2025-05-22 02:27:01 pm | Source: Accord Fintech
Union Mutual Fund introduces Income Plus Arbitrage Active FOF
Union Mutual Fund has launched Union Income Plus Arbitrage Active FOF, an open-ended FoF investing in units of Arbitrage and Debt Oriented Schemes. The NFO opens for subscription on May 22, 2025 and closes on June 05, 2025. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Rs. 1 thereafter.
The performance of the Scheme will be benchmarked with 60% Nifty Composite Debt Index + 40% Nifty 50 Arbitrage Index and its fund managers are Vishal Thakker, Anindya Sarkar and Shrenuj Parekh.
The investment objective of the Scheme is to provide income over medium to long term by investing in units of Arbitrage Fund and Debt Funds.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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