Union KBC MF launches Union KBC Capital Protection Oriented Fund – Series 5
Union KBC MF has launched its close ended capital protection scheme called Union KBC Capital Protection Oriented Fund – Series 5. The NFO of the scheme is currently open for subscription and will close on January 29.
The scheme aims to offer an element of capital protection at the time of maturity of the scheme (36 months) by investing a majority of the money in highly rated debt & money market instruments. The scheme will invest a remaining proportion in equity & equity related instruments which may generate a capital appreciation on initial investment.
In a press release, G Pradeepkumar, CEO, Union KBC MF said, “The scheme is ideal for experienced Investors who have stayed away from investing in equity because of the recent equity market volatility and for first time mutual fund investors as it aims to protect their capital at the time of maturity of the scheme while still giving them exposure to the Indian equity markets. Historically, over the medium to long term period, investing in equities has provided a return that has beaten inflation, and outperformed both cash and debt.”
Union KBC currently manages an average Asset under Management (AUM) of 2,267 crores as on December 31, 2013.
