Union Equity Savings Fund Regular Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Small Industries Development Bank Of India||5.51%|
|Rural Electrification Corporation Limited||5.39%|
|Housing Development Finance Corporation Limited||5.37%|
|HDFC Bank Ltd||5.29%|
|Reliance Industries Ltd||4.06%|
|Housing Development Finance Corp Ltd||3.71%|
|ICICI Bank Ltd||3.4%|
|Adani Power Ltd.Mar 20||3.35%|
|Adani Power Ltd||3.34%|
About Union Equity Savings Fund
Union Equity Savings Fund is an open ended hybrid equity fund aimed at investing instruments related to equity, equity arbitrage strategies, and debt and money market instruments. These are very much suitable for investors who are looking for superior risk adjusted returns and an added advantage of tax efficiency.
Pros & Cons of Union Equity Savings Fund
Union Equity Savings Fund offers the following benefits: 1. Superior risk adjusted returns: The portfolio allocation of the fund is such that it delivers better risk adjusted returns over medium to long term. 2. It is poised for better post-tax returns and regular profit booking with great upside potential provided by equities.
Certain drawbacks of Union Equity Savings Fund 1. The fund need a very long term for its performance to show up. In short term it might perform only average.
Fund Information and Statistics of Union Equity Savings Fund
i) Inception/ Launch date
Unity Equity Savings Fund was launched on Aug 02, 2018 IIFL Holdings Mutual Fund AMC.
ii) Risk level
Being an equity oriented fund, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Vinay Paharia has been managing the fund since July 2018.
v) Entry / Exit load
The exit load is 1% if the units are redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP. Also if redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase, the same applies.
Tax benefits of investing in the fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About Union Mutual Funds
Union Equity Savings Fund are managed by Union Mutual Fund, one of India’s most trusted fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 10+ mutual fund products, across equity and debt.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns