August 22, 2024
mayank
Union Children’s Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.2400
NAV IDCW: Rs 12.2400
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. Click here to read a primer on SIP investing.
Fund’s Investment Strategy:
The Scheme is to generate long term capital appreciation 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 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
3) Parijat Agrawal
Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.
Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
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 Children’s Fund
| Fund House | Union Mutual Fund |
| Launch Date | 19-Dec-23 |
| Return Since Launch | 22.40% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 55 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.80% |
| (As on 31-Jul-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Union Children’s Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Children’s Dir | 21.19 | 0.25 | 3.82 | 11.48 | 17.47 | — | — | — | — | — |
| VR Balanced TRI | 14.16 | 0.26 | 1.18 | 9.77 | 12.25 | — | — | — | — | — |
| Hybrid: Aggressive Hybrid | 19.51 | 0.31 | 2.46 | 9.66 | 15.79 | — | — | — | — | — |
| Rank within category | 13 | 27 | 4 | 10 | 11 | — | — | — | — | — |
| Number of funds in category | 46 | 47 | 47 | 46 | 46 | 44 | 43 | 39 | 29 | 23 |
Peer Comparison of Union Children’s 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 Children’s Dir | Unrated | — | — | — | 0.80 | 55 | 22.40 | — | 8M | — |
| ICICI Pru Equity & Debt Dir | 5 star | 37.95 | 25.08 | 24.74 | 1.00 | 39,091 | 18.60 | 1.00 (365) | 11Y 7M | 31.00 |
| HDFC Children’s Gift Dir | 5 star | 28.71 | 19.09 | 21.18 | 0.90 | 9,780 | 17.09 | — | 11Y 7M | 13.30 |
| Kotak Equity Hybrid Dir | 4 star | 35.20 | 19.57 | 22.20 | 0.44 | 6,355 | 15.41 | 1.00 (365) | 11Y 7M | 55.24 |
| UTI Aggressive Hybrid Dir | 4 star | 35.49 | 19.87 | 21.09 | 1.26 | 6,064 | 14.42 | 1.00 (365) | 11Y 7M | 37.00 |
Portfolio Analysis of Union Children’s Fund
| No. of Stocks | 67 |
| Top 10 Holdings | 32.54% |
| Top 5 Stocks | 21.24% |
| Top 3 Sectors | 42.30% |
| Portfolio P/B Ratio | 5.06 |
| Portfolio P/E Ratio | 33.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,26,345 | 1,89,962 |
| Giant (%) | 42.28 | 54.38 |
| Large (%) | 23.63 | 17.23 |
| Mid (%) | 18.31 | 21.66 |
| Small (%) | 15.77 | 8.69 |
| Tiny (%) | — | 0.32 |
| Fund | Category | |
| Number of Securities | 68 | 78 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | Cash | — |
Chanakya’s Mutual Fund Guidance For Union Children’s Fund
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