How to Invest in Union Retirement Fund Direct Growth?

You can easily invest in Union Retirement Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Union Retirement Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Union Retirement Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Retirement Fund Direct Growth provide?

The Union Retirement Fund Direct Growth has been there from 22 Sep 2022 and the average annual returns provided by this fund is 21.91% since its inception.

How much expense ratio is charged by Union Retirement Fund Direct Growth?

The term Expense Ratio used for Union Retirement Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Union Retirement Fund Direct Growth is 0.59% as of 04 Dec 2023...

What is the AUM of Union Retirement Fund Direct Growth?

The AUM, short for Assets Under Management of Union Retirement Fund Direct Growth is ₹90.81Cr as of 04 Dec 2023.

How to Redeem Union Retirement Fund Direct Growth?

If you want to sell your Union Retirement Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Retirement Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Retirement Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Retirement Fund Direct Growth?

The NAV of Union Retirement Fund Direct Growth is ₹12.63 as of 01 Dec 2023.

What is the PE and PB ratio of Union Retirement Fund Direct Growth?

The PE ratio ratio of Union Retirement Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Union Retirement Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Union Retirement Fund Direct Growth
Solution Oriented
Retirement
Very High Risk
5Y Lock In
1M
6M
1Y
All
 NAV: 01 Dec 2023₹12.63
Min. SIP amount₹1,000
RatingNA
Fund size₹90.81Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Solution Oriented Retirement
Absolute returns
3M6M1YAll
Fund returns5.4%19.4%20.8%23.2%
Category averageNANA13.7%NA
Rank with in category534NA
Understand terms
Holdings (68)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity5.7%
ICICI Bank Ltd.
FinancialEquity5.3%
Larsen & Toubro Ltd.
ConstructionEquity4.5%
Reliance Industries Ltd.
EnergyEquity4.0%
Tata Motors Ltd. - DVR Ordinary
AutomobileEquity3.6%
Ultratech Cement Ltd.
ConstructionEquity3.1%
Axis Bank Ltd.
FinancialEquity2.3%
State Bank of India
FinancialEquity2.3%
Bharti Airtel Ltd.
CommunicationEquity2.0%
Infosys Ltd.
TechnologyEquity2.0%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Solution Oriented Retirement
Pros
Cons
Exit load is zero
Lock-in period: 5Y
Lower expense ratio: 0.59%
1Y annualised returns higher than category average by 8.18%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
24 Nov 2023 - Present
0.59%
23 Nov 2023 - 24 Nov 2023
0.59%
22 Nov 2023 - 23 Nov 2023
0.59%
21 Nov 2023 - 22 Nov 2023
0.59%
20 Nov 2023 - 21 Nov 2023
0.59%
19 Nov 2023 - 20 Nov 2023
0.59%
18 Nov 2023 - 19 Nov 2023
0.59%
17 Nov 2023 - 18 Nov 2023
0.59%
16 Nov 2023 - 17 Nov 2023
0.59%
15 Nov 2023 - 16 Nov 2023
0.59%
14 Nov 2023 - 15 Nov 2023
0.59%
13 Nov 2023 - 14 Nov 2023
0.59%
12 Nov 2023 - 13 Nov 2023
0.59%
11 Nov 2023 - 12 Nov 2023
0.59%
10 Nov 2023 - 11 Nov 2023
0.59%
09 Nov 2023 - 10 Nov 2023
0.59%
08 Nov 2023 - 09 Nov 2023
0.59%
07 Nov 2023 - 08 Nov 2023
0.59%
06 Nov 2023 - 07 Nov 2023
0.59%
05 Nov 2023 - 06 Nov 2023
0.59%
04 Nov 2023 - 05 Nov 2023
0.59%
03 Nov 2023 - 04 Nov 2023
0.59%
02 Nov 2023 - 03 Nov 2023
0.59%
01 Nov 2023 - 02 Nov 2023
0.59%
