3 Year return

0
Launched on November 2022 (2 years)

Investment Details

₹500

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹917.38 Cr.

Expense Ratio

0.9% (inclusive of GST)

Exit Load

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Union Mutual Fund Managers

VP

Vinay Paharia

Fund Manager since Jan 2024

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 Multicap Fund Direct Plan-Growth

Union Multicap Fund Direct-Growth is a multi-cap mutual fund scheme presented by Union Mutual Fund. This fund is designed with a long-term investment horizon in mind and is categorised with a very high risk level, indicating its potential for significant returns, but also a considerable degree of volatility. The fund aims to beat inflation over the long run, making it a suitable investment for individuals with a high-risk tolerance and a long-term investment perspective. The fund operates with a predominant allocation to equities, showcasing a diversified portfolio with a judicious blend of large, mid, and small-cap stocks. This approach to market capitalisation aims to benefit from the stability of large-cap stocks and the growth potential of mid-caps and small-cap stocks.

Investment Objective of the Scheme

The primary investment goal of the Union Multicap Fund Direct-Growth scheme is to secure long-term capital appreciation. This is achieved by investing predominantly in equity and equity-related instruments of large, mid, and small-cap companies. However, it should be noted that the success of achieving the investment objective of the scheme is not assured and is dependent on market movements, which can sometimes be contrary to expected trends.

Key Features of The Fund

5-year return NA
Expense Ratio 0.9%
Fund Manager Vinay Paharia
Fund Size ₹917.38 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Union Multicap Fund Direct Growth scheme is an attractive option for investors who are planning to invest their money for a period of at least 3-4 years and are aiming for high returns. However, while the potential for high returns is an attractive feature, investors must be prepared for the possibility of moderate losses.

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.

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FAQs

What is today's NAV of Union Multicap 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 Multicap Fund Jun 21 2024 is 15.33

What is the AUM of Union Multicap 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 Multicap Fund is 917.38 crore.

What is the expense ratio of Union Multicap 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 Multicap Fund is 0.9%

What are the returns of Union Multicap Fund since inception?

The Union Multicap Fund was launched on Nov 28 2022. The fund has delivered a CAGR of 32.68 since inception.

What is the minimum SIP amount to invest in Union Multicap 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 Multicap Fund is 500.

How do I invest in Union Multicap 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 Multicap 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 Multicap 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 Multicap 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.