Union Midcap Fund Direct Growth-0.31%

0.00%
1 Year Return
Equity
Mid Cap
6M
All

Fund Details

Union Midcap Fund Direct Growth

RiskModerately High
Min SIP Amount₹2000
Expense Ratio1.48%
NAV16.04 (30 Oct 2020)
Fund Started23 Mar 2020
Fund Size180 Cr

Comparison

Data not available
Pros
1. Lower expense ratio - 1.48%
Cons
1. Age is less than 5 years

Top Holdings

NameSectorInstrument% Assets
Coforge Ltd.TechnologyEquity4.7%
Syngene International Ltd.HealthcareEquity4.7%
PI Industries Ltd.ChemicalsEquity4.6%
Endurance Technologies Ltd.AutomobileEquity4.5%
Ipca Laboratories Ltd.HealthcareEquity4.4%
MindTree Ltd.TechnologyEquity4.2%
Mphasis Ltd.TechnologyEquity4.0%
Varun Beverages Ltd.FMCGEquity3.8%
Indiamart Intermesh Ltd.ServicesEquity3.1%
Crompton Greaves Consumer Electricals Ltd.Cons DurableEquity2.8%
See All

Fund Managers

addVinay Paharia
Education
Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
Experience
Prior to joining Union Mutual Fund he was associated with Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
Funds Managed
addHardick Bora
Education
Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience
He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager - Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.
Funds Managed

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 ₹180 Cr and the Latest NAV as of 30 Oct 2020 is ₹16.04.

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
1% exit load if redeemed within 15 days.
Exit Load

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About Union Mutual Fund

Address
Unit 802, 8th Floor, Tower ‘A’, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel (West) Mumbai - 400013
Phone
022-24833300
Launch Date
23 Mar 2011
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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