Union Retirement Fund Direct Growth

Hybrid
Direct
Retirement
Union Retirement Fund Direct Growth

About the Fund

Union Retirement Fund Direct Growth is a hybrid fund. This fund was started on 22 September, 2022. The fund is managed by Sanjay Bembalkar, Hardick Bora. This fund gives you the benefit of diversification.

Key Parameters

  1. Union Retirement Fund Direct Growth has ₹138 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

Union Retirement Fund Direct Growth has given a CAGR return of 28.43% since inception. Over the last 1 year the fund has given a CAGR return of 38.70%.

Holdings

Union Retirement Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Communication, Energy, Real Estate, Consumer Defensive, Health, Utilities, Government.

Taxation

As it is a retirement mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Union Retirement Fund Direct Growth

The investment objective of the Scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors. 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. There is a lock in period for Union Retirement Fund Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
40 people have invested ₹ 73.6K in Union Retirement Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.11%
Benchmark
S&P BSE 500 India TR INR
AUM₹138 Cr
Inception Date22 September, 2022
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock In5 Years
TurnOver
21.07%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.4%

  • Debt & Cash 3.6%

Large cap
52.6%

Small cap
22.3%

Mid cap
19.9%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
22.5%
Industrial
16.7%
Consumer Cyclical
14.1%
Basic Materials
10.2%
Tech
9.6%
Communication
6.2%
Energy
6%
Real Estate
4.9%
Consumer Defensive
4.2%
Health
3.2%
Utilities
2.4%
All changes are between Oct'69 and Dec'69

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Retirement Fund Direct Growth, since 22 September 2022
Hardick Bora
Hardick Bora
Fund Manager of Union Retirement Fund Direct Growth, since 25 January 2023

Union Retirement 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 28.43% since inception which is more than its category average return of 12.76%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.4% in Equity, 0.07% in Debt and 3.53% in Cash related instruments
AUM size ₹138 Cr

AUM size ₹138 Cr

This fund has AUM of ₹138 Cr which is less than its category average of ₹ 771 Cr
Expense Ratio 1.11%

Expense Ratio 1.11%

This fund has an expense ratio of 1.11% which is less than its category average expense ratio of 1.51%

Frequently Asked Questions

The current NAV of Union Retirement Fund Direct Growth is ₹15.5 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Union Retirement Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.55%
3.55%
6 Month Returns
18.84%
18.84%
1 Year Returns
38.7%
38.7%
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.
1.11% as on June 2024
₹138 Cr as on June 2024
HDFC Bank Ltd(6.48%), ICICI Bank Ltd(5.01%), Reliance Industries Ltd(4.83%), Larsen & Toubro Ltd(3.26%), Bharti Airtel Ltd(2.94%) as on June 2024
Financial Services(21.65%), Industrial(16.07%), Consumer Cyclical(13.6%) as on June 2024
AAA
100
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Retirement Fund Direct Growth
The Exit load of Union Retirement Fund Direct Growth is 0%