Union Aggressive Hybrid Fund vs Union Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Aggressive Hybrid Fund is an Aggressive Hybrid fund and Union Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Union Aggressive Hybrid Fund (Direct) returned −1.9% and Union Multi Asset Allocation Fund (Direct) returned 2.5%. Union Aggressive Hybrid Fund charges 1.59% a year and Union Multi Asset Allocation Fund 1.31% (Direct plans). Their portfolios overlap 52.5%: they hold 63 of the same securities.
Union Aggressive Hybrid Fund
Aggressive Hybrid
- 1 year return
- −1.9%
- Expense ratio
- 1.59%
- NAV
- ₹19.18
Union Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 2.5%
- Expense ratio
- 1.31%
- NAV
- ₹11.91
Which is better, Union Aggressive Hybrid or Union Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Multi Asset Allocation returned more over 1 year: 2.5% against −1.9%.
- Union Multi Asset Allocation costs less: 1.31% a year against 1.59% (Direct plans).
- Union Multi Asset Allocation fell less in its worst fall since 13-09-2024: −12.4% against −13.7%.
- Union Multi Asset Allocation is the larger fund: ₹989 Cr against ₹727 Cr.
- Their portfolios overlap 52.5%: 63 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 | Union Aggressive Hybrid Fund | Union Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Union Mutual Fund | Union Mutual Fund |
| Category | Aggressive Hybrid | Multi Asset |
| AUM | ₹727 Cr (30-09-2026) | ₹989 Cr (30-09-2026) |
| NAV | ₹19.18 (Direct) | ₹11.91 (Direct) |
| Expense ratio (Direct) | 1.59% | 1.31% |
| Expense ratio (Regular) | 2.79% | 2.40% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | 65% Nifty 50 TRI + 20% Nifty Composite Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver NIFTY Ben |
| Launch date | 18-12-2020 | 10-09-2024 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sanjay Bembalkar, Vinod Malviya, Parijat Agrawal | Sanjay Bembalkar, Vinod Malviya, Anindya Sarkar |
| Exit load | Exit load of 1% if redeemed within 15 days. | Exit load of 1%, if redeemed within 15 days. |
Union Aggressive Hybrid vs Union Multi Asset Allocation: 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 |
|---|---|---|---|---|---|---|---|
| Union Aggressive Hybrid Fund (Direct) | −0.62% | −2.89% | +1.11% | −1.89% | +10.28% | +8.26% | -- |
| Union Multi Asset Allocation Fund (Direct) | −1.81% | −3.56% | −2.22% | +2.50% | -- | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 37 Multi Asset funds, same plan type.
Union Aggressive Hybrid vs Union Multi Asset Allocation: Year-wise Returns
| Year | Aggressive HybridUnion Aggressive Hybrid | Multi Asset AllocationUnion Multi Asset Allocation |
|---|---|---|
| 2026to date | −1.84% | −1.49% |
| 2025 | +6.89% | +20.42% |
| 2024 | +15.70% | -- |
| 2023 | +21.26% | -- |
| 2022 | +0.46% | -- |
| 2021 | +28.29% | -- |
Union Aggressive Hybrid vs Union Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 276 of them, one for each trading day from 15-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Union Aggressive Hybrid Fund (Direct)
Union Multi Asset Allocation Fund (Direct)
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Aggressive Hybrid | 6.9 | 42.4 | 38.4 | 10.1 | 2.2 | 0.0 | 0.0 | 5.2% | 5.0% | −3.9% | 15.8% |
| Union Multi Asset Allocation | 0.0 | 5.1 | 5.4 | 25.0 | 41.3 | 12.0 | 11.2 | 16.9% | 16.3% | 0.7% | 33.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 13-09-2024. Past returns do not promise future returns.
Union Aggressive Hybrid vs Union Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Aggressive HybridUnion Aggressive Hybrid Fund (Direct) | ₹2,60,000 | ₹2,66,257 | ₹6,257 | 2.1% |
| Union Multi Asset AllocationUnion Multi Asset Allocation Fund (Direct) | ₹2,60,000 | ₹2,79,917 | ₹19,917 | 6.8% |
Union Aggressive HybridUnion Aggressive Hybrid Fund (Direct)
Union Multi Asset AllocationUnion Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Union Aggressive Hybrid vs Union Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Union Aggressive Hybrid Fund (Direct) | Union Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.89% | +2.50% |
| Standard deviation | 11.12% | 13.22% |
| Sharpe ratio | -0.64 | -0.21 |
| Sortino ratio | -0.86 | -0.28 |
| Maximum drawdown | −10.3% (30-03-2026) | −12.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Union Aggressive Hybrid Fund (Direct) | Union Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.73% | +8.21% |
| Standard deviation | 10.52% | 11.07% |
| Sharpe ratio | 0.60 | 0.23 |
| Sortino ratio | 0.82 | 0.31 |
| Maximum drawdown | −15.1% (17-06-2022) | −12.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-12-2020 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.
