August 23, 2024
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Union Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 16.8700
NAV IDCW: Rs 16.8700
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seek capital appreciation and/or to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments.
Fund Manager:
1) 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
2) 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.
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) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Equity Savings Fund
| Fund House | Union Mutual Fund |
| Launch Date | 09-Aug-18 |
| Return Since Launch | 9.62% |
| Benchmark | CRISIL Equity Saving |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 133 Cr |
| (As on 31-Jul-2024) | |
| Expense | 1.42% |
| (As on 31-Jul-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 745.00% |
Trailing Returns (%) of Union Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Equity Savings Dir | 8.49 | 0.06 | 1.02 | 4.07 | 6.03 | 14.76 | 8.44 | 9.85 | — | — |
| VR MIP TRI | 10.04 | 0.15 | 1.08 | 6.10 | 8.09 | 17.24 | 10.19 | 10.64 | — | — |
| Hybrid: Equity Savings | 10.45 | 0.13 | 1.37 | 5.01 | 7.99 | 17.33 | 10.76 | 11.74 | — | — |
| Rank within category | 17 | 19 | 17 | 16 | 19 | 16 | 19 | 18 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 14 | 1 |
Peer Comparison of Union Equity Savings 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 Equity Savings Dir | 2 star | 14.76 | 8.44 | 9.85 | 1.42 | 133 | 9.62 | 1.00 (15) | 6Y | 745.00 |
| ICICI Pru Equity Savings Dir | 4 star | 10.62 | 9.24 | 9.61 | 0.50 | 10,939 | 8.80 | 0.25 (7) | 9Y 8M | 61.00 |
| Kotak Equity Savings Dir | 5 star | 21.89 | 14.16 | 13.48 | 0.69 | 6,541 | 10.80 | 1.00 (90) | 9Y 10M | 480.70 |
| Mirae Asset Equity Savings Dir | 4 star | 19.03 | 11.73 | 14.34 | 0.34 | 1,189 | 13.31 | 1.00 (365) | 5Y 8M | 445.00 |
| Sundaram Equity Savings Dir | 4 star | 20.59 | 13.39 | 13.30 | 0.54 | 882 | 9.68 | — | 22Y 3M | 42.00 |
Portfolio Analysis of Union Equity Savings Fund
| Number of Stocks | 82 |
| Number of Bonds | 6 |
| Average Maturity (yrs) | 0.31 |
| Top 10 Holdings | 40.35% |
| Portfolio P/B Ratio | 4.00 |
| Portfolio P/E Ratio | 24.71 |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 120 | 111 |
| Macaulay Duration (yrs) | 0.3 | 2.38 |
| Average Maturity (yrs) | 0.31 | 3.31 |
| Yield to Maturity (%) | 6.71 | 7.09 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Union Equity Savings Fund
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