All You Need to Know About Union Short Duration Fund

Union Mutual Fund has filed the scheme information deed (SID) to launch the Union Short Duration Fund. It is an open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 Year to 3 Years. 

Investment Objective

Union Short Duration Fund is an actively managed Scheme with an investment objective to provide reasonable returns and liquidity by investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns. There is no assurance that the investment objective of the Scheme will be achieved.

Fund Managers

Mr Anindya Sarkar:  Mr Anindya Sarkar possesses over 21 years of experience in the Financial Services Sector.  He is a BE Civil, MBA (Finance), MBA (Risk & Insurance), and FRM. He previously managed the Union Corporate Bond Fund, Union Gilt Fund, Union Medium Duration Fund, Union Fixed Maturity Plan (FMP) – Series 13 (1114 days) and Union Multi Asset Allocation Fund.

Mr Shrenuj Parekh: Mr Shrenuj Parekh has an experience of 11 years in the field of Finance. He is a Chartered Accountant and B.Com. He previously managed the Union Corporate Bond Fund.

Investment Stratagies

The Union Short Duration Fund will employ an active investment strategy to manage the fund’s assets in line with its defined asset allocation. The objective of the scheme is to identify securities that provide an optimal balance of yield and return while considering the risk-reward trade-off. To achieve this, the fund will maintain a strategic mix of debt and money market instruments. The portfolio will be managed with a focus on maintaining a Macaulay Duration between 1 and 3 years, ensuring a short-duration exposure while aiming for stable returns.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.