Union Mutual Fund – Review, Fund Managers, KYC Process, Benefits, Fees & more
Union Mutual Fund AMC is one of the most reputed financial help privates of India.
They have offered a number of helpful plans for the investors around the country with the best plans being the union Equity Fund along with many other profitable plans.
The main reason for investing in Union AMC are the economic and customer service base and trust the company has gained over the years along with the sponsorship quality.
It is quite easy to invest in Union Mutual Funds and the process is quite transparent too.
The KYC check can also be completed easily and is mandatory for all investors. A number of documents would have to be provided for verification.
About Union Mutual Fund
Union Mutual Fund by Union Bank of India is their investment wing. It is one of the main drivers of the asset management sector of India.
They aim at providing investors an opportunity to achieve sustainable prosperity and provide suitable plans for this.
These plans allow them to invest responsibly in the capital markets.
The Asset Management group began in 2009 and had received the advantage of the extensive customer support of Union Bank of India.
It was in alliance with KBC Asset Management NV based in Belgium and came as the Union KBC Mutual Fund for which 49 percent share was by KBC.
However, they took down the partnership by 2016 after which Union Mutual Fund became the sole owner of all shares.
It is currently under the sponsorship by the Union Bank of India and Dai-Chi Life.
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Why Invest in Union AMC?
There are several reasons that Union AMC is one of the top AMC in the country. They provide some amazing plans for investors to choose from.
Thus, can be one of the best options for investors across India if they are aiming at prosperity through capital market investments.
The history of Union Bank is one of the greatest factors to look at. This bank has a heritage of huge financial stabilization in the country.
They have been expanding their institution for a long time now and have successfully acquired a good client base across the country.
The trust developed over the years has been quite impressive enough to be a reason for insuring in Union AMC.
The sponsorship from Dai-Chi Life is also a good aspect of trust in the investment as the company is one of the top three organizations in Japan providing financial services.
The AMC offers some helpful fund plans for investors. A number of the top plans offer really good opportunities in different forms for investors looking for growth in their investment projects.
How to Invest with Union Mutual Funds?
Union Mutual Fund offers plans in various forms for investors. Investing with AMC is quite easy. In order to invest in Union Mutual Finds the following steps can be followed.
The investor first has to build a mutual fund portfolio which could help them to meet the investor’s goals.
You can also easily create the folio for Union Mutual Funds online by the link provided on their official website.
You can also create the folio offline. For this, you have to download the KYC form and fill it up.
You can then send it to the nearest Union Mutual Fund Branch or CAMS Investor Service Centre. In order to make the KYC, a number of documents would be required.
Then they can start investing with a plan available in the AMC. The investor can start with a small amount. Then start automated monthly investments.
Union AMC – Fund Managers
The Union AMC comes by powerful and qualified managers and heads. The Chief Executive Officer is Mr. Pradeep Kumar while the Chief Investment Officer is Mr. Vinay Paharia
The Find Manager for Fixed Income is Mr. Devesh Thacker and Mr. Anindya Sarkar. The fund Manager for Equity is Mr. Hardick Bora.
The Dealers for equity are Mr. Hiten Bhadra and Mr. Vishal Thakker while that for Fixed Income is Mr. Tarun Singh.
Union Mutual Fund – Key Personnel’s
Madhava Kumar is the independent Director of the trustee group of Union AMC along with Mr. A.P Kurian, Mrs. Padmini Gopinath, and Mr.Ramesh S Singh. The Associate Director is Ms. Monika Kalia.
For the Asset Management Company, the independent Directors are Mr. Anil Bafna, Mr.Animesh Chauhan, Mrs. Alice Vaidyan, and Mr. Raghu Palat.
The associate directors of the Company are Mr. Raj Kiran Rai G, and Mr. Gopal Singh Gusain.
How to do KYC Check for Union Mutual Fund?
The KYC compliance stays can be up-to-date by completing the KYC process provided in the Folio.
