3 Year return

22.7%
Launched on November 2018 (6 years)

Investment Details

₹500

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹245.74 Cr.

Expense Ratio

1.4% (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
2.5

Ratings by other agencies

3
4
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 Value Discovery Fund Direct Plan Growth

Union Value Discovery Fund Direct Plan Growth, managed by Union Mutual Fund, is a value fund that aims to identify undervalued stocks across market capitalisations. The fund employs a value investing strategy, focusing on companies with strong fundamentals and growth potential that are trading at a discount to their intrinsic value. The fund has an expense ratio that is higher than the category average.

Investment Objective of the Scheme

The main objective of Union Value Discovery Fund Direct Plan Growth is to achieve long-term capital appreciation by investing in a diversified portfolio of stocks that are deemed undervalued by the fund's investment team. The fund managers conduct in-depth research to select stocks that offer growth prospects and are available at attractive valuations.

Key Features of The Fund

5-year return 21.32%
Expense Ratio 1.4%
Fund Manager Vinay Paharia
Fund Size ₹245.74 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Union Value Discovery Fund Direct Plan Growth can be a suitable choice for investors seeking exposure to a value-oriented equity portfolio. If you believe in the potential of investing in fundamentally sound companies at a discount, and you are comfortable with potential short-term market fluctuations, this fund might align with your investment philosophy. However, keep in mind that value investing can involve periods of underperformance, and the fund's returns may vary based on market conditions. It's important to assess your risk tolerance and long-term investment goals before adding this fund to your portfolio. Consulting a financial advisor can help you determine if this scheme suits your overall investment strategy.

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.

Secure Your Retirement With SIPs

For many investors, a Systematic Investment Plan (SIP) is an excellent option when it comes to retirement planning. SIPs make disciplined investing possible by automating regular contributions, which add up to an impressive retirement fund over time. This strategy guarantees a stable retirement and mitigates market volatility. Take advantage of the mutual fund SIP calculator offered by Angel One to visualise how your investments can grow and assist in making informed decisions to achieve your retirement goals.

FAQs

What is today's NAV of Union Value 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 Value Fund Jun 18 2024 is 28.26

What is the AUM of Union Value 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 Value Fund is 245.74 crore.

What is the expense ratio of Union Value 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 Value Fund is 1.4%

What are the returns of Union Value Fund since inception?

The Union Value Fund was launched on Nov 14 2018. The fund has delivered a CAGR of 20.56 since inception.

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

How do I invest in Union Value 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 Value 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 Value 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 Value 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.