Union Multi Asset Allocation Fund Direct Growth

Union Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 10 September, 2024. The fund is managed by Anindya Sarkar, Sanjay Bembalkar. This fund gives you the benefit of diversification.

1. Union Multi Asset Allocation Fund Direct Growth has ₹838 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 1.
   

Union Multi Asset Allocation Fund Direct Growth has given a CAGR return of -3.20% since inception.

Union Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Government, Industrial, Tech, Consumer Cyclical, Health, Consumer Defensive, Basic Materials, Communication, Energy, Utilities.

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Multi Asset Allocation Fund Direct Growth has no lock in period.