Union Mutual Fund launches Union Multi Asset Allocation Fund

NFO period: 20^th August - 03^rd September, 2024

Highlights of the NFO:

• Scheme type - An open ended scheme investing in Equity, Debt and Gold and/ or Silver.


• Investment objective - The Scheme seeks to generate long-term capital appreciation by investing in a diversified portfolio of Equity and Equity Related Instruments, Debt and Money Market Instruments, units of Gold Exchange Traded Funds (ETFs) and / or Silver ETFs and units of REITs & InvITs as per the asset allocation pattern of the Scheme. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking long term wealth creation by investing in a diversified portfolio of Equity & Equity Related Instruments, Debt and Money Market Instruments and Units of Gold ETFs and/or Silver ETFs.


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


• Plan/ Options available - Direct Plan and Regular Plan having Growth & Reinvestment of Income Distribution cum Capital Withdrawal Option


• Fund Managers - Mr. Hardick Bora, Mr. Sanjay Bembalkar and Mr. Anindya Sarkar


• Benchmark - 65% Nifty 50 TRI + 20% Crisil Short Term Bond Fund Index + 15% Domestic price of Gold.