3 Year return

4.61%
Launched on August 2020 (4 years)

Investment Details

₹100

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹106.69 Cr.

Expense Ratio

0.64% (inclusive of GST)

Exit Load

1% - if redeemed or switched out on or before 15 days from the date of allotment. Nil - if redeemed or switched out after 15 days from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Union Mutual Fund Managers

PA

Parijat Agrawal

Fund Manager since Jul 2022

View Details

Fund House Details

Union Mutual Fund

Union Mutual Fund Asset management company

AUM ₹14,674.66 Cr.
No. of Schemes 73
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Union Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Union Medium Duration Fund Direct Plan Growth

The Union Medium Duration Fund Direct Plan Growth is a debt fund managed by Union Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. Medium-duration funds invest in debt securities with a maturity of 3 to 5 years. These funds offer a balance between risk and return. The Union Medium Duration Fund Direct Plan Growth invests in a diversified portfolio of medium-duration debt securities. The fund aims to generate income by investing in these securities.

Investment Objectives of the Scheme

The investment objective of the Union Medium Duration Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of medium-duration debt securities. The fund will invest at least 80% of its assets in medium-duration debt securities.

Key Features of The Fund

5-year return NA
Expense Ratio 0.64%
Fund Manager Parijat Agrawal
Fund Size ₹106.69 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

The Union Medium Duration Fund Direct Plan Growth is a good option for investors who are looking for a balance between risk and return. The fund invests in medium-duration debt securities, which offer the potential for higher returns than short-term debt securities. However, the fund is not suitable for investors who are looking for a safe investment. Medium-duration debt securities are more risky than short-term debt securities and there is a risk of losing money.

AMC Contact Details

Name Union Mutual Fund
Launch Date 23rd March 2011
Addresss Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059
Contact (022) 6748 3300
Email investorcare@unionmf.com
Website https://www.unionmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Planning Tool at You Fingertips Now – SIP Calculator

Estimating and comparing your returns from different mutual funds can happen within under a minute with just 3 steps: Step 1: Open Angel One's free SIP calculator. Step 2: Enter your SIP Amount, investment horizon, and expected rate of return. Step 3: Compare!

FAQs

What is today's NAV of Union Medium Duration Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Union Medium Duration Fund Jun 12 2024 is 11.9637

What is the AUM of Union Medium Duration Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Union Medium Duration Fund is 106.69 crore.

What is the expense ratio of Union Medium Duration Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Union Medium Duration Fund is 0.64%

What are the returns of Union Medium Duration Fund since inception?

The Union Medium Duration Fund was launched on Aug 24 2020. The fund has delivered a CAGR of 4.9 since inception.

What is the minimum SIP amount to invest in Union Medium Duration Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Union Medium Duration Fund is 100.

How do I invest in Union Medium Duration Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Union Medium Duration Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Union Medium Duration Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Union Medium Duration Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.