In order to complete the KYC process, the investor has to download the KYC form provided on the website.
You also have to submit it along with the required documents to the nearest Union Mutual Fund Offices.
After completing the KYC processes, there will be request to update the PAN and KYC status in the respective Folios to the branches.
This is mandatory for all investors by law. This, they should take care to complete the process and submit the required documents on time. You can also check the KYC status online.
Documents Required to Invest in Union AMC
The investors would have to provide all the required documents to invest in Union AMC. This will require the self-attested documents to be submitted for verification.
The PAN card details, personal details, and Bank Account Details would have to be submitted.
Along with this, the investor would have to provide Address Proof and Nominee and FATCA Declaration.
In case the investor is already at Union AMC, he needs to give only minimal documents.
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Union Mutual Funds Fees or charges
|Fund||Minimum Investment (Rs)||Entry Load (in % p.a.)||Exit Load (in % p.a.)||Fund Manager|
|Union Arbitrage Fund – Growth – Direct Plan||5000||N.A||0.25||Vishal Thakker|
|Union Balanced Advantage Fund – Growth – Direct Plan||5000||N.A||1||Vinay Paharia|
|Union Corporate Bond Fund – Growth – Direct Plan||5000||N.A||1||Parijat Agrawal|
|Union Dynamic Bond Fund – Growth – Direct Plan||5000||N.A||1||Parijat Agrawal|
|Union Multi Cap Fund – Growth – Direct Plan||5000||N.A||1||Vinay Paharia|
|Union Equity Savings Fund – Growth – Direct Plan||5000||N.A||1||Vinay Paharia|
|Union Focused Fund – Growth – Direct Plan||5000||N.A||1||Vinay Paharia|
|Union Large & Midcap Fund – Growth – Direct Plan||5000||N.A||1||Vinay Paharia|
|Union Largecap Fund – Growth – Direct Plan||5000||N.A||1||Vinay Paharia|
|Union Liquid Fund – Growth – Direct Plan||5000||N.A||0.007||Devesh Thacker|
Union Mutual Fund deducts some charges for disinvestment management. This can depend on the type of investment plan provided by the AMC. This is also what we refer to as the expense ratio.
This comes under deduction before determining the share price. Also, the fees come under deduction from the total assets of the fund of the investor.
The different funds available are Union Arbitrage Find Growth -Direct Plan, Union Balanced Advantage Fund – Growth – Direct Plan, Union Corporate Bond Fund – Growth – Direct Plan.
Besides, it includes Union Dynamic Bond Fund – Growth – Direct Plan, Union Multi-Cap Fund – Growth – Direct Plan, and Union Equity Savings Fund – Growth – Direct Plan.
Along with this, the Union Focused Fund – Growth – Direct Plan, Union Large & Midcap Fund – Growth – Direct Plan, Union Large cap Fund – Growth – Direct Plan and Union Liquid Fund – Growth – Direct Plan also offers good investment choices.
Best Performing Union Mutual Fund
|Fund Name||Category||Risk||1Y Returns||Fund Size (in Cr)|
|Union Equity Fund||Equity||Moderately High||19.90%||Rs. 415|
|Union Dynamic Bond Fund||Debt||Moderate||11.00%||Rs. 134|
|Union Tax Saver Scheme||Equity||Moderately High||20.20%||Rs. 299|
|Union Liquid Fund||Liquid||Low||4.50%||Rs. 825|
|Union Small Cap Fund||Equity||Moderately High||31.50%||Rs. 387|
|Union Balanced Advantage Fund||Hybrid||Moderately High||21.50%||Rs.555|
|Union Equity Savings Fund||Equity||Moderately High||10.70%||Rs. 173|
|Union Focused Fund||Equity||Moderately High||19.60%||Rs. 183|
|Union Focussed Largecap Fund||Equity||Moderately High||13.50%||Rs. 191|
|Union Corporate Bond Fund||Debt||Moderate||10.90%||Rs. 332|
Union BAMC provides some of the top investment plans in the country. The best ones of these are mentioned below
Union Equity Fund is the best one among all the plans available. Union Dynamic Bond Fund, Union Tax Saver Scheme, Union Tax Saver Scheme, Union Liquid Fund, Union Small Cap Fund, and also Union Balanced Advantage Fund, are the other best plans.
