Union Children's Fund Direct Growth

Union Children's Fund Direct Growth

Hybrid

Direct

Children

NAV as on 03-12-2024

₹ 12.44

0.7%

1D

Inception Returns

23.4%

/yr

About Union Children's Fund Direct Growth

Union Children's Fund Direct Growth is a hybrid fund. This fund was started on 19 December, 2023. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. Union Children's Fund Direct Growth has ₹59 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Children's Fund Direct Growth has given a CAGR return of 23.40% since inception.

Holdings

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

Taxation

As it is a children 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Union Children's Fund Direct Growth

The investment objective of the Scheme is to generate long term capital appreciation 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 investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.

Minimum Investment and lockin period

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 Children's Fund Direct Growth of 5 Years

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
6 people have invested ₹ 11K in Union Children's Fund Direct Growth in the last three months

Union Children's Fund Direct Growth Overview

Expense ratio0.86%
Benchmark
S&P BSE 500
AUM₹59 Cr
Inception Date19 December, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock In5 Years
TurnOver
33.24%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (03-Dec-24)

Period
Union Children's Fund Direct Growth
Hybrid Equity Index
1M
1.3%
-
3M
-1.4%
-
6M
12.7%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 93.9%

  • Debt & Cash 6.1%

Large cap
51.8%

Mid cap
21.7%

Small cap
20.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
23.8%
Consumer Cyclical
15.7%
Industrial
14.8%
Tech
14.3%
Health
7.1%
Basic Materials
6.8%
Communication
6.3%
Energy
4.3%
Utilities
3.1%
Consumer Defensive
2.7%
Real Estate
1%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 60.2 Cr
₹ 60.2 Cr
₹ 57.7 Cr
  • AUM of the fund stands at 60.2 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
24%
Consumer Cyclical
16%
Industrial
15%
Sep'24
Financial Services
19%
Consumer Cyclical
17%
Industrial
17%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
74
74
68
Top 5 Company Concentration
22.1%
20.4%
20.8%
Company having highest exposure
HDFC Bank Ltd (7.2%)
HDFC Bank Ltd (6%)
HDFC Bank Ltd (6%)
No of Sectors
11
11
12
Top 5 Sectors Concentration
75.7%
75.1%
74.1%
Sector having highest exposure
Financial Services (23.8%)
Financial Services (19.3%)
Financial Services (19.4%)
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Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹22.24K Cr
as on 31-Oct-2024
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com

Union Children's Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 23.40% since inception (19th December 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 93.91% in Equity, 0% in Debt and 6.09% in Cash related instruments
AUM size ₹59 Cr

AUM size ₹59 Cr

This fund has AUM of ₹59 Cr which is less than its category average of ₹ 1721 Cr
Expense Ratio 0.86%

Expense Ratio 0.86%

This fund has an expense ratio of 0.86% which is less than its category average expense ratio of 1.7%

Frequently Asked Questions for Union Children's Fund Direct Growth

The current NAV of Union Children's Fund Direct Growth is ₹12.44 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Union Children's Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.31%
1.31%
6 Month Returns
12.69%
12.69%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.86% as on November 2024
₹59 Cr as on November 2024
HDFC Bank Ltd(7.22%), ICICI Bank Ltd(5.39%), Reliance Industries Ltd(3.46%), Infosys Ltd(3.15%), Bharti Airtel Ltd(2.89%) as on November 2024
Financial Services(22.35%), Consumer Cyclical(14.76%), Industrial(13.87%) as on November 2024
AAA
100
The Exit load of Union Children's Fund Direct Growth is 0%