Union Mutual Fund

Union Mutual Fund

Over the past decade, Union Asset Management Co. Pvt. Ltd. established in 2009, has evolved itself as a prominent participant in India's asset management industry, operating as an investment arm of the Union Bank of India.

It was established with a mission to help investors create wealth over the long term, enhance their living standards and help them to achieve financial independence. The total Union Mutual Fund AUM (asset under management) stood at Rs. 13,602 crores as of December 2023. 

Moreover, About 25 mutual fund schemes are available from Union Mutual Fund, including 11 equity schemes, 8 debt schemes, 4 hybrid schemes, and 2 Solution Oriented schemes.

List of Union Asset Management Co. Pvt. Ltd. Fund Managers

Name
Experience
Schemes
AUM (Cr)
Sanjay Bembalkar
16 Years
48
₹17826 Cr
Anindya Sarkar
17 Years
15
₹693 Cr
Vishal Thakker
12 Years
4
₹204 Cr
Hardick Bora
12 Years
53
---
Devesh Thacker
18 Years
32
---
Parijat Agrawal
22 Years
46
---
Tarun Singh
25 Years
9
---

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Key information about Union Mutual Fund

Address

Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059

Phone Number

(022) 6748 3300

Branch Office Details

A Wing, Ground Floor, 27 Statesman House, 148 Barakhamba Road, New Delhi – 110001

Call: 18002002268 / 18005722268
Email: investorcare@unionmf.com

Factors to consider before investing in Union Mutual Fund

  • Fund Performance

    Before you invest, check how well Union Mutual Fund has been doing in the last 3-5 years. Compare its performance to a benchmark and similar funds in the category. Check other funds in the same category too. Benchmark points set the standard for measuring the performance of funds and its asset allocation.

  • Expense Ratio

    The expense ratio indicates the operational costs associated with a mutual fund scheme. It is expressed as a percentage of the total investment value. Investors generally prefer mutual fund schemes with lower expense ratios. It mostly covers various AMC expenses like fund manager salaries, research analyst salaries or any other scheme maintenance-related expenditures. 

  • Assets Under Management (AUM)

    It is also important to check the Asset under management of a scheme before making any significant investments. Scheme AUM is the total asset value which is being managed by a particular mutual fund scheme. A greater AUM signifies a larger pool of funds collected from the investors.

    Moreover, the Union Mutual Fund SIP calculator enables you to get an estimated return based on the past performance of the scheme.

  • Exit load

    Exit load is a charge imposed by mutual fund companies when investors withdraw money from a scheme, either partially or entirely, within a specific time after making their investment. Make sure to opt for a low charge or zero exit load scheme to get maximum return during the withdrawal of the money.

  • Investment goals

    When picking a Union Mutual Fund, check if it fits your investment goals and how long you plan to invest. Different funds have different purposes— some are good for short-term, and others are better for retirement savings. So, figure out your money goals first, and then find the Union Mutual Fund that matches what you are aiming for.

    INDmoney is one of the biggest all-in-one super apps. A super application can help us in planning, investing and growing your net worth. It can give you an opportunity to recall Indian stocks, US stocks, mutual funds, fixed deposits, NPS etc.

How to Start Investing with Union Mutual Fund with INDmoney?

After you have understood the details about Union Mutual Fund, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.

  • Step 1:

    Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).

  • Step 2:

    Once your Free investment account is ready, you can either search for Union Mutual Fund or go to the mutual fund section.

  • Step 3:

    Choose any Union Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUMExpense ratios and underlying stocks and sectors.

  • Step 4:

    You can choose to set up SIP in any Union Mutual Fund or even invest as a lump sum. Once you are on the individual Union Mutual Fund page click from the bottom "One-time" for lump sum investment or "SIP" for a systematic investment plan. 

  • Step 5:

    Choose the amount that you want to invest as SIP or LumpSum. 

  • Step 6:

    Set up payments. If you choose to set up SIP in any Union Mutual Fund, you can do a free automatic pay set-up via bank mandate or UPI. If you choose to invest in a lump sum (one-time) then you can pay via UPI, net banking, NEFT or RTGS. 

Frequently asked questions

You can start investing in Union Mutual Fund SIP online through INDmoney by simply signing up from an app or website. Once you have completed your KYC you can select a mutual fund scheme and start investing in SIP.

There are two sponsors of Union Mutual Fund which are Union Bank of India and Dai-ichi Life Holdings, Inc.

Similar to investing you can withdraw your Union mutual fund online from the INDmoney application or website. Simply you will have to visit your investment dashboard and select the mutual fund you want to redeem. However, you can also withdraw offline by physically visiting your nearest Union Mutual Fund branch office and submitting your redemption request.

You have the option to halt or stop your SIP online at any point in time by submitting a Cancel SIP request. This can be done either by logging into the INDmoney app or the Union Mutual Funds website using your folio number.

There are several parameters to determine whether a scheme is perfect for you or not. Some of these can be your investment objective, your investment time horizon, risk appetite, fund performance, expense ratio etc. Select the one which aligns with all your requirements to make an informed decision.

You can simply figure out the amount of SIP, for that you will have to visit the INDmoney SIP calculator page. Then select the option called "I know my goal amount" and some of the basic details like your goal amount, period, and expected rate of return. Now the calculator will instantly show you the amount of SIP you will require to achieve the goal amount.

You can start a Union Mutual Fund SIP with an amount as low as Rs. 500. 

Please note that not all Union Mutual Funds can provide tax benefits, you can avail tax benefits only for the ELSS scheme offered by Union Mutual Fund under section 80C of the Income Act.

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