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Best Union Equity Mutual Funds

Established in 2009, Union Mutual Fund is a part of the Union Bank of India, which is responsible for its sponsorship. Setting up a potential asset management system in India through the massive brand value and extensive network of Union Bank of India is one of the major aims of this organisation. As of May 2021, this AMC had AUM or assets under management valued at Rs.5842.12 crore.

This AMC currently offers more than 15 mutual fund schemes distributed over debt, equity and hybrid fund categories. This includes the best Union equity mutual funds.

Equity mutual funds or stock funds are specific schemes of mutual funds that predominantly make investments in the stocks or shares of firms across all market capitalisations.  These funds come with a high risk factor but also possess the capability to generate high returns. A minimum of 65% corpus is invested in shares and stocks by these funds, while the remaining 35% might be invested in money-market or debt securities. 

The best Union Equity mutual funds can be categorised as either passive or active funds. A fund manager structures a portfolio that reflects a popular market index such as Nifty Fifty or Sensex in a passive equity fund. In an active fund, a fund manager conducts researches on companies, scans the market, examines performance and seeks the best stocks for making investments.

Furthermore, these funds can also be classified according to market capitalisation, which denotes how much the capital market values the equity of an entire company. These funds can be categorised as mid-cap, large-cap, micro or small-cap funds in terms of this classification. 

There can be an additional categorisation of these funds as diversified or thematic/sectoral. A diversified equity fund makes investments in stocks spread across the whole market. In contrast, a thematic or sectoral fund keeps its investments restricted to a specific theme or sector such as Infrastructure or Infotech.

Taxability

Presently, there are more than 5 schemes under the best Union equity mutual fund offerings. Nonetheless, investors must know about the taxability involved in these funds prior to making any decision.

Long-term Capital Gains Tax: The long-term capital gains earned by the investor from selling equity fund units after a holding period of 12 months or more are exempted from taxation, provided this earning is limited to Rs.1 lakh in a financial year. On exceeding this limit, an LTCG tax or long-term capital gains tax is levied at a 10 % rate without any indexation benefits.

Short-term Capital Gains Tax: The short-term capital gains earned by the investor on redeeming the equity fund within a 12 months holding period are levied with an STCG tax or short-term capital gains tax at a 15 % rate irrespective of the income tax category.

TDS: Investors must note that if their dividend income lies within Rs.5000 for a given financial year, then according to section 194K, TDS at a 10% rate will not be deducted. 

Factors to Consider Before Investing

Besides being familiar with the taxability applicable to the top Union equity mutual funds, investors must consider the below-mentioned parameters.

Risk appetite: Investors must keep in mind that a substantial amount of risk is associated with an equity mutual fund. In order to select the best Union equity mutual funds 2022, one must consider their risk appetite. The risk tolerance differs for different individuals for the same mutual fund and is a highly subjective matter. Several things are accountable for it, including the investor’s financial situation and psychological characteristics.

Investment objective:  The investment objective indicates an investor’s purpose behind investing in a particular asset. One should evaluate this objective as it helps in selecting an apt scheme from the best Union equity mutual funds 2022.

Expense ratio: The expense ratio defines the fees, which the mutual fund houses and fund manager charges an investor for managing the portfolio. The record-keeping fees are included here as well. Investors must keep in mind that an equity mutual fund scheme with a low expense ratio would generate greater returns in the long run.

Past performance of the fund: It is a healthy habit to look into a fund’s past performance. Though they do not give an indication of probable future returns, they can prove to be helpful for depicting the market conditions and the bearish and bullish trends over a certain period.

Holding analysis: The holding analysis is a crucial parameter when it comes to investments in mutual funds. An investor becomes aware of the expected returns and the accountable scale of losses through a holding analysis. It also shows where resources are invested. 

Investors venturing into the investment domain for the first time might find it difficult to select an ideal fund from the best Union equity mutual funds. However, using this article as a reference along with having an elementary understanding of mutual funds would prove to be of great help to them.

