Union Mutual Fund launches Union Corporate Bond Fund

by News Team | Mutual Fund

NFO period: 04th May – 18th May, 2018

Highlights of the NFO:

  • Scheme type – An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds

  • Investment objective – To achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities. However, there is no assurance that the Investment Objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking regular income over Medium to long term income by investing in fixed income securities of varying maturities and credit.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option & Dividend Option.

  • Fund Manager – Mr. Parijat Agrawal

  • Benchmark – CRISIL Short Term Bond Fund Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)