Union Children's Fund Direct Growth

Union Children's Fund Direct Growth is a hybrid fund. This fund was started on 19 December, 2023. The fund is managed by . This fund gives you the benefit of diversification.

1. Union Children's Fund Direct Growth has ₹60 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
2. The fund has an expense ratio 0.9.
   

Union Children's Fund Direct Growth has given a CAGR return of 24.30% since inception.

Union Children's Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, Communication, Health, Energy, Consumer Defensive, Utilities, Real Estate.

As it is a children mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to generate long term capital appreciation by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. There is a lock in period for Union Children's Fund Direct Growth of 5 Years