Union Large & Midcap Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 26-12-2024
₹ 27.2
▲0.3%
1D
Inception Returns
21.9%
/yr
About Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 13 December, 2019. The fund is managed by Pratik Dharmshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Large & Midcap Fund Direct Growth has ₹847 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
Union Large & Midcap Fund Direct Growth has given a CAGR return of 21.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 23.36%, 16.44% and 22.08% respectively.
Holdings
Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Basic Materials, Communication, Consumer Defensive, Energy, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, State Bank of India, Coforge Ltd
Taxation
As it is a large & mid-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 Large & Midcap Fund Direct Growth
The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. 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 Large & Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
89 people have invested ₹ 8.8L in Union Large & Midcap Fund Direct Growth in the last three months
INDmoney Rank for Union Large & Midcap 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 Large & Midcap Fund Direct Growth Overview
| Expense ratio | 0.94% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹847 Cr |
| Inception Date | 13 December, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 128.84% |
| 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 (26-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
45.8%
Mid cap
41%
Small cap
10.2%
Sector Allocation
Financial Services
24.3%
Industrial
20.1%
Consumer Cyclical
14.4%
Tech
13.8%
Health
6.8%
Basic Materials
6.4%
Communication
4%
Consumer Defensive
3.8%
Energy
2.7%
Utilities
1.9%
Real Estate
1.8%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.99% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -0.60% as on Nov'24
- This fund outperformed NIFTY 500 by 1.58% in Nov'24
- AUM of the fund stands at 847.3 Cr as of Nov'24
- AUM increased by 13.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 4% to 5.51%
Mahindra & Mahindra Ltd's allocation increased from 0.47% to 1.28%
Larsen & Toubro Ltd's allocation increased from 0.99% to 1.64%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 4.21 % to 4.17 %
Max Financial Services Ltd's allocation decreased from 2.05 % to 2.04 %
ITC Ltd's allocation decreased from 1.99 % to 1.91 %
Large Cap allocation has gone up from 44.8% to 45.8%
Small Cap allocation has gone down from 10.5% to 10.2%
Mid Cap allocation has gone down from 42.4% to 41%
Cash allocation has gone down from 2.3% to 1.9%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
24%
Industrial
20%
Consumer Cyclical
14%
Oct'24
Financial Services
23%
Industrial
19%
Consumer Cyclical
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.51% | 35.4% | |
 ICICI Bank Ltd | 4.17% | 0% | |
 Infosys Ltd | 2.47% | 0% | |
 State Bank of India | 2.19% | 15.1% | |
 Coforge Ltd | 2.05% | 11.1% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 9.1% |
 Info Edge (India) Ltd | 5.8% |
 Zomato Ltd | 0.6% |
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Pratik Dharmshi
Fund Manager of Union Large & Midcap Fund Direct Growth, since 9 December 2024
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 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 50.35% return, outperforming this fund by 26.8%.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 30.18% return, outperforming this fund by 14.03% per annum.
This fund expense ratio is slightly on the lower side within the category (large & mid-cap). Its expense ratio is 0.94% which is lower than the category average expense ratio of 1.2%.
In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 28.88% return, outperforming this fund by 7.06% per annum.
Union Large & Midcap 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 21.9% since inception which is more than its category average return of 16.56%
Fund Allocations
This fund has an allocation of 98.11% in Equity, 0% in Debt and 1.89% in Cash related instruments
AUM size ₹847 Cr
This fund has AUM of ₹847 Cr which is less than its category average of ₹ 7410 Cr
Expense Ratio 0.94%
This fund has an expense ratio of 0.94% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for Union Large & Midcap Fund Direct Growth
The current NAV of Union Large & Midcap Fund Direct Growth is ₹27.2 as on 26-Dec-2024.
Existing (Absolute + CAGR) as on 26-Dec-2024.
Union Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.49% | 2.49% |
6 Month Returns | 3.5% | 3.5% |
1 Year Returns | 23.36% | 23.36% |
3 Years Returns | 57.86% | 16.44% |
5 Years Returns | 171.19% | 22.08% |
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0.94% as on November 2024
₹847 Cr as on November 2024
HDFC Bank Ltd(5.51%), ICICI Bank Ltd(4.17%), Infosys Ltd(2.47%), State Bank of India(2.19%), Coforge Ltd(2.05%) as on November 2024
Financial Services(23.8%), Industrial(19.74%), Consumer Cyclical(14.13%) as on November 2024
The alpha ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Large & Midcap Fund Direct Growth | 2.95 | 0.86 | - |
As on November 2024
The alpha for Union Large & Midcap Fund Direct Growth is calculated against S&P BSE 200 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 Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Large & Midcap Fund Direct Growth | 0.78 | 0.89 | - |
As on November 2024
The Beta for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 200 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 Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Large & Midcap Fund Direct Growth | 1.56 | 0.75 | - |
As on November 2024
The sharpe ratio for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 200 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 Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Large & Midcap Fund Direct Growth | 10.68 | 12.99 | - |
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 1.24 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Pratik Dharmshi is the fund manager of Union Large & Midcap Fund Direct Growth
The Exit load of Union Large & Midcap Fund Direct Growth is 1%