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
₹13.76
0.44%
NAV as on 23 Apr 24, 12:00 AM
very high risk
multi cap
equity
NAV as on 23 Apr 24, 12:00 AM
very high risk
multi cap
equity
42.89%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
25.51%p.a.
Since Inception
About Union Multicap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Union Multicap Fund Growth scheme from Union Asset Management Co. Pvt. Ltd.. It is a Multi-Cap mutual fund scheme that predominantly invests in Multi-Cap stocks of companies. Launched on Dec 2022, Union Multicap Fund Growth is Multi-Cap fund of its category with 832.45 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Multi-Cap funds.
- Union Multicap Fund Growth delivered 42.9% annual returns during the last year. It has delivered 25.5% average annual returns since the fund was launched.
- Union Multicap 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 achieve long term capital appreciation by investing in equity and equity related instruments of large, mid and small cap companies. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Top 10 Holdings
Reliance Industries Ltd
4.37%
ICICI Bank Ltd
3.94%
HDFC Bank Ltd
2.96%
Zomato Ltd
2.30%
Sona BLW Precision Forgings Ltd
2.24%
Bharti Airtel Ltd
2.05%
State Bank of India
2.00%
Bajaj Auto Ltd
1.94%
Thermax Ltd
1.83%
NTPC Ltd
1.82%
Fund Managers
- Hardick Bora (Jan 2023 - Present)
- Sanjay Bembalkar (Dec 2022 - Present)
Key Information
View Scheme Document
Union Multicap 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 Multicap 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 Multicap 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 Multicap 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
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3Y Return
Nippon India Multi Cap Fund - Growth
very high risk | equity
32.8%
SBI Multicap Fund Growth
very high risk | equity
0.0%
HDFC Multi Cap Fund Growth
very high risk | equity
0.0%
Frequently Asked Questions
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