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Union KBC AMC to unveil Union KBC Capital Protection Oriented Fund Series 2

India-based Union KBC Asset Management is planning to introduce a new fund, known as Union KBC Capital Protection Oriented Fund – Series 2 (scheme), in order to capitalize on the growing demand of wealth management products in the country.

The scheme is a follow on from the successful launch of Union KBC Capital Protection Oriented Fund – Series 1 in September 2012.

The 36-month close ended capital protection oriented scheme provides capital protection at the time of its maturity and also aims to increase investors’ money, while exposing them to the Indian equity markets.

Union KBC CEO G Pradeepkumar said, "Historically, over the medium to long term period, investing in equities has provided a return that has beaten inflation, and outperformed both cash and debt."

Investing in highly rated debt & money market instruments as well as equity & equity related instruments, the scheme is suitable for investors, who do not prefer taking a major risk on their invested capital but accept exposure to equities.

Union KBC is the asset management company of Union KBC Mutual Fund, which is a joint venture between Union Bank of India and KBC Asset Management.