Union Arbitrage Fund – New Fund Offer (NFO) of Union Mutual Fund

Union Arbitrage Fund:  New Fund Offer (NFO) of Union Mutual Fund named Union Arbitrage Fund is being issued from 30-January-2019 to 13-February-2019.


Union Arbitrage Fund


According to Union Mutual Fund, this plan is suitable for the investors who are seeking:-

About Union Arbitrage Fund NFO
Name of the Scheme Union Arbitrage Fund
Fund House Union Mutual Fund
Scheme Type Open-Ended
Scheme Category Hybrid-Arbitrage
Issue Starts 30-January-2019
Issue Closes 13-February-2019
NFO Unit Price Rs 10 Per Unit
Minimum Investment Rs 5,000
Entry Load No
Exit Load 0.25% if redeemed within 1 month, otherwise, Nil.
Investment Manager Union Asset Management Company Private Limited (formerly Union KBC Asset Management Company Private Limited)

(Read: NFO: New Fund Offer of Mutual Funds)

Investment Objectives

According to the fund house, the investment objectives of the scheme is as follows:-

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the Investment Objective of the scheme will be achieved.

Proposed Asset Allocation of the Scheme

The proposed asset allocation of the scheme is given as follows:

Instruments Indicative Allocation (% of total assets) Risk Profile
Minimum Maximum
Equity and Equity related instruments (as part of hedged / arbitrage exposure) 65 90 Medium to High
Debt and Money Market Instruments including margin money deployed for derivatives transactions 10 35 Low
About Union Mutual Fund

Union Mutual Fund was incepted in the year 2010 as a joint venture between Union Bank of India and Dai-Ichi Life Holdings Inc. It was originally co-sponsored by Union Bank of India and KBC Participations Renta, a 100% subsidiary of KBC Asset Management NV. Later the Union Bank of India acquired the entire shareholding held by KBC Participations Renta. Currently, it is sponsored by Union Bank of India and Dai-ichi Life Holdings Inc. Union Bank of India is one of the leading public sector banks in India and Dai-ichi Life Holdings, Inc. (“Dai-ichi Life”) is a Japan’s leading financial service company.

   As on 31-Dec-2018, the Asset Under Management (AUM) of the company is Rs 4,208.04 Crores.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059.

Telephone: Toll-Free No. 18002002268 • Non-Toll-Free. 022-67483333

Website: www.unionmf.com

Please click here to read the scheme related document.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

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Tags: #NFO #Mutual Fund #New Mutual Fund #Union NFO #New Fund Offer #Union Mutual Fund 



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