Union Mutual Fund has launched the Union Focussed Largecap Fund, an open ended growth scheme. The NFO opens for subscription on April 20, 2017 and closes on April 28, 2017. Entry load will be nil and exit load will be 1% if units are redeemed / switched out within 1 year from the date of allotment and Nil thereafter applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The scheme's performance will be benchmarked against S&P BSE 100 Index and its fund manager is Ashish Ranawade.
The investment objective of the scheme is to generate capital appreciation by investing in a portfolio of select equity and equity linked securities of large cap companies.