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
₹11.69
0.12%
NAV as on 23 Apr 24, 12:00 AM
moderate risk
medium duration
debt
NAV as on 23 Apr 24, 12:00 AM
moderate risk
medium duration
debt
6.11%p.a.
Last 1Y
4.47%p.a.
Last 3Y
0.00%p.a.
Last 5Y
4.50%p.a.
Since Inception
About Union Medium Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Union Medium Duration Fund Growth scheme from Union Asset Management Co. Pvt. Ltd.. It is a Medium Duration mutual fund scheme that predominantly invests in Medium Duration stocks of companies. Launched on Sep 2020, Union Medium Duration Fund Growth is Medium Duration fund of its category with 226.58 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Medium Duration funds.
- Union Medium Duration Fund Growth delivered 6.1% annual returns during the last year. It has delivered 4.5% average annual returns since the fund was launched.
- Union Medium Duration Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the Scheme is to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Top 10 Holdings
7.1% Govt Stock 2029
23.16%
Rural Electrification Corporation Limited
9.39%
Power Finance Corporation Ltd.
9.33%
National Bank For Agriculture And Rural Development
9.31%
HDFC Bank Limited
9.30%
Indian Railway Finance Corporation Limited
9.26%
Small Industries Development Bank Of India
9.19%
7.18% Govt Stock 2033
4.65%
7.06% Govt Stock 2028
4.63%
Corporate Debt Mkt Devp. Fund-A2
0.42%
Fund Managers
- Parijat Agrawal (Sep 2020 - Present)
- Anindya Sarkar (Sep 2020 - Present)
Key Information
View Scheme Document
Union Medium Duration Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Union Medium Duration 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 Medium Duration 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 Medium Duration 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
Similar Funds
Funds
3Y Return
HDFC Medium Term Debt Fund Growth
moderate risk | debt
5.3%
HSBC Medium Duration Fund Growth
moderate risk | debt
5.1%
Invesco India Medium Duration Fund Growth
moderate risk | debt
0.0%
Frequently Asked Questions
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