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2 star

Union Corporate Bond Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 -0.17 -0.03 -0.10 1.21 0.04 1.24 8.80 -- -- -- --
VR Bond -0.12 -0.17 -0.23 0.73 -0.15 1.21 4.85 -- -- -- --
Debt: Corporate Bond 0.26 -0.03 -0.07 0.98 0.43 1.64 8.27 -- -- -- --
Rank within category 17 11 19 3 18 18 10 -- -- -- --
Number of funds in category 21 22 22 21 21 21 20 15 14 11 9

As on 16-Apr-2021

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 8.80 -- -- 0.91 378
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 9.69 8.83 8.50 0.60 29,880
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 10.20 8.93 8.51 0.44 23,508
IDFC Corporate Bond Fund - Regular Plan
4 star
Jan-16 10.05 8.08 7.94 0.58 22,943
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 9.35 8.35 8.05 0.59 19,146

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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* 6.55 2.13 0.98 1.35 -- --
Debt: Corporate Bond* 7.23 2.96 1.32 2.17 0.62 1.48
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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 12 90
Modified Duration (yrs) 2.43 3.33 2.43 2.11
Average Maturity (yrs) 2.83 4.26 2.83 2.61
Yield to Maturity (%) 5.09 6.32 4.55 5.11
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 6.94 - 8.43 6.94
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 8.34 6.91
equal 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 8.20 6.80
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 8.20 6.74
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 7.69 6.64
new 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 6.62 6.62
new 4.90% SIDBI 18/08/2023 Bonds/NCDs AAA 0.00 - 7.94 6.62
equal 5.94% REC 31/01/2026 Non Convertible Debenture AAA 0.00 - 7.28 6.51
equal 4.57% Ultratech Cement 29/12/2023 Debenture AAA 0.00 - 7.30 6.51
equal 5.78% HDFC-Warrant 11/2025 Debenture AAA 0.00 - 7.56 6.48
equal Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 3.25 - 7.68 6.41
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 7.88 6.39
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.16 2.81
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 8.61 2.72
equal 5.45% NTPC 15/10/2025 Debenture AAA 0.00 - 7.60 2.61
new Reserve Bank of India 364-D 27/05/2021 Treasury Bills SOV 0.00 - 0.20 0.20

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 31-Mar-2021

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:

— Anindya Sarkar since 01-Nov-2018

Education: Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM

Experience: Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.

Funds Managed:


-0.03%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 12.0249

IDCW: ₹ 12.0249


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
Lock-in Period Not Applicable
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: Union Mutual Fund
Launch Date: 25-May-2018
Return Since Launch: 6.57%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 378 Cr (As on 31-Mar-2021)
Expense: 0.91% (As on 31-Mar-2021)
Risk Grade: Above Average
Return Grade: 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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