Union Multi Asset Allocation Fund Direct Growth

Fund Overview

Fund Size

₹837 Cr

Expense Ratio

0.98%

ISIN

INF582M01JY4

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

10 Sep 2024

About this fund

Union Multi Asset Allocation Fund Direct Growth is a Multi Asset Allocation mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 1 years, 4 months and 13 days, having been launched on 10-Sep-24.
As of 22-Jan-26, it has a Net Asset Value (NAV) of ₹12.25, Assets Under Management (AUM) of 836.57 Crores, and an expense ratio of 0.98%.

Union Multi Asset Allocation Fund Direct Growth has given a CAGR return of 16.01% since inception.
The fund's asset allocation comprises around 61.92% in equities, 7.25% in debts, and 9.76% in cash & cash equivalents.
You can start investing in Union Multi Asset Allocation Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+25.51%

— (Cat Avg.)

Since Inception

+16.01%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹517.99 Cr	61.92%
Debt	₹60.67 Cr	7.25%
Others	₹257.74 Cr	30.81%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Union Gold ETF	Mutual Fund - ETF	₹80.4 Cr	9.61%
ICICI Prudential Silver ETF	Mutual Fund - ETF	₹56.34 Cr	6.73%
HDFC Bank Ltd	Equity	₹49.09 Cr	5.87%
ICICI Pru Gold ETF	Mutual Fund - ETF	₹42.52 Cr	5.08%
Cash Offset For Derivatives	Cash - General Offset	₹35.51 Cr	4.24%
ICICI Bank Ltd	Equity	₹33.98 Cr	4.06%
Treps	Cash - Repurchase Agreement	₹33.73 Cr	4.03%
Bharti Airtel Ltd	Equity	₹32.49 Cr	3.88%
Reliance Industries Ltd	Equity	₹29.61 Cr	3.54%
State Bank of India	Equity	₹28.35 Cr	3.39%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.16 Cr	3.01%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹25.15 Cr	3.01%
Infosys Ltd	Equity	₹17.73 Cr	2.12%
Maruti Suzuki India Ltd	Equity	₹15.95 Cr	1.91%
TVS Motor Co Ltd	Equity	₹14.69 Cr	1.76%
Axis Bank Ltd	Equity	₹14.23 Cr	1.70%
ITC Ltd	Equity	₹14.06 Cr	1.68%
Future on State Bank of India	Equity - Future	₹-13.91 Cr	1.66%
Kotak Mahindra Bank Ltd	Equity	₹13.43 Cr	1.60%
Larsen & Toubro Ltd	Equity	₹13.07 Cr	1.56%
Bajaj Finance Ltd	Equity	₹10.9 Cr	1.30%
Power Finance Corporation Limited	Bond - Corporate Bond	₹9.97 Cr	1.19%
Coromandel International Ltd	Equity	₹9.22 Cr	1.10%
Shriram Finance Ltd	Equity	₹8.97 Cr	1.07%
Tata Consultancy Services Ltd	Equity	₹8.66 Cr	1.03%
Karur Vysya Bank Ltd	Equity	₹8.23 Cr	0.98%
Future on HDFC Bank Ltd	Equity - Future	₹-8.01 Cr	0.96%
Bharat Electronics Ltd	Equity	₹7.67 Cr	0.92%
Gabriel India Ltd	Equity	₹7.57 Cr	0.91%
Max Financial Services Ltd	Equity	₹7 Cr	0.84%
Future on Bharti Airtel Ltd	Equity - Future	₹-6.84 Cr	0.82%
GE Vernova T&D India Ltd	Equity	₹6.8 Cr	0.81%
Jindal Steel Ltd	Equity	₹6.22 Cr	0.74%
Sun Pharmaceuticals Industries Ltd	Equity	₹6.17 Cr	0.74%
Eternal Ltd	Equity	₹6.03 Cr	0.72%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹5.95 Cr	0.71%
Jubilant Foodworks Ltd	Equity	₹5.91 Cr	0.71%
