In line with SEBI circular on categorization and rationalization of mutual fund schemes dated Oct 6, 2017, Union Mutual Fund has announced change in the fundamental attributes of Union Focused Large cap Fund. As per the current asset allocation pattern, the scheme can invest in 20-30 stocks. Since the scheme is categorized as a ‘Large Cap Fund’, it will modify scheme features to exclude the strategy of investing in a focused portfolio consisting of 20-30 stocks. The change is effective from Mar 1, 2018.