Union Mutual Fund is launching a new multi cap fund, Union Multicap Fund, that offers a diversified portfolio by investing across market caps.
The New Fund Offer (NFO) period for the Union Multicap Fund is from 28th November 2022, to 12th December 2022. The scheme re-opens for continuous repurchases and sale on 26th December 2022.
Investment Objective: The investment objective of the Scheme is to achieve long term capital appreciation by investing in equity and equity related instruments of large, mid and small cap companies. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
|Fund Name||Union Multicap Fund|
|NFO Opening Date||28th November 2022|
|NFO Closing Date||12th December 2022|
|Re-open Date||26th December 2022|
|Type of Fund||Multicap Fund|
|Fund Manager||Mr. Vinay Paharia and Mr. Sanjay Bembalkar|
|Minimum Investment Amount||INR 1,000|
|Minimum Additional Purchase Amount||INR 1,000|
|Suitability||Very High Risk|
|Benchmark||Nifty 500 Multicap 50:25:25|
|Plans and Options||Direct and Regular Plan Growth and Income Distribution cum Capital Withdrawal (IDCW) Option|
- All additional investment amounts should be multiple of INR 1
- Minimum SIP/SWP for Monthly frequency is INR 1,000.
Who Can Invest in Union Multicap Fund NFO?
Union Multicap Fund is a diversified equity mutual fund and best suits investors looking to invest in the equity sector. The scheme spreads its assets dynamically, providing exposure in all market caps (large, mid and small cap) at all points in time. Therefore, investors who prefer a disciplined investment approach over timing the market can consider investing in Union Multicap fund. This multicap fund suits investors having an investment horizon of minimum 5 years or more as it helps in long term wealth creation.
Popular Funds by Union Mutual Funds
- Union Balanced Advantage Fund
- Union Flexi Cap Fund
- Union Small Cap Fund
- Union Midcap Fund
- Union Hybrid Equity Fund
Mr. Vinay Paharia
Mr Vinay Paharia is the Chief Investment Officer (CIO) at Union Asset Management Company Pvt Ltd. He holds B.Com and M.M.S degree. He had more than 18 years of industry experience. Prior to Union, he was with Invesco Asset Management (India) Private Limited as Fund Manager – Equity, DBS Cholamandalam AMC, K. R. Choksey Shares and Securities Pvt Ltd., and First Global Stockbroking Pvt. Ltd. as an Equity Research Analyst.
Mr. Sanjay Bembalkar
Mr Sanjay Bembalkar is a CFA charter holder – CFA Institute, USA, and a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). He has also done M.Sc. (Accounting and Finance) from the London School of Economics. Mr Bembalkar has mroe than 14 years of industry experience. His prior assosciations were with Canara Robeco Asset Management Company Limited as Fund Manager – Equities and Research Analyst, LIC Mutual Fund Asset Management Limited and Quantum Advisors Private Limited in various capacities.
Other Funds Managed
- Union Long Term Equity Fund Growth
- Union Equity Savings Fund Regular Growth
- Union Value Discovery Fund Regular Growth
- Union Focused Fund Regular Growth
- Union Large & Midcap Fund Regular Growth
|Instruments||Minimum Allocation||Maximum Allocation||Risk Profile|
|Equity & Equity Related Instruments of Large Cap Companies||25%||50%||Very High|
|Equity & Equity Related Instruments of Mid Cap Companies||25%||50%||Very High|
|Equity & Equity Related Instruments of Small Cap Companies||25%||50%||Very High|
|Debt and Money Market Instruments||0%||25%||Low to Medium|
|Units issued by REITs and InvITs||0%||10%||Very High|
Similar Mutual Funds
- Nippon India Multi Cap Fund
- HDFC Multicap Fund
- Aditya Birla Sun Life Multi cap Fund
- TATA Flexi Cap Fund
- Axis Multicap Fund
Frequently Asked Questions
You can invest in the Union Multicap Fund through any of the following methods:
Offline: By filling out the Union NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Union mutual fund office.
1. Union Mutual Fund Website
2. Online FinTech platforms and mutual fund platforms
3. Through Demat account
4. Through a mutual fund distributor or agent
Yes, it is a high-risk investment based on the riskometer. Union Multicap Fund is a pure equity mutual fund that invests across large-cap, mid-cap and small-cap companies. Thus, the multicap fund falls under the very high-risk category.
No, Union Multicap Fund has no lock-in period.
The scheme re-opens for ongoing subscriptions, switches and redemptions on December 26th 2022.