Union Mutual Fund launched the NFO of Children’s Fund on November 28, 2023, which is a solution-oriented scheme. Union Children’s Fund is an open-ended solution-oriented scheme that invests in a mix of equity, equity-related securities, and debt instruments to generate long-term capital appreciation. The fund has a minimum subscription amount of Rs. 1,000 and no entry or exit loads.
Union Children’s Fund is an open-ended fund for investment for children, having a lock-in for at least 5 years or till the child attains the age of majority (whichever is earlier). The investment objective of the Scheme is to generate long-term capital appreciation by investing in a mix of securities comprising equity, equity-related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to providing investment solutions to investors.
The asset allocation for equity is a minimum of 65% and a maximum of 100%, where the scheme is investing in debt and money market instruments, with a maximum of 35% having a low risk profile. The scheme also invests in REITs and InVITs with a maximum of 10% allocation. The scheme uses derivatives to hedge the asset up to 50% and 20% for other than hedging operations. The investments in securities lending will be up to 20% of the net assets of the schemes.
| Funds | 1 Year Returns (%) | Risk-o-meter | Category | Expense Ratio (%) | Net Assets (Cr) |
| Union Arbitrage Fund – Direct Plan | 7.79 | Low | HY-AR | 0.42 | 103.00 |
| Union Balanced Advantage Fund – Direct Plan | 9.80 | High | HY-DAA | 0.91 | 1,563 |
| Union Children’s Fund – Direct Plan | — | Very High | HY-AH | — | — |
| Union Corporate Bond Fund – Direct Plan | 6.32 | Moderate | DT-CB | 0.39 | 462.00 |
| Union Dynamic Bond Fund – Direct Plan | 5.79 | Moderate | DT-DB | 1.26 | 88.00 |
| Union Equity Savings Fund – Direct Plan | 8.13 | Moderate | HY-EQ S | 1.48 | 119.00 |
| Union Fixed Maturity Plan – Series 13 (1114 Days) – Direct Plan | — | Low to Moderate | DT-FMP | 0.19 | 23.00 |
| Union Flexi Cap Fund – Direct Plan | 18.18 | Very High | EQ-FLX | 0.91 | 1,621 |
| Union Focused Fund – Direct Plan | 12.68 | Very High | EQ-FLX | 1.49 | 344.00 |
| Union Gilt Fund – Direct Plan | 6.13 | Moderate | DT-GL | 0.52 | 117.00 |
| Union Hybrid Equity Fund – Direct Plan | 12.97 | Very High | HY-AH | 1.32 | 534.00 |
| Union Innovation & Opportunities Fund – Direct Plan | — | Very High | EQ-THEMATIC | 0.89 | 502.00 |
| Union Largecap Fund – Direct Plan | 11.24 | Very High | EQ-LC | 1.72 | 248.00 |
| Union Large & Midcap Fund – Direct Plan | 18.24 | Very High | EQ-L&MC | 1.03 | 539.00 |
| Union Liquid Fund – Direct Plan | 7.11 | Low to Moderate | DT-LIQ | 0.08 | 2,862 |
| Union Medium Duration Fund – Direct Plan | 6.23 | Moderate | DT-MD | 0.67 | 126.00 |
| Union Midcap Fund – Direct Plan | 24.86 | Very High | EQ-MC | 0.74 | 838.00 |
| Union Money Market Fund – Direct Plan | 7.05 | Low to Moderate | DT-MM | 0.29 | 173.00 |
| Union Multicap Fund – Direct Plan | — | Very High | EQ-MLC | 0.96 | 618.00 |
| Union Overnight Fund – Direct Plan | 6.62 | Low | DT-OVERNHT | 0.08 | 380.00 |
| Union Retirement Fund – Direct Plan | 20.78 | Very High | HY-AH | 0.59 | 91.00 |
| Union Small Cap Fund – Direct Plan | 36.45 | Very High | EQ-SC | 1.01 | 1,139 |
| Union Tax Saver (ELSS) Fund – Direct Plan | 16.72 | Very High | EQ-ELSS | 1.42 | 695.00 |
| Union Value Discovery Fund – Direct Plan | 22.63 | Very High | EQ-VAL | 1.51 | 172.00 |
Above data is recorded as of November 28, 2023.
