Union Mutual Fund has launched the Union Capital Protection Oriented Fund-Series 7, a close ended income scheme. The NFO opens for subscription on February 03, 2017 and closes on February 17, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against 85% CRISIL Short Term Bond Fund Index and 15% Nifty 50 Index and its fund managers are Ashish Ranawade and Parijat Agrawal.
The investment objective of the scheme is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.