MUTUAL FUNDS
Union Mutual Fund files offer document for Low Duration Fund
May-30-2025

Union Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Union Low Duration Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load and exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment, and seeks to collect a Minimum Target Amount of Rs 20 crore

The performance of the scheme will be benchmarked against Nifty Low Duration Debt Index A-I. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide reasonable returns and liquidity by investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns such that the Macaulay Duration of the portfolio is between 6 months to 12 months.


  RELATED NEWS >>