Union Mutual Fund plans to launch its first Specialised Investment Fund (SIF) under its newly launched brand ‘Arthaya’ by February.
Madhu Nair, CEO, Union Mutual Fund, said the fund house has already received initial approval from SEBI and the first fund—an equity long-short strategy—will be launched by February.
The equity long-short strategy through the SIF offers a distinct advantage as it is not taxed at the investment stage, unlike other vehicles such as PMS and AIF, he said at the launch of the fund house’s new fund offer on ‘Consumption’, which opened for subscription on Monday.
The Consumption Fund will invest across 19 sectors with a focus on mid- and small-cap companies.
Though consumption has been a prevalent theme for many years, new trends are emerging as more consumer-facing companies are getting listed, largely in the mid- and small-cap space, Nair said.
The expansion of the consuming class, the shift from mass to premium, and the digitisation of marketplaces together could form one of the most powerful multi-decadal investment themes. “Through the Union Consumption Fund, we aim to offer investors a disciplined and diversified way to participate in this journey where every rupee spent contributes to the story of progress,” he added.
Published on December 1, 2025