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Union AMC launches the Union Focused Fund

The scheme will be managed by Vinay Paharia, Chief Investment Officer of Union AMC.

ET Online|
Jul 15, 2019, 02.36 PM IST
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Union Asset Management Company has launched a new fund called the Union Focused Fund. The new fund offer will be open for subscription from 15th July to 29th July. The scheme will be managed by Vinay Paharia, Chief Investment Officer of Union AMC.

Union Focused Fund is an open ended equity fund scheme which would invest in a focused portfolio of maximum 30 stocks and has the flexibility to invest across large cap, mid cap and small cap categories. The scheme aims to build a concentrated portfolio of companies that are selected on the basis of the investment philosophy of the AMC.

“With the launch of Union Focused Fund, Union Mutual Fund is taking an important step in enhancing its product basket to provide differentiated investment solutions to its investors. The new product will help us expand our equity bouquet. The Fund will be managed by Mr. Vinay Paharia, who has a successful long term track record of managing funds across multiple strategies. The portfolio will be centered around maximum 30 stocks with a flexibility to invest across market capitalization," G Pradeepkumar, Chief Executive Officer, Union AMC

He further added that, “The last 12 months have been good for Union Mutual Fund, since we have put in place a robust new investment process which is based on fundamental research and fair value approach. The results of this approach are visible over this period in most of our funds."
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