31 Oct 2023 - 01 Nov 2023
0.59%
30 Oct 2023 - 31 Oct 2023
0.59%
29 Oct 2023 - 30 Oct 2023
0.59%
28 Oct 2023 - 29 Oct 2023
0.59%
27 Oct 2023 - 28 Oct 2023
0.59%
26 Oct 2023 - 27 Oct 2023
0.59%
25 Oct 2023 - 26 Oct 2023
0.59%
24 Oct 2023 - 25 Oct 2023
0.59%
23 Oct 2023 - 24 Oct 2023
0.59%
22 Oct 2023 - 23 Oct 2023
0.59%
21 Oct 2023 - 22 Oct 2023
0.59%
20 Oct 2023 - 21 Oct 2023
0.59%
19 Oct 2023 - 20 Oct 2023
0.59%
18 Oct 2023 - 19 Oct 2023
0.59%
17 Oct 2023 - 18 Oct 2023
0.59%
16 Oct 2023 - 17 Oct 2023
0.59%
15 Oct 2023 - 16 Oct 2023
0.59%
14 Oct 2023 - 15 Oct 2023
0.59%
13 Oct 2023 - 14 Oct 2023
0.59%
12 Oct 2023 - 13 Oct 2023
0.59%
11 Oct 2023 - 12 Oct 2023
0.59%
10 Oct 2023 - 11 Oct 2023
0.59%
09 Oct 2023 - 10 Oct 2023
0.59%
08 Oct 2023 - 09 Oct 2023
0.59%
07 Oct 2023 - 08 Oct 2023
0.59%
06 Oct 2023 - 07 Oct 2023
0.59%
05 Oct 2023 - 06 Oct 2023
0.59%
04 Oct 2023 - 05 Oct 2023
0.59%
03 Oct 2023 - 04 Oct 2023
0.59%
02 Oct 2023 - 03 Oct 2023
0.59%
01 Oct 2023 - 02 Oct 2023
0.59%
30 Sep 2023 - 01 Oct 2023
0.59%
29 Sep 2023 - 30 Sep 2023
0.59%
28 Sep 2023 - 29 Sep 2023
0.59%
27 Sep 2023 - 28 Sep 2023
0.59%
26 Sep 2023 - 27 Sep 2023
0.59%
25 Sep 2023 - 26 Sep 2023
0.59%
24 Sep 2023 - 25 Sep 2023
0.59%
23 Sep 2023 - 24 Sep 2023
0.59%
22 Sep 2023 - 23 Sep 2023
0.59%
21 Sep 2023 - 22 Sep 2023
0.59%
20 Sep 2023 - 21 Sep 2023
0.59%
19 Sep 2023 - 20 Sep 2023
0.54%
18 Sep 2023 - 19 Sep 2023
0.54%
17 Sep 2023 - 18 Sep 2023
0.54%
16 Sep 2023 - 17 Sep 2023
0.54%
15 Sep 2023 - 16 Sep 2023
0.54%
14 Sep 2023 - 15 Sep 2023
0.54%
13 Sep 2023 - 14 Sep 2023
0.54%
12 Sep 2023 - 13 Sep 2023
0.54%
11 Sep 2023 - 12 Sep 2023
0.54%
10 Sep 2023 - 11 Sep 2023
0.54%
09 Sep 2023 - 10 Sep 2023
0.54%
08 Sep 2023 - 09 Sep 2023
0.54%
07 Sep 2023 - 08 Sep 2023
0.54%
06 Sep 2023 - 07 Sep 2023
0.54%
05 Sep 2023 - 06 Sep 2023
0.54%
04 Sep 2023 - 05 Sep 2023
0.54%
03 Sep 2023 - 04 Sep 2023
0.54%
02 Sep 2023 - 03 Sep 2023
0.54%
01 Sep 2023 - 02 Sep 2023
0.54%
31 Aug 2023 - 01 Sep 2023
0.54%
31 Jul 2023 - 31 Aug 2023
0.54%
30 Jun 2023 - 31 Jul 2023
0.54%
31 May 2023 - 30 Jun 2023
0.54%
30 Apr 2023 - 31 May 2023
0.59%
31 Mar 2023 - 30 Apr 2023
1.69%
28 Feb 2023 - 31 Mar 2023
0.30%
31 Jan 2023 - 28 Feb 2023
0.30%
31 Dec 2022 - 31 Jan 2023
0.31%
31 Dec 2022 - 31 Dec 2022
0.31%
31 Dec 2022 - 31 Dec 2022
0.31%
30 Nov 2022 - 31 Dec 2022
0.84%
30 Nov 2022 - 30 Nov 2022
0.84%
30 Nov 2022 - 30 Nov 2022
0.84%
31 Oct 2022 - 30 Nov 2022
0.84%
31 Oct 2022 - 31 Oct 2022
0.84%
31 Oct 2022 - 31 Oct 2022
0.84%
30 Sep 2022 - 31 Oct 2022
0.84%
30 Sep 2022 - 30 Sep 2022
0.84%
30 Sep 2022 - 30 Sep 2022
0.84%
Expense ratio, exit load and taxExpense ratio: 0.59%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementHardick Bora
Jan 2023 - Present
View details
Education
Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience
He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager - Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.
Also manages these schemes
Union Flexi Cap Fund Direct Growth
Union Tax Saver (ELSS) Fund Direct Growth
Union Small Cap Fund Direct Growth
Union Largecap Fund Direct Growth
Union Balanced Advantage Fund Direct Growth
Union Equity Savings Fund Direct Growth
Union Value Discovery Fund Direct Growth
Union Focused Fund Direct Growth
Union Large & Midcap Fund Direct Growth
Union Midcap Fund Direct Growth
Union Hybrid Equity Fund Direct Growth
