August 24, 2024
mayank
Union Medium Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.1934
NAV IDCW: Rs 12.1934
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme seeks to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments.
Fund Manager:
1) 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.
2) 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 | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Medium Duration Fund
| Fund House | Union Mutual Fund |
| Launch Date | 14-Sep-20 |
| Return Since Launch | 5.16% |
| Benchmark | CRISIL Medium Duration Debt A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 105 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.64% |
| (As on 31-Jul-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Union Medium Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Medium Duration Dir | 5.28 | -0.01 | 0.91 | 2.24 | 3.96 | 7.78 | 4.99 | — | — | — |
| VR Bond | 6.07 | 0.04 | 0.90 | 2.44 | 4.05 | 8.50 | 6.06 | — | — | — |
| Debt: Medium Duration | 5.73 | 0.01 | 0.93 | 2.38 | 4.29 | 8.29 | 6.46 | — | — | — |
| Rank within category | 14 | 16 | 10 | 12 | 14 | 13 | 15 | — | — | — |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 14 | 12 | 9 |
Peer Comparison of Union Medium Duration 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 Medium Duration Dir | 2 star | 7.78 | 4.99 | — | 0.64 | 105 | 5.16 | 1.00 (15) | 3Y 11M |
| ICICI Pru Medium Term Bond Dir | 4 star | 8.38 | 6.70 | 7.91 | 0.74 | 6,054 | 8.49 | 1.00 (365) | 11Y 7M |
| SBI Magnum Medium Duration Dir | 4 star | 8.25 | 6.32 | 7.61 | 0.69 | 5,876 | 9.00 | 1.50 (365) | 11Y 7M |
| Axis Strategic Bond Dir | 4 star | 9.03 | 6.91 | 7.81 | 0.42 | 1,942 | 8.62 | 1.00 (365) | 11Y 7M |
| ABSL Medium Term Dir | 5 star | 8.89 | 13.61 | 9.56 | 0.85 | 1,869 | 9.44 | 2.00 (365) | 11Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 36 |
| Macaulay Duration (yrs) | 3.96 | 3.63 |
| Average Maturity (yrs) | 4.90 | 5.00 |
| Yield to Maturity (%) | 7.16 | 7.71 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Medium Duration Fund
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Quicklinks
Union Medium Duration
Union Medium Duration 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 Medium Duration Fund?
Union Medium Duration Fund – Direct Plan is mandated to invest in bonds such that the duration of the portfolio is between three to four years.
How to Invest in Union Medium Duration?
Mutual funds can be bought directly from the website of the fund house. For instance, Union Medium Duration 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 Medium Duration?
The riskometer level of Union Medium Duration Fund – Direct Plan is Moderate.
What is the expense ratio of Union Medium Duration Fund?
The expense ratio of Union Medium Duration Fund – Direct Plan is 0.64.