The Wealth Company Multi Asset Allocation Fund vs Union Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
The Wealth Company Multi Asset Allocation Fund is a Multi Asset fund and Union Retirement Fund is a Solution fund. The Wealth Company Multi Asset Allocation Fund charges 1.23% a year and Union Retirement Fund 1.36% (Direct plans). Their portfolios overlap 18.6%: they hold 18 of the same securities.
The Wealth Company Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.23%
- NAV
- ₹10.41
Which is better, The Wealth Company Multi Asset Allocation or Union Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- The Wealth Company Multi Asset Allocation costs less: 1.23% a year against 1.36% (Direct plans).
- The Wealth Company Multi Asset Allocation fell less in its worst fall since 12-12-2025: −11.0% against −12.2%.
- Union Retirement holds more in large companies: 46.8% of the fund in large caps against 16.4%.
- The Wealth Company Multi Asset Allocation is the larger fund: ₹212 Cr against ₹207 Cr.
- Their portfolios overlap 18.6%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | The Wealth Company Multi Asset Allocation Fund | Union Retirement Fund |
|---|---|---|
| Fund house | The Wealth Company Mutual Fund | Union Mutual Fund |
| Category | Multi Asset | Solution |
| AUM | ₹212 Cr (30-09-2026) | ₹207 Cr (30-09-2026) |
| NAV | ₹10.41 (Direct) | ₹16.43 (Direct) |
| Expense ratio (Direct) | 1.23% | 1.36% |
| Expense ratio (Regular) | 2.84% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | 40% NIFTY 200 TRI + 45% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver | BSE 500 TRI |
| Launch date | 09-12-2025 | 22-09-2022 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Aparna Shanker, Umesh Sharma, Niranjan Das | Pratik Dharmshi, Pratit Vajani |
| Exit load | 1% - If redeemed/switched out within 30 days from the date of allotment. Nil - if redeemed/switched out after 30 days from the date of allotment | Nil |
The Wealth Company Multi Asset Allocation vs Union Retirement: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| The Wealth Company Multi Asset Allocation Fund (Direct) | −3.15% | −3.00% | −1.43% | -- | -- | -- | -- |
| Union Retirement Fund (Direct) | −2.20% | −5.14% | −1.02% | −2.20% | +12.05% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
The Wealth Company Multi Asset Allocation vs Union Retirement: Year-wise Returns
| Year | The Wealth Company Multi Asset AllocationThe Wealth Company Multi Asset Allocation | Union RetirementUnion Retirement |
|---|---|---|
| 2026to date | +2.74% | −2.67% |
| 2025 | -- | +7.45% |
| 2024 | -- | +18.75% |
| 2023 | -- | +32.30% |
The Wealth Company Multi Asset Allocation vs Union Retirement: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Union Retirement Fund
The Wealth Company Multi Asset Allocation vs Union Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | The Wealth Company Multi Asset Allocation Fund (Direct) | Union Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.07% | +14.09% |
| Standard deviation | 13.24% | 13.10% |
| Sharpe ratio | -0.09 | 0.60 |
| Sortino ratio | -0.12 | 0.82 |
| Maximum drawdown | −11.0% (23-03-2026) | −17.8% (28-02-2025) |
| Beta | -- | 0.96 |
| Alpha | -- | +3.12% |
From daily NAVs, 12-12-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
The Wealth Company Multi Asset Allocation Fund (Direct)
Union Retirement Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| The Wealth Company Multi Asset Allocation Fund (Direct) | −11.0% | 29-01-2026 | 23-03-2026 | 06-08-2026 | 4 months | −6.6% |
| Union Retirement Fund (Direct) | −12.2% | 11-02-2026 | 23-03-2026 | 18-06-2026 | 3 months | −7.9% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 12-12-2025, the first day every fund has.
