The New Fund Offer (NFO) of the scheme opens on November 27 and closes for subscriptions on December 11, 2020.
The scheme is benchmarked against CRISIL Hybrid 35+65 Aggressive Index (TRI). It will be managed by Vinay Paharia, Parijat Agrawal and Hardik Bora.
“Among other things, prudent asset allocation forms the bedrock of a successful investment outcome. Different asset classes do not generally move in tandem and hence taking exposure to Union Hybrid Equity Fund which inherently offers a combination of equity and debt can be a good choice for investors looking for a balanced approach to asset allocation,” said G. Pradeepkumar, Chief Executive Officer (CEO), Union Asset Management Company Private Limited.
“This scheme shall endeavour to maintain a judicious mix of equity and debt within the overall limits allowed for this category. All investment decisions in this scheme portfolio will be guided by our strong investment process,” Pradeepkumar added.