Union Multicap Fund Direct Growth
Equity
Direct
Multi-Cap
NAV as on 20-12-2024
₹ 16.2
1D
Inception Returns
27.2%
/yr
About Union Multicap Fund Direct Growth
Union Multicap Fund Direct Growth is an equity fund. This fund was started on 19 December, 2022. The fund is managed by Harshad Patwardhan, Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Multicap Fund Direct Growth has ₹1090 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Union Multicap Fund Direct Growth has given a CAGR return of 27.22% since inception. Over the last 1 year the fund has given a CAGR return of 26.56%.
Holdings
Union Multicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Communication, Energy, Consumer Defensive, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, HCL Technologies Ltd
Taxation
As it is a multi-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 Multicap Fund Direct Growth
The investment objective of the Scheme is to achieve long term capital appreciation by investing in equity and equity related instruments of large, mid and small cap companies. 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 Multicap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
65 people have invested ₹ 10.1L in Union Multicap Fund Direct Growth in the last three months
Union Multicap Fund Direct Growth Overview
| Expense ratio | 0.97% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹1090 Cr |
| Inception Date | 19 December, 2022 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 147.27% |
| 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
42.1%
Small cap
28.9%
Mid cap
25.6%
Sector Allocation
Financial Services
20.7%
Consumer Cyclical
20%
Industrial
18.7%
Tech
14.3%
Health
8.8%
Basic Materials
5.9%
Communication
3.3%
Energy
2.8%
Consumer Defensive
2.5%
Utilities
2%
Real Estate
1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.25% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.85% in Nov'24
- AUM of the fund stands at 1.1K Cr as of Nov'24
- AUM decreased by 36.1 Cr between Nov'24 and Oct'24
Top Stocks bought last month
State Bank of India's allocation increased from 0.82% to 1.82%
Triveni Turbine Ltd's allocation increased from 0.46% to 1.25%
Max Financial Services Ltd's allocation increased from 0.57% to 1.22%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 2.28 % to 2.18 %
ITC Ltd's allocation decreased from 1.82 % to 1.75 %
Bharti Airtel Ltd's allocation decreased from 1.65 % to 1.64 %
Small Cap allocation has gone up from 27.1% to 28.9%
Mid Cap allocation has gone down from 26.2% to 25.6%
Large Cap allocation has gone down from 43.3% to 42.1%
Cash allocation has gone up from 3.4% to 3.4%
Top 3 Sectors in November were Industrial, Financial Services & Consumer Cyclical
Nov'24
Financial Services
21%
Consumer Cyclical
20%
Industrial
19%
Oct'24
Industrial
20%
Financial Services
20%
Consumer Cyclical
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.07% | 7.3% | |
 ICICI Bank Ltd | 4.27% | 13% | |
 Infosys Ltd | 2.86% | 0% | |
 Reliance Industries Ltd | 2.18% | 0% | |
 HCL Technologies Ltd | 1.91% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 KFin Technologies Ltd | 31% |
 Indian Hotels Co Ltd | 16.9% |
 Cartrade Tech Ltd | 14.2% |
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Harshad Patwardhan
Fund Manager of Union Multicap Fund Direct Growth, since 1 November 2024
Top funds managed
Sanjay Bembalkar
Fund Manager of Union Multicap Fund Direct Growth, since 19 December 2022
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
Union Multicap 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 27.22% since inception which is more than its category average return of 15.9%
Fund Allocations
This fund has an allocation of 96.57% in Equity, 0% in Debt and 3.43% in Cash related instruments
AUM size ₹1090 Cr
This fund has AUM of ₹1090 Cr which is less than its category average of ₹ 3903 Cr
Expense Ratio 0.97%
This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.22%
Frequently Asked Questions for Union Multicap Fund Direct Growth
The current NAV of Union Multicap Fund Direct Growth is ₹16.2 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Union Multicap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.91% | 3.91% |
6 Month Returns | 5.88% | 5.88% |
1 Year Returns | 26.56% | 26.56% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.97% as on November 2024
₹1090 Cr as on November 2024
HDFC Bank Ltd(5.07%), ICICI Bank Ltd(4.27%), Infosys Ltd(2.86%), Reliance Industries Ltd(2.18%), HCL Technologies Ltd(1.91%) as on November 2024
Financial Services(19.99%), Consumer Cyclical(19.29%), Industrial(18.06%) as on November 2024
The alpha ratio for the Union Multicap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Multicap Fund Direct Growth | 2.76 | - | - |
As on November 2024
The alpha for Union Multicap Fund Direct Growth is calculated against S&P BSE 500 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Multicap Fund Direct Growth | 0.78 | - | - |
As on November 2024
The Beta for Union Multicap Fund Direct Growth is calculated with S&P BSE 500 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Multicap Fund Direct Growth | 1.7 | - | - |
As on November 2024
The sharpe ratio for Union Multicap Fund Direct Growth is calculated with S&P BSE 500 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Multicap Fund Direct Growth | 10.76 | - | - |
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.
Harshad Patwardhan, Sanjay Bembalkar are the fund managers of Union Multicap Fund Direct Growth
The Exit load of Union Multicap Fund Direct Growth is 1%