Union Large & Midcap Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 22-11-2024
₹ 26.17
▲1.5%
1D
Inception Returns
21.4%
/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 Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Large & Midcap Fund Direct Growth has ₹834 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 Large & Midcap Fund Direct Growth has given a CAGR return of 21.40% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 25.34% and 14.71% 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 ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Max Financial Services Ltd, ITC 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
▲
▼
90 people have invested ₹ 7.4L in Union Large & Midcap Fund Direct Growth in the last three months
INDmoney Rank for Union Large & Midcap Fund Direct Growth
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3Y returns in the bottom 25% of the category
Union Large & Midcap Fund Direct Growth Overview
| Expense ratio | 0.89% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹834 Cr |
| Inception Date | 13 December, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 128.84% |
| 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
44.8%
Mid cap
42.4%
Small cap
10.5%
Sector Allocation
Financial Services
22.6%
Industrial
19.3%
Consumer Cyclical
13%
Tech
12.6%
Health
9.4%
Basic Materials
7.3%
Communication
4.7%
Consumer Defensive
4%
Energy
2.8%
Utilities
2.6%
Real Estate
1.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.75% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
- This fund outperformed NIFTY 500 by 0.77% in Oct'24
- AUM of the fund stands at 833.9 Cr as of Oct'24
- AUM decreased by 46.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ITC Ltd's allocation increased from 1.24% to 1.99%
NTPC Ltd's allocation increased from 0.5% to 1.22%
Max Financial Services Ltd's allocation increased from 1.54% to 2.05%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 4.17 % to 4 %
Infosys Ltd's allocation decreased from 2.63 % to 2.37 %
Shriram Finance Ltd's allocation decreased from 2.32 % to 1.79 %
Small Cap allocation has gone down from 10.7% to 10.5%
Mid Cap allocation has gone up from 40.8% to 42.4%
Large Cap allocation has gone down from 45.8% to 44.8%
Cash allocation has gone down from 2.7% to 2.3%
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Oct'24
Financial Services
23%
Industrial
19%
Consumer Cyclical
13%
Sep'24
Financial Services
23%
Industrial
19%
Consumer Cyclical
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 4.21% | 0% | |
 HDFC Bank Ltd | 4% | -9.4% | |
 Infosys Ltd | 2.37% | -8.9% | |
 Max Financial Services Ltd | 2.05% | 16.7% | |
 ITC Ltd | 1.99% | 60.7% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
 Max Healthcare Institute Ltd | 4.9% |
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Sanjay Bembalkar
Fund Manager of Union Large & Midcap Fund Direct Growth, since 25 January 2023
Top funds managed
Hardick Bora
Fund Manager of Union Large & Midcap Fund Direct Growth, since 17 December 2019
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
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 21.4% since inception which is more than its category average return of 15.83%
Fund Allocations
This fund has an allocation of 97.73% in Equity, 0% in Debt and 2.27% in Cash related instruments
AUM size ₹834 Cr
This fund has AUM of ₹834 Cr which is less than its category average of ₹ 7239 Cr
Expense Ratio 0.89%
This fund has an expense ratio of 0.89% 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 ₹26.17 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Union Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.43% | -1.43% |
6 Month Returns | 6.04% | 6.04% |
1 Year Returns | 25.34% | 25.34% |
3 Years Returns | 50.92% | 14.71% |
5 Years Returns | 0% | 0% |
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0.89% as on October 2024
₹834 Cr as on October 2024
ICICI Bank Ltd(4.21%), HDFC Bank Ltd(4%), Infosys Ltd(2.37%), Max Financial Services Ltd(2.05%), ITC Ltd(1.99%) as on October 2024
Financial Services(22.08%), Industrial(18.91%), Consumer Cyclical(12.66%) as on October 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 | 2.9 | 1.34 | - |
As on October 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 | 0.83 | 0.88 | - |
As on October 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 | 1.94 | 0.71 | - |
As on October 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 | 11.92 | 13.05 | - |
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 1.17 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.06 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Large & Midcap Fund Direct Growth
The Exit load of Union Large & Midcap Fund Direct Growth is 1%