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, AUM, Expense 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.