Union Mutual Fund

Union Mutual Fund is a 100% subsidiary of Union Bank of India. Earlier, it was known as Union KBC Mutual Fund. The Union Bank of India and KBC Asset Management NV held the shares of this fund in the ratio of 51:49. However, after the exit of KBC Asset Management NV, Union Bank of India purchased the remaining shares of the Union Mutual Fund. Today, this mutual fund offers numerous schemes to investors across India.
  • Equity
  • Hybrid
  • Elss
  • Debt
  • Other
Mutual Fund Schemes
Category
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5Y Returns
AUM
(in Cr.)
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equity
45.63Mar 1, 2024
28%
₹1,285

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equity
34.15Mar 1, 2024
28%
₹1,285

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equity
34.15Mar 1, 2024
28%
₹1,285

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equity
36.48Mar 1, 2024
27%
₹1,285

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equity
36.48Mar 1, 2024
27%
₹1,285

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equity
42.00Mar 1, 2024
27%
₹1,285

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equity
25.85Mar 1, 2024
21%
₹199

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equity
25.85Mar 1, 2024
21%
₹199

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equity
25.85Mar 1, 2024
21%
₹199

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equity
49.73Mar 1, 2024
20%
₹1,863

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equity
43.45Mar 1, 2024
20%
₹1,863

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equity
43.45Mar 1, 2024
20%
₹1,863

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equity
24.74Mar 1, 2024
20%
₹199

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equity
24.74Mar 1, 2024
20%
₹199

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equity
24.74Mar 1, 2024
20%
₹199

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equity
45.37Mar 1, 2024
19%
₹1,863

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equity
28.66Mar 1, 2024
19%
₹1,863

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equity
28.66Mar 1, 2024
19%
₹1,863

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equity
22.65Mar 1, 2024
16%
₹280

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equity
22.65Mar 1, 2024
16%
₹280

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equity
22.65Mar 1, 2024
16%
₹280

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equity
21.60Mar 1, 2024
15%
₹280

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equity
21.60Mar 1, 2024
15%
₹280

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equity
21.60Mar 1, 2024
15%
₹280

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equity
22.83Mar 1, 2024
0%
₹380

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hybrid
19.48Mar 1, 2024
13%
₹1,643

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hybrid
19.48Mar 1, 2024
13%
₹1,643

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hybrid
19.48Mar 1, 2024
13%
₹1,643

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hybrid
18.37Mar 1, 2024
12%
₹1,643

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hybrid
18.37Mar 1, 2024
12%
₹1,643

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hybrid
18.37Mar 1, 2024
12%
₹1,643

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hybrid
15.96Mar 1, 2024
9%
₹121

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hybrid
15.96Mar 1, 2024
9%
₹121

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hybrid
15.96Mar 1, 2024
9%
₹121

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hybrid
15.46Mar 1, 2024
8%
₹121

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hybrid
15.46Mar 1, 2024
8%
₹121

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hybrid
15.46Mar 1, 2024
8%
₹121

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hybrid
12.83Mar 1, 2024
0%
₹129

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hybrid
15.93Mar 1, 2024
0%
₹584

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hybrid
12.53Mar 1, 2024
0%
₹129

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hybrid
13.18Mar 1, 2024
0%
₹129

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hybrid
12.86Mar 1, 2024
0%
₹129

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hybrid
12.53Mar 1, 2024
0%
₹129

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hybrid
12.86Mar 1, 2024
0%
₹129

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hybrid
15.93Mar 1, 2024
0%
₹584

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hybrid
16.51Mar 1, 2024
0%
₹584

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hybrid
16.51Mar 1, 2024
0%
₹584

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hybrid
15.93Mar 1, 2024
0%
₹584

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hybrid
16.51Mar 1, 2024
0%
₹584

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elss
61.03Mar 1, 2024
20%
₹789

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elss
61.03Mar 1, 2024
20%
₹789

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elss
61.03Mar 1, 2024
20%
₹789

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elss
56.91Mar 1, 2024
19%
₹789

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elss
31.81Mar 1, 2024
19%
₹789

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debt
22.22Mar 1, 2024
7%
₹93

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debt
21.11Mar 1, 2024
6%
₹93

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debt
14.88Mar 1, 2024
6%
₹93

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debt
14.88Mar 1, 2024
6%
₹93

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debt
14.08Mar 1, 2024
6%
₹93

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debt
14.08Mar 1, 2024
6%
₹93

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debt
13.95Mar 1, 2024
6%
₹453

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debt
13.95Mar 1, 2024
6%
₹453

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debt
13.95Mar 1, 2024
6%
₹453

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debt
13.69Mar 1, 2024
5%
₹453

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debt
13.69Mar 1, 2024
5%
₹453

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debt
13.69Mar 1, 2024
5%
₹453

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debt
2314.11Mar 1, 2024
5%
₹2,502

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Union Liquid Fund - Growth
  • Risk
  • Low to Moderate

debt
2289.05Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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debt
1000.79Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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debt
1001.57Mar 1, 2024
5%
₹2,502

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Union Liquid Fund - Daily IDCW
  • Risk
  • Low to Moderate

debt
1000.79Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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debt
1001.51Mar 1, 2024
5%
₹2,502

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debt
1001.29Mar 1, 2024
5%
₹2,502

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other
13.58Mar 1, 2024
0%
₹109

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other
13.58Mar 1, 2024
0%
₹109

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other
13.91Mar 1, 2024
0%
₹109

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other
13.91Mar 1, 2024
0%
₹109

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other
10.52Mar 1, 2024
0%
₹34

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other
10.52Mar 1, 2024
0%
₹34

