Union Mutual Fund

Union Mutual Fund, the investment wing of Union Bank of India, is one of the key drivers of the asset management sector in India for over a decade. The vision of the company is to provide opportunities to investors so that they can achieve sustainable prosperity by investing responsibly in the capital markets.

They already had access to the extensive client base of Union Bank of India, which they capitalised on extensively.
The AMC was set up in collaboration with KBC Asset Management NV, a Belgium-based AMC.
The partnership ended in 2016 when KBC pulled out of the agreement and Union Bank of India purchased their shares, making Union Mutual Fund their wholly owned subsidy.
Subsequently, in 2017, Dai-ichi Life, a major financial services company from Japan, acquired 39.62% stake at the AMC. Although no changes have been made to the existing structure of the AMC, Dai-ichi would appoint one nominee to its Board of Directors.

About Sponsors

Currently, Union Mutual Fund is jointly sponsored by the Union Bank of India and Dai-ichi Life.
Union Bank of India
Union Bank of India (UBI) is one of the most significant government-owned banks in the country, which will complete a hundred years of existence in 2019. It was inaugurated by none other than Mahatma Gandhi on November 11, 1919.

It was nationalised in 1969 under the Indira Gandhi regime. At the time, they had 240 branches spread across the country.
UBI went on an acquisition spree post its nationalisation. They acquired Belgaum Bank in 1975, Miraj State Bank in 1985 and Sikkim Bank in 1999, after a request from Reserve bank of India.
They also kept expanding their operations and even went international in 2007 when they opened a branch office in Abu Dhabi. Currently, it has branches at three other international locations, Sydney, Antwerp and Hong Kong.
The company was founded in 1902 and has emerged as one of the largest companies in Japan, with estimated total assets of over $347 billion.

Key information

How can you invest in Union Mutual Funds?

Invest in the Union Mutual fund is very easy and simple. You can do it by yourself by just sign up on Welathdirect.in website or you can call us, the best financial advisor in Delhi/NCR. Our consultant helps you in selecting the best fund as per your goals. Finacial consultant will helps you identify the best growing sectors in Indian economy that will lead you to get maximum returns with less risk factors associated. To connect with best financial advisors in India, please follow the steps below :

Step 1: Click on Sign Up link. Fill your information.
Step 2: Our executive will get in touch with to have one meeting on call or physical.
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Top Fund Managers

1. Mr. Vinay Paharia

He started his career as an Equity Research Analyst at First Global Stockbroking Pvt. Ltd. He held the same portfolio at his next 2 companies, K R Choskey Shares and Securities Pvt. Ltd. and DBS Cholamandalam AMC. Immediately before joining Union Mutual Fund, he was associated with Invesco Asset Management (India) Pvt. Ltd., where he worked for over 11 years.
Academically, Mr. Paharia is an MMS in Finance from Welingkar Institute of Management as well as a CFA from Institute of Chartered Financial Analyst of India. His vast experience and business acumen have been an immense addition to the investment team of Union Bank KBC Mutual Fund, where he manages 9 schemes with an aggregated AuM of Rs. 1,793 Crore.

2. Mr. Parijat Agrawal

Mr. Parijat Agrawal is vast experience in this field has made him the go-to person for financial troubleshooting.
Mr. Agrawal has been associated with Union Mutual Fund right from its onset and has worked there for 9 years running. Before that, he was the Head of Fixed Income at SBI Mutual Fund as well as the Head of Treasury at State Bank of Mauritius.
At Union Mutual Fund, Mr. Agrawal oversees the Fixed Income department along with managing 12 schemes worth a total AuM of Rs. 2,009 Crore.

3. Mr. Anshul Mishra

Mr. Anshul Mishra is one of the most dynamic Fund Managers at Union Bank KBC Mutual Fund. With over a decade of experience in the field, he has consistently ensured high returns on all the funds he manages.
Before joining Union, Mr. Mishra was a Fund Manager at IDBI Asset Management Ltd., where he worked for 3 years, ING Mutual Fund, where he worked for 5 years in Equity and Tax Saving Funds. He started his career as a Manager at IDBI Bank.
He manages 9 schemes worth an AuM of Rs. 1031 Crore at Union KBC Mutual Fund.
Mr. Agrawal holds a CFA as well as an MBA degree apart from being a B.E in Mechanical Engineering.

4. Mr. Anindya Sarkar

Mr. Anindya Sarkar is a double MBA in Finance and Risk Management from Savitribai Phule Pune University and St. John’s University- School of Risk Management respectively. He joined as a Vice President in Risk Management, a post that he held for over 8 years, before becoming a Fund Manager. Before he joined Union Mutual Fund, Mr. Sarkar had worked with various firms both in India and abroad. He was a Broker at DVF Ltd and ICAP India Pvt. Ltd, before he joined The Navigators group, Inc. in New York as a Risk Manager.
At Union Mutual Fund, Mr. Sarkar manages 3 funds, the aggregated AuM of which is 346 Crore.

Union Balanced Advantage Fund Growth

Minimum lump sum investment amount for this scheme is ₹NaN.

Union Small Cap Fund Growth

Fund Objective: The investment objective of the scheme is to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities, predominantly of small and midsized companies.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -14.66% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN.

Union Liquid Fund Growth

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.55% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. . This is one of the best Liquid mutual fund in India.