Connect with us

Hi, what are you looking for?


Investors can give Union Focused Equity a miss

Investors could skip the new fund offer (NFO) of Union Focus..

Investors could skip the new fund offer (NFO) of Union Focused Equity Fund.

This is the third NFO in the focused fund category after Mirae and Kotak launched focused funds earlier in May and June.

Focused funds typically have concentrated portfolios of 25-30 stocks. The category has done well over the last one year as the market rally was primarily driven by a handful of stocks. The NFO is currently open and will close on July 29. The fund will be managed by chief investment officer Vinay Paharia. The minimum investment amount is Rs 5,000.

Financial planners point out that existing funds from the asset manager namely its large-cap fund, multi cap fund, small-cap fund and tax saver fund have failed to beat their benchmark indices over the last one-year and three-year periods.

“This is one of the smaller fund houses and does not have much of a track record with low equity assets and a new CIO who is just one year into the job. Investors should wait for the fund house to build a track record before investing,” said Vijay Kuppa, Founder, Orowealth.

With many new fund offers coming in after the Sebi rules on categorisation came into effect, financial planners believe investors should be careful whileRead More – Source

ET Markets



In an interview with ET Now, Dabur India Director Mohit Burm..


The 147th Open championship will be at Carnoustie Golf Club in Scotland. Jan Kruger/R&A Golfers ..


Enlarge Oliver Morris/Getty Images) In response to an Ars re..


Enlarge/ You wouldn't really want to use Nvidia's ..