Union KBC launches new series of capital protection fund

Tags: Mutual Funds
Union KBC Mutual Fund today launched a new scheme 'Union KBC Capital Protection Oriented Fund- Series 5', which is a 36-month close-ended capital protection- oriented scheme.

The new fund offer is open for subscription from January 15 to January 29, a company release said.

As per the fund house, through investing a majority of the corpus in highly rated debt and money market instruments, the scheme aims to protect the capital at the time of maturity.

"The scheme is ideal for experienced investors who have stayed away from investing in equity because of the recent equity market volatility and for first time mutual fund investors as it aims to protect their capital at the time of maturity of the scheme while still giving them exposure to the equity markets," chief executive G Pradeepkumar said.

Union KBC AMC is a joint venture in which Union Bank of India holds 51 per cent stake with the rest held by KBC Asset Management NV through its subsidiary KBC Participations Renta.

Union KBC MF manages an average asset under management of Rs 2,266.45 crore by the end of December quarter of this fiscal.

EDITORIAL OF THE DAY

  • Because our politicians elbowed out our teachers on Teachers’ Day

    The Swachch Bharat campaign made the highest leaders sweep. Teachers’ Day is making them teach.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Sachin Shridhar

Crouching tiger, hidden dragon

The Chinese are consummate gamblers. If you visit a casino ...

Zehra Naqvi

Capturing change

The pace of change in the world around us can ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture