Union Active Momentum Fund Direct Growth

Union Active Momentum Fund Direct Growth is an equity fund. This fund was started on 19 December, 2024. The fund is managed by Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.

1. Union Active Momentum Fund Direct Growth has ₹404 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 1.2.
   

Union Active Momentum Fund Direct Growth has given a CAGR return of -20.20% since inception.

Union Active Momentum Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Basic Materials, Industrial, Tech, Consumer Cyclical, Consumer Defensive, Energy, Communication. Its top holdings are BSE Ltd, Fortis Healthcare Ltd, Amber Enterprises India Ltd Ordinary Shares, Firstsource Solutions Ltd, Bajaj Finserv Ltd

As it is a equity - other 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 long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit relatively superior price momentum – based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly. The portfolio of stocks will be selected, weighted and rebalanced using proprietary screens.

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