The allotment date will be 22nd September 2022 and the Scheme will re-open for ongoing sale and repurchase on 29th September 2022. The Scheme is benchmarked against S&P BSE 500 Index (TRI) and will be managed by Vinay Paharia and Sanjay Bembalkar.
“Union Retirement Fund comes at a time when companies across industries are being challenged by record attrition. Employees are opting for a change in industries and some are even dropping out completely in favour of temporary jobs in search of fulfillment, meaning and purpose. Juxtapose this trend with a rise in life expectancy (life expectancy in India in its 75 years of independence has moved from ~30 years to nearly 70 years) and one needs serious planning and discipline to truly capitalize on the freedom of the post-retirement years," the asset management company said in the release.
G. Pradeepkumar, Chief Executive Officer (CEO) of Union AMC said “Union Retirement Fund is not just an NFO. It is a bugle that calls for serious introspection amongst all stakeholders to dovetail Aspiration planning with Financial planning. Renewment planning is how one meticulously plans for Freedom in a disciplined manner. It goes beyond just planning for the pursuit or accumulation of wealth."
Union AMC started its operations in 2011. It is co-sponsored by Union Bank of India and Dai-ichi Life Holdings. Union AMC currently manages nineteen open ended Schemes of which eight are categorized as Equity Schemes, seven as Debt Schemes and four as Hybrid Schemes.
