Union Innovation Fund – Union Mutual Fund files offer document with SEBI

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 FundUnion Mutual Fund
Scheme NameUnion Innovation Fund                  
About SchemeAn open-ended equity scheme following innovation theme
Offer of UnitRs.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 ManageMr. 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 beEquity 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%)
RiskometerVery High
DRHPClick here

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