Mutual Fund News : Union Mutual Fund introduces Union Large and Midcap Fund

Publish Date:

Union Mutual Fund has launched an open ended equity scheme under Large & Midcap Funds Category. The scheme is known as Union Large & Midcap Fund.

The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies.

The NFO opens for subscription on November 15, 2019 and closes on November 29, 2019.

The fund will be managed by Mr. Vinay Paharia, while its performance will be benchmarked against S&P BSE 250 LargeMidCap Index (TRI).

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout and Reinvestment).