Union MF introduces FMP - Series 13 (1114 Days)
Union Mutual Fund (MF) has launched Union Fixed Maturity Plan (FMP) - Series 13 (1114 Days), a Close-ended Debt Scheme with relatively high interest rate risk and moderate credit risk. The NFO opens for subscription on March 21, 2023 and closes on March 28, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The performance of the scheme will be benchmarked against CRISIL Medium Duration Fund BIII Index and its fund managers are Devesh Thacker and Anindya Sarkar.
The Investment Objective of the Scheme is to provide income to the investors through investments in a portfolio comprising of Debt and Money Market Instruments maturing on or before the maturity of the Scheme.
