Union Asset Allocation Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Union KBC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Parijat Agrawal, Ashish Ranawade is the Current Fund Manager of Union Asset Allocation Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹45 Cr and the Latest NAV as of 20 Mar 2019 is ₹16.45.
The Union Asset Allocation Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 2000. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 6 months..
Investment Objective
The investment objective of the Scheme is to generate capital appreciation by actively investing in a diversified portfolio of Equity and Equity Related Instruments, Debt and Money Market Instruments and Gold Exchange Traded Funds.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 0.50% if redeemed within 6 months.
Exit Load