Union Asset Management Company, the investment manager of Union Mutual Fund sponsored by Union Bank of India and Japan’s Dai-ichi Life Holdings, on Monday announced the launch of Union Children’s Fund, an open-ended fund for investing in children. It will have a lock-in period of 5 years or till the child reaches the age of majority, whichever is earlier.
Union Children’s Fund New Fund Offer (NFO) will open on November 28, 2023 and close on December 12, 2023. The scheme will be re-opened for ongoing sale and repurchase within 5 working days of allotment
“Benchmarked against the S&P BSE 500 Index (TRI), the scheme aims to achieve long-term capital appreciation by investing in a mix of equity, equity-linked securities and debt instruments as per the asset allocation pattern of the scheme. To provide investment solutions to investors,” Union AMC said in a statement.
The minimum application amount to invest in the scheme is Rs 1,000 and multiples of Rs 1 thereafter, it said.
Union AMC Chief Executive Officer (CEO) G Pradeep Kumar said, “At a time when inflation is on the rise, it has become challenging for people to invest in their children’s future needs. In this scenario, imagine a future where every child’s dreams know no bounds, where their potential is nurtured, and where every milestone is supported by unwavering love and financial well-being. Union Children’s Fund aims to do just that – to help you plan for your child’s bright future. This investment can be a tangible expression of your love and commitment to your child.”
Where we collect the information from Source link
Disclaimer:- We include in each post a link to where each content on our website is collected from.If there is a complaint against any post please contact us directly.
Email: post-support.dailyfastnews24.com
You can also write on the popular online news portal dailyfastnews24.com. Writing topics feature, travel, lifestyle, career, IT, agriculture and nature. Send your entry today to [email protected]
advertisement:-If you would like to advertise on our website please contact us here.Our Ads team will contact you very soon.
Email: [email protected]
The cost of advertising:- 1 Post 100 USD Lifetime.
Thank you very much for visiting our website. Have a good day.