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be a new channel of making investment in mutual funds
through the ATMs of Union Bank of India. Both these initiatives were launched at Varanasi by
Shri. U. K. Sinha, Chairman, SEBI in the presence of Shri. M V Nair, Chairman of Union KBC
and Shri. G Pradeepkumar, CEO of Union KBC.
Union Bank of India, as a distributor of Mutual Funds, is also committed to the “Prabodh”
initiative and is actively coupling the Investor Awareness Programs with Systematic Investment
Plan campaigns for retail investors. ‘Through “Prabodh”, Union KBC commits to awaken retail
investors’ interest in Mutual Funds, and enlighten them towards the opportunities that Mutual
Fund investing can offer’, said, M. V. Nair, who is also the Chairman & Managing Director
of Union Bank of India. He added, ‘one such campaign has been active in Uttar Pradesh
since the beginning of September 2011 and we have succeeded in getting thousands of SIP
applications so far from retail investors into the Union KBC Equity Fund.’
G. Pradeepkumar, Chief Executive Officer, Union KBC, said that “Prabodh” is a
commitment to provide 1000 AMFI Investor Awareness Programs for ordinary investors across
India over the next 12 months. ‘Prabodh is a multi-layered initiative, not only focused on
education, but the practical goal of getting more and more informed clients to invest in Mutual Funds.’, added Pradeepkumar.
Getting thousands of retail investors to invest in Mutual Funds in such a short span of time was
possible because of Union Bank’s branch network and large client base. However, a bricks
and mortar network can only stretch so far and can stay open for only a finite number of hours.
In the spirit of “Prabodh”, Union Bank of India is committed to giving greater access to Mutual
Funds for its clients and giving these clients a convenient solution to transact in Mutual Funds.
Today at Varanasi, Union Bank of India announced the launch of ATMfunds @ Union Bank. In
order to promote culture of investing in mutual funds, providing convenience to the investorsis important. ‘For this, Union Bank of India has announced the launch of ATMfunds @ Union
Bank, an initiative where Union Bank of India will, very soon, offer investors the ability to make
Mutual Fund transactions via the Union Bank ATMs, anytime, anywhere’, said Nair.
Disclaimer: This press release is for information purposes only and is not an offer to sell or a
solicitation to buy any mutual fund units / securities.
Scheme Name: Union KBC Equity Fund. Classification: An Open-ended Equity Scheme.
Investment Objective: To achieve long-term capital appreciation by investing substantially in a
portfolio consisting of equity and equity related securities. However there can be no assurance
that the investment objective of the scheme will be achieved. Load Structure: Entry Load : Nil;
Exit Load : 1% if redeemed or switched out on or before completion of 1 year from the date of
allotment of units; Nil - if redeemed or switched out after completion of 1 year from the date of
allotment of units. General services offered: The NAV of the Scheme will be disclosed on all
Business Days. The Scheme offers Units for Subscription/Switch in and Redemption/Switch out
at NAV based prices on all Business Days. The redemption proceeds shall be dispatched to the
Unitholders within 10 Business Days from the date of receipt of valid redemption request.
Risk Factors: All mutual funds and securities investments are subject to market risks
and the Net Asset Value (NAV) of the schemes may go up or down depending upon
the factors and forces affecting the securities market and there can be no assurance
that the fund’s objective will be achieved. Past performance of the Sponsors and their
Affiliates / Investment Manager or AMC / Mutual Fund and its Scheme (s) is not necessarily
indicative of future results, and may not necessarily provide a basis for comparison with other
investments. Union KBC Equity Fund is only the name of the Scheme and does not in
any manner indicate either the quality of the Scheme, its future prospects or returns.
Investment in mutual fund units involves investment risks such as market risk, trading volumes,
settlement risk, liquidity risk, interest rate risk, default risk including the possible loss of principal,
fluctuations in NAVs, uncertainty of dividend distributions etc. For detailed risk factors please
refer the respective SID. The Sponsors are not responsible or liable for any loss or shortfall
resulting from the operations of the Scheme(s) beyond the initial contribution of an amount of `
1 lakh each, made by them towards setting up the Mutual Fund. Investors are not being offered
any guaranteed /assured returns under any scheme of Union KBC Mutual Fund.
Statutory Details: Constitution: Union KBC Mutual Fund has been set up as a Trust under
the Indian Trusts Act, 1882; Settlors / Sponsors: Union Bank of India and KBC Participations
Renta, a 100% subsidiary of KBC Asset Management NV (liability restricted to their initial
contribution of ` 1 lakh each to the corpus); Trustee: Union KBC Trustee Company Private
Limited, a company incorporated under the Companies Act, 1956 with a limited liability;
Investment Manager: Union KBC Asset Management Company Private Limited, a company
incorporated under the Companies Act, 1956 with a limited liability.
Mutual Fund investments are subject to market risks. Please read the Statement of
Additional Information (SAI), Scheme Information Document (SID) and Key Information
Memorandum (KIM) of the respective schemes carefully before investing. Copy of the
SAI, SID & KIM along with the application form can be obtained from any of our AMC offices/Customer Service Centres/distributors as well as from our website www.unionkbc.com.
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