NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal for NRI [15.14]

Min Investment

₹1,000

Fund Size

₹257.69 Cr

Expense Ratio

0.7%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹15.14

-0.23%

NAV as on 08 May 25, 12:00 AM

moderate risk

corporate bond

debt

NAV as on 08 May 25, 12:00 AM

moderate risk

corporate bond

debt

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

5.89%p.a.

Since Inception

About Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal for NRIs

NRIs can achieve long-term capital appreciation by investing in the Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal scheme from Union Asset Management Company Pvt. Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on May 2018, Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal is Corporate Bond fund of its category with 257.69 Cr fund under management as on May 2025. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.

  • Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal delivered 0.0% annual returns during the last year. It has delivered 5.9% average annual returns since the fund was launched.
  • Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities. However, there is no assurance that the Investment Objective of the scheme will be achieved.

Top 10 Holdings

7.1% Govt Stock 2034

7.93%

Reliance Industries Limited

4.03%

7.23% Govt Stock 2039

4.02%

7.32% Govt Stock 2030

3.99%

Power Finance Corporation Ltd.

3.98%

National Housing Bank

3.95%

Bajaj Finance Limited

3.93%

Indian Railway Finance Corporation Limited

3.93%

Larsen And Toubro Limited

3.92%

Rural Electrification Corporation Limited

3.92%

Fund Managers

  1. Parijat Agrawal (May 2018 - Present)
  2. Anindya Sarkar (Nov 2018 - Present)
  3. Shrenuj Parekh (Jul 2023 - Present)

Key Information

View Scheme Document

Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Union Corporate Bond Fund Payout of Income Distribution cum capital withdrawal
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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