Union Mutual Fund launches Union Active Momentum Fund

NFO period: 28^th November – 12^th December, 2024

Highlights of the NFO:

• Scheme type - An open-ended equity scheme following momentum theme


• Investment objective – The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit relatively superior price momentum – based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly. The portfolio of stocks will be selected, weighted and rebalanced using proprietary screens. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.


• Product suitability – This product is suitable for investors who are seeking capital appreciation over long term. An actively managed thematic equity scheme that by investing in stocks exhibiting momentum characteristics.


• Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth option, Income Distribution cum Capital Withdrawal (IDCW) (including following facilities), Reinvestment of Income Distribution cum Capital Withdrawal Option, Payout of Income Distribution cum Capital Withdrawal Option and Transfer of Income Distribution cum Capital Withdrawal Option.


• Fund Managers – Mr. Gaurav Chopra and Mr. Sanjay Bembalkar


• Benchmark – Nifty 500 Index @@@(TRI)