Union Multi Asset Allocation Fund is a Multi Asset fund run by Union Mutual Fund. On 30-09-2026, it managed ₹989 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 2.5% and its Regular plan returned 1.3%.
NAV (Direct plan)
₹11.91
▼ 0.50% · 30-10-2026
NAV (Regular plan)
₹11.62
▼ 0.43% · 30-10-2026
Expense ratio
1.31%Direct2.40%Regular
1.31%
A year
Riskometer
Very High
Set by the fund house
1 year return
2.5%Direct1.3%Regular
2.5%
Total
Union Multi Asset Allocation Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹11.91 (down 0.50% that day); Regular Plan Growth ₹11.62 (down 0.43% that day).
This fund (Direct plan)
₹11.91
Union Multi Asset Allocation Fund Returns vs Multi Asset Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−1.81%
−3.56%
−2.22%
+2.50%
--
--
--
This fund (Regular)
−1.86%
−3.81%
−2.76%
+1.31%
--
--
--
Multi Asset average
−1.71%
−3.33%
−1.78%
+2.00%
--
--
--
Best in Multi Asset
+0.22%
+1.02%
+3.21%
+8.36%
--
--
--
Worst in Multi Asset
−3.85%
−5.28%
−5.92%
−3.66%
--
--
--
Rank in Multi Asset
23/37
19/36
19/34
16/31
--
--
--
Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is 65% Nifty 50 TRI + 20% Nifty Composite Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver NIFTY Ben. Returns of that index are not available to us, so the category average is the comparison.
Union Multi Asset Allocation Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
−1.49%
−2.35%
2025
+20.42%
+18.88%
Union Multi Asset Allocation Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 276 periods, one for each trading day from 15-09-2025 to 30-10-2026.
0%10%20%30%40%
Union Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
Oct 2024 to Oct 2025Dec 2024 to Dec 2025Mar 2025 to Mar 2026May 2025 to May 2026Jul 2025 to Jul 2026Sept 2025 to Sept 2026
Union Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
0%
0%
Below 0%
5%
5%
0-5%
5%
12%
5-10%
25%
45%
10-15%
41%
24%
15-20%
12%
13%
20-25%
11%
1%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
276
16.3%
0.7%
33.2%
0%
14.0%
99%
2 years
30
9.6%
8.1%
11.0%
0%
7.9%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Union Multi Asset Allocation Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Union Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+2.50%
+2.25%
Standard deviation
13.22%
10.59%
Sharpe ratio
-0.21
-0.28
Sortino ratio
-0.28
-0.38
Maximum drawdown
−12.4%
(23-03-2026)
−10.3%
(23-03-2026)
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.
Measure
Union Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+8.21%
+6.74%
Standard deviation
11.07%
9.05%
Sharpe ratio
0.23
0.11
Sortino ratio
0.31
0.15
Maximum drawdown
−12.4%
(23-03-2026)
−10.3%
(23-03-2026)
From daily NAVs, 13-09-2024 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.
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.
−15%−10%−5%0%
Union Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
20252026
Union Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Union Multi Asset Allocation Fund (Direct)
−12.4%
29-01-2026
23-03-2026
Not yet
--
−7.5%
Category average
−10.3%
29-01-2026
23-03-2026
21-08-2026
5 months
−6.1%
From the Direct plan's daily NAV since 13-09-2024, adjusted for unit splits, and the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Union Multi Asset Allocation Fund vs Other Multi Asset Funds
The five Multi Asset funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Union Multi Asset Allocation Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Multi Asset median
Cost rank (1 = cheapest)
Direct
0.91%
0.07%
0.01%
0.32%
1.31%
0.85%
34/37
Regular
1.85%
0.07%
0.01%
0.47%
2.40%
2.15%
28/37
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Multi Asset funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
1.31%
2.50%
1.19%
₹1,01,310
₹1,02,500
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Union Multi Asset Allocation Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 13-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planUnion Multi Asset Allocation Fund (Direct)
₹2,60,000
₹2,79,917
₹19,917
6.8%
Regular planUnion Multi Asset Allocation Fund (Regular)
₹2,60,000
₹2,76,199
₹16,199
5.5%
Category averageCategory average, 37 Multi Asset funds
₹2,60,000
₹2,77,238
₹17,238
5.8%
₹0₹1.0 L₹2.0 L₹3.0 L
Direct planUnion Multi Asset Allocation Fund (Direct)
Regular planUnion Multi Asset Allocation Fund (Regular)
Category averageCategory average, 37 Multi Asset funds
Amount invested
20252026
Direct planUnion Multi Asset Allocation Fund (Direct)Regular planUnion Multi Asset Allocation Fund (Regular)Category averageCategory average, 37 Multi Asset fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Multi Asset Allocation Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
67.1%Equity
Asset
Fund
Category
Equity
67.1%
58.2%
Cash and others
21.6%
25.6%
Debt
11.4%
16.2%
Market cap of stocks
Market cap
Fund
Category
Large Cap
40.1%
35.1%
Mid Cap
8.4%
11.8%
Small Cap
16.2%
9.3%
Not on AMFI's list
2.3%
1.1%
Share of the whole fund. Category: the average of the Multi Asset funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 37 Multi Asset funds.
