Review of Union Active Momentum Fund NFO
November 21, 2024
mayank
Review of Union Active Momentum Fund NFO @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst.
[ A ] Benchmark Performance of NIFTY 500 TRI
Performance
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -6.52 | 16.78 | 35.05 | 18.55 | 11.02 |
| Total Return | -6.45 | 17.80 | 36.33 | 19.77 | 12.74 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.51 | 18.44 | 22.31 |
| Beta (NIFTY 50) | 1.03 | 0.96 | 0.93 |
| Correlation (NIFTY 50) | 0.96 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 26.07 | 3.95 | 1.13 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 7.09 |
| ICICI Bank Ltd | 4.90 |
| Reliance Industries Ltd. | 4.86 |
| Infosys Ltd. | 3.41 |
| ITC Ltd. | 2.45 |
| Bharti Airtel Ltd | 2.33 |
| Larsen & Toubro Ltd. | 2.30 |
| Tata Consultancy Services Ltd. | 2.18 |
| Axis Bank Ltd | 1.78 |
| State Bank of India | 1.70 |
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Sanjay Bembalkar
| Fund | Union ELSS Tax Saver Fund | It’s Benchmark | Union Largecap Fund | It’s Benchmark |
| 1 Year | 21.28 | 25.67 |
19.68 |
23.72 |
| 3 Year | 12.85 | 13.96 | 9.22 | 12.62 |
| 5 Year | 19.45 | 19.09 | 15.01 | 17.16 |
| 7 Year | 14.94 | 14.71 | 11.49 | 14.20 |
| 10 Year | 11.87 | 13.81 | — | — |
As on 21-11-2024
Past Performance of Gaurav Chopra
| Fund | Union Midcap Fund | It’s Benchmark | Union Equity Savings Fund | It’s Benchmark |
| 1 Year | 27.95 | 32.63 |
11.10 |
13.53 |
| 3 Year | 16.33 | 20.58 | 6.57 | 8.13 |
| 5 Year | — | — | 8.19 | 9.54 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 21-11-2024
Note on Fund Managers’ performance