Union Mutual Fund, the investment wing of Union Bank of India, is one of the key drivers of the asset management sector in India for over a decade. The vision of the company is to provide opportunities to investors so that they can achieve sustainable prosperity by investing responsibly in the capital markets.
The AMC was set up on December 30, 2009, with the aim to formulate a robust asset management portfolio in India. They already had access to the extensive client base of Union Bank of India, which they capitalised on extensively.
The AMC was set up in collaboration with KBC Asset Management NV, a Belgium-based AMC. It was initially known as Union KBC Mutual Fund. Union Bank always held the majority stake in the company while KBC controlled a 49% share.
The partnership ended in 2016 when KBC pulled out of the agreement and Union Bank of India purchased their shares, making Union Mutual Fund their wholly owned subsidy.
Subsequently, in 2017, Dai-ichi Life, a major financial services company from Japan, acquired 39.62% stake at the AMC. Although no changes have been made to the existing structure of the AMC, Dai-ichi would appoint one nominee to its Board of Directors.
About Sponsors
Currently, Union Mutual Fund is jointly sponsored by the Union Bank of India and Dai-ichi Life.
Union Bank of India
Union Bank of India (UBI) is one of the most significant government-owned banks in the country, which will complete a hundred years of existence in 2019. It was inaugurated by none other than Mahatma Gandhi on November 11, 1919. Even before Indian independence, UBI was a significant financial institution in the country entirely run by Indians. At the time of Independence, it had four offices.
UBI grew in leaps and bounds after Independence. It was nationalised in 1969 under the Indira Gandhi regime. At the time, they had 240 branches spread across the country.
UBI went on an acquisition spree post its nationalisation. They acquired Belgaum Bank in 1975, Miraj State Bank in 1985 and Sikkim Bank in 1999, after a request from Reserve bank of India.
They also kept expanding their operations and even went international in 2007 when they opened a branch office in Abu Dhabi. Currently, it has branches at three other international locations, Sydney, Antwerp and Hong Kong.
Dai-ichi Life
Dai-ichi Life is one of the top three insurance companies in Japan, with interests in several other financial services. The company was founded in 1902 and has emerged as one of the largest companies in Japan, with estimated total assets of over $347 billion.
They have substantial shares at several companies including the Tokyu Corporation and Union KBC Mutual Funds.
| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | 7Y Returns | 10Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Union Small Cap Fund | Equity | Very High | 67.76 | 1.1 | 24.9% | 17.7% | 18.1% | 26.8% | 17.5% | 4 | ₹2,401 | Exit load of 1%, if redeemed within 15 days. |
Union Active Momentum Fund | Equity | Very High | 10.25 | 2.6 | 19.2% | -- | -- | -- | -- | -- | ₹493 | 1% for redemption within 1 Year |
Union Midcap Fund | Equity | Very High | 57.86 | 1.1 | 12.3% | 17.7% | 16.1% | -- | -- | 3 | ₹1,892 | Exit load of 1%, if redeemed within 15 days. |
Union Multicap Fund | Equity | Very High | 18.55 | 1.41 | 13.6% | 15.7% | -- | -- | -- | 3 | ₹1,467 | Exit load of 1%, if redeemed within 15 days |
Union Liquid Fund | Debt | Low to Moderate | 2,738.54 | 0.07 | 6.5% | 7.0% | 6.4% | 5.7% | 5.8% | 4 | ₹7,564 | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. See more |
Union Flexi Cap Fund | Equity | Very High | 59.42 | 1.54 | 5.3% | 12.0% | 10.8% | 17.4% | 13.4% | 3 | ₹2,404 | Exit load of 1%, if redeemed within 15 days. |
Union Children's Fund | Equity | Very High | 13.37 | 1.48 | 5.3% | -- | -- | -- | -- | -- | ₹91 | - |
Union Money Market Fund | Debt | Low to Moderate | 1,370.03 | 0.17 | 6.9% | 7.3% | 6.5% | -- | -- | 5 | ₹1,072 | - |
Union Innovation & Opportunities Fund | Equity | Very High | 16.94 | 0.98 | 14.7% | -- | -- | -- | -- | -- | ₹1,252 | Exit load of 1%, if redeemed within 1 year. |
Union Multi Asset Allocation Fund | Hybrid | Very High | 12.57 | 1.29 | 15.0% | -- | -- | -- | -- | -- | ₹997 | Exit load of 1%, if redeemed within 15 days. |
Union Gold ETF FoF Direct-Growth | Commodities | High | 17.52 | 0.3 | 43.1% | -- | -- | -- | -- | -- | ₹156 | Exit load of 1%, if redeemed within 1 year. |
Arthaya Equity Long Short Fund | 9.91 | 0.88 | -- | -- | -- | -- | -- | -- | NA | Exit load of 1%, if redeemed within 1 Year. | ||
Union Retirement Fund | Equity | Very High | 17.56 | 1.37 | 8.5% | 14.0% | -- | -- | -- | 4 | ₹209 | - |
Union Diversified Equity All Cap Active FoF Direct-Growth | Equity | Very High | 11.04 | 0.51 | -- | -- | -- | -- | -- | -- | ₹195 | Exit load of 1%, if redeemed within 1 year. |
Union Large & Midcap Fund | Equity | Very High | 29.68 | 1.28 | 7.8% | 13.7% | 12.4% | -- | -- | 3 | ₹982 | Exit load of 1%, if redeemed within 15 days. |
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| Mutual fund name | Union Mutual Fund | |
| Asset management company name | Union Mutual Fund | |
| AMC Setup Date | 23 Mar 2011 | |
| AMC Incorporation Date | 30 Dec 2009 | |
| Sponsor name | Union Bank of India & Dai-ichi Life Holdings | Inc. |
| Trustee organisation | Union Trustee Company Pvt.Ltd. | |
| Chairman | Rajkiran Rai G. | |
| MD | G. Pradeepkumar | |
| CEO | Rajkamal Tiwari(Chief Executive Officer) | |
| CIO | Harshad Patwardhan(Chief Investment Officer) | |
| Compliance Officer | Padmaja Shirke | |
| Investor Service Officer | Joseph Idichandy | |
| Total AUM (as of end of last quarter) | ₹27,929.72Cr | |
| Address | Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059 |
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Investing in Union KBC Mutual Funds is an online procedure, which makes it completely transparent and hassle-free. There is no place for ambiguity in the process, which ensures that your transactions are secure.
To invest in Union KBC Mutual Fund online, follow the steps mentioned below.
Step 1: Go to the Groww website and register your account there. If you are an existing user, you just need to log in.
Step 2: Submit your KYC documents to prove your identity. Government-issued documents such as Voter ID card, Passport, Driving License, Aadhaar, etc. are all valid KYC documents.
Step 3: Upload supporting documents for your proof of address. Apart from your KYC documents, you can also use your Ration card and utility bills such as electricity or telephone bill for the purpose.
Step 4: From the choice of available options, choose whether you want to make a short term, midterm or long term investment.
Step 5: Select the amount of risk you are comfortable with. It can be low, medium or high.
Step 6: From the list of available choices, make a suitable investment after thoroughly tallying the funds against your requirements.
Step 7: Click on ‘Start SIP’ or ‘Invest One Time’ as per your preference. The first option will open a SIP portfolio in your name, while the latter allows you to make a one-time investment.
Done correctly, this entire procedure should take no more than a few minutes of your time. It’s a straightforward process, and the result is instantaneous. Once you have made the investment, it shall reflect on your Groww account in the next 3 to 4 business days.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.72% & 18.12%. The Union Small Cap Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Small Cap Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹2,401Cr |
| 1Y Returns | 24.9% |
Fund Performance: The Union Active Momentum Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Active Momentum Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹493Cr |
| 1Y Returns | 19.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.66% & 16.09%. The Union Midcap Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Midcap Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,892Cr |
| 1Y Returns | 12.3% |
Fund Performance: The Union Multicap Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Multicap Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,467Cr |
| 1Y Returns | 13.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.99% & 6.36%. The Union Liquid Fund comes under the Debt category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Liquid Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,564Cr |
| 1Y Returns | 6.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.02% & 10.76%. The Union Flexi Cap Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Flexi Cap Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹2,404Cr |
| 1Y Returns | 5.3% |
Fund Performance: The Union Children's Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Children's Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹91Cr |
| 1Y Returns | 5.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.26% & 6.47%. The Union Money Market Fund comes under the Debt category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Money Market Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,072Cr |
| 1Y Returns | 6.9% |
Fund Performance: The Union Innovation & Opportunities Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Innovation & Opportunities Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,252Cr |
| 1Y Returns | 14.7% |
Fund Performance: The Union Multi Asset Allocation Fund comes under the Hybrid category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Multi Asset Allocation Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹997Cr |
| 1Y Returns | 15.0% |
Fund Performance: The Union Gold ETF FoF Direct-Growth comes under the Commodities category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Gold ETF FoF Direct-Growth is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹156Cr |
| 1Y Returns | 43.1% |
Fund Performance: The Arthaya Equity Long Short Fund comes under the null category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Arthaya Equity Long Short Fund is ₹10,00,000 and for SIP, it is ₹10,000.
| Min Investment Amt | ₹10,00,000 |
|---|---|
| AUM | NACr |
| 1Y Returns | -- |
Fund Performance: The Union Retirement Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Retirement Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹209Cr |
| 1Y Returns | 8.5% |
Fund Performance: The Union Diversified Equity All Cap Active FoF Direct-Growth comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Diversified Equity All Cap Active FoF Direct-Growth is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹195Cr |
| 1Y Returns | -- |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.65% & 12.39%. The Union Large & Midcap Fund comes under the Equity category of Union Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Union Large & Midcap Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹982Cr |
| 1Y Returns | 7.8% |
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