Investment type
Union Retirement Fund - Direct (G) is a mutual fund under the Retirement Solutions category, managed by Union Mutual Fund. It was launched on 30 Dec 2009, and has been active for over 16 years. As of 30 Jun 2025 the fund manages assets worth ₹177 Crores. The expense ratio is 1%.
This fund generated returns of 3.69% in the last 1 year. Since its inception, it has provided an average annual return of 18.99%.
The fund's investments are mainly concentrated in sectors like Banks, IT-Software, Pharmaceuticals & Biotech, Finance and Consumer Durables.
The top five holdings in this fund include prominent companies such as HDFC Bank, ICICI Bank, TREPS, Reliance Industr and Bharti Airtel.
The investment objective of the Scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
These funds have moderate to low risk, as they gradually shift from growth assets to more conservative investments as you near retirement.
Yes, if you’re planning for retirement and want a fund that adjusts its risk based on your age.
Ideally, until retirement, as these funds are designed to grow over a long period and become safer as you get closer to retirement age.
Yes, though early withdrawal could impact the fund’s growth potential and tax benefits.
Expenses can range from 0.5% to 1.5%, depending on the fund’s mix of assets and management.
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