MUTUAL FUNDS
Union Mutual Fund files offer document for Hybrid Equity Fund
Jan-16-2020

Union Mutual Fund has filed offer document with SEBI to launch an open-ended hybrid scheme named 'Union Hybrid Equity Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load 1% if units are redeemed/switched out on or before completion of 1 year from the date of allotment. Nil thereafter. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance for schemes will be benchmarked against NIFTY Low Duration Debt Index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Rs 1 thereafter.

The investment objective of the scheme to achieve long term capital growth and generate income from a portfolio, predominantly of equity and equity related securities. The scheme will also invest in debt & money market instruments.

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