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New CEO pledges consistency, simplicity and responsibilityMadhukumar Nair, Union MF, Mumbai

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Madhukumar Nair takes over as the new CEO at Union MF with a growth focused mandate to increase AuM from 15,000cr to 75,000cr over the next 5 years.

Madhu’s priority is to focus on 3 aspects which he wants Union MF to be known for and which he believes will be their biggest growth drivers:(1) Consistency – across fund performance, communication and distributor engagement(2) Simplicity in products, processes and service and (3) Responsibility with which his team will accept and discharge their fiduciary responsibilities of managing hard earned investor money.

 Union MF will open up new distribution channels as well as new product categories in its growth efforts. More focus on MFDs – especially the top 500, deeper engagement with banks and NDs, greater emphasis on institutional business and roll out of PMS and AIF products are all part of his growth plans.

Union MF will leverage the enormous strengths of Union Bank(16 cr customers, 9000 branches) as well as the expertise and international distribution reach of its Japanese JV partner Dai-itchi to ramp up in-house distribution as well as international business.


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Comments Posted
Chirag dondaicha ARN NO :5831 Mumbai , 16 May 2024

Which fund?

Chiman kasor ARN NO :7557 Ratlam , 16 May 2024

Right

Jigar shah ARN NO :Prayosha investment Ahmedabad , 16 May 2024

There are some challenges

Anupam Chaudhary ARN NO :7594 Patna, 16 May 2024

PMS/AIF is there?

Kuldeep singh ARN NO :8789 Amethi , 16 May 2024

100% simplicity in product

Ansul v ARN NO :6745 Sealdah , 16 May 2024

Good vision 💯 right

Ayapaa shrinivasan ARN NO :Direct investment Banglore , 16 May 2024

Is it possible? Hope so.

Jayesh pandya ARN NO :7575 Itarasi , 16 May 2024

How much in next 10 year

Gohil tapan ARN NO :7657 Mathura , 16 May 2024

What are expected return?

Nandan morya ARN NO :Super investment Delhi , 16 May 2024

Good luck 🤞

Shweta juneja ARN NO :8756 Hyderabad , 16 May 2024

Good👍

Naman hudda ARN NO :7654 Noida , 16 May 2024

All the best

Hemant vasani ARN NO :8765 Allahabad , 16 May 2024

fund performance, communication and distributor engagement.

Sanaya uttapam ARN NO :8759 Kota, 16 May 2024

All the best 👍

Marya anaya ARN NO :8790 Auckland, 16 May 2024

Good 💯

Saisha patil ARN NO :7688 Mumbai , 16 May 2024

Nice roadmap, really appreciate market outlook.

Utpal yadav ARN NO :6757 Jhansi , 16 May 2024

Really good one, should focus on strategy

Nayan vijani ARN NO :9870 Vijaywada , 16 May 2024

Market should supportive, all the best

Richal thomos ARN NO :98706 Bhandara, 16 May 2024

Nice vision, All the best 👍

Vishal yadav ARN NO :87985 Nagpur , 16 May 2024

Really fantastic approach and valuation

Uttapa marya ARN NO :11276 Haydrabad , 16 May 2024

Market support can be sustainable for long term relationship

Nayan patil ARN NO :74531 Varansi , 16 May 2024

Really good vision for all mf investors

Manish nagpal ARN NO :42190 Patna, 16 May 2024

Appreciating for investment

Arpan arya ARN NO :12195 Chandigarh , 16 May 2024

Good ones

Rahul nair ARN NO :12195 Indore , 16 May 2024

75k crore can be possible only through MFD

Rahul nair ARN NO :4480 Anand, 16 May 2024

75k crore can be possible only through MFD channel, there is no road map and f vision for banking channel even if you have strong bank support

T srinivasareddy ARN NO :ARN-4480 ONGOLE , 16 May 2024

Good

Mohsin Bijepuri ARN NO :33913 Chennai , 15 May 2024

Indeed a promising fund house.

K BABU RAMESH ARN NO :189808 CHENNAI, 15 May 2024

ALL THE BEST MADHUKUMARJI!

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