Overview
Union Equity Savings Fund Direct Growth
Union Mutual Fund
The scheme seek capital appreciation and/or to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments.
Investments in Union Equity Savings Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 17.1
Fund Size (AUM)
₹135.91 Cr
Risk
Moderate (Risk rating: 3/10)
Minimum Investment
Lumpsum: ₹ 1000
SIP: ₹500
Launch Date
09-Aug-2018
Expense Ratio
1.43%
Exit Load
Exit load of 1%, if redeemed within 15 days.
Benchmark
CRISIL Equity Saving Index
Standard Deviation
4.59
History
Performance & Ratios
1-Year SIP Return
-0.9%
3-Year SIP Return
7.22%
5-Year SIP Return
7.67%
Mean Return
6.51%
Alpha
-0.38
Beta
0.55
Sharpe Ratio
0.31
Sortino Ratio
0.57
Information Ratio
-0.48
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.1% | 8.16% | 10.6% | 9.5% |
| Category Average | 8.41% | 9.11% | 11.94% | N/A |
| Rank Within Category | 22 | 21 | 22 | N/A |
Holdings (121)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 3.72% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 3.68% |
| Reserve Bank of India | Financial | T-Bills | 3.67% |
| Reserve Bank of India | Financial | T-Bills | 3.66% |
| HDFC Bank Ltd. | Financial | Equity | 3.38% |
| Bharti Airtel Ltd. | Communication | Equity | 2.99% |
| Indus Towers Ltd. | Communication | Equity | 2.84% |
| Interglobe Aviation Ltd. | Services | Equity | 2.72% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.69% |
| Reliance Industries Ltd. | Energy | Equity | 2.65% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Kotak Equity Savings Fund Direct Growth | 8043.3 | 9.18 | 12.02 | 0.65 | N/A |
| Edelweiss Equity Savings Fund Direct Growth | 577.29 | 11.51 | 11.28 | 0.6 | N/A |
| DSP Equity Savings Fund Direct Growth | 2517.21 | 12.76 | 11.08 | 0.41 | N/A |
| SBI Equity Savings Fund Direct Growth | 5670.63 | 9.55 | 10.46 | 0.89 | N/A |
| ICICI Prudential Equity Savings Fund Direct Growth | 12854.84 | 9.01 | 8.68 | 0.48 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 100
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Union Mutual Fund
Union KBC Mutual Fund started their mutual fund on 23/03/2011 and its managing total assets of ₹3,811 Cr. Its ranked at 30 as per total assets at end of 30th Sep 2017. Union Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Union Mutual Fund is sponsored by Union Bank of India and is therefore a trusted brand for investors.
Union Mutual Fund visions to obtain prosperity by responsibly investing in the capital market. Their aim is to provide the right client, the right product at the right time. The asset management company aims at understanding the investor's needs better and customizes products in a way that will be beneficial to them.
It believes in creating an investment platform which is sustainable for the long-term and helps investors to create wealth systematically. The fund house provides various mutual funds across different market capitalization and categories, in order to apppeal to investors with various needs. Union Mutual Fund targets to give its investors a brilliant investing experience and choose mutual fund as an instrument for the long haul.
Launch Date
2009-12-30T00:00:00.206Z
Total AUM
₹ 18837.14 Cr
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
(022) 6748 3300
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Union Equity Savings Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Union Equity Savings Fund Direct Growth?
The top stocks held by Union Equity Savings Fund Direct Growth include Indian Railway Finance Corporation Ltd., Small Industries Devp. Bank of India Ltd., Reserve Bank of India.
Which industries does Union Equity Savings Fund Direct Growth invest in?
Union Equity Savings Fund Direct Growth primarily invests in the following industries: Financial, Communication, Services.
Who are the fund managers of Union Equity Savings Fund Direct Growth?
The fund managers of Union Equity Savings Fund Direct Growth are Parijat Agrawal and Sanjay Bembalkar and Gaurav Chopra.
How many years has the fund manager been managing Union Equity Savings Fund Direct Growth?
Parijat Agrawal:
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Sanjay Bembalkar:
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Gaurav Chopra:
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What is the minimum investment for Union Equity Savings Fund Direct Growth?
The minimum investment for Union Equity Savings Fund Direct Growth is ₹1000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Union Equity Savings Fund Direct Growth?
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What are the average 3-year returns for Union Equity Savings Fund Direct Growth?
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What is the expense ratio of Union Equity Savings Fund Direct Growth, and how does it compare to its category?
The expense ratio of Union Equity Savings Fund Direct Growth is 1.43%. The average expense ratio for similar funds in the Hybrid is Calculating....