Union Mutual Fund has approved change in the benchmark index of Union Value Discovery Fund, with immediate effect as under: Union Value Discovery Fund: Existing Benchmark: S&P BSE 200 Index Revised Benchmark: S&P BSE 500 IndexPowered by Capital Market - Live News

Union Mutual Fund, have approved the merger of Union Asset Allocation Fund with Union Balanced Advantage Fund, with effect from 20 March 2019.Powered by Capital Market - Live News

Union Mutual Fund has announced 05 February 2019 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: Union Multi Cap Fund: Dividend Option: 1.00Direct Plan - Dividend Option: 0.90Union Tax Saver Scheme: Dividend Option: 0.70Union Dynamic Bond Fund: Dividend Option: 0.80Direct Plan - Dividend Option: 0.90Union Asset Allocation Fund:Dividend Option: 0.60Direct Plan - Dividend Option: 1.40Powered by Capital Market - Live News

Union Mutual Fund has unveiled a new fund named as Union Arbitrage Fund, an open ended scheme investing in arbitrage opportunities. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 30 January and closes subscription on 13 February 2019. The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.The scheme shall offer two options i.e. growth and dividend option under both regular and direct plan. Dividend has dividend re-investment, dividend payout and dividend sweep facility. The scheme shall invest 65% - 90% of asset in equity and equity related instruments (as part of hedged / arbitrage exposure) with medium to high risk profile and invest 10% - 35% of asset in debt and money market instruments including margin money deployed for derivatives transactions with low risk profile. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.The minimum additional application amount is Rs 1000 and in multiples of Rs 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. Entry load: Nil Exit load: 0.25% if units are redeemed or switched out within 1 month from the date of allotment of units. Nil if units are redeemed or switched out after completion of 1 month from the date of allotment of unitsThe performance of the scheme will be benchmarked against Nifty 50 Arbitrage Index. The fund managers of the scheme are Vishal Thakker (equity portion) and Devesh Thacker (Debt portion).Powered by Capital Market - Live News

Union Mutual Fund has approved the merger of Union Short Term Fund with Union Liquid Fund, with effect from 18 January 2019.Powered by Capital Market - Live News