|Min SIP Amount||₹2000|
|NAV||₹11.11 (22 Jan 2021)|
|Fund Started||29 Jan 2019|
|Fund Size||₹68 Cr|
|Union Liquid Direct||Financial||Mutual Fund||9.5%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||3.9%|
|Tata Power Co. Ltd.||Energy||Equity||3.3%|
|Max Financial Services Ltd.||Financial||Equity||2.9%|
|Shriram Transport Finance Co. Ltd.||Financial||Equity||2.5%|
|Bharti Airtel Ltd.||Communication||Equity||2.4%|
|Reliance Industries Ltd.||Energy||Equity||2.4%|
|Mahindra & Mahindra Financial Services Ltd.||Financial||Equity||2.3%|
|HCL Technologies Ltd.||Technology||Equity||2.3%|
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 ₹68 Cr and the Latest NAV as of 22 Jan 2021 is ₹11.11.
The Union Arbitrage Fund Direct Growth is rated 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.