Description

Union Mutual Fund reduces minimum SWP instalment amount from Rs. 1000 to Rs. 500 across all frequencies for designated schemes.

Summary

Union Mutual Fund has reduced the minimum instalment amount for Systematic Withdrawal Plan (SWP) from Rs. 1000 to Rs. 500 across all frequencies (Daily, Monthly, Quarterly, Half Yearly and Yearly) for 28 designated schemes, effective August 1, 2025.

Key Points

  • Minimum SWP instalment amount reduced from Rs. 1000 to Rs. 500
  • Change applies to all SWP frequencies: Daily, Monthly, Quarterly, Half Yearly and Yearly
  • Affects 28 designated schemes of Union Mutual Fund
  • Multiples remain Rs. 1/- thereafter
  • Amendment applicable on prospective basis only

Regulatory Changes

None - this is an operational change by the fund house to improve investor accessibility.

Compliance Requirements

  • NSE MF Invest Platform members to note the changes
  • SAI, SID and KIM of designated schemes will be modified accordingly
  • No action required from investors - change is automatic

Important Dates

  • Effective Date: August 1, 2025
  • Circular Date: July 31, 2025
  • Notice Date: July 25, 2025

Impact Assessment

Positive Impact: Lower minimum amount makes SWP more accessible to smaller investors, potentially increasing participation in systematic withdrawal plans. This operational enhancement improves flexibility for retail investors seeking regular income from mutual fund investments across Union Mutual Fund’s diverse scheme portfolio including equity, debt, hybrid and specialty funds.

Impact Justification

Operational change affecting investor accessibility to SWP products but limited to one fund house