|Min SIP Amount||₹2000|
|NAV||₹20.98 (19 Apr 2021)|
|Fund Started||23 Mar 2020|
|Fund Size||₹198 Cr|
|Tube Investments Of India Ltd.||Automobile||Equity||4.5%|
|Endurance Technologies Ltd.||Automobile||Equity||3.7%|
|Varun Beverages Ltd.||FMCG||Equity||3.7%|
|Tata Chemicals Ltd.||Chemicals||Equity||3.4%|
|TeamLease Services Ltd.||Services||Equity||3.1%|
|Syngene International Ltd.||Healthcare||Equity||3.0%|
|PI Industries Ltd.||Chemicals||Equity||2.9%|
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 ₹198 Cr and the Latest NAV as of 19 Apr 2021 is ₹20.98.
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.
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.