Union Mutual Fund

About Union Mutual Funds

With a vision to be the most reliable and trusted partner to investors and distributors through responsible investing, Union Mutual Funds was started on December 30, 2009. Union Mutual Funds, the investment wing of Union Bank, had access to the bank’s enormous client base. Union KBC Mutual Fund began as a collaboration of KBC Asset Management NV, a Belgium-based AMC and later went through a few changes and subsequently led to an alliance with Dai-Chi Life, a major financial services company from Japan, in 2017. The Union Bank of India and Dai-ichi Life are the current sponsors of The Union Mutual Fund. As of March 2023, Union AMC operates four different categories like Equity, Debt, Hybrid, and Solution Oriented, that offer 21 investment schemes in both regular and direct plans. Popularly known as Union Bank or UBI, Union Bank of India is an Indian public sector bank which is headquartered in Mumbai. It has about 120+ million customers as of March 31, 2023. Effective April 2022, it merged with Corporation Bank and Andhra Bank, and the unified merged entity became one of the largest PSU banks in terms of branch network with around 8,500+ branches. It is one of India's few public sector banks to have successfully implemented 100% networking of its branches. Dai-ichi Life Holdings, Inc. is a stock company with limited liability, incorporated in Japan in the year 1902 and listed on the Tokyo Stock Exchange. Dai-ichi Life is a financial services holding company that carries out both insurance and non-insurance, including asset management businesses through its subsidiaries and associate companies. Dai-ichi Life operates its asset management business overseas through its group company, Asset Management One Co. Ltd., a global asset management company that serves its customers with high-quality products and services.

Union Mutual Fund Key Information

How to Invest in Union Mutual Fund via Angel One?

Investing in Union Mutual Funds, or any mutual fund for that matter, is an easy and hassle-free process when done through your Angel One account. Just take the following steps: Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN. Note: In case you do not have an account with Angel One, you can open a Demat account with us in under a few minutes by submitting the necessary documents. Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:

1. Search for the fund you want to invest in from funds listed by Angel across categories.
2. Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.

You may consider the fund’s expense ratio to get an idea about the cost of investing in it. Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.

1. Decide whether you want to invest in a lump sum or via monthly SIP.
2. Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
3. After placing the order, in the case of the SIP route of investment, you can create a mandate to make hassle-free future installments.

You can learn more about the details of each fund from within the Angel One app itself.

Documents Required To Invest in Union Mutual Fund

Investing in Union Mutual Funds through Angel One is a streamlined and fully digital process, ensuring a seamless investment experience. To initiate your investment journey, it is imperative to complete the KYC process, for which you'll need to furnish the following essential documents:

1. PAN Card Details (Compulsory)
2. Personal Information, including Full Name, Mobile Number, and Email Address
3. Address Proof, with Aadhar Card being the recommended choice, encompassing both its front and back sides.
4. Bank Account Details, along with a cancelled cheque, if requested.
5. Nominee details and FATCA Declarations

Angel One simplifies the KYC verification process, granting you swift and efficient access to Union Mutual Funds, whether you're a new or returning investor. Our user-friendly platform is designed to make your financial goals attainable. You can anticipate your KYC verification to be finalized in just 48-72 business hours, paving the way for you to embark on your mutual fund journey.

Top 10 Union Mutual Funds To Invest in

Note: The data is as of February 2026, with funds ranked by the highest 3-year CAGR among Union Mutual Fund schemes.

Union Midcap Fund

The Union Midcap Fund is an open-ended equity scheme aiming for long-term capital appreciation by investing predominantly in equity and equity-related securities of mid‑cap companies. Managed by Gaurav Chopra and Pratik Dharmshi, the fund follows a research-driven approach to identify mid-cap opportunities. 

Its benchmark is the BSE 150 MidCap Index (TRI), representing the mid-cap segment of the Indian equity market. An exit load of 1% applies if units are redeemed within 15 days of allotment; nil thereafter.

