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Union Mutual Fund

In the last decade, Union Asset Management Co. Pvt. Ltd. has emerged as one of the top players in India’s asset management sector as the investment wing of the prestigious Union Bank of India. Popularly known as Union Mutual Fund, the company’s vision ever since its inception in 2009 has been, “be the bridge of opportunity for investors to achieve sustainable prosperity through responsible investing in the capital markets.”

Established in December 2009, Union Mutual Fund collaborated with KBC Asset Management NV – a premium AMC based in Belgium – to start off their first mutual fund company under the name ‘Union KBC Mutual Fund.’ The collaboration saw a 49%-51% partnership between Union Bank of India and KBC Asset Management NV.

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Best Union Mutual Fund

Filters
logo Union Small Cap Fund - Direct Growth

19.52%

Fund Size - 1,628

Invest
logo Union Midcap Fund - Direct Growth

18.10%

Fund Size - 1,351

Invest
logo Union Value Fund - Direct Growth

16.99%

Fund Size - 295

Invest
logo Union ELSS Tax Saver Fund - Direct Growth

13.86%

Fund Size - 931

Invest
logo Union Large & Midcap Fund - Direct Growth

13.31%

Fund Size - 834

Invest
logo Union Flexi Cap Fund - Direct Growth

13.00%

Fund Size - 2,234

Invest
logo Union Focused Fund - Direct Growth

10.95%

Fund Size - 416

Invest
logo Union Aggressive Hybrid Fund - Direct Growth

10.75%

Fund Size - 631

Invest
logo Union Largecap Fund - Direct Growth

10.08%

Fund Size - 433

Invest
logo Union Balanced Advantage Fund - Direct Growth

9.71%

Fund Size - 1,462

Invest
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However, after seven years of running a successful AMC, the partnership entered a resolution in 2016, making UBI the sole proprietor of Union Mutual Fund for a brief period. Thereafter in 2017, Union Bank entered into a fresh partnership with Dai-ichi Life, one of Japan’s major financial services companies. The latter acquired a 39.62% stake in the AMC, and thus, Union Mutual Fund got its new name – Union Asset Management Co. Pvt. Ltd. View More

The Major Sponsors of Union Asset Management Co. Pvt. Ltd.

1. Union Bank of India
Union Bank of India is a major public bank in India, and it completed 100 years in 2019. As of May 31, 2019, Union Bank of India has one representative office, three international branches (Hong Kong, Antwerp, and Sydney), and 9,312 domestic branches. UBI has total assets worth $140 billion and an employee strength of 78,202 (F.Y. 2021).

2. Dai-ichi Life
Dai-ichi Life Holdings, Inc. is a limited liability stock company incorporated in Japan in 1902 and listed on the Tokyo Stock Exchange. It is a globally renowned holding company with a presence in insurance and non-insurance businesses through a league of associate companies and subsidiaries. Dai-ichi Life’s global asset management company, known as Asset Management One Co. Ltd., is responsible for managing the non-insurance businesses of the organization in Japan and overseas. Together with Union Bank of India, Dai-ichi Life manages Union Asset Management Co. Pvt. Ltd. The total net assets of Dai-ichi Life is $347 billion.

Currently, Union Asset Management Co. Pvt. Ltd. has about 18 mutual fund products listed in the market across debt, equity, and hybrid schemes. The degree of risks and returns vary with different schemes.

Union Mutual Fund Managers

How to Invest in Union Mutual Fund ?

Over the years, investing in stocks has marched on, and investors have become increasingly careful with how they invest. They know less about picking stocks and more about finding good companies to partner with for long-term business success. That is why some investors choose to invest in mutual funds over stocks. A mutual fund is a professionally managed type of investment that pools money from investors, who then get exposure to stock market investments in small portions.

If you want to invest in UNION Mutual Funds, the process is extremely simple on the 5Paisa platform. 5Paisa is one of the country’s largest investing platforms, and you can easily add UNION and other mutual funds to your portfolio. The steps to invest in UNION Mutual Fund online is as follows: View More

Step 1: Log in to your 5Paisa Account. If you do not have one, register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the UNION Mutual Fund scheme that you want to invest in

Step 3: Choose for the UNION Mutual Fund scheme that you want to invest in

Step 4: Choose the investment type – SIP (Systematic Investment Plan) or Lumpsum

Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the 'Invest Now' button

That's it! This sums up the investment process. Once your payment is successful, you can see the UNION Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Top 10 Union Mutual Fund to Invest

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 1,628
  • 3Y Return
  • 19.52%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 1,351
  • 3Y Return
  • 18.10%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 295
  • 3Y Return
  • 16.99%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 931
  • 3Y Return
  • 13.86%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 834
  • 3Y Return
  • 13.31%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 2,234
  • 3Y Return
  • 13.00%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 416
  • 3Y Return
  • 10.95%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 631
  • 3Y Return
  • 10.75%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 433
  • 3Y Return
  • 10.08%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 1,462
  • 3Y Return
  • 9.71%

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Frequently Asked Questions

<p>The amount you should invest in a SIP depends on your financial goals and the amount of money you have. The amount you will pay each month will depend on how much the mutual fund charges as its expense ratio. You can use our Mutual Fund SIP calculator to determine how much your monthly investment should be based on your goal and other details.</p>

You can increase your SIP amount for the next subscription date. You can change your SIP amount only once a month, and the new amount will be charged from the next subscription date onwards. All you need to do is choose the edit option and increase the SIP amount.

You do not have to open a Demat account to invest in mutual funds. With 5Paisa’s apps, you can purchase and trade mutual funds on the fly. Download the Invest app and the Mobile Trading App and open an MF account.

UNION AMC offers a wide range of investment options, including mutual funds, ETFs, bond funds, and liquid schemes. There are various investment options to help you reach your financial goals.

Union’s funds have a successful, proven track record. And part of that success is attributable to investing in riskier, more volatile investment opportunities. But all investments involve risk. The key to making money is knowing how to manage that risk with proper portfolio diversification.

When you sign up for a SIP in a UNION mutual fund, the minimum amount is INR 500.

Invest your money safely and securely with 5Paisa. The zero-commission platform offers a variety of investment options, including Mutual Funds, Gold, ETFs and more. Choose from SIP or Lumpsum options and avail of the ease of accessibility and user-friendly platform with no hidden charges.

Yes, you can stop purchasing new shares in a mutual fund during a subscription period. To do so, simply go to your account on 5Paisa and request that it cancel your standing order for additional shares. You have to click the “Stop SIP” option under the scheme, and you’re ready.

Past performance is not a guarantee of future results. When looking at returns, we recommend focusing on the returns generated in the most recent periods by the relevant investment timeframe.

Mutual funds are investment options made available to individuals and organizations that want to invest without having to select individual stocks. To help you make an educated decision, 5Paisa as a platform will answer your questions about mutual funds, like how much a mutual fund costs, what happens when you need to sell shares and how you can purchase them directly.

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