However, a relief is that the scheme will reopen for sale and repurchase within five business days of allotment. Let us tell you that Union Active Momentum Fund is an open-ended equity scheme based on the momentum theme.

Will be closed on 12 December

Union Mutual Fund’s new NFO Union Active Momentum Fund Open-Ended Activity Scheme is open for investors till 12 December 2024. The objective of Union Active Momentum Fund is to give better returns to investors by investing in stocks showing momentum.

What is special in this fund

The Union Active Momentum Fund uses a proprietary quantitative model. Let us tell you that this model has been tested for the last 15 years. It is tested on the parameters of past performance, fluctuations in returns, strength and liquidity. This fund focuses on parameters like value, growth, volatility, and momentum. The objective of this fund is to create capital growth in the long term by investing in stocks showing strong momentum.

This fund is based on the momentum investing policy, which aims to perform well in the fluctuations of the stock market. At the same time, another NFO Tata Mutual Fund’s Tata BSE Business Group Index Fund was also open for subscription till 9 December. The open-end scheme will once again open for sale and purchase till 18 December.

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