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 Funds

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
Union Small Cap Fund Equity 3 1,160 4.8 31.2 14.1
Union Long Term Equity Fund Equity 4 575 5.8 21.3 14.1
Union Large & Midcap Fund Equity - 408 3.5 21.1 -
Union Flexi Cap Fund Equity 4 1,360 3.0 20.7 14.2
Union Value Discovery Fund Equity 3 147 8.8 20.5 -
Union Focused Fund Equity 4 336 5.4 20.0 -
Union Largecap Fund Equity 2 245 2.7 16.2 11.1
Union Balanced Advantage Fund Hybrid 3 1,857 4.5 12.7 -
Union Equity Savings Fund Hybrid 2 151 3.3 8.1 -
Union Corporate Bond Fund Debt 2 378 2.4 5.6 -
Union Dynamic Bond Fund Debt 1 94 0.1 4.7 5.4
Union Arbitrage Fund Hybrid 3 75 3.8 4.3 -
Union Liquid Fund Debt 3 1,178 4.7 4.2 4.5
Union Overnight Fund Debt 3 262 4.5 3.7 -
Union Midcap Fund Equity - 565 6.3 - -
Union Retirement Fund Solution Oriented - 66 - - -
Union Medium Duration Fund Debt 2 185 1.3 - -
Union Hybrid Equity Fund Hybrid - 581 4.0 - -
Union Gilt Fund Debt - 150 - - -
Union Money Market Fund Debt - 129 4.4 - -

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. 

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.

Here are all the important details about Union Asset Management Co. Pvt. Ltd. for you to know before you choose to invest your money with Union Mutual Fund – 

UNION AMC Ltd Key Information

Mutual Fund Name UNION Mutual Fund
Assets Managed INR 8147.19 crore (Mar-31-2022)
AMC Incorporation 30th December 2009
AMC Setup Date 23rd March 2011
Sponsor Name Dai-ichi Life Holdings, Inc. / Union Bank of India
Trustee Company Union Trustee Company Private Limited (formerly Union KBC Trustee Company Private Limited)
Managing Director and Chief Executive Officer Mr G. Pradeepkumar
CIO Mr Vinay Paharia
Chairman Mr Rajkiran Rai G.
Compliance Officer Ms Padmaja Shirke
Investor Service Officer Mr Joseph Idichandy
Registered Office Unit No. 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059
Corporate Office Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East)
Telephone Nos. (022) 6748 3300
Fax Nos. 022-24833401
Email inveorcare@Unionmf.com
Registrar and Transfer Agent Computer Age Management Services Pvt. Ltd.
Auditors M/s. Chaitanya C Dalal & Co – For Trustee Company M/s. Deloitte Haskins and Sells LLP – For Mutual Fund Schemes M/s. Jain Chowdhary & Co – For AMC
Custodians SBI-SG Global Securities Services Private Limited

Union Mutual Fund Managers

1. Mr. 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). 

2. Mr. 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. 

3. Mr. 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.

4. Mr. 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:

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 Funds to Invest

Returns are not always the best indicator of investment success – especially for a fund that had to weather a financial crisis. But performance analysis is one of the many factors a successful investor should be aware of.

When deciding between investing in either small-cap companies or large-cap companies, what is the better choice? And how does it impact the investment itself for both risks and rewards? Below we will discuss the comparisons between small-cap and large-cap funds to determine whether a large-cap stock is worth more than a small-cap stock. And on top of this, we will compare the overall difference of what you can gain from either type of market.

Here is a quick look at the top 10 UNION mutual fund investment options that have provided high returns to investors:

Union Small Cap Fund

The scheme will primarily follow an active, bottom-up approach while investing, i.e., companies with adequate potential for growth will be preferred over others. Top-down selections will be considered if market opportunities become available at attractive valuations. The fund primarily aims to generate consistent returns through an active portfolio management approach.

  • Category: Equity Small Cap
  • Scheme Type: Equity
  • NAV INR 31.18 as on 02/08/2022
  • AUM: INR 577 crore
  • Inception Date: 10th June 2014
  • Fund Manager: Hardick Bora and Vinay Paharia
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹1,160 Cr
1Y Returns 4.8%

Union Long Term Equity Fund

This fund aims to deliver superior returns over the long term. In this regard, fund managers focus on selecting stocks that are likely to underperform the market (based on their historical price performance in recent times) but are poised to deliver outsize returns in the future. Following such stocks will involve identifying companies with demonstrated growth potential but where analysts express negative sentiments about the stock.

  • Category: Equity ELSS
  • Scheme Type: Equity
  • NAV Rs 43.72 as on 02/08/2022
  • AUM: INR 478.56 crore
  • Inception Date: 1st January 2013
  • Fund Manager: Sanjay Bembalkar and Vinay Paharia
  • SIP (Minimum Amount): INR 500/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 500/-
Min Investment Amt ₹500
AUM ₹575 Cr
1Y Returns 5.8%

Union Flexi Cap Fund

Equity funds provide the highest and most stable returns due to their long-term orientation and fundamental research. Equity schemes of mutual fund companies invest in both stocks and equity mutual funds. It is a  flexible fund that allows investors to invest safely in the fund without fearing returns getting impacted.

