Union Multicap Fund Direct Growth

Union Multicap Fund Direct Growth

Equity

Direct

Multi-Cap

NAV as on 05-12-2024

₹ 16.49

0.6%

1D

Inception Returns

29%

/yr

About Union Multicap Fund Direct Growth

Union Multicap Fund Direct Growth is an equity fund. This fund was started on 19 December, 2022. The fund is managed by Sanjay Bembalkar, Harshad Patwardhan. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Multicap Fund Direct Growth has ₹1075 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Multicap Fund Direct Growth has given a CAGR return of 29.02% since inception. Over the last 1 year the fund has given a CAGR return of 28.03%.

Holdings

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

Taxation

As it is a multi-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 Multicap Fund Direct Growth

The investment objective of the Scheme is to achieve long term capital appreciation by investing in equity and equity related instruments of large, mid and small cap companies. 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 Multicap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
61 people have invested ₹ 9.4L in Union Multicap Fund Direct Growth in the last three months

Union Multicap Fund Direct Growth Overview

Expense ratio0.9%
Benchmark
S&P BSE 500 India TR INR
AUM₹1075 Cr
Inception Date19 December, 2022
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
147.27%
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 (05-Dec-24)

Period
Union Multicap Fund Direct Growth
Nifty 500
multi-cap
1M
2.7%
2.6%
3.2%
3M
-0.5%
-2%
-0.6%
6M
15%
10.6%
14.4%
1Y
28%
25.2%
32%

Fund Distribution

as on (31-Oct-24)

  • Equity 96.6%

  • Debt & Cash 3.4%

Large cap
43.3%

Small cap
27.1%

Mid cap
26.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
20.1%
Financial Services
19.5%
Consumer Cyclical
17.1%
Tech
14%
Health
9%
Basic Materials
5.8%
Communication
4.9%
Utilities
3%
Energy
2.9%
Consumer Defensive
2.5%
Real Estate
1.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.14%
2.48%
2.54%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -5.14% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 1.38% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.1K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Larsen & Toubro Ltd's allocation increased from 0.91% to 1.67%
Larsen & Toubro Ltd's allocation increased from 0.91% to 1.67%
HCL Technologies Ltd's allocation increased from 1.1% to 1.85%
HCL Technologies Ltd's allocation increased from 1.1% to 1.85%
Tech Mahindra Ltd's allocation increased from 0.74% to 1.26%
Tech Mahindra Ltd's allocation increased from 0.74% to 1.26%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 2.84 % to 2.75 %
Infosys Ltd's allocation decreased from 2.84 % to 2.75 %
Reliance Industries Ltd's allocation decreased from 2.44 % to 2.28 %
Reliance Industries Ltd's allocation decreased from 2.44 % to 2.28 %
ITC Ltd's allocation decreased from 1.86 % to 1.82 %
ITC Ltd's allocation decreased from 1.86 % to 1.82 %
Mid Cap allocation has gone down from 27.7% to 26.2%
Mid Cap allocation has gone down from 27.7% to 26.2%
Large Cap allocation has gone up from 42.8% to 43.3%
Large Cap allocation has gone up from 42.8% to 43.3%
Small Cap allocation has gone up from 25.9% to 27.1%
Small Cap allocation has gone up from 25.9% to 27.1%
Cash allocation has gone down from 3.6% to 3.4%
Cash allocation has gone down from 3.6% to 3.4%

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

Oct'24
Industrial
20%
Financial Services
20%
Consumer Cyclical
17%
Sep'24
Financial Services
19%
Industrial
17%
Consumer Cyclical
17%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
91
92
89
Top 5 Company Concentration
15.3%
15.1%
15.3%
Company having highest exposure
HDFC Bank Ltd (4.6%)
HDFC Bank Ltd (4.2%)
HDFC Bank Ltd (4.4%)
No of Sectors
11
11
12
Top 5 Sectors Concentration
79.7%
74%
76%
Sector having highest exposure
Industrial (20.1%)
Financial Services (19.3%)
Financial Services (19.2%)
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Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Multicap Fund Direct Growth, since 19 December 2022
Harshad Patwardhan
Harshad Patwardhan
Fund Manager of Union Multicap Fund Direct Growth, since 1 November 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Business Cycle Fund Direct Growth
0%
--
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

Union Multicap 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 29.02% since inception which is more than its category average return of 16.6%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.61% in Equity, 0% in Debt and 3.39% in Cash related instruments
AUM size ₹1075 Cr

AUM size ₹1075 Cr

This fund has AUM of ₹1075 Cr which is less than its category average of ₹ 3858 Cr
Expense Ratio 0.9%

Expense Ratio 0.9%

This fund has an expense ratio of 0.9% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions for Union Multicap Fund Direct Growth

The current NAV of Union Multicap Fund Direct Growth is ₹16.49 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Union Multicap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.74%
2.74%
6 Month Returns
14.99%
14.99%
1 Year Returns
28.03%
28.03%
3 Years Returns
0%
0%
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.
0.9% as on November 2024
₹1075 Cr as on November 2024
HDFC Bank Ltd(4.62%), ICICI Bank Ltd(3.81%), Infosys Ltd(2.75%), Reliance Industries Ltd(2.28%), HCL Technologies Ltd(1.85%) as on November 2024
Industrial(19.41%), Financial Services(18.88%), Consumer Cyclical(16.55%) as on November 2024
The alpha ratio for the Union Multicap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Multicap Fund Direct Growth
2.76
-
-
As on November 2024
The alpha for Union Multicap Fund Direct Growth is calculated against S&P BSE 500 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Multicap Fund Direct Growth
0.78
-
-
As on November 2024
The Beta for Union Multicap Fund Direct Growth is calculated with S&P BSE 500 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Multicap Fund Direct Growth
1.7
-
-
As on November 2024
The sharpe ratio for Union Multicap Fund Direct Growth is calculated with S&P BSE 500 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Multicap Fund Direct Growth
10.76
-
-
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.
Sanjay Bembalkar, Harshad Patwardhan are the fund managers of Union Multicap Fund Direct Growth
The Exit load of Union Multicap Fund Direct Growth is 1%