Union AMC launches Union Multicap Fund

Union AMC announced the launch of Union Multicap Fund, an open-ended equity scheme, that will aim to benefit from higher growth potential offered by mid and small caps, coupled with lesser volatility via large caps. New Fund Offer (NFO) will open on November 28 and will close for subscriptions on December 12.

Union Multicap Fund aims to follow a mix of top-down and bottom-up approach to identify opportunities in large, mid and small cap space. The Scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI. The stock selection will be based on the “Fair Value” approach.

Speaking on the launch of Union Multicap Fund, G Pradeepkumar, Chief Executive Officer, Union AMC, said, “Empirical data shows that different market caps perform differently in different periods and it is not easy to gauge which segment will outperform and which will underperform. Union Multicap Fund endeavors to enable investors navigate across market caps and provide true diversification by following a disciplined investment approach which ensures that the fund is not over-invested in any particular market capitalization at any point in time.”


Mr. Sanjay Bembalkar, Fund Manager, Equity, Union AMC said, “Union Multicap Fund would provide investors a disciplined way to participate in India’s growth story through presence across market capitalization. The stock selection approach would consider our process framework of looking at good companies managed by good management through the lens of a fair value approach while the portfolio construction approach would be quantamental (fundamental + quantitative) in nature.”