MUTUAL FUNDS
Union Mutual Fund files offer document for Consumption Fund
Oct-28-2025
Union Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Union Consumption Fund’. The offer rate will be Rs. 10 per unit at face value. Entry load will be nil and Exit load will be 1%-if redeemed or switched out on or before completion of 1 year from the date of allotment of units; Nil- if redeemed or switched out after completion of 1 year from the date of allotment of units. The Scheme offers Growth and Income Distribution cum capital withdrawal option (IDCW Plans/Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty India Consumption TRI. The minimum application amount is Rs 1000 and in multiples of Re. 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in companies those are engaged in consumption and consumption related sector or allied sectors.  These companies are expected to directly or indirectly benefit from changing consumer aspirations, changing lifestyle and overall growth in consumption led demand.

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