Union Business Cycle Fund NFO: Details you need to know

22 Feb 2024 , 02:07 PM

Union Mutual Fund is launching NFO under its “sector category”, named as Union Business Cycle Fund. The investment objective of the scheme is to generate long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles in the economy.

Investment strategy: To achieve the investment objective, the Scheme shall follow an active investment strategy and will make investments as per the asset allocation pattern of the Scheme.

Asset allocation: The scheme aims to invest in equity & equity related instruments of business cycle-based theme.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in business cycle-based theme should invest in Union Business Cycle Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty 500 Index.

Fund Managers: Mr. Sanjay Bembalkar and Mr Hardick Bora

The NFO is available for subscription from February 13 to February 27. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Union Business Cycle Fund.