Best Union Mutual Fund Schemes

Fund Name
Ratings
Ratings in Descending
Rating in Ascending
Risk
Risk in Descending
Risk in Ascending
3Y Returns
Three Years Returns in Descending
Three Years Returns in Ascending
AUM
Asset Under Management in Descending
Asset Under Management in Ascending

Union Midcap Fund

Equity Mid Cap Fund

0 hello

Very High

15.4%

₹1,312.88 cr.

Union Midcap Fund Direct Plan IDCW Reinvestment

Equity Mid Cap Fund

0 hello

Very High

15.4%

₹1,312.88 cr.

Union Midcap Fund Direct Plan IDCW Payout

Equity Mid Cap Fund

0 hello

Very High

15.4%

₹1,312.88 cr.

Union Value Fund

Equity Value Fund

2.5 hello

Very High

14.59%

₹292.17 cr.

Union Value Fund Direct Plan IDCW Reinvestment

Equity Value Fund

2.5 hello

Very High

14.59%

₹292.17 cr.

Union Value Fund Direct Plan IDCW Payout

Equity Value Fund

2.5 hello

Very High

14.59%

₹292.17 cr.

Union Small Cap Fund Direct Plan IDCW Reinvestment

Equity Small Cap Fund

1.5 hello

Very High

12.48%

₹1,444.06 cr.

Union Small Cap Fund Direct Plan IDCW Payout

Equity Small Cap Fund

1.5 hello

Very High

12.48%

₹1,444.06 cr.

Union Large and Midcap Fund

Equity Large & Mid Cap Fund

0 hello

Very High

12.47%

₹807.41 cr.

Union Large and Midcap Fund Direct Plan IDCW Reinvestment

Equity Large & Mid Cap Fund

0 hello

Very High

12.47%

₹807.41 cr.

Union Large and Midcap Fund Direct Plan IDCW Payout

Equity Large & Mid Cap Fund

0 hello

Very High

12.47%

₹807.41 cr.

Union Small Cap Fund

Equity Small Cap Fund

1.5 hello

Very High

12.47%

₹1,444.06 cr.

Union Flexi Cap Fund

Equity Flexi Cap Fund

3 hello

Very High

12.26%

₹2,158.70 cr.

Union Flexi Cap Fund Direct Plan IDCW Reinvestment

Equity Flexi Cap Fund

3 hello

Very High

12.25%

₹2,158.70 cr.

Union Flexi Cap Fund Direct Plan IDCW Payout

Equity Flexi Cap Fund

3 hello

Very High

12.25%

₹2,158.70 cr.

Union ELSS Tax Saver Fund

Equity ELSS

3 hello

Very High

11.96%

₹860.04 cr.

Union ELSS Tax Saver Fund Direct Plan IDCW Payout

Equity ELSS

3 hello

Very High

11.96%

₹860.04 cr.

Union Aggressive Hybrid Fund

Hybrid Aggressive Hybrid Fund

0 hello

Very High

10.61%

₹618.56 cr.

Union Aggressive Hybrid Fund Direct Plan IDCW Reinvestment

Hybrid Aggressive Hybrid Fund

0 hello

Very High

10.61%

₹618.56 cr.

Union Aggressive Hybrid Fund Direct Plan IDCW Payout

Hybrid Aggressive Hybrid Fund

0 hello

Very High

10.61%

₹618.56 cr.

Union Largecap Fund

Equity Large Cap Fund

1.5 hello

Very High

9.93%

₹431.77 cr.

Union Largecap Fund Direct Plan IDCW Payout

Equity Large Cap Fund

1.5 hello

Very High

9.93%

₹431.77 cr.

Union Largecap Fund Direct Plan IDCW Reinvestment

Equity Large Cap Fund

1.5 hello

Very High

9.93%

₹431.77 cr.

Union Focused Fund

Equity Focused Fund

2.5 hello

Very High

9.43%

₹389.30 cr.

Union Focused Fund Direct Plan IDCW Reinvestment

Equity Focused Fund

2.5 hello

Very High

9.43%

₹389.30 cr.

