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04-May2018

Union Mutual Fund introduces Corporate Bond Fund

Union Mutual Fund launched the Union Corporate Bond Fund, an open ended debt scheme. The NFO opens for subscription on May 04, 2018 and closes on May 18, 2018. Entry load will be nil and exit load will be 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units, 0.50% if redeemed or switched out after completion of 1 year but before completing 2 years from the date of allotment of units, 0.25% if redeemed or switched out after completion of 2 years but before completing 3 years from the date of allotment of units, and nil if redeemed or switched out after completion of 3 years. The minimum subscription amount is Rs 5000.

The scheme's performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Parijat Agrawal.

The investment objective of the scheme is to achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities.


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