Union Flexi Cap Fund Direct Growth

Equity
Direct
Flexi Cap
Union Flexi Cap Fund Direct Growth

About the Fund

Union Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Flexi Cap Fund Direct Growth has ₹1242 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Flexi Cap Fund Direct Growth has given a CAGR return of 15.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.07%, 19.29% and 22.05% respectively.

Holdings

Union Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Communication, Energy, Consumer Defensive, Real Estate, Health, Utilities, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, Maruti Suzuki India Ltd, State Bank of India

Taxation

As it is a flexi cap mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Union Flexi Cap Fund Direct Growth

The investment objective of the Scheme is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities across market capitalisation. However, there can be 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 1000.00 and for SIP is INR 500.00. Union Flexi Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
329 people have invested ₹ 37L in Union Flexi Cap Fund Direct Growth in the last three months

INDmoney Rank

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Beats FD returns for both 3Y & 5Y duration
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Fund Overview

Expense ratio0.86%
Benchmark
S&P BSE 500 India TR INR
AUM₹1242 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
33.86%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98%

  • Debt & Cash 2%

Large cap
59.5%

Small cap
20%

Mid cap
18.2%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
30.2%
Consumer Cyclical
14.3%
Industrial
12.1%
Tech
9.7%
Basic Materials
7.6%
Consumer Defensive
5.6%
Energy
5.6%
Health
5.1%
Communication
3.9%
Utilities
3.6%
Real Estate
2.4%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Hardick Bora
Hardick Bora
Fund Manager of Union Flexi Cap Fund Direct Growth, since 5 January 2021
Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Flexi Cap Fund Direct Growth, since 25 January 2023

Mutual Fund Insights

Insights icon
In the last 3 years, JM Flexicap Fund (Direct) Growth Option has given 33.77% return, outperforming this fund by 14.48% per annum.
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This fund expense ratio is slightly on the lower side within the category (flexi cap). Its expense ratio is 0.86% which is lower than the category average expense ratio of 1.18%.
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Over the last 1 month, this fund has experienced a 39.5% drop in AUM moving from 2.05K Cr to 1.24K Cr.
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In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 35.58% return, outperforming this fund by 13.53% per annum.
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In the last 1 year, Bank of India Flexi Cap Fund Direct Growth has given 71.49% return, outperforming this fund by 34.43%.

Union Flexi Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

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

About the fund

This fund has delivered an average annual returns of 15.08% since inception which is less than its category average return of 21.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.05% in Equity, 0.07% in Debt and 1.88% in Cash related instruments
AUM size ₹1242 Cr

AUM size ₹1242 Cr

This fund has AUM of ₹1242 Cr which is less than its category average of ₹ 8107 Cr
Expense Ratio 0.86%

Expense Ratio 0.86%

This fund has an expense ratio of 0.86% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions

The current NAV of Union Flexi Cap Fund Direct Growth is ₹54.95 as on 10-Jul-2024.
Existing (Absolute + CAGR) as on 10-Jul-2024.
Union Flexi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.11%
5.11%
6 Month Returns
15.18%
15.18%
1 Year Returns
37.07%
37.07%
3 Years Returns
69.76%
19.29%
5 Years Returns
170.82%
22.05%
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0.86% as on June 2024
₹1242 Cr as on June 2024
HDFC Bank Ltd(5.75%), ICICI Bank Ltd(5.55%), Bharti Airtel Ltd(4.1%), Maruti Suzuki India Ltd(3.56%), State Bank of India(3.45%) as on June 2024
Financial Services(24.01%), Industrial(19.49%), Consumer Cyclical(13.74%) as on June 2024
The alpha ratio for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Flexi Cap Fund Direct Growth
3.18
1
1.84
As on June 2024
The alpha for Union Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Flexi Cap Fund Direct Growth
0.81
0.87
0.92
As on June 2024
The Beta for Union Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Flexi Cap Fund Direct Growth
2.56
1.08
0.88
As on June 2024
The sharpe ratio for Union Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Flexi Cap Fund Direct Growth
9.68
12.04
17.96
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.05 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Flexi Cap Fund Direct Growth
The Exit load of Union Flexi Cap Fund Direct Growth is 1%