Union Focused Fund Direct Plan IDCW Payout

Equity Focused Fund

2.5 hello

Very High

9.43%

₹389.30 cr.

Union Balanced Advantage Fund

Hybrid Dynamic Asset Allocation or Balanced Advantage

4 hello

High

9.41%

₹1,365.41 cr.

Union Balanced Advantage Fund Direct Plan IDCW Reinvestment

Hybrid Dynamic Asset Allocation or Balanced Advantage

4 hello

High

9.41%

₹1,365.41 cr.

Union Balanced Advantage Fund Direct Plan IDCW Payout

Hybrid Dynamic Asset Allocation or Balanced Advantage

4 hello

High

9.41%

₹1,365.41 cr.

Union Equity Savings Fund Direct Plan IDCW Payout

Hybrid Equity Savings

1 hello

Moderate

7.33%

₹135.91 cr.

Union Equity Savings Fund

Hybrid Equity Savings

1 hello

Moderate

7.33%

₹135.91 cr.

Union Equity Savings Fund Direct Plan IDCW Reinvestment

Hybrid Equity Savings

1 hello

Moderate

7.33%

₹135.91 cr.

Union Dynamic Bond Fund

Debt Dynamic Bond

1 hello

Moderate

7.15%

₹77.84 cr.

Union Dynamic Bond Fund Direct Plan IDCW Reinvestment

Debt Dynamic Bond

1 hello

Moderate

7.15%

₹77.84 cr.

Union Dynamic Bond Fund Direct Plan IDCW Payout

Debt Dynamic Bond

1 hello

Moderate

7.15%

₹77.84 cr.

Union Arbitrage Fund

Hybrid Arbitrage Fund

2 hello

Low

7.08%

₹302.61 cr.

Union Arbitrage Fund Direct Plan IDCW Reinvestment

Hybrid Arbitrage Fund

2 hello

Low

7.08%

₹302.61 cr.

Union Arbitrage Fund Direct Plan IDCW Payout

Hybrid Arbitrage Fund

2 hello

Low

7.08%

₹302.61 cr.

Union Money Market Fund Direct Plan Monthly IDCW Reinvestment

Debt Money Market Fund

0 hello

Moderately Low

6.9%

₹167.35 cr.

Union Money Market Fund Direct Plan Monthly IDCW Payout

Debt Money Market Fund

0 hello

Moderately Low

6.9%

₹167.35 cr.

Union Money Market Fund

Debt Money Market Fund

0 hello

Moderately Low

6.9%

₹167.35 cr.

Union Liquid Fund

Debt Liquid Fund

3 hello

Moderately Low

6.89%

₹3,206.36 cr.

Union Liquid Fund Direct Plan Monthly IDCW Reinvestment

Debt Liquid Fund

3 hello

Moderately Low

6.89%

₹3,206.36 cr.

Union Liquid Fund Direct Plan Monthly IDCW Payout

Debt Liquid Fund

3 hello

Moderately Low

6.89%

₹3,206.36 cr.

Union Liquid Fund Direct Plan Weekly IDCW Reinvestment

Debt Liquid Fund

3 hello

Moderately Low

6.85%

₹3,206.36 cr.

Union Corporate Bond Fund

Debt Corporate Bond Fund

1.5 hello

Moderate

6.82%

₹319.94 cr.

Union Corporate Bond Fund Direct Plan IDCW Reinvestment

Debt Corporate Bond Fund

1.5 hello

Moderate

6.82%

₹319.94 cr.

Union Corporate Bond Fund Direct Plan IDCW Payout

Debt Corporate Bond Fund

1.5 hello

Moderate

6.82%

₹319.94 cr.

Union Liquid Fund Direct Plan Daily IDCW Reinvestment

Debt Liquid Fund

3 hello

Moderately Low

6.77%

₹3,206.36 cr.

Union Overnight Fund Direct Plan Monthly IDCW Reinvestment

Debt Overnight Fund

2 hello

Low

6.33%

₹252.95 cr.

