Union Asset Management Company Private Limited (Union AMC) announces the launch of Union Large & Midcap Fund.

• Union Large and Midcap Fund formidable combination of strength and growth
• The scheme will invest in a combination of blue-chip and emerging blue-chips companies
• Flexibility to invest in both   large-cap and mid-cap stocks
• Robust new investment process to offer superior risk-adjusted returns
• Active portfolio management strategy with tactical asset allocation

The minimum investment amount is Rs 5,000 and in multiples of Rs 1 thereafter 16 November 2019: Union Asset Management Company, a subsidiary of Union Bank of India and Dai-ichi Life Holdings, Inc. of Japan, announces the launch of Union Large and Midcap Fund. The Scheme is an open-ended equity scheme investing in both large cap and mid cap stocks.

The New Fund Offer (NFO) opens on 15 th November 2019 and closes on 29^th November 2019. The allotment would be on 6 th December 2019 and it will re-open for continuous sale and repurchase on 13th December 2019. The Scheme is benchmarked against S&P BSE 250 Large MidCap Index $ (TRI) and will be managed by Mr. Vinay Paharia, Chief Investment Officer, Union AMC. The minimum investment required is Rs 5,000 and in multiples of Rs 1 thereafter.

The Scheme will predominantly invest in equity and equity related instruments of large and mid cap companies. It will be managed by following an active management strategy coupled with tactical allocation.

Mr. G. Pradeepkumar, Chief Executive Officer (CEO), Union Asset Management Company Private Limited, said “We believe that the Indian equity markets are fairly valued now. Several measures taken by the Government to make India a $5 trillion economy by year 2025 augurs well for the equity markets in general. This product offering is in line with our long term plan of making Union AMC a one stop shop for investors with varied investment requirements. Our research says that one of the biggest beneficiaries of this Gross Domestic Product growth could be bluechip and emerging bluechip companies. Hence, it makes sense for investors to be part of such an investment strategy”