Fund Details
Union Long Term Equity Fund Direct Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.89% |
| NAV | ₹34.56 (16 Apr 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹335 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 1.89%
3. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 8.5% |
| Infosys Ltd. | Technology | Equity | 6.4% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.6% |
| Reliance Industries Ltd. | Energy | Equity | 4.0% |
| Axis Bank Ltd. | Financial | Equity | 3.2% |
| Bharti Airtel Ltd. | Communication | Equity | 2.7% |
| Bajaj Finance Ltd. | Financial | Equity | 2.2% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.2% |
| State Bank of India | Financial | Equity | 2.1% |
Fund Managers
Union Long Term Equity Fund Direct Growth Details
Union Long Term Equity Fund Direct Growth is a Equity Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Ashish Ranawade is the Current Fund Manager of Union Long Term Equity Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹335 Cr and the Latest NAV as of 16 Apr 2021 is ₹34.56.
The Union Long Term Equity Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
Investment Objective
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
