Incorporated in the year 2009, Union Mutual Fund is managed by Union Asset Management Company Pvt. Ltd. It is a joint venture between Union Bank of India, one of the leading public sector banks of India and Dai-ichi Life Holdings, Inc., a stock company with limited liability incorporated under the laws of Japan in 1902. Union AMC Pvt. Ltd is formed under Union Trustee Company Pvt. Ltd.
Union Bank of India is a limited company which was established in 1919. It has a network of over 4298 domestic branches, 4 foreign branches, 3 representative branches and over 30 million customers. Dai-ichi Life is a financial services holding company which is engaged in insurance and non-insurance businesses.
Union Mutual Fund has a core business of mutual funds which include diversified and close-ended funds, funds of funds, exchange-traded funds, hybrid and monthly income funds, debt and treasury schemes. Union AMC is a late entrant in the market, but has a team of highly qualified research analysts and fund managers who provide research-based investment solutions.
The company has a network of 18 branches in 18 cities across the country. The AMC has appointed Computer Age Management Services (CAMS) as its registrar and acts as a Transfer Agent to the schemes. In such case, 225+ CAMS, registrar and transfer agents are in the official point to accept all online/electronic transactions. Currently, it is offering 12 open-ended and 2 close-ended funds with 76 fund options, which includes direct growth plans, direct dividend plans, regular growth plans, regular dividend plans, etc.
If we talk about the customer assistance, then Union Mutual Fund provides online FAQs for the regular general issues of the customers. It has a toll free number to call, e-mail support and branch offices, which regularly provide assistance to investors in regular office hours.
Union MF Telephone Number: 022 67483333
Union MF Toll-Free Number: 1800 200 2268
Union MF Email Address: [email protected]
Union MF Fax No.: 022 67483402
You can also fill the feedback form of Union MF related to any issue here.
The objective of Union Mutual Fund is to be a bridge of opportunity for the investors who want to achieve sustainable prosperity through responsible investing in the capital market. The company tries to recognize the right product at the right time for the right client. The company believes in the long-term capital appreciation by way of the systematic investment method.
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|Year||Quarter||FundValue (Rs Lakhs)||Difference from previous quater|
|2020||Q4 (Jan-Mar)||524041.43||122184.43 (30.4 %)|
|2020||Q2 (Jul-Sep)||401856.76||39507.76 (10.9 %)|
|2020||Q1 (Apr-Jun)||362349.48||-45199.52 (-11.09 %)|
|2019||Q4 (Jan-Mar)||407548.64||-20905.36 (-4.88 %)|
|2019||Q3 (Oct-Dec)||428454.46||19520.46 (4.77 %)|
|2019||Q2 (Jul-Sep)||408934.1||-21768.9 (-5.05 %)|
|2019||Q1 (Apr-Jun)||430703||4793 (1.13 %)|
|2018||Q4 (Jan-Mar)||425910.06||5106.06 (1.21 %)|
|2018||Q3 (Oct-Dec)||420803.94||-70226.06 (-14.3 %)|
|2018||Q2 (Jul-Sep)||491030.02||47741.02 (10.77 %)|
|2018||Q1 (Apr-Jun)||443289.03||12784.03 (2.97 %)|
|2017||Q4 (Jan-Mar)||430504.54||36716.54 (9.32 %)|
|2017||Q3 (Oct-Dec)||393788.48||12700.48 (3.33 %)|
|2017||Q2 (Jul-Sep)||381088.22||4383.22 (1.16 %)|
|2017||Q1 (Apr-Jun)||376704.93||35081.93 (10.27 %)|
|2016||Q4 (Jan-Mar)||341622.95||36053.95 (11.8 %)|
|2016||Q3 (Oct-Dec)||305569.21||-33080.79 (-9.77 %)|
|2016||Q2 (Jul-Sep)||338650.32||26287.32 (8.42 %)|
|2016||Q1 (Apr-Jun)||312363.24||22135.24 (7.63 %)|
|2015||Q4 (Jan-Mar)||290228.21||17015.21 (6.23 %)|
|2015||Q3 (Oct-Dec)||273213.25||5990.25 (2.24 %)|
|2015||Q2 (Jul-Sep)||267222.79||-325.21 (-0.12 %)|
|2015||Q1 (Apr-Jun)||267547.75||-5099.25 (-1.87 %)|
|2014||Q4 (Jan-Mar)||272647.44||-14602.56 (-5.08 %)|
|2014||Q3 (Oct-Dec)||287250.26||-31913.74 (-10 %)|
|2014||Q2 (Jul-Sep)||319163.9||-33980.1 (-9.62 %)|
|2014||Q1 (Apr-Jun)||353143.69||68478.69 (24.06 %)|
|2013||Q4 (Jan-Mar)||284665.27||58020.27 (25.6 %)|
|2013||Q3 (Oct-Dec)||226645.45||28648.45 (14.47 %)|
|2013||Q2 (Jul-Sep)||197996.55||-49710.45 (-20.07 %)|
|2013||Q1 (Apr-Jun)||247706.65||247706.65 ( %)|
AUM stands for assets under management or funds under management and is a measure how much money an asset management company (AMC) manages on behalf of clients. Value of AUM is calculated as sum of total holdings * most recent market price for each holding. Union Mutual Fund has been ranked number 28 in terms of AUM in Indian Mutual Fund market.