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other
10.55Mar 1, 2024
0%
₹34

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other
10.55Mar 1, 2024
0%
₹34

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other
10.55Mar 1, 2024
0%
₹34

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other
10.55Mar 1, 2024
0%
₹34

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Result Showing 1-25 of 54 Mutual Funds

Key Information about Union Mutual Fund

Mutual Fund NameUnion Mutual Fund
OfficeRegistered Office Unit 503, 5 Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059
Email Idinvestorcare@unionmf.com
Phone No.022-6748 3300
Fax022- 6748 3400/3401/3402
Websitewww.unionmf.com
Set up dateMar 23, 2011
Mutual Fund TypeBank Sponsered
AMC incorporation DateDec 30, 2009
CityMumbai

Fund Managers

SB

Mr. Sanjay BembalkarFund Manager

HB

Mr. Hardick BoraCo-Fund Manager

Over 8 years of experience in the financial services sector.

An Overview of Union Mutual Funds

Union Mutual Fund is an investment product of the Union Bank of India. It has been one of India's fundamental drivers in the Asset Management industry for over a decade. The fund renders 21 schemes across various mutual funds comprising seven debt, eight equity, and four hybrid mutual funds.

Union Mutual Fund has an AUM (Asset Under Management) of ₹9,610 Cr. This Asset Management Company (AMC) was established on December 30, 2009, to develop India's strong asset management portfolio. Over the years, the Union Mutual Fund has lured a big audience into investing in the fund. 

Dai-ichi Life (the top insurance company in Japan) and Union Bank of India sponsor the Union Mutual Fund. However, Union Bank of India owns 100% of the fund's shares

Type of Union Mutual Funds

Union Mutual Funds is divided into three categories: Equity, Debt, and Hybrid Union Mutual Funds. The details of the same are as follows:

Union Equity Mutual Funds

Such mutual funds invest their assets in various companies' stocks based on the underlying scheme's investment goals. Union Equity MFs tend to yield long-term wealth. Hence, it is an ideal investment choice for capital appreciation. If you want to gain exposure to the stock market and invest for the long term, invest in Union Equity Mutual Funds.

Union Debt Mutual Funds

Such funds typically generate returns by lending your money to companies and the government. The type of borrower and lending duration determine the risk level of a Debt Fund. These funds have moderate risk on investment.

Union Hybrid Mutual Funds

Union Bank Hybrid Funds are Union Bank MF schemes that invest in assets like debt, equity, and other asset classes based on the scheme's investment objective.

How to Invest in Union Mutual Funds?

Usually, a new mutual fund comes with a newspaper ad with its launch date. Investors willing to invest in Union Mutual Funds can either invest via online or offline mode.

Offline Mode

Investors can approach the bank or contact mutual fund distributors and agents in this mode. They will provide applicants with the required information and application form for mutual fund investment. You can submit the form for starting MF investment through distributors and agents who provide such services. 

Note: The schemes by banks and post offices are only meant for distribution. They don’t guarantee any issuance of returns. Investors must not be enticed by gifts/commissions/distributors offered by distributors or agents for investing in a specific scheme. Rather, they should analyse the track record of the mutual fund and must take accurate decisions. 

Online Mode

First of all, choose an agent or distributor. Then visit their official website and choose the Union Bank Mutual Fund scheme you want to invest in. Fill out the application form, upload the supporting documents and your passport-size photograph, and submit the opening amount through your preferred online payment mode. Once you have deposited the amount, your application will be processed within a few minutes.

Documents Required for Investing in Union Mutual Funds

According to SEBI (Securities and Exchange Board of India), all investors must be KYC compliant. Therefore, if you are planning to invest in Union Mutual Funds, you must keep the following documents handy:

  • PAN Card 
  • Address Proof, which may include your Driving License, Aadhaar Card, Passport, Utility Bills, etc.
  • Passport-sized photographs
  • KYC authorisation letter
  • Video Selfie – record a selfie video by facing the camera for 5 seconds.

Note: The applicants must upload a clear coloured copy of their KYC documents on the website at the time of registration.

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Frequently Asked Questions (FAQs)

Which Union Mutual Fund is the best to invest in?

Union Mutual Funds have more than 12 funds serving various investor needs. Hence, you need to assess every attribute of each fund, including the market risk, to pick the best mutual fund. Ensure that whichever fund you choose to invest in aligns with your investment and financial objectives.

Who owns Union Mutual Fund?

In the beginning, Union Bank of India held 51%, and a Belgium-based KBC Asset Management NV had the rest of the shares. However, today, the Union Bank of India currently owns a 100% share of the Union Mutual Fund.

How do I check my Union Mutual Fund statement?

To view your Union Mutual Fund statement, you can email them your folio number at investorcare@unionmf.com. You must also mention your application number if you are a first-time investor. Apart from this, you can visit the official website of CAMS (the Registrar) by clicking here — www.camsonline.com/. From the drop-down menu, select Union Mutual Fund as the AMC name. Enter your email address and fill out the application form. Pick from one of the two delivery options — you can receive an encrypted attachment or a download link in your email.

Is it good to invest in Union Mutual Fund?

Union Mutual Fund has experienced and highly-skilled fund managers who follow a well-defined investment and risk management process. They carry out extensive research to create a portfolio. Further, the asset allocation of schemes is tactically tailored to minimise or maximise risks. Therefore, investing in Union Mutual Fund could be a good option.

Which SIP has the highest return?

Union Equity Funds are the ones with the highest returns.

Which is the best SIP for ₹1,000 per month?

Union Small Cap Fund Direct-Growth could be the best SIP to invest in, with ₹1,000 per month.
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