Kolkata, Sept. 2 -- union Mutual Fund has announced the launch of its latest offering, the union Diversified Equity All Cap Active Fund of Fund (FOF), designed to simplify equity investing by offering dynamic allocation across varied market capitalisations through a single fund.
Despite the surge in retail participation, equity penetration in India remains modest at around 8 percent, significantly lower than countries like China (15-20 pc), the U.S. (45-50 pc), and Japan (55-60 pc), as per a recent report by Fortune India, May 2025.
While the mutual fund industry has witnessed exponential growth, the unique investor base stands at approximately 5.53 crore (Internal Research, June 2025), underscoring the need for more investor-friendly and...