Union Retirement Fund Direct Growth
Union Multicap Fund Direct Growth
Union Innovation & Opportunities Fund Direct Growth
Sanjay Bembalkar
Sep 2022 - Present
View details
Education
Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience
Research Analyst - Equity - Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst - Equity - LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President - Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst - Autonomous Research LLP (August 2009 to January 2010).
Also manages these schemes
Canara Robeco Bluechip Equity Fund Direct Growth
Union Flexi Cap Fund Direct Growth
Union Tax Saver (ELSS) Fund Direct Growth
Union Small Cap Fund Direct Growth
Union Largecap Fund Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 8 Direct Growth
Union Balanced Advantage Fund Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 9 Direct Growth
Canara Robeco Dual Advantage Fund Series 1 Direct Growth
Union Equity Savings Fund Direct Growth
Union Value Discovery Fund Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 10 Direct Growth
Union Focused Fund Direct Growth
Union Large & Midcap Fund Direct Growth
Union Midcap Fund Direct Growth
Union Hybrid Equity Fund Direct Growth
Union Retirement Fund Direct Growth
Union Multicap Fund Direct Growth
Union Innovation & Opportunities Fund Direct Growth
Fund house & investment objective
Union Mutual Fund
Rank (total assets)#27 in India
Total AUM₹8,289.10Cr
Date of Incorporation30 Dec 2009
 Union Retirement Fund Direct Growth is a Solution Oriented Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Vinay Paharia is the Current Fund Manager of Union Retirement Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,289 Cr and the Latest NAV as of 01 Dec 2023 is ₹12.63.
The Union Retirement Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹1,000.
;
Investment ObjectiveThe Scheme seeks to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors.
;
Fund benchmarkS&P BSE 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
E-mail
[email protected]
Website
www.unionmf.com
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Union Retirement Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	5.4%	19.4%	20.8%	23.2%
Category average	NA	NA	13.7%	NA
Rank with in category	5	3	4	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	5.7%
ICICI Bank Ltd.	Financial	Equity	5.3%
Larsen & Toubro Ltd.	Construction	Equity	4.5%
Reliance Industries Ltd.	Energy	Equity	4.0%
Tata Motors Ltd. - DVR Ordinary	Automobile	Equity	3.6%
Ultratech Cement Ltd.	Construction	Equity	3.1%
Axis Bank Ltd.	Financial	Equity	2.3%
State Bank of India	Financial	Equity	2.3%
Bharti Airtel Ltd.	Communication	Equity	2.0%
Infosys Ltd.	Technology	Equity	2.0%

Rank (total assets)	#27 in India
Total AUM	₹8,289.10Cr

Date of Incorporation	30 Dec 2009

Fund benchmark	S&P BSE 500 Total Return Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹1,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹90.81Cr

Union Retirement Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (68)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.59%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Hardick BoraJan 2023 - PresentView details

Sanjay BembalkarSep 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Hardick Bora
Jan 2023 - Present
View details

Sanjay Bembalkar
Sep 2022 - Present
View details