Fund Details
Union Midcap Fund Direct Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 1.22% |
| NAV | ₹25.84 (23 Jul 2021) |
|---|---|
| Fund Started | 23 Mar 2020 |
| Fund Size | ₹247 Cr |
Returns
Comparison
1. Lower expense ratio - 1.22%
2. 1Y Returns are higher than the category average returns
1. Age is less than 5 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Coforge Ltd. | Technology | Equity | 3.4% |
| Persistent Systems Ltd. | Technology | Equity | 3.2% |
| Varun Beverages Ltd. | FMCG | Equity | 3.2% |
| PI Industries Ltd. | Chemicals | Equity | 3.0% |
| Polycab India Ltd. | Engineering | Equity | 2.9% |
| Tube Investments Of India Ltd. | Automobile | Equity | 2.8% |
| Astral Ltd. | Chemicals | Equity | 2.8% |
| Endurance Technologies Ltd. | Automobile | Equity | 2.7% |
| Navin Fluorine International Ltd. | Chemicals | Equity | 2.6% |
| Syngene International Ltd. | Healthcare | Equity | 2.6% |
Fund Managers
Union Midcap Fund Direct Growth Details
Union Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 23 Mar 2020. Vinay Paharia is the Current Fund Manager of Union Midcap Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹247 Cr and the Latest NAV as of 23 Jul 2021 is ₹25.84.
The Union Midcap Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000. 1% exit load if redeemed within 15 days.
Investment Objective
The Scheme seeks to achieve long term capital appreciation and generate income by investing predominantly in equity and equity related securities of mid cap companies.
Tax Implications
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.
