MUTUAL FUNDS
Union Mutual Fund file offers document for Short Duration Fund
Nov-26-2024
Union Mutual Fund has filed offer document with SEBI to launch an open-ended short term debt scheme named ‘Union Short Duration Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load will be 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter; Nil if redeemed or switched out after completion of 15 days from the date of allotment of units. The Scheme offers growth and dividend options for investment.

The performance of the scheme is benchmarked by CRISIL Short Duration Debt A-II Index. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide reasonable returns and liquidity investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns. 
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