|Min SIP Amount||₹2000|
|NAV||₹11.02 (26 Oct 2020)|
|Fund Started||29 Jan 2019|
|Fund Size||₹89 Cr|
|Union Liquid Direct||Financial||Mutual Fund||9.3%|
|Adani Enterprises Ltd.||Services||Equity||2.7%|
|HDFC Bank Ltd.||Financial||Term Deposits||2.2%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||2.2%|
|ICICI Bank Ltd.||Financial||Equity||1.9%|
|Zee Entertainment Enterprises Ltd.||Services||Equity||1.5%|
|Indusind Bank Ltd.||Financial||Equity||1.5%|
|JSW Steel Ltd.||Metals||Equity||1.4%|
|HCL Technologies Ltd.||Technology||Equity||1.4%|
Union Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 29 Jan 2019. Vishal Thakker is the Current Fund Manager of Union Arbitrage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹89 Cr and the Latest NAV as of 26 Oct 2020 is ₹11.02.
The Union Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 months.
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.