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List of Union Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Union Small Cap FundEquityVery High10.3%3₹981
Union Largecap FundEquityVery High-4.0%2₹243
Union Long Term Equity FundEquityVery High1.0%4₹526
Union Balanced Advantage FundHybridModerately High1.8%4₹1,920
Union Dynamic Bond FundDebtModerate-1.6%1₹97
Union Flexi Cap FundEquityVery High-1.9%4₹1,290
Union Liquid FundDebtLow to Moderate4.1%4₹1,316
Union Equity Savings FundHybridModerate0.3%2₹157
Union Midcap FundEquityVery High6.1%--₹524
Union Large & Midcap FundEquityModerately High1.4%--₹380
Union Overnight FundDebtLow4.0%3₹160
Union Gilt FundDebtModerateNA--₹216
Union Hybrid Equity FundHybridVery High-1.1%--₹581
Union Focused FundEquityModerately High-2.0%4₹331
Union Arbitrage FundHybridLow3.8%3₹93
View All

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Union Small Cap Fund Direct Growth

Fund Performance: The Union Small Cap Fund has given 33.86% annualized returns in the past three years and 16.75% in the last 5 years. The Union Small Cap Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Small Cap Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹981Cr
1Y Returns10.3%

Union Largecap Fund Direct Growth

Fund Performance: The Union Largecap Fund has given 14.73% annualized returns in the past three years and 10.1% in the last 5 years. The Union Largecap Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Largecap Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹243Cr
1Y Returns-4.0%

Union Long Term Equity Fund Direct Growth

Fund Performance: The Union Long Term Equity Fund has given 20.34% annualized returns in the past three years and 13.84% in the last 5 years. The Union Long Term Equity Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Long Term Equity Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹526Cr
1Y Returns1.0%

Union Balanced Advantage Fund Direct Growth

Fund Performance: The Union Balanced Advantage Fund belongs to the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Balanced Advantage Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹1,920Cr
1Y Returns1.8%

Union Dynamic Bond Fund Direct Growth

Fund Performance: The Union Dynamic Bond Fund has given 4.59% annualized returns in the past three years and 5.16% in the last 5 years. The Union Dynamic Bond Fund belongs to the Debt category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Dynamic Bond Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹97Cr
1Y Returns-1.6%

Union Flexi Cap Fund Direct Growth

Fund Performance: The Union Flexi Cap Fund has given 20.07% annualized returns in the past three years and 13.81% in the last 5 years. The Union Flexi Cap Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Flexi Cap Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹1,290Cr
1Y Returns-1.9%

Union Liquid Fund Direct Growth

Fund Performance: The Union Liquid Fund has given 4.14% annualized returns in the past three years and 4.57% in the last 5 years. The Union Liquid Fund belongs to the Debt category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Liquid Fund via lump sum is ₹5,000 and via SIP is ₹2,000.

Min Investment Amt₹5,000
AUM₹1,316Cr
1Y Returns4.1%

Union Equity Savings Fund Direct Growth

Fund Performance: The Union Equity Savings Fund belongs to the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Equity Savings Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹157Cr
1Y Returns0.3%

Union Midcap Fund Direct Growth

Fund Performance: The Union Midcap Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Midcap Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹524Cr
1Y Returns6.1%

Union Large & Midcap Fund Direct Growth

Fund Performance: The Union Large & Midcap Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Large & Midcap Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹380Cr
1Y Returns1.4%

Union Overnight Fund Direct Growth

Fund Performance: The Union Overnight Fund belongs to the Debt category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Overnight Fund via lump sum is ₹5,000 and via SIP is ₹2,000.

Min Investment Amt₹5,000
AUM₹160Cr
1Y Returns4.0%

Union Gilt Fund Direct Growth

Fund Performance: The Union Gilt Fund belongs to the Debt category of Union Mutual Funds.

Minimum Investment Amount:

Min Investment Amt₹1,000
AUM₹216Cr
1Y ReturnsNA

Union Hybrid Equity Fund Direct Growth

Fund Performance: The Union Hybrid Equity Fund belongs to the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Hybrid Equity Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹581Cr
1Y Returns-1.1%

Union Focused Fund Direct Growth

Fund Performance: The Union Focused Fund belongs to the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Focused Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹331Cr
1Y Returns-2.0%

Union Arbitrage Fund Direct Growth

Fund Performance: The Union Arbitrage Fund belongs to the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Arbitrage Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹93Cr
1Y Returns3.8%

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