Union Mutual Fund launches Union Retirement Fund

NFO period: 01^st September – 15^th September, 2022

Highlights of the NFO:

• Scheme type - An open ended retirement solution oriented scheme having a lockin of 5 years or till retirement age (whichever is earlier)


• Investment objective – The investment objective of the scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the scheme with a view to provide a retirement investment solution to investors. 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 long term capital appreciation by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation of the scheme with a view to provide a retirement investment solution to investors.


• 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) Option with Payout of Income Distribution cum Capital Withdrawal Option.


• Fund Managers – Mr. Vinay Paharia and Mr. Sanjay Bembalkar


• Benchmark – S&P BSE 500 Index (TRI)