Union Largecap Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 07-03-2025
₹ 22.38
1D
Inception Returns
10.9%
/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. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Largecap Fund Direct Growth has ₹423 Cr worth of assets under management (AUM) as on Jan 2025 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 10.87% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -2.70%, 13.37% and 15.97% respectively.
Holdings
Union Largecap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Industrial, Consumer Cyclical, Energy, Health, Communication, Consumer Defensive, Utilities, Basic Materials, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Larsen & Toubro 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
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32 people have invested ₹ 3.9L 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 | 1.62% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹423 Cr |
| Inception Date | 17 May, 2017 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 129.79% |
| 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 (07-Mar-25)
Fund Distribution
as on (31-Jan-25)
Large cap
81.9%
Mid cap
12.5%
Sector Allocation
Financial Services
32.5%
Tech
13.8%
Industrial
11.3%
Consumer Cyclical
11.2%
Energy
7.3%
Health
6.3%
Communication
5.3%
Consumer Defensive
4.7%
Utilities
4.2%
Basic Materials
3.6%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 437 Cr as of Jan'25
- AUM decreased by 1.2 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Maruti Suzuki India Ltd's allocation increased from 1.27% to 2.24%
Bajaj Finance Ltd's allocation increased from 1.33% to 2.22%
InterGlobe Aviation Ltd's allocation increased from 1.28% to 2.07%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 9.64 % to 9.44 %
State Bank of India's allocation decreased from 3.3 % to 3.14 %
ITC Ltd's allocation decreased from 3.58 % to 3.09 %
Mid Cap allocation has gone down from 13.9% to 12.5%
Large Cap allocation has gone down from 82.7% to 81.9%
Debt allocation has gone up from 0% to 0.1%
Cash allocation has gone up from 2.5% to 5.5%
Top 3 Sectors in January were Financial Services, Tech & Consumer Cyclical
Jan'25
Financial Services
32%
Tech
14%
Industrial
11%
Dec'24
Financial Services
32%
Tech
14%
Consumer Cyclical
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.44% | 0% | |
 ICICI Bank Ltd | 7.95% | 2.5% | |
 Infosys Ltd | 5.52% | 8.1% | |
 Reliance Industries Ltd | 5.03% | 0% | |
 Larsen & Toubro Ltd | 4.51% | 0% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Shriram Finance Ltd | 12.5% |
 Bajaj Finance Ltd | 1.4% |
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Sanjay Bembalkar
Fund Manager of Union Largecap Fund Direct Growth, since 7 June 2021
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹24.63K Cr
as on 31-Jan-2025
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 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.72% return, outperforming this fund by 8.35% per annum.
In the last 1 year, Motilal Oswal Large Cap Fund Direct Growth has given 21.24% return, outperforming this fund by 23.93%.
This fund expense ratio is slightly on the higher side within the category (large-cap). Its expense ratio is 1.62% which is higher than the category average expense ratio of 0.77%.
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.33% return, outperforming this fund by 5.36% per annum.
Over the last 6 months, this fund has experienced a 7.6% growth in AUM moving from 393.63 Cr to 423.44 Cr.
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 10.87% since inception which is less than its category average return of 12.59%
Fund Allocations
This fund has an allocation of 94.39% in Equity, 0.07% in Debt and 5.54% in Cash related instruments
AUM size ₹423 Cr
This fund has AUM of ₹423 Cr which is less than its category average of ₹ 9874 Cr
Expense Ratio 1.62%
This fund has an expense ratio of 1.62% which is more than its category average expense ratio of 1.27%
Frequently Asked Questions for Union Largecap Fund Direct Growth
The current NAV of Union Largecap Fund Direct Growth is ₹22.38 as on 07-Mar-2025.
Existing (Absolute + CAGR) as on 07-Mar-2025.
Union Largecap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.32% | -4.32% |
6 Month Returns | -10.48% | -10.48% |
1 Year Returns | -2.7% | -2.7% |
3 Years Returns | 45.7% | 13.37% |
5 Years Returns | 109.75% | 15.97% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.62% as on February 2025
₹423 Cr as on February 2025
HDFC Bank Ltd(9.44%), ICICI Bank Ltd(7.95%), Infosys Ltd(5.52%), Reliance Industries Ltd(5.03%), Larsen & Toubro Ltd(4.51%) as on February 2025
Financial Services(30.65%), Tech(13.01%), Industrial(10.65%) as on February 2025
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 | -4.46 | -1.19 | -1.03 |
As on February 2025
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 | 0.91 | 0.95 |
As on February 2025
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 | -0.68 | 0.33 | 0.58 |
As on February 2025
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 | 12.06 | 12.78 | 18.09 |
As on February 2025
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 0.51 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar is the fund manager of Union Largecap Fund Direct Growth
The Exit load of Union Largecap Fund Direct Growth is 1%