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Union Mutual Fund

Number of Schemes33
AMC AUM₹ 29,160.17 Cr
AMC Age16 Years (2010)

Mutual Fund SIP Calculator

₹
/Month
₹100₹10L
Years
1Y40Y
%
1%30%
% /Year
0%25%

About Union Mutual Fund

Union Mutual Fund is a SEBI-registered Asset Management Company (AMC), incorporated in Dec 2009 and commences operation in March 2011. The AMC is sponsored by one of India’s leading public sector banks named Union Bank of India and a Japanese financial giant called Daiichi Life Group, Inc. 

Back in 2009, the fund house was originally launched as Union KBC Mutual Fund, a joint venture between Union Bank of India and Belgium's KBC Asset Management NV.  In 2016, Union Bank acquired KBC’s 49% stake, briefly making it a wholly-owned subsidiary. Later in 2017, Dai-ichi Life Holdings became a part of the AMC after acquiring a 39.62% stake. Currently, the fund house is led by Chief Executive Officer (CEO) Rajkamal Tiwari and Chief Investment Officer (CIO) Harshad Patwardhan.

Also Read: Daily SIP: Invest in Top Mutual Funds 

Key Details of Union Mutual Fund

Particular  Details
Mutual Fund Name Union Mutual Fund
AMC Name  Union Asset Management Company Private Limited
AMC Incorporation date  30 December, 2009
AMC CIN  U65923MH2009PTC198201
Sponsor Name Union Bank of India and Daiichi Life Group, Inc.
Trustee Company Union Trustee Company Private Limited
SEBI Registration Number MF/066/11/01
Chief Executive Officer (CEO) Mr. Rajkamal Tiwari
Head- Fixed Income Mr. Parijat Agrawal
Head- Equity Mr. Sanjay Bembalkar
Fund Categories Funds in Focus, Equity, Debt, Hybrid, Fund of Fund (FOF), ETF, NFO and other categories

How to Invest in Union Mutual Fund

  • Log in to the Paisabazaar app and click on the mutual funds section.
  • Search or apply filters  to find ‘Union Mutual Funds’.  
  • Compare the available schemes and select one that suits your requirements best.  
  • Choose investment mode between ‘SIP’ and ‘One-Time’ as per your convenience. 
  • Complete the KYC and you are all set to start investing in Union MF.  

Documents Required for Investing in Union Mutual Fund

Before investing in mutual funds, investors need to complete the mandate one-time KYC (Know Your Customer) verification. For that you required the following details or documents: 

  • Proof of Identity- PAN Card (Mandatory), Aadhaar card, Voter ID (any one of them)
  • Proof of Address - Addhara card, Driving License, Ration Card (any one of them)
  • Bank Details (Account number and IFSC code)
  • Passport size photo and Email ID   

Communication Details of Union Mutual Fund

Contact Union Mutual Fund customer care through the following channels to resolve your queries or for assistance:  

Contact Number  18002002268/18005722268

(Mon to Fri: 9.00 am - 6.00 pm; Sat: 9:00 am - 1:00 pm) 

WhatsApp 9321403687
Email ID investorcare@unionmf.com
Official Website www.unionmf.com
Registered Address Unit 503, 5th Floor, Leela Business Park,Andheri Kurla Road, Andheri (East), Mumbai- 400 059 

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FAQs

What is a Union Mutual Fund?

Union Mutual Fund is a SEBI-registered Asset Management Company (AMC), offers a wide range of mutual funds across equity, debt, hybrid and other categories. The AMC is backed by Union Bank of India (leading public sector bank) and Daiichi Life Group, Inc. (Japan based financial services group).   

Is Union Mutual Fund registered with SEBI?

Yes, Union Mutual Fund was registered with SEBI under registration number MF/066/11/01 in March 2011. 

How can I invest in Union Mutual Funds online?

You can invest in Union Mutual Fund Online via Paisabazaar. The platform is AMFI-registered and allows you to explore, compare and invest in the available Union MF schemes.      

Can I invest in Union Mutual Funds through Paisabazaar?

Yes, Paisabazaar allows you to invest in a Union Mutual Fund as a One-time (Lump Sum) or Systematic Investment Plan (SIP), based on your convenience. 

What are the different types of Union Mutual Fund schemes?

To meet different investors' financial needs, Union Mutual Fund offers a variety of schemes across equity, debt, hybrid, Funds in Focus, Fund of Fund (FOF), solution oriented funds, NFO and other categories. 

How can I redeem Union Mutual Funds through Paisabazaar?

Redemption of Union Mutual Fund is easy on Paisabazaar. You just need to enter the units/amount under your portfolio scheme. Then submit the request, your units will be redeemed and the amount will be credited to your linked bank account. 

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VikasAug 17, 2026

Overall a good experience

I started investing in mutual funds to build a corpus for my long-term financial goals. Paisabazaar made the process fairly straightforward, especially while comparing different fudns. I found the fund-related information useful for understanding the basics before investing. The app is easy to navigate, and tracking my portfolio is convenient. Overall, it has made mutual fund investing feel more manageable and helped me become more disciplined with my investments.

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I have been investing in mutual funds through SIPs and the Paisabazaar app has made it easier to keep track of my investments. I like that I can check my portfolio and monitor how my funds are performing in one place. The interface is simple and does not feel complicated. It has also helped me stay consistent with my daily investments instead of delaying them.

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Investing feels much easier now

I recently started investing in mutual funds through Paisabazaar and found the process quite simple. I was initially confused about which fund to choose, but the information available on the app helped me understand the basics better. The investment process was smooth, and I could track my investments easily. For someone like me who is new to mutual funds, the overall experience has been convenient and easy to understand.

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Swapna felicitasOct 25, 2019

Positive

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Safest Website

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Expense ratio

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SunitaOct 17, 2019

Expert Advice

Very good team of researchers who provide the customer with detailed information on the schemes sector and how it will perform

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UnnatiOct 17, 2019

Good Support

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KashishOct 17, 2019

Well researched

Thank you paisabazaar for saving a lot of times of ours by providing us all the necessary information on the schemes

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HimankarOct 17, 2019

Diverse

Paisabazaaar mutual funds schemes are evry diverse, its for everyone who wants to start saving via investing very easy

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Disclaimer

  • Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.
  • Paisabazaar Marketing and Consulting Private Limited is an AMFI registered Mutual Fund Distributor - ARN-336712 | ARN Validity period: 08 Aug 2025 to 07 Aug 2028
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