Union Multi Asset Allocation Fund
The Scheme seeks to generate long-term capital appreciation by investing in a diversified portfolio of Equity and Equity Related Instruments, Debt and Money Market Instruments, units of Gold Exchange Traded Funds (ETFs) and / or Silver ETFs and units of REITs & InvITs as per the asset allocation pattern of the Scheme.
Growthvine rating: 3/5 — ranked #26 of 55 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹11.43 (as of 2026-10-23) |
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| AUM | ₹989 Cr |
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| Expense ratio | 1.84% |
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| Riskometer | Very High |
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| Fund manager | Sanjay Bembalkar |
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| Exit load | 1% for redemption within 15 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −12.55% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 122.7% of NIFTY Multi Asset - Equity : Debt : Arbitrage : REITs/InvITs (50:20:20:10) Index's upside and 74.3% of its downside.
Market cap allocation
| Large cap | 59.8% |
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| Mid cap | 12.5% |
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| Small cap | 27.7% |
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Concentration
| Top 5 holdings | 16.3% |
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| Top 10 holdings | 24.6% |
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| Total holdings | 82 |
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Top holdings
- Union Gold ETF — 11.7%
- TREPS — 6.3%
- ICICI Bank Ltd. — 4.5%
- HDFC Bank Ltd. — 4.2%
- ICICI Prudential Silver ETF — 4.0%
- Bharti Airtel Ltd. — 2.7%
- National Bank for Agriculture and Rural Development — 2.5%
- AXIS Bank Ltd. — 2.5%
- REC Ltd. — 2.5%
- Canara Bank — 2.5%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −3.9% | Q3 | #27 of 44 |
| 2025 | 18.9% | Q1 (Top) | #9 of 34 |