Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal

Debt
Direct
Medium Duration
Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal

About the Fund

Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal is a debt fund. This fund was started on 14 September, 2020. The fund is managed by Anindya Sarkar. This fund is suitable to keep your money safe.

Key Parameters

  1. Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal has ₹239 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal has given a CAGR return of 5.00% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.03% and 5.06% respectively.

Holdings

Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2029, 7.1% Govt Stock 2034, HDFC Bank Limited, Power Finance Corporation Ltd., National Bank For Agriculture And Rural Development

Taxation

As it is a medium duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal

The investment objective of the Scheme is to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments. However, there is 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 Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.64%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹239 Cr
Inception Date14 September, 2020
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
88.56%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Government
51.9%
Corporate
37.7%
Cash Equivalent
10.4%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2029
7.1% Govt Stock 2029
23.89%
-99%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
9.59%
0%
HDFC Bank Limited
HDFC Bank Limited
9.58%
-99%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
9.57%
-99%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
9.54%
-99%

Anindya Sarkar
Anindya Sarkar
Fund Manager of Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 14 September 2020

Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5% since inception which is more than its category average return of 4.46%
AUM size ₹239 Cr

AUM size ₹239 Cr

This fund has AUM of ₹239 Cr which is less than its category average of ₹ 1500 Cr
Expense Ratio 0.64%

Expense Ratio 0.64%

This fund has an expense ratio of 0.64% which is less than its category average expense ratio of 0.94%

Frequently Asked Questions

The current NAV of Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal is ₹12.05 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
3.71%
3.71%
1 Year Returns
7.03%
7.03%
3 Years Returns
15.96%
5.06%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.64% as on June 2024
₹239 Cr as on June 2024
7.1% Govt Stock 2029(23.89%), 7.1% Govt Stock 2034(9.59%), HDFC Bank Limited(9.58%), Power Finance Corporation Ltd.(9.57%), National Bank For Agriculture And Rural Development(9.54%) as on June 2024
Government(62.45%), Corporate(28.71%), Cash Equivalent(8.84%) as on June 2024
Yield to Maturity is 7.35 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.68 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Anindya Sarkar is the fund manager of Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Union Medium Duration Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 1%