Unifi plans three mutual funds for better success

Unifi Asset Management, based in Chennai, plans to manage only three mutual funds over the next five years. Chairman K. Sarath Reddy stated that focusing on fewer funds increases the chances of success. The company has launched its first fund, the Unifi Dynamic Asset Allocation Fund, which targets fixed income. Upcoming funds include a 100% equity flexi cap fund in May and a hybrid fund in June. Unifi aims to serve the "mass affluent" market, targeting individuals who earn enough to invest but are not ready for high-value portfolio management. The firm emphasizes service to improve long-term investment retention.