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Fund Overview

Fund Size

Fund Size

₹432 Cr

Expense Ratio

Expense Ratio

0.37%

ISIN

ISIN

INF582M01DU5

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

31 May 2018

About this fund

Union Corporate Bond Fund Direct Growth is a Corporate Bond mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 5 years, 10 months and 20 days, having been launched on 31-May-18.
As of 19-Apr-24, it has a Net Asset Value (NAV) of ₹14.05, Assets Under Management (AUM) of 432.40 Crores, and an expense ratio of 0.37%.
  • Union Corporate Bond Fund Direct Growth has given a CAGR return of 5.94% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 95.10% in debts, and 4.64% in cash & cash equivalents.
  • You can start investing in Union Corporate Bond Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.69%

+5.80%(Cat. Avg.)

3 Years

+4.96%

+4.61%(Cat. Avg.)

5 Years

+5.59%

+5.83%(Cat. Avg.)

Since Inception

+5.94%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Debt411.23 Cr95.10%
Others21.17 Cr4.90%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.18% Govt Stock 2033Bond - Gov't/Treasury25.01 Cr5.78%
State Bank Of IndiaBond - Corporate Bond24.36 Cr5.63%
7.32% Govt Stock 2030Bond - Gov't/Treasury20.15 Cr4.66%
Indian Railway Finance Corporation LimitedBond - Corporate Bond14.99 Cr3.47%
Bajaj Housing Finance LimitedBond - Corporate Bond14.98 Cr3.47%
HDFC Bank LimitedBond - Corporate Bond14.97 Cr3.46%
Bajaj Finance LimitedBond - Corporate Bond14.97 Cr3.46%
Small Industries Development Bank Of IndiaBond - Corporate Bond14.95 Cr3.46%
Small Industries Development Bank Of IndiaBond - Corporate Bond14.91 Cr3.45%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond14.9 Cr3.45%
Power Finance Corporation LimitedBond - Corporate Bond14.88 Cr3.44%
Net Receivable / PayableCash - Collateral14.27 Cr3.30%
Reliance Industries LimitedBond - Corporate Bond10.13 Cr2.34%
Rural Electrification Corporation LimitedBond - Corporate Bond10.1 Cr2.34%
Power Finance Corporation Ltd.Bond - Corporate Bond10.06 Cr2.33%
Larsen And Toubro LimitedBond - Corporate Bond10.06 Cr2.33%
Rural Electrification Corporation LimitedBond - Corporate Bond10.04 Cr2.32%
National Housing BankBond - Corporate Bond10.03 Cr2.32%
National Bank for Agriculture and Rural DevelopmentBond - Gov't Agency Debt10.03 Cr2.32%
Small Industries Development Bank Of IndiaBond - Corporate Bond10.02 Cr2.32%
Sikka Ports & Terminals LimitedBond - Corporate Bond10 Cr2.31%
National Housing BankBond - Corporate Bond9.98 Cr2.31%
Indian Railway Finance Corporation LimitedBond - Corporate Bond9.98 Cr2.31%
Indian Oil Corporation LimitedBond - Corporate Bond9.98 Cr2.31%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond9.97 Cr2.31%
Power Finance Corporation Ltd.Bond - Corporate Bond9.97 Cr2.31%
Indian Railway Finance Corporation LimitedBond - Corporate Bond9.96 Cr2.30%
Bajaj Finance LimitedBond - Corporate Bond9.96 Cr2.30%
Kotak Mahindra Prime LimitedBond - Corporate Bond9.96 Cr2.30%
HDFC Bank LimitedBond - Corporate Bond9.96 Cr2.30%
LIC Housing Finance LimitedBond - Corporate Bond9.95 Cr2.30%
Rural Electrification Corporation LimitedBond - Corporate Bond9.93 Cr2.30%
Kotak Mahindra Prime Ltd.Bond - Corporate Bond9.93 Cr2.30%
TrepsCash - Repurchase Agreement7.9 Cr1.83%
7.06% Govt Stock 2028Bond - Gov't/Treasury4.98 Cr1.15%
Muthoot Finance LimitedBond - Corporate Bond4.92 Cr1.14%
Corporate Debt Mkt Devp. Fund-A2Mutual Fund - Open End1.15 Cr0.27%
182 DTB 27062024Bond - Gov't/Treasury0.11 Cr0.03%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond348.8 Cr80.67%
Bond - Gov't/Treasury50.25 Cr11.62%
Cash - Collateral14.27 Cr3.30%
Bond - Gov't Agency Debt10.03 Cr2.32%
Cash - Repurchase Agreement7.9 Cr1.83%
Mutual Fund - Open End1.15 Cr0.27%

