Union Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV as on 23-12-2024
₹ 26.91
1D
Inception Returns
20.2%
/yr
About Union Focused Fund Direct Growth
Union Focused Fund Direct Growth is an equity fund. This fund was started on 13 August, 2019. The fund is managed by Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Focused Fund Direct Growth has ₹423 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.5.
Returns
Union Focused Fund Direct Growth has given a CAGR return of 20.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.11%, 14.71% and 18.70% respectively.
Holdings
Union Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Health, Consumer Cyclical, Communication, Consumer Defensive, Utilities, Energy, Basic Materials. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Info Edge (India) Ltd, Larsen & Toubro Ltd
Taxation
As it is a focused fund 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 Focused Fund Direct Growth
The investment objective of the scheme is to seek to generate capital appreciation by investing in a portfolio of select equity and equity linked securities across market caps. 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 Focused Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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44 people have invested ₹ 6.4L in Union Focused Fund Direct Growth in the last three months
INDmoney Rank for Union Focused 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 Focused Fund Direct Growth Overview
| Expense ratio | 1.51% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹423 Cr |
| Inception Date | 13 August, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 154.83% |
| STCG | Selling mutual fund 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 (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
62.3%
Mid cap
17.6%
Small cap
14%
Sector Allocation
Financial Services
22.2%
Industrial
16.1%
Tech
15%
Health
10.2%
Consumer Cyclical
9.7%
Communication
9.3%
Consumer Defensive
8%
Utilities
3.7%
Energy
3.6%
Basic Materials
2.1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 2.19% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 2.79% in Nov'24
- AUM of the fund stands at 415.7 Cr as of Nov'24
- AUM decreased by 13.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Larsen & Toubro Ltd's allocation increased from 3.05% to 3.94%
HDFC Bank Ltd's allocation increased from 7.43% to 8.06%
HCL Technologies Ltd's allocation increased from 3.4% to 3.88%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 8.35 % to 8.25 %
Varun Beverages Ltd's allocation decreased from 5.26 % to 3.88 %
Bharti Airtel Ltd's allocation decreased from 3.85 % to 3.81 %
Large Cap allocation has gone down from 64.2% to 62.3%
Small Cap allocation has gone up from 13.4% to 14%
Mid Cap allocation has gone up from 17% to 17.6%
Cash allocation has gone up from 5.3% to 6.1%
Top 3 Sectors in November were Financial Services, Tech & Industrial
Nov'24
Financial Services
22%
Industrial
16%
Tech
15%
Oct'24
Financial Services
24%
Tech
14%
Industrial
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.25% | 0% | |
 HDFC Bank Ltd | 8.06% | 6.8% | |
 Infosys Ltd | 6.82% | 0% | |
 Info Edge (India) Ltd | 4.92% | 0% | |
 Larsen & Toubro Ltd | 3.94% | 28% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 22.7% |
 Info Edge (India) Ltd | 15.7% |
 Garware Hi Tech Films Ltd | 14% |
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Sanjay Bembalkar
Fund Manager of Union Focused Fund Direct Growth, since 25 January 2023
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹23.28K Cr
as on 29-Nov-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
In the last 5 years, ICICI Prudential Focused Equity Fund Direct Plan Growth has given 25.47% return, outperforming this fund by 6.77% per annum.
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 27.59% return, outperforming this fund by 12.88% per annum.
In the last 1 year, Invesco India Focused Fund Direct Growth has given 47.46% return, outperforming this fund by 27.36%.
Union Focused 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 20.18% since inception which is more than its category average return of 16.92%
Fund Allocations
This fund has an allocation of 93.93% in Equity, 0% in Debt and 6.07% in Cash related instruments
AUM size ₹423 Cr
This fund has AUM of ₹423 Cr which is less than its category average of ₹ 4714 Cr
Expense Ratio 1.51%
This fund has an expense ratio of 1.51% which is more than its category average expense ratio of 1.47%
Frequently Asked Questions for Union Focused Fund Direct Growth
The current NAV of Union Focused Fund Direct Growth is ₹26.91 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Union Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.63% | 3.63% |
6 Month Returns | 4.03% | 4.03% |
1 Year Returns | 20.11% | 20.11% |
3 Years Returns | 50.93% | 14.71% |
5 Years Returns | 135.68% | 18.7% |
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1.51% as on November 2024
₹423 Cr as on November 2024
ICICI Bank Ltd(8.25%), HDFC Bank Ltd(8.06%), Infosys Ltd(6.82%), Info Edge (India) Ltd(4.92%), Larsen & Toubro Ltd(3.94%) as on November 2024
Financial Services(20.81%), Industrial(15.1%), Tech(14.12%) as on November 2024
The alpha ratio for the Union Focused Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Focused Fund Direct Growth | 0.72 | -0.86 | 0.97 |
As on November 2024
The alpha for Union Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Focused Fund Direct Growth | 0.72 | 0.79 | 0.86 |
As on November 2024
The Beta for Union Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Focused Fund Direct Growth | 1.35 | 0.66 | 0.8 |
As on November 2024
The sharpe ratio for Union Focused 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 Focused Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Focused Fund Direct Growth | 10.24 | 11.33 | 17.13 |
As on November 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 1.12 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar is the fund manager of Union Focused Fund Direct Growth
The Exit load of Union Focused Fund Direct Growth is 1%