Union Large & Midcap Fund Direct Growth
Equity
Direct
Large & Mid- Cap
NAV: ₹ 20.2 as on 29-09-2023
Fund Performance
53 people have invested ₹ 5.4L in Union Large & Midcap Fund Direct Growth in the last three months
Fund Insights
Over the last 6 months, this fund has experienced a 31.7% growth in AUM moving from 396.26 Cr to 521.79 Cr.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 32.57% return, outperforming this fund by 13.22%.
In the last 3 years, HDFC Large and Mid Cap Fund Direct Growth has given 33.67% return, outperforming this fund by 8.27% per annum.
This fund expense ratio is slightly on the lower side within the category (large & mid- cap). Its expense ratio is 1.05% which is lower than the category average expense ratio of 1.27%.
INDmoney Rank
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Pros
Hold on while we find any good points for this fund.
Cons
3Y returns in the bottom 25% of the category
About the Fund
Union Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 13 December, 2019. The fund is managed by Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Large & Midcap Fund Direct Growth has ₹522 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 1.1.
Union Large & Midcap Fund Direct Growth Overview
 | 1.05% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹522 Cr |
 | 13 December, 2019 |
 | ₹1000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 38.48% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
48.3%
Mid cap
39.8%
Small cap
6.8%
Sector Allocation
Financial Services
28.8%
Consumer Cyclical
18.4%
Industrial
16%
Tech
10.4%
Health
8.4%
Basic Materials
7.5%
Energy
3.7%
Consumer Defensive
2.8%
Real Estate
2%
Communication
1.9%
Top Holdings of Union Large & Midcap Fund Direct Growth as on (31-Aug-23)
Equity Holdings64
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.64% | 5.3% | |
 HDFC Bank Ltd | 4.9% | 0% | |
 Reliance Industries Ltd | 3.49% | 0% | |
 Infosys Ltd | 2.74% | 0% | |
 Tata Motors Ltd Class A | 2.66% | -8.9% |
See all
Union Large & Midcap Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 1.42% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund outperformed Nifty 500 by 2.17% in Aug'23
AUM Change
- AUM of the fund stands at 521.8 Cr as of Aug'23
- AUM increased by 9.9 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Union Large & Midcap Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Escorts Kubota Ltd | 23.2% |
 Dixon Technologies (India) Ltd | 21% |
 Polycab India Ltd | 10.6% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Union Large & Midcap Fund Direct Growth Fund Manager
Sanjay Bembalkar
Fund Manager of Union Large & Midcap Fund Direct Growth, since 25 January 2023
Top funds managed
Hardick Bora
Fund Manager of Union Large & Midcap Fund Direct Growth, since 17 December 2019
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.43% since inception which is more than its category average return of 15.79%
Fund Allocations
This fund has an allocation of 94.88% in Equity, 0% in Debt and 5.12% in Cash related instruments
AUM size ₹522 Cr
This fund has AUM of ₹522 Cr which is less than its category average of ₹ 5316 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions
The current NAV of Union Large & Midcap Fund Direct Growth is ₹20.24 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Union Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.89% | 2.89% |
6 Month Returns | 26.1% | 26.1% |
1 Year Returns | 19.35% | 19.35% |
3 Years Returns | 97.18% | 25.4% |
5 Years Returns | 0% | 0% |
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1.05% as on August 2023
₹522 Cr as on August 2023
ICICI Bank Ltd(5.64%), HDFC Bank Ltd(4.9%), Reliance Industries Ltd(3.49%), Infosys Ltd(2.74%), Tata Motors Ltd Class A(2.66%) as on August 2023
Financial Services(27.32%), Consumer Cyclical(17.5%), Industrial(15.19%) as on August 2023
The alpha ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Large & Midcap Fund Direct Growth | 5.36 | 3.81 | - |
As on August 2023
The alpha for Union Large & Midcap Fund Direct Growth is calculated against S&P BSE 200 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 Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Large & Midcap Fund Direct Growth | 0.78 | 0.88 | - |
As on August 2023
The Beta for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 200 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 Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Large & Midcap Fund Direct Growth | 0.77 | 1.32 | - |
As on August 2023
The sharpe ratio for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 200 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 Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Large & Midcap Fund Direct Growth | 10.73 | 13.94 | - |
As on August 2023
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 2.66 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.37 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Large & Midcap Fund Direct Growth
The Exit load of Union Large & Midcap Fund Direct Growth is 1%