Union Mutual Fund
Over the past decade, Union Asset Management Co. Pvt. Ltd. established in 2009, has evolved itself as a prominent participant in India's asset management industry, operating as an investment arm of the Union Bank of India.
It was established with a mission to help investors create wealth over the long term, enhance their living standards and help them to achieve financial independence. The total Union Mutual Fund AUM (asset under management) stood at Rs. 13,602 crores as of December 2023.
Moreover, About 25 mutual fund schemes are available from Union Mutual Fund, including 11 equity schemes, 8 debt schemes, 4 hybrid schemes, and 2 Solution Oriented schemes.
Best Union Mutual Funds
Fund Name | AUM | 1 Yr Return | Exp. Ratio | |
|---|---|---|---|---|
 Union Midcap Fund Direct Growth | ₹1313 Cr | 2.35% | 0.71% | Invest |
Union Value Fund Direct Growth | ₹292 Cr | 1.42% | 1.10% | Invest |
Union Large & Midcap Fund Direct Growth | ₹19353 Cr | 0.42% | 1.07% | Invest |
Union Small Cap Fund Direct Growth | ₹5885 Cr | -1.61% | 1.07% | Invest |
Union Flexi Cap Fund Direct Growth Option | ₹2159 Cr | -0.32% | 1.02% | Invest |
Union ELSS Tax Saver Fund Direct Plan Growth Option | ₹860 Cr | -1.09% | 1.46% | Invest |
Union Largecap Fund Direct Growth | ₹432 Cr | -2.83% | 1.36% | Invest |
Union Focused Fund Direct Growth | ₹389 Cr | -2.30% | 1.41% | Invest |
Union Multicap Fund Direct Growth | ₹1042 Cr | 1.28% | 0.97% | Invest |
Union Innovation & Opportunities Fund Direct Growth | ₹854 Cr | 4.99% | 0.87% | Invest |
Union Active Momentum Fund Direct Growth | ₹404 Cr | 0.00% | 1.18% | Invest |
Union Business Cycle Fund Direct Growth | ₹550 Cr | -1.74% | 0.74% | Invest |
List of Union Asset Management Co. Pvt. Ltd. Fund Managers
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Key information about Union Mutual Fund
Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059
(022) 6748 3300
A Wing, Ground Floor, 27 Statesman House, 148 Barakhamba Road, New Delhi – 110001
Call: 18002002268 / 18005722268
Email: investorcare@unionmf.com
Compare Union Mutual Fund with other AMCs
AMC | AUM(in Cr) | AUM change (1M) | AUM Rank | |
|---|---|---|---|---|
 Zerodha | ₹914.6 Cr | - ₹37.4 Cr | 3/45 | Invest |
 ICICI | ₹8L Cr | - ₹33.5K Cr | 4/45 | Invest |
 SBI | ₹7.4L Cr | - ₹25.7K Cr | 5/45 | Invest |
 HDFC | ₹7.6L Cr | - ₹41.8K Cr | 6/45 | Invest |
 Kotak | ₹4.6L Cr | - ₹23.1K Cr | 7/45 | Invest |
 Nippon | ₹3.9L Cr | - ₹23.4K Cr | 8/45 | Invest |
 Aditya Birla Sun Life | ₹3.7L Cr | - ₹7.6K Cr | 9/45 | Invest |
 Axis | ₹3.1L Cr | - ₹14K Cr | 10/45 | Invest |
How to Start Investing with Union Mutual Fund with INDmoney?
After you have understood the details about Union Mutual Fund, it is time for you to start your investment process with INDmoney. Below are some simple steps to follow to start your mutual fund's investment journey with us.
Step 1: Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2: Once your Free investment account is ready, you can either search for Union Mutual Fund or go to the mutual fund section.
Step 3: Choose any Union Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4: You can choose to set up SIP in any Union Mutual Fund or even invest as a lump sum. Once you are on the individual Union Mutual Fund page, click on "One-time" for lump sum investment or "SIP" for a systematic investment plan.
Step 5: Choose the amount that you want to invest as SIP or LumpSum.
Step 6: Set up payments. If you choose to set up SIP in any Union Mutual Fund, you can do a free automatic pay set-up via bank mandate or UPI. If you choose to invest in a lump sum (one-time) then you can pay via UPI, net banking, NEFT or RTGS.
Frequently asked questions
How to Start Investing in Union Mutual Fund SIP Online?
You can start investing in Union Mutual Fund SIP online through INDmoney by simply signing up from an app or website. Once you have completed your KYC you can select a mutual fund scheme and start investing in SIP.
Who are the sponsors of the Union Mutual Fund?
There are two sponsors of Union Mutual Fund which are Union Bank of India and Dai-ichi Life Holdings, Inc.
How to withdraw a Union Mutual Fund?
Similar to investing you can withdraw your Union mutual fund online from the INDmoney application or website. Simply you will have to visit your investment dashboard and select the mutual fund you want to redeem. However, you can also withdraw offline by physically visiting your nearest Union Mutual Fund branch office and submitting your redemption request.
How can I stop a SIP in a Union Mutual Fund?
You have the option to halt or stop your SIP online at any point in time by submitting a Cancel SIP request. This can be done either by logging into the INDmoney app or the Union Mutual Funds website using your folio number.
How do you decide on which can be the best union mutual fund for our investment portfolio?
There are several parameters to determine whether a scheme is perfect for you or not. Some of these can be your investment objective, your investment time horizon, risk appetite, fund performance, expense ratio etc. Select the one which aligns with all your requirements to make an informed decision.
How to calculate how much SIP to make to achieve a certain future value after a certain period?
You can simply figure out the amount of SIP, for that you will have to visit the INDmoney SIP calculator page. Then select the option called "I know my goal amount" and some of the basic details like your goal amount, period, and expected rate of return. Now the calculator will instantly show you the amount of SIP you will require to achieve the goal amount.
What is the minimum required amount to start a Union Mutual Fund SIP?
You can start a Union Mutual Fund SIP with an amount as low as Rs. 500.
Are Union Mutual Funds tax-free?
Please note that not all Union Mutual Funds can provide tax benefits, you can avail tax benefits only for the ELSS scheme offered by Union Mutual Fund under section 80C of the Income Act.