Union Overnight Fund Direct Plan Monthly IDCW Payout

Debt Overnight Fund

2 hello

Low

6.33%

₹252.95 cr.

Union Overnight Fund

Debt Overnight Fund

2 hello

Low

6.31%

₹252.95 cr.

Union Medium Duration Fund

Debt Medium Duration Fund

0 hello

Moderate

5.51%

₹80.36 cr.

Union Medium Duration Fund Direct Plan IDCW Reinvestment

Debt Medium Duration Fund

0 hello

Moderate

5.51%

₹80.36 cr.

Union Medium Duration Fund Direct Plan IDCW Payout

Debt Medium Duration Fund

0 hello

Moderate

5.51%

₹80.36 cr.

Union Liquid Fund Direct Plan Fortnightly IDCW Reinvestment

Debt Liquid Fund

3 hello

Moderately Low

3.46%

₹3,206.36 cr.

Union Liquid Fund Direct Plan Fortnightly IDCW Payout

Debt Liquid Fund

3 hello

Moderately Low

3.46%

₹3,206.36 cr.

Union Business Cycle Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0 hello

Very High

0%

₹549.98 cr.

Union Multicap Fund Direct Plan IDCW Reinvestment

Equity Multi Cap Fund

0 hello

Very High

0%

₹1,041.99 cr.

Union Short Duration Fund Direct Plan Growth

Debt Short Duration Fund

0 hello

Moderate

0%

₹542.68 cr.

Union Short Duration Fund Direct Plan IDCW Payout

Debt Short Duration Fund

0 hello

Moderate

0%

₹542.68 cr.

Union Active Momentum Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0 hello

Very High

0%

₹403.72 cr.

Union Business Cycle Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0 hello

Very High

0%

₹549.98 cr.

Union Short Duration Fund Direct Plan IDCW Reinvestment

Debt Short Duration Fund

0 hello

Moderate

0%

₹542.68 cr.

Union Active Momentum Fund Direct Plan Growth

Equity Sectoral / Thematic

0 hello

Very High

0%

₹403.72 cr.

Union Active Momentum Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0 hello

Very High

0%

₹403.72 cr.

Union Multi Asset Allocation Fund Direct Plan IDCW Payout

Hybrid Multi Asset Allocation

0 hello

Very High

0%

₹793.82 cr.

Union Multi Asset Allocation Fund Direct Plan IDCW Reinvestment

Hybrid Multi Asset Allocation

0 hello

Very High

0%

₹793.82 cr.

Union Multi Asset Allocation Fund Direct Plan Growth

Hybrid Multi Asset Allocation

0 hello

Very High

0%

₹793.82 cr.

Union Innovation and Opportunities Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0 hello

Very High

0%

₹854.34 cr.

Union Innovation and Opportunities Fund

Equity Sectoral / Thematic

0 hello

Very High

0%

₹854.34 cr.

Union Innovation and Opportunities Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0 hello

Very High

0%

₹854.34 cr.

Union Gold ETF Fund of Fund Direct Plan IDCW Reinvestment

Other FoFs Domestic

0 hello

High

0%

₹56.90 cr.

Union Business Cycle Fund

Equity Sectoral / Thematic

0 hello

Very High

0%

₹549.98 cr.

Union Gold ETF Fund of Fund Direct Plan IDCW Payout

Other FoFs Domestic

0 hello

High

0%

₹56.90 cr.

Union Fixed Maturity Plan Series 13 Direct Plan Growth

Debt Fixed Maturity Plans

0 hello

Moderately Low

0%

₹24.79 cr.

Union Gold ETF Direct Plan

Other ETFs Fund

0 hello

High

0%

₹0.00 cr.

Union Gold ETF Fund of Fund Direct Plan Growth

Other FoFs Domestic

0 hello

High

0%

₹56.90 cr.

Union Gilt Fund

Debt Gilt Fund

0 hello

Moderate

0%

₹128.97 cr.

Union Gilt Fund Direct Plan Half Yearly IDCW Payout

Debt Gilt Fund

0 hello

Moderate

0%

₹128.97 cr.

