Union Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
NAV: ₹ 18.1 as on 30-11-2021
Union Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 13 August, 2019. The fund is managed by Vinay Paharia, Hardick Bora. The fund could potentially beat inflation in the long-run.
1) Union Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal has a NAV of 18.13 as on 01-Dec-2021.
2) Union Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal has 273 Cr worth of assets under management (AUM) as on 01-Dec-2021 and is less than category average.
3) The fund has an expense ratio 1.83 %.
Fund Overview
Expense ratio | 1.83% | |
Benchmark | S&P BSE 500 India TR INR | |
AUM | ₹273 Cr | |
Inception Date | 13 August, 2019 | |
Min Lumpsum/SIP | ₹1000/₹5000 | |
Exit Load | 1% | |
Lock In | No Lock-in | |
TurnOver | 64.16% |
Fund Distribution
| Financial Services | 27.8% |
| Tech | 14.2% |
| Industrial | 13.9% |
| Health | 9.5% |
| Basic Materials | 9.3% |
| Cyclical | 7.9% |
| Energy | 6.8% |
| Defensive | 5.9% |
| Communication | 4.8% |
Top Holdings
Fund Highlights
About the fund
Fund Allocations
AUM size ₹273 Cr
Expense Ratio 1.83%
Vinay Paharia is B. Com., M.M.S.
15 Years experience
Mr. Paharia is currently the Chief Investment Officer of Union Asset Management Company. He has over 15 years of experience in Fund Management and Equity. His prior stints include Fund Manager - Equity of Invesco Asset Management (India) Private Ltd and as an Equity Research Analyst for DBS Cholamandalam AMC, KR Choksey Shares and Securities Pvt. Ltd, First Global Stockbroking Pvt Ltd. Mr. Paharia has a B.Comm and M.M.S.
Hardick Bora is CFA charter holder with the CFA Institute, USA
12 Years experience
Mr. Bora is currently a Co-Fund Manager for Union Asset Management Company Pvt Ltd. He has over 10 years of experience in financial services sector. Previously he worked as a Research Analyst with Union AMC, Sr. Manger - Instituional Research (Pharma) for Motilal Oswal Securities Ltd, Research Associate (Pharma & Agrochemicals) for Dolat Capital Markets Pvt. Ltd, Research Associate (Pharma) for Khandwala Securites Ltd, Consultant and Assistant Manager for Yen Management Consultants Pvt. Ltd and as Customer Care Advisor for 3 Global Services Pvt. Ltd. Mr. Bora has a Bachelors in Banking & Insurance from University of Mumbai and is CFA Charterholder.
AMC details
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