Investment Objective and Approach

The Union Large Cap Fund seeks to generate capital appreciation by investing in a portfolio of select equity and equity-linked securities of large cap companies. The fund follows a focused approach to investing in large-cap stocks, which are companies with established market presence and relatively stable performance.

This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors. The investment strategy aims to provide long-term wealth creation while maintaining relatively lower volatility compared to mid-cap or small-cap focused funds.

Key investment features:

- Primary focus on large-cap equity securities

- Diversified portfolio across sectors

- Long-term capital appreciation objective

- Suitable for conservative equity investors seeking stability

Fund Managers

The Union Large Cap Fund is managed by an experienced team of fund managers:

Sanjay Bembalkar - Co-Head Equity at Union Asset Management Company Private Limited. In his more than 16-year professional career, he has also worked as a fund manager and research analyst with Canara Robeco AMC and in various capacities with LIC Mutual Fund Asset Management Limited and Quantum Advisors Private Limited.

Vinod Malviya - Co-Fund Manager at Union Asset Management Company Private Limited.

Hardick Bora - Fund manager of Union Largecap Fund.

The fund management team brings extensive experience in equity research, portfolio construction, and risk management, having worked across various leading asset management companies in India.

About the Fund House (AMC)

Union Mutual Fund, the investment wing of Union Bank of India, is one of the key drivers of the asset management sector in India for over a decade. The vision of the company is to provide opportunities to investors so that they can achieve sustainable prosperity by investing responsibly in the capital markets. The AMC was set up on December 30, 2009, with the aim to formulate a robust asset management portfolio in India.

Company Evolution:

The AMC was set up in collaboration with KBC Asset Management NV, a Belgium-based AMC. It was initially known as Union KBC Mutual Fund. Union Bank always held the majority stake in the company while KBC controlled a 49% share. The partnership ended in 2016 when KBC pulled out of the agreement and Union Bank of India purchased their shares, making Union Mutual Fund their wholly owned subsidiary.

Parentage:

Union AMC is a subsidiary of Union Bank of India. Union Bank Mutual Fund​ is sponsored by Union Bank of India, one of India's leading public sector banks, and Dai-ichi Life Holdings, Inc., a stock company with limited liability.

Leadership:

Mr. Harshad Patwardhan is the CIO (Chief Investment Officer) at Union AMC. He has over 30 years of experience in investment research and portfolio management in Indian equities, on both the sell and buy sides. Before joining Union AMC, he held the positions of Chief Investment Officer at JPMorgan AMC, Edelweiss AMC, and Girik Wealth Advisors.

Should I Invest in Union Large Cap Fund?

Investment Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.

Risk Considerations:

On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Union Largecap Fund is Very High.

Investment Recommendations:

- Like for all equity funds, you must invest only through the SIP route.

- Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.

- Suitable for investors with long-term investment horizon (5+ years)

- Ideal for those seeking exposure to large-cap equity segment

- Appropriate for conservative equity investors preferring stability over aggressive growth

Tax Implications:

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

FAQs

What is today's NAV of Union Large Cap Fund?

The NAV of Union Large Cap Fund changes daily based on market movements. You can check the current NAV on the Allvest platform or the fund house website.

What is the AUM of Union Large Cap Fund?

The Assets Under Management (AUM) information can be found on the fund factsheet. Please check the Allvest platform for the latest AUM figures.

What is the expense ratio of Union Large Cap Fund?

The expense ratio of Union Largecap Fund is 1.58%. This covers the fund management fees and operational expenses.

What are the returns of Union Large Cap Fund since inception?

Union Largecap Fund Direct - Growth is rated 3 star with 5Y returns at 14.66%. Historical returns can vary and past performance doesn't guarantee future results.

What is the minimum SIP amount to invest in Union Large Cap Fund?

The minimum investment required is ₹1,000 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

How do I invest in Union Large Cap Fund?

You can easily invest in Union Large Cap Fund through the Allvest platform. Simply complete your KYC, select the fund, and choose between SIP or lump sum investment options.

How to start a SIP in Union Large Cap Fund?

Log into your Allvest account, search for Union Large Cap Fund, select the SIP option, choose your monthly amount (minimum ₹500), and set up the auto-debit mandate.

How do I automate an SIP in Union Large Cap Fund?

Through Allvest, you can set up automatic SIP investments by providing bank mandate details. The amount will be automatically debited from your account on the chosen date each month.

How can I withdraw/redeem my investment in Union Large Cap Fund?

You can redeem your investment through the Allvest platform by placing a redemption request. Exit load of 1%, if redeemed within 15 days. Redemption proceeds are typically credited within 3-4 business days.