Union Largecap Fund Direct Growth

Union Largecap Fund Direct Growth

Equity

Direct

Large-Cap

NAV as on 12-12-2024

₹ 25.26

-0.3%

1D

Inception Returns

12.9%

/yr

About Union Largecap Fund Direct Growth

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

Key Parameters

  1. Union Largecap Fund Direct Growth has ₹433 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.6.

Returns

Union Largecap Fund Direct Growth has given a CAGR return of 12.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.48%, 12.98% and 17.09% respectively.

Holdings

Union Largecap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Consumer Defensive, Health, Energy, Communication, Basic Materials, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Larsen & Toubro 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
34 people have invested ₹ 6.7L in Union Largecap Fund Direct Growth in the last three months

INDmoney Rank for Union Largecap Fund Direct Growth

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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

Union Largecap Fund Direct Growth Overview

Expense ratio1.58%
Benchmark
S&P BSE 100 India TR INR
AUM₹433 Cr
Inception Date17 May, 2017
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
129.79%
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 Largecap Fund Direct Growth
Nifty 100
large-cap
1M
4.3%
5.7%
3.8%
3M
-1.6%
-2.6%
-2.7%
6M
4.8%
5.2%
6.1%
1Y
21.5%
21.9%
24.2%
3Y
13%
13.3%
14.8%
5Y
17.1%
16.1%
17.5%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Large cap
82.7%

Mid cap
13.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
31.8%
Tech
13.1%
Consumer Cyclical
10.3%
Industrial
8.3%
Consumer Defensive
7.1%
Health
6.9%
Energy
6.6%
Basic Materials
6%
Communication
5.3%
Utilities
4.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.69%
1.65%
1.44%
Nifty 100
-6.79%
2.11%
0.83%
  • This fund’s returns stands at -5.69% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.79% as on Oct'24
  • This fund outperformed Nifty 100 by 1.10% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 434.9 Cr
₹ 434.9 Cr
₹ 421.9 Cr
  • AUM of the fund stands at 434.9 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
ITC Ltd's allocation increased from 2.57% to 3.71%
ITC Ltd's allocation increased from 2.57% to 3.71%
Max Financial Services Ltd's allocation increased from 0.51% to 1.53%
Max Financial Services Ltd's allocation increased from 0.51% to 1.53%
HDFC Bank Ltd's allocation increased from 8.19% to 8.9%
HDFC Bank Ltd's allocation increased from 8.19% to 8.9%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 5.72 % to 5.17 %
Reliance Industries Ltd's allocation decreased from 5.72 % to 5.17 %
Infosys Ltd's allocation decreased from 5.15 % to 5.08 %
Infosys Ltd's allocation decreased from 5.15 % to 5.08 %
Axis Bank Ltd's allocation decreased from 2.5 % to 2.36 %
Axis Bank Ltd's allocation decreased from 2.5 % to 2.36 %
Mid Cap allocation has gone up from 11.2% to 12.6%
Mid Cap allocation has gone up from 11.2% to 12.6%
Large Cap allocation has gone down from 85.6% to 84.1%
Large Cap allocation has gone down from 85.6% to 84.1%
Cash allocation has gone up from 3.2% to 3.3%
Cash allocation has gone up from 3.2% to 3.3%

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

Oct'24
Financial Services
32%
Tech
13%
Consumer Cyclical
10%
Sep'24
Financial Services
32%
Tech
13%
Consumer Cyclical
12%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
61
61
61
Top 5 Company Concentration
30.2%
29.5%
29.1%
Company having highest exposure
HDFC Bank Ltd (8.9%)
HDFC Bank Ltd (8.2%)
HDFC Bank Ltd (7.5%)
No of Sectors
10
10
11
Top 5 Sectors Concentration
70.5%
72.8%
72.3%
Sector having highest exposure
Financial Services (31.8%)
Financial Services (31.7%)
Financial Services (29.1%)
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Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Largecap Fund Direct Growth, since 7 June 2021
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

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 24.9% growth in AUM moving from 346.87 Cr to 433.4 Cr.
Insights icon
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.84% return, outperforming this fund by 4.75% per annum.
Insights icon
This fund expense ratio is slightly on the higher side within the category (large-cap). Its expense ratio is 1.58% which is higher than the category average expense ratio of 0.76%.
Insights icon
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 22.06% return, outperforming this fund by 9.08% per annum.
Insights icon
In the last 1 year, Invesco India largecap Fund Direct Plan Growth has given 32.92% return, outperforming this fund by 11.44%.

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 12.93% since inception which is less than its category average return of 13.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.55% in Equity, 0% in Debt and 2.45% in Cash related instruments
AUM size ₹433 Cr

AUM size ₹433 Cr

This fund has AUM of ₹433 Cr which is less than its category average of ₹ 7029 Cr
Expense Ratio 1.58%

Expense Ratio 1.58%

This fund has an expense ratio of 1.58% which is more than its category average expense ratio of 1.3%

Frequently Asked Questions for Union Largecap Fund Direct Growth

The current NAV of Union Largecap Fund Direct Growth is ₹25.26 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Union Largecap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.32%
4.32%
6 Month Returns
4.76%
4.76%
1 Year Returns
21.48%
21.48%
3 Years Returns
44.23%
12.98%
5 Years Returns
120.07%
17.09%
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1.58% as on November 2024
₹433 Cr as on November 2024
HDFC Bank Ltd(9.64%), ICICI Bank Ltd(7.78%), Infosys Ltd(5.31%), Reliance Industries Ltd(4.96%), Larsen & Toubro Ltd(3.92%) as on November 2024
Financial Services(31.35%), Tech(13.42%), Consumer Cyclical(10.24%) as on November 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
0.24
-1.64
-0.62
As on November 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
0.81
0.91
0.95
As on November 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
1.26
0.56
0.65
As on November 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
10.65
12.17
17.9
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 0.91 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar is the fund manager of Union Largecap Fund Direct Growth
The Exit load of Union Largecap Fund Direct Growth is 1%