Also, Union Focused Fund, Union Equity Savings Fund, Union Focussed Large cap Fund and Union Corporate Bond Fund are other good plans that can be considered.
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Top 10 Union AMC Funds
|Fund||1-Year Return (%)||3-Year Return (%)||5-Year Return (%)|
|Union Arbitrage Fund – Growth – Direct Plan||0.12||0.7||4.32|
|Union Balanced Advantage Fund – Growth – Direct Plan||2.89||14.07||19.82|
|Union Corporate Bond Fund – Growth – Direct Plan||0.23||2.63||10.53|
|Union Dynamic Bond Fund – Growth – Direct Plan||0.21||2.39||10.66|
|Union Equity Savings Fund – Growth – Direct Plan||1.77||7.84||9.6|
|Union Focused Fund – Growth – Direct Plan||4.74||19.91||16.95|
|Union Large & Midcap Fund – Growth – Direct Plan||4.84||18.44||20.2|
|Union Largecap Fund – Growth – Direct Plan||5.12||21.72||11.19|
|Union Liquid Fund – Growth – Direct Plan||0.23||0.77||4.35|
|Union Long Term Equity Fund – Growth – Direct Plan||5.96||20.35||17.97|
Details on Top 10 Union Mutual Fund
Union Arbitrage Fund – Growth – Direct Plan is a hybrid mutual fund scheme that was introduced by the union mutual fund.
Presently, this fund has an asset under management of over Rs 68 crore. It has a low-risk rate and the minimum SIP investment goes down to 2000.
Union Balanced Advantage Fund – Growth – Direct Plan presently has over Rs 605 crores of asset under management.
They have a comparatively high risk. Besides, their age is also less than 3 years.
Union Corporate Bond Fund – Growth – Direct Plan has a minimum of Rs 5000 for a lump sum. It also has an asset under management of about Rs 333 crore.
Union Dynamic Bond Fund – Growth – Direct Plan presently has an AUM of over Rs 135 crores. They have been rated as having a moderate risk.
Union Equity Savings Fund – Growth – Direct Plan has an asset under management of over Rs 171 crores. They are also rated as having a moderate risk.
Their minimum lump sum investment is set at 5000.
More Details on Top Union AMC Funds
Union Focused Fund – Growth – Direct Plan has an AUM of Rs 183 Crores. They have been rated as moderately high risk.
Union Large & Midcap Fund – Growth – Direct Plan presently is well-equipped with an AUM of over Rs 199 crore. They are also rated as being moderately high risk.
Union Largecap Fund – Growth – Direct Plan has moderate risk. It is best suited if you want to invest for 5 years or more. But you need to be prepared for any ups and downs in your investment value.
Union Liquid Fund – Growth – Direct Plan has an AUM of over Rs 751 crores. Also, they have been rated as being moderately low risk.
Union Long Term Equity Fund-Growth – Direct Plan has an AUM OF 318.25 crore. In this fund, the returns are also absolute up to 1 year.
Best Union Mutual Fund – Portfolio
Union Arbitrage Fund – Growth – Direct Plan focuses on generating capital appreciation and income by investing in arbitrage opportunities.
Further, they invest the balance in debt and also money market instruments.
The main focus of Union Balanced Advantage Fund – Growth – Direct Plan lies on long-term capital appreciation. They do it through equity portfolios by the use of long equities and derivatives.
Union Corporate Bond Fund – Growth – Direct Plan is used to achieve long term capital appreciation by a substantial investment in a portfolio of corporate debt securities.
The prime objective of Union Dynamic Bond Fund – Growth – Direct Plan is to manage a portfolio of good quality debt and money market instruments.
