August 27, 2024
mayank
Union Retirement Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 16.0500
NAV IDCW: Rs 16.0500
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors.
Fund Manager:
1) Hardick Bora
Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience: Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services Pvt. Ltd.
2) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | 5 Years |
| Exit Load | 0 |
Basic Details of Union Retirement Fund
| Fund House | Union Mutual Fund |
| Launch Date | 22-Sep-22 |
| Return Since Launch | 27.80% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 144 Cr |
| (As on 31-Jul-2024) | |
| Expense | 1.11% |
| (As on 31-Jul-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 124.00% |
Trailing Returns (%) of Union Retirement Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Retirement Dir | 21.32 | 0.63 | 1.65 | 9.26 | 15.88 | 37.41 | — | — | — | — |
| VR Balanced TRI | 15.17 | 0.68 | 0.92 | 8.82 | 12.93 | 28.50 | — | — | — | — |
| Hybrid: Aggressive Hybrid | 20.42 | 0.39 | 1.46 | 9.28 | 15.90 | 34.14 | — | — | — | — |
| Rank within category | 17 | 4 | 18 | 21 | 22 | 12 | — | — | — | — |
| Number of funds in category | 46 | 47 | 47 | 46 | 46 | 44 | 43 | 39 | 29 | 23 |
Peer Comparison of Union Retirement Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Union Retirement Dir | Unrated | 37.41 | — | — | 1.11 | 144 | 27.80 | — | 1Y 11M | 124.00 |
| ICICI Pru Equity & Debt Dir | 5 star | 39.16 | 25.16 | 24.84 | 0.99 | 39,091 | 18.68 | 1.00 (365) | 11Y 7M | 32.00 |
| HDFC Children’s Gift Dir | 5 star | 29.22 | 18.90 | 21.04 | 0.90 | 9,780 | 17.12 | — | 11Y 7M | 13.30 |
| Kotak Equity Hybrid Dir | 4 star | 35.52 | 19.59 | 22.15 | 0.44 | 6,355 | 15.47 | 1.00 (365) | 11Y 7M | 55.24 |
| UTI Aggressive Hybrid Dir | 4 star | 36.41 | 19.98 | 21.09 | 1.26 | 6,064 | 14.48 | 1.00 (365) | 11Y 7M | 37.00 |
Portfolio Analysis of Union Retirement Fund
| No. of Stocks | 65 |
| Top 10 Holdings | 34.34% |
| Top 5 Stocks | 22.79% |
| Top 3 Sectors | 39.30% |
| Portfolio P/B Ratio | 4.99 |
| Portfolio P/E Ratio | 32.99 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,48,107 | 1,89,962 |
| Giant (%) | 45.89 | 54.38 |
| Large (%) | 23.53 | 17.23 |
| Mid (%) | 18.36 | 21.66 |
| Small (%) | 12.21 | 8.69 |
| Tiny (%) | — | 0.32 |
| Fund | Category | |
| Number of Securities | 66 | 78 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Union Retirement Fund
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Quicklinks
Union Retirement Fund
Union Retirement Fund details, NAV, Fund Portfolio, Peer Comparison, Fund Managers, Mutual Fund Guidance, mutual fund, Best funds to invest, Best Funds, Fund Returns, Fund Analysis
What is Union Retirement Fund?
The Scheme seeks to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors.
How to Invest in Union Retirement Fund?
Mutual funds can be bought directly from the website of the fund house. For instance, Union Retirement Fund – Direct Plan fund can be purchased from the website of Union Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
What is the Riskometer level of Union Retirement Fund?
The riskometer level of Union Retirement Fund – Direct Plan is Very High.
What is the expense ratio of Union Retirement Fund?
The expense ratio of Union Retirement Fund – Direct Plan is 1.11.