Union Long Term Equity Fund Direct Growth is a Equity Mutual Fund Scheme launched by Union KBC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Ashish Ranawade is the Current Fund Manager of Union Long Term Equity Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹263 Cr and the Latest NAV as of 15 Nov 2019 is ₹26.44.
The Union Long Term Equity Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
To generate income and long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.However there can be no assurance that the investment objective of the scheme will be achieved.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment