Union Long Term Equity Fund Direct Plan Growth Option
Union Long Term Equity Fund Direct Plan Growth Option

Union Long Term Equity Fund Direct Plan Growth Option

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 45.1 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
72 people have invested ₹ 2.5L in mutual fund in the last three months

Fund Insights

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In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.99% return, outperforming this fund by 8.05%

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In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.17% return, outperforming this fund by 18.12% per annum

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In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 21.51% return, outperforming this fund by 8.77% per annum

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Over the last 1 year, this fund has decreased expense ratio by 7.5% moving from 1.73 to 1.60

INDmoney Rank

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IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.

Fund Performance as on (19-Jan-23)

Return
3M
6M
1Y
3Y
5Y
This Fund
-2.9%
1.6%
3.9%
18.1%
12.7%
Benchmark
2.2%
9.6%
-0.5%
15%
9.6%
Category
-2.9%
1.7%
1.6%
14.4%
9.9%
About the Fund

Union Long Term Equity Fund Direct Plan Growth Option is an equity fund. This fund was started on  1 January, 2013. The fund is managed by Hardick Bora, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.

Key parameters

1) Union Long Term Equity Fund Direct Plan Growth Option has a NAV of 45.11 as on 08-02-2023.

2) Union Long Term Equity Fund Direct Plan Growth Option has 594 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 1.6 %.

Fund Overview

Expense ratio
Expense ratio
1.6%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹594 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
71.8%

Fund Distribution as on (31-Dec-22)

  • Equity 97.1%
  • Debt & Cash 2.9%
Size breakup
Large cap
76.7%
Mid cap
14.4%
Small cap
6%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

32.4%

Tech

13.2%

Consumer Cyclical

10.2%

Basic Materials

9.1%

Consumer Defensive

8.7%

Industrial

8.1%

Energy

6.3%

Health

5.1%

Utilities

3.5%

Communication

3%

Real Estate

0.5%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings64
Debt Holdings2

What changed

in last one month
  • Scheme
  • Portfolio
AUM has remained same in the last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 594.2 Cr
Nov'22
₹ 594.2 Cr
Oct'22
₹ 575.9 Cr

Fund Returns vs Benchmark

Jan'23
3.72%
5.37%
Dec'22
2.59%
2.63%
Nov'22
3.72%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
66
66
64
Top 5 Company Concentration
31.2%
31.6%
30.4%
Company having highest exposure
HDFC Bank Ltd (7.4%)
ICICI Bank Ltd (7.5%)
ICICI Bank Ltd (7.4%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
71.4%
71.9%
69.5%
Sector having highest exposure
Financial Services (31.4%)
Financial Services (31.4%)
Financial Services (30%)

Winners & Losers as on (31-Dec-22)

Top Growth Drivers
1M Return
Varun Beverages Ltd
Varun Beverages Ltd
4.6%
Axis Bank Ltd
Axis Bank Ltd
3.3%

Fund Manager

Hardick Bora

Hardick Bora

Fund Manager of Union Long Term Equity Fund Direct Plan Growth Option, since 25 January 2023
Sanjay Bembalkar

Sanjay Bembalkar

Fund Manager of Union Long Term Equity Fund Direct Plan Growth Option, since 7 June 2021

AMC details

Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹10.68K Cr
as on 31-Dec-2022
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Email
investorcare@unionmf.com

Fund 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 12.99% since inception which is more than its category average return of 12.99%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.11% in Equity, 0% in Debt and 2.89% in Cash related instruments
AUM size ₹594 Cr

AUM size ₹594 Cr

This fund has AUM of ₹594 Cr which is less than its category average of ₹ 2668 Cr
Expense Ratio 1.6%

Expense Ratio 1.6%

This fund has an expense ratio of 1.6% which is more than its category average expense ratio of 1.57%

Frequently Asked Questions

The current NAV of Union Long Term Equity Fund Direct Plan Growth Option is 44.77 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Union Long Term Equity Fund Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
-0.75%
-0.75%
6 Month Returns
1.43%
1.43%
1 Year Returns
3.11%
3.11%
3 Years Returns
63.27%
17.75%
5 Years Returns
83.56%
12.92%
With INDmoney, the process of investing is very simple and involves zero commission.
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1.6 as on January 2023
594 Cr as on January 2023
HDFC Bank Ltd(7.4%),ICICI Bank Ltd(7.25%),Infosys Ltd(6.52%),Reliance Industries Ltd(5.76%),State Bank of India(4.25%) as on January 2023
Financial Services(31.44%),Tech(12.82%),Consumer Cyclical(9.87%) as on January 2023
The alpha ratio for the Union Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Long Term Equity Fund Direct Plan Growth Option
-0.22
1.96
1.2
As on January 2023
The alpha for Union Long Term Equity Fund Direct Plan Growth Option 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 Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Long Term Equity Fund Direct Plan Growth Option
0.87
0.93
0.94
As on January 2023
The Beta for Union Long Term Equity Fund Direct Plan Growth Option 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 Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Long Term Equity Fund Direct Plan Growth Option
-0.15
0.68
0.42
As on January 2023
The sharpe ratio for Union Long Term Equity Fund Direct Plan Growth Option 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 Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Long Term Equity Fund Direct Plan Growth Option
14.66
21.64
18.82
As on January 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 0.99 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.41 as on January 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Hardick Bora,Sanjay Bembalkar are the fund managers of Union Long Term Equity Fund Direct Plan Growth Option
The Exit load of Union Long Term Equity Fund Direct Plan Growth Option is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.