Union MF introduces Innovation & Opportunities Fund
Union Mutual Fund (MF) has launched Union Innovation & Opportunities Fund, an open-ended equity scheme following innovation theme. The NFO opens for subscription on August 16, 2023 and closes on August 30, 2023. The Entry load is nil for the scheme. The Exit load of 1%, if units are redeemed/switched out on or before completion of 1 year from the date of allotment and nil, if redeemed or switched out after completion of 1 year from the date of allotment of units. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty 500 Index@@@ Total Return variant of the Index (TRI) and its fund managers are Hardick Bora and Sanjay Bembalkar.
The Investment Objective of the Scheme is to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.
