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 will launch UNION DIVERSIFIED EQUITY ALL CAP ACTIVE FOF as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform from September 1-15, 2025. The scheme offers 6 variants across Regular and Direct plans with Growth and IDCW options.
Key Points
- NFO period: September 1-15, 2025
- 6 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
- Extended trading till midnight on September 15, 2025 for lumpsum purchases
- SIP/XSIP registrations must be authenticated before 3:00 PM on NFO closure date
Regulatory Changes
No regulatory changes mentioned.
Compliance Requirements
- Members must ensure clear funds availability in ICCL Account by 6:00 PM on September 19, 2025
- Transactions without client fund initiation by 9:00 AM on T+1 will be cancelled
- Pending transactions remain in system till 3:00 PM on last NFO day or T+5, whichever is earlier
- Cheques & OTM payments acceptable subject to clear funds receipt by specified deadline
Important Dates
- NFO Start: September 1, 2025
- NFO End: September 15, 2025 (extended till midnight for lumpsum)
- Clear funds deadline: September 19, 2025 (6:00 PM)
- Allotment date: September 22, 2025
- SIP authentication deadline: September 15, 2025 (3:00 PM)
Impact Assessment
Low impact routine operational announcement for mutual fund industry participants. Provides investment opportunity for retail and institutional investors seeking diversified equity exposure through fund-of-funds structure.
Impact Justification
Routine mutual fund NFO launch with standard operational procedures