Union Focused Fund | NFO Period 15th July-19th July
Union Asset Management has unveiled its new fund offer as Union Focused Fund. The source said that ” Union Mutual Fund house has taken an important step in increasing its products to provide different investment solutions to its investors by the launch of this scheme.” They also thought that the new products will help to expand their equity bouquet.
The NFO has opened for subscription on 15th July and will close on 29th July 2019. This is the third NFO in this category. The fund will invest a maximum of 30 stocks across the market cap. As per the source, the scheme will reopen on 13th August. The Offer price for the scheme is Rs 10 per unit.
One will need to invest a minimum of Rs 5000 and in multiples of Re 1 thereafter. Investors should pay a minimum of Rs 1000 and in multiples of Re 1 thereafter for additional purchase. Union Focused Fund aims to collect a minimum of Rs 10 crore during the NFO period.
Monthly Frequency: Rs 2,000 and in multiples of Re 1 thereafter; Minimum 6 months
Quarterly Frequency: Rs 5,000 and in multiples of Re 1 thereafter; Minimum 2 quarters
SIP Date: Any date of the month, default date 8th of every month
The entry load charges are not applicable for anyone under the scheme. Investors should pay 1% as Exit load if units are redeemed or switched out on or before the completion of one year from the date of allotment.
Union Focused Fund offers Direct and Regular plans with an option of growth and dividend. It should follow a bottom-up and top-down approach method.
The objective of the scheme is to generate capital appreciation by investing in a portfolio of equity and equity-related securities across the market cap.
Asset Allotment Pattern
|Instruments|| Indicative Allocations (% of total assets)
Minimum – Maximum
| Risk Profile
|Equity & Equity related securities||65%||100%||High|
|Debt and Money Market Instruments||0%||35%||Low|
Union Asset Management’s NFO will invest a minimum of 65% of assets in equity and equity-related instruments and a maximum of 35 percent in debt and money market instruments.
The NFO has managed by Vinay Paharia, Chief Investment Officer of Union AMC. The Union Focused fund performance will be benchmarked against the S&P BSE 500 index.
Disclaimer: This article denotes information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.