Union Mutual Fund

About Union AMC 

Union Mutual Fund started out back in 2009. Originally, it operated as Union KBC Mutual Fund, which was a joint venture between Union Bank of India and Belgium’s KBC Asset Management. Things changed in 2016 when Union Bank bought out KBC’s entire share, taking absolute control of the asset management company and renaming it Union Mutual Fund.

Today, Union AMC offers a complete lineup of schemes in the Indian market, including equity, debt, hybrid, and tax-saving ELSS funds. Their main goal is simple: helping retail investors grow their wealth steadily over the long term. On top of that, bringing Japan’s Dai-ichi Life on board gave them access to international financial expertise, making their overall investment strategy much stronger.

Backed by Union Bank of India

Union Mutual Fund gets its strength from two massive financial institutions: Union Bank of India and Japan’s Dai-ichi Life. Since Union Bank is one of India’s biggest public sector banks with thousands of branches nationwide, everyday investors naturally view this AMC as a highly trustworthy, government-backed fund house.

Meanwhile, Dai-ichi Life brings decades of global experience in asset management and insurance across multiple countries. With the combined backing of these two giants, Union AMC is able to offer investors solid fund choices managed by professionals, backed by strict risk controls and a focus on long-term wealth creation.

Key Details of Union AMC

AMC Overview & Company Details

Management, Schemes & AUM Details

Why Invest in a Union Mutual Fund ?

Union Mutual Fund is the asset management company of Union Bank of India, offering investors the facility to invest in various mutual fund schemes.

• Origins as Union KBC Mutual Fund: Initially, this AMC was known as Union KBC Mutual Fund. Subsequently, Union Bank of India acquired the entire stake, and the entity was renamed Union Mutual Fund.
• Backed by Union Bank of India: Union Bank of India ranks among the country’s leading public sector banks. The Bank’s robust network and extensive experience lend a credible and trustworthy identity to this AMC.
• Partnership with Dai-ichi Life: Dai-ichi Life is one of Japan’s major financial services companies. The company’s equity stake provides the AMC with the advantage of global investment expertise.
• A Diverse Range of Mutual Fund Schemes: Union Mutual Fund offers schemes across various categories, including Equity, Debt, Hybrid, and ELSS. The Union Small Cap Fund and Union Flexi Cap Fund are among its flagship schemes.
• Focus on Responsible Investing: The AMC places its primary focus on long-term stable investing and superior portfolio management.

How to Invest in Union Mutual Fund via Pocketful

Investing in Union Mutual Fund through Pocketful is quite simple. If you already have a Pocketful account, you can log in directly and start investing from the Mutual Fund section. However, if you do not have an account, you must first complete the account opening process.

• Open a Pocketful Account: If you do not have a Pocketful account, the first step is to visit the mobile app or web platform to open one. This requires a PAN card, an Aadhaar card, and basic KYC details.
• Log In to the Pocketful App or Web Platform: Once your account is open, log in to the Pocketful mobile app or web app. After logging in, you will see various investment options displayed on the home screen.
• Navigate to the Mutual Fund Section: On the home page, you will find a “Mutual Fund” option. By accessing this section, you can search for various AMCs (Asset Management Companies) and schemes. Schemes from Union Mutual Fund are also available here.
• Select Your Preferred Scheme: Now, select a scheme such as the Union Small Cap Fund, Union Flexi Cap Fund, or any other scheme of your choice. Following this, you can choose between the SIP (Systematic Investment Plan) or Lump Sum investment option.
• Enter the Investment Amount: Enter the specific amount with which you wish to start investing. For an SIP, you need to enter the monthly investment amount, whereas for a Lump Sum investment, you enter a one-time amount.
• Select a Payment Method: Both UPI and Net Banking options are available for making payments on Pocketful. Select a payment method that suits your convenience and complete the transaction.
• Track Your Investment: Once the payment is successfully completed, your investment process begins. You can then easily track your mutual fund investments and portfolio by visiting the Pocketful app or web platform.

Benefits & Risks of Union Mutual Fund

Before investing in Union Mutual Fund, it is essential to understand both its strengths and the associated risks. As with any mutual fund, returns and market risks go hand in hand here.

Benefits of Union Mutual Fund

• Backed by a Strong PSU Bank: Union Mutual Fund enjoys the backing of Union Bank of India, one of the country’s major public sector banks. Consequently, many investors view this AMC with a high degree of trust.
• Wide variety of fund choices: The AMC offers plenty of options across equity, debt, hybrid, and ELSS categories. This makes it easy for investors to pick funds that perfectly match their exact financial goals and timelines. 
• Facility for Both SIP and Lump Sum Investments: One can initiate a Systematic Investment Plan (SIP) in Union Mutual Fund with a modest amount. Additionally, investors have the option to make a one-time lump sum investment if they prefer.
• Advantage of Experienced Fund Management: The AMC is supported by institutions such as Union Bank of India and Dai-ichi Life. This provides a robust foundation for its fund management and investment processes.
• Focus on Long-Term Investment: Union AMC India operates on a long-term investment approach. The AMC places a strong emphasis on disciplined investing and superior portfolio management.

Risks Associated with Union Mutual Fund

• Returns drop when the market falls: Since these schemes are tied to the market, any market crash or downturn will directly lower the value of your investment.
• Small-cap funds fluctuate a lot: Schemes like the Union Small Cap Fund can give great returns, but they are also highly volatile and carry much bigger risks.
• Nothing is guaranteed: Unlike fixed deposits, mutual fund returns are never fixed. The final payout depends entirely on how the market performs.
• Short-term investing adds more risk: Equity funds work best when you stay invested for the long run. If you pull your money out too quickly, you might end up facing losses due to sudden market shifts.
• Every scheme is different: Debt, hybrid, and equity funds don’t carry the same risk. Always look at a specific fund’s goals and risk profile before putting in your money.

Frequently Asked Questions (FAQs)