Union Largecap Fund Direct Growth

Equity
Direct
Large-Cap
Union Largecap Fund Direct Growth

About the Fund

Union Largecap Fund Direct Growth is an equity fund. This fund was started on 17 May, 2017. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Largecap Fund Direct Growth has ₹376 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.7.

Returns

Union Largecap Fund Direct Growth has given a CAGR return of 13.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.73%, 16.70% and 18.14% respectively.

Holdings

Union Largecap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Communication, Energy, Consumer Defensive, Basic Materials, Utilities, Real Estate, Health, Government. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, Axis Bank Ltd

Taxation

As it is a large-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 Largecap Fund Direct Growth

The investment objective of the scheme is to seek to generate capital appreciation by investing in a portfolio of select equity and equity linked securities of large 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 Largecap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
24 people have invested ₹ 2.6L in Union Largecap Fund Direct Growth in the last three months

INDmoney Rank

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

Fund Overview

Expense ratio1.68%
Benchmark
S&P BSE 100 India TR INR
AUM₹376 Cr
Inception Date17 May, 2017
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
44.85%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.2%

  • Debt & Cash 2.8%

Large cap
81.2%
Mid cap
16%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
29.2%
Industrial
13.6%
Consumer Cyclical
12.2%
Tech
10.6%
Communication
8.6%
Energy
7.5%
Consumer Defensive
6.7%
Basic Materials
3.6%
Utilities
3.4%
Real Estate
2.8%
Health
1.7%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
8.78%
15.6%
Reliance Industries Ltd
Reliance Industries Ltd
6.64%
7.6%
ICICI Bank Ltd
ICICI Bank Ltd
6.11%
-12.5%
Bharti Airtel Ltd
Bharti Airtel Ltd
4.91%
31.3%
Axis Bank Ltd
Axis Bank Ltd
3.96%
29.8%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Union Largecap Fund Direct Growth
Union Largecap Fund Direct Growth
28.7%
16.7%
18.1%
13.3%
JM Large Cap Fund (Direct) - Growth
JM Large Cap Fund (Direct) - Growth
46.7%
23.1%
21.1%
15.1%
ICICI Prudential Bluechip Fund Direct Plan Growth
ICICI Prudential Bluechip Fund Direct Plan Growth
38.4%
22.3%
21.4%
17.1%
Nippon India Large Cap Fund - Direct Plan - Growth Plan
Nippon India Large Cap Fund - Direct Plan - Growth Plan
38.2%
26.1%
22%
17.8%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Losers
1M Return
Larsen & Toubro Ltd
Larsen & Toubro Ltd
0.2%
State Bank of India
State Bank of India
3.8%
Power Finance Corporation Ltd
Power Finance Corporation Ltd
7.3%

Hardick Bora
Hardick Bora
Fund Manager of Union Largecap Fund Direct Growth, since 25 January 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Midcap Fund Direct Growth
23.71%
24.91%
Union Small Cap Fund Direct Growth
22.29%
25.57%
Union Balanced Advantage Fund Direct Growth
12.01%
12.79%
Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Largecap Fund Direct Growth, since 7 June 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Midcap Fund Direct Growth
23.71%
24.91%
Union Small Cap Fund Direct Growth
22.29%
25.57%
Union Balanced Advantage Fund Direct Growth
12.01%
12.79%

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 26.1% return, outperforming this fund by 9.4% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 33.9% growth in AUM moving from 280.61 Cr to 375.69 Cr.
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In the last 1 year, Quant Large Cap Fund Direct Growth has given 47.94% return, outperforming this fund by 19.21%.
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In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.98% return, outperforming this fund by 3.85% per annum.
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This fund expense ratio is slightly on the higher side within the category (large-cap). Its expense ratio is 1.68% which is higher than the category average expense ratio of 0.77%.

Union Largecap 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 13.34% since inception which is less than its category average return of 14.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.17% in Equity, 0.05% in Debt and 2.78% in Cash related instruments
AUM size ₹376 Cr

AUM size ₹376 Cr

This fund has AUM of ₹376 Cr which is less than its category average of ₹ 6761 Cr
Expense Ratio 1.68%

Expense Ratio 1.68%

This fund has an expense ratio of 1.68% which is more than its category average expense ratio of 1.31%

Frequently Asked Questions

The current NAV of Union Largecap Fund Direct Growth is ₹24.58 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Union Largecap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.82%
0.82%
6 Month Returns
14.9%
14.9%
1 Year Returns
28.73%
28.73%
3 Years Returns
58.91%
16.7%
5 Years Returns
130.12%
18.14%
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1.68% as on June 2024
₹376 Cr as on June 2024
HDFC Bank Ltd(8.78%), Reliance Industries Ltd(6.64%), ICICI Bank Ltd(6.11%), Bharti Airtel Ltd(4.91%), Axis Bank Ltd(3.96%) as on June 2024
Financial Services(28.4%), Industrial(13.22%), Consumer Cyclical(11.81%) as on June 2024
The alpha ratio for the Union Largecap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Largecap Fund Direct Growth
3.59
-0.1
-0.22
As on June 2024
The alpha for Union Largecap Fund Direct Growth is calculated against S&P BSE 100 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 Largecap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Largecap Fund Direct Growth
0.87
0.94
0.95
As on June 2024
The Beta for Union Largecap Fund Direct Growth is calculated with S&P BSE 100 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 Largecap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Largecap Fund Direct Growth
2.18
0.91
0.69
As on June 2024
The sharpe ratio for Union Largecap Fund Direct Growth is calculated with S&P BSE 100 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 Largecap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Largecap Fund Direct Growth
10.11
12.51
17.94
As on June 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 1.65 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Largecap Fund Direct Growth
The Exit load of Union Largecap Fund Direct Growth is 1%