Fund Facts
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Name of Fund:Union Retirement Fund
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Opening:1st September 2022
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Closing:15th September 2022
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Scheme Type:Open Ended Solution Oriented Retirement Fund
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Minimum Investment:Rs. 1000/- and in multiples of Re. 1/- thereafter
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Plan:Regular and Direct
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Options:Growth and IDCW
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Entry Load:Nil
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Exit Road:Nil
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Thereafter:Nil
Fund Stats
The investment objective of the Scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors.
Benchmark:
BSE 500
Fund Manager:
Vinay Paharia, Sanjay Bembalkar
Asset Allocation
Comparable existing schemes
| Nippon India Retirement Fund | 6.36(6M) | 2.50(1Y) |
| Aditya Birla Sun Life Retirement Fund | 6.07(6M) | -1.12(1Y) |
Fund Prognosis
The retirement segment is perhaps the least addressed segment in the MF industry even though it actually makes sense for long term investors to plan their retirement through long term equity investment. And this scheme is planning to tap into this segment.
Fund House AAUM:
Rs. 812249.70 lakhs (as on June 30, 2022)
Fund Manager:
Combined experience of over 20 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
Long term seems boring but it is profitable. Over time, the best performer and the worst performer is unlikely to have a huge percentage gap, even though the absolute difference will be big. But even if the top performance does not come into the scheme, it will make more than other long term assets. And tax efficient too. Go for it.