Fund Details
Union Midcap Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 1.49% |
| NAV | ₹19.43 (22 Jan 2021) |
|---|---|
| Fund Started | 23 Mar 2020 |
| Fund Size | ₹175 Cr |
Comparison
1. Lower expense ratio - 1.48%
1. Age is less than 5 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Endurance Technologies Ltd. | Automobile | Equity | 4.9% |
| Coforge Ltd. | Technology | Equity | 4.8% |
| MindTree Ltd. | Technology | Equity | 4.5% |
| Syngene International Ltd. | Healthcare | Equity | 4.5% |
| PI Industries Ltd. | Chemicals | Equity | 4.2% |
| Varun Beverages Ltd. | FMCG | Equity | 4.2% |
| Tube Investments Of India Ltd. | Automobile | Equity | 4.0% |
| Mphasis Ltd. | Technology | Equity | 3.8% |
| Crompton Greaves Consumer Electricals Ltd. | Cons Durable | Equity | 3.4% |
| Dixon Technologies (India) Ltd. | Engineering | Equity | 3.1% |
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 ₹175 Cr and the Latest NAV as of 22 Jan 2021 is ₹19.43.
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.
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.