The funds which invest most of their capital in the equity and equity-related securities across the market cap are known as equity mutual funds. These funds are suitable for the investors who have a moderately high to high-risk appetite as well as an investment horizon of at least 5-7 years and seeking long-term capital appreciation. These funds are further divided into multiple categories which include large-cap funds, mid-cap funds, small-cap funds, multi-cap funds, ELSS funds, value and growth funds etc. These funds offer two options, Direct Funds- Growth Plans and Direct Funds- Dividend Plans. The equity schemes offered by Union Mutual Fund are:
The fund invests most of its corpus in the equities across the market cap to seek long-term capital appreciation. It is suitable for the investors who have a moderately high-risk appetite and investment horizon of at least 5 years.
It is an open-ended equity fund which has a statutory lock-in period of 3 years. It is an ELSS category fund, which offers tax benefits to investors under Section 80C of the Income Tax Act, 1961, for up to Rs 1.50 Lakh per annum. Investors who want to save tax as well as have at least 5 years of investment horizon should invest in this scheme.
It is a small cap fund which invests approximately 65% of its total corpus in the small-cap companies which are listed at 251st to 500th position on the stock market. It is a high-risk fund and investors with at least 10 years of investment horizon should invest in Union Small Cap Scheme.
It is a large-cap category fund which invests most of its corpus in the top companies listed in the market. The scheme is suitable for investors with moderately high-risk appetite and at least 5 years of the investment horizon.
The fund strategically invests in the equity and equity-related securities of the companies which are listed below their intrinsic value. It is a high-risk fund and investors with at least 7 years of investment horizon should invest in it.
Those funds which invest in the fixed income and money market instruments to provide capital appreciation and regular income to the investors are known as debt funds. These schemes are further divided into multiple categories which include gilt funds, income funds, short term debt funds, credit opportunities funds, liquid funds, monthly income funds, etc. These schemes do not invest in the volatile stock market and have more predictable returns, and hence they are considered low risk in nature. They have a fixed per cent of interest rate which will be paid to the investors on the maturing of fixed income instruments. So, the investors with 3-5 years of investment horizon and low to moderately high-risk appetite can invest in it. Debt schemes offered by Union Mutual Fund are:
The scheme seeks to generate regular income by actively managing the portfolio of good quality debt as well as money market instruments. Investors who are looking for reasonable returns with moderate risk appetite and have at least 3-5 years of the investment horizon should invest in it.
It is a highly liquid fund which seeks to generate returns for a short period who invest in the fund for a day or more. The fund invests most of its corpus in highly rated debt and money market instruments which have a maturity period of 91 days.
The funds which invest in the debt instruments with long maturity period are called corporate bond funds. Union Corporate Bond Fund seeks to generate long-term capital appreciation by investing substantially in a portfolio of corporate debt securities which is suitable for investors with 1-4 years of investment horizon.
The fund invests most of its corpus in the debt and money market instruments which have an overnight maturity. So, the investors with low-risk appetite and the idle money can invest in it for overnight or more.
The funds which invest their corpus in both equity and debt instruments to achieve maximum diversification and capital appreciation. These funds are further divided into two parts, viz., equity-oriented hybrid funds and debt oriented hybrid funds. The equity-oriented funds invest 60-80% of their total assets in equities and the rest in debt instruments, while the debt-oriented funds invest their 60-80% of the total corpus in debt and money market instruments and remaining in the equities. So, those who are risk-averse investors and have a moderate risk appetite can invest their capital in the following Union MF schemes:
It is an open-ended fund which invests in a diversified manner in equities, arbitrage and derivative strategies and exposure in debt and money market instruments. Investors with a moderate risk appetite can invest in the scheme for at least 3 years.
It is an open-ended fund which invests in an equity portfolio by using long equities, equity derivatives and arbitrage opportunities to achieve long-term capital appreciation. The investors with moderate risk appetite and 3-5 years of investment horizon should park their capital in it.
It is an open-ended fund, which predominantly invests in the arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. Investors with a moderately low-risk appetite should invest in the fund for 1-3 years.
