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Union Corporate Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 4.60 0.08 0.08 1.63 2.00 4.93 11.83 -- -- -- --
VR Bond 4.51 0.04 0.06 0.95 2.14 5.03 8.47 -- -- -- --
Debt: Corporate Bond 4.64 0.03 0.10 1.69 2.24 4.97 10.36 -- -- -- --
Rank within category 11 2 11 13 15 11 3 -- -- -- --
Number of funds in category 19 19 19 19 19 19 19 13 12 9 7

As on 05-Jun-2020

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 4.94 (10-Jun-2019 - 09-Sep-2019) -4.31 (02-Apr-2019 - 02-Jul-2019)
Year 7.57 (01-Jun-2018 - 03-Jun-2019) 0.92 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.95 1.98 0.79 1.73 -- --
Debt: Corporate Bond* 7.08 2.68 0.98 1.92 0.64 0.70
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-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 19 13 66
Modified Duration (yrs) 3.29 3.29 2.45 --
Average Maturity (yrs) 4.26 4.26 3.22 --
Yield to Maturity (%) 6.32 8.71 6.32 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 9.30 8.83
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 7.42 - 9.15 8.76
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 8.61 8.61
down 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 8.67 8.49
down 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 8.95 8.43
down 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 8.84 8.29
down 7.35% HDFC 2025 Debenture AAA 0.00 - 8.73 8.19
down 6.88% REC 20/03/2025 Debenture AAA 0.00 - 8.62 8.11
down 7.25% The Ramco Cements 20/12/2021 Debenture AA+ 0.00 - 6.98 6.56
down 9.25% NTPC 2023 Bonds AAA 3.06 - 3.76 3.60
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.55 3.55
new 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 3.46 3.46
down 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 3.32 3.32
down Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 3.25 3.25
down Reserve Bank of India 182-D 13/08/2020 Treasury Bills SOV 0.00 - 0.68 0.66

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-Apr-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:


0.08%

Change from previous, NAV as on 05-Jun-2020

Growth: ₹ 11.3834

Dividend: ₹ 11.3834


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: 6.58%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 302 Cr (As on 30-Apr-2020)
Expense: 1.39% (As on 30-Apr-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: 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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