Union Innovation & Opportunities Fund NFO: Key details you need to know

17 Aug 2023 , 10:12 AM

Union Mutual Fund is launching NFO under its “Sectoral fund category”, named as Union Innovation & Opportunities Fund. This open-ended fund aims to generate long term capital appreciation by investing in equity and equity related instruments across market capitalizations.

Investment strategy: The Scheme will invest predominantly (atleast 80% of net assets) in Equity and Equity Related Instruments of Innovative Companies, which in the opinion of the Fund Manager offer superior risk reward payoff.

Asset allocation: The corpus of the Scheme will be invested in a portfolio of predominantly Equity and Equity Related Instruments of Innovative Companies.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in innovative companies should invest in Union Innovation & Opportunities Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty 500 TRI.

Fund Managers: Mr. Hardik Bora and Mr. Sanjay Bembalkar.

The NFO is available for subscription from August 16 to August 30. 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 1000/- 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 Innovation & Opportunities Fund.