Union Largecap Fund
NAV : ₹ 23.75 as of 18 October, 2024
3Y Returns
▲10.20%
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,49,426 (+14.14%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
Other Scheme Info
Inclusive of GST
Exit load of 1%, if redeemed within 15 days.
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Union Largecap Fund Managers
Vinod Malviya
May 2024 - Present
Hardick Bora
Jan 2023 - Present
List of Union Mutual Fund’s top performing schemes
Fund House
Union Mutual Fund
Total AUM: 14446.51Cr
Union Mutual Fund, the investment arm of Union Bank of India, has been a significant player in India's asset management sector for over a decade. Established in December 2009, the AMC aimed to build a robust asset management portfolio in India. Leveraging the extensive client base of Union Bank of India, the AMC capitalized on its established network. It initially operated in collaboration with KBC Asset Management NV, a Belgium-based AMC, under the name Union KBC Mutual Fund, where Union Bank maintained the majority stake of 51%, and with KBC holding a 49% share.
The partnership concluded in 2016 as KBC withdrew from the agreement, leading to Union Bank of India acquiring their shares, thus making Union Mutual Fund its wholly-owned subsidiary. In 2017, Dai-ichi Life, a prominent Japanese financial services company, acquired a 39.62% stake in the AMC.
As of December 2023, the fund house reported assets under management (AUM) averaging Rs. 13,594 crores.
Learn more about Union Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for Union Largecap Fund
What is the NAV of Union Largecap Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of Union Largecap Fund is ₹23.75
What is the AUM of Union Largecap Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of Union Largecap Fund is ₹434.87 Cr.
What is the minimum SIP amount for Union Largecap Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Union Largecap Fund is ₹500
What is the Expense Ratio of Union Largecap Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of Union Largecap Fund is 2.5%
What is the Exit load of Union Largecap Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of Union Largecap Fund is Exit load of 1%, if redeemed within 15 days..
