Bengaluru, 03 September 2026: Union Mutual Fund (Union MF), sponsored by Union Bank of India and Daiichi Life Group, Inc., today shared a constructive outlook on Indian equities, citing improving earnings fundamentals and more reasonable valuations, while highlighting Karnataka’s growing contribution to India’s evolving investment landscape.
Speaking at a media interaction in Bengaluru, Mr. Rajkamal Tiwari, CEO, Union Asset Management Company Private Limited (“the AMC”), and Mr. Pratik Dharmshi, Equity Fund Manager, of the AMC shared their views on market opportunities and changing investor behaviour in the state.
According to Union Mutual Fund, the current market environment presents a compelling opportunity for long-term investors. While equity markets have remained relatively subdued over the past year, corporate earnings growth has continued, resulting in improved valuation across several segments of the market.
Commenting on investor trends, Mr. Rajkamal Tiwari, CEO, Union Asset Management Company Private Limited said: “One of the most encouraging developments we are seeing today is the growing maturity of Indian investors. Markets may move through phases of volatility, but investors are increasingly staying focused on long-term goals rather than reacting to short-term events.
Karnataka, and Bengaluru in particular, reflects this shift very clearly. The region has a large base of young professionals and first-generation investors who are adopting disciplined investment habits earlier in life. This growing participation and commitment to long-term investing is helping create a stronger and more resilient investing culture.”
Karnataka continues to be one of the country’s important mutual fund markets. The state’s mutual fund assets under management grew from approximately ₹4.59 lakh crore in March 2025 to ₹5.31 lakh crore in March 2026, reflecting sustained investor participation. The distribution ecosystem has also expanded, with the number of distributors in the state increasing from 10,701 to 12,416 over the same period.
(Source: Internal research MF Desk)
Union Mutual Fund has also strengthened its presence in the state. The fund house’s Karnataka assets under management increased from approximately ₹836 crore to ₹1,008 crore between March 2025 and March 2026, growing at a pace ahead of the industry’s overall expansion. (Source: Internal research MF Desk)
Speaking on the market outlook, Mr. Pratik Dharmshi, Equity Fund Manager at Union Asset Management Company Private Limited said: “Over the last year, corporate earnings have grown faster than market returns. As a result, valuations across several pockets of the market have become more reasonable than they were a year ago. From a long-term investment perspective, we believe this has improved the overall risk-reward equation.
We continue to find opportunities in sectors such as financials, capital goods and industrials, consumer discretionary and healthcare, where we see a combination of structural growth drivers and valuation support.”
(Source: Market Outlook)
Union Mutual Fund believes that India’s long-term growth fundamentals remain intact and that investors should focus on asset allocation, diversification and disciplined investing rather than short-term market movements.
The fund house advised investors to periodically review their portfolios to ensure alignment with their financial goals, risk appetite and investment horizon, while remaining committed to a long-term wealth creation journey.
Disclaimer: The views, facts and figures in this document are as of August 31, 2026, unless stated otherwise.
The above information alone is not sufficient and should not be used for the development or implementation of an investment strategy. Neither the Sponsors/the AMC/ the Trustee Company/ their associates/ any person connected with it, accepts any liability arising from the use of this information. While utmost care has been exercised while preparing this document, the Sponsors/ the AMC/ the Trustee Company/ their associates/ any person connected with it, do not warrant the completeness or accuracy of the information and disclaim all liabilities, losses and damages arising out of the use of this information. The recipients of this material should rely on their investigations and take their own professional advice.
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Union Mutual Fund (Registration No. MF/066/11/01)
