GMP IPO Watch
Hybrid Scheme - Multi Asset Allocation
Union Multi Asset Allocation Fund
Direct Plan · IDCW Option · Union Mutual Fund
Risk: Very High Risk
52W Low ₹10.87 23 Oct 2026
52W High ₹12.88 29 Jan 2026
₹11.3500
NAV as of 4 Nov 2026
+1.34% day change
Other Plans of This Fund
ISININF582M01JZ1
Scheme Code152784
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹0.24 Cr
Expense Ratio (as of 4 Nov 2026)1.29%
Min. Investment₹1,000
Inception Date20 Aug 2024
Benchmark65% Nifty 50 TRI + 20% Nifty Composite Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver NIFTY Benchmark Disclaimer: The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY 50 Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 50 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the NIFTY 50 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the NIFTY 50 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims ,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.
Portfolio Turnover37.24%
NFO Period20 Aug 2024 – 03 Sep 2024
Returns
1Y
-1.90%
Since Inception
+5.75%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +2.71% | +2.06% | 10 of 37 |
| 1M | +1.34% | +0.61% | 13 of 37 |
| 3M | -9.27% | -2.87% | 36 of 36 |
| 6M | -7.04% | -0.64% | 34 of 34 |
| YTD | -6.20% | -0.65% | 34 of 37 |
| 1Y | -1.90% | +2.49% | 29 of 31 |
| 2Y | +6.92% | +6.84% | 12 of 24 |
| INCEPTION | +5.75% | — | — |
Ranked among: Hybrid Scheme - Multi Asset Allocation.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +2.31% | +11.49% | -11.34% | 66% | 26% |
| 6M | +6.10% | +19.93% | -11.48% | 82% | 34% |
| 1Y | +15.53% | +33.19% | -6.53% | 92% | 41% |
| 2Y | +5.63% | +6.92% | +4.16% | 100% | 42% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity67.05%
- Debt11.37%
- Cash5.92%
- Other15.66%
Market Cap Split
- Large Cap40.39%
- Mid Cap8.92%
- Small Cap17.74%
- Others32.95%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 22.32 | 23.33 |
| P/B | 3.46 | 3.07 |
| Price / Sales | 3.59 | 3.06 |
| Price / Cash Flow | 18.23 | 16.06 |
| Dividend Yield (%) | 0.99 | 1.63 |
Holdings86
Top 5 Stocks16.25%
Top 10 Stocks24.63%
Top 3 Sectors23.61%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Union Gold ETF | Capital Markets | 11.71% | -0.12% |
| TREPS | Reverse Repo / TREPS | 6.28% | — |
| ICICI Bank | Banks | 4.49% | -0.09% |
| HDFC Bank | Banks | 4.19% | +0.12% |
| ICICI Pru Silver ETF | Capital Markets | 3.95% | -1.27% |
| Bharti Airtel | Telecom - Services | 2.67% | +0.50% |
| National Bank for Agriculture and Rural Development** | Debt | 2.49% | +0.07% |
| Axis Bank | Banks | 2.46% | -0.07% |
| REC Ltd.** | Debt | 2.46% | +0.06% |
| Canara Bank** | Money Market | 2.45% | +0.08% |
| Reliance Industries | Petroleum Products | 2.44% | -0.10% |
| Power Finance Corporation Ltd.** | Debt | 2.44% | +0.04% |
| State Bank of India | Banks | 2.34% | -0.16% |
| Bajaj Finance | Finance | 1.68% | -0.11% |
| Larsen & Toubro | Construction | 1.54% | -0.58% |
View all 93 holdings
| Kotak Bank | Banks | 1.50% | +0.04% |
| Engineers India | Construction | 1.32% | +0.24% |
| Infosys | IT - Software | 1.29% | -0.13% |
| Eternal | Retailing | 1.16% | +0.01% |
| Gabriel | Auto Components | 1.15% | -0.05% |
| Maruti Suzuki | Automobiles | 1.11% | -0.11% |
| Kirloskar Oil Engines | Industrial Products | 1.08% | +0.13% |
| Clean Max Enviro Energy Solutions | Power | 1.07% | +0.10% |
| LG Electronics | Consumer Durables | 1.06% | +0.04% |
| Karur Vysya Bank | Banks | 1.02% | -0.04% |
| Dhoot Transmission | Auto Components | 0.99% | +0.53% |
| Dr. Lal Path Labs | Equity | 0.98% | +0.06% |
| Power Finance Corporation Ltd.** | Debt | 0.96% | +0.01% |