The Wealth Company Multi Asset Allocation vs Union Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: The Wealth Company Multi Asset Allocation Fund, September 2026; Union Retirement Fund, September 2026
Holdings in common
- Overlap
- 18.6%
- Held by both
- 18
- Only in The Wealth Company Multi Asset Allocation
- 53
- Only in Union Retirement
- 62
| Security | % of The Wealth Company Multi Asset Allocation | % of Union Retirement |
|---|---|---|
| ICICI Bank Limited | 2.31% | 5.76% |
| HDFC Bank Limited | 1.74% | 4.29% |
| Kirloskar Oil Engines Ltd | 1.42% | 1.53% |
| Dixon Technologies (India) Limited | 1.26% | 1.59% |
| Solar Industries India Limited | 1.26% | 2.53% |
| Nippon Life India Asset Management Ltd | 1.11% | 1.30% |
| Hindustan Copper Limited | 1.27% | 1.08% |
| State Bank of India | 0.95% | 1.77% |
| Tata Motors Limited | 1.05% | 0.92% |
| CG Power And Industrial Solutions Ltd | 1.61% | 0.83% |
| Bharat Heavy Electricals Limited | 0.82% | 0.96% |
| TVS Motor Company Limited | 1.30% | 0.80% |
| Apollo Hospitals Enterprise Limited | 0.99% | 0.79% |
| Data Patterns (India) Limited | 1.60% | 0.73% |
| Jubilant Foodworks Limited | 1.19% | 0.71% |
| HCL Technologies Limited | 1.05% | 0.71% |
| Central Depository Services (India) Ltd. | 1.37% | 0.61% |
| Azad Engineering Limited | 0.56% | 1.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.6% means 18.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in The Wealth Company Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| The Wealth Company Gold ETF Growth | 5.83% |
| 7.64% NABARD 06-DEC-2029 | 3.75% |
| 7.04% SIDBI 09-FEB-2029 | 3.71% |
| 7.68% NABARD 30-APR-2029 | 1.88% |
| 7.3% REC Limited 31-MAY-2028 | 1.88% |
Largest holdings only in Union Retirement Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Ltd. | 2.72% |
| Eternal Ltd. | 2.17% |
| Reliance Industries Ltd. | 2.10% |
| Axis Bank Ltd. | 2.08% |
| Navin Fluorine International Ltd. | 2.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | The Wealth Company Multi Asset Allocation | Union Retirement |
|---|---|---|
| Equity | 58.3% | 97.8% |
| Debt | 15.4% | 0.1% |
| Cash and others | 26.3% | 2.1% |
Market cap of stocks
| Market cap | The Wealth Company Multi Asset Allocation | Union Retirement |
|---|---|---|
| Large Cap | 16.4% | 46.8% |
| Mid Cap | 22.3% | 20.5% |
| Small Cap | 14.6% | 30.6% |
| Not on AMFI's list | 4.9% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | The Wealth Company Multi Asset Allocation | Union Retirement |
|---|---|---|
| Banks | 6.2% | 17.0% |
| Capital Markets | 4.0% | 6.8% |
| Electrical Equipment | 3.8% | 6.3% |
| Chemicals & Petrochemicals | 1.3% | 5.8% |
| Auto Components | 4.0% | 5.7% |
| Consumer Durables | 2.3% | 5.6% |
| Pharmaceuticals & Biotechnology | 5.5% | 4.1% |
| Leisure Services | 2.9% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
The Wealth Company Multi Asset Allocation vs Union Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | The Wealth Company Multi Asset Allocation Fund | Union Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 1.36% |
| Base expense ratio (Direct) | 0.35% | 0.98% |
| Total expense ratio (Regular) | 2.84% | 2.67% |
| Base expense ratio (Regular) | 1.81% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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The Wealth Company Multi Asset Allocation Fund vs Union Retirement Fund: Frequently Asked Questions
What is the difference between The Wealth Company Multi Asset Allocation Fund and Union Retirement Fund?
The Wealth Company Multi Asset Allocation Fund is a Multi Asset fund, Union Retirement Fund is a Solution fund, run by The Wealth Company Mutual Fund and Union Mutual Fund. Their portfolios overlap 18.6%. The Wealth Company Multi Asset Allocation Fund charges 1.23% a year and Union Retirement Fund 1.36%.
Which has the lower expense ratio, The Wealth Company Multi Asset Allocation Fund or Union Retirement Fund?
The Wealth Company Multi Asset Allocation Fund charges less: 1.23% a year against 1.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do The Wealth Company Multi Asset Allocation Fund and Union Retirement Fund overlap?
18.6%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, KIRLOSENG. From each fund's latest monthly portfolio.
Which is riskier, The Wealth Company Multi Asset Allocation Fund or Union Retirement Fund?
On SEBI's riskometer, The Wealth Company Multi Asset Allocation Fund is rated Very High and Union Retirement Fund Very High. Over their common history, the standard deviation of daily returns was 13.24% and 13.10% a year.
Can I invest in both The Wealth Company Multi Asset Allocation Fund and Union Retirement Fund?
Yes. 18.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages The Wealth Company Multi Asset Allocation Fund and Union Retirement Fund?
The Wealth Company Multi Asset Allocation Fund: Aparna Shanker, Umesh Sharma, Niranjan Das. Union Retirement Fund: Pratik Dharmshi, Pratit Vajani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.