Union Innovation & Opportunities Fund Direct Growth
Equity
Direct
Global - Other
NAV as on 22-11-2024
₹ 14.17
1D
Inception Returns
31.9%
/yr
About Union Innovation & Opportunities Fund Direct Growth
Union Innovation & Opportunities Fund Direct Growth is an equity fund. This fund was started on 6 September, 2023. The fund is managed by Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Innovation & Opportunities Fund Direct Growth has ₹848 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Union Innovation & Opportunities Fund Direct Growth has given a CAGR return of 31.90% since inception. Over the last 1 year the fund has given a CAGR return of 37.19%.
Holdings
Union Innovation & Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Consumer Cyclical, Industrial, Communication, Basic Materials, Financial Services, Health, Utilities, Real Estate, Consumer Defensive. Its top holdings are Info Edge (India) Ltd, Zomato Ltd, Dixon Technologies (India) Ltd, Ami Organics Ltd, Trent Ltd
Taxation
As it is a global - other 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 Innovation & Opportunities Fund Direct Growth
The investment objective of the Scheme is to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.. 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. Union Innovation & Opportunities Fund Direct Growth has no lock in period.
Historical NAV & Returns
Union Innovation & Opportunities Fund Direct Growth Overview
| Expense ratio | 0.71% |
Benchmark | NIFTY 500 Index TR IDR |
| AUM | ₹848 Cr |
| Inception Date | 6 September, 2023 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 40.73% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Top Growth Drivers | 1M Return |
|---|---|
 Cartrade Tech Ltd | 30.5% |
 Ami Organics Ltd | 28.6% |
 S J S Enterprises Ltd | 0.6% |
Union Innovation & Opportunities Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹848 Cr
Expense Ratio 0.71%
Frequently Asked Questions for Union Innovation & Opportunities Fund Direct Growth
Union Innovation & Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.45% | -3.45% |
6 Month Returns | 17.09% | 17.09% |
1 Year Returns | 37.19% | 37.19% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Innovation & Opportunities Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Innovation & Opportunities Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Innovation & Opportunities Fund Direct Growth | 2.6 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Innovation & Opportunities Fund Direct Growth | 12.67 | - | - |