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India’s one of the largest public sector banks – Union Bank of India, along with Dai-ichi Life Holdings, Inc. has launched Union Consumption Fund. All details and the PDF of the Union Consumption Fund are given below.
Union Consumption Fund is an open-ended equity scheme following consumption theme. The investment objective of the scheme is to generate long-term capital appreciation by investing in companies those are engaged in consumption and consumption related sector or allied sectors. These companies are expected to directly or indirectly benefit from changing consumer aspirations, changing lifestyle and overall growth in consumption led demand.
| Parameter | Date |
|---|---|
| New Fund Offer Opens on: | December 01, 2025 |
| New Fund Offer Closes on: | December 15, 2025 |
| Scheme re-opens on: | Within 5 Business days of Allotment |
| Name of Mutual Fund | Union Mutual Fund |
|---|---|
| Name of Asset Management Company | Union Asset Management Company Private Limited |
| CIN of Asset Management Company | U65923MH2009PTC198201 |
| Name of Trustee Company | Union Trustee Company Private Limited |
| CIN of Trustee Company | U65923MH2009PTC198198 |
| Name of Sponsors | Union Bank of India Dai-ichi Life Holdings, Inc. |
| Addresses, Website of the Entities | Registered Office: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400 059 Website: www.unionmf.com |
| Contact Details | Toll Free No. 18002002268 / 18005722268; Non Toll Free: 022-67483333; Fax No: 022-67483402; Email: investorcare@unionmf.com |
| Plans and Options | Details |
|---|---|
| Plans | • Direct Plan • Regular Plan |
| Load Structure | Exit Load • 1% if redeemed or switched out on or before completion of 1 year from date of allotment of units. • Nil if redeemed or switched out after 1 year from date of allotment. |
| Minimum Application Amount / Switch-in | • During NFO: Minimum of Rs. 1,000 and in multiples of Re. 1 thereafter. • On continuous basis: Fresh Purchase: Rs. 1,000 and in multiples of Rs. 1 thereafter. For Systematic Investment Plan (SIP): • Rs. 100 and in multiples of Rs. 1 thereafter (for daily frequency) • Rs. 500 and in multiples of Rs. 1 thereafter (for weekly frequency) • Rs. 500 and in multiples of Rs. 1 thereafter (for fortnightly frequency) • Rs. 500 and in multiples of Rs. 1 thereafter (for monthly frequency) If frequency is not mentioned, then Monthly frequency will be considered as the default SIP frequency. The minimum application amount above does not apply to mandatory investments by employees of Union AMC under Clause 6.10 of the SEBI Master Circular for Mutual Funds dated June 27, 2024. |
| Minimum Additional Purchase Amount | Rs. 1,000 and in multiples of Rs. 1 thereafter. |
| Minimum Redemption / Switch-Out Amount | Minimum of Rs. 1,000 or the balance in the unitholder’s folio, whichever is lower. |
| New Fund Offer Price | Rs. 10 per Unit |
Union Consumption Fund PDF
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