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Union Mutual Fund has launched Union Children's Fund, an open-ended fund solution-oriented fund focusing on children. The fund will have a 5 year lock in period or till the child attain 18 years of age, whichever is earlier.
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.
In a press release, G. Pradeepkumar, CEO, Union MF said, "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.”
