Union Bank SIP Plan

What is the Union Bank SIP Plan?

The Union Bank Systematic Investment Plan (SIP) is a scheme offered by Union Mutual Fund House, the investment arm of Union Bank of India. It allows you to regularly invest a fixed amount of money in mutual funds. With these top SIP plans, you can build wealth over time by investing small amounts at regular intervals rather than investing a lump sum at once. 

This approach helps in averaging out the purchase cost of mutual fund units and reduces the impact of market volatility. You can choose the frequency of your investments (monthly, quarterly, etc.) and the amount you wish to invest.

Top Union Bank SIP Plans in India in 2024

Some of the Top Union Bank SIP Plans in India in 2024 are mentioned in the table below:

*RSI: Returns Since Inception

Details of Top Performing Union Bank SIP Plans

1. Union Small Cap Fund

   Union Small Cap Fund is a mutual fund scheme offered by Union Mutual Fund. It is an equity fund that invests in small-cap companies. The fund's objective is to achieve long-term capital appreciation by investing in a diversified portfolio of small-cap stocks.

   Features of Union Small Cap Fund:

   • Investment Objective: To grow your investment over the long haul by putting your money into a mix of stocks, mostly from smaller companies, with the goal of increasing their value.

   • Launch Date: December 30, 2009

   • Asset Allocation: Equity (95.80%), Debt (0.10%), and Money Market Instruments (4.10%)

   • Benchmark Index: S&P BSE 250 SmallCap

   • Assets Under Management (AUM): ₹ 1,327.85 Cr.

   • Fund Managers: Mr. Hardick Bora & Mr. Sanjay Bembalkar

   • Current NAV (as of March 19, 2024): ₹ 42.58

2. Union Midcap Fund

   Union Midcap Fund is a mutual fund scheme offered by Union Mutual Fund. It is an equity fund that invests predominantly in equity and equity-related securities of mid-cap companies.

   Features of Union Midcap Fund:

   • Investment Objective: To increase your investment value over time and produce income by primarily investing in stocks and related securities of mid-sized companies.

   • Launch Date: December 30, 2009

   • Asset Allocation: Equity (96.30%), Debt (0.10%), and Money Market Instruments (3.60%)

   • Benchmark Index: S&P BSE 150 MidCap

   • Assets Under Management (AUM): ₹ 1,048.58 Cr.

   • Fund Managers: Mr. Hardick Bora, Mr. Sanjay Bembalkar, & Mr. Gaurav Chopra

   • Current NAV (as of March 19, 2024): ₹ 39.35

3. Union Liquid Fund

   Union Liquid Fund is a debt mutual fund scheme offered by Union Mutual Fund. It is an open-ended fund that invests in money market instruments and short-term debt securities.

   Features of Union Liquid Fund:

   • Investment Objective: To offer decent returns while keeping risk low and ensuring high liquidity. It does this by investing in a mix of money market and debt securities.

   • Launch Date: December 30, 2009

   • Asset Allocation: Debt (89.90%) and Money Market Instruments (10.10%)

   • Benchmark Index: CRISIL Liquid Debt A-I Index

   • Assets Under Management (AUM): ₹ 2,739.96 Cr.

   • Fund Managers: Mr. Parijat Agrawal & Mr. Devesh Thacker

   • Current NAV (as of March 19, 2024): ₹ 2,321.99

4. Union Medium Duration Fund

   The Union Medium Duration Fund is a debt mutual fund that invests in bonds with maturities ranging from 3 to 4 years. The fund's objective is to provide investors with regular income and capital appreciation.

   Features of Union Medium Duration Fund:

   • Investment Objective: To make money and increase capital by investing in fixed-income securities and money market instruments.

   • Launch Date: December 30, 2009

   • Asset Allocation: Debt (86.90%) and Money Market Instruments (13.10%)

   • Benchmark Index: CRISIL Medium Duration Debt B-III Index

   • Assets Under Management (AUM): ₹ 121.67 Cr.

   • Fund Managers: Mr. Parijat Agrawal & Mr. Anindya Sarkar

   • Current NAV (as of March 19, 2024): ₹ 11.79

5. Union Aggressive Hybrid Fund

   The Union Aggressive Hybrid Fund is an aggressive hybrid fund, which means it invests in a mix of equity and debt instruments with a higher allocation to equity.

   Features of Union Aggressive Hybrid Fund:

   • Investment Objective: To grow your investment over the long run and earn income by mainly investing in stocks and related securities. It will also put money into Debt and money market instruments.

   • Launch Date: December 30, 2009

   • Asset Allocation: Equity (73%), Debt (20.60%), and Money Market Instruments (6.30%)

   • Benchmark Index: CRISIL Hybrid 35+65 Aggressive Index

   • Assets Under Management (AUM): ₹ 584.81 Cr.

   • Fund Managers: Mr. Parijat Agrawal, Mr. Hardick Bora, & Mr. Sanjay Bembalkar

   • Current NAV (as of March 19, 2024): ₹ 16.22

Benefits of Investing in Union Bank SIP Plans

Investing in Union Bank SIP plans can offer several benefits, including:

• Rupee-cost averaging: Invest a fixed amount regularly, regardless of market changes, to average out mutual fund costs and reduce volatility impact.

• Power of compounding: The best SIP plans offered by Union Bank reinvest returns along with the principal, compounding gains over time for significant investment growth.

• Discipline: Regular fixed investments foster financial discipline, nurturing long-term saving and investing habits.

• Flexibility: SIPs accommodate varying investment amounts and are suitable for all income levels, with the option to adjust contributions as financial circumstances evolve.

• Wide range of choices: Union Bank offers SIPs across diverse mutual fund categories, facilitating portfolio diversification aligned with risk tolerance and financial objectives.

• Convenience: Easily set up SIPs online or through the bank for automated, hassle-free investments at regular intervals.

• SIP calculator: Use the SIP calculator to estimate potential returns from your SIP investments in Union Bank based on monthly investment, tenure, and expected rate of return.

In Summary

Union Bank SIP plans offer a convenient and systematic approach to investment. It allows you to achieve your financial goals through disciplined saving and compounding returns. With a range of options tailored to various risk appetites and investment horizons, Union Bank provides an accessible avenue for you to participate in the wealth creation journey efficiently.