Union Large & Midcap Fund Direct Growth

Union Large & Midcap Fund Direct Growth

Equity

Direct

Large & Mid-Cap

NAV as on 12-12-2024

₹ 27.93

-0.3%

1D

Inception Returns

22.7%

/yr

About Union Large & Midcap Fund Direct Growth

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. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Large & Midcap Fund Direct Growth has ₹847 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Large & Midcap Fund Direct Growth has given a CAGR return of 22.66% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 27.94% and 16.56% respectively.

Holdings

Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Basic Materials, Communication, Consumer Defensive, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, State Bank of India, Coforge Ltd

Taxation

As it is a large & mid-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 Large & Midcap Fund Direct Growth

The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. 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 Large & Midcap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
91 people have invested ₹ 7.1L in Union Large & Midcap Fund Direct Growth in the last three months

INDmoney Rank for Union Large & Midcap Fund Direct Growth

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IND ranking is not available for this fund.
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5Y returns in the bottom 25% of the category
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3Y returns in the bottom 25% of the category

Union Large & Midcap Fund Direct Growth Overview

Expense ratio0.94%
Benchmark
S&P BSE 200 India TR INR
AUM₹847 Cr
Inception Date13 December, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
128.84%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (12-Dec-24)

Period
Union Large & Midcap Fund Direct Growth
NIFTY 500
large & mid-cap
1M
6.8%
6.6%
4.9%
3M
0.1%
-2.4%
-1.2%
6M
9.1%
5.8%
8.8%
1Y
27.9%
24.6%
32.2%
3Y
16.6%
15.7%
19.6%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Large cap
45.8%

Mid cap
41%

Small cap
10.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.6%
Industrial
19.3%
Consumer Cyclical
13%
Tech
12.6%
Health
9.4%
Basic Materials
7.3%
Communication
4.7%
Consumer Defensive
4%
Energy
2.8%
Utilities
2.6%
Real Estate
1.8%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.75%
1.71%
2.11%
NIFTY 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -5.75% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed NIFTY 500 by 0.77% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 833.9 Cr
₹ 880.6 Cr
₹ 860.1 Cr
  • AUM of the fund stands at 833.9 Cr as of Oct'24
  • AUM decreased by 46.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ITC Ltd's allocation increased from 1.24% to 1.99%
ITC Ltd's allocation increased from 1.24% to 1.99%
NTPC Ltd's allocation increased from 0.5% to 1.22%
NTPC Ltd's allocation increased from 0.5% to 1.22%
Max Financial Services Ltd's allocation increased from 1.54% to 2.05%
Max Financial Services Ltd's allocation increased from 1.54% to 2.05%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 4.17 % to 4 %
HDFC Bank Ltd's allocation decreased from 4.17 % to 4 %
Infosys Ltd's allocation decreased from 2.63 % to 2.37 %
Infosys Ltd's allocation decreased from 2.63 % to 2.37 %
Shriram Finance Ltd's allocation decreased from 2.32 % to 1.79 %
Shriram Finance Ltd's allocation decreased from 2.32 % to 1.79 %
Mid Cap allocation has gone up from 40.8% to 42.4%
Mid Cap allocation has gone up from 40.8% to 42.4%
Large Cap allocation has gone down from 45.8% to 44.8%
Large Cap allocation has gone down from 45.8% to 44.8%
Small Cap allocation has gone down from 10.7% to 10.5%
Small Cap allocation has gone down from 10.7% to 10.5%
Cash allocation has gone down from 2.7% to 2.3%
Cash allocation has gone down from 2.7% to 2.3%

Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical

Oct'24
Financial Services
23%
Industrial
19%
Consumer Cyclical
13%
Sep'24
Financial Services
23%
Industrial
19%
Consumer Cyclical
15%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
87
96
90
Top 5 Company Concentration
14.6%
15.2%
14.7%
Company having highest exposure
ICICI Bank Ltd (4.2%)
HDFC Bank Ltd (4.2%)
ICICI Bank Ltd (3.9%)
No of Sectors
11
11
12
Top 5 Sectors Concentration
76.9%
75.9%
74.3%
Sector having highest exposure
Financial Services (22.6%)
Financial Services (22.5%)
Financial Services (21.2%)
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Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Large & Midcap Fund Direct Growth, since 1 November 2024
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹22.24K Cr
as on 31-Oct-2024
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com

Union Large & Midcap 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 22.66% since inception which is more than its category average return of 17.34%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.11% in Equity, 0% in Debt and 1.89% in Cash related instruments
AUM size ₹847 Cr

AUM size ₹847 Cr

This fund has AUM of ₹847 Cr which is less than its category average of ₹ 7322 Cr
Expense Ratio 0.94%

Expense Ratio 0.94%

This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Union Large & Midcap Fund Direct Growth

The current NAV of Union Large & Midcap Fund Direct Growth is ₹27.93 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Union Large & Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.83%
6.83%
6 Month Returns
9.13%
9.13%
1 Year Returns
27.94%
27.94%
3 Years Returns
58.36%
16.56%
5 Years Returns
0%
0%
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0.94% as on November 2024
₹847 Cr as on November 2024
HDFC Bank Ltd(5.51%), ICICI Bank Ltd(4.17%), Infosys Ltd(2.47%), State Bank of India(2.19%), Coforge Ltd(2.05%) as on November 2024
Financial Services(23.8%), Industrial(19.74%), Consumer Cyclical(14.13%) as on November 2024
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
2.95
0.86
-
As on November 2024
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
0.89
-
As on November 2024
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
1.56
0.75
-
As on November 2024
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
10.68
12.99
-
As on November 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 1.24 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar is the fund manager of Union Large & Midcap Fund Direct Growth
The Exit load of Union Large & Midcap Fund Direct Growth is 1%