Union Hybrid Mutual Funds
About This AMC
Union Mutual Fund was established on December 30, 2009 as a Trust sponsored by Dai-ichi Life Holdings, Inc. and Union Bank of India. It was in March 2011 when Union Asset Management Company Private Limited, got a green signal from SEBI to commence its mutual fund business and operations as Union Mutual Fund.
Union Mutual Fund began as a collaboration with Belgium-based KBC Asset Management NV, initially known as Union KBC Mutual Fund. Union Bank of India held the majority stake, while KBC controlled 49%.
In 2016, Union Bank of India became the sole owner after purchasing KBC's shares. Subsequently, in 2017, Japanese financial giant Dai-ichi Life acquired a significant 39.62% stake in the AMC.
Currently, Mr. Madhukumar Nair is the Managing Director & CEO of Union Mutual Fund. Mr. Harshad Patwardhan is the CIO (Chief Investment Officer) of Union Mutual Fund.
Union Mutual Fund offers 24 schemes across different categories and has an AUM of ₹17,141 crore.
As of April 2024
Schemes
24
AUM
₹21,661 Cr
AUM growth
-₹233 Cr
Fund managers
10
