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Union KBC launches new fund

Last Updated 03 September 2012, 16:03 IST

Union KBC Asset Management Company (Union KBC), a subsidiary of Union Bank of India, on Monday, launched Capital Protection Oriented Fund – Series 1, which will remain open till September 17.

The Union KBC said that it will invest majority of the funds to be raised in highly rated debt and money market instruments as the scheme aims to protect the capital at the time of maturity. The remaining proportion will be invested in equity and equity related instruments which may generate positive return on the initial investment.

Union KBC CEO G Pradeepkumar said, “We have equities, an asset class that has historically outperformed debt and cash, and beaten inflation over a medium to long-term period, appearing to be relatively attractively priced. However, we also have investors who are nervous to invest because of the recent history of market volatility. This product allows them to gain exposure to equities with some degree of comfort about their capital.”

This scheme is open for investment to individual and non-individual investors and is ideal for investors who do not want to take a major risk on their invested capital but would like exposure to equities. 

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(Published 03 September 2012, 16:03 IST)

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