Union Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 13.39 as on 16-05-2024
About the Fund
Union Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 27 February, 2019. The fund is managed by Vishal Thakker, Devesh Thacker. This fund gives you the benefit of diversification.
Key Parameters
- Union Arbitrage Fund Direct Growth has ₹179 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Fund Performance
1 people have invested ₹ 10K in Union Arbitrage Fund Direct Growth in the last three months
Overview
 | 0.41% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹179 Cr |
 | 27 February, 2019 |
 | ₹1000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 300.84% |
Union Arbitrage Fund Direct Growth Distribution as on (30-Apr-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
94.4%
Corporate
3.7%
Government
1.9%
Top Holdings of Union Arbitrage Fund Direct Growth as on (30-Apr-24)
Equity Holdings103
Debt Holdings2
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 179.4 Cr as of Apr'24
- AUM increased by 23 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.14% return, outperforming this fund by 0.49% per annum.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.52% return, outperforming this fund by 0.3%.
This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.41% which is lower than the category average expense ratio of 0.7%.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.59% return, outperforming this fund by 0.64% per annum.
Over the last 6 months, this fund has experienced a 73.4% growth in AUM moving from 103.42 Cr to 179.35 Cr.
Peer Analysis
Fund Manager
Vishal Thakker
Fund Manager of Union Arbitrage Fund Direct Growth, since 27 February 2019
Top funds managed
Devesh Thacker
Fund Manager of Union Arbitrage Fund Direct Growth, since 27 February 2019
Top funds managed
Union Arbitrage Fund Direct Growth Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 5.7% since inception which is more than its category average return of 5.19%
AUM size ₹179 Cr
This fund has AUM of ₹179 Cr which is less than its category average of ₹ 6327 Cr
Expense Ratio 0.41%
This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Union Arbitrage Fund Direct Growth is ₹13.39 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Union Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 4.04% | 4.04% |
1 Year Returns | 8.22% | 8.22% |
3 Years Returns | 18.91% | 5.94% |
5 Years Returns | 31.61% | 5.65% |
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.
0.41% as on April 2024
₹179 Cr as on April 2024
Union Liquid Dir Gr(12.99%), HDFC Bank Ltd(3.36%), Reliance Industries Ltd(2.9%), Kotak Mahindra Bank Ltd(2.39%), Max Financial Services Ltd(1.94%) as on April 2024
Cash Equivalent(94.81%), Corporate(3.72%), Government(1.91%) as on April 2024
AAA | 100 |
Vishal Thakker, Devesh Thacker are the fund managers of Union Arbitrage Fund Direct Growth
The Exit load of Union Arbitrage Fund Direct Growth is 0.25%