Union Active Momentum Fund Review – Union Active Momentum Fund Review Direct NFO Open on 28 November 2024 and Close on 12 December 2024. Union Active Momentum Fund Direct NFO Allotment Date is 19 December 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open-ended equity scheme following momentum theme.
Scheme Benchmark : Nifty 500 Index (TRI) – Justification for use if benchmark NIFTY 500 Index TRI represents the top 500 companies based on market capitalization from the eligible universe. The NIFTY 500 Index TRI represents over 91.8% of the free float market capitalization of the stocks listed on NSE as on March 28,2024. The index is a fair representation of the indicative universe of the portfolio of the Scheme.
Union Active Momentum Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 7.09 |
| ICICI Bank Ltd. | 4.90 |
| Reliance Industries Ltd. | 4.86 |
| Infosys Ltd. | 3.41 |
| ITC Ltd. | 2.45 |
| Bharti Airtel Ltd. | 2.33 |
| Larsen & Toubro Ltd. | 2.30 |
| Tata Consultancy Services Ltd. | 2.18 |
| Axis Bank Ltd. | 1.78 |
| State Bank of India | 1.70 |
Union Active Momentum Fund Important Date
| Scheme Offer | Union Active Momentum Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 28 Nov 2024 |
| Close Date | 12 Dec 2024 |
| Allotment Date | 19 Dec 2024 |
| Category | Equity Scheme – Thematic Fund |
| Min Inv ₹ | ₹1,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 Index |
Investment Objective of the Scheme ?
The investment objective of the Scheme is to seek to generate long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit relatively superior price momentum – based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly. The portfolio of stocks will be selected, weighted and rebalanced using proprietary screens.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns
Union Active Momentum Fund Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | 1% for redemption within 1 Year |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1,000 |
| Min. SIP | Rs. 500 |
Union Active Momentum Fund Asset Allocation
Manager Manage the Scheme?
Fund Manger : Mr. Gaurav Chopra
Qualification : B.Com, Chartered Accountant and CFA (USA) – Level III cleared
Experience : Over 8 years of experience in the equity markets. Appointed as Co-Fund Manager with effect from January 25, 2023. June 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd as Research Analyst – Equity. November 2015 to May 2020 with Centrum Portfolio Management Services – Centrum Broking Limited as Research Analyst.
Fund Manger : Mr. Sanjay Bembalkar
Qualification : CFA charterholder with the CFA Institute, USA, Chartered Accountant, M.Sc. (Accounting and Finance), B.Com
Experience : Over 17 years of experience in the field of Equity Research and Fund Management. Appointed as Fund Manager (Equity) at Union Asset Management Company Private Limited with effect from June 07, 2021.
Union Active Momentum Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 29.98 |
| Information Technology | 9.64 |
| Oil, Gas & Consumable Fuels | 7.82 |
| Fast Moving Consumer Goods | 7.09 |
| Automobile and Auto Components | 7.00 |
| Healthcare | 6.32 |
| Capital Goods | 5.67 |
| Power | 3.70 |
| Consumer Services | 3.43 |
| Metals & Mining | 3.39 |
| Consumer Durables | 3.05 |
| Construction | 2.99 |
| Telecommunication | 2.99 |
| Chemicals | 2.21 |
| Construction Materials | 2.00 |
| Services | 1.68 |
| Realty | 1.33 |
| Textiles | 0.27 |
| Media, Entertainment & Publication | 0.21 |
| Diversified | 0.13 |
| Forest Materials | 0.08 |
Union Active Momentum Fund Index Return
Where Will the Scheme Invest ?
- Equity Warrants and Convertible Instruments.
- Fully Convertible debentures, Debentures, Partly Convertible Debentures, unlisted securities, initial public offerings, private placements etc.
- Equity Derivatives.
- Debt & Money Market Instruments.
- Units of Debt Oriented Mutual Fund Schemes.
- Short Term Deposits.
- Units of REITs & InvITs.
Also Read: Axis Momentum Fund Review
Union Active Momentum Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
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Union Active Momentum Fund Form Download
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