Union Mutual Fund

Union Mutual Fund

In the last decade, Union Asset Management Co. Pvt. Ltd. has emerged as one of the top players in India’s asset management sector as the investment wing of the prestigious Union Bank of India. Popularly known as Union Mutual Fund, the company’s vision ever since its inception in 2009 has been, “be the bridge of opportunity for investors to achieve sustainable prosperity through responsible investing in the capital markets.”

Established in December 2009, Union Mutual Fund collaborated with KBC Asset Management NV – a premium AMC based in Belgium – to start off their first mutual fund company under the name ‘Union KBC Mutual Fund.’ The collaboration saw a 49%-51% partnership between Union Bank of India and KBC Asset Management NV.

Best Union Mutual Fund

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However, after seven years of running a successful AMC, the partnership entered a resolution in 2016, making UBI the sole proprietor of Union Mutual Fund for a brief period. Thereafter in 2017, Union Bank entered into a fresh partnership with Dai-ichi Life, one of Japan’s major financial services companies. The latter acquired a 39.62% stake in the AMC, and thus, Union Mutual Fund got its new name – Union Asset Management Co. Pvt. Ltd. View More

The Major Sponsors of Union Asset Management Co. Pvt. Ltd.

1. Union Bank of India
Union Bank of India is a major public bank in India, and it completed 100 years in 2019. As of May 31, 2019, Union Bank of India has one representative office, three international branches (Hong Kong, Antwerp, and Sydney), and 9,312 domestic branches. UBI has total assets worth $140 billion and an employee strength of 78,202 (F.Y. 2021).

2. Dai-ichi Life
Dai-ichi Life Holdings, Inc. is a limited liability stock company incorporated in Japan in 1902 and listed on the Tokyo Stock Exchange. It is a globally renowned holding company with a presence in insurance and non-insurance businesses through a league of associate companies and subsidiaries. Dai-ichi Life’s global asset management company, known as Asset Management One Co. Ltd., is responsible for managing the non-insurance businesses of the organization in Japan and overseas. Together with Union Bank of India, Dai-ichi Life manages Union Asset Management Co. Pvt. Ltd. The total net assets of Dai-ichi Life is $347 billion.

Currently, Union Asset Management Co. Pvt. Ltd. has about 18 mutual fund products listed in the market across debt, equity, and hybrid schemes. The degree of risks and returns vary with different schemes.

Union Mutual Fund Managers

G. Pradeepkumar

Mr. G. Pradeepkumar is the current CEO and Managing Director of Union Asset Management Co. Pvt. Ltd. One of India’s most influential personalities in the mutual fund industry, Mr. Pradeepkumar has a PGDM from IIM Ahmedabad. He has worked with various companies in vital positions, like UTI International Ltd. (Director and CEO) and IDFC Investment Advisors Ltd. (Chief Marketing Officer).

Vinay Paharia

With over 16 years of experience in the financial services industry, Mr. Vinay Paharia commenced his career at Global Stockbroking Pvt. Ltd. as an equity research analyst and is currently working at Union Management Co. Pvt. Ltd. as its Chief Investment Officer. Academically, Mr. Vinay Paharia has an MMS degree in Finance from Welingkar Institute of Management and holds a CFA from the Institute of Chartered Financial Analyst of India. Mr. Paharia’s vast experience has given him a deep understanding of the mutual funds market. He currently manages more than nine Union Mutual Fund schemes with an aggregated AuM of Rs. 1,793 crores.

Parijat Agrawal

The Head of Fixed Income in Union Asset Management Co. Pvt. Ltd., Mr. Parijat Agrawal has immense experience in mutual funds and financial services spanning over two decades. Mr. Agrawal has been associated with Union Mutual Fund since the company’s inception. He has a B.E. in Electronics and Communications and a PGDM from IIM Bangalore. His portfolio has seen him work in influential positions at some of the most prestigious companies, such as SBI Mutual Fund, State Bank of Mauritius Limited, and Sun F&C Asset Management.

Anindya Sarkar

Backed with an experience of over 18 years in the financial services industry, Mr. Anindya Sarkar is one of the most important persons behind the success of Union Asset Management Co. Pvt. Ltd. He is currently working as the Fund Manager – Fixed Income in the asset management company. He joined the AMC as the Vice President (Risk Management) and worked in the portfolio for eight years before becoming the Fund Manager in the Fixed Income sector. He has a B.E. in Civil and a double MBA in finance and risk and insurance.

