Union Largecap Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 23-12-2024
₹ 24.33
1D
Inception Returns
12.3%
/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 ₹438 Cr worth of assets under management (AUM) as on Nov 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 12.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.97%, 13.52% and 15.67% 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, Communication, Basic Materials, Utilities. 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 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
▲
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30 people have invested ₹ 1.4L 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 | ₹438 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 (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
82.7%
Mid cap
13.9%
Sector Allocation
Financial Services
32.1%
Tech
13.8%
Consumer Cyclical
10.5%
Industrial
10.4%
Consumer Defensive
7.4%
Health
6.6%
Energy
5.9%
Communication
5.4%
Basic Materials
4.1%
Utilities
3.7%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.16% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.52% as on Nov'24
- This fund outperformed Nifty 100 by 0.68% in Nov'24
- AUM of the fund stands at 433.4 Cr as of Nov'24
- AUM decreased by 1.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Mahindra & Mahindra Ltd's allocation increased from 1.49% to 2.43%
Cipla Ltd's allocation increased from 0.55% to 1.44%
Larsen & Toubro Ltd's allocation increased from 3.18% to 3.92%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 5.17 % to 4.96 %
Bharti Airtel Ltd's allocation decreased from 3.7 % to 3.7 %
ITC Ltd's allocation decreased from 3.71 % to 3.58 %
Mid Cap allocation has gone up from 12.6% to 13.9%
Large Cap allocation has gone down from 84.1% to 82.7%
Cash allocation has gone down from 3.3% to 2.5%
Top 3 Sectors in November were Financial Services, Tech & Consumer Cyclical
Nov'24
Financial Services
32%
Tech
14%
Consumer Cyclical
11%
Oct'24
Financial Services
32%
Tech
13%
Consumer Cyclical
10%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.64% | 5.9% | |
 ICICI Bank Ltd | 7.78% | 6.1% | |
 Infosys Ltd | 5.31% | 0% | |
 Reliance Industries Ltd | 4.96% | 0% | |
 Larsen & Toubro Ltd | 3.92% | 21.3% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 8.1% |
 Infosys Ltd | 6.1% |
 HDFC Bank Ltd | 3% |
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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
₹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 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 20.34% return, outperforming this fund by 4.68% 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 23.07% return, outperforming this fund by 9.55% per annum.
Over the last 6 months, this fund has experienced a 26.3% growth in AUM moving from 346.87 Cr to 438.15 Cr.
In the last 1 year, Baroda BNP Paribas Large Cap Fund Direct Plan Growth Option has given 25.23% return, outperforming this fund by 9.26%.
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 12.33% since inception which is less than its category average return of 13.28%
Fund Allocations
This fund has an allocation of 97.55% in Equity, 0% in Debt and 2.45% in Cash related instruments
AUM size ₹438 Cr
This fund has AUM of ₹438 Cr which is less than its category average of ₹ 7030 Cr
Expense Ratio 1.58%
This fund has an expense ratio of 1.58% which is more than its category average expense ratio of 1.3%
Frequently Asked Questions for Union Largecap Fund Direct Growth
The current NAV of Union Largecap Fund Direct Growth is ₹24.33 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Union Largecap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.77% | 1.77% |
6 Month Returns | -0.49% | -0.49% |
1 Year Returns | 15.97% | 15.97% |
3 Years Returns | 46.28% | 13.52% |
5 Years Returns | 107.02% | 15.67% |
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1.58% as on November 2024
₹438 Cr as on November 2024
HDFC Bank Ltd(9.64%), ICICI Bank Ltd(7.78%), Infosys Ltd(5.31%), Reliance Industries Ltd(4.96%), Larsen & Toubro Ltd(3.92%) as on November 2024
Financial Services(31.35%), Tech(13.42%), Consumer Cyclical(10.24%) as on November 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 | 0.24 | -1.64 | -0.62 |
As on November 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 | 0.81 | 0.91 | 0.95 |
As on November 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 | 1.26 | 0.56 | 0.65 |
As on November 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 | 10.65 | 12.17 | 17.9 |
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 0.91 as on November 2024. 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%