Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal

Equity
Direct
Large & Mid-Cap
Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal

About the Fund

Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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.

Key Parameters

  1. Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has ₹750 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 23.74% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 40.47% and 21.81% respectively.

Holdings

Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Communication, Tech, Energy, Real Estate, Health, Consumer Defensive, Utilities. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Cummins India Ltd, UNO Minda 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 Payout of Income Distribution cum capital withdrawal

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 Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.89%
Benchmark
S&P BSE 200 India TR INR
AUM₹750 Cr
Inception Date13 December, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
38.48%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 95.8%

  • Debt & Cash 4.2%

Large cap
48.1%

Mid cap
41.3%

Small cap
6.3%

Sector Allocation

May'24

Apr'24

Mar'24

Industrial
22.3%
Financial Services
21.1%
Consumer Cyclical
15.4%
Basic Materials
8.2%
Communication
7.3%
Tech
5.5%
Energy
5%
Real Estate
4.8%
Health
4.7%
Consumer Defensive
2.9%
Utilities
2.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Hardick Bora
Hardick Bora
Fund Manager of Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal, since 17 December 2019
Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal, since 25 January 2023

Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 23.74% since inception which is more than its category average return of 17.7%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.78% in Equity, 0% in Debt and 4.22% in Cash related instruments
AUM size ₹750 Cr

AUM size ₹750 Cr

This fund has AUM of ₹750 Cr which is less than its category average of ₹ 6602 Cr
Expense Ratio 0.89%

Expense Ratio 0.89%

This fund has an expense ratio of 0.89% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is ₹25.98 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
7.41%
7.41%
6 Month Returns
18.3%
18.3%
1 Year Returns
40.47%
40.47%
3 Years Returns
80.72%
21.81%
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.
0.89% as on May 2024
₹750 Cr as on May 2024
ICICI Bank Ltd(3.55%), HDFC Bank Ltd(3.16%), State Bank of India(2.9%), Cummins India Ltd(2.8%), UNO Minda Ltd(2.53%) as on May 2024
Industrial(21.32%), Financial Services(20.18%), Consumer Cyclical(14.79%) as on May 2024
The alpha ratio for the Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
7.22
4.07
-
As on May 2024
The alpha for Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
0.73
0.88
-
As on May 2024
The Beta for Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal
2.76
1.13
-
As on May 2024
The sharpe ratio for Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal
8.63
12.57
-
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.
Sortino ratio is 2.05 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.53 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
The Exit load of Union Large & Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is 1%