Union Mutual Fund launches Union Equity Savings Fund

Union Asset Management Company launches Union Equity Savings Fund, an open-ended scheme investing in equity, arbitrage and debt.

The Scheme’s investment objective is to seek capital appreciation to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments.

The New Fund Offer will open from July 19 and will close on July 30th. The Scheme will be managed by Mr Vinay Paharia, Chief Investment Officer of Union AMC.


The scheme is benchmarked against the CRISIL Short Term Debt Hybrid 75+25 Fund Index. It would invest across Large Cap, Mid Cap and Small Cap Stocks. Portfolio of stocks will be selected on a bottom-up basis. The Scheme endeavors to increase equity allocation when markets go down and to decrease equity allocation when markets go up.

“Union Equity Savings Fund is ideal for investors who are looking for dual benefits of capital, growth and stability in returns.The active asset allocation strategy that will be adopted by the scheme is expected to provide capital growth through equity, the arbitrage portion will help capture mispricing opportunities and the debt portion will provide stability in returns and likely low volatility,” says G Pradeep kumar, Chief Executive Officer (CEO), Union AMC.