Daily SIP Rs 100: Union Active Momentum Fund

The New Fund Offer closes on 2024 December 12.

Union Mutual Fund has launched Union Active Momentum Fund, an open-ended quant scheme.

The fund will use a quantitative model based on momentum factor to pick stocks. Momentum strategy captures stocks based on their price movements.

However, the fund will be actively managed with a fund manager to step in during exceptional circumstances and rebalance every quarter.

Union MF Our promoter group Daiichi Holdings has a wholly owned subsidiary Vertex Investment Solutions reflecting the growing interest in rule based active investing. Union Active Momentum Fund marks Union MF inaugural foray into this exciting world of factor-based investing. It is bullish on this category and believes smart beta strategies like active momentum will have a larger role to play in Indian equity markets.

Investor sentiment is one of the guiding forces behind stock price movements. Momentum Investing is a rule-based approach with the goal to work with volatility, buy what is rising and sell when they start losing.

Momentum arises from how investors act on information, driving stock prices up and creating momentum, and vice versa

NFO Details:

Name of the Scheme	Union Active Momentum Fund
NFO Period	Closing Date: December 12, 2024
Allotment	December 19, 2024
First NAV and Reopening om	Within 5 Business Days of Allotment
Subscription Details	Lump sum: Rs.1,000 and in multiples of Rs. 1 thereafter SIP Frequency: Daily Rs 100- and in multiples of 1/- thereafter. Weekly- Rs. 500 and in multiples of Rs. 1/- thereafter Monthly - Rs 500/- and in multiples of Rs.1/- thereafter Fortnightly- Rs 500 and in multiples of Rs. 1 thereafter
Minimum SIP Period	6 Days (Daily), 6 weeks (Weekly), 6 months (Monthly) and 6 Fortnights (Fortnightly)
Default SIP Dates	Daily (i.e., Business Days), Weekly- Wednesday, Fortnightly- 1st and 15th of the month, Monthly- 8th of the month
Scheme Options	Growth Option (Default option) Dividend: Reinvestment / Pay-out /Dividend Sweep Option
Plan	Regular Plan – Purchase through a Distributor
Redemption Details & Load /Charges	Entry - Nil, Exit Load - 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.
Who can invest	Resident Individual, NRIs/PIOs, Minor through parent / legal guardian, Proprietorship in the name of the sole proprietor, Company, Society, Partnership Firm, LLPs, Investment Through POA, Banks, Trusts, FII's, FPIs, HUF, AOP & BOI, Demat Holders
Pay-in instrument to be drawn in	Union Active Momentum Fund
Mode of Payment by Investors	Through RTGS/ Direct Credit/NEFT/ UPI, Cheques and Debit Mandate Cheque should be payable at CAMS locations where the applications are forwarded/submitted. Date of instrument should be on or before December 12, 2024. Fund Transfer is allowed only till December 12, 2024.
Switch during NFO period	Switch from all open-ended schemes of Union Mutual Fund. The switch request should be submitted at any of the CAMS or AMC OPA before 3 pm till December 12, 2024
Options to hold units	Physical and Demat options available.
Lien	Lien can be marked against the units after December 19, 2024
Fund Managers	Mr. Sanjay Bembalkar (Co-Head Equity) Mr. Gaurav Chopra (Fund Manager)

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes.

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