Jio Financial Services Ltd	Equity	₹5.9 Cr	0.71%
Blue Star Ltd	Equity	₹5.88 Cr	0.70%
Mahindra & Mahindra Ltd	Equity	₹5.86 Cr	0.70%
Hindustan Petroleum Corp Ltd	Equity	₹5.8 Cr	0.69%
Kirloskar Oil Engines Ltd	Equity	₹5.64 Cr	0.67%
Hindustan Unilever Ltd	Equity	₹5.37 Cr	0.64%
The Federal Bank Ltd	Equity	₹5.34 Cr	0.64%
ICICI Prudential Asset Management Co Ltd	Equity	₹5.32 Cr	0.64%
Solar Industries India Ltd	Equity	₹5.27 Cr	0.63%
Cholamandalam Investment and Finance Co Ltd	Equity	₹5.21 Cr	0.62%
NTPC Ltd	Equity	₹5.17 Cr	0.62%
India (Republic of)	Bond - Short-term Government Bills	₹4.98 Cr	0.60%
DOMS Industries Ltd	Equity	₹4.97 Cr	0.59%
LTIMindtree Ltd	Equity	₹4.85 Cr	0.58%
Fortis Healthcare Ltd	Equity	₹4.71 Cr	0.56%
Phoenix Mills Ltd	Equity	₹4.63 Cr	0.55%
Tata Consumer Products Ltd	Equity	₹4.59 Cr	0.55%
United Spirits Ltd	Equity	₹4.48 Cr	0.53%
Trent Ltd	Equity	₹4.28 Cr	0.51%
Sumitomo Chemical India Ltd Ordinary Shares	Equity	₹4.24 Cr	0.51%
Dixon Technologies (India) Ltd	Equity	₹4.24 Cr	0.51%
Inventurus Knowledge Solutions Ltd	Equity	₹4.06 Cr	0.49%
Hero MotoCorp Ltd	Equity	₹4.04 Cr	0.48%
UltraTech Cement Ltd	Equity	₹4.01 Cr	0.48%
JK Lakshmi Cement Ltd	Equity	₹3.91 Cr	0.47%
Home First Finance Co India Ltd ---	Equity	₹3.86 Cr	0.46%
Pidilite Industries Ltd	Equity	₹3.85 Cr	0.46%
Gokaldas Exports Ltd	Equity	₹3.82 Cr	0.46%
JSW Energy Ltd	Equity	₹3.75 Cr	0.45%
SRF Ltd	Equity	₹3.69 Cr	0.44%
HCL Technologies Ltd	Equity	₹3.66 Cr	0.44%
Future on ICICI Bank Ltd	Equity - Future	₹-3.5 Cr	0.42%
Future on Crompton Greaves Consumer Electricals Ltd	Equity - Future	₹-3.25 Cr	0.39%
Kirloskar Pneumatic Co Ltd	Equity	₹3.24 Cr	0.39%
Crompton Greaves Consumer Electricals Ltd	Equity	₹3.22 Cr	0.39%
FSN E-Commerce Ventures Ltd	Equity	₹3.18 Cr	0.38%
CG Power & Industrial Solutions Ltd	Equity	₹2.92 Cr	0.35%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹2.9 Cr	0.35%
Net Receivable / Payable	Cash - Collateral	₹2.77 Cr	0.33%
Greenply Industries Ltd	Equity	₹2.74 Cr	0.33%
Persistent Systems Ltd	Equity	₹2.73 Cr	0.33%
Voltamp Transformers Ltd	Equity	₹2.37 Cr	0.28%
Oil & Natural Gas Corp Ltd	Equity	₹2.36 Cr	0.28%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹2.35 Cr	0.28%
Tata Motors Ltd	Equity	₹2.22 Cr	0.27%
Treasury Bills	Bond - Gov't/Treasury	₹1.5 Cr	0.18%
Digitide Solutions Ltd	Equity	₹0.78 Cr	0.09%
India (Republic of)	Bond - Short-term Government Bills	₹0.39 Cr	0.05%
Tvs Motor Company Limited	Preferred Stock	₹0.16 Cr	0.02%
Kwality Walls India Ltd.	Equity	₹0.09 Cr	0.01%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹199.82 Cr	23.89%
Consumer Cyclical	₹82.73 Cr	9.89%
Industrials	₹59.92 Cr	7.16%
Technology	₹41.86 Cr	5.00%
Basic Materials	₹39.46 Cr	4.72%
Energy	₹37.77 Cr	4.51%
Communication Services	₹32.49 Cr	3.88%
Consumer Defensive	₹28.5 Cr	3.41%
Healthcare	₹17.29 Cr	2.07%
Utilities	₹8.93 Cr	1.07%
Real Estate	₹4.63 Cr	0.55%

