Archive · 10 Dec 2025
Union Mutual Fund Launches Consumption-Focused Equity Scheme
Union Mutual Fund has started a new investment fund called the Union Consumption Fund.
This fund is all about investing in companies that benefit from India's growing consumption.
The fund will be open for new investments from December 1 to December 15.
India's consumption sector has been doing well, with higher returns compared to the broader market.
The fund aims to invest in different parts of the consumption sector, like companies that make products, digital platforms, and businesses that offer premium services.
Experts believe that India's economy is changing in a way that will lead to more spending and higher incomes, making this a good time to invest in this sector.
The fund will be managed by two experienced professionals, Vinod Malviya and Sanjay Bembalkar.
Union Mutual Fund launched the Union Consumption Fund, an open-ended equity scheme focused on India's consumption theme.
The New Fund Offer (NFO) is open from December 1 to December 15.
India's consumption index has outperformed the broader market, with an average return on equity of 14.7% from 2019-2024.
The fund aims to invest in subsectors of consumption through the RISE framework: Reach, Intermediates, Spend Up, and Experience.
India's per capita income is expected to grow 1.6 times by FY2030, with a projected 60% increase in middle and upper-middle-income households by 2030.
- Who
- Union Mutual Fund
- What
- Launched the Union Consumption Fund, an open-ended equity scheme focused on India's consumption theme
- When
- NFO opened on December 1 and will close on December 15
- Where
- India
- Why
- To capitalize on India's growing consumption cycle driven by structural changes and economic factors
- Fund Name
- Union Consumption Fund
- NFO Period
- December 1 to December 15
- Average Return on Equity (2019-2024)
- 14.7% (Nifty India Consumption TRI)
- Expected Per Capita Income Growth by FY2030
- 1.6 times
- Projected Increase in Middle/Upper-Middle/High-Income Households by 2030
- 60% increase from 11.3 crore in 2023
- Fund Managers
- Vinod Malviya and Sanjay Bembalkar