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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s latest ban on 260 entities plugs a major loophole for stock manipulation

    Last week, the capital market regulator, Securities and Exchange Board of India (Sebi) banned 260 entities from dealing in the securities market for m

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Nuances in managing joint ventures

This is an age of collaboration. A seemingly simple device ...

Kuruvilla Pandikattu SJ

Finding the missing child of Christmas

Christmas is basically the feast of a helpless child. The ...

Shona Adhikari

Why Indian art auctions are here to stay

With Christie’s second India sale just over in Mumbai, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture