Union Active Momentum Fund Direct Growth

Union Active Momentum Fund Direct Growth is a Equity Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Sanjay Bembalkar is the Current Fund Manager of Union Active Momentum Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹16,877 Cr and the Latest NAV as of 28 Nov 2024 is ₹10.00. The Union Active Momentum Fund Direct Growth is rated NA risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. 1% for redemption within 1 Year ;

Investment Objective

The Scheme seeks to generate long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit relatively superior price momentum based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly. The portfolio of stocks will be selected, weighted and rebalanced using proprietary screens. ;