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 0.77% 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 1.60% as of 02 Feb 2023...

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 ₹577.52Cr as of 02 Feb 2023.

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 ₹44.33 as of 01 Feb 2023.

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).

Union Long Term Equity Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

Union Long Term Equity Fund Direct IDCW
Equity
ELSS
Very High Risk
Payout
3Y Lock In
17.95%
3Y annualised
-0.05% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Feb 2023₹44.33
Min. SIP amount₹500
Rating4
Fund size₹577.52Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns0.8%17.9%11.5%12.7%
Category average-0.2%14.7%9.0%NA
Rank with in category14910NA
Understand terms
Holdings (64)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity7.4%
ICICI Bank Ltd.FinancialEquity7.3%
Infosys Ltd.TechnologyEquity6.5%
Reliance Industries Ltd.EnergyEquity5.8%
State Bank of IndiaFinancialEquity4.3%
Tata Consultancy Services Ltd.TechnologyEquity3.8%
Axis Bank Ltd.FinancialEquity3.4%
Bharti Airtel Ltd.CommunicationEquity2.9%
Larsen & Toubro Ltd.ConstructionEquity2.5%
Bajaj Finance Ltd.FinancialEquity2.1%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2022 - Present
1.60%
31 Dec 2022 - 31 Dec 2022
1.60%
30 Nov 2022 - 31 Dec 2022
1.60%
30 Nov 2022 - 30 Nov 2022
1.60%
30 Nov 2022 - 30 Nov 2022
1.60%
31 Oct 2022 - 30 Nov 2022
1.61%
31 Oct 2022 - 31 Oct 2022
1.61%
31 Oct 2022 - 31 Oct 2022
1.61%
30 Sep 2022 - 31 Oct 2022
1.61%
30 Sep 2022 - 30 Sep 2022
1.61%
30 Sep 2022 - 30 Sep 2022
1.61%
31 Aug 2022 - 30 Sep 2022
1.53%
31 Aug 2022 - 31 Aug 2022
1.53%
31 Jul 2022 - 31 Aug 2022
1.56%
31 Jul 2022 - 31 Jul 2022
1.56%
30 Jun 2022 - 31 Jul 2022
1.63%
30 Jun 2022 - 30 Jun 2022
1.63%
31 May 2022 - 30 Jun 2022
1.63%
31 May 2022 - 31 May 2022
1.63%
30 Apr 2022 - 31 May 2022
1.63%
30 Apr 2022 - 30 Apr 2022
1.63%
31 Mar 2022 - 30 Apr 2022
1.70%
31 Mar 2022 - 31 Mar 2022
1.70%
28 Feb 2022 - 31 Mar 2022
1.63%
28 Feb 2022 - 28 Feb 2022
1.63%
31 Jan 2022 - 28 Feb 2022
1.73%
31 Dec 2021 - 31 Jan 2022
1.73%
30 Nov 2021 - 31 Dec 2021
1.98%
31 Oct 2021 - 30 Nov 2021
1.98%
30 Sep 2021 - 31 Oct 2021
1.92%
31 Aug 2021 - 30 Sep 2021
1.89%
31 Jul 2021 - 31 Aug 2021
1.89%
30 Jun 2021 - 31 Jul 2021
1.89%
31 May 2021 - 30 Jun 2021
1.89%
30 Apr 2021 - 31 May 2021
1.89%
31 Mar 2021 - 30 Apr 2021
2.02%
28 Feb 2021 - 31 Mar 2021
1.95%
31 Jan 2021 - 28 Feb 2021
2.25%
31 Dec 2020 - 31 Jan 2021
2.01%
30 Nov 2020 - 31 Dec 2020
1.96%
31 Oct 2020 - 30 Nov 2020
1.96%
30 Sep 2020 - 31 Oct 2020
1.94%
31 Aug 2020 - 30 Sep 2020
1.94%
31 Jul 2020 - 31 Aug 2020
1.94%
30 Jun 2020 - 31 Jul 2020
1.94%
31 May 2020 - 30 Jun 2020
1.94%
30 Apr 2020 - 31 May 2020
1.94%
31 Mar 2020 - 30 Apr 2020
2.62%
29 Feb 2020 - 31 Mar 2020
2.62%
31 Jan 2020 - 29 Feb 2020
2.29%
31 Dec 2019 - 31 Jan 2020
1.99%
30 Nov 2019 - 31 Dec 2019
1.99%
31 Oct 2019 - 30 Nov 2019
1.92%
30 Sep 2019 - 31 Oct 2019
1.92%
31 Aug 2019 - 30 Sep 2019
1.92%
31 Jul 2019 - 31 Aug 2019
1.92%
30 Jun 2019 - 31 Jul 2019
1.92%
31 May 2019 - 30 Jun 2019
1.98%
30 Apr 2019 - 31 May 2019
1.98%
31 Mar 2019 - 30 Apr 2019
2.70%
28 Feb 2019 - 31 Mar 2019
2.67%
31 Jan 2019 - 28 Feb 2019
2.67%
31 Dec 2018 - 31 Jan 2019
2.22%
30 Nov 2018 - 31 Dec 2018
1.97%
31 Oct 2018 - 30 Nov 2018
1.97%
30 Sep 2018 - 31 Oct 2018
1.97%
31 Aug 2018 - 30 Sep 2018
