Union Asset Management Company Private Limited (Union AMC) announces the launch of Union Hybrid Equity Fund.

Union AMC announces the launch of Union Hybrid Equity Fund (“the Scheme”). It is an open-ended hybrid scheme investing predominantly in equity and equity related instruments.  The scheme will invest minimum 65% in equity and maximum 35% in debt*. The New Fund Offer (NFO) of the Scheme opens on 27^th November 2020 and closes on 11^th December 2020. The allotment would be on 18^th December 2020 and it will re-open for continuous sale and repurchase on 28^th December 2020.

The Scheme is benchmarked against CRISIL Hybrid 35+65 Aggressive Index (TRI)^ # and will be managed by Mr. Vinay Paharia, Mr. Parijat Agrawal and Mr. Hardick Bora. The minimum investment required is Rs 5,000 and in multiples of Re 1 thereafter.

Mr. G. Pradeepkumar, Chief Executive Officer (CEO), Union Asset Management Company Private Limited, said “Among other things, prudent asset allocation forms the bedrock of a successful investment outcome. Different asset classes do not generally move in tandem and hence taking exposure to Union Hybrid Equity Fund which inherently offers a combination of equity and debt can be a good choice for investors looking for a balanced approach to asset allocation. This scheme shall endeavour to maintain a judicious mix of equity and debt within the overall limits allowed for this category. All investment decisions in this scheme portfolio will be guided by our strong investment process”