Union Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 13 December, 2019. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Union Large & Midcap Fund Direct Growth has given a CAGR return of 23.29% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 34.99% and 20.34% respectively.
Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Communication, Tech, Real Estate, Basic Materials, Energy, Consumer Defensive, Utilities, Government, Health. Its top holdings are HDFC Bank Ltd, Indus Towers Ltd Ordinary Shares, UNO Minda Ltd, ICICI Bank Ltd, Cummins India Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.85% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹817 Cr |
Inception Date | 13 December, 2019 |
Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 38.48% |
Risk | Very High Risk |
Union Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.5% | 0.5% |
6 Month Returns | 18.91% | 18.91% |
1 Year Returns | 34.99% | 34.99% |
3 Years Returns | 74.27% | 20.34% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Large & Midcap Fund Direct Growth | 7.01 | 3.22 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Large & Midcap Fund Direct Growth | 0.79 | 0.89 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Large & Midcap Fund Direct Growth | 2.73 | 1.15 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Large & Midcap Fund Direct Growth | 9.87 | 12.86 | - |