Risk & Performance Ratios

Fund Managers

Anindya Sarkar

Since September 2024

Sanjay Bembalkar

Since September 2024

Vinod Malviya

Since November 2024

Additional Scheme Detailsas of 31st December 2025

ISIN

INF582M01JY4

Expense Ratio

0.98%

Exit Load

1.00%

Fund Size

₹837 Cr

Age

1 year 4 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 50 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Fund name	Expense Ratio	Exit Load	Fund size	1Y
The Wealth Company Multi Asset Allocation Fund Regular Growth High Risk	-	1.0%	-	-
The Wealth Company Multi Asset Allocation Fund Direct Growth High Risk	-	1.0%	-	-
PGIM India Multi Asset Allocation Fund Direct Growth High Risk	0.6%	0.0%	₹180.56 Cr	-
PGIM India Multi Asset Allocation Fund Regular Growth High Risk	2.3%	0.0%	₹180.56 Cr	-
360 ONE Multi Asset Allocation Fund Regular Growth High Risk	2.0%	1.0%	₹284.33 Cr	-
360 ONE Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹284.33 Cr	-
Franklin India Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	0.0%	₹2449.71 Cr	-
Franklin India Multi Asset Allocation Fund Direct Growth Very High Risk	0.2%	0.0%	₹2449.71 Cr	-
Canara Robeco Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	1.0%	₹1192.92 Cr	-
Canara Robeco Multi Asset Allocation Fund Regular Growth Very High Risk	2.1%	1.0%	₹1192.92 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	0.5%	1.0%	₹904.43 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	2.1%	1.0%	₹904.43 Cr	-
Samco Multi Asset Allocation Fund Direct Growth High Risk	0.6%	1.0%	₹370.04 Cr	27.0%
Samco Multi Asset Allocation Fund Regular Growth High Risk	2.2%	1.0%	₹370.04 Cr	24.9%
Invesco India Multi Asset Allocation Fund Regular Growth Very High Risk	1.8%	1.0%	₹685.53 Cr	23.8%
Invesco India Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	1.0%	₹685.53 Cr	25.6%
Union Multi Asset Allocation Fund Regular Growth Very High Risk	2.2%	1.0%	₹836.57 Cr	24.0%
Union Multi Asset Allocation Fund Direct Growth Very High Risk	1.0%	1.0%	₹836.57 Cr	25.5%
Bajaj Finserv Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹1434.73 Cr	24.4%
Bajaj Finserv Multi Asset Allocation Fund Regular Growth Very High Risk	2.0%	1.0%	₹1434.73 Cr	22.5%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹930.83 Cr	23.8%
Mahindra Manulife Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	0.0%	₹930.83 Cr	21.8%
Quantum Multi Asset Allocation Fund Regular Growth High Risk	2.0%	1.0%	₹51.57 Cr	13.5%
Quantum Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹51.57 Cr	15.4%
HSBC Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹2536.70 Cr	20.7%
HSBC Multi Asset Allocation Fund Regular Growth Very High Risk	1.8%	1.0%	₹2536.70 Cr	19.1%
Bank of India Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	1.0%	₹344.16 Cr	14.2%
Bank of India Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹344.16 Cr	15.4%
Mirae Asset Multi Asset Allocation Fund Regular Growth High Risk	1.1%	1.0%	₹2815.11 Cr	20.0%
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.3%	1.0%	₹2815.11 Cr	21.9%
Bandhan Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	0.0%	₹2702.47 Cr	22.0%
Bandhan Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	0.0%	₹2702.47 Cr	23.8%
Sundaram Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹3090.46 Cr	22.8%
Sundaram Multi Asset Allocation Fund Regular Growth High Risk	1.8%	1.0%	₹3090.46 Cr	21.1%
DSP Multi Asset Allocation Fund Regular Growth Very High Risk	1.4%	1.0%	₹6440.17 Cr	28.0%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	1.0%	₹6440.17 Cr	29.6%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.5%	1.0%	₹10836.15 Cr	29.9%
Kotak Multi Asset Allocation Fund Regular Growth High Risk	1.7%	1.0%	₹10836.15 Cr	28.2%
Shriram Multi Asset Allocation Fund Direct Growth Very High Risk	0.7%	1.0%	₹140.63 Cr	17.6%
Shriram Multi Asset Allocation Fund Regular Growth Very High Risk	2.4%	1.0%	₹140.63 Cr	15.5%
Baroda BNP Paribas Multi Asset Fund Regular Growth Very High Risk	2.1%	1.0%	₹1321.38 Cr	15.8%
Baroda BNP Paribas Multi Asset Fund Direct Growth Very High Risk	0.9%	1.0%	₹1321.38 Cr	17.1%
Edelweiss Multi Asset Allocation Fund Regular Growth Low Risk	0.7%	0.0%	₹2458.65 Cr	6.1%
Edelweiss Multi Asset Allocation Fund Direct Growth Low Risk	0.4%	0.0%	₹2458.65 Cr	6.5%
Axis Multi Asset Allocation Fund Regular Growth Very High Risk	2.0%	1.0%	₹1875.27 Cr	22.3%
UTI Multi Asset Fund Direct Growth High Risk	0.6%	1.0%	₹6719.75 Cr	15.1%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹1875.27 Cr	23.6%
HDFC Multi - Asset Fund Direct Growth High Risk	0.8%	1.0%	₹5459.66 Cr	15.3%
ICICI Prudential Multi-Asset Fund Direct Growth Very High Risk	0.7%	1.0%	₹78179.11 Cr	17.6%
SBI Multi Asset Allocation Fund Direct Growth High Risk	0.6%	1.0%	₹13032.90 Cr	21.6%