Union Aggressive Hybrid Fund (Direct)
Union Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Union Aggressive Hybrid Fund (Direct) | −13.7% | 26-09-2024 | 28-02-2025 | 26-06-2025 | 4 months | −4.8% |
| Union Multi Asset Allocation Fund (Direct) | −12.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −7.5% |
From daily values since 13-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Union Aggressive Hybrid Fund (Direct)
Union Multi Asset Allocation Fund (Direct)
Union Aggressive Hybrid vs Union Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Union Aggressive Hybrid Fund, September 2026; Union Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 52.5%
- Held by both
- 63
- Only in Union Aggressive Hybrid
- 18
- Only in Union Multi Asset Allocation
- 23
| Security | % of Union Aggressive Hybrid | % of Union Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd. | 4.59% | 4.19% |
| ICICI Bank Ltd. | 2.94% | 4.49% |
| Axis Bank Ltd. | 2.39% | 2.46% |
| State Bank of India | 2.55% | 2.34% |
| Reliance Industries Ltd. | 1.97% | 2.44% |
| Bharti Airtel Ltd. | 1.76% | 2.67% |
| Bajaj Finance Ltd. | 1.85% | 1.68% |
| Engineers India Ltd. | 1.35% | 1.32% |
| Infosys Ltd. | 1.67% | 1.29% |
| Eternal Ltd. | 1.28% | 1.16% |
| Gabriel India Ltd. | 1.48% | 1.15% |
| Maruti Suzuki India Ltd. | 1.40% | 1.11% |
| Clean Max Enviro Energy Solutions Ltd. | 1.12% | 1.07% |
| LG Electronics India Ltd. | 1.04% | 1.06% |
| Dhoot Transmission Ltd. | 1.13% | 0.99% |
| Larsen & Toubro Ltd. | 0.98% | 1.54% |
| Inventurus Knowledge Solutions Ltd. | 1.35% | 0.92% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.26% | 0.88% |
| Tata Consumer Products Ltd. | 0.84% | 0.87% |
| Shadowfax Technologies Ltd. | 1.12% | 0.82% |
| ICICI Prudential Asset Management Company Ltd. | 1.10% | 0.82% |
| Ajanta Pharma Ltd. | 0.86% | 0.82% |
| Dr. Lal Path labs Ltd. | 0.82% | 0.98% |
| Ather Energy Ltd. | 0.79% | 0.84% |
| KRN Heat Exchanger and Refrigeration Ltd. | 0.73% | 0.67% |
| REC Ltd. | 0.67% | 2.46% |
| Divi's Laboratories Ltd. | 0.64% | 0.89% |
| JSW Energy Ltd. | 0.78% | 0.61% |
| Shriram Finance Ltd. | 0.81% | 0.60% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.72% | 0.60% |
| Billionbrains Garage Ventures Ltd. | 0.70% | 0.60% |
| Trent Ltd. | 0.68% | 0.60% |
| One 97 Communications Ltd. | 0.76% | 0.59% |
| Aarti Industries Ltd. | 0.74% | 0.59% |
| HDFC Life Insurance Company Ltd. | 0.72% | 0.59% |
| Oil India Ltd. | 0.66% | 0.59% |
| Cemindia Projects Ltd. | 0.98% | 0.58% |
| Kotak Mahindra Bank Ltd. | 0.57% | 1.50% |
| GE Vernova T&D India Ltd. | 0.55% | 0.68% |
| Bharat Heavy Electricals Ltd. | 1.47% | 0.53% |
| Godrej Properties Ltd. | 0.60% | 0.53% |
| Manipal Health Enterprises Ltd | 1.14% | 0.52% |
| RBL Bank Ltd. | 1.11% | 0.52% |
| Shiprocket Ltd. | 1.01% | 0.52% |
| Delhivery Ltd. | 0.86% | 0.52% |
| Bharat Electronics Ltd. | 0.96% | 0.51% |
| Titan Company Ltd. | 0.60% | 0.49% |
| The Phoenix Mills Ltd. | 0.49% | 0.56% |
| Gokaldas Exports Ltd. | 0.74% | 0.48% |
| Ultratech Cement Ltd. | 0.48% | 0.72% |
| E2E Networks Ltd. | 0.52% | 0.46% |
| Cyient Ltd. | 0.61% | 0.45% |
| Hindustan Unilever Ltd. | 0.77% | 0.44% |
| Pidilite Industries Ltd. | 0.44% | 0.39% |
| Sai Life Sciences Ltd. | 1.09% | 0.33% |
| Greenply Industries Ltd. | 0.54% | 0.31% |
| National Stock Exchange of India Ltd. | 0.42% | 0.29% |
| HCL Technologies Ltd. | 0.61% | 0.28% |
| Jindal Steel Ltd. | 0.53% | 0.25% |
| Varun Beverages Ltd. | 0.32% | 0.18% |
| Wockhardt Ltd. | 0.22% | 0.17% |
| 91 Day Treasury Bills | 0.12% | 0.29% |
| 91 Day Treasury Bills | 0.08% | 0.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.5% means 52.5% 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 Union Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Power Finance Corporation Ltd. | 3.43% |