The schemes which invest in the hybrid manner with a mix of equity and debt instruments, where the major investment is towards debt, particularly zero coupon debt, and only a small fraction of the portfolio is parked in equity are known as capital protection funds. These are the close-ended funds which usually mature after 1, 3 or 5 years. The investors who have investment tenure of 1, 3 or 5 years and moderately high-risk appetite should invest in it. The funds offered by Union AMC under this category are:
These are conservative hybrid funds which seek capital protection by investing in the fixed income securities which mature on or before the tenure of the scheme. These funds also invest in the equity and equity-related securities for seeking capital appreciation.
Mutual fund fact sheets are such documents which every fund house has to share with AMFI as well as on the website so that current and potential investors can decide if they want to continue with the fund or not. These documents include essential details of the funds such as the NAV, asset under management, fund manager, fund size, volatility measures, expense ratio, turnover ratio, industry exposure, dividend allocation and many other details associated with the funds. Union MF is also sharing its fact sheets since June 2011. You can download fact sheets of Union MF here.
In this section we have just divide the Union Mutual Fund scheme by category, you can click on category link to explore more about each scheme. Complete details of each scheme, latest NAV, performance are available on relevant pages.
|AMC||Category||Number of Funds|
|Union Mutual Fund||Income||2|
|Union Mutual Fund||Hybrid Scheme - Equity Savings||2|
|Union Mutual Fund||Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage||2|
|Union Mutual Fund||Hybrid Scheme - Arbitrage Fund||2|
|Union Mutual Fund||Hybrid Scheme - Aggressive Hybrid Fund||1|
|Union Mutual Fund||Equity Scheme - Value Fund||2|
|Union Mutual Fund||Equity Scheme - Small Cap Fund||2|
|Union Mutual Fund||Equity Scheme - Multi Cap Fund||1|
|Union Mutual Fund||Equity Scheme - Mid Cap Fund||2|
|Union Mutual Fund||Equity Scheme - Large Cap Fund||2|
|Union Mutual Fund||Equity Scheme - Large & Mid Cap Fund||2|
|Union Mutual Fund||Equity Scheme - Focussed Fund||1|
|Union Mutual Fund||Equity Scheme - Focused Fund||1|
|Union Mutual Fund||Equity Scheme - Flexi Cap Fund||1|
|Union Mutual Fund||Equity Scheme - ELSS||2|
|Union Mutual Fund||Debt Scheme - Overnight Fund||2|
|Union Mutual Fund||Debt Scheme - Medium Duration Fund||1|
|Union Mutual Fund||Debt Scheme - Liquid Fund||2|
|Union Mutual Fund||Debt Scheme - Dynamic Bond||2|
|Union Mutual Fund||Debt Scheme - Corporate Bond Fund||2|
You can invest in the schemes of Union AMC online through its website directly 24*7. All you need to do is submit your KYC and need your PAN card. You can release your money through a debit card with ATM PIN, net banking, NEFT, RTGS, the Interbank Mobile Payment Service (IMPS), and One Time Bank Mandate. The investment and tracking through this is also very easy. For investing in any scheme of Union Mutual Fund login here. But for making the investment, you need to submit the KYC form at the nearby CAMS centre or the fund house branch which you can locate at its branch locator.
The company does not have its own mobile app, so investors who want to park capital in its schemes have to invest with the website or in offline mode. You can also invest through the distributors’ apps.
Union MF offers physical form for every fund on its website so that one can also invest in an offline mode. You can download the form here.
You can locate the branch of Union Mutual Fund through its branch locator. Locate Union MF branch here.
Investors can also buy the schemes of Edelweiss Mutual Fund at BSE StAR platform.
|Year||Folio Count||Folio Count difference from last year||Complaint Count||Complaint %|
|2018-2019||237658||34797 (17.15 %)||133||0.06%|
|2017-2018||202861||70450 (53.21 %)||92||0.05%|
|2016-2017||132411||19621 (17.4 %)||41||0.03%|
|2015-2016||112790||15425 (15.84 %)||111||0.1%|
|2014-2015||97365||12965 (15.36 %)||97||0.1%|
|2013-2014||84400||15067 (21.73 %)||156||0.18%|
|2012-2013||69333||28479 (69.71 %)||148||0.21%|
|2011-2012||40854||40854 ( %)||71||0.17%|
Union Mutual Fund - Active Customer/Folio Count and Complaints table give you company performance in term of growth and customer satisfaction in term of complaints count and complaints % with respective of total folio.
Union Mutual Fund is a part of the well-known banking business and has a vast knowledge of Indian financial market which will help investors in capital appreciation. The company is providing multiple solutions which are highly processed-driven and suits the requirements of different risk appetite investors. Although, its funds are not performing very well in the diverse market conditions and did not make among the top performing mutual funds.
The fund house is also not providing its mobile app which is a major drawback and investors who want to invest online have to use the website only. However, it is providing multiple forms for investors who want to start investments in the offline mode. So, we feel there are many areas where the fund house can improve its services to make it the top mutual fund company of India.
If you like what you have read and want to choose Union Mutual Fund or any other AMC, leave your contact information with us and we will guide you.