| Inventurus Knowledge Solutions | IT - Services | 0.92% | +0.04% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 0.90% | -0.08% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.89% | +0.01% |
| ZF Commercial | Auto Components | 0.88% | -0.04% |
| Tata Consumer Products | Agricultural Food & other Products | 0.87% | -0.06% |
| Ather Energy | Automobiles | 0.84% | -0.14% |
| ICICI Prudential Asset Management | Capital Markets | 0.82% | +0.04% |
| Ajanta Pharma | Pharmaceuticals & Biotechnology | 0.82% | +0.03% |
| Shadowfax Technologies | Transport Services | 0.82% | +0.09% |
| JSW Infrastructure | Transport Infrastructure | 0.79% | +0.06% |
| UltraTech Cement | Cement & Cement Products | 0.72% | -0.01% |
| NTPC | Power | 0.68% | +0.02% |
| GE Vernova T&D | Electrical Equipment | 0.68% | -0.01% |
| KRN Heat Exchanger and Refrigeration | Industrial Products | 0.67% | -0.03% |
| CG Power & Industrial Solutions | Electrical Equipment | 0.66% | -0.02% |
| JSW Energy | Power | 0.61% | -0.01% |
| GlaxoSmithKline Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.60% | -0.04% |
| Solar Industries | Chemicals & Petrochemicals | 0.60% | +0.01% |
| Trent | Retailing | 0.60% | -0.04% |
| Shriram Finance | Finance | 0.60% | -0.05% |
| Groww | Capital Markets | 0.60% | +0.00% |
| One 97 Communications | Financial Technology (Fintech) | 0.59% | +0.00% |
| Aarti Industries | Chemicals & Petrochemicals | 0.59% | -0.04% |
| Oil India | Oil | 0.59% | -0.03% |
| HDFC Life Insurance | Insurance | 0.59% | — |
| Cemindia Projects | Construction | 0.58% | +0.00% |
| Nykaa | Retailing | 0.56% | -0.04% |
| Tata Consultancy Services | IT - Software | 0.56% | -0.08% |
| Phoenix Mills | Realty | 0.56% | +0.03% |
| Amber Enterprises | Consumer Durables | 0.56% | -0.06% |
| Godrej Properties | Realty | 0.53% | -0.11% |
| Bharat Heavy Electricals | Electrical Equipment | 0.53% | -0.01% |
| Manipal Health Enterprises | Equity | 0.52% | -0.02% |
| Shiprocket | Transport Services | 0.52% | -0.06% |
| RBL Bank | Banks | 0.52% | +0.05% |
| Delhivery | Transport Services | 0.52% | -0.04% |
| Ujjivan Small Finance Bank | Banks | 0.51% | +0.00% |
| Bharat Electronics | Aerospace & Defense | 0.51% | -0.02% |
| Nippon Life India AMC | Capital Markets | 0.51% | -0.03% |
| Titan | Consumer Durables | 0.49% | -0.04% |
| Gokaldas Exports | Textiles & Apparels | 0.48% | -0.05% |
| E2E Networks | IT - Services | 0.46% | — |
| Cyient | IT - Services | 0.45% | — |
| Hindustan Unilever | Diversified FMCG | 0.44% | -0.01% |
| Oil & Natural Gas Corporation | Oil | 0.41% | +0.19% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.39% | -0.04% |
| Patanjali Foods | Agricultural Food & other Products | 0.37% | — |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 0.33% | +0.02% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.33% | -0.02% |
| LTM | IT - Software | 0.33% | -0.03% |
| Greenply Industries | Consumer Durables | 0.31% | +0.02% |
| National Stock Exchange of India | Capital Markets | 0.29% | — |
| 91TB241226 | Money Market | 0.29% | — |
| HCL Technologies | IT - Software | 0.28% | -0.01% |
| 91 Day Treasury Bills | Money Market | 0.28% | +0.01% |
| Jindal Steel | Ferrous Metals | 0.25% | +0.00% |
| Varun Beverages | Beverages | 0.18% | +0.02% |
| Wockhardt | Pharmaceuticals & Biotechnology | 0.17% | +0.02% |
| Persistent Systems | IT - Software | 0.13% | -0.01% |
| Oil & Natural Gas Corporation Ltd. 27.10.2026 | Oil | -0.19% | — |
| ICICI Bank Ltd. 27.10.2026 | Banks | -0.20% | — |
| Net Receivable / Payable | Net Current Assets | -0.36% | — |
