Union Active Momentum Fund Regular Growth

• Alpha 0.00%
• Beta 0.00
• Sharpe Ratio0.00
• Std Deviation 0.00%
• Tracking Error 0.00%

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.

The Union Active Momentum Fund Regular Growth has an AUM of 445.02 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 2.42%. The minimum investment in Union Active Momentum Fund Regular Growth is Rs 1000 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Moderate respectively.

The top holdings of the fund include Indian Bank, Jindal Steel, Shriram Finance & Bank of India.

The major sectors where the fund is invested are Regional Banks, Iron & Steel, Metal Mining & Consumer Financial Services.

Some of the similar funds are Taurus Ethical Fund - Growth Option, Quant PSU Fund Regular Growth, Bank of India Business Cycle Fund Regular Growth, Union Active Momentum Fund Regular Growth, Quant Commodities Fund Regular Growth. Union Active Momentum Fund Regular Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.