Union MF New Fund Offer Details
Union Mutual Fund has announced the launch of Union Large & Midcap Fund. The New Fund Offer (NFO) opens for subscription on Nov 15, 2019, and will close on Nov 29, 2019. Moreover, the scheme will reopen on the 13th December 2019 for continuous sale and repurchase of units. Union mutual fund offers approved investment funds, open-ended equity funds, and other products.
It is an open-ended equity scheme investing in both large-cap and mid-cap stocks. Union Large & mid-cap fund is available in both direct and regular plans along with growth and dividend options. The offer of Units of ‘Rs 10’ per unit for cash during the NFO period and at NAV based prices upon re-opening.
The objective of the scheme is to generate capital appreciation by investing predominantly in a portfolio of equity and equity-linked securities of large-cap and mid-cap companies.
Minimum Investment Amount
Investors will need to invest a minimum of Rs 5,000 and thereafter Re1. Moreover, one will need to pay a minimum of Rs 1,000 and in multiples of Re 1 for additional investment/ repurchase of units.
SIP Investment Option
Interested candidates can pay your monthly investment amount via a systematic investment plan option.
Frequency: Monthly and Quarterly
Minimum Investment Amount: For Monthly Rs 2000 and in multiples of Rs 1 thereafter and for quarterly invest minimum of Rs 5000 and in multiples of Rs 1 thereafter
Minimum SIP Period: 6 months ( monthly) and 2 quarters ( quarterly)
Default SIP Date: 8th of every month
Entry and Exit Charges
Entry load does not offer to investors in this scheme. But, investors should pay ‘1%’ as an exit load if the fund units are redeemed before one year.
Union Large & Midcap Fund Asset Allocation Pattern
|Instruments||Indicative Allocation ( % of total assets) Minimum – Maximum||Risk Profile|
|Equity & Equity related instruments of Large Cap companies||35%||65%||High|
|Equity & Equity related instruments of Mid Cap companies||35%||65%||High|
|Equity & Equity related instruments of Large & Mid Cap companies||0%||30%||High|
|Debt and Money Market Instruments||0%||30%||Low to Medium|
|Units issued by REITs and InvITs||0%||10%||Medium to High|
The scheme is suitable for investors who seek capital appreciation over the long term. Union MF’s new fund offer performance will benchmark to S&P BSE 250 Large MidCap TRI. The scheme will manage by Vinay Paharia. It follows an active portfolio management strategy with tactical allocation.
Disclaimer: This post is just about the scheme information. It does not offer any advice or investment tips to investors. MF investments are set to market risk. Please consult your financial adviser before invest.