1.97%
31 Jul 2018 - 31 Aug 2018
1.98%
30 Jun 2018 - 31 Jul 2018
1.98%
31 May 2018 - 30 Jun 2018
1.76%
30 Apr 2018 - 31 May 2018
1.76%
31 Mar 2018 - 30 Apr 2018
1.85%
28 Feb 2018 - 31 Mar 2018
2.04%
31 Jan 2018 - 28 Feb 2018
2.32%
31 Dec 2017 - 31 Jan 2018
2.33%
30 Nov 2017 - 31 Dec 2017
2.01%
31 Oct 2017 - 30 Nov 2017
2.01%
Expense ratio, exit load and taxExpense ratio: 1.60%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementHardick Bora
Jan 2023 - Present
View details
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.
Also manages these schemes
Union Flexi Cap Fund Growth
Union Flexi Cap Fund IDCW
Union Long Term Equity Fund Growth
Union Long Term Equity Fund IDCW
Union Flexi Cap Fund Direct Growth
Union Flexi Cap Fund Direct IDCW
Union Long Term Equity Fund Direct IDCW
Union Long Term Equity Fund Direct Growth
Union Small Cap Fund Direct IDCW
Union Small Cap Fund Regular Growth
Union Small Cap Fund Regular IDCW
Union Small Cap Fund Direct Growth
Union Largecap Fund Regular Growth
Union Largecap Fund Direct Growth
Union Largecap Fund Direct IDCW
Union Largecap Fund Regular IDCW
Union Balanced Advantage Fund Regular Growth
Union Balanced Advantage Fund Regular IDCW
Union Balanced Advantage Fund Direct IDCW
Union Balanced Advantage Fund Direct Growth
Union Equity Savings Fund Regular Growth
Union Equity Savings Fund Regular IDCW
Union Equity Savings Fund Direct Growth
Union Equity Savings Fund Direct IDCW
Union Value Discovery Fund Regular Growth
Union Value Discovery Fund Regular IDCW
Union Value Discovery Fund Direct Growth
Union Value Discovery Fund Direct IDCW
Union Focused Fund Regular Growth
Union Focused Fund Direct IDCW
Union Focused Fund Direct Growth
Union Focused Fund Regular IDCW
Union Large & Midcap Fund Regular Growth
Union Large & Midcap Fund Regular IDCW
Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct IDCW
Union Midcap Fund Regular Growth
Union Midcap Fund Regular IDCW
Union Midcap Fund Direct Growth
Union Midcap Fund Direct IDCW
Union Hybrid Equity Fund Regular IDCW
Union Hybrid Equity Fund Regular Growth
Union Hybrid Equity Fund Direct Growth
Union Hybrid Equity Fund Direct IDCW
Sanjay Bembalkar
Jun 2021 - Present
View details
Education
Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience
Research Analyst - Equity - Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst - Equity - LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President - Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst - Autonomous Research LLP (August 2009 to January 2010).
Also manages these schemes
Canara Robeco Bluechip Equity Fund Regular Growth
Canara Robeco Bluechip Equity Fund Regular IDCW
Union Flexi Cap Fund Growth
Union Flexi Cap Fund IDCW
Union Long Term Equity Fund Growth
Union Long Term Equity Fund IDCW
Canara Robeco Bluechip Equity Fund Direct Growth
Canara Robeco Bluechip Equity Fund Direct IDCW
Union Flexi Cap Fund Direct Growth
Union Flexi Cap Fund Direct IDCW
Union Long Term Equity Fund Direct IDCW
Union Long Term Equity Fund Direct Growth
Union Small Cap Fund Direct IDCW
Union Small Cap Fund Regular Growth
Union Small Cap Fund Regular IDCW
Union Small Cap Fund Direct Growth
Union Largecap Fund Regular Growth
Union Largecap Fund Direct Growth
Union Largecap Fund Direct IDCW
Union Largecap Fund Regular IDCW
Canara Robeco Capital Protection Oriented Fund Series 8 Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 8 Regular Growth