This would then provide reasonable returns as well as liquidity to the investors.
Union Equity Savings Fund – Growth – Direct Plan focuses on seeking capital appreciation and generating consistent returns. To attain this, they also invest in diversified equity related instruments.
Union Focused Fund – Growth – Direct Plan aims to seek capital appreciation. Also, they do so by investing in a portfolio of equity across market caps
Union Large & Midcap Fund – Growth – Direct Plan primarily invests in large-cap and mid-cap companies.
The main objective of Union Largecap Fund – Growth – Direct Plan is to seek capital appreciation by also investing in large-cap companies.
Union Liquid Fund – Growth – Direct Plan’s primary goal is to provide reasonable returns with lower risks.
Union Long Term Equity Fund-Growth – Direct Plan focus on generating long-term capital appreciation. So, they invest in equity-related securities.
Union Mutual Fund Schemes NAV
|Fund||52 Week High (Rs.)||52 Week Low (Rs.)|
|Union Arbitrage Fund – Growth – Direct Plan||11.09||10.56|
|Union Balanced Advantage Fund – Growth – Direct Plan||13.88||8.78|
|Union Corporate Bond Fund – Growth – Direct Plan||12.14||10.82|
|Union Dynamic Bond Fund – Growth – Direct Plan||19.78||17.8|
|Union Equity Savings Fund – Growth – Direct Plan||12.32||9.59|
|Union Focused Fund – Growth – Direct Plan||13.54||7.74|
|Union Large & Midcap Fund – Growth – Direct Plan||12.4||6.86|
|Union Largecap Fund – Growth – Direct Plan||13.19||7.48|
|Union Liquid Fund – Growth – Direct Plan||1964.95||1881.77|
|Union Long Term Equity Fund – Growth – Direct Plan||32.12||17.9|
Union Arbitrage Fund – Growth – Direct Plan has a nav of Rs 11.1107 presently.
The Union Balanced Advantage Fund – Growth – Direct Plan current NAV is Rs 14.13.
Union Corporate Bond Fund – Growth – Direct Plan NAV currently is Rs 12.1001.
Union Dynamic Bond Fund – Growth – Direct Plan NAV is Rs 19.7483.
The NAV of Union Equity Savings Fund – Growth – Direct Plan is Rs 12.49.
The NAV of Union Focused Fund – Growth – Direct Plan is Rs 14.2.
Union Large & Midcap Fund – Growth – Direct Plan NAV is Rs 12.71.
Union Large-cap Fund – Growth – Direct Plan NAV is Rs 13.68.
Then, Union Liquid Fund – Growth – Direct Plan NAV is Rs 1968.8799.
Union Long Term Equity Fund-Growth – Direct Plan current NAV is Rs 33.17.
Union AMC Customer Care Details
|Address of AMC||Unit 503, 5 Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059|
|Telephone Number||022-6748 3300|
|Fax Number||022- 6748 3400/3401/3402|
The customer care details for Union AMC are provided below.
Address : Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East)400059
Phone : 022-67483300 / 1800-200-2268
Email – email@example.com
Union AMC – Important links
|Sundaram Mutual Fund Login||http://www.unionmf.com/TransactOnline.aspx|
|Sundaram Mutual Fund App||NA|
Union Mutual Fund AMC – Conclusion
The Union AMC is the investment branch of the Union Bank of India. The institution was brought to the market in 2009 along with KBC.
The team dissolved the partnership later and now the company is under the sponsorship by Dai Chi life along with Union Bank of India.
Also, this AMC is one of the top investment providers of the country and has served many clients over these years.
The organization has a history of a very trusted financial professional and has also developed a large customer base.
A number of these have profited the investors more than any other investment options available.
In conclusion, this article has detailed these plans along with the steps on investing with the AMC. Guidance on checking KYC has also been provided.
Besides, the reasons why Union AMC outstands the other options available are briefed along with the key personnel and managers of the company.
The contact details and the documents to be submitted are also mentioned.
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