Union Corporate Bond Fund Direct Growth

Union Corporate Bond Fund Direct Growth

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Debt
Direct
Corporate Bond
NAV: ₹ 14.06 as on 18-04-2024
Fund Performance

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.49%.
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In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.87% return, outperforming this fund by 0.99%.
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In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.26% return, outperforming this fund by 1.25% per annum.
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Over the last 1 month, this fund has experienced a 2.3% drop in AUM moving from 451.98 Cr to 441.48 Cr.
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In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.8% return, outperforming this fund by 2.21% per annum.

About the Union Corporate Bond Fund Direct Growth

Union Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 31 May, 2018. The fund is managed by Anindya Sarkar. This fund is suitable to keep your money safe.

Key Parameters

  1. Union Corporate Bond Fund Direct Growth has ₹441 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Union Corporate Bond Fund Direct Growth Overview

Expense ratio
Expense ratio
0.37%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹441 Cr
Inception Date
Inception Date
31 May, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
158.61%

Union Corporate Bond Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
98.8%
AA
1.2%
Sector Allocation

Mar'24

Feb'24

Jan'24

Corporate
60.2%
Government
35.2%
Cash Equivalent
4.6%

Top Holdings of Union Corporate Bond Fund Direct Growth as on (31-Mar-24)

  • Debt & Cash

Debt Holdings37
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
5.71%
66.7%
State Bank Of India
State Bank Of India
5.51%
0%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
4.59%
0%
Bajaj Housing Finance Limited
Bajaj Housing Finance Limited
3.4%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
3.4%
0%

Union Corporate Bond Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 441.5 Cr
₹ 452 Cr
₹ 459.9 Cr
  • AUM of the fund stands at 441.5 Cr as of Mar'24
  • AUM decreased by 10.5 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Union Corporate Bond Fund Direct Growth Fund Manager

Anindya Sarkar
Anindya Sarkar
Fund Manager of Union Corporate Bond Fund Direct Growth, since 1 November 2018

Union Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.96% since inception which is more than its category average return of 5.44%
AUM size ₹441 Cr

AUM size ₹441 Cr

This fund has AUM of ₹441 Cr which is less than its category average of ₹ 6065 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of Union Corporate Bond Fund Direct Growth is ₹14.06 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Union Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.38%
0.38%
6 Month Returns
3.82%
3.82%
1 Year Returns
6.88%
6.88%
3 Years Returns
15.8%
5.01%
5 Years Returns
31.27%
5.59%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.37% as on March 2024
₹441 Cr as on March 2024
7.18% Govt Stock 2033(5.71%), State Bank Of India(5.51%), 7.32% Govt Stock 2030(4.59%), Indian Railway Finance Corporation Limited(3.4%), Bajaj Housing Finance Limited(3.4%) as on March 2024
Corporate(60.18%), Government(35.17%), Cash Equivalent(4.65%) as on March 2024
Yield to Maturity is 7.53 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.25 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
98.83
AA
1.17
Anindya Sarkar is the fund manager of Union Corporate Bond Fund Direct Growth
The Exit load of Union Corporate Bond Fund Direct Growth is 1%