Union Mutual Fund launches Union Business Cycle Fund

NFO period: 13^th February – 27^th February, 2024

Highlights of the NFO:

• Scheme type - An open-ended equity scheme following business cycles based investing theme


• Investment objective – The investment objective of the scheme is to generate long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking capital appreciation over long term by investing predominantly in equity & equity related instruments of business cycle-based theme.


• 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 & Payout of Income Distribution cum Capital Withdrawal Option with 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. Sanjay Bembalkar and Mr Hardick Bora


• Benchmark – Nifty 500 Index(TRI)