Union Mutual Fund has revised fundamental attributes of Union Small and Midcap Fund with effect from Mar 1, 2018. Among the changes introduced, the name of the scheme has been revised from Union Small and Midcap Fund to Union Small Cap Fund. The scheme has been categorized as an open ended equity scheme predominantly investing in small cap stocks. The revised investment objective of the scheme is to achieve long-term capital appreciation by investing in a portfolio consisting of equity and equity-related securities, predominantly of small cap companies.