Union Flexi Cap Fund Growth
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- Fund Summary
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|Risk||Very High Risk|
|Fund Type||Flexi Cap|
|Exit Load||1% for 15 Days|
More about this fund
|HDFC Bank Ltd||7.78%|
|ICICI Bank Ltd||4.81%|
|Housing Development Finance Corp Ltd||4.55%|
|Reliance Industries Ltd Shs Dematerialised||4.54%|
|Axis Bank Ltd||3.29%|
|Bharti Airtel Ltd||2.79%|
|Tata Consultancy Services Ltd||2.79%|
|Tube Investments of India Ltd Ordinary Shares||2.19%|
|Larsen & Toubro Ltd Shs Dematerialised||2.02%|
About Union Equity Fund
Being an open-ended equity fund, the scheme seeks to generate long term capital appreciation by investing substantially in portfolio consisting equity related securities and equities.
Pros and Cons of Union Equity Fund
This product is suitable for those who are seeking:
- Long term capital appreciation.
- The fund is invested in equity and equity related securities.
- To generate superior capital gains the scheme will invest in undervalued companies that offer opportunities.
Fund Information and Statistics of Union Equity Fund
Inception/ Launch date
The Union Equity Fund was launched on 10 June 2011 by Union Mutual Fund.
The scheme carries a moderately high level of risk. The units of this fund involves in investment risks including possible loss of the capital. The investment of this fund in equity and equity related securities is associated with the risks such as debt and money market securities, derivatives, securities lending and short selling.
The dispatch of redemption proceeds within 10 business days from the date of receipt of redemption request from the unit holder. The redemption of units can be done on any business days at NAV based prices.
Mr. Vinay Paharia is the fund manager of Union Equity fund since 2 April 2018.
Entry/ Exit Load
The entry load is NIL for investing in this scheme. The exit load of 1% is applicable if units are redeemed within 1 year from the date of allotment of units.
Tax benefits of investing in Union Equity Fund
Long term capital gains in excess of Rs 1 lakh are taxed at the rate of 10% without the benefit of indexation. The short term capital gains are taxed at the rate of 15%.
About Union Mutual Fund
Union Mutual Fund provides the right products at right time to the right client. By understanding the needs, they provide right financial solutions to their customers. The mutual fund promotes an investment culture that believes in systematic wealth creation in long term. Through responsible investing in capital markets their vision is to achieve sustainable prosperity.
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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