NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹22.34
0.36%
NAV as on 23 Apr 24, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 23 Apr 24, 12:00 AM
very high risk
large & mid cap
equity
37.90%p.a.
Last 1Y
20.56%p.a.
Last 3Y
0.00%p.a.
Last 5Y
20.10%p.a.
Since Inception
About Union Large & Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Union Large & Midcap Fund Growth scheme from Union Asset Management Co. Pvt. Ltd.. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on Dec 2019, Union Large & Midcap Fund Growth is Large & Mid-Cap fund of its category with 705.7 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- Union Large & Midcap Fund Growth delivered 37.9% annual returns during the last year. It has delivered 20.1% average annual returns since the fund was launched.
- Union Large & Midcap Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved.
Top 10 Holdings
Reliance Industries Ltd
4.64%
ICICI Bank Ltd
3.68%
HDFC Bank Ltd
3.58%
Tata Motors Ltd Class A
2.89%
Larsen & Toubro Ltd
2.54%
State Bank of India
2.39%
Bharti Airtel Ltd
2.38%
Sun Pharmaceuticals Industries Ltd
2.05%
Cummins India Ltd
2.01%
Dixon Technologies (India) Ltd
1.97%
Fund Managers
- Hardick Bora (Dec 2019 - Present)
- Sanjay Bembalkar (Jan 2023 - Present)
Key Information
View Scheme Document
Union Large & Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Union Large & Midcap Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Union Large & Midcap Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Union Large & Midcap Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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