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Union Corporate Bond Fund Direct Growth
DebtCorporate BondModerate Risk
Direct
NAV (21-Nov-24)
₹14.790.02%1D
Returns (Since Inception)
6.23%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹279 Cr
Expense Ratio
0.38%
ISIN
INF582M01DU5
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
31 May 2018
About this fund
Union Corporate Bond Fund Direct Growth is a Corporate Bond mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 6 years, 5 months and 22 days, having been launched on 31-May-18.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.79, Assets Under Management (AUM) of 279.48 Crores, and an expense ratio of 0.38%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.79, Assets Under Management (AUM) of 279.48 Crores, and an expense ratio of 0.38%.
- Union Corporate Bond Fund Direct Growth has given a CAGR return of 6.23% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 92.28% in debts, and 7.30% in cash & cash equivalents.
- You can start investing in Union Corporate Bond Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.51%
+7.76% (Cat Avg.)
3 Years
+5.75%
+5.75% (Cat Avg.)
5 Years
+6.28%
+6.14% (Cat Avg.)
Since Inception
+6.23%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹257.91 Cr | 92.28% |
| Others | ₹21.57 Cr | 7.72% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹20.36 Cr | 7.28% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹15.38 Cr | 5.50% |
| Reliance Industries Limited | Bond - Corporate Bond | ₹10.38 Cr | 3.71% |
| 7.23% Govt Stock 2039 | Bond - Gov't/Treasury | ₹10.32 Cr | 3.69% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹10.23 Cr | 3.66% |
| National Housing Bank | Bond - Corporate Bond | ₹10.2 Cr | 3.65% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹10.13 Cr | 3.63% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.11 Cr | 3.62% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹10.1 Cr | 3.61% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹10.1 Cr | 3.61% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.09 Cr | 3.61% |
| National Bank for Agriculture and Rural Development | Bond - Gov't Agency Debt | ₹10.09 Cr | 3.61% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.07 Cr | 3.60% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹10.07 Cr | 3.60% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹10.06 Cr | 3.60% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹10.06 Cr | 3.60% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹10.05 Cr | 3.59% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹10.04 Cr | 3.59% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹10.03 Cr | 3.59% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.02 Cr | 3.59% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹10 Cr | 3.58% |
| LIC Housing Finance Ltd. | Bond - Corporate Bond | ₹9.98 Cr | 3.57% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹9.97 Cr | 3.57% |
| Treps | Cash - Repurchase Agreement | ₹8.64 Cr | 3.09% |
| Net Receivable / Payable | Cash - Collateral | ₹7.76 Cr | 2.78% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹5.1 Cr | 1.83% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.97 Cr | 1.78% |
| Axis Bank Ltd.** | Cash | ₹3.83 Cr | 1.37% |
| Corporate Debt Mkt Devp. Fund-A2 | Mutual Fund - Open End | ₹1.18 Cr | 0.42% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹0.16 Cr | 0.06% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹196.66 Cr | 70.37% |
| Bond - Gov't/Treasury | ₹51.32 Cr | 18.36% |
| Bond - Gov't Agency Debt | ₹10.09 Cr | 3.61% |
| Cash - Repurchase Agreement | ₹8.64 Cr | 3.09% |
| Cash - Collateral | ₹7.76 Cr | 2.78% |
| Cash | ₹3.83 Cr | 1.37% |
| Mutual Fund - Open End | ₹1.18 Cr | 0.42% |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
1.25%
Cat. avg.
1.50%
Lower the better
Sharpe Ratio
This fund
-0.33
Cat. avg.
-0.26
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.24
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st October 2024
ISIN INF582M01DU5 | Expense Ratio 0.38% | Exit Load 1.00% | Fund Size ₹279 Cr | Age 6 years 5 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Corporate Bond A-II TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Corporate Bond Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| TrustMF Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹74.84 Cr | 7.8% |
| TrustMF Corporate Bond Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹74.84 Cr | 8.2% |
| Baroda BNP Paribas Corporate Bond Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹202.85 Cr | 8.5% |
| Bandhan Corporate Bond Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹14098.42 Cr | 7.9% |
| Bandhan Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹14098.42 Cr | 7.6% |
| HDFC Corporate Bond Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹32510.60 Cr | 8.6% |
| Sundaram Corporate Bond Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹740.39 Cr | 8.2% |
| Franklin India Corporate Debt Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹764.91 Cr | 7.6% |
| Nippon India Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹6312.17 Cr | 8.6% |
| Union Corporate Bond Fund Regular Growth Moderate Risk | 0.7% | 1.0% | ₹279.48 Cr | 8.2% |
About the AMC
Union Mutual Fund
Total AUM
₹21,661 Cr
Address
Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013
Other Funds by Union Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Union Children's Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹59.22 Cr | - |
| Union Innovation & Opportunities Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹847.59 Cr | 37.2% |
| Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Moderate Risk | - | 0.0% | - | 8.0% |
| Union Small Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹5352.82 Cr | 19.0% |
| Union Hybrid Equity Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹630.99 Cr | 18.9% |
| Union Medium Duration Fund Direct Growth Moderate Risk | 0.6% | 1.0% | ₹227.80 Cr | 8.0% |
| Union Value Discovery Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹294.54 Cr | 24.7% |
| Union Multicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1075.38 Cr | 24.5% |
| Union Balanced Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1462.37 Cr | 15.8% |
| Union Equity Savings Fund Direct Growth Moderate Risk | 1.4% | 1.0% | ₹340.50 Cr | 11.5% |
| Union Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹245.03 Cr | 8.4% |
| Union Tax Saver (ELSS) Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹930.85 Cr | 22.0% |
| Union Dynamic Bond Fund Direct Growth Moderate Risk | 1.2% | 1.0% | ₹79.52 Cr | 9.0% |
| Union Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1756.94 Cr | 21.1% |
| Union Liquid Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5349.95 Cr | 7.5% |
| Union Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1350.50 Cr | 30.1% |
| Union Gilt Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹150.10 Cr | 9.7% |
| Union Largecap Fund Direct Growth Very High Risk | 1.6% | 1.0% | ₹433.40 Cr | 20.0% |
| Union Retirement Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹151.21 Cr | 23.2% |
| Union Corporate Bond Fund Direct Growth Moderate Risk | 0.4% | 1.0% | ₹279.48 Cr | 8.5% |
| Union Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹371.73 Cr | 6.7% |
| Union Focused Fund Direct Growth Very High Risk | 1.5% | 1.0% | ₹415.68 Cr | 20.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Large & Midcap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹833.86 Cr | 23.6% |
Risk Level
Your principal amount will be at Moderate Risk
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We're here to help.
What is the current NAV of Union Corporate Bond Fund Direct Growth?
The NAV of Union Corporate Bond Fund Direct Growth, as of 21-Nov-2024, is ₹14.79.
What are the returns of Union Corporate Bond Fund Direct Growth?
The fund has generated 8.51% over the last 1 year and 5.75% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Union Corporate Bond Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 92.28% in bonds, and 7.30% in cash and cash equivalents.
Who manages the Union Corporate Bond Fund Direct Growth?
The fund managers responsible for Union Corporate Bond Fund Direct Growth are:-
- Parijat Agrawal
- Anindya Sarkar
- Shrenuj Parekh
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.