Hybrid
Direct
Children
NAV as on 03-12-2024
₹ 12.44
▲0.7%
1D
Inception Returns
23.4%
/yr
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.
Union Children's Fund Direct Growth has given a CAGR return of 23.40% since inception.
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.
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 benefitGains 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 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 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
Expense ratio | 0.86% |
Benchmark | S&P BSE 500 |
AUM | ₹59 Cr |
Inception Date | 19 December, 2023 |
Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 0% |
Lock In | 5 Years |
TurnOver | 33.24% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (03-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
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% |
AAA | 100 |