Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl

Equity
Direct
Global - Other
Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl

About the Fund

Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 6 September, 2023. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl has ₹654 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 28.60% since inception.

Holdings

Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Industrial, Financial Services, Communication, Health, Consumer Defensive, Utilities, Basic Materials, Real Estate. Its top holdings are Info Edge (India) Ltd, Dixon Technologies (India) Ltd, Hitachi Energy India Ltd Ordinary Shares, Zomato Ltd, CG Power & Industrial Solutions Ltd

Taxation

As it is a global - other 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 Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl

The investment objective of the Scheme is to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.. 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 1000.00 and for SIP is INR 500.00. Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.74%
Benchmark
NIFTY 500 Index TR IDR
AUM₹654 Cr
Inception Date6 September, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 91.8%

  • Debt & Cash 8.2%

Small cap
38.1%

Mid cap
33.6%

Large cap
19.7%

Sector Allocation

May'24

Apr'24

Mar'24

Consumer Cyclical
23.1%
Tech
18.9%
Industrial
14.2%
Financial Services
11%
Communication
10.2%
Health
7%
Consumer Defensive
4.6%
Utilities
4%
Basic Materials
3.7%
Real Estate
3.3%

Returns for the month of Dec

  • Gainers

  • Losers

Hardick Bora
Hardick Bora
Fund Manager of Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl, since 6 September 2023
Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl, since 6 September 2023

Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl 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 returns of 28.6% since inception (06nd Sep 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 91.8% in Equity, 0% in Debt and 8.2% in Cash related instruments
AUM size ₹654 Cr

AUM size ₹654 Cr

This fund has AUM of ₹654 Cr which is more than its category average of ₹ 504 Cr
Expense Ratio 0.74%

Expense Ratio 0.74%

This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.41%

Frequently Asked Questions

The current NAV of Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl is ₹12.86 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
7.62%
7.62%
6 Month Returns
21.9%
21.9%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.74% as on May 2024
₹654 Cr as on May 2024
Info Edge (India) Ltd(4.26%), Dixon Technologies (India) Ltd(3.71%), Hitachi Energy India Ltd Ordinary Shares(3.03%), Zomato Ltd(2.9%), CG Power & Industrial Solutions Ltd(2.89%) as on May 2024
Consumer Cyclical(21.23%), Tech(17.36%), Industrial(13.07%) as on May 2024
The alpha ratio for the Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl is calculated against NIFTY 500 Index TR IDR. 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 Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl is calculated with NIFTY 500 Index TR IDR. 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 Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The sharpe ratio for Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl is calculated with NIFTY 500 Index TR IDR. 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 Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on May 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.
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Union Innovation & Opportunities Fund Direct IDCW Reinvestment Inc Dist cum Cap Wdrl is 1%