Union Equity Savings Fund Direct Growth

Union Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 6 August, 2018. The fund is managed by Sanjay Bembalkar. This fund gives you the benefit of diversification.

1. Union Equity Savings Fund Direct Growth has ₹138 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 1.5.
   

Union Equity Savings Fund Direct Growth has given a CAGR return of 8.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.67%, 10.18% and 9.72% respectively.

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

As it is a equity savings 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To seek capital appreciation and/or to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments. However, there is no assurance that the Investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Equity Savings Fund Direct Growth has no lock in period.