Union Gilt Fund Direct Plan Half Yearly IDCW Reinvestment

Debt Gilt Fund

0 hello

Moderate

0%

₹128.97 cr.

Union Gilt Fund Direct Plan Annual IDCW Payout

Debt Gilt Fund

0 hello

Moderate

0%

₹128.97 cr.

Union Gilt Fund Direct Plan Annual IDCW Reinvestment

Debt Gilt Fund

0 hello

Moderate

0%

₹128.97 cr.

Union Retirement Fund

Solution Oriented Retirement Fund

0 hello

Very High

0%

₹154.84 cr.

Union Retirement Fund Direct Plan IDCW Payout

Solution Oriented Retirement Fund

0 hello

Very High

0%

₹154.84 cr.

Union Multicap Fund

Equity Multi Cap Fund

0 hello

Very High

0%

₹1,041.99 cr.

Union Multicap Fund Direct Plan IDCW Payout

Equity Multi Cap Fund

0 hello

Very High

0%

₹1,041.99 cr.

About Union Mutual Funds

With a vision to be the most reliable and trusted partner to investors and distributors through responsible investing, Union Mutual Funds was started on December 30, 2009. Union Mutual Funds, the investment wing of Union Bank, had access to the bank’s enormous client base.

Union KBC Mutual Fund began as a collaboration of KBC Asset Management NV, a Belgium-based AMC and later went through a few changes and subsequently led to an alliance with Dai-Chi Life, a major financial services company from Japan, in 2017. The Union Bank of India and Dai-ichi Life are the current sponsors of The Union Mutual Fund. As of March 2023, Union AMC operates four different categories like Equity, Debt, Hybrid, and Solution Oriented, that offer 21 investment schemes in both regular and direct plans.

Popularly known as Union Bank or UBI, Union Bank of India is an Indian public sector bank which is headquartered in Mumbai. It has about 120+ million customers as of March 31, 2023. Effective April 2022, it merged with Corporation Bank and Andhra Bank, and the unified merged entity became one of the largest PSU banks in terms of branch network with around 8,500+ branches. It is one of India’s few public sector banks to have successfully implemented 100% networking of its branches.

Dai-ichi Life Holdings, Inc. is a stock company with limited liability, incorporated in Japan in the year 1902 and listed on the Tokyo Stock Exchange. Dai-ichi Life is a financial services holding company that carries out both insurance and non-insurance, including asset management businesses through its subsidiaries and associate companies. Dai-ichi Life operates its asset management business overseas through its group company, Asset Management One Co. Ltd., a global asset management company that serves its customers with high-quality products and services.

Union Mutual Fund Key Information

Founding date December 30, 2009
AMC Incorporation date March 23, 2011
Headquarters in Mumbai
Name of the sponsors Union Bank of India and Dai-Chi Life Holdings, Inc.
Trustee Organisation Union Trustee Company Private Limited
MD and CEO Mr. Madhukumar Nair
Chief Investment Officer Mr. Harshad Patwardhan
Compliance Officer Ms. Richa Parasrampuria

Union Mutual Fund Managers

DT

Devesh Thacker

Fund Manager since Mar 2019 (6 years)

Hide Details

Devesh Thacker did his MBA in Finance at Savitribai Phule Pune University and started his career at ASK Financial Services Pvt Ltd and then worked at various firms including Indiabulls, Dolat Capital Market Private Ltd, ICICI Bank and Sahara Mutual Fund before joining Union Asset Management Company and currently is the Fund Manager - Fixed Income.

PA

Parijat Agrawal

Fund Manager since Jul 2022 (2 years)

View Details

Mr. Agrawal has a B.Tech degree from BIT Mesra and MBA from IIM Bangalore. He is currently the Head of Fixed Income at Union Asset Management Company Ltd. Prior to joining Union Mutual Fund, he worked as Head of Fixed Income with SBI Mutual Fund, as Head of Treasury with State Bank of Mauritius ltd. and SUN F&C Asset Management.

