MFIs/MFDs/RIAs/RFDs are hereby informed that UNION Mutual Fund will be offering UNION ACTIVE MOMENTUM FUND - NFO along with SIP facility with effect from November 28, 2024, to December 12, 2024, on BSE StAR MF Platform.  

The scheme details are given below:

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 the 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 above scheme will be done on December 19, 2024, hence the clear funds must be available in ICCL Account by 6:00pm on December 18, 2024.

The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on December 18, 2024, to avail the allotment of units under UNION ACTIVE MOMENTUM FUND - NFO.

Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme before the allotment date.  If funds for switch out scheme received on or after the NFO allotment date, then same will not be considered for allotment at AMC/RTA end.   

The said NFO will get extended till midnight on December 18, 2024, 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