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With a vision to be the most reliable and trusted partner to investors and distributors through responsible investing, Union Mutual Funds was started on December 30, 2009. Union Mutual Funds, the investment wing of Union Bank, had access to the bank’s enormous client base.
Union KBC Mutual Fund began as a collaboration of KBC Asset Management NV, a Belgium-based AMC and later went through a few changes and subsequently led to an alliance with Dai-Chi Life, a major financial services company from Japan, in 2017. The Union Bank of India and Dai-ichi Life are the current sponsors of The Union Mutual Fund. As of March 2023, Union AMC operates four different categories like Equity, Debt, Hybrid, and Solution Oriented, that offer 21 investment schemes in both regular and direct plans.
Popularly known as Union Bank or UBI, Union Bank of India is an Indian public sector bank which is headquartered in Mumbai. It has about 120+ million customers as of March 31, 2023. Effective April 2022, it merged with Corporation Bank and Andhra Bank, and the unified merged entity became one of the largest PSU banks in terms of branch network with around 8,500+ branches. It is one of India’s few public sector banks to have successfully implemented 100% networking of its branches.
Dai-ichi Life Holdings, Inc. is a stock company with limited liability, incorporated in Japan in the year 1902 and listed on the Tokyo Stock Exchange. Dai-ichi Life is a financial services holding company that carries out both insurance and non-insurance, including asset management businesses through its subsidiaries and associate companies. Dai-ichi Life operates its asset management business overseas through its group company, Asset Management One Co. Ltd., a global asset management company that serves its customers with high-quality products and services.
| Founding date | December 30, 2009 |
| AMC Incorporation date | March 23, 2011 |
| Headquarters in | Mumbai |
| Name of the sponsors | Union Bank of India and Dai-Chi Life Holdings, Inc. |
| Trustee Organisation | Union Trustee Company Private Limited |
| MD and CEO | Mr G. Pradeepkumar |
| Chief Investment Officer | – |
| Compliance Officer | Ms Padmaja Shirke |
Investing in Union Mutual Funds, or any mutual fund for that matter, is an easy and hassle-free process when done through your Angel One account. Just take the following steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can open a Demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
You may consider the fund’s expense ratio to get an idea about the cost of investing in it.
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
You can learn more about the details of each fund from within the Angel One app itself.
Investing in Union Mutual Funds through Angel One is a streamlined and fully digital process, ensuring a seamless investment experience. To initiate your investment journey, it is imperative to complete the KYC process, for which you’ll need to furnish the following essential documents:
Angel One simplifies the KYC verification process, granting you swift and efficient access to Union Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform is designed to make your financial goals attainable. You can anticipate your KYC verification to be finalized in just 48-72 business hours, paving the way for you to embark on your mutual fund journey.
| Name of the Fund | Sub Category | AUM (₹ in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| Union Small Cap Fund | Small Cap Fund | 1,071.59 | 1,000 | 35.45 | 24.31 |
| Union Midcap Fund | Mid Cap Fund | 816.49 | 1,000 | 30.61 | – |
| Union Value Discovery Fund | Value Fund | 174.12 | 500 | 26.26 | – |
| Union Tax Saver (ELSS) Fund | Equity Linked Savings Scheme (ELSS) | 695.72 | 500 | 24.91 | 17.25 |
| Union Flexi Cap Fund | Flexi Cap Fund | 1,608.78 | 500 | 24.24 | 16.9 |
| Union Large & Midcap Fund | Large & Mid Cap Fund | 521.79 | 1,000 | 23.92 | – |
| Union Focused Fund | Focused Fund | 354.73 | 1,000 | 22.3 | – |
| Union Largecap Fund | Large Cap Fund | 255.89 | 1,000 | 20.88 | 13.4 |
| Union Balanced Advantage Fund | Balanced Advantage Fund | 1,600.24 | 1,000 | 12.31 | 11.47 |
| Union Equity Savings Fund | Equity Savings | 120.84 | 1,000 | 8.97 | 8.17 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
Union Small Cap Fund operates as a Small Cap Fund. The fund manages an Asset Under Management (AUM) of ₹1,071.59 crore. With an expense ratio of 1.12%, this fund has demonstrated a Compound Annual Growth Rate (CAGR) of 35.45% over a 3-year period. The minimum investment for this fund is ₹1,000. The fund predominantly invests in companies falling within the small-cap segment.
Union Midcap Fund functions as a Mid Cap Fund with an AUM of ₹816.49 crore. Its expense ratio stands at 0.75%. Over the past 3 years, it has delivered a CAGR of 30.61%. The minimum investment amount for this fund is ₹1,000. The fund primarily invests in mid-sized companies.
Union Value Discovery Fund operates as a Value Fund and manages an AUM of ₹174.12 crore. It maintains an expense ratio of 1.51%. Over a 3-year period, the fund has shown a CAGR of 26.26%. The minimum investment for this fund is ₹500. The fund mainly focuses on undervalued stocks.
Union Tax Saver (ELSS) Fund is categorised as an Equity Linked Savings Scheme (ELSS) and holds an AUM of ₹695.72 crore. It has an expense ratio of 1.47%. Over the past 3 years, the fund has exhibited a CAGR of 24.91%. The minimum investment amount is ₹500. The fund offers tax-saving benefits while investing in equities.
Union Flexi Cap Fund operates as a Flexi Cap Fund and has an AUM of ₹1608.78 crore. The fund maintains an expense ratio of 0.91%. It has provided a CAGR of 24.24% over a 3-year period. The minimum investment for this fund is ₹500. The fund has the flexibility to invest across market cap based on market conditions.
Union Large & Midcap Fund is a Large & Mid Cap Fund with an AUM of ₹521.79 crore and an expense ratio of 1.05%. Over a 3-year period, it has shown a CAGR of 23.92%. The minimum investment amount is ₹1,000. The fund typically invests in a mix of large and mid-sized companies.
Union Focused Fund operates as a Focused Fund and manages an AUM of ₹354.73 crore. The expense ratio for this fund is 1.42%. It has exhibited a CAGR of 22.3% over a 3-year duration. The minimum investment for this fund is ₹1,000. The fund maintains a focused portfolio of select stocks.
Union Largecap Fund functions as a Large Cap Fund and holds an AUM of ₹255.89 crore. The fund has an expense ratio of 1.72%. Over a 3-year period, it has demonstrated a CAGR of 20.88%. The minimum investment amount is ₹1,000. The fund primarily invests in well-established large-cap companies.
Union Balanced Advantage Fund is classified as a Balanced Advantage Fund with an AUM of ₹1600.24 crore. The expense ratio for this fund is 0.8%. Over a 3-year duration, it has shown a CAGR of 12.31%. The minimum investment amount is ₹1,000. The fund dynamically allocates assets based on market conditions to achieve a balance between growth and stability.
Union Equity Savings Fund is categorised as an Equity Savings Fund with an AUM of ₹120.84 crore. The fund maintains an expense ratio of 1.31%. Over a 3-year period, it has provided a CAGR of 8.97%. The minimum investment for this fund is ₹1,000. The fund aims to balance equity exposure with fixed income instruments for potential returns.
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