VT

Vishal Thakker

Fund Manager since Jan 2019 (6 years)

View Details

Mr. Thakker has been a buy-side trader of equity and derivatives at Union Asset Management since 2017. Earlier, he was a sales trader at Elara Capital and a senior dealer at Emkay Global Financial Services. He obtained his MFM degree from MET Management Institute in Bandra.

SB

Sanjay Bembalkar

Fund Manager since Feb 2024 (1 year)

How to Invest in Union Mutual Fund via Angel One?

Investing in Union Mutual Funds, or any mutual fund for that matter, is an easy and hassle-free process when done through your Angel One account. Just take the following steps:

Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.

Note: In case you do not have an account with Angel One, you can open a Demat account with us in under a few minutes by submitting the necessary documents.

Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:

  1. Search for the fund you want to invest in from funds listed by Angel across categories.
  2. Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
  3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
  4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.

You may consider the fund’s expense ratio to get an idea about the cost of investing in it.

Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.

  1. Decide whether you want to invest in a lump sum or via monthly SIP.
  2. Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
  3. After placing the order, in the case of the SIP route of investment, you can create a mandate to make hassle-free future installments.

You can learn more about the details of each fund from within the Angel One app itself.

Documents Required To Invest in Union Mutual Fund

Investing in Union Mutual Funds through Angel One is a streamlined and fully digital process, ensuring a seamless investment experience. To initiate your investment journey, it is imperative to complete the KYC process, for which you’ll need to furnish the following essential documents:

  1. PAN Card Details (Compulsory)
  2. Personal Information, including Full Name, Mobile Number, and Email Address
  3. Address Proof, with Aadhar Card being the recommended choice, encompassing both its front and back sides.
  4. Bank Account Details, along with a cancelled cheque, if requested.
  5. Nominee details and FATCA Declarations

Angel One simplifies the KYC verification process, granting you swift and efficient access to Union Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform is designed to make your financial goals attainable. You can anticipate your KYC verification to be finalized in just 48-72 business hours, paving the way for you to embark on your mutual fund journey.

Top 10 Union Mutual Funds To Invest in

Schemes Category AUM (in ₹ Cr) 3-Yr Returns  (%) 1-Yr Return (%)
Union Midcap Fund  Mid Cap Fund 1,301.20 16.33 4.93
Union Value Fund  Value Fund 288.7 15.63 1.58
Union Small Cap Fund  Small Cap Fund 1,492.65 14.52 -2.95
Union Value Fund  Value Fund 288.7 14.48 0.44
Union Large and Mid Cap Fund  Large and Mid Cap Fund 805.4 13.21 3.54
Union ELSS Tax Saver Fund  ELSS 863.07 13 2.3
Union Flexi Cap Fund  Flexi Cap Fund 2,160.03 12.68 1.75
Union ELSS Tax Saver Fund  ELSS 863.07 12 1.39
Union Flexi Cap Fund Flexi Cap Fund 2,160.03 11.36 0.57
Union Aggressive Hybrid Fund  Hybrid Fund 611.21 10.78 4.14

Note: All data is as of February 19, 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) among Union Mutual Funds over the past 3 years.

  • Union Midcap Fund 

A mid-cap fund with high growth potential, this scheme carries a very high risk. It has an expense ratio of 0.81%, making it cost-effective. Over 3 years, it has delivered a strong CAGR of 16.33%, while the 1-year return stands at 4.93%. With an AUM of ₹1,301.20 crore, it can be suitable for investors seeking long-term capital appreciation from mid-sized companies.

  • Union Value Fund 

A value fund that focuses on undervalued stocks, this scheme carries a very high risk. With an expense ratio of 1.32%, it remains relatively cost-efficient. The fund has provided a 15.63% CAGR over 3 years and a 1.58% return in one year. With an AUM of ₹288.7 crore, it is mostly ideal for investors looking to benefit from long-term value investing strategies.

  • Union Small Cap Fund 

A very high-risk small-cap fund, this scheme focuses on emerging companies with strong growth potential. It has a reasonable expense ratio of 1.04%. Over 3 years, it has delivered a 14.52% CAGR, though its 1-year return is negative at -2.95%. With an AUM of ₹1,492.65 crore, it can be well suited for investors with a high-risk appetite and a long-term investment horizon.

