Union Largecap Fund Direct Reinvestment of Income Distribution cum capital withdrawal

Union Largecap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 17 May, 2017. The fund is managed by Sanjay Bembalkar, Pratik Dharmshi. The fund could potentially beat inflation in the long-run.

1. Union Largecap Fund Direct Reinvestment of Income Distribution cum capital withdrawal has ₹447 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 1.5.
   

Union Largecap Fund Direct Reinvestment of Income Distribution cum capital withdrawal has given a CAGR return of 11.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -1.18%, 13.28% and 17.90% respectively.

Union Largecap Fund Direct Reinvestment of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Energy, Basic Materials, Consumer Defensive, Communication, Health, Utilities, Government, Corporate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd

As it is a large-cap mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to seek to generate capital appreciation by investing in a portfolio of select equity and equity linked securities of large cap companies. However, there can be 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 Largecap Fund Direct Reinvestment of Income Distribution cum capital withdrawal has no lock in period.