The fund houses is cautious due to slowing economic growth in India and developed countries, and premium valuations
The scheme will invest in arbitrage opportunities between spot and futures prices of exchange-traded equities and the arbitrage opportunities available within the derivative segment.
He expects the equity market to remain volatile responding to incoming events and data
Parijat Agrawal and Hardick Bora will be co-managing Union Equity Savings Fund
The scheme will invest in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies
Paharia says companies in the financial services sector may suffer a double whammy due to a rise in cost of capital.
Paharia will be responsible for overseeing the entire investment function
The minimum application amount under the scheme is Rs 5,000 and in multiples of one rupee thereafter.
Under the instant access facility the scheme shall endeavor to credit the redemption proceeds to registered bank account of the investors
Under the facility, unit holders can submit transactions to a designated email address.
The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments.