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Union Mutual Funds

Union Mutual Funds

About This AMC

Union Mutual Fund was established on December 30, 2009 as a Trust sponsored by Dai-ichi Life Holdings, Inc. and Union Bank of India. It was in March 2011 when Union Asset Management Company Private Limited, got a green signal from SEBI to commence its mutual fund business and operations as Union Mutual Fund.

Union Mutual Fund began as a collaboration with Belgium-based KBC Asset Management NV, initially known as Union KBC Mutual Fund. Union Bank of India held the majority stake, while KBC controlled 49%. 

In 2016, Union Bank of India became the sole owner after purchasing KBC's shares. Subsequently, in 2017, Japanese financial giant Dai-ichi Life acquired a significant 39.62% stake in the AMC.

Currently, Mr. Madhukumar Nair is the Managing Director & CEO of Union Mutual Fund. Mr. Harshad Patwardhan is the CIO (Chief Investment Officer) of Union Mutual Fund.

Union Mutual Fund offers 24 schemes across different categories and has an AUM of ₹17,141 crore.

As of April 2024

Schemes

24

AUM

₹17,553 Cr

AUM growth

₹412 Cr

Fund managers

10

Explore Union Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
Union Midcap Fund Direct Growth
Union Midcap Fund Direct Growth

Mid-Cap Very High Risk

₹1,139 Cr0.67%47.9%26.3%
Union Small Cap Fund Direct Growth
Union Small Cap Fund Direct Growth

Small-Cap Very High Risk

₹3,964 Cr0.92%46.4%25.3%
Union Value Discovery Fund Direct Growth
₹237 Cr1.37%46.6%23.0%
Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct Growth

Large & Mid-Cap Very High Risk

₹735 Cr0.94%38.9%22.1%
Union Tax Saver (ELSS) Fund Direct Growth
Union Tax Saver (ELSS) Fund Direct Growth

ELSS (Tax Savings) Very High Risk

₹875 Cr1.53%35.7%20.7%
Union Flexi Cap Fund Direct Growth
Union Flexi Cap Fund Direct Growth

Flexi Cap Very High Risk

₹2,051 Cr0.95%37.9%20.3%
Union Focused Fund Direct Growth
Union Focused Fund Direct Growth

Focused Fund Very High Risk

₹402 Cr1.57%31.4%17.9%
Union Largecap Fund Direct Growth
Union Largecap Fund Direct Growth

Large-Cap Very High Risk

₹335 Cr1.81%33.5%17.4%
Union Hybrid Equity Fund Direct Growth
Union Hybrid Equity Fund Direct Growth

Aggressive Allocation Very High Risk

₹594 Cr1.42%28.7%15.6%
Union Balanced Advantage Fund Direct Growth
Union Balanced Advantage Fund Direct Growth

Dynamic Asset Allocation Very High Risk

₹1,601 Cr1.19%20.4%11.2%
View all Union Mutual Funds

Top Union Fund Managers

HB

Hardick Bora

₹13,581 Cr

AUM

16

Schemes

SB

Sanjay Bembalkar

₹13,581 Cr

AUM

16

Schemes

₹6,379 Cr

AUM

10

Schemes

₹3,600 Cr

AUM

6

Schemes

₹256 Cr

AUM

1

Schemes

₹793 Cr

AUM

4

Schemes

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All about Union Mutual Funds

Key Information

Mutual Fund NameUnion Mutual Fund
Asset Management Company NameUnion Asset Management Company Private Limited
AMC Setup DateMarch 23, 2011
AMC Incorporation DateDecember 30, 2009
Sponsor NameDai-ichi Life Holdings, Inc., Union Bank of India
Name Of Trustees

Mr. Kurian Peter Arattukulam - Director

Mr. Pushpangadan Mangari - Director

Mr. Santanu Kumar Dash - Director

Mr. Sharad Sharma - Director

Mrs. Padmini Gopinath - Director

CIOMr. Harshad Patwardhan
MD And CEOMr. Madhukumar Nair
Compliance OfficerMs. Akshata Shenoy
Investor Service OfficerMs. Leena Johnson
Updated As OfApril 2024