Union Mutual Fund

About Union Mutual Fund

Union Mutual Fund is run by Union Asset Management Company, jointly sponsored by Union Bank of India, a major Indian public sector bank, and Dai-ichi Life Holdings, a large Japanese financial services and insurance group.

Ownership and Heritage

The fund house began in December 2009 as Union KBC Mutual Fund, a joint venture between Union Bank of India (the majority partner) and Belgium-based KBC Asset Management (holding 49%). In 2016, Union Bank of India became the sole owner after buying out KBC's stake, and in 2017, Japan's Dai-ichi Life acquired a significant 39.62% stake in the AMC, bringing the fund house to its current ownership structure and its present name, Union Mutual Fund.

Fund Range and Approach

Union Mutual Fund offers a scheme range across large-cap, mid-cap, small-cap and flexi-cap equity funds, debt funds, and hybrid schemes, combining Union Bank's domestic distribution network with Dai-ichi Life's international insurance and asset management experience.

Who Should Consider Union Mutual Fund

Investors interested in a public-sector-bank-backed AMC with a Japanese international insurance partner may consider Union Mutual Fund's scheme range as part of a broader comparison.

Comparing Union Schemes With Other Fund Houses

When comparing a Union scheme against alternatives, check the historical CAGR across multiple periods (noting some older history may predate the 2016-2017 ownership changes), the expense ratio relative to category peers, and the current fund manager's tenure.

Checking a Scheme's Risk-o-Meter

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing, regardless of which AMC runs it.

Checking Total Expense Ratio Trends

SEBI requires every AMC to publish each scheme's total expense ratio (TER) regularly, and TERs can change over time as a scheme's assets under management grow (regulations generally allow a lower TER ceiling for larger schemes). It's worth checking a scheme's current TER directly on the AMC's factsheet rather than relying on a figure that may be a few months old, since even a small change compounds meaningfully over a long holding period.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

Union schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee difference between the two.

Investing With Union Mutual Fund

Every scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.