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>Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal
Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal
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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 44.9 as on 03-02-2023
Fund Performance
Fund Performance as on (19-Jan-23)
About the Fund
Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal has a NAV of ₹44.92 as on 03-02-2023.
2) Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 | ₹0/₹0 |
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 Reinvestment of Income Distribution cum capital withdrawal, since 25 January 2023
Top funds managed
Sanjay Bembalkar
Fund Manager of Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal, 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 12.97% since inception which is more than its category average return of 12.94%
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 ₹ 2677 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 Reinvestment of Income Distribution cum capital withdrawal is 44.92 as on 03-Feb-2023.
Existing (Absolute + CAGR)
Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | -2.24% | -2.24% |
6 Month Returns | 2.49% | 2.49% |
1 Year Returns | 2% | 2% |
3 Years Returns | 68.68% | 19.04% |
5 Years Returns | 80.98% | 12.6% |
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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 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 Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal | -0.22 | 1.96 | 1.2 |
As on January 2023
The alpha for Union Long Term Equity Fund Direct Plan 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 Long Term Equity Fund Direct Plan 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 Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal | 0.87 | 0.93 | 0.94 |
As on January 2023
The Beta for Union Long Term Equity Fund Direct Plan 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 Long Term Equity Fund Direct Plan 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 Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal | -0.15 | 0.68 | 0.42 |
As on January 2023
The sharpe ratio for Union Long Term Equity Fund Direct Plan 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 Long Term Equity Fund Direct Plan 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 Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal | 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 Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Union Long Term Equity Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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.