Union Retirement Fund Direct Growth
Hybrid
Direct
Retirement
NAV as on 20-12-2024
₹ 15.7
1D
Inception Returns
22.3%
/yr
About Union Retirement Fund Direct Growth
Union Retirement Fund Direct Growth is a hybrid fund. This fund was started on 22 September, 2022. The fund is managed by Sanjay Bembalkar. This fund gives you the benefit of diversification.
Key Parameters
- Union Retirement Fund Direct Growth has ₹154 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.2.
Returns
Union Retirement Fund Direct Growth has given a CAGR return of 22.25% since inception. Over the last 1 year the fund has given a CAGR return of 22.08%.
Holdings
Union Retirement Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Communication, Energy, Utilities, Consumer Defensive, Real Estate.
Taxation
As it is a retirement mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Union Retirement Fund Direct Growth
The investment objective of the Scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors. 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. There is a lock in period for Union Retirement Fund Direct Growth of 5 Years
Historical NAV & Returns
Union Retirement Fund Direct Growth Overview
| Expense ratio | 1.16% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹154 Cr |
| Inception Date | 22 September, 2022 |
| Min Lumpsum/SIP | ₹1000/₹500 |
| Exit Load | 0% |
| Lock In | 5 Years |
TurnOver | 121.25% |
| 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)
- AUM of the fund stands at 151.2 Cr as of Nov'24
- AUM decreased by 4.2 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.05% | 8.6% | |
 ICICI Bank Ltd | 4.88% | 0% | |
 Reliance Industries Ltd | 3.58% | 0% | |
 Infosys Ltd | 3.23% | 0% | |
 Larsen & Toubro Ltd | 3.08% | 0% |
Union Retirement Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹154 Cr
Expense Ratio 1.16%
Frequently Asked Questions for Union Retirement Fund Direct Growth
Union Retirement Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.75% | 2.75% |
6 Month Returns | 3.56% | 3.56% |
1 Year Returns | 22.08% | 22.08% |
3 Years Returns | 0% | 0% |
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 |