Chennai, Dec. 1 -- union Mutual Fund on Monday announced the launch of its latest offering - the union Consumption Fund, an open-ended equity scheme focused on the consumption theme.
The New Fund Offer (NFO) which opened today will close on December 15.
The launch comes at a time when India's economy stands at a crucial inflection point. A combination of 5 big bang initiatives unveiled over the last one year by the Government- Lowered tax rate in FY 26, GST 2.0 revisions, Eighth Pay commission, Sustained lower Inflation and RBIs synchronised interventions coupled with good monsoons are guiding factors which could lead to an orbital shift in Consumption.
Consumption index has outperformed the broader market 13 times over the last 19 years...