Union Mutual Fund, a fund house which is sponsored by state-owned lender Union Bank of India, plans to more than double its overall AUM to Rs 9,000 crore in three years time.
For achievement of the goal, the fund house is relying on expanding the company's investor base and the launch of new products.
The fund house is ranked 29th in terms of asset under management (AUM) at the moment, with an overall AUM at around Rs 4,000 crore.