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
72 people have invested ₹ 2.5L in mutual fund in the last three months
Fund Insights
In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.99% return, outperforming this fund by 8.05%
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
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
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)
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 | 1.6% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹594 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 71.8% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
76.7%
Mid cap
14.4%
Small cap
6%
Sector Allocation
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 Holdings64
Debt Holdings2
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
HDFC Bank Ltd | 7.4% | 0% | |
ICICI Bank Ltd | 7.25% | 0% | |
Infosys Ltd | 6.52% | 0% | |
Reliance Industries Ltd | 5.76% | 0% | |
State Bank of India | 4.25% | 0% |
See all
What changed
in last one month
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)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Varun Beverages Ltd | 4.6% |
Axis Bank Ltd | 3.3% |
Top Losers | 1M Return |
|---|---|
Infosys Ltd | -9% |
Reliance Industries Ltd | -6.5% |
ICICI Bank Ltd | -5.2% |
Peer Analysis
Fund Manager
Hardick Bora
Fund Manager of Union Long Term Equity Fund Direct Plan Growth Option, since 25 January 2023
Top funds managed
Sanjay Bembalkar
Fund Manager of Union Long Term Equity Fund Direct Plan Growth Option, since 7 June 2021
Top funds managed
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
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 12.99% since inception which is more than its category average return of 12.99%
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
This fund has AUM of ₹594 Cr which is less than its category average of ₹ 2668 Cr
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% |
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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%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.