Investment Duration5 years
₹ 0Total Investment
₹ 0Wealth Gained
Total Corpus Created (₹)With assumed returns of 11.25 %
About Union Asset Management Co. Pvt. Ltd.
Union Asset Management Co. Pvt. Ltd. manages assets worth 5,032 crores and was set up on 30 December 2009. It's current offering of mutual fund schemes includes 28 equity,26 debt and 12 hybrid funds.See top Union Asset Management Co. Pvt. Ltd. funds
Union Mutual Fund is sponsored by Union Bank of India. Originally, the mutual fund was originally co-sponsored by Union Bank of India and KBC Participations Renta (100% subsidiary of KBC Asset Management Belgium). The company was incorporated in 2009 and manages around INR 3,623.49 Crore.
Top Union Mutual Fund Schemes
₹ 274 Cr
₹ 383 Cr
₹ 774 Cr
Dynamic Asset Allocation Or Balanced Advantage
₹ 509 Cr
₹ 774 Cr
Union Mutual Funds NAV Chart
Key Fund Information
Union Asset Management Co. Pvt. Ltd. manages assets worth 5,032 crores and was set up on 30 December 2009. It's current offering of mutual fund schemes includes 28 equity,26 debt and 12 hybrid funds.
23 March 2011
30 December 2009
Dai-ichi Life Holdings, Inc. / Union Bank of India
Mr. G. Pradeepkumar
Union Trustee Company Private Limited (formerly Union KBC Trustee Company Private Limited)
Mr. Vinay Paharia
Continuous Assessment of the fund based on our proprietary rating system
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Union Bank of India sponsors Union Mutual Fund. Union Bank of India and KBC Participations Renta (100% subsidiary of KBC Asset Management Belgium) originally co-sponsored the mutual fund.
The Union Bank of India acquired the shares in Union Asset Management Company Pvt. Ltd. and Union Trustee Company from KBC Participations, Renta.
Union Mutual Fund’s mission is to be the bridge of opportunity for investors to achieve sustainable prosperity through responsible investing in the capital markets. Furthermore, the company offers mutual fund, debt, equity, and capital protection oriented schemes. The company was incorporated in 2009 and managed around INR 3,623.49 Crore.
Time needed: 30 minutes.
One can invest in Union Asset mutual funds with Scripbox. Scripbox is an online platform that enables mutual fund investment at a click of a mouse. Following the below steps will help in investing in mutual funds.
To start one’s investment journey, one has to visit Scripbox’s website and click on “Let’s get started” on its homepage. It will display a list of investment options as per different life goals. One can choose a financial goal or goals based on their requirements. By doing so will enable them to invest in mutual funds. Click on “Continue” to go ahead with mutual fund investment.
In this step, one has to create an account with Scripbox using their e-mail id. After logging in, one has to enter the investment amount and choose from the list of payment options given. Also, the investor has an option to invest in mutual funds regularly by way of SIP investment. Or they can invest one time through lump sum investment. For SIP investment, they can choose “Every month SIP”, and for lumpsum, they can choose “One-time”. Furthermore, to estimate their potential returns, investors can use Scripbox mutual fund calculators. For SIP investment, they have the SIP calculator, and on the other hand, for lump sum investment they have the lumpsum calculator. One can see the recommended funds by clicking on the “See recommended funds” button. By doing so, a list of funds will be displayed.
In this step, one will be able to check the fund they will invest along with the investment amount. We suggest one to check all the details before proceeding ahead. Also, one can always change the investment amount and funds by clicking on “I want to change funds/amount”. Click on “Next” to make payment.
This step involves actual investment. One has to give their bank account details and PAN card details to process their mutual fund investment. Also, Scripbox provides a secure environment for investing. Moreover, the bank details will only be used for investing and crediting redemption proceeds.
KYC stands for Know Your Customer. It is used to identify a client/investor. According to SEBI regulations, all investors need to be KYC compliant. Only then they can invest in SEBI registered mutual funds. Furthermore, SEBI prescribes all the KYC requirements. A KYC form includes the following details: address, financial status, demographics, occupation and identity.
Also, one can get their KYC done with Scripbox. The following documents are needed by Resident Indians and PIOs residing in India for the purpose of KYC:
One needs to upload clear colour scanned copies of their KYC documents at the time of registration itself. Alternatively, they could also share their KYC documents at email@example.com or Whatsapp it to us on +91-8884448026.
Following are the top equity mutual funds at Union Mutual Fund:
Mr Vinay Paharia is the Chief Investment Officer (CIO) at Union Asset Management Company Private Limited. Before joining Union, he was with Invesco AMC, L&T Mutual Fund and K R Choksey Shares and Securities. He also worked with First Global Stockbroking Pvt. Ltd. Mr Paharia holds MMS degree from Welingkar Institute of Management, Mumbai. Also, he holds a B Com degree from Narsee Monjee College.
He currently manages the following funds, Union Mid Cap Fund, Union Multi Cap Fund, Union Small Cap Fund, Union Balanced Advantage Fund, Union Equity Savings Fund, Union Value Discovery Fund, Union Largecap Fund, Union Long Term Equity Fund, Union Focused Fund, and Union Large & Midcap Fund.
Mr Hardick Bora is currently the Fund Manager – Equity at Union Asset Management Company. He has more than 12 years of experience in the financial services sector. Before joining Union, he was with Motilal Oswal Securities, Dolat Capital markets, Khandwala Securities. Previously he also worked with Yen Management Consultants and 3 Global Services Pvt. Ltd. Mr Bora is a CFA charter holder (CFA Institute, USA). He also holds a bachelor’s degree in Banking and Insurance from the University of Mumbai.
He currently manages the following funds, Union Mid Cap Fund, Union Small Cap Fund, Union Balanced Advantage Fund, Union Equity Savings Fund, Union Large & Midcap Fund, and Union Large Cap Fund.
Following are the top debt fund managers at Union Mutual Fund:
Mr Parijat Agarwal is the Head – Fixed Income at the fund house. He has more than 24 years of experience in the industry. Before joining Union, he worked with SBI Mutual Fund as Head of Fixed income, and State Bank of Mauritius. He also worked with Sun F&C Asset Management. Mr Agarwal holds a PGDM from IIM Bangalore. He also has a BE degree in Electronics and Communications.
He currently manages the following funds: Union Equity Savings Fund, Union Dynamic Bond Fund, Union Balanced Advantage Fund, Union Corporate Bond Fund, and Union Medium Duration Fund.
Mr Devesh Thacker is the Fund Manager – Fixed Income at Union Mutual Fund. He has more than 20 years of professional experience. Before joining Union Mutual Fund, he was with Sahara Asset Management Company, ICICI Bank, and Dolat Capital Market. He also worked with Orbis Securities (Indiabulls) and ASK Financial Services. Mr Thacker holds a B. Com degree and also an MBA degree in Finance.
He currently manages the following funds: Union Dynamic Bond Fund, Union Liquid Fund, Union Arbitrage Fund, and Union Overnight Fund.
Mr Anindya Sarkar is currently the Fund Manager – Fixed income at the fund house. He has more than 17 years of experience in the Financial Service Sector. Before joining Union, he was with ICAP India Pvt. Ltd., Sarcon Blockbuild Ltd and Navigators Inc. He also worked with the School of Risk Management and Actuarial Science and St. John’s University. Mr Sarkar holds a Civil Engineering degree. He also has an MBA degree in Finance and Risk & Insurance. Also, he is the Financial Risk Manager (FRM) certification.
He currently manages the following funds: Union Corporate Bond Fund and Union Medium Duration Fund.