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Union Mutual Fund

AUM
₹25,989.03 cr.
No. of Schemes
94
AMC Age
16Yrs
Union Mutual Funds was started with a vision to be the most reliable and trusted partner to investors and distributors through responsible investing. Union Mutual Funds was started with a vision to be the most reliable and trusted partner to investors and distributors through responsible investing. They have had access to Union Bank’s enormous client base. The AMC offers a variety of equity, debt, hybrid, and solution-oriented funds.Read More

List of Top Union Mutual Fund Schemes

Fund Name
NAV
Expenses Ratio
1y Return
3Y Returns
Risk
Fund Size (in Cr)

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

Founding date December 30, 2009
AMC Incorporation date March 23, 2011
Headquarters in Mumbai
Name of the sponsors Union Bank of India and Dai-Chi Life Holdings, Inc.
Trustee Organisation Union Trustee Company Private Limited
MD and CEO Mr. Madhukumar Nair
Chief Investment Officer Mr. Harshad Patwardhan
Compliance Officer Ms. Richa Parasrampuria

Union Mutual Fund Managers

SB

Sanjay Bembalkar

Fund Manager since Jul 2024 (2 years)

PA

Parijat Agrawal

Fund Manager since Aug 2023 (3 years)

DT

Devesh Thacker

Fund Manager since Aug 2023 (3 years)

VT

Vishal Thakker

Fund Manager since Aug 2023 (3 years)

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

Schemes Category AUM (in ₹ Cr) 3-Yr Returns  (%) 1-Yr Return (%)
Union Midcap Fund  Mid Cap Fund 1,301.20 16.33 4.93
Union Value Fund  Value Fund 288.7 15.63 1.58
Union Small Cap Fund  Small Cap Fund 1,492.65 14.52 -2.95
Union Value Fund  Value Fund 288.7 14.48 0.44
Union Large and Mid Cap Fund  Large and Mid Cap Fund 805.4 13.21 3.54
Union ELSS Tax Saver Fund  ELSS 863.07 13 2.3
Union Flexi Cap Fund  Flexi Cap Fund 2,160.03 12.68 1.75
Union ELSS Tax Saver Fund  ELSS 863.07 12 1.39
Union Flexi Cap Fund Flexi Cap Fund 2,160.03 11.36 0.57
Union Aggressive Hybrid Fund  Hybrid Fund 611.21 10.78 4.14
Note: All data is as of February 19, 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) among Union Mutual Funds over the past 3 years.

  • Union Midcap Fund 

A mid-cap fund with high growth potential, this scheme carries a very high risk. It has an expense ratio of 0.81%, making it cost-effective. Over 3 years, it has delivered a strong CAGR of 16.33%, while the 1-year return stands at 4.93%. With an AUM of ₹1,301.20 crore, it can be suitable for investors seeking long-term capital appreciation from mid-sized companies.

  • Union Value Fund 

A value fund that focuses on undervalued stocks, this scheme carries a very high risk. With an expense ratio of 1.32%, it remains relatively cost-efficient. The fund has provided a 15.63% CAGR over 3 years and a 1.58% return in one year. With an AUM of ₹288.7 crore, it is mostly ideal for investors looking to benefit from long-term value investing strategies.

  • Union Small Cap Fund 

A very high-risk small-cap fund, this scheme focuses on emerging companies with strong growth potential. It has a reasonable expense ratio of 1.04%. Over 3 years, it has delivered a 14.52% CAGR, though its 1-year return is negative at -2.95%. With an AUM of ₹1,492.65 crore, it can be well suited for investors with a high-risk appetite and a long-term investment horizon.

  • Union Value Fund 

This value fund follows a strategy of investing in undervalued companies with long-term growth potential. It has a relatively high expense ratio of 2.49%, which may impact overall returns. The fund has delivered a 14.48% CAGR over 3 years, with a modest 1-year return of 0.44%. With an AUM of ₹288.7 crore, it might be suitable for investors looking for value-driven stock opportunities.

  • Union Large and Mid Cap Fund 

This large and mid-cap fund offers a balanced approach by investing in established large-cap stocks and high-growth mid-cap companies. It has an expense ratio of 1.03%, keeping costs under control. The fund has generated a 13.21% CAGR over 3 years and a 3.54% return over one year. With an AUM of ₹805.4 crore, it might suit investors looking for a blend of stability and growth.

  • Union ELSS Tax Saver Fund 

An ELSS fund that provides tax benefits under Section 80C, this scheme carries a very high risk. It has an expense ratio of 1.43%, making it a cost-effective option. The fund has delivered a 13% CAGR over 3 years, with a 1-year return of 2.3%. With an AUM of ₹863.07 crore, it can be well suited for investors seeking long-term growth with tax-saving advantages.

  • Union Flexi Cap Fund 

A very high-risk flexi cap fund, this scheme invests across large, mid, and small-cap stocks. It has an expense ratio of 1%, keeping costs reasonable. Over 3 years, it has delivered a CAGR of 12.68%, with a 1-year return of 1.75%. With an AUM of ₹2,160.03 crore, it can be well-suited for investors looking for diversification across market capitalisations.

  • Union ELSS Tax Saver Fund 

This tax-saving ELSS fund offers long-term growth opportunities while providing tax benefits. It has a relatively high expense ratio of 2.32%. The fund has generated a 12% CAGR over 3 years and a 1.39% return over one year. With an AUM of ₹863.07 crore, it can be ideal for investors seeking equity exposure with tax-saving benefits.

  • Union Flexi Cap Fund

A very high-risk fund that invests across market capitalisations, this scheme offers flexibility in stock selection. It has an expense ratio of 2.08%, which is relatively high. The fund has delivered an 11.36% CAGR over 3 years and a 0.57% return over one year. With an AUM of ₹2,160.03 crore, it might be well suited for investors seeking diversified equity exposure with high growth potential.

  • Union Aggressive Hybrid Fund 

A hybrid fund that balances equity and debt investments, this scheme carries a very high risk. It has an expense ratio of 1.29%, making it a cost-effective choice. The fund has generated a 10.78% CAGR over 3 years, with a 1-year return of 4.14%. With an AUM of ₹611.21 crore, it can be ideal for investors looking for a mix of growth and stability in their portfolio.  

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Union Mutual Fund FAQs

You can start investing in Union Mutual Fund SIP online in several ways. One of them is through AMC’s official website. But for a seamless experience, you can do it via Angel One.
To determine the best in the Union Mutual Fund, conduct thorough research on the various schemes offered by them. Consider factors such as the scheme's investment objective, costs, historical performance, and risk level to select the one that aligns with your financial goals, risk tolerance, and horizon.
For online investments, you can redeem your units in three ways. First, via Angel One App under the Mutual Funds section. Second, by visiting https://www.angelone.in/mutual-funds. Finally, you can also redeem your Union Mutual Fund units by visiting the AMC's website.
Not all schemes are tax-free. As with any other ELSS, the one offered by Union Mutual Fund also comes with tax benefits. By investing in Union Mutual Fund’s ELSS Funds, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.
The Union Mutual Fund is jointly sponsored by the Union Bank of India and Dai-ichi Life. The latter owns a stake of 39.62% in the company.
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