img

Get a Call

Market News

  • 02

    Jul
    2019

    Union Focused Fund Floats On

    Union Mutual Fund has unveiled a new fund named as Union Focused Fund, an open ended equity scheme investing in maximum 30 stocks across market caps (i.e. Multi Cap). The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 15 July and closes subscription on 29 July 2019.

    The investment objective of the scheme is to seek to generate capital appreciation by investing in a portfolio of select equity and equity linked securities across market caps.

    The scheme shall offer two options i.e. growth and dividend option under both regular and direct plan. Dividend has dividend re-investment, dividend payout and dividend sweep facility.

    The scheme shall invest 65% - 100% of assets in equity & equity related instruments across market caps with high risk profile and invest upto 35% of asset in debt and money market instruments with low risk profile.

    The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

    The minimum additional application amount is Rs 1000 and in multiples of Re 1 thereafter.

    The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

    Entry load: Nil

    Exit load: 1% if units are redeemed or switched out on or before completion of 1 year from the date of allotment. Nil thereafter

    The performance of the scheme will be benchmarked against S&P BSE 500 Index.

    Vinay Paharia is the fund manager of the scheme.

    Powered by Capital Market - Live News

NIFTY 11346.20 img -73.05

SENSEX 38031.13 img -305.88

GOLD 34932.00

SILVER 40773.00

1 USD / INR 68.92

Attention Investors! "Prevent Unauthorised Transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of Investors."           Attention Investors! "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day. Issued in the interest of investors."           "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."           "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."           "As per SEBI guidelines, old DIS cannot be accepted for execution of instruction with effect from 07-01-2016. Kindly submit requisition slip / letter for issuance of new DIS booklet at our corporate office address to avoid rejection of your instruction(s) on or after 07-01-2016.”            "In accordance with the Union Budget 2017-18 announcement, SEBI has advised to link Aadhar with individual demat accounts. Kindly submit details of Aadhar number along with copy of Aadhar Card.”          

Copyright © 2019. All Rights Reserved. Indiabulls Ventures Limited. | Cookie Policy | Bechmark Rates | Disclaimer | Terms and Condition | Blog

Indiabulls Ventures Limited. [Corporate Identification Number for IVL: L74999DL1995PLC069631]
SEBI Reg No: INZ000007534 | NSE Membership No: 08756 [CM, FNO, CDS] | BSE Membership No: 907 [CM, FNO]
Indiabulls Securities Limited (Formerly known as Indiabulls Commodities Limited) [Corporate Identification Number for ISL: U74999DL2003PLC122874]
SEBI Reg No: INZ000036136 | MCX: MEMBER CODE: 12835 | NCDEX: MEMBER CODE: 10
Registered office address: M - 62 & 63, First Floor, Connaught Place, New Delhi - 110001.
Correspondence office address: Indiabulls House, 448 – 451, Udyog Vihar, Phase – V, Gurgaon – 122016, Haryana.
Site best viewed in IExplorer 10+ | Chrome | Firefox