MUTUAL FUNDS
Union MF introduces Gold ETF Fund of Fund
Feb-10-2025

Union Mutual Fund has launched Union Gold ETF Fund of Fund, an open-ended Fund of Fund Scheme investing in units of Union Gold ETF. The NFO opens for subscription on February 10, 2025 and closes on February 24, 2025. The Entry Load is not applicable for the scheme. The Exit load will be - 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units and Nil - if redeemed or switched out after completion of 1 year from the date of allotment of units. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked with Domestic Price of Physical Gold and its fund manager is Vinod Malviya.

The investment objective of the Scheme is to generate long-term capital appreciation by investing in units of Union Gold ETF.


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