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NFO News Union Mutual Fund launches its equity savings fund

Union Mutual Fund launches its equity savings fund

The NFO will open from July 19, 2018 to July 30, 2018.
Team Cafemutual Jul 18, 2018

Union Mutual Fund has launched Union Equity Savings Fund, an open-ended scheme investing in equity, arbitrage and debt.

The scheme aims to seek capital appreciation and generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments.

The NFO will open from July 19, 2018 to July 30, 2018. Vinay Paharia, CIO, Union MF will manage the scheme.  The scheme will follow multicap strategy for stock picking based on bottom-up analysis. Fund manager will increase equity allocation when markets go down and decrease equity allocation when markets go up. 

In a press release, G Pradeepkumar, Chief Executive Officer (CEO), Union MF said, “Union Equity Savings Fund is ideal for investors who are looking for dual benefits of capital growth and stability in returns. The active asset allocation strategy that will be adopted by the scheme is expected to provide capital growth through equity, the arbitrage portion will help capture mispricing opportunities and the debt portion will provide stability in returns and likely low volatility.”

 

 

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