Union Small Cap Fund Stress Test (March 2024): Union Mutual Fund has released the latest stress test report of its small cap fund. The result shows how much time the Union Small Cap Fund will take to sell its portfolio in case a large number of investors apply for redemption in a bad market condition.
It has become mandatory for small cap mutual funds to do the stress test and publish the results on their websites as well as on the website of Association of Mutual Funds in India once every 15 days, starting from March 15, 2024. This means, you can see fresh stress test results of all small cap funds on AMFI’s website twice every month.
What does latest UNION Small Cap Fund Stress Test says
Union Small Cap Fund’s Stress Test shows it will take 35 days to sell-off 50% of its portfolio. The fund house will take 18 days to liquidate 25% of its portfolio. This is as per the disclosure of Stress Test and Liquidity Analysis by Union Small Cap Fund for February 2024.
The stress test result of a mutual fund scheme shows how much time its AMC will take to sell its portfolio or liquidate holdings to meet demand in case a large number of investors apply for redemption in a bad market condition.
Also Read : Mutual Fund Stress Results: Should you worry ?
As of 21 March 2024 , the total AUM of the UNION Small Cap Fund was Rs. 6273.77 crore. This includes investment in both regular and direct plans and across all growth and dividend options. The date of allotment of this scheme is 10 June 2014. The fund’s website shows it has given an annualised return of 15.18% since inception (as per data available on UNION Small Cap Fund’s website on February 29, 2024). The fund has been managed by Mr. Sanjay Bembalkar.
Union Small Cap Fund is an open ended equity scheme predominantly investing in small cap stocks.
You can also check the latest Stress Test report of UNION Small Cap Fund and other schemes on AMFI’s website.
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