Rating
Fund
Category
Sovereign
0.6%
5.3%
AAA and A1+
10.8%
8.2%
Union Multi Asset Allocation Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks17.0%
Construction3.4%
Pharmaceuticals & Biotechnology3.1%
Auto Components3.0%
Telecom - Services2.7%
IT - Software2.6%
Petroleum Products2.4%
Consumer Durables2.4%
Power2.4%
Retailing2.3%
The ten largest of 32 sectors. The other 22 add up to 25.6%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
16.9%
17.2%
17.0%
+0.1%
Construction
3.2%
3.8%
3.4%
+0.2%
Pharmaceuticals & Biotechnology
3.5%
3.5%
3.1%
−0.4%
Auto Components
3.2%
3.2%
3.0%
−0.2%
Telecom - Services
2.9%
2.2%
2.7%
−0.2%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Union Multi Asset Allocation Fund Portfolio Holdings
As on 30-09-2026 · 86 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Union Gold ETF
Capital Markets
11.71%
ICICI Bank Ltd.
Banks
4.49%
+4.6%
HDFC Bank Ltd.
Banks
4.19%
0.0%
ICICI Prudential Silver ETF
Capital Markets
3.95%
Bharti Airtel Ltd.
Telecom - Services
2.67%
+22.5%
National Bank for Agriculture and Rural Development · Bond
CRISIL AAA
2.49%
REC Ltd. · Bond
CRISIL AAA
2.46%
Axis Bank Ltd.
Banks
2.46%
0.0%
Canara Bank · Certificate of deposit
CRISIL A1+
2.45%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
2.44%
Reliance Industries Ltd.
Petroleum Products
2.44%
0.0%
State Bank of India
Banks
2.34%
0.0%
Bajaj Finance Ltd.
Finance
1.68%
0.0%
Larsen & Toubro Ltd.
Construction
1.54%
−24.4%
Kotak Mahindra Bank Ltd.
Banks
1.50%
0.0%
Engineers India Ltd.
Construction
1.32%
0.0%
Infosys Ltd.
IT - Software
1.29%
0.0%
Eternal Ltd.
Retailing
1.16%
0.0%
Gabriel India Ltd.
Auto Components
1.15%
0.0%
Maruti Suzuki India Ltd.
Automobiles
1.11%
0.0%
Kirloskar Oil Engines Ltd.
Industrial Products
1.08%
0.0%
Clean Max Enviro Energy Solutions Ltd.
Power
1.07%
0.0%
LG Electronics India Ltd.
Consumer Durables
1.06%
0.0%
Karur Vysya Bank Ltd.
Banks
1.02%
0.0%
Dhoot Transmission Ltd.
Auto Components
0.99%
+106.7%
Dr. Lal Path labs Ltd.
Healthcare Services
0.98%
0.0%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
0.96%
Inventurus Knowledge Solutions Ltd.
IT - Services
0.92%
0.0%
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
0.90%
0.0%
Divi's Laboratories Ltd.
Pharmaceuticals & Biotechnology
0.89%
0.0%
ZF Commercial Vehicle Control Systems India Ltd.
Auto Components
0.88%
0.0%
Tata Consumer Products Ltd.
Agricultural Food & other Products
0.87%
0.0%
Ather Energy Ltd.
