Union Focused Fund Direct Growth
About the Fund
Union Focused Fund Direct Growth is an equity fund. This fund was started on 13 August, 2019. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Focused Fund Direct Growth has ₹425 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.5.
Returns
Union Focused Fund Direct Growth has given a CAGR return of 21.27% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 25.94% and 15.52% respectively.
Holdings
Union Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Communication, Tech, Consumer Cyclical, Real Estate, Energy, Consumer Defensive, Basic Materials, Utilities, Government. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Reliance Industries Ltd, Dixon Technologies (India) Ltd, Cummins India Ltd
Taxation
As it is a focused fund 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Union Focused Fund Direct Growth
The investment objective of the scheme is to seek to generate capital appreciation by investing in a portfolio of select equity and equity linked securities across market caps. 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 Focused Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 1.46% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹425 Cr |
| Inception Date | 13 August, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 46.19% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Info Edge (India) Ltd | 4.6% |
Union Focused Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹425 Cr
Expense Ratio 1.46%
Frequently Asked Questions
Union Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.15% | 0.15% |
6 Month Returns | 14.52% | 14.52% |
1 Year Returns | 25.94% | 25.94% |
3 Years Returns | 54.15% | 15.52% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Focused Fund Direct Growth | -1.79 | -0.25 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Focused Fund Direct Growth | 0.88 | 0.83 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Focused Fund Direct Growth | 2.03 | 0.96 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Focused Fund Direct Growth | 10.63 | 11.52 | - |