Union Bank of India-About Us


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imageUnion Asset Management Co. Pvt. Ltd. (Mutual Fund 100% subsidiary)


Union Bank Mutual Fund’s vision is to “be the bridge of opportunity for investors to achieve sustainable prosperity through responsible Investing in the capital markets.” Union Mutual Fund mainly emphasizes on product development, sales and support marketing, and dedicated coaching officers for training the marketing people. The company’s mission is to be recognized as the fund house that offers the right scheme to the correct person at the right time. Through its strong network distribution, it wants to reach out to a large number of aspiring investors. Union Mutual Fund was earlier known as Union KBC Mutual Fund. The asset management company was started as a partnership between Union Bank of India and Belgium based KBC Asset Management NV. In this partnership Union Bank of India held, 51% of shares while the remaining percentage was held with KBC Asset Management NV. In August 2016, KBC Asset Management announced its exit from the partnership and this remaining shares was purchased Union Bank of India. Thus, Union Bank now owns 100% shares of the Mutual Fund company.