Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal

Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal

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Equity
Direct
Multi-Cap
NAV: ₹ 15.22 as on 13-06-2024

About the Fund

Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 19 December, 2022. The fund is managed by Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal has ₹893 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal has given a CAGR return of 0.00% since inception.

Holdings

Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Energy, Utilities, Communication, Real Estate, Consumer Defensive. Its top holdings are ICICI Bank Ltd, Reliance Industries Ltd, Maruti Suzuki India Ltd, HDFC Bank Ltd, Cummins India 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 Transfer of Income Distribution cum capital withdrawal

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 0.00 and for SIP is INR 0.00. Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.92%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹893 Cr
Inception Date
Inception Date
19 December, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
13.49%

Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal Distribution as on (30-Apr-24)

  • Equity 96.7%

  • Debt & Cash 3.4%

Size breakup

Large cap
39.3%
Small cap
27.3%
Mid cap
27.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
22.9%
Industrial
17.5%
Consumer Cyclical
16.3%
Tech
9.5%
Basic Materials
6.9%
Health
6%
Energy
5.9%
Utilities
4.4%
Communication
3.9%
Real Estate
3.9%
Consumer Defensive
2.9%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
5.44%
0.37%
0.89%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 5.44% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 2.97% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 832.5 Cr
₹ 832.5 Cr
₹ 838.7 Cr
  • AUM of the fund stands at 832.5 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal as on (31-May-24)

  • Equity

  • Debt & Cash

Equity Holdings78
Debt Holdings1

Fund Manager

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal, since 19 December 2022
Hardick Bora
Hardick Bora
Fund Manager of Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal, since 25 January 2023

Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 96.65% in Equity, 0% in Debt and 3.35% in Cash related instruments
AUM size ₹893 Cr

AUM size ₹893 Cr

This fund has AUM of ₹893 Cr which is less than its category average of ₹ 3330 Cr
Expense Ratio 0.92%

Expense Ratio 0.92%

This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal is ₹15.22 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.92% as on May 2024
₹893 Cr as on May 2024
ICICI Bank Ltd(3.67%), Reliance Industries Ltd(3.21%), Maruti Suzuki India Ltd(3.18%), HDFC Bank Ltd(3.14%), Cummins India Ltd(2.63%) as on May 2024
Financial Services(22.16%), Industrial(16.88%), Consumer Cyclical(15.73%) as on May 2024
The alpha ratio for the Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal
4.55
-
-
As on May 2024
The alpha for Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal 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 Transfer of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal
0.75
-
-
As on May 2024
The Beta for Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal 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 Transfer 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 Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal
2.88
-
-
As on May 2024
The sharpe ratio for Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal 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 Transfer 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 Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal
9.24
-
-
As on May 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, Hardick Bora are the fund managers of Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal
The Exit load of Union Multicap Fund Direct Transfer of Income Distribution cum capital withdrawal is 1%