  • Union Value Fund 

This value fund follows a strategy of investing in undervalued companies with long-term growth potential. It has a relatively high expense ratio of 2.49%, which may impact overall returns. The fund has delivered a 14.48% CAGR over 3 years, with a modest 1-year return of 0.44%. With an AUM of ₹288.7 crore, it might be suitable for investors looking for value-driven stock opportunities.

  • Union Large and Mid Cap Fund 

This large and mid-cap fund offers a balanced approach by investing in established large-cap stocks and high-growth mid-cap companies. It has an expense ratio of 1.03%, keeping costs under control. The fund has generated a 13.21% CAGR over 3 years and a 3.54% return over one year. With an AUM of ₹805.4 crore, it might suit investors looking for a blend of stability and growth.

  • Union ELSS Tax Saver Fund 

An ELSS fund that provides tax benefits under Section 80C, this scheme carries a very high risk. It has an expense ratio of 1.43%, making it a cost-effective option. The fund has delivered a 13% CAGR over 3 years, with a 1-year return of 2.3%. With an AUM of ₹863.07 crore, it can be well suited for investors seeking long-term growth with tax-saving advantages.

  • Union Flexi Cap Fund 

A very high-risk flexi cap fund, this scheme invests across large, mid, and small-cap stocks. It has an expense ratio of 1%, keeping costs reasonable. Over 3 years, it has delivered a CAGR of 12.68%, with a 1-year return of 1.75%. With an AUM of ₹2,160.03 crore, it can be well-suited for investors looking for diversification across market capitalisations.

  • Union ELSS Tax Saver Fund 

This tax-saving ELSS fund offers long-term growth opportunities while providing tax benefits. It has a relatively high expense ratio of 2.32%. The fund has generated a 12% CAGR over 3 years and a 1.39% return over one year. With an AUM of ₹863.07 crore, it can be ideal for investors seeking equity exposure with tax-saving benefits.

  • Union Flexi Cap Fund

A very high-risk fund that invests across market capitalisations, this scheme offers flexibility in stock selection. It has an expense ratio of 2.08%, which is relatively high. The fund has delivered an 11.36% CAGR over 3 years and a 0.57% return over one year. With an AUM of ₹2,160.03 crore, it might be well suited for investors seeking diversified equity exposure with high growth potential.

  • Union Aggressive Hybrid Fund 

A hybrid fund that balances equity and debt investments, this scheme carries a very high risk. It has an expense ratio of 1.29%, making it a cost-effective choice. The fund has generated a 10.78% CAGR over 3 years, with a 1-year return of 4.14%. With an AUM of ₹611.21 crore, it can be ideal for investors looking for a mix of growth and stability in their portfolio.

 

Mutual Funds Calculators

Union Mutual Fund FAQs

How to start Union Mutual Fund SIP online?

You can start investing in Union Mutual Fund SIP online in several ways. One of them is through AMC’s official website. But for a seamless experience, you can do it via Angel One.

Which scheme is the best in Union Mutual Fund?

To determine the best in the Union Mutual Fund, conduct thorough research on the various schemes offered by them. Consider factors such as the scheme's investment objective, costs, historical performance, and risk level to select the one that aligns with your financial goals, risk tolerance, and horizon.

How to redeem Union Mutual Fund online?

For online investments, you can redeem your units in three ways. First, via Angel One App under the Mutual Funds section. Second, by visiting https://www.angelone.in/mutual-funds. Finally, you can also redeem your Union Mutual Fund units by visiting the AMC's website.

Are Union Mutual Fund schemes tax-free?

Not all schemes are tax-free. As with any other ELSS, the one offered by Union Mutual Fund also comes with tax benefits. By investing in Union Mutual Fund’s ELSS Funds, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.

Who owns the Union Mutual Fund?

The Union Mutual Fund is jointly sponsored by the Union Bank of India and Dai-ichi Life. The latter owns a stake of 39.62% in the company.