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Unrated

Union Medium Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 3.05 0.02 0.11 0.70 2.06 4.49 5.92 -- -- -- --
VR Bond 2.05 0.05 0.30 1.24 1.43 2.69 3.90 -- -- -- --
Debt: Medium Duration 4.87 0.11 0.24 0.92 2.82 5.09 8.05 -- -- -- --
Rank within category 15 9 15 16 9 9 14 -- -- -- --
Number of funds in category 18 19 19 19 18 18 18 14 13 10 0

As on 22-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Medium Duration Fund - Direct Plan
Unrated
Sep-20 5.92 -- -- 0.64 355
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.27 10.33 9.46 0.68 9,555
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 8.67 9.50 8.46 0.75 7,006
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.70 9.57 8.28 0.59 3,853
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
Jan-13 5.57 9.13 7.88 0.76 3,805

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.06 18-Mar-2021 - 25-Mar-2021 -1.10 29-Jan-2021 - 05-Feb-2021
Month 1.62 17-Mar-2021 - 16-Apr-2021 -1.92 08-Jan-2021 - 09-Feb-2021
Quarter 3.41 15-Mar-2021 - 14-Jun-2021 -1.77 17-Dec-2020 - 18-Mar-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.70 2.11 1.26 1.76 -- --
Debt: Medium Duration* 6.19 4.84 0.96 1.30 0.46 0.93
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 15 7 39
Modified Duration (yrs) 2.98 3.75 1.48 2.89
Average Maturity (yrs) 3.57 4.51 1.77 3.57
Yield to Maturity (%) 5.29 5.76 4.42 5.71
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 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 6.09 - 9.07 8.67
equal 5.22% GOI 15/06/2025 GOI Securities SOV 2.41 - 12.97 8.43
equal 7.83% Indian Railway Finance Corporation 21/03/2027 Bonds AAA 0.00 - 7.55 7.55
equal 7.50% NHPC 2025 Non Convertible Debenture AAA 0.00 - 7.52 7.52
equal 6.85% Power Grid Corporation 15/04/2025 Non Convertible Debenture AAA 0.00 - 7.35 7.35
equal 6.43% HDFC 29/09/2025 Debenture AAA 6.07 - 9.13 7.20
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 7.11 7.11
equal 5.94% REC 31/01/2026 Non Convertible Debenture AAA 0.00 - 7.03 7.03
equal 5.47% National Bank Agr. Rur. Devp 2025 Debenture AAA 0.00 - 7.01 7.01
equal 4.57% Ultratech Cement 29/12/2023 Debenture AAA 0.00 - 7.01 7.01
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 6.98 6.98
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 5.97 5.97
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.81 2.81
new Reserve Bank of India 91-D 28/10/2021 Treasury Bills SOV 0.00 - 0.10 0.10

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-Aug-2021

Fund Manager

— Anindya Sarkar since 24-Aug-2020

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:

— Parijat Agrawal since 24-Aug-2020

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:


0.02%

Change from previous, NAV as on 23-Sep-2021

Growth: ₹ 10.6080

IDCW: ₹ 10.6080


Investment Strategy

The scheme seeks to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments.

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

Basic Details

Fund House: Union Mutual Fund
Launch Date: 14-Sep-2020
Return Since Launch: 5.92%
Benchmark: CRISIL Medium Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 355 Cr (As on 31-Aug-2021)
Expense: 0.64% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

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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