  • Category: Flexi Cap
  • Scheme Type: Equity
  • NAV INR 35.09 as on 02/08/2022
  • AUM: INR 1084.67 crore
  • Inception Date: 1st January 2013
  • Fund Manager: Hardick Bora and Vinay Paharia
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹1,360 Cr
1Y Returns 3.0%

Union Value Discovery Fund

The scheme has been performing extremely well since its inception and has created superior returns for its investors. The Union Value Discovery Fund – Direct-Growth Scheme (the “Scheme”) invests in a portfolio of companies which are expected to show strong fundamentals over the long term. Equity mutual funds have historically outperformed all other asset classes, including fixed deposits and gold. In the long run, two out of every three rupees you invest in an actively managed equity mutual fund should make you money.

  • Category: Value-oriented
  • Scheme Type: Equity
  • NAV INR 17.32 as on 02/08/2022
  • AUM: INR 127.27 crore
  • Inception Date: 5th December 2018
  • Fund Manager: Sanjay Bembalkar and Vinay Paharia
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹147 Cr
1Y Returns 8.8%

Union Largecap Fund

The scheme aims to provide investors with income and growth of funds over the medium to long term. The MF scheme invests in a portfolio of large-cap companies with a bias towards growth stocks that consistently offer superior earnings. It certainly bends towards the high-risk zone.

  • Category: Large Cap
  • Scheme Type: Equity
  • NAV INR 16.77 as on 02/08/2022
  • AUM: INR 213.46 crore
  • Inception Date: 11th May 2017
  • Fund Manager: Sanjay Bembalkar and Vinay Paharia
  • SIP (Minimum Amount): INR 2000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹245 Cr
1Y Returns 2.7%

Union Balanced Advantage Fund

Investing in the scheme would enable you to participate in the stock market and build a healthy portfolio by taking advantage of long-term capital appreciation and dividend yields. The fund is designed to generate reasonable returns under various market conditions by investing systematically across the markets in India with a primary focus on growth.

  • Category: Dynamic Asset Allocation
  • Scheme Type: Hybrid
  • NAV INR 15.67 as on 02/08/2022
  • AUM: INR 1857.12 crore
  • Inception Date: 29th December 2017
  • Fund Manager: Parijat Agrawal, Hardick Bora and Vinay Paharia
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹1,857 Cr
1Y Returns 4.5%

Union Equity Savings Fund

Union Equity Funds scheme strives to provide direct growth and consistent return by actively investing in a combination of financial options as a moderate-risk scheme with the primary aim of achieving good returns on investment. This is if you’re looking for a safe place to park your invested savings.

  • Category: Dynamic Asset Allocation
  • Scheme Type: Hybrid
  • NAV INR 13.55 as on 26/07/2022
  • AUM: INR 1857.12 crore
  • Inception Date: 29th December 2017
  • Fund Manager: Parijat Agrawal, Hardick Bora and Vinay Paharia
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹151 Cr
1Y Returns 3.3%

Union Corporate Bond Fund

With attractive market-linked returns, this scheme is a good option for investors who want to make consistently higher returns while taking risks. Starting with a portfolio allocation largely focused on corporate debt securities, the scheme seeks to achieve growth with the flexible investment option in corporate bonds.

  • Category: Corporate Bond
  • Scheme Type: Debt
  • NAV INR 12.6570 as on 02/08/2022
  • AUM: INR 469.96 crore
  • Inception Date: 25th May 2018
  • Fund Manager: Parijat Agrawal, Anindya Sarkar
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹378 Cr
1Y Returns 2.4%

Union Dynamic Bond Fund

The Union Dynamic Bond Fund Direct-Growth scheme is primarily for investors seeking a flexible and liquid investment option for medium-term to long-term objectives. The scheme invests primarily in bonds, money market instruments and other debt depending on the RBI’s monetary policy.

  • Category: Dynamic Bond
  • Scheme Type: Debt
  • NAV INR 20.0313 as on 02/08/2022
  • AUM: INR 102.43 crore
  • Inception Date: 29th December 2009
  • Fund Manager: Parijat Agrawal, Devesh Thacker
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹94 Cr
1Y Returns 0.1%

Union Arbitrage Fund

The UNION Floating Rate Fund is an open-ended debt scheme that invests in floating rate instruments like swaps, derivatives, and other exposures. The scheme has a moderate risk rating and is ideal for those looking for a minimum investment horizon of 6 months.

  • Category: Arbitrage
  • Scheme Type: Hybrid
  • NAV INR 11.7746 as on 02/08/2022
  • AUM: INR 95 crore
  • Inception Date: 30th January 2019
  • Fund Manager: Vishal Thakker, Devesh Thacker
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR. 1000/-
Min Investment Amt ₹1,000
AUM ₹75 Cr
1Y Returns 3.8%

Frequently Asked Questions

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.

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

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.

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.

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.

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.

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.

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.

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.

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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