Union Small Cap Fund

The Union Small Cap Fund is an open-ended equity scheme focused on achieving long-term capital appreciation by investing predominantly in equity and equity-related securities of small‑cap companies. Managed by Pratik Dharmshi and Gaurav Chopra, the fund targets early‑stage and high‑growth companies across the small‑cap universe. 

It is benchmarked against the BSE 250 SmallCap Index (TRI). An exit load of 1% is levied if units are redeemed within 15 days.

Union Multicap Fund

The Union Multicap Fund seeks long-term capital appreciation by investing across large, mid, and small‑cap companies, offering diversified exposure across market capitalisation segments. Managed by Harshad Patwardhan and Sanjay Bembalkar, the scheme follows a disciplined multi‑cap allocation.

The fund is benchmarked to the Nifty 500 Multicap 50:25:25 TRI. It applies an exit load of 1% if redeemed within 15 days.

Union Retirement Fund

The Union Retirement Fund is an open-ended retirement solution-oriented scheme designed to provide long-term capital appreciation through a mix of equity, equity‑related instruments, and debt, as per its defined asset allocation. Managed by Pratik Dharmshi and Pratit Vajani, the scheme maintains a diversified portfolio aimed at long-term wealth creation for retirement. 

Its benchmark is the BSE 500 Index (TRI), reflecting a broad-based equity universe. There is no exit load applicable.

Union Value Fund

The Union Value Fund aims to generate long‑term capital appreciation by investing predominantly in undervalued equities trading below intrinsic value, following a value‑oriented strategy. Managed by Vinod Malviya and Gaurav Chopra, the fund identifies bargain opportunities across market segments. 

Its benchmark is the BSE 500 TRI. The fund imposes an exit load of 1% if units are redeemed within 15 days.

Union Large & Midcap Fund

The Union Large & Midcap Fund seeks capital appreciation by investing predominantly in equity and equity‑linked instruments of large‑cap and mid‑cap companies. Managed by Vinod Malviya and Pratik Dharmshi, the fund blends stability from large caps with growth potential from mid-caps.

It is benchmarked against the Nifty LargeMidcap 250 Index (TRI). An exit load of 1% is charged if redeemed within 15 days.

Union Flexi Cap Fund

The Union Flexi Cap Fund aims for long-term capital appreciation by investing across market capitalisations, offering full flexibility between large, mid, and small‑cap segments. Managed by Sanjay Bembalkar and Vinod Malviya, the scheme dynamically adjusts allocations based on market opportunities. 

Its benchmark is the BSE 500 TRI. An exit load of 1% applies if redeemed within 15 days.

Union ELSS Tax Saver Fund

The Union ELSS Tax Saver Fund is an equity-linked savings scheme offering long-term capital appreciation along with tax benefits under Section 80C, with a 3‑year lock‑in. Managed by Vinod Malviya and Sanjay Bembalkar, the fund invests substantially in diversified equity holdings.

Its benchmark is the BSE 500 Index (TRI). There is no exit load applicable, consistent with ELSS norms.

Union Aggressive Hybrid Fund

The Union Aggressive Hybrid Fund seeks long-term capital growth by investing 65–80% in equities and the remaining in debt and money market instruments, providing a balanced yet growth‑tilted allocation. Managed by Parijat Agrawal, Sanjay Bembalkar, and Vinod Malviya, the scheme blends equity upside with fixed‑income stability.

Its benchmark is the CRISIL Hybrid 35+65 Aggressive Index. An exit load of 1% is charged if redeemed within 15 days.

Union Largecap Fund

The Union Largecap Fund aims for long-term capital appreciation by investing predominantly in select large‑cap companies with strong fundamentals and leadership positions. Managed by Pratik Dharmshi and Sanjay Bembalkar, the scheme follows a disciplined large‑cap investment strategy.

It is benchmarked to the BSE 100 TRI, capturing India’s top 100 companies. An exit load of 1% applies if redeemed within 15 days.