Union Mutual Fund
AUM
₹ 20,144 cr
AMC Age
15 Years
No. Of Schemes
65
Union Mutual Funds aims to be a trusted partner for investors and distributors by promoting responsible investing. Backed by Union Bank’s vast client base, the AMC offers a variety of equity, debt, hybrid, and solution-oriented funds.
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About Union Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
Established in 2009, Union Mutual Fund is a trusted asset management company backed by the Union Bank of India, one of the country’s leading public sector banks. With a strong commitment to responsible investing, the fund house aims to deliver sustainable long-term value to its investors
Key Features
- Union Mutual Fund offers a wide range of mutual fund schemes, including equity, debt, hybrid, and solution-oriented funds.
- With the support of Union Bank of India's extensive branch network, the fund house ensures easy access and personalised services for investors nationwide.
- The fund house remains committed to fostering sustainable growth for investors by adhering to responsible investment practices in capital markets.
- As a joint venture between Union Bank of India and Dai-ichi Life Holdings, Inc., Union Mutual Fund benefits from the financial stability and expertise of its established sponsors.
Documents Required
To invest in Union Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact Union Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
Union Mutual Fund Managers
Mr. Anindya Sarkar
Mr. Devesh Thacker
Mr. Gaurav Chopra
Mr. Pratik Dharmshi
Mr. Shrenuj Parekh
How To Invest In Union Mutual Fund With Choice?
Union Mutual Fund FAQs
The best Union Mutual Fund depends on your financial goals and risk appetite. Equity funds suit long-term growth, debt funds offer stability, and hybrid funds balance risk and reward. You can explore detailed research and performance insights with the Choice FinX app to select the right fund.
Union Mutual Fund schemes are taxed based on the type of fund and the holding period. Equity fund gains are taxed at 20% (short-term) and 12.5% (long-term if gains exceed 1.25 lakh annually). Debt fund gains are taxed per your income slab. ELSS funds offer tax benefits under Section 80C.
To invest through Choice, you need a PAN card, Aadhaar, proof of identity, proof of address, and a linked bank account. Completing the KYC process is mandatory, and non-individual investors may need additional documents.
The minimum investment amount for Union Mutual Funds is usually 1,000 for lump-sum investments and 500 for Systematic Investment Plans (SIPs).
Returns are calculated based on the Net Asset Value (NAV) using the following formula:
Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100
For SIPs, returns are calculated using the XIRR (Extended Internal Rate of Return) method. Choice provides real-time NAV updates and tools to calculate potential returns based on your investment.
Yes, you can switch between Union Mutual Funds through Choice FinX. While switching is allowed, it is important to consider exit loads and tax implications based on the duration of your investment.
Charges include the Expense Ratio (fund management costs), Exit Load (for early withdrawals), and Transaction Fees for investments beyond a certain limit. Direct plans, available through Choice, usually have lower charges than regular plans.
No, a Demat account is not mandatory to invest in Union Mutual Funds through Choice. However, if you prefer to hold units in electronic form, a Demat account is recommended.
You can access your Union Mutual Fund statement through the Choice platform in the Portfolio section. Alternatively, statements can be obtained via the Union Mutual Fund website, by email request, or from CAMS/Karvy platforms.
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