| Patanjali Foods Ltd. 27.10.2026 | Agricultural Food & other Products | -0.37% | — |
| Bharti Airtel Ltd. 23.11.2026 | Telecom - Services | -0.49% | — |
| Larsen & Toubro Ltd. 23.11.2026 | Construction | -0.49% | — |
Sector Allocation · Sep 2026
View all 32 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 15.33 | 11.46 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.53 | -0.34 | Below Average |
| 3Y | -0.04 | 0.33 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.06 | 0.50 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
360 ONE Multi Asset Allocation Fund
Regular Plan · GROWTH Option
|
+7.58% | — | — | +14.23% |
|
Quant Multi Asset Allocation Fund
Regular Plan · IDCW Option
|
+7.57% | +19.54% | +16.29% | +12.56% |
|
Aditya Birla Sun Life Multi Asset Allocation Fund
Direct Plan · GROWTH
|
+6.92% | +16.02% | — | +15.93% |
|
Invesco India Multi Asset Allocation Fund
Regular Plan · Growth
|
+6.90% | — | — | +12.04% |
|
WhiteOak Capital Multi Asset Allocation Fund
Direct Plan · Growth Option
|
+6.82% | +16.01% | — | +15.30% |
|
Mirae Asset Multi Asset Allocation Fund
Direct Plan · Growth
|
+6.72% | — | — | +12.84% |
|
HSBC Multi Asset Allocation Fund
Regular Plan · Growth
|
+6.63% | — | — | +12.02% |
|
Canara Robeco Multi Asset Allocation Fund
Direct Plan · Growth
|
+6.47% | — | — | +9.31% |
|
Edelweiss Multi Asset Allocation Fund
Direct Plan · Growth
|
+6.24% | +7.53% | — | +7.43% |
|
Mahindra Manulife Multi Asset Allocation Fund
Regular Plan · Growth
|
+4.95% | — | — | +12.37% |
More From Union Asset Management Company Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Union Gold ETF Fund of Fund
Direct Plan · Growth Option
|
+17.00% | — | — | +31.55% |
|
Union Gold ETF
Direct Plan · Growth Option
|
+16.73% | — | — | +31.97% |
|
Union Active Momentum Fund
Direct Plan · IDCW Option
|
+15.74% | — | — | +0.32% |
|
Union Small Cap Fund
Direct Plan · Growth Option
|
+14.82% | +15.43% | +16.22% | +16.18% |
|
Union Innovation & Opportunities Fund
Direct Plan · Growth Option
|
+8.71% | +19.25% | — | +17.75% |
|
Union Arbitrage Fund
Direct Plan · IDCW Option
|
+6.65% | +7.17% | +6.60% | +5.78% |
|
Union Money Market Fund
Direct Plan · Growth Option
|
+6.62% | +7.14% | +6.53% | +6.40% |
|
Union Liquid Fund
Direct Plan · Growth Option
|
+6.49% | +6.92% | +6.45% | +6.53% |
|
Union Diversified Equity All Cap Active FOF
Direct Plan · IDCW Option
|
+5.99% | — | — | +7.33% |
|
Union Multicap Fund
Direct Plan · Growth Option
|
+5.87% | +15.07% | — | +17.37% |
About This Scheme
Investment Objective
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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Equity and Equity Related Instruments : 65% - 80% of total assets, Debt and Money Market Instruments including units of debt oriented mutual fund schemes: 10% - 25% of total assets, Units of Gold / Silver /Commodity ETFs, ETCDs and any other mode of investment in commodities as permitted by SEBI from time to time: 10% - 25% of total assets and Units issued by InvITs: 0% - 10% of total assets. Please refer the Scheme Information Document for more details.
Exit Load
1% if units are redeemed/switched out on or before completion of 15 days from the date of allotment. Nil if redeemed or switched out after completion of 15 days from the date of allotment of units.
Fund Managers
FM 1 - Mr. Sanjay Bembalkar, FM 2 - Mr. Vinod Malviya, FM 3 - Mr. Anindya Sarkar
FM 1 - Co-manage, FM 2 - Co-manage, FM 3 - Co-manage
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Union Asset Management Company Private Limited website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.