Description
UNION Mutual Fund launches UNION DIVERSIFIED EQUITY ALL CAP ACTIVE FOF with SIP facility from September 1-15, 2025 on BSE StAR MF Platform.
Summary
UNION Mutual Fund is launching UNION DIVERSIFIED EQUITY ALL CAP ACTIVE FOF (Fund of Funds) with SIP facility on BSE StAR MF Platform from September 1-15, 2025. The NFO offers 6 plan variants across regular and direct plans with different dividend options.
Key Points
- NFO period: September 1-15, 2025
- Six scheme variants available (Regular/Direct plans with Growth/IDCW options)
- Allotment date: September 22, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on September 19, 2025
- SIP/XSIP registrations must be authenticated before 3:00 PM on NFO closure date
- Extended trading till midnight on September 15, 2025 for lumpsum purchases only
Regulatory Changes
No regulatory changes mentioned.
Compliance Requirements
- Members must ensure client funds are initiated by 9:00 AM on T+1 day or transactions will be cancelled
- Pending transactions remain in system till 3:00 PM on last day of funds payout or T+5, whichever is earlier
- Clear funds required in ICCL Account by 6:00 PM on September 19, 2025 for unit allotment
- Switch transactions must receive funds on or before allotment date for consideration
Important Dates
- NFO Start Date: September 1, 2025
- NFO End Date: September 15, 2025 (extended till midnight for lumpsum)
- Funds Deadline: September 19, 2025 (6:00 PM)
- Allotment Date: September 22, 2025
- SIP Registration Deadline: September 15, 2025 (3:00 PM)
Impact Assessment
Limited market impact as this is a standard mutual fund product launch. Provides additional investment option for retail investors seeking diversified equity exposure through fund-of-funds structure. No direct impact on stock prices or market operations.
Impact Justification
Standard mutual fund NFO launch announcement with limited market impact