Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal

Hybrid
Direct
Equity Savings
Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal

About the Fund

Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal is a hybrid fund. This fund was started on 6 August, 2018. The fund is managed by Hardick Bora, Sanjay Bembalkar. This fund gives you the benefit of diversification.

Key Parameters

  1. Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal has ₹177 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 1.5.

Returns

Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal has given a CAGR return of 8.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 14.31%, 8.35% and 9.10% respectively.

Holdings

Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Energy, Health, Consumer Cyclical, Utilities, Basic Materials, Consumer Defensive, Corporate, Government, Communication, Tech, Real Estate.

Taxation

As it is a equity savings 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).

Investment objective of Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal

To seek capital appreciation and/or to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments. However, there is no assurance that the Investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio1.48%
Benchmark
Crisil Equity Savings Index TR INR
AUM₹177 Cr
Inception Date6 August, 2018
Min Lumpsum/SIP--/--
Exit Load
1%
Lock InNo Lock-in
TurnOver
101.31%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-May-24)

  • Equity 31.9%

  • Debt & Cash 68.1%

Large cap
53.6%

Small cap
7.8%

Mid cap
6.1%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
22.9%
Industrial
15.7%
Energy
13%
Health
8.8%
Consumer Cyclical
7.1%
Utilities
6.7%
Basic Materials
6.6%
Consumer Defensive
5.7%
Communication
5.1%
Tech
4.4%
Real Estate
4.1%
All changes are between Oct'69 and Dec'69

Hardick Bora
Hardick Bora
Fund Manager of Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal, since 6 August 2018
Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal, since 25 January 2023

Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal 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 8.85% since inception which is more than its category average return of 8.21%
Fund Allocations

Fund Allocations

This fund has an allocation of 31.86% in Equity, 3.99% in Debt and 64.15% in Cash related instruments
AUM size ₹177 Cr

AUM size ₹177 Cr

This fund has AUM of ₹177 Cr which is less than its category average of ₹ 1321 Cr
Expense Ratio 1.48%

Expense Ratio 1.48%

This fund has an expense ratio of 1.48% which is more than its category average expense ratio of 1.13%

Frequently Asked Questions

The current NAV of Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal is ₹16.47 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
1.67%
1.67%
6 Month Returns
6.81%
6.81%
1 Year Returns
14.31%
14.31%
3 Years Returns
27.2%
8.35%
5 Years Returns
54.55%
9.1%
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.
1.48% as on May 2024
₹177 Cr as on May 2024
191 DTB 19072024(11.9%), HDFC Bank Ltd(4.45%), Small Industries Development Bank Of India(3.99%), ICICI Bank Ltd(3.12%), Reliance Industries Ltd(2.77%) as on May 2024
Cash Equivalent(60.44%), Financial Services(7.3%), Industrial(4.99%) as on May 2024
AAA
100
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal
The Exit load of Union Equity Savings Fund Direct Transfer of Income Distribution cum capital withdrawal is 1%