MUTUAL FUNDS
Union MF introduces Hybrid Equity Fund
Nov-27-2020

Union Mutual Fund (MF) has launched the Union Hybrid Equity Fund, an open-ended hybrid scheme investing predominantly in equity and equity related instruments. The NFO opens for subscription on November 27, 2020, and closes on December 11, 2020. The Entry load will be nil. The Exit load will be 1%, if units are redeemed/switched out on or before completion of 1 year from the date of allotment and nil thereafter. The minimum subscription amount is Rs 5,000 and in multiples of Re. 1 thereafter.

The performance of the Scheme will be benchmarked against to CRISIL Hybrid 35+65 Aggressive Index (TRI)**and its fund managers are Vinay Paharia, Parijat Agrawal and Hardick Bora.

The investment objective of the Scheme is 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.

  RELATED NEWS >>