Union Large & Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Equity
Direct
Large & Mid- Cap
NAV: ₹ 20.2 as on 29-09-2023
Fund Performance
About the Fund
Union Large & Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal: 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal Fund Manager
Sanjay Bembalkar
Fund Manager of Union Large & Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 25 January 2023
Top funds managed
Hardick Bora
Fund Manager of Union Large & Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal, 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 Reinvestment of Income Distribution cum capital withdrawal is ₹20.24 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Union Large & Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal | 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 5.36 | 3.81 | - |
As on August 2023
The alpha for Union Large & Midcap Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 0.78 | 0.88 | - |
As on August 2023
The Beta for Union Large & Midcap Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 0.77 | 1.32 | - |
As on August 2023
The sharpe ratio for Union Large & Midcap Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal | 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 Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Union Large & Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 1%