myplexus

NFO Monitor

Fund Fact

Name of Funds:

Union Innovation & Opportunities

Opening:

16th August 2023

Closing:

30th August 2023

Minimum Investment:

Rs. 1,000 and in multiples of Re. 1 thereafter.

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

1% if units are redeemed/switched out on or before completion of 1 year from the date of allotment

Fund Stats

Objective:

The Investment Objective of the Scheme is to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.

Benchmark:

NIFTY 500

Fund Manager:

Hardick Bora, Sanjay Bembalkar

Asset Allocation

80-100% Equity upto 20% Money Market

upto 20% Debt upto 10% Others

Comparable existing schemes

ICICI Prudential Innovation Fund	14.26(6M)	Not Available
Not Available	Not Available	Not Available

Fund Prognosis

Idea Distiller

A very unique scheme that hopes to make money from innovation from companies. Remember Tesla!!!

Fund House AAUM:
Rs. 1076512.59 Lakhs (as on 30th June 2023)
Fund Manager:
Combined experience of above 16 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

Lots of it but very difficult to monetise. India does not have much of a scope for innovation for listing. So tread with caution

We provide a range of tools and financial know-how that can help you make the most of your short-term and long-term investment goals.

Important Links

Fund

Snapshot

Company

Registered with AMFI AMFI Registration No: 2654 Initial Registration Date: 19th March 2003 Validity of ARN: 14th May 2025 to 23rd May 2028