Union Mutual Fund launches Union Childrens Fund

NFO period: 28^th November ? 12^th 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)