Fund Details
Union Asset Allocation Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.28% |
| NAV | ₹16.45 (20 Mar 2019) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹45 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance ETF Gold BeES | Financial | Mutual Fund | 14.5% |
| GOI | Sovereign | CGL | 8.8% |
| National Highways Authority of India Ltd. | Services | NCD | 8.4% |
| Power Grid Corporation of India Ltd. | Energy | Bonds | 5.3% |
| GOI | Sovereign | CGL | 5.3% |
| LIC Housing Finance Ltd. | Financial | Debenture | 5.2% |
| GOI | Sovereign | GOI Sec | 4.2% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 3.4% |
| Housing Development Finance Corpn. Ltd. | Financial | Debenture | 3.4% |
| HDFC Bank Ltd. | Financial | Equity | 3.4% |
Fund Managers
Union Asset Allocation Fund Direct Growth Details
Union Asset Allocation Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Parijat Agrawal, Ashish Ranawade is the Current Fund Manager of Union Asset Allocation Fund Direct Growth fund.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 set to 2000. Exit load of 0.50% if redeemed within 6 months.
Investment Objective
The scheme seeks 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.
