Union Medium Duration Fund Direct Growth
Debt
Direct
Medium Duration
NAV as on 27-11-2024
₹ 12.39
Inception Returns
5.2%
/yr
About Union Medium Duration Fund Direct Growth
Union Medium Duration Fund Direct Growth is a debt fund. This fund was started on 14 September, 2020. The fund is managed by Anindya Sarkar. This fund is suitable to keep your money safe.
Key Parameters
- Union Medium Duration Fund Direct Growth has ₹84 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Union Medium Duration Fund Direct Growth has given a CAGR return of 5.22% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.14% and 5.17% respectively.
Holdings
Union Medium Duration Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, 7.1% Govt Stock 2029, 7.1% Govt Stock 2034, Axis Bank Limited, 7.18% Govt Stock 2033
Taxation
As it is a medium duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Union Medium Duration Fund Direct Growth
The investment objective of the Scheme is to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments. However, there is 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 Medium Duration Fund Direct Growth has no lock in period.
Historical NAV & Returns
Union Medium Duration Fund Direct Growth Overview
| Expense ratio | 0.63% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹84 Cr |
| Inception Date | 14 September, 2020 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 57.52% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (27-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 227.8 Cr as of Oct'24
- AUM decreased by 2.6 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.32% Govt Stock 2030 | 24.96% | 0% | |
7.1% Govt Stock 2029 | 24.65% | 0% | |
7.1% Govt Stock 2034 | 12.39% | 0% | |
Axis Bank Limited | 7.03% | 0% | |
7.18% Govt Stock 2033 | 6.21% | 0% |
Union Medium Duration Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹84 Cr
Expense Ratio 0.63%
Frequently Asked Questions for Union Medium Duration Fund Direct Growth
Union Medium Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.43% | 0.43% |
6 Month Returns | 3.79% | 3.79% |
1 Year Returns | 8.14% | 8.14% |
3 Years Returns | 16.32% | 5.17% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |