MFIs/MFDs/RIAs/RFDs/RFIs are hereby informed that UNION Mutual Fund will be offering UNION SHORT DURATION FUND - NFO along with SIP facility with effect from January 15, 2025, to January 28, 2025, on BSE StAR MF Platform.
The scheme details are given below:
Sr. No
|
Scheme Name
|
Scheme Category
|
ISIN
|
Tentative Allotment date
|
1
|
UNION SHORT DURATION FUND - REGULAR PLAN - GROWTH
|
Debt
|
INF582M01KK1
|
04 February 2025
|
2
|
UNION SHORT DURATION FUND - REGULAR PLAN - IDCW REINVESTMENT
|
Debt
|
INF582M01KM7
|
04 February 2025
|
3
|
UNION SHORT DURATION FUND - REGULAR PLAN - IDCW PAYOUT
|
Debt
|
INF582M01KL9
|
04 February 2025
|
4
|
UNION SHORT DURATION FUND - DIRECT PLAN - GROWTH
|
Debt
|
INF582M01KO3
|
04 February 2025
|
5
|
UNION SHORT DURATION FUND - DIRECT PLAN - IDCW REINVESTMENT
|
Debt
|
INF582M01KQ8
|
04 February 2025
|
6
|
UNION SHORT DURATION FUND - DIRECT PLAN - IDCW PAYOUT
|
Debt
|
INF582M01KP0
|
04 February 2025
|
MFDs/RFDs/RIAs are also hereby informed that transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which the client has initiated payment will remain pending in the system till 3:00 PM on the last day of making funds pay out to the AMC for the said NFO or T + 5, whichever is earlier.
Also, Members are hereby informed that AMC confirmed the allotment date for the above scheme will be done on February 04, 2025, hence the clear funds must be available in ICCL Account by 6:00pm on February 03, 2025.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on February 03, 2025, to avail the allotment of units under UNION SHORT DURATION FUND - NFO.
Switches shall be accepted during the NFO period subject to receipt of funds under the NFO scheme before the allotment date. If funds for switch out scheme are received on or after the NFO allotment date, then the same will not be considered for allotment at AMC/RTA end.
The said NFO will get extended till midnight on January 28, 2025, only for lumpsum purchase on BSE StAR MF Platform. SIP/XSIP/ISIP registrations authentication should be done before 3.00pm on NFO closure date.
Ketan Jantre Mahesh Tare
Head - Trading Operations Manager – Mutual Funds |