Risk & Performance Ratios

Standard Deviation

This fund

1.25%

Cat. avg.

1.62%

Lower the better

Sharpe Ratio

This fund

-0.28

Cat. avg.

-0.27

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.25

Higher the better

Fund Managers

PA

Parijat Agrawal

Since May 2018

Anindya Sarkar

Anindya Sarkar

Since November 2018

Shrenuj Parekh

Shrenuj Parekh

Since July 2023

Additional Scheme Detailsas of 31st March 2024

ISININF582M01DU5Expense Ratio0.37%Exit Load1.00%Fund Size₹432 CrAge31 May 2018Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Corporate Bond A-II TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Corporate Bond Funds

Fund nameExpense RatioExit LoadFund size
1Y
TrustMF Corporate Bond Fund Regular Growth

Moderate Risk

0.7%0.0%₹81.87 Cr6.3%
TrustMF Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹81.87 Cr6.7%
Baroda BNP Paribas Corporate Bond Fund Regular Growth

Moderate Risk

0.6%0.0%₹147.58 Cr6.8%
Bandhan Corporate Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹13763.85 Cr6.7%
Bandhan Corporate Bond Fund Regular Growth

Moderate Risk

0.6%0.0%₹13763.85 Cr6.4%
HDFC Corporate Bond Fund Regular Growth

Moderate Risk

0.6%0.0%₹28499.19 Cr7.4%
Sundaram Corporate Bond Fund Regular Growth

Moderate Risk

0.6%0.0%₹756.25 Cr6.2%
Franklin India Corporate Debt Fund Regular Growth

Low to Moderate Risk

0.8%0.0%₹741.84 Cr6.3%
Nippon India Corporate Bond Fund Regular Growth

Moderate Risk

0.8%0.0%₹2818.43 Cr7.0%
Union Corporate Bond Fund Regular Growth

Moderate Risk

0.7%1.0%₹432.40 Cr6.4%

About the AMC

Total AUM

₹17,141 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.7%0.0%₹42.54 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.9%1.0%₹600.98 Cr-
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-6.7%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹3669.91 Cr45.3%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹591.13 Cr29.4%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.7%1.0%₹226.58 Cr6.3%
Union Value Discovery Fund Direct Growth

Very High Risk

1.4%1.0%₹226.87 Cr43.7%
Union Multicap Fund Direct Growth

Very High Risk

1.1%1.0%₹832.45 Cr42.5%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.2%1.0%₹1608.71 Cr19.9%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.8%1.0%₹156.51 Cr15.0%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹156.38 Cr8.5%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.5%0.0%₹846.64 Cr37.3%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.3%1.0%₹112.09 Cr6.0%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1986.67 Cr39.2%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹2894.14 Cr7.4%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1064.70 Cr45.3%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹133.90 Cr6.6%
Union Largecap Fund Direct Growth

Very High Risk

1.8%1.0%₹318.76 Cr34.8%
Union Retirement Fund Direct Growth

Very High Risk

1.8%0.0%₹120.24 Cr41.0%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹432.40 Cr6.7%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹255.97 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.6%1.0%₹388.31 Cr31.9%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹181.49 Cr7.2%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹705.70 Cr37.5%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of Union Corporate Bond Fund Direct Growth, as of 19-Apr-2024, is ₹14.05.
The fund has generated 6.69% over the last 1 year and 4.96% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 95.10% in bonds, and 4.64% in cash and cash equivalents.
The fund managers responsible for Union Corporate Bond Fund Direct Growth are:-
  1. Parijat Agrawal
  2. Anindya Sarkar
  3. Shrenuj Parekh