About the AMC

Union Mutual Fund

+91 022 67483333

https://www.unionmf.com/

Total AUM

₹27,055 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Union Consumption Fund Direct Growth Very High Risk	-	1.0%	-	-
Union Diversified Equity All Cap Active FOF Direct Growth Very High Risk	0.5%	1.0%	₹197.84 Cr	-
Union Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1000.26 Cr	-
Union Income Plus Arbitrage Active FOF Direct Growth Low to Moderate Risk	0.1%	0.0%	₹102.84 Cr	-
Union Gold ETF Fund of Fund Direct Growth High Risk	0.3%	1.0%	₹121.00 Cr	-
Union Short Duration Fund Direct Growth Low Risk	0.3%	0.0%	₹345.11 Cr	-
Union Active Momentum Fund Direct Growth Very High Risk	1.0%	1.0%	₹457.35 Cr	-3.9%
Union Multi Asset Allocation Fund Direct Growth Very High Risk	1.0%	1.0%	₹836.57 Cr	25.5%
Union Business Cycle Fund Direct Growth Very High Risk	1.4%	1.0%	₹537.13 Cr	7.7%
Union Children's Fund Direct Growth Very High Risk	1.3%	0.0%	₹81.46 Cr	8.8%
Union Innovation & Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹1113.56 Cr	3.6%
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Low Risk	-	0.0%	₹25.17 Cr	6.8%
Union Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1743.98 Cr	1.7%
Union Hybrid Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹688.66 Cr	8.9%
Union Medium Duration Fund Direct Growth Moderate Risk	0.6%	1.0%	₹80.25 Cr	8.2%
Union Value Discovery Fund Direct Growth Very High Risk	1.3%	1.0%	₹370.70 Cr	10.6%
Union Multicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1322.01 Cr	8.4%
Union Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹1347.19 Cr	7.8%
Union Equity Savings Fund Direct Growth Moderate Risk	1.5%	1.0%	₹143.99 Cr	5.9%
Union Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹273.86 Cr	6.5%
Union Tax Saver (ELSS) Fund Direct Growth Very High Risk	1.4%	0.0%	₹903.87 Cr	8.5%
Union Dynamic Bond Fund Direct Growth Moderate Risk	1.3%	1.0%	₹102.69 Cr	3.0%
Union Flexi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹2401.95 Cr	8.2%
Union Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹6684.74 Cr	6.5%
Union Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1633.88 Cr	11.2%
Union Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹106.56 Cr	2.0%
Union Largecap Fund Direct Growth Very High Risk	1.6%	1.0%	₹471.36 Cr	7.4%
Union Retirement Fund Direct Growth Very High Risk	1.1%	0.0%	₹191.83 Cr	9.9%
Union Corporate Bond Fund Direct Growth Moderate Risk	0.4%	1.0%	₹607.13 Cr	7.1%
Union Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹690.27 Cr	5.7%
Union Focused Fund Direct Growth Very High Risk	1.5%	1.0%	₹411.71 Cr	3.9%
Union Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹153.34 Cr	7.1%
Union Large & Midcap Fund Direct Growth Very High Risk	0.9%	1.0%	₹943.23 Cr	8.9%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Union Multi Asset Allocation Fund Direct Growth?

The NAV of Union Multi Asset Allocation Fund Direct Growth, as of 22-Jan-2026, is ₹12.25.

What is the portfolio composition of Union Multi Asset Allocation Fund Direct Growth?

The fund's allocation of assets is distributed as 61.92% in equities, 7.25% in bonds, and 9.76% in cash and cash equivalents.

Who manages the Union Multi Asset Allocation Fund Direct Growth?

The fund managers responsible for Union Multi Asset Allocation Fund Direct Growth are:-

Anindya Sarkar
Sanjay Bembalkar
Vinod Malviya

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Union Multi Asset Allocation Fund Direct Growth

Fund Overview