Union Asset Management Company (Union AMC) on Thursday launched Union Multicap Fund, an open-ended equity scheme, which aims to provide capital appreciation by investing in equities across market capitalisation in a disciplined manner.
As per the company, the scheme aims to benefit from the higher growth potential offered by mid and small caps coupled with lesser volatility via large caps.
Union Multicap Fund aims to follow a mix of a top-down and bottom-up approach to identify opportunities in large, mid and small-cap space. The scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI. The stock selection will be based on the “fair value” approach, the company said.
“Union Multicap Fund endeavours to enable investors to navigate across market caps and provide true diversification by following a disciplined investment approach which ensures that the fund is not over-invested in any particular market capitalisation at any point in time," said G. Pradeepkumar, Chief Executive Officer (CEO), Union AMC.
"We believe that discipline is key to achieving more especially when it comes to investments and through Union Multicap Fund, our new fund offering, we aim to deliver capital appreciation over the long run," said Pradeepkumar.
“Union Multicap Fund would provide investors with a disciplined way to participate in India’s growth story through presence across market capitalisation," said Sanjay Bembalkar, Fund Manager, Equity, Union AMC.
"The stock selection approach would consider our process framework of looking at good companies managed by good management through the lens of fair value approach while the portfolio construction approach would be quantamental (fundamental + quantitative) in nature,” added Bembalkar.