How to Invest in Union Fund?

Over the years, investing in stocks has marched on, and investors have become increasingly careful with how they invest. They know less about picking stocks and more about finding good companies to partner with for long-term business success. That is why some investors choose to invest in mutual funds over stocks. A mutual fund is a professionally managed type of investment that pools money from investors, who then get exposure to stock market investments in small portions.

If you want to invest in UNION Mutual Funds, the process is extremely simple on the 5Paisa platform. 5Paisa is one of the country’s largest investing platforms, and you can easily add UNION and other mutual funds to your portfolio. The steps to invest in UNION Mutual Fund online is as follows: View More

Step 1: Log in to your 5Paisa Account. If you do not have one, register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the UNION Mutual Fund scheme that you want to invest in

Step 3: Select the option that is apt for your requirement and risk appetite

Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum

Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the UNION Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Top 10 Union Mutual Fund to Invest

  • Fund Name
  • Min SIP Investment Amt
  • AUM (Cr.)
  • 3Y Return

Union Small Cap Fund – Direct Growth is an Small Cap scheme that was launched on 17-06-14 and is currently under the management of our experienced fund manager Hardick Bora. With an impressive AUM of ₹1,294 Crores, this scheme's latest NAV is ₹45.88 as of 12-04-24.

Union Small Cap Fund – Direct Growth scheme has delivered a return performance of 50% in the last 1 year, 25.5% in the last 3 years, and an 16.7% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Small Cap funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹1,294
  • 3Y Return
  • 50%

Union ELSS Tax Saver Fund – Direct Growth is an ELSS scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Sanjay Bembalkar. With an impressive AUM of ₹846 Crores, this scheme's latest NAV is ₹62.04 as of 12-04-24.

Union ELSS Tax Saver Fund – Direct Growth scheme has delivered a return performance of 41% in the last 1 year, 21.1% in the last 3 years, and an 14.8% since its launch. With a minimum SIP investment of just ₹500, this scheme offers a great investment opportunity for those looking to invest in ELSS funds.

  • Min SIP Investment Amt
  • ₹500
  • AUM (Cr.)
  • ₹846
  • 3Y Return
  • 41%

Union Flexi Cap Fund – Direct Growth is an Flexi Cap scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Sanjay Bembalkar. With an impressive AUM of ₹1,986 Crores, this scheme's latest NAV is ₹50.27 as of 12-04-24.

Union Flexi Cap Fund – Direct Growth scheme has delivered a return performance of 43.2% in the last 1 year, 20.7% in the last 3 years, and an 14.6% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Flexi Cap funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹1,986
  • 3Y Return
  • 43.2%

Union Value Fund – Direct Growth is an Value scheme that was launched on 05-12-18 and is currently under the management of our experienced fund manager Sanjay Bembalkar. With an impressive AUM of ₹226 Crores, this scheme's latest NAV is ₹25.77 as of 12-04-24.

Union Value Fund – Direct Growth scheme has delivered a return performance of 46.8% in the last 1 year, 22.9% in the last 3 years, and an 19.6% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Value funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹226
  • 3Y Return
  • 46.8%

Union Largecap Fund – Direct Growth is an Large Cap scheme that was launched on 11-05-17 and is currently under the management of our experienced fund manager Hardick Bora. With an impressive AUM of ₹318 Crores, this scheme's latest NAV is ₹23.12 as of 12-04-24.

Union Largecap Fund – Direct Growth scheme has delivered a return performance of 37.8% in the last 1 year, 18.2% in the last 3 years, and an 13% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Large Cap funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹318
  • 3Y Return
  • 37.8%

Union Balanced Advantage Fund – Direct Growth is an Dynamic Asset Allocation or Balanced Advantage scheme that was launched on 29-12-17 and is currently under the management of our experienced fund manager Parijat Agrawal. With an impressive AUM of ₹1,608 Crores, this scheme's latest NAV is ₹19.54 as of 12-04-24.

Union Balanced Advantage Fund – Direct Growth scheme has delivered a return performance of 21.8% in the last 1 year, 11.2% in the last 3 years, and an 11.4% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Dynamic Asset Allocation or Balanced Advantage funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹1,608
  • 3Y Return
  • 21.8%

Union Equity Savings Fund – Direct Growth is an Equity Savings scheme that was launched on 09-08-18 and is currently under the management of our experienced fund manager Sanjay Bembalkar. With an impressive AUM of ₹116 Crores, this scheme's latest NAV is ₹16.04 as of 12-04-24.

