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News Union Mutual Fund launches Union Childrens Fund
Nov 28, 2023
Mutual Fund
Union Mutual Fund launches Union Childrens Fund
NFO period: 28th November – 12th December, 2023
Highlights of the NFO:
- Scheme type - An open ended fund for investment for children, having a lock-in for at least 5 years or till the child attains age of majority (whichever is earlier)
- Investment objective – The investment objective of the scheme is to generate long term capital appreciation by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the scheme with a view to provide investment solution to investors. However, there is no assurance that the investment objective of the scheme will be achieved.
- Product suitability – The product is suitable for investors who are seeking long term capital appreciation by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the scheme with a view to provide investment solution to investors.
- Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available – Regular Plan and Direct Plan having Growth Option & Payout of Income Distribution cum Capital Withdrawal Option.
- Fund Managers – Mr. Hardick Bora, Mr. Sanjay Bembalkar and Mr. Parijat Agrawal
- Benchmark – S&P BSE 500 Index (TRI)
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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