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AssetPlus NFO Review: Union Retirement Fund

Updated: May 17, 2023

Union AMC has launched an NFO, which is now open for subscription from September 1st, 2022, and closes on September 15th, 2022.

Union Retirement Fund

Union Retirement Fund

Investment Objective: To generate wealth over the long term, suitable for investors having a moderate risk appetite who are comfortable with volatility in the medium term.

Fund Manager: Vinay Paharia and Sanjay Bembalkar

Benchmark: S&P BSE 500 TRI

Features of Union Retirement Fund:

  1. Mandatory Lock in 5 years or till retirement age(60), whichever is earlier.

  2. More than 65% of the fund's investments will be in Equity.

  3. Moderate to Aggressive style of investing to combat and beat inflation.

  4. A targeted investment approach to build a separate corpus for retirement.

  5. No TDS, taxed based on Long Term Capital Gains on Equity.

Suitability of Union Retirement Fund:

  1. Investors with moderate risk appetite and balanced levels of risk capacity.

  2. Purely for the long term with no intermittent or immediate requirements.

  3. Goal of having a vital source of income after retirement.

  4. Committing investments towards retirement with no mixing of other goals.

  5. Capital Appreciation approach makes it favorable to build a healthy sum over a longer time frame.

  6. To maintain or improve the standard of living post-retirement.

Retirement Funds are an interesting breed of equity mutual funds. It has a mandatory lock-in period to ensure investors do not lose track of their primary goal. However, at the same time, it serves the purpose of wealth accumulation by compounding over a longer time frame.

It is of utmost importance to read the Union Retirement Fund scheme documents fully before investing. Get in touch with your financial expert to know more about Union Retirement Fund.

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