Union Balanced Advantage Fund Regular Growth
Union Balanced Advantage Fund Regular IDCW
Union Balanced Advantage Fund Direct IDCW
Union Balanced Advantage Fund Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 9 Regular Growth
Canara Robeco Capital Protection Oriented Fund Series 9 Direct Growth
Canara Robeco Dual Advantage Fund Series 1 Regular Growth
Canara Robeco Dual Advantage Fund Series 1 Regular IDCW
Union Equity Savings Fund Regular Growth
Union Equity Savings Fund Direct Growth
Union Value Discovery Fund Regular Growth
Union Value Discovery Fund Regular IDCW
Union Value Discovery Fund Direct Growth
Union Value Discovery Fund Direct IDCW
Canara Robeco Capital Protection Oriented Fund Series 10 Regular Growth
Union Focused Fund Regular Growth
Union Focused Fund Direct Growth
Union Large & Midcap Fund Regular Growth
Union Large & Midcap Fund Regular IDCW
Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct IDCW
Union Midcap Fund Regular Growth
Union Midcap Fund Direct Growth
Union Hybrid Equity Fund Regular IDCW
Union Hybrid Equity Fund Regular Growth
Union Hybrid Equity Fund Direct Growth
Union Retirement Fund Regular Growth
Union Retirement Fund Regular IDCW
Union Retirement Fund Direct Growth
Union Retirement Fund Direct IDCW
Union Multicap Fund Regular Growth
Union Multicap Fund Regular IDCW
Union Multicap Fund Direct IDCW
Union Multicap Fund Direct Growth
Fund house & investment objective
Union Mutual Fund
Rank (total assets)#27 in India
Total AUM₹8,289.10Cr
Date of Incorporation30 Dec 2009
 Union Long Term Equity Fund Direct IDCW is a Equity Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Anshul Mishra is the Current Fund Manager of Union Long Term Equity Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹8,289 Cr and the Latest NAV as of 01 Feb 2023 is ₹44.33.
The Union Long Term Equity Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
;
Fund benchmarkS&P BSE 500 Total Return Index
Scheme Information Document(SID)
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
E-mail
[email protected]
Website
NA
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,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Union Long Term Equity Fund Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	0.8%	17.9%	11.5%	12.7%
Category average	-0.2%	14.7%	9.0%	NA
Rank with in category	14	9	10	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	7.4%
ICICI Bank Ltd.	Financial	Equity	7.3%
Infosys Ltd.	Technology	Equity	6.5%
Reliance Industries Ltd.	Energy	Equity	5.8%
State Bank of India	Financial	Equity	4.3%
Tata Consultancy Services Ltd.	Technology	Equity	3.8%
Axis Bank Ltd.	Financial	Equity	3.4%
Bharti Airtel Ltd.	Communication	Equity	2.9%
Larsen & Toubro Ltd.	Construction	Equity	2.5%
Bajaj Finance Ltd.	Financial	Equity	2.1%

Rank (total assets)	#27 in India
Total AUM	₹8,289.10Cr

Date of Incorporation	30 Dec 2009

Fund benchmark	S&P BSE 500 Total Return Index

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

Rating	4
Fund size	₹577.52Cr

Union Long Term Equity Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (64)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.60%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Hardick BoraJan 2023 - PresentView details

Sanjay BembalkarJun 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Hardick Bora
Jan 2023 - Present
View details

Sanjay Bembalkar
Jun 2021 - Present
View details