HomeNewsBusinessMutual FundsUnion MF seeks SEBI nod for open-ended balanced scheme

Union MF seeks SEBI nod for open-ended balanced scheme

The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments.

June 06, 2017 / 13:34 IST
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Himadri Buch Moneycontrol News

Union Mutual Fund has sought the Securities and Exchange Board of India's approval to launch Union Balanced Advantage Fund, according to information on the regulator's website.

The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments, while up to 35 percent will be deployed in debt and money market instruments.

 

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