Automobiles
0.84%
0.0%
ICICI Prudential Asset Management Company Ltd.
Capital Markets
0.82%
0.0%
Ajanta Pharma Ltd.
Pharmaceuticals & Biotechnology
0.82%
0.0%
Shadowfax Technologies Ltd.
Transport Services
0.82%
0.0%
JSW Infrastructure Ltd.
Transport Infrastructure
0.79%
0.0%
Ultratech Cement Ltd.
Cement & Cement Products
0.72%
0.0%
NTPC Ltd.
Power
0.68%
0.0%
GE Vernova T&D India Ltd.
Electrical Equipment
0.68%
0.0%
KRN Heat Exchanger and Refrigeration Ltd.
Industrial Products
0.67%
0.0%
CG Power and Industrial Solutions Ltd.
Electrical Equipment
0.66%
0.0%
JSW Energy Ltd.
Power
0.61%
0.0%
Trent Ltd.
Retailing
0.60%
0.0%
Billionbrains Garage Ventures Ltd.
Capital Markets
0.60%
0.0%
Glaxosmithkline Pharmaceuticals Ltd.
Pharmaceuticals & Biotechnology
0.60%
0.0%
Shriram Finance Ltd.
Finance
0.60%
0.0%
Solar Industries India Ltd.
Chemicals & Petrochemicals
0.60%
0.0%
One 97 Communications Ltd.
Financial Technology (Fintech)
0.59%
0.0%
Aarti Industries Ltd.
Chemicals & Petrochemicals
0.59%
0.0%
Oil India Ltd.
Oil
0.59%
0.0%
HDFC Life Insurance Company Ltd.
Insurance
0.59%
New
Cemindia Projects Ltd.
Construction
0.58%
0.0%
Amber Enterprises India Ltd.
Consumer Durables
0.56%
0.0%
FSN E-Commerce Ventures Ltd.
Retailing
0.56%
0.0%
The Phoenix Mills Ltd.
Realty
0.56%
0.0%
Tata Consultancy Services Ltd.
IT - Software
0.56%
0.0%
Bharat Heavy Electricals Ltd.
Electrical Equipment
0.53%
0.0%
Godrej Properties Ltd.
Realty
0.53%
0.0%
Delhivery Ltd.
Transport Services
0.52%
0.0%
Shiprocket Ltd.
Transport Services
0.52%
0.0%
RBL Bank Ltd.
Banks
0.52%
0.0%
Manipal Health Enterprises Ltd
Healthcare Services
0.52%
0.0%
Bharat Electronics Ltd.
Aerospace & Defense
0.51%
0.0%
Ujjivan Small Finance Bank Ltd.
Banks
0.51%
0.0%
Nippon Life India Asset Management Ltd.
Capital Markets
0.51%
0.0%
Titan Company Ltd.
Consumer Durables
0.49%
0.0%
Gokaldas Exports Ltd.
Textiles & Apparels
0.48%
0.0%
E2E Networks Ltd.
IT - Services
0.46%
New
Cyient Ltd.
IT - Services
0.45%
New
Hindustan Unilever Ltd.
Diversified FMCG
0.44%
0.0%
Oil & Natural Gas Corporation Ltd.
Oil
0.41%
+85.0%
Pidilite Industries Ltd.
Chemicals & Petrochemicals
0.39%
0.0%
Patanjali Foods Ltd.
Agricultural Food & other Products
0.37%
New
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
0.33%
0.0%
LTM Ltd.
IT - Software
0.33%
0.0%
Sai Life Sciences Ltd.
Pharmaceuticals & Biotechnology
0.33%
0.0%
Greenply Industries Ltd.
Consumer Durables
0.31%
0.0%
National Stock Exchange of India Ltd.
Capital Markets
0.29%
New
91 Day Treasury Bills · Government security
Sovereign
0.29%
HCL Technologies Ltd.
IT - Software
0.28%
0.0%
91 Day Treasury Bills · Government security
Sovereign
0.28%
Jindal Steel Ltd.
Ferrous Metals
0.25%
0.0%
Varun Beverages Ltd.
Beverages
0.18%
0.0%
Wockhardt Ltd.
Pharmaceuticals & Biotechnology
0.17%
0.0%
Persistent Systems Ltd.
