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Union Long Term Equity Fund Direct IDCW

Equity
ELSS
Very High Risk
Payout
3Y Lock In
16.72%
3Y annualised
+2.43% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 May 2022₹40.45
Min. SIP amount₹500
Rating3
Fund size₹497.04Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns14.1%16.7%12.4%12.6%
Category average54.9%14.2%14.3%NA
Rank with in category5811NA
Understand terms

Holdings (59)

NameSectorInstrumentAssets
Reliance Industries Ltd.EnergyEquity8.2%
Infosys Ltd.TechnologyEquity7.5%
ICICI Bank Ltd.FinancialEquity7.3%
HDFC Bank Ltd.FinancialEquity5.4%
State Bank of IndiaFinancialEquity3.2%
Axis Bank Ltd.FinancialEquity3.1%
Larsen & Toubro Ltd.ConstructionEquity3.1%
Bharti Airtel Ltd.CommunicationEquity3.0%
Bajaj Finance Ltd.FinancialEquity2.9%
Tata Consultancy Services Ltd.TechnologyEquity2.8%
See All

Expense ratio, exit load and tax

Expense ratio: 1.63%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Vinay Paharia
Jun 2019 - Present
View details

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).
Also manages these schemes

Sanjay Bembalkar
Jun 2021 - Present
View details

Fund house & investment objective

Fund house contact details

Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
Website
NA
Amc Image
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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FAQs

How to Invest in Union Long Term Equity Fund Direct IDCW?

You can easily invest in Union Long Term Equity Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Union Long Term Equity Fund Direct IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Union Long Term Equity Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Long Term Equity Fund Direct IDCW provide?

The Union Long Term Equity Fund Direct IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is 14.10% since its inception.

How much expense ratio is charged by Union Long Term Equity Fund Direct IDCW?

The term Expense Ratio used for Union Long Term Equity Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Union Long Term Equity Fund Direct IDCW is 1.63% as of 23 May 2022...

What is the AUM of Union Long Term Equity Fund Direct IDCW?

The AUM, short for Assets Under Management of Union Long Term Equity Fund Direct IDCW is ₹497.04Cr as of 23 May 2022.

How to Redeem Union Long Term Equity Fund Direct IDCW?

If you want to sell your Union Long Term Equity Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Long Term Equity Fund Direct IDCW?

You can select either SIP or Lumpsum investment of Union Long Term Equity Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Union Long Term Equity Fund Direct IDCW?

The NAV of Union Long Term Equity Fund Direct IDCW is ₹40.45 as of 20 May 2022.

What is the PE and PB ratio of Union Long Term Equity Fund Direct IDCW?

The PE ratio ratio of Union Long Term Equity Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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