Description

Union Mutual Fund reduces minimum SWP instalment amount from Rs. 1,000 to Rs. 500 for 28 designated schemes effective August 1, 2025.

Summary

Union Mutual Fund has reduced the minimum instalment amount for Systematic Withdrawal Plan (SWP) from Rs. 1,000 to Rs. 500 across all frequencies (Daily, Monthly, Quarterly, Half Yearly and Yearly) for 28 designated schemes. This change is effective from August 1, 2025 and applies prospectively.

Key Points

  • Minimum SWP instalment reduced from Rs. 1,000 to Rs. 500
  • Change applies to all SWP frequencies (Daily, Monthly, Quarterly, Half Yearly, Yearly)
  • Covers 28 designated Union Mutual Fund schemes
  • Multiples remain Rs. 1/- thereafter
  • Amendment applicable on prospective basis only

Regulatory Changes

  • SAI, SID and KIM documents will be modified accordingly
  • Addendum forms integral part of scheme documents
  • All other terms and conditions remain unchanged

Compliance Requirements

  • Investors should note the revised minimum SWP amount
  • Updated scheme documents will reflect the changes
  • No action required from existing investors

Important Dates

  • Effective Date: August 1, 2025
  • Notice Date: July 25, 2025

Impact Assessment

This change makes SWP more accessible to investors with smaller investment amounts, potentially increasing participation in systematic withdrawal plans. The reduction from Rs. 1,000 to Rs. 500 provides greater flexibility for retail investors across 28 schemes including equity, debt, hybrid and ETF categories.

Impact Justification

Beneficial change for investors enabling lower SWP amounts across 28 schemes