Union Mutual Fund is sponsored by Union Bank of India and is therefore a trusted brand for investors.
Union Mutual Fund visions to obtain prosperity by responsibly investing in the capital market. Their aim is to provide the right client, the right product at the right time. The asset management company aims at understanding the investor's needs better and customizes products in a way that will be beneficial to them.
It believes in creating an investment platform which is sustainable for the long-term and helps investors to create wealth systematically. The fund house provides various mutual funds across different market capitalization and categories, in order to apppeal to investors with various needs. Union Mutual Fund targets to give its investors a brilliant investing experience and choose mutual fund as an instrument for the long haul.
Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: This fund has consistently beaten its benchmark in Small Cap segment and provided 0.03% annualized returns in the last 3 years. In the last 1 year, it gave -12.75% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -12.75% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Equity mutual fund in India.
Fund Manager: Ashish Ranawade, Hardick Bora
|Launch Date||18 May 2014|
|Min Investment Amt||₹5,000|
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
— Expert recommendations
— ZERO fees !
These funds fall under the Equity Linked Savings Scheme or ELSS and therefore, under Section 80 'C' of the Income Tax Act, these funds are exempted up to a limit of Rs.1,50,000. They primarily invest in equity and equity-related securities, which means that they attain good returns, due to their exposure to equity.
Equity funds invest in equity and equity related securities and aim to obtain long-term wealth appreciation. These funds are comparatively more volatile than debt funds, but they also provide a high rate of return. There are various categories and schemes under equity funds and an investor can choose whichever, keeping in mind his/her risk appetite and duration of investment.
These are comparatively low risk funds and are relatively stable as they do not get heavily affected by market forces. These funds invest primarily in debt/money market instruments and government securities. They are perfect for investors who want a regular income from mutual funds and have a low risk appetite.
Hybrid funds are outstanding for a stand-alone option, good funds for beginners, or core holdings in a complete portfolio of mutual funds.The "hybrid" descriptor comes from the idea that one mutual fund consists of a mix of different elements typically existing in two or more funds. Check out the best hybrid funds offered by Union Mutual Funds
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