Union Equity Savings Fund – Direct Growth scheme has delivered a return performance of 16% in the last 1 year, 8.5% in the last 3 years, and an 8.8% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Equity Savings funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹116
  • 3Y Return
  • 16%

Union Corporate Bond Fund – Direct Growth is an Corporate Bond scheme that was launched on 25-05-18 and is currently under the management of our experienced fund manager Parijat Agrawal. With an impressive AUM of ₹441 Crores, this scheme's latest NAV is ₹14.0574 as of 12-04-24.

Union Corporate Bond Fund – Direct Growth scheme has delivered a return performance of 7% in the last 1 year, 5% in the last 3 years, and an 6% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Corporate Bond funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹441
  • 3Y Return
  • 7%

Union Dynamic Bond Fund – Direct Growth is an Dynamic Bond scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Parijat Agrawal. With an impressive AUM of ₹113 Crores, this scheme's latest NAV is ₹22.1721 as of 12-04-24.

Union Dynamic Bond Fund – Direct Growth scheme has delivered a return performance of 6.8% in the last 1 year, 4.2% in the last 3 years, and an 6.6% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Dynamic Bond funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹113
  • 3Y Return
  • 6.8%

Union Arbitrage Fund – Direct Growth is an Arbitrage scheme that was launched on 20-02-19 and is currently under the management of our experienced fund manager Vishal Thakker. With an impressive AUM of ₹156 Crores, this scheme's latest NAV is ₹13.3077 as of 12-04-24.

Union Arbitrage Fund – Direct Growth scheme has delivered a return performance of 8.3% in the last 1 year, 5.9% in the last 3 years, and an 5.7% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Arbitrage funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹156
  • 3Y Return
  • 8.3%

Closed NFO

Frequently Asked Questions

How much should I invest in a UNION Mutual Fund SIP?

The amount you should invest in a SIP depends on your financial goals and the amount of money you have. The amount you will pay each month will depend on how much the mutual fund charges as its expense ratio. You can use our Mutual Fund SIP calculator to determine how much your monthly investment should be based on your goal and other details.

Can you increase the SIP amount for a UNION mutual fund?

You can increase your SIP amount for the next subscription date. You can change your SIP amount only once a month, and the new amount will be charged from the next subscription date onwards. All you need to do is choose the edit option and increase the SIP amount.

Do I need a DEMAT account for investing in UNION mutual funds with 5Paisa?

You do not have to open a Demat account to invest in mutual funds. With 5Paisa’s apps, you can purchase and trade mutual funds on the fly. Download the Invest app and the Mobile Trading App and open an MF account.

How many investment options does UNION AMC offer?

UNION AMC offers a wide range of investment options, including mutual funds, ETFs, bond funds, and liquid schemes. There are various investment options to help you reach your financial goals.

How has Union mutual fund's performance differed from its counterparts?

Union’s funds have a successful, proven track record. And part of that success is attributable to investing in riskier, more volatile investment opportunities. But all investments involve risk. The key to making money is knowing how to manage that risk with proper portfolio diversification.

What is the minimum amount to start a UNION mutual fund SIP online?

When you sign up for a SIP in a UNION mutual fund, the minimum amount is INR 500.

What are the additional benefits of investing in UNION mutual funds with 5Paisa?

Invest your money safely and securely with 5Paisa. The zero-commission platform offers a variety of investment options, including Mutual Funds, Gold, ETFs and more. Choose from SIP or Lumpsum options and avail of the ease of accessibility and user-friendly platform with no hidden charges.

Can you stop a UNION mutual fund online?

Yes, you can stop purchasing new shares in a mutual fund during a subscription period. To do so, simply go to your account on 5Paisa and request that it cancel your standing order for additional shares. You have to click the “Stop SIP” option under the scheme, and you’re ready.

How can you determine which Union funds to invest in while creating an investment portfolio?

Past performance is not a guarantee of future results. When looking at returns, we recommend focusing on the returns generated in the most recent periods by the relevant investment timeframe.

How are the Union Mutual Funds beneficial in boosting your investment portfolio?

Mutual funds are investment options made available to individuals and organizations that want to invest without having to select individual stocks. To help you make an educated decision, 5Paisa as a platform will answer your questions about mutual funds, like how much a mutual fund costs, what happens when you need to sell shares and how you can purchase them directly.

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