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Union Corporate Bond Fund Direct Growth

Debt
Corporate Bond
Low to Moderate Risk
6.72%
3Y annualised
+0.06% 1D
1M
6M
1Y
3Y
All
NAV: 05 Jul 2022₹12.59
Min. SIP amount₹1,000
Rating2
Fund size₹422.82Cr

Returns and rankings

Category: Debt Corporate Bond
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA2.6%6.7%5.7%
Category averageNA4.7%8.2%NA
Rank with in categoryNA169NA
Understand terms

Holdings (19)

NameSectorInstrumentAssets
Britannia Industries Ltd.Consumer StaplesNCD6.7%
REC Ltd.FinancialNCD6.0%
Reliance Industries Ltd.EnergyDebenture5.9%
National Bank For Agriculture & Rural Development
FinancialDebenture5.9%
Indian Railway Finance Corporation Ltd.FinancialDebenture5.9%
Bajaj Finance Ltd.FinancialDebenture5.8%
Ultratech Cement Ltd.
ConstructionDebenture5.8%
State Bank of IndiaFinancialAdditional Tier 2 Bo5.7%
Oil & Natural Gas Corporation Ltd.EnergyDebenture5.7%
National Housing BankFinancialDebenture3.5%
See All

Pros and cons

Category: Debt Corporate Bond

Pros

Cons

Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Consistently lower annualised returns than category average for the past 1Y and 3Y
Higher expense ratio: 0.36%
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 0.36%

Inclusive of GST

Exit load

1% exit load if redeemed within 15 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Anindya Sarkar
Nov 2018 - Present
View details

Education
Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
Experience
Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
Website
NA
Amc Image
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in Union Corporate Bond Fund Direct Growth?

You can easily invest in Union Corporate Bond Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Union Corporate Bond Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Union Corporate Bond Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Corporate Bond Fund Direct Growth provide?

The Union Corporate Bond Fund Direct Growth has been there from 25 May 2018 and the average annual returns provided by this fund is 2.57% since its inception.

How much expense ratio is charged by Union Corporate Bond Fund Direct Growth?

The term Expense Ratio used for Union Corporate Bond Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Union Corporate Bond Fund Direct Growth is 0.36% as of 06 Jul 2022...

What is the AUM of Union Corporate Bond Fund Direct Growth?

The AUM, short for Assets Under Management of Union Corporate Bond Fund Direct Growth is ₹422.82Cr as of 06 Jul 2022.

How to Redeem Union Corporate Bond Fund Direct Growth?

If you want to sell your Union Corporate Bond Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Corporate Bond Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Corporate Bond Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Corporate Bond Fund Direct Growth?

The NAV of Union Corporate Bond Fund Direct Growth is ₹12.59 as of 05 Jul 2022.

What is the PE and PB ratio of Union Corporate Bond Fund Direct Growth?

The PE ratio ratio of Union Corporate Bond Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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