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Union MF introduces Money Market Fund
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Union Mutual Fund (MF) has launched the Union Money Market Fund, an open-ended debt scheme investing in money market instruments. The NFO opens for subscription on August 24, 2021, and closes on August 25, 2021. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re1 thereafter.
The performance of the Scheme will be benchmarked with CRISIL Money Market Index$ and its fund managers are Parijat Agrawal and Devesh Thacker.
The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments.
