Union Arbitrage Fund: New Fund Offer (NFO) of Union Mutual Fund named Union Arbitrage Fund is being issued from 30-January-2019 to 13-February-2019.
According to Union Mutual Fund, this plan is suitable for the investors who are seeking:-
- Income over short term from arbitrage opportunities in the equity market, and
- Investment in arbitrage opportunities in the cash & derivatives segment of the equity market.
About Union Arbitrage Fund NFO
| Name of the Scheme | Union Arbitrage Fund |
|---|---|
| Fund House | Union Mutual Fund |
| Scheme Type | Open-Ended |
| Scheme Category | Hybrid-Arbitrage |
| Issue Starts | 30-January-2019 |
| Issue Closes | 13-February-2019 |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 5,000 |
| Entry Load | No |
| Exit Load | 0.25% if redeemed within 1 month, otherwise, Nil. |
| Investment Manager | Union Asset Management Company Private Limited (formerly Union KBC Asset Management Company Private Limited) |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives
According to the fund house, the investment objectives of the scheme is as follows:-
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the Investment Objective of the scheme will be achieved.
Proposed Asset Allocation of the Scheme
The proposed asset allocation of the scheme is given as follows:
| Instruments | Indicative Allocation (% of total assets) | Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | ||
| Equity and Equity related instruments (as part of hedged / arbitrage exposure) | 65 | 90 | Medium to High |
| Debt and Money Market Instruments including margin money deployed for derivatives transactions | 10 | 35 | Low |
About Union Mutual Fund
Union Mutual Fund was incepted in the year 2010 as a joint venture between Union Bank of India and Dai-Ichi Life Holdings Inc. It was originally co-sponsored by Union Bank of India and KBC Participations Renta, a 100% subsidiary of KBC Asset Management NV. Later the Union Bank of India acquired the entire shareholding held by KBC Participations Renta. Currently, it is sponsored by Union Bank of India and Dai-ichi Life Holdings Inc. Union Bank of India is one of the leading public sector banks in India and Dai-ichi Life Holdings, Inc. (“Dai-ichi Life”) is a Japan’s leading financial service company.
As on 31-Dec-2018, the Asset Under Management (AUM) of the company is Rs 4,208.04 Crores.
Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059.
Telephone: Toll-Free No. 18002002268 • Non-Toll-Free. 022-67483333
Website: www.unionmf.com
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
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Tags: #NFO #Mutual Fund #New Mutual Fund #Union NFO #New Fund Offer #Union Mutual Fund
