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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.
Fund | Category | Risk | 1Y Returns | Ratings | Fund size ( in Cr) |
---|---|---|---|---|---|
Allocation | Moderately High risk | 13.01939 |
4
|
₹1655.1422 | |
Allocation | Moderately High risk | 13.01939 |
4
|
₹1655.1422 | |
Fixed Income | Moderate Risk | 6.36529 |
3
|
₹94.886 | |
Equity | Very High Risk | 24.10256 |
3
|
₹663.3706 | |
Equity | Very High Risk | 24.10738 |
3
|
₹663.3706 | |
Equity | Very High Risk | 25.27194 |
3
|
₹2106.0235 | |
Equity | Very High Risk | 22.49615 |
3
|
₹722.6314 | |
Equity | Very High Risk | 24.10256 |
3
|
₹663.3706 | |
Equity | Very High Risk | 18.82567 |
3
|
₹347.7739 | |
Equity | Very High Risk | 23.66412 |
3
|
₹163.3503 | |
Fixed Income | Moderate Risk | 6.36905 |
2
|
₹94.886 | |
Allocation | Moderately High risk | 10.57543 |
2
|
₹129.4763 | |
Allocation | Moderately High risk | 10.57543 |
2
|
₹129.4763 | |
Allocation | Moderately High risk | 10.57543 |
2
|
₹129.4763 | |
Equity | Very High Risk | 21.25668 |
2
|
₹250.5013 | |
Fixed Income | Moderate Risk | 5.79027 |
2
|
₹438.0517 | |
Fixed Income | Moderate Risk | 5.79027 |
2
|
₹438.0517 | |
Fixed Income | Moderate Risk | 5.79027 |
2
|
₹438.0517 | |
Fixed Income | Moderate Risk | 6.36905 |
2
|
₹94.886 | |
Equity | Very High Risk | 21.25668 |
2
|
₹250.5013 | |
Equity | Very High Risk | 21.25668 |
2
|
₹250.5013 | |
Allocation | Very High Risk | - |
0
|
₹81.3353 | |
Equity | Very High Risk | 23.60604 |
0
|
₹1534.0701 | |
Equity | Very High Risk | 23.56038 |
0
|
₹1534.0701 | |
Fixed Income | Moderate Risk | 6.20572 |
0
|
₹243.7092 | |
Equity | Very High Risk | - |
0
|
₹527.2653 | |
Fixed Income | Moderate Risk | 6.20572 |
0
|
₹243.7092 | |
Fixed Income | Moderate Risk | - |
0
|
₹136.9718 | |
Fixed Income | Moderate Risk | - |
0
|
₹136.9718 | |
Fixed Income | Moderate Risk | - |
0
|
₹136.9718 | |
Fixed Income | Moderate Risk | - |
0
|
₹136.9718 | |
Money Market | Moderate Risk | 6.534 |
0
|
₹2107.5826 | |
Money Market | Moderate Risk | 6.24662 |
0
|
₹2107.5826 | |
Money Market | Moderate Risk | 6.00935 |
0
|
₹2107.5826 | |
Money Market | Moderate Risk | 6.46664 |
0
|
₹2107.5826 | |
Money Market | Moderate Risk | 6.53305 |
0
|
₹2107.5826 | |
Alternative | Low Risk | 5.96179 |
0
|
₹91.8174 | |
Alternative | Low Risk | 5.96179 |
0
|
₹91.8174 | |
Alternative | Low Risk | 5.96139 |
0
|
₹91.8174 | |
Money Market | Low Risk | - |
0
|
₹157.6318 | |
Money Market | Low Risk | 6.04595 |
0
|
₹157.6318 | |
Money Market | Low Risk | 6.07417 |
0
|
₹157.6318 | |
Money Market | Low Risk | - |
0
|
₹157.6318 | |
Money Market | Low Risk | 4.46133 |
0
|
₹157.6318 | |
Equity | Very High Risk | 23.60604 |
0
|
₹1534.0701 | |
Fixed Income | Low to Moderate Risk | 0.26051 |
0
|
₹169.0214 | |
Fixed Income | Low to Moderate Risk | - |
0
|
₹169.0214 | |
Fixed Income | Low to Moderate Risk | 5.70316 |
0
|
₹169.0214 | |
Fixed Income | Low to Moderate Risk | - |
0
|
₹169.0214 | |
Fixed Income | Low to Moderate Risk | 5.79523 |
0
|
₹169.0214 | |
Money Market | Moderate Risk | 6.534 |
0
|
₹2107.5826 | |
Money Market | Moderate Risk | 6.24662 |
0
|
₹2107.5826 | |
Allocation | Very High Risk | 17.83877 |
0
|
₹548.857 |
Union Bank of India
Union Mutual Fund Trustee Pvt. Ltd.
Union Asset Management Company Pvt. Ltd.
January 19, 2010
February 12, 2010
Mr. Vinay Paharia
Chief Investment Officer
Mr. Puneet Bhatnagar
Senior Fund Manager - Equity
Mr. Parijat Agrawal
Senior Fund Manager - Fixed Income
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