Union AMC launches Union Retirement Fund

Union AMC launched Union Retirement Fund, an open-ended retirement solution-oriented scheme with a lock-in period of five years or till retirement age (whichever is earlier).

The New Fund Offer (NFO) of Union Retirement Fund will open on September 1 and close on September 15. The minimum investment required is Rs 1,000 and in multiples of Rs 1 thereafter.

The scheme comes with a compulsory lock in of five years or retirement age whichever is earlier and offers only an equity investment plan. The Scheme is benchmarked against S&P BSE 500 Index (TRI) and will be managed by Vinay Paharia and Sanjay Bembalkar.

G Pradeepkumar, Chief Executive Officer (CEO), Union AMC, said, “Union Retirement Fund is not just an NFO. It is a bugle that calls for serious introspection amongst all stakeholders to dovetail Aspiration planning with Financial planning. Renewment planning is how one meticulously plans for Freedom in a disciplined manner. It goes beyond just planning for the pursuit or accumulation of wealth.”