New fund offer (NFO) from Union AMC in Debt Category

Union Mutual Fund
Scheme Name Union Medium Duration Fund
Objective of Scheme The investment objective of the Scheme is to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Scheme Type Open Ended
Scheme Category Debt Scheme – Medium Duration Fund
New Fund Launch Date 24-Aug-2020
New Fund Offer Closure Date 07-Sep-2020
Indicate Load Separately Entry Load-NIL; Exit Load-Up to 15% of the units allotted may be redeemed / switched out without any exit load. Any redemption/switch out in excess of 15% of units allotted shall be subject to the following exit load. Redemption of units would be done on First on First Out basis (FIFO): 1% if redeemed or switched out on or before 365 days from the date of allotment. Nil if redeemed or switched out after 365 days from the date of allotment.
Minimum Subscription Amount Rs.5,000/- and in multiples of Rs.1/- thereafter
For Further Details Please Visit Website www.unionmf.com

Source from: www.amfiindia.com

Mutual Funds Based on Asset Class

Debt Fund: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns.These funds do not deduct tax at source so if the earning from the investment is more than Rs.10,000 then the investor is liable to pay the tax on it himself.

Mutual Funds Based on Structure

Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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