The fund’s NFO (New Fund Offer) has opened for subscriptions today, November 28 and is set to close on December 12, 2024. The subscriptions will re-open within 5 business days from allotment.
Features of Union Active Momentum Fund
Equity investment : It is an open-ended equity fund, follows a proprietary quantitative model that has been back tested for more than 15 years.
Momentum investing :The fund follows Momentum investing strategy. “Momentum Investing is a rule-based approach with the goal to work with volatility, buy what is rising and sell when they start losing,” Gaurav Chopra, one of the fund managers of Union Active Momentum Fund said.
Rules-based investing sand bias :This fund aims to provide investors with a rules-based strategy to invest in stocks that exhibit momentum characteristics. Investments shall be made purely based on a rule-based mechanical approach, which eliminates emotional biases.
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