The Union Children’s Fund is about to invest in equity and its related instruments like derivatives, warrants, debentures, IPOs, preference shares, and private placements. In the debt instruments, the scheme invests in Certificate of Deposit (CD), Tri-party Repo (TREPS) in Government Securities, Commercial Paper (CP), Reverse Repo, Treasury Bill (T-Bill), Securities created and issued by the Central and State Governments, Non-convertible debentures and bonds, and floating rate debt instruments. With these debt instruments, the scheme uses debt derivatives instruments to trade in interest rate swaps, forward rate agreements, interest rate futures, etc. Along with all these other mutual funds, short-term loans and units of REITs and InVITs are also some of the instruments that the scheme is investing in.
Hardick Bora (Co-Head Equity) – 35 years
Industry experience: Over 15 years of experience in the financial services sector.
Sanjay Bembalkar (Co-Head Equity) – 40 years
Industry experience: Over 16 years of experience in the field of Equity Research and Fund Management.
Parijat Agrawal (Head – Fixed Income) – 56 years
Industry Experience: Over 27 years of experience in Funds Management.
Category – Children’s Fund
| Scheme Name | AUM (Crore) | Expense Ratio (%) | 1 Week Returns (%) | 1 Month Returns (%) | 3 Months Returns (%) | 6 Months Returns (%) | 1 Year Returns (%) | 3 Years Returns (%) | Since Launch Ret (%) |
| SBI Magnum Childrens Benefit Inv Reg Gr | 1271.429 | 2.17 | 0.39 | 2.4 | 3.36 | 17.28 | 21.68 | 37.89 | 40.5 |
| HDFC Children Gift Fund Investment | 7330.722 | 1.79 | 0.15 | 3.52 | 2.46 | 10.56 | 16.7 | 18.7 | 16.19 |
| ICICI Pru Child Care Gift Cum | 980.7471 | 2.29 | 1.32 | 5.78 | 5.23 | 16.24 | 17.49 | 17.2 | 15.33 |
| Tata Young Citizen Reg Gr | 291.9173 | 2.6 | -0.08 | 4.02 | 3.61 | 14.39 | 16.1 | 19.11 | 12.84 |
| SBI Magnum Childrens Benefit Savings Reg Gr | 100.7471 | 1.2 | 0.17 | 2.04 | 3.23 | 8.89 | 13.9 | 13.55 | 10.53 |
| UTI CCF Investment Reg Gr | 831.5821 | 2.33 | 0.64 | 4.35 | 4.88 | 14.44 | 12.2 | 16.17 | 10.14 |
| ABSL Bal Bhavishya Yojna Reg Gr | 799.7691 | 2.24 | 0.45 | 3.61 | 3.2 | 14.16 | 13.67 | 11.49 | 10.01 |
| Axis Childrens Gift Fund Lock-in Gr | 739.6912 | 2.33 | -0.21 | 1.28 | 1.31 | 5.5 | 4.9 | 9.65 | 9.62 |
| Axis Childrens Gift Fund without Lock-in Gr | 739.6912 | 2.33 | -0.21 | 1.28 | 1.31 | 5.5 | 4.9 | 9.65 | 9.62 |
| LIC MF Childrens Gift Fund Reg Gr | 13.854 | 2.48 | 0.68 | 3.48 | 4.07 | 13.02 | 12.51 | 11.32 | 4.63 |
| Category Average | – | – | 0.33 | 3.18 | 3.27 | 12 | 13.41 | 16.47 | 13.94 |
| NIFTY 50 TRI | – | – | 0.32 | 2.81 | 2.28 | 9.03 | 8.23 | 16.25 | 13.73 |
Above data is recorded as of November 28, 2023.
Union Mutual Fund has launched a new open-ended solution-oriented scheme named Union Children’s Fund. The scheme aims to generate long-term capital appreciation by investing in a mix of securities comprising equity, equity-related securities, and debt instruments as per the asset allocation pattern of the scheme. The minimum subscription amount is Rs.1000 and Rs.1 thereafter. The scheme is open for subscription from 28th November 2023 and will close on 12th December 2023. There is no entry load and exit load applicable.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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