Union KBC launches capital protection oriented fund


MUMBAI: Union KBC Asset Management Company Pvt Ltd (Union KBC), a subsidiary of Union Bank of India, has announced the launch of Union KBC Capital Protection Oriented Fund – Series 2.

The scheme is open for subscription and the new fund offer period is till February 4. The scheme is a 36-month close ended capital protection oriented scheme that endeavours to offer an element of capital protection at the time of maturity of the scheme and also aims to grow investors’ money. By investing a majority of the money in highly rated debt and money market instruments, the scheme aims to protect the capital at the time of maturity. The remaining proportion of investors’ money shall be invested in equity and equity related instruments which may generate a positive return on initial investment and grow the money.