Union Retirement Fund NFO opens today; Key things to know before subscribing
2 years, 4 months ago

Union Retirement Fund NFO opens today; Key things to know before subscribing

Live Mint  

Union Asset Management Company has announced the launch of a new fund offer on September 1 namely Union Retirement Fund. The scheme comes with a compulsory lock-in of 5 years or retirement age whichever is earlier and offers only an equity investment plan. The main objective of the scheme is to generate long termlong-term capital gains by investing in a mix of securities comprising equity, equity-related securities and debt instruments as per the asset allocation pattern of the scheme with a view to provide a retirement investment solution to investors. Top five retirement funds that demonstrated the best performance in the past three years Name of the schemes 3 year trailing returns HDFC Retirement Savings Fund-Equity Plan 23.8 ICICI Pru Retirement Fund-Pure Equity Plan 20.57 Tata Retirement Sav Fund - Prog Plan 15.19 Nippon India Retirement Fund-Wealth Creation 13.46 Franklin India Pension Plan 8.46 The allotment date of scheme will be September 22 and will re-open for ongoing sale and repurchase on September 29.

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Union AMC launches Union Hybrid Equity Fund
4 years, 1 month ago

Union AMC launches Union Hybrid Equity Fund

Live Mint  

Union AMC has launched Union Hybrid Equity Fund. Different asset classes do not generally move in tandem and hence taking exposure to Union Hybrid Equity Fund which inherently offers a combination of equity and debt can be a good choice for investors looking for a balanced approach to asset allocation. All investment decisions in this scheme portfolio will be guided …

Your NFO investment checklist
4 years, 4 months ago

Your NFO investment checklist

Live Mint  

Investors seeking to park their funds in market-backed securities are always on the lookout for new and interesting investment avenues. Hence, fund houses and asset management companies are working round the clock to create an innovative mix of investment products to bring more value to an investor’s portfolio. A NFO or ‘New Fund Offer’, is essentially a new mutual fund …

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