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Union Corporate Bond Fund - Direct Plan download report

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Debt: Corporate Bond

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1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
Union Corporate Bond Fund Direct-G -0.32 0.05 0.03 -0.67 -0.89 -0.04 2.01 5.33 -- -- --
VR Bond -0.52 -0.03 0.19 -0.06 -0.84 -0.48 1.48 4.89 -- -- --
Debt: Corporate Bond -0.19 0.05 0.07 -0.54 -0.73 0.17 2.52 6.77 -- -- --
Rank within category 14 9 15 15 15 15 17 17 -- -- --
Number of funds in category 22 22 22 22 22 21 21 19 13 12 0

As on 17-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Corporate Bond Fund - Direct Plan
1 star
 May-18 2.01 5.33 -- 0.36% 402
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
 Jan-13 3.50 7.40 7.30 0.27% 17,711
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
 Jan-13 2.99 7.50 7.44 0.30% 15,360
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
 Jan-13 3.30 6.86 7.26 0.29% 9,535
Nippon India Corporate Bond Fund - Direct Plan  | Invest Online
5 star
 Jan-13 3.79 6.77 7.04 0.26% 2,885

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.52 24-Mar-2020 - 31-Mar-2020 -5.71 03-Jun-2019 - 10-Jun-2019
Month 4.36 24-Mar-2020 - 23-Apr-2020 -4.78 31-May-2019 - 01-Jul-2019
Quarter 7.29 26-Mar-2020 - 25-Jun-2020 -4.19 02-Apr-2019 - 02-Jul-2019
Year 13.54 12-Jul-2019 - 13-Jul-2020 1.33 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Union Corporate Bond Fund Direct-G 5.61 3.97 0.53 0.53 0.35 1.50
VR Bond 5.18 2.13 0.78 1.13 -- --
Debt: Corporate Bond 7.03 2.44 1.61 3.11 0.64 2.45
Rank within category 17 17 18 18 3 17
Number of funds in category 19 19 19 19 19 19

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 23 16 71
Modified Duration (yrs) 1.98 2.53 1.85 1.82
Average Maturity (yrs) 2.34 3.01 2.16 2.38
Yield to Maturity (%) 5.78 5.78 4.67 5.76
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 Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 5.01 - 7.02 7.02
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 5.31 - 6.55 6.33
new 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 0.00 - 6.43 6.27
equal 5.65% Bajaj Finance 2024 Debenture AAA 0.00 - 6.15 6.14
equal 4.57% Ultratech Cement 29/12/2023 Debenture AAA 5.05 - 6.22 6.13
equal 4.50% Oil & Natural Gas Corporation 2024 Debenture AAA 0.00 - 6.09 6.09
equal 5.94% REC 31/01/2026 Non Convertible Debenture AAA 5.07 - 6.23 6.07
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 4.97 - 6.12 6.04
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 3.74 - 6.41 3.75
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 3.72 3.72
equal 5.80% Kotak Mahindra Prime 20/02/2024 Debenture AAA 0.00 - 3.71 3.71
equal 6.87% Muthoot Finance 27/02/2025 Debenture AA+ 0.00 - 3.71 3.71
equal 5.39% Sundaram Finance 21/06/2024 Debenture AAA 0.00 - 3.67 3.66
equal 5.70% National Bank Agr. Rur. Devp 22-D 31/07/2025 Debenture AAA 0.00 - 5.56 3.66
equal 5.84% Bajaj Housing Finance 21/02/2024 Floating Rate Bond AAA 0.00 - 2.47 2.47
equal 5.99% LIC Housing Fin. 2025 Debenture AAA 0.00 - 2.46 2.45
equal HDFC 29/05/2026 Debenture AAA 0.00 - 2.42 2.42
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 2.45 2.42
equal 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 2.43 2.42
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 11.08 2.41
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 8.70 1.69
equal 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 2.32 1.21
equal Reserve Bank of India 91-D 12/05/2022 Treasury Bills SOV 0.00 - 0.22 0.22

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-2022

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:

0.05%

Change from previous, NAV as on 17-May-2022

Growth: ₹ 12.5000

IDCW: ₹ 12.5000

Investment Strategy

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

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 2,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 5.77%
Benchmark: CRISIL Corporate Bond Fund BIII Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 402 Cr (As on 30-Apr-2022)
Expense: 0.36% (As on 30-Apr-2022)
Risk Grade: Above Average
Return Grade: Low

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) 6748 3300

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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