Union Retirement Fund Direct Growth

Union Retirement Fund Direct Growth is a hybrid fund. This fund was started on 22 September, 2022. The fund is managed by Pratik Dharmshi, Pratit Vajani. This fund gives you the benefit of diversification.

1. Union Retirement Fund Direct Growth has ₹175 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.
   

Union Retirement Fund Direct Growth has given a CAGR return of 17.76% since inception. Over the last 1 year the fund has given a CAGR return of 3.55%.

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

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 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).

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 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