Union Flexi Cap Fund Direct Growth
Equity
Direct
Flexi Cap
NAV as on 22-11-2024
₹ 54.34
1D
Inception Returns
14.3%
/yr
About Union Flexi Cap Fund Direct Growth
Union Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Flexi Cap Fund Direct Growth has ₹1757 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
Union Flexi Cap Fund Direct Growth has given a CAGR return of 14.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.13%, 12.84% and 19.89% respectively.
Holdings
Union Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Consumer Cyclical, Health, Basic Materials, Communication, Consumer Defensive, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Bharti Airtel Ltd, Reliance Industries Ltd
Taxation
As it is a flexi cap mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Union Flexi Cap Fund Direct Growth
The investment objective of the Scheme is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities across market capitalisation. However, there can be 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. Union Flexi Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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332 people have invested ₹ 33.1L in Union Flexi Cap Fund Direct Growth in the last three months
INDmoney Rank for Union Flexi Cap Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Union Flexi Cap Fund Direct Growth Overview
| Expense ratio | 0.88% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹1757 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 152.03% |
| 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 |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
59.8%
Mid cap
19.8%
Small cap
17.3%
Sector Allocation
Financial Services
25%
Tech
14.8%
Industrial
13.8%
Consumer Cyclical
13%
Health
9.8%
Basic Materials
6.9%
Communication
5.3%
Consumer Defensive
4.5%
Energy
3.6%
Utilities
2.2%
Real Estate
1.1%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.20% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.32% in Oct'24
- AUM of the fund stands at 1.8K Cr as of Oct'24
- AUM increased by 93.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.15% to 5.98%
Larsen & Toubro Ltd's allocation increased from 1.79% to 2.19%
ICICI Bank Ltd's allocation increased from 5.48% to 5.87%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 3.53 % to 3.48 %
Bharti Airtel Ltd's allocation decreased from 3.38 % to 3.36 %
Reliance Industries Ltd's allocation decreased from 3.01 % to 2.86 %
Large Cap allocation has gone down from 60.5% to 59.8%
Small Cap allocation has gone down from 17.6% to 17.3%
Mid Cap allocation has gone up from 17.4% to 19.8%
Cash allocation has gone down from 4.5% to 3.2%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech
Oct'24
Financial Services
25%
Tech
15%
Industrial
14%
Sep'24
Financial Services
23%
Consumer Cyclical
14%
Tech
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.98% | 9.9% | |
 ICICI Bank Ltd | 5.87% | 0% | |
 Infosys Ltd | 3.48% | 0% | |
 Bharti Airtel Ltd | 3.36% | 0% | |
 Reliance Industries Ltd | 2.86% | 0% |
See all
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Sanjay Bembalkar
Fund Manager of Union Flexi Cap Fund Direct Growth, since 25 January 2023
Top funds managed
Hardick Bora
Fund Manager of Union Flexi Cap Fund Direct Growth, since 5 January 2021
Top funds managed
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
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 66.8% growth in AUM moving from 1.05K Cr to 1.75K Cr.
In the last 1 year, Motilal Oswal Flexicap Fund Direct Plan Growth has given 46.98% return, outperforming this fund by 25.85%.
In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 31.41% return, outperforming this fund by 11.52% per annum.
This fund expense ratio is slightly on the lower side within the category (flexi cap). Its expense ratio is 0.88% which is lower than the category average expense ratio of 1.16%.
In the last 3 years, JM Flexicap Fund (Direct) Growth Option has given 24.82% return, outperforming this fund by 11.98% per annum.
Union Flexi Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.31% since inception which is less than its category average return of 18.53%
Fund Allocations
This fund has an allocation of 96.85% in Equity, 0% in Debt and 3.15% in Cash related instruments
AUM size ₹1757 Cr
This fund has AUM of ₹1757 Cr which is less than its category average of ₹ 8754 Cr
Expense Ratio 0.88%
This fund has an expense ratio of 0.88% which is less than its category average expense ratio of 1.34%
Frequently Asked Questions for Union Flexi Cap Fund Direct Growth
The current NAV of Union Flexi Cap Fund Direct Growth is ₹54.34 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Union Flexi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.83% | -4.83% |
6 Month Returns | 3.91% | 3.91% |
1 Year Returns | 21.13% | 21.13% |
3 Years Returns | 43.69% | 12.84% |
5 Years Returns | 147.7% | 19.89% |
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0.88% as on October 2024
₹1757 Cr as on October 2024
HDFC Bank Ltd(5.98%), ICICI Bank Ltd(5.87%), Infosys Ltd(3.48%), Bharti Airtel Ltd(3.36%), Reliance Industries Ltd(2.86%) as on October 2024
Financial Services(24.26%), Tech(14.32%), Industrial(13.41%) as on October 2024
The alpha ratio for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Flexi Cap Fund Direct Growth | 0.81 | 0.13 | 1.74 |
As on October 2024
The alpha for Union Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Flexi Cap Fund Direct Growth | 0.83 | 0.86 | 0.91 |
As on October 2024
The Beta for Union Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Flexi Cap Fund Direct Growth | 1.89 | 0.69 | 0.86 |
As on October 2024
The sharpe ratio for Union Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Flexi Cap Fund Direct Growth | 11.44 | 12.25 | 17.78 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.18 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Flexi Cap Fund Direct Growth
The Exit load of Union Flexi Cap Fund Direct Growth is 1%