Union Largecap Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 22-11-2024
₹ 24.07
▲2%
1D
Inception Returns
12.4%
/yr
About Union Largecap Fund Direct Growth
Union Largecap Fund Direct Growth is an equity fund. This fund was started on 17 May, 2017. The fund is managed by Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Largecap Fund Direct Growth has ₹433 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.6.
Returns
Union Largecap Fund Direct Growth has given a CAGR return of 12.39% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.06%, 11.38% and 16.20% respectively.
Holdings
Union Largecap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Consumer Defensive, Health, Energy, Basic Materials, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
Taxation
As it is a large-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 Largecap 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 of large 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 Largecap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
33 people have invested ₹ 6.3L in Union Largecap Fund Direct Growth in the last three months
INDmoney Rank for Union Largecap 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 Largecap Fund Direct Growth Overview
| Expense ratio | 1.58% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹433 Cr |
| Inception Date | 17 May, 2017 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 129.79% |
| 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
84.1%
Mid cap
12.6%
Sector Allocation
Financial Services
31.8%
Tech
13.1%
Consumer Cyclical
10.3%
Industrial
8.3%
Consumer Defensive
7.1%
Health
6.9%
Energy
6.6%
Basic Materials
6%
Communication
5.3%
Utilities
4.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.69% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.79% as on Oct'24
- This fund outperformed Nifty 100 by 1.10% in Oct'24
- AUM of the fund stands at 434.9 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
ITC Ltd's allocation increased from 2.57% to 3.71%
Max Financial Services Ltd's allocation increased from 0.51% to 1.53%
HDFC Bank Ltd's allocation increased from 8.19% to 8.9%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 5.72 % to 5.17 %
Infosys Ltd's allocation decreased from 5.15 % to 5.08 %
Axis Bank Ltd's allocation decreased from 2.5 % to 2.36 %
Mid Cap allocation has gone up from 11.2% to 12.6%
Large Cap allocation has gone down from 85.6% to 84.1%
Cash allocation has gone up from 3.2% to 3.3%
Top 3 Sectors in October were Financial Services, Tech & Consumer Cyclical
Oct'24
Financial Services
32%
Tech
13%
Consumer Cyclical
10%
Sep'24
Financial Services
32%
Tech
13%
Consumer Cyclical
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.9% | 8% | |
 ICICI Bank Ltd | 7.37% | 6% | |
 Reliance Industries Ltd | 5.17% | 0% | |
 Infosys Ltd | 5.08% | 5% | |
 ITC Ltd | 3.71% | 52.2% |
See all
See all
Top Losers | 1M Return |
|---|---|
 NTPC Ltd | -13.7% |
 Reliance Industries Ltd | -9.3% |
 Infosys Ltd | -1.5% |
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Sanjay Bembalkar
Fund Manager of Union Largecap Fund Direct Growth, since 7 June 2021
Top funds managed
Hardick Bora
Fund Manager of Union Largecap Fund Direct Growth, since 25 January 2023
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 6 months, this fund has experienced a 29.2% growth in AUM moving from 335.49 Cr to 433.4 Cr.
In the last 1 year, Invesco India largecap Fund Direct Plan Growth has given 31.92% return, outperforming this fund by 11.94%.
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 20.14% return, outperforming this fund by 4.52% per annum.
This fund expense ratio is slightly on the higher side within the category (large-cap). Its expense ratio is 1.58% which is higher than the category average expense ratio of 0.76%.
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 19.21% return, outperforming this fund by 9.38% per annum.
Union Largecap 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 12.39% since inception which is less than its category average return of 13.12%
Fund Allocations
This fund has an allocation of 96.7% in Equity, 0% in Debt and 3.3% in Cash related instruments
AUM size ₹433 Cr
This fund has AUM of ₹433 Cr which is less than its category average of ₹ 6986 Cr
Expense Ratio 1.58%
This fund has an expense ratio of 1.58% which is more than its category average expense ratio of 1.31%
Frequently Asked Questions for Union Largecap Fund Direct Growth
The current NAV of Union Largecap Fund Direct Growth is ₹24.07 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Union Largecap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.15% | -2.15% |
6 Month Returns | 2.43% | 2.43% |
1 Year Returns | 22.06% | 22.06% |
3 Years Returns | 38.17% | 11.38% |
5 Years Returns | 111.88% | 16.2% |
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1.58% as on October 2024
₹433 Cr as on October 2024
HDFC Bank Ltd(8.9%), ICICI Bank Ltd(7.37%), Reliance Industries Ltd(5.17%), Infosys Ltd(5.08%), ITC Ltd(3.71%) as on October 2024
Financial Services(30.73%), Tech(12.62%), Consumer Cyclical(9.99%) as on October 2024
The alpha ratio for the Union Largecap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Largecap Fund Direct Growth | 0.99 | -1.85 | -0.69 |
As on October 2024
The alpha for Union Largecap Fund Direct Growth is calculated against S&P BSE 100 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 Largecap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Largecap Fund Direct Growth | 0.84 | 0.92 | 0.95 |
As on October 2024
The Beta for Union Largecap Fund Direct Growth is calculated with S&P BSE 100 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 Largecap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Largecap Fund Direct Growth | 1.71 | 0.45 | 0.66 |
As on October 2024
The sharpe ratio for Union Largecap Fund Direct Growth is calculated with S&P BSE 100 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 Largecap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Largecap Fund Direct Growth | 11.44 | 12.45 | 17.89 |
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 0.72 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 Largecap Fund Direct Growth
The Exit load of Union Largecap Fund Direct Growth is 1%