IT - Software
0.13%
0.0%
Union Multi Asset Allocation Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
ICICI Bank Ltd.
↑Added
+4.6%
4.49%
Bharti Airtel Ltd.
↑Added
+22.5%
2.67%
Larsen & Toubro Ltd.
↓Reduced
−24.4%
1.54%
Dhoot Transmission Ltd.
↑Added
+106.7%
0.99%
Krishna Institute of Medical Sciences Ltd.
↓Sold out
−100%
was 0.90%
Max Financial Services Ltd.
↓Sold out
−100%
was 0.74%
Swiggy Ltd.
↓Sold out
−100%
was 0.62%
HDFC Life Insurance Company Ltd.
↑New
New
0.59%
Sona Blw Precision Forgings Ltd.
↓Sold out
−100%
was 0.59%
E2E Networks Ltd.
↑New
New
0.46%
Cyient Ltd.
↑New
New
0.45%
Corona Remedies Ltd.
↓Sold out
−100%
was 0.42%
Oil & Natural Gas Corporation Ltd.
↑Added
+85.0%
0.41%
Patanjali Foods Ltd.
↑New
New
0.37%
National Stock Exchange of India Ltd.
↑New
New
0.29%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Union Multi Asset Allocation Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.31%
Expense ratio (Regular)
2.40%
Category
Multi Asset
Risk
Very High
Launch date
10-09-2024
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹988.70 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
152787
ISIN (Direct)
INF582M01JY4
Scheme code (Regular)
152786
ISIN (Regular)
INF582M01JU2
NAV history
From 13-09-2024, 2.1 years
Benchmark
65% Nifty 50 TRI + 20% Nifty Composite Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver NIFTY Ben
Exit load
Exit load of 1%, if redeemed within 15 days.
Tax on Union Multi Asset Allocation Fund returns
How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹11.91
30-10-2026
direct
IDCW
₹11.06
30-10-2026
regular
Growth
₹11.62
30-10-2026
regular
IDCW
₹10.77
30-10-2026
About Union Multi Asset Allocation Fund
Union Multi Asset Allocation Fund is a mutual fund from Union Mutual Fund. Its category is Multi Asset. It was launched on 10-09-2024. Its benchmark is 65% Nifty 50 TRI + 20% Nifty Composite Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver NIFTY Ben. At the end of September 2026 it held 86 securities.
Fund Manager
Sanjay Bembalkar
Fund manager of Union Multi Asset Allocation Fund, since 10-09-2024
Vinod Malviya
Fund manager of Union Multi Asset Allocation Fund, since 01-11-2024
Anindya Sarkar
Fund manager of Union Multi Asset Allocation Fund, since 10-09-2024
Frequently Asked Questions for Union Multi Asset Allocation Fund
What is the current NAV of Union Multi Asset Allocation Fund?
The Direct plan NAV is ₹11.91. The Regular plan NAV is ₹11.62, as on 30-10-2026.
What are the returns of Union Multi Asset Allocation Fund?
The Direct plan returned +2.50% in 1 year. The Regular plan returned +1.31% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of Union Multi Asset Allocation Fund?
The Direct plan charges 1.31% a year. The Regular plan charges 2.40% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of Union Multi Asset Allocation Fund?
Union Multi Asset Allocation Fund managed ₹988.70 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Union Multi Asset Allocation Fund?
At the end of September 2026 the largest holdings were UNIONGOLD (11.71%), ICICIBANK (4.49%), HDFCBANK (4.19%), SILVERIETF (3.95%), BHARTIARTL (2.67%). The fund held 86 securities in all.
What did Union Multi Asset Allocation Fund buy and sell in September 2026?
It bought 5 new stocks: Cyient Ltd, E2E Networks Ltd, Patanjali Foods Ltd, National Stock Exchange of India Ltd, HDFC Life Insurance Company Ltd. It sold out of 5: Swiggy Ltd, Corona Remedies Ltd, Sona Blw Precision Forgings Ltd, Max Financial Services Ltd, Krishna Institute of Medical Sciences Ltd. It added shares in 4. It reduced 1.
How do I invest in Union Multi Asset Allocation Fund?
Through Union Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.
Who is the fund manager of Union Multi Asset Allocation Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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