August 23, 2024
mayank
Union Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.5004
NAV IDCW: Rs 14.5004
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities.
Fund Manager:
1) 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.
2) Shrenuj Parekh
Education: Mr. Parekh has done B.Com and CA
Experience: Prior to joining Union Mutual Fund, Crisil Ltd, Axis Bank and Deloitte
3) Anindya Sarkar
Education: Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
Experience: Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.
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) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Corporate Bond Fund
| Fund House | Union Mutual Fund |
| Launch Date | 25-May-18 |
| Return Since Launch | 6.13% |
| Benchmark | CRISIL Corporate Debt A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 365 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.38% |
| (As on 31-Jul-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Union Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Corporate Bond Dir | 5.43 | 0.02 | 0.88 | 2.22 | 4.14 | 7.98 | 5.27 | 6.37 | — | — |
| VR Bond | 6.02 | 0.03 | 0.97 | 2.49 | 4.03 | 8.59 | 6.05 | 5.56 | — | — |
| Debt: Corporate Bond | 5.46 | 0.03 | 0.87 | 2.22 | 4.15 | 8.03 | 5.75 | 6.70 | — | — |
| Rank within category | 11 | 16 | 9 | 11 | 13 | 12 | 17 | 16 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 19 | 14 | 11 |
Peer Comparison of Union Corporate Bond 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 | |
| Union Corporate Bond Dir | 2 star | 7.98 | 5.27 | 6.37 | 0.38 | 365 | 6.13 | 1.00 (15) | 6Y 2M |
| HDFC Corporate Bond Dir | 4 star | 8.36 | 6.10 | 7.09 | 0.36 | 29,726 | 8.12 | — | 11Y 7M |
| ICICI Pru Corporate Bond Dir | 5 star | 8.04 | 6.55 | 7.25 | 0.35 | 27,056 | 8.20 | — | 11Y 7M |
| ABSL Corporate Bond Dir | 4 star | 8.38 | 6.20 | 7.25 | 0.34 | 20,994 | 8.23 | — | 11Y 7M |
| Axis Corporate Debt Dir | 4 star | 8.39 | 6.32 | 7.47 | 0.30 | 5,511 | 7.49 | — | 7Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 30 | 73 |
| Macaulay Duration (yrs) | 4.09 | 3.58 |
| Average Maturity (yrs) | 5.06 | 4.71 |
| Yield to Maturity (%) | 7.41 | 7.50 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Corporate Bond Fund
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