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: 2/5 — ranked #31 of 50 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹11.78 (as of 2026-10-01) |
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| AUM | ₹997 Cr |
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| Expense ratio | 1.82% |
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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 | 59.0% |
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| Mid cap | 14.8% |
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| Small cap | 26.2% |
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Concentration
| Top 5 holdings | 16.2% |
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| Top 10 holdings | 25.2% |
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| Total holdings | 78 |
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Top holdings
- Union Gold ETF — 11.8%
- ICICI Prudential Silver ETF — 5.2%
- ICICI Bank Ltd. — 4.6%
- HDFC Bank Ltd. — 4.1%
- TREPS — 3.5%
- Reliance Industries Ltd — 2.5%
- AXIS Bank Ltd. — 2.5%
- State Bank Of India — 2.5%
- National Bank for Agriculture and Rural Development — 2.4%
- Power Finance Corporation Ltd. — 2.4%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −1.0% | Q3 | #26 of 44 |
| 2025 | 18.9% | Q1 (Top) | #9 of 34 |