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Union Mutual Fund

Union Mutual Fund, the investment arm of Union Bank of India, has been a significant player in India's asset management sector for over a decade. Established in December 2009, the AMC aimed to build a robust asset management portfolio in India. Leveraging the extensive client base of Union Bank of India, the AMC capitalized on its established network. It initially operated in collaboration with KBC Asset Management NV, a Belgium-based AMC, under the name Union KBC Mutual Fund, where Union Bank maintained the majority stake of 51%, and with KBC holding a 49% share.

The partnership concluded in 2016 as KBC withdrew from the agreement, leading to Union Bank of India acquiring their shares, thus making Union Mutual Fund its wholly-owned subsidiary. In 2017, Dai-ichi Life, a prominent Japanese financial services company, acquired a 39.62% stake in the AMC.

As of December 2023, the fund house reported assets under management (AUM) averaging Rs. 13,594 crores.

Union Mutual Fund snapshot

Inception dateMarch 23, 2011
Sponsor (s)Dai-ichi Life Holdings, Inc. & Union Bank of India
Chief Executive OfficerMr. G. Pradeepkumar
Chief Investment OfficerMr. Harshad Patwardhan
No. of Schemes23
Average AUM (Rs. in Crores)14807.73

As on February 2024

List of Union Mutual Fund’s top performing schemes
Fund Name
AUM(in Cr)

Returns

₹1285.94
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₹976.86
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₹199.62
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₹1863.80
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₹619.57
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₹280.61
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₹380.03
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₹567.30
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₹749.36
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Fund Name
AUM(in Cr)

Returns

₹2739.96
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₹160.11
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₹121.67
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₹451.98
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₹113.93
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₹133.72
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₹170.21
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Fund Name
AUM(in Cr)

Returns

₹584.14
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₹1643.60
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₹121.31
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₹129.56
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₹109.33
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Fund Name
AUM(in Cr)

Returns

₹789.29
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How to invest in Union Mutual Fund

There’s an effortless way to invest in Union Mutual Fund, and it is through the Kotak Neo app. Designed keeping the needs of investors like you in mind, using the Kotak Neo app is as easy as ABC.

Simply follow these steps to invest:

  1. Login with your credentials (mobile number/PAN/QR code)
  2. Click on Invest and select ‘Mutual Funds’ from other investments
  3. Select the fund of your choice and begin investing

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