365Telugu.com online news,Mumbai, November 28th, 2023: Union Asset Management Company Pvt. Ltd., Investment Manager to Union Mutual Fund, sponsored by Union Bank of India and Japan’s Dai-ichi Life Holdings, Inc., today announced the launch of Union Children’s Fund – an open-ended fund for investment for children, having a lock-in for at least 5 years or till the child attains the age of majority (whichever is earlier).
The New Fund Offer (NFO) of Union Children’s Fund (‘the Scheme’) will open on November 28, 2023 and close on December 12, 2023. The Scheme will re-open for ongoing sale and repurchase within 5 business days from Allotment.
Benchmarked against S&P BSE 500 Index (TRI)^^, the Scheme aims to generate long-term capital appreciation by investing in a mix of securities comprising equity, equity-related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to providing investment solution to investors.
The minimum application amount for investment in the Scheme is Rs 1,000 and in multiples of Rs. 1 thereafter.
Mr. G. Pradeepkumar, Chief Executive Officer (CEO) of Union AMC, said, “We are excited to announce the launch of Union Children’s Fund. At a time when inflation is on the rise, it has become challenging for people to invest for their children’s future needs.
In this scenario, imagine a future where each child’s dreams have no limits, where his/her potential is nurtured, and where every milestone is supported with unwavering love and financial well-being. That’s exactly what Union Children’s Fund aims for – to help you plan for your child’s bright future. This investment can be a tangible expression of your love and commitment towards your child.”
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
| This product is suitable for investors who are seeking* | Riskometer | Benchmark Riskometer |
| Long Term Capital Appreciation Investment 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 | | |
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made. The Benchmark riskometer is based on the evaluation of the portfolio data as of October 31, 2023.
^^Benchmark S&P BSE 500 Index disclaimer: The “Index” viz. “S&P BSE 500 Index”, is a product of Asia Index Private Limited (AIPL), which is a joint venture of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and BSE, and has been licensed for use by Union Asset Management Company Private Limited.
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is a registered trademark of BSE Limited (“BSE”); and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
© Asia Index Private Limited 2014. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission of AIPL. For more information on any of AIPL’s indices please visit http://www.asiaindex.com/.
None of AIPL, BSE, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and none of AIPL, BSE, S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC or their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Statutory Details: Constitution: Union Mutual Fund has been set up as a Trust under the Indian Trusts Act, 1882; Sponsors: Union Bank of India and Dai-ichi Life Holdings, Inc.; Trustee: Union Trustee Company Private Limited, [Corporate Identity Number (CIN): U65923MH2009PTC198198], a company incorporated under the Companies Act, 1956 with a limited liability;
Investment Manager: Union Asset Management Company Private Limited, [Corporate Identity Number (CIN): U65923MH2009PTC198201], a company incorporated under the Companies Act, 1956 with a limited liability. Registered Office: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059. Toll Free No. 18002002268/18005722268 • Non Toll Free. 022-67483333 • Fax No: 022-67483402 • Website: www.unionmf.com • Email: investorcare@unionmf.com
Copy of all Scheme related documents along with the application form can be obtained from any of our AMC offices, Customer Service Centres / distributors as well as from our website www.unionmf.com.