Union Innovation Fund – Union Mutual Fund files offer document with SEBI
Union Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme following innovation theme.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme is to achieve long term capital appreciation by investingpredominantly in equity and equity related securities ofInnovative Companies. However, there is no assurance that the Investment Objective of the Scheme will be achieved
The fund manager for this scheme is Mr. Vinay Paharia
This product is suitable for investors who are seeking Capital appreciation over long term Investment predominantly in equity and equity related securities of Innovative Companies
The scheme asset allocation will be
- Equity and Equity Related Instruments of Innovative Companies (80% – 100%)
- Equity and Equity Related Instruments of other than above Companies (0% – 20%)
- Debt and Money Market Instruments (0% – 20%)
- Units issued by REITs and InvITs (0% – 10%)
The riskometer for this scheme is Very High
| Name of Mutual Fund | Union Mutual Fund |
| Scheme Name | Union Innovation Fund |
| About Scheme | An open-ended equity scheme following innovation theme |
| Offer of Unit | Rs.10 |
| Objective | is to achieve long term capital appreciation by investingpredominantly in equity and equity related securities ofInnovative Companies. However, there is no assurance that the Investment Objective of the Scheme will be achieved |
| Name of Fund Manage | Mr. Vinay Paharia |
| This product is suitable for investors who are seeking | Capital appreciation over long term Investment predominantly in equity and equity related securities of Innovative Companies |
| The scheme asset allocation will be | Equity and Equity Related Instruments of Innovative Companies (80% – 100%) Equity and Equity Related Instruments of other than above Companies (0% – 20%) Debt and Money Market Instruments (0% – 20%) Units issued by REITs and InvITs (0% – 10%) |
| Riskometer | Very High |
| DRHP | Click here |