Union Children's Fund NFO: Everything you need to know

30 Nov 2023 , 12:32 PM

Union Mutual Fund is launching NFO under its “solution-oriented category”, named as Union Children’s Fund. 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.

Investment strategy: The Scheme shall follow an active investment strategy and will invest minimum 65% of its net assets in equity and equity related securities, which in the opinion of the Fund Manager offers superior risk reward payoff.

Asset allocation: The scheme will invest will be invested in a portfolio mix of equity and equity related instruments, debt and Money Market Instruments, units issued by REITs and InvITs, and schemes of mutual funds.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 10 years to diversify their portfolio S&P BSE 500 companies to secure children’s future with a lock-in period of 5 years should invest in Union Children’s Fund. 

Risk associated: Very high level of risk.

Benchmark: S&P BSE 500 TRI Index.

Fund Managers: Mr. Hardik Bora, Mr. Sanjay Bembalkar, Mr. Parijat Agrawal.

The NFO is available for subscription from November 28 to December 12. The scheme 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 Children’s Fund.