| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 1.48% |
| NAV | ₹13.05 (02 Jul 2020) |
|---|---|
| Fund Started | 23 Mar 2020 |
| Fund Size | ₹176 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| PI Industries Ltd. | Chemicals | Equity | 5.3% |
| Tata Consumer Products Ltd. | FMCG | Equity | 4.5% |
| Ipca Laboratories Ltd. | Healthcare | Equity | 4.2% |
| Multi Commodity Exchange India | Financial | Equity | 4.1% |
| Tata Chemicals Ltd. | Chemicals | Equity | 3.9% |
| Endurance Technologies Ltd. | Automobile | Equity | 3.7% |
| United Spirits Ltd. | FMCG | Equity | 3.6% |
| Syngene International Ltd. | Healthcare | Equity | 3.5% |
| MindTree Ltd. | Technology | Equity | 3.1% |
| Muthoot Finance Ltd. | Financial | Equity | 3.0% |
Union Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Union KBC 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 ₹176 Cr and the Latest NAV as of 02 Jul 2020 is ₹13.05.
The Union Midcap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000. 1% exit load if redeemed within 15 days.
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.
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.