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Union Mutual Fund

For over a decade, the Union Mutual Fund has been the Union Bank of India’s investment wing. It has been striving to make its mark and has successfully boosted the economy through investment ventures and achieved sustainable investment in capital markets.

 

The Union Mutual Fund was set up on December 30 and had access to the client base of the bank and worked on it. The AMC was known as Union KBC Mutual Fund. Because it was set up in collaboration with the KBC Asset Management NV, set in Belgium. KBC had a stake of 49%, but Union Bank always had a majority stake.

 

In the year 2016, when the Bank held the entire share, KBC pulled out shortly thereafter. Eventually, in 2017, Dai-ichi Life, a company from Japan, acquired an almost 39.62% stake in the AMC. Though it did not change the structure of the AMC yet, Dai-ichi appointed a nominee to the Board of Directors.

 

Regarding the bank, Union Bank of India will complete a hundred years of existence in the year 2019. It was inaugurated by Mahatma Gandhi in 1919. In the regime of Indira Gandhi, it was nationalized and since then grew in leaps and bounds. Presently, the bank has 240 branches all over India.

List of Union Mutual Fund in India

Fund Category Risk 1Y Returns Ratings Fund size ( in Cr)
Allocation Moderately High risk 13.01939
SIP Investment Strategies 4
₹1655.1422
Allocation Moderately High risk 13.01939
SIP Investment Strategies 4
₹1655.1422
Fixed Income Moderate Risk 6.36529
SIP Investment Strategies 3
₹94.886
Equity Very High Risk 24.10256
SIP Investment Strategies 3
₹663.3706
Equity Very High Risk 24.10738
SIP Investment Strategies 3
₹663.3706
Equity Very High Risk 25.27194
SIP Investment Strategies 3
₹2106.0235
Equity Very High Risk 22.49615
SIP Investment Strategies 3
₹722.6314
Equity Very High Risk 24.10256
SIP Investment Strategies 3
₹663.3706
Equity Very High Risk 18.82567
SIP Investment Strategies 3
₹347.7739
Equity Very High Risk 23.66412
SIP Investment Strategies 3
₹163.3503
Fixed Income Moderate Risk 6.36905
SIP Investment Strategies 2
₹94.886
Allocation Moderately High risk 10.57543
SIP Investment Strategies 2
₹129.4763
Allocation Moderately High risk 10.57543
SIP Investment Strategies 2
₹129.4763
Allocation Moderately High risk 10.57543
SIP Investment Strategies 2
₹129.4763
Equity Very High Risk 21.25668
SIP Investment Strategies 2
₹250.5013
Fixed Income Moderate Risk 5.79027
SIP Investment Strategies 2
₹438.0517
Fixed Income Moderate Risk 5.79027
SIP Investment Strategies 2
₹438.0517
Fixed Income Moderate Risk 5.79027
SIP Investment Strategies 2
₹438.0517
Fixed Income Moderate Risk 6.36905
SIP Investment Strategies 2
₹94.886
Equity Very High Risk 21.25668
SIP Investment Strategies 2
₹250.5013
Equity Very High Risk 21.25668
SIP Investment Strategies 2
₹250.5013
Allocation Very High Risk -
SIP Investment Strategies 0
₹81.3353
Equity Very High Risk 23.60604
SIP Investment Strategies 0
₹1534.0701
Equity Very High Risk 23.56038
SIP Investment Strategies 0
₹1534.0701
Fixed Income Moderate Risk 6.20572
SIP Investment Strategies 0
₹243.7092
Equity Very High Risk -
SIP Investment Strategies 0
₹527.2653
Fixed Income Moderate Risk 6.20572
SIP Investment Strategies 0
₹243.7092
Fixed Income Moderate Risk -
SIP Investment Strategies 0
₹136.9718
Fixed Income Moderate Risk -
SIP Investment Strategies 0
₹136.9718
Fixed Income Moderate Risk -
SIP Investment Strategies 0
₹136.9718
Fixed Income Moderate Risk -
SIP Investment Strategies 0
₹136.9718
Money Market Moderate Risk 6.534
SIP Investment Strategies 0
₹2107.5826
Money Market Moderate Risk 6.24662
SIP Investment Strategies 0
₹2107.5826
Money Market Moderate Risk 6.00935
SIP Investment Strategies 0
₹2107.5826
Money Market Moderate Risk 6.46664
SIP Investment Strategies 0
₹2107.5826
Money Market Moderate Risk 6.53305
SIP Investment Strategies 0
₹2107.5826
Alternative Low Risk 5.96179
SIP Investment Strategies 0
₹91.8174
Alternative Low Risk 5.96179
SIP Investment Strategies 0
₹91.8174
Alternative Low Risk 5.96139
SIP Investment Strategies 0
₹91.8174
Money Market Low Risk -
SIP Investment Strategies 0
₹157.6318
Money Market Low Risk 6.04595
SIP Investment Strategies 0
₹157.6318
Money Market Low Risk 6.07417
SIP Investment Strategies 0
₹157.6318
Money Market Low Risk -
SIP Investment Strategies 0
₹157.6318
Money Market Low Risk 4.46133
SIP Investment Strategies 0
₹157.6318
Equity Very High Risk 23.60604
SIP Investment Strategies 0
₹1534.0701
Fixed Income Low to Moderate Risk 0.26051
SIP Investment Strategies 0
₹169.0214
Fixed Income Low to Moderate Risk -
SIP Investment Strategies 0
₹169.0214
Fixed Income Low to Moderate Risk 5.70316
SIP Investment Strategies 0
₹169.0214
Fixed Income Low to Moderate Risk -
SIP Investment Strategies 0
₹169.0214
Fixed Income Low to Moderate Risk 5.79523
SIP Investment Strategies 0
₹169.0214
Money Market Moderate Risk 6.534
SIP Investment Strategies 0
₹2107.5826
Money Market Moderate Risk 6.24662
SIP Investment Strategies 0
₹2107.5826
Allocation Very High Risk 17.83877
SIP Investment Strategies 0
₹548.857

Key Information

Sponsor

Union Bank of India

Trustee

Union Mutual Fund Trustee Pvt. Ltd.

Investment Manager

Union Asset Management Company Pvt. Ltd.

Incorporation Date

January 19, 2010

Setup Date

February 12, 2010

How to invest in Union Mutual Funds with EduFund?

 

  1. Download the EduFund App and set up a FREE investment account.
  2. After setting up the App, click on Invest on your Dashboard.
  3. By clicking, you can start exploring the top mutual funds on the App.
  4. Get the trending mutual funds, risk-wise buckets, and class-wise buckets for your kid’s future, or search for any fund.
  5. Choose any fund, press Add to Cart, and place a SIP or Lumpsum order for your child’s education goals.
  6. That’s how easy it is to invest in mutual funds with EduFund!
Top Fund Managers

Mr. Vinay Paharia

Chief Investment Officer

Mr. Puneet Bhatnagar

Senior Fund Manager - Equity

Mr. Parijat Agrawal

Senior Fund Manager - Fixed Income

Get answers to your questions

Read some of the frequently-asked questions here

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