| National Bank for Agriculture and Rural Development | 3.42% |
| National Bank for Agriculture and Rural Development | 3.38% |
| REC Ltd. | 3.35% |
| Indian Railway Finance Corporation Ltd. | 2.06% |
Largest holdings only in Union Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Union Gold ETF | 11.71% |
| ICICI Prudential Silver ETF | 3.95% |
| National Bank for Agriculture and Rural Development | 2.49% |
| Canara Bank | 2.45% |
| Power Finance Corporation Ltd. | 2.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Aggressive Hybrid | Union Multi Asset Allocation |
|---|---|---|
| Equity | 72.2% | 67.1% |
| Debt | 19.9% | 11.4% |
| Cash and others | 7.9% | 21.6% |
Market cap of stocks
| Market cap | Union Aggressive Hybrid | Union Multi Asset Allocation |
|---|---|---|
| Large Cap | 39.3% | 40.1% |
| Mid Cap | 10.2% | 8.4% |
| Small Cap | 19.1% | 16.2% |
| Not on AMFI's list | 3.7% | 2.3% |
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 | Union Aggressive Hybrid | Union Multi Asset Allocation |
|---|---|---|
| Banks | 14.2% | 17.0% |
| Pharmaceuticals & Biotechnology | 4.7% | 3.1% |
| Finance | 4.5% | 2.3% |
| Auto Components | 3.9% | 3.0% |
| Construction | 3.3% | 3.4% |
| Capital Markets | 3.1% | 2.2% |
| Telecom - Services | 3.0% | 2.7% |
| IT - Software | 3.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Union Aggressive Hybrid vs Union Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Aggressive Hybrid Fund | Union Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.59% | 1.31% |
| Base expense ratio (Direct) | 0.99% | 0.91% |
| Total expense ratio (Regular) | 2.79% | 2.40% |
| Base expense ratio (Regular) | 2.03% | 1.85% |
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.
More comparisons
Each fund against the others of its category
Compare Union Aggressive Hybrid with
Compare Union Multi Asset Allocation with
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Union Aggressive Hybrid Fund vs Union Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Union Aggressive Hybrid Fund and Union Multi Asset Allocation Fund?
Union Aggressive Hybrid Fund is an Aggressive Hybrid fund, Union Multi Asset Allocation Fund is a Multi Asset fund, run by Union Mutual Fund. Their portfolios overlap 52.5%. Union Aggressive Hybrid Fund charges 1.59% a year and Union Multi Asset Allocation Fund 1.31%.
Which has given higher returns, Union Aggressive Hybrid Fund or Union Multi Asset Allocation Fund?
Over 1 year: Union Aggressive Hybrid Fund −1.89%, Union Multi Asset Allocation Fund +2.50%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Union Aggressive Hybrid Fund or Union Multi Asset Allocation Fund?
Union Multi Asset Allocation Fund charges less: 1.31% a year against 1.59%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Aggressive Hybrid Fund and Union Multi Asset Allocation Fund overlap?
52.5%. They hold 63 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Union Aggressive Hybrid Fund or Union Multi Asset Allocation Fund?
On SEBI's riskometer, Union Aggressive Hybrid Fund is rated Very High and Union Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 11.12% and 13.22% a year.
Can I invest in both Union Aggressive Hybrid Fund and Union Multi Asset Allocation Fund?
Yes. 52.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Union Aggressive Hybrid Fund and Union Multi Asset Allocation Fund?
Union Aggressive Hybrid Fund: Sanjay Bembalkar, Vinod Malviya, Parijat Agrawal. Union Multi Asset Allocation Fund: Sanjay Bembalkar, Vinod Malviya, Anindya Sarkar.
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.