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2 star

Union Corporate Bond Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 7.99 0.04 0.32 1.10 5.17 6.87 12.28 -- -- -- --
VR Bond 5.81 -0.01 -0.04 0.78 2.32 5.33 7.22 -- -- -- --
Debt: Corporate Bond 7.63 0.04 0.28 0.99 4.80 6.46 10.88 -- -- -- --
Rank within category 7 6 3 4 5 6 2 -- -- -- --
Number of funds in category 15 15 15 15 15 15 15 11 9 8 7

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Corporate Bond Fund - Regular Plan
2 star
May-18 12.28 -- -- 1.00 313
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.73 8.94 9.10 0.45 20,061
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 11.57 8.94 9.17 0.60 18,360
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 11.16 8.44 8.67 0.59 15,799
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
Sep-07 10.07 8.60 8.58 0.61 4,607

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.52 (24-Mar-2020 - 31-Mar-2020) -5.72 (03-Jun-2019 - 10-Jun-2019)
Month 4.33 (24-Mar-2020 - 23-Apr-2020) -4.82 (31-May-2019 - 01-Jul-2019)
Quarter 7.19 (26-Mar-2020 - 25-Jun-2020) -4.31 (02-Apr-2019 - 02-Jul-2019)
Year 13.11 (12-Jul-2019 - 13-Jul-2020) 0.92 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.81 1.95 0.81 1.77 -- --
Debt: Corporate Bond* 7.25 2.85 1.10 2.20 0.60 1.07
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 19 13 73
Modified Duration (yrs) 3.28 3.33 2.54 2.74
Average Maturity (yrs) 4.18 4.26 3.22 3.45
Yield to Maturity (%) 5.52 7.72 5.52 6.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 9.30 8.87
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 8.67 8.45
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 8.84 8.43
equal 7.35% HDFC 2025 Debenture AAA 0.00 - 8.73 8.32
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 8.37 8.32
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 8.34 8.27
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 8.20 8.16
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 8.62 8.15
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 6.67 6.67
equal 7.25% The Ramco Cements 20/12/2021 Debenture AA+ 0.00 - 6.98 6.52
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.55 3.48
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 3.46 3.41
up Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 3.36 3.36
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 3.32 3.31
equal Reserve Bank of India 182-D 13/08/2020 Treasury Bills SOV 0.00 - 0.68 0.64

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Parijat Agrawal since 04-May-2018

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.

Funds Managed:


0.04%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 11.7525

Dividend: ₹ 11.7525


Investment Strategy

The scheme seeks to achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: Union Mutual Fund
Launch Date: 25-May-2018
Return Since Launch: 7.63%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 313 Cr (As on 30-Jun-2020)
Expense: 1.00% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Below Average

Contact Information

AMC: Union Asset Management Company Pvt.Ltd.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone: 022-67483300 / 1800-200-2268

Fax: 022-67483400/3401/3402

Email: [email protected]

Website: http://www.unionmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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