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Union Debt Mutual Funds

Union Debt 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

₹18,145 Cr

AUM growth

₹592 Cr

Fund managers

10

Explore Union Debt Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
Union Liquid Direct Growth
Union Liquid Direct Growth

Liquid Low to Moderate Risk

₹3,045 Cr0.07%7.4%5.8%
Union Overnight Fund Direct Growth
₹176 Cr0.07%6.8%5.4%
Union Corporate Bond Fund Direct Growth
Union Corporate Bond Fund Direct Growth

Corporate Bond Moderate Risk

₹404 Cr0.38%6.8%4.9%
Union Medium Duration Fund Direct Growth
Union Medium Duration Fund Direct Growth

Medium Duration Moderate Risk

₹229 Cr0.64%6.5%4.6%
Union Dynamic Bond Fund Direct Growth
Union Dynamic Bond Fund Direct Growth

Dynamic Bond Moderate Risk

₹112 Cr1.24%6.6%4.2%
Union Gilt Fund Direct Growth
Union Gilt Fund Direct Growth

Government Bond Moderate Risk

₹132 Cr0.7%7.5%%
Union Money Market Fund Direct Growth
Union Money Market Fund Direct Growth

Money Market Low to Moderate Risk

₹181 Cr0.27%7.2%%
View all Union Debt Mutual Funds

Top Union Debt Fund Managers

HB

Hardick Bora

₹13,922 Cr

AUM

15

Schemes

SB

Sanjay Bembalkar

₹12,383 Cr

AUM

14

Schemes

₹6,338 Cr

AUM

10

Schemes

₹3,577 Cr

AUM

6

Schemes

₹227 Cr

AUM

1

Schemes

₹761 Cr

AUM

4

Schemes

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All about Union Debt 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