How to Invest in Union Asset Allocation Fund Direct Growth?

You can easily invest in Union Asset Allocation Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Union Asset Allocation Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Union Asset Allocation Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Asset Allocation Fund Direct Growth provide?

The Union Asset Allocation Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 6.06% since its inception.

How much expense ratio is charged by Union Asset Allocation Fund Direct Growth?

The term Expense Ratio used for Union Asset Allocation Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Union Asset Allocation Fund Direct Growth is 1.28% as of 02 Apr 2023...

What is the AUM of Union Asset Allocation Fund Direct Growth?

The AUM, short for Assets Under Management of Union Asset Allocation Fund Direct Growth is ₹44.60Cr as of 02 Apr 2023.

How to Redeem Union Asset Allocation Fund Direct Growth?

If you want to sell your Union Asset Allocation Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Asset Allocation Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Asset Allocation Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Asset Allocation Fund Direct Growth?

The NAV of Union Asset Allocation Fund Direct Growth is ₹16.45 as of 20 Mar 2019.

What is the PE and PB ratio of Union Asset Allocation Fund Direct Growth?

The PE ratio ratio of Union Asset Allocation Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Union Asset Allocation Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

Union Asset Allocation Fund Direct Growth
Hybrid
Multi Asset Allocation
Moderately High Risk
8.03%
3Y annualised
-0.08% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 20 Mar 2019₹16.45
Min. SIP amountNot Supported
Rating3
Fund size₹44.60Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Multi Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns6.1%8.0%7.7%7.1%
Category average4.0%22.0%7.9%NA
Rank with in category388NA
Understand terms
Holdings (30)NameSectorInstrumentAssets
Reliance ETF Gold BeES
FinancialMutual Fund14.5%
GOI
SovereignCGL8.8%
National Highways Authority of India Ltd.
ServicesNCD8.4%
Power Grid Corporation of India Ltd.
EnergyBonds5.3%
GOI
SovereignCGL5.3%
LIC Housing Finance Ltd.
FinancialDebenture5.2%
GOI
SovereignGOI Sec4.2%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture3.4%
Housing Development Finance Corpn. Ltd.FinancialDebenture3.4%
HDFC Bank Ltd.FinancialEquity3.4%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Mar 2019 - Present
1.28%
28 Feb 2019 - 31 Mar 2019
1.23%
31 Jan 2019 - 28 Feb 2019
1.24%
31 Dec 2018 - 31 Jan 2019
1.34%
30 Nov 2018 - 31 Dec 2018
1.35%
31 Oct 2018 - 30 Nov 2018
1.35%
30 Sep 2018 - 31 Oct 2018
1.17%
31 Aug 2018 - 30 Sep 2018
1.18%
31 Jul 2018 - 31 Aug 2018
1.19%
30 Jun 2018 - 31 Jul 2018
1.19%
31 May 2018 - 30 Jun 2018
1.09%
30 Apr 2018 - 31 May 2018
1.09%
31 Mar 2018 - 30 Apr 2018
1.11%
28 Feb 2018 - 31 Mar 2018
1.20%
31 Jan 2018 - 28 Feb 2018
1.26%
31 Dec 2017 - 31 Jan 2018
1.26%
30 Nov 2017 - 31 Dec 2017
1.11%
31 Oct 2017 - 30 Nov 2017
1.11%
Expense ratio, exit load and taxExpense ratio: 1.28%Inclusive of GST
Exit loadExit load of 0.50% if redeemed within 6 months.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementParijat Agrawal
Jan 2013 - Present
View details
Education
Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.
Experience
Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
Also manages these schemes
Union Liquid Fund Growth
Union Liquid Fund IDCW Fortnightly
Union Liquid Fund IDCW Monthly
Union Liquid Fund IDCW Daily
Union Liquid Fund IDCW Weekly
Union Dynamic Bond Fund Growth
Union Dynamic Bond Fund IDCW
Union Asset Allocation Fund Growth
Union Asset Allocation Fund IDCW
Union Liquid Fund Direct IDCW Daily
Union Liquid Fund Direct IDCW Monthly
Union Liquid Fund Direct Growth
Union Liquid Fund Direct IDCW Weekly
Union Liquid Fund Direct IDCW Fortnightly
Union Dynamic Bond Fund Direct IDCW
Union Dynamic Bond Fund Direct Growth
Union Asset Allocation Fund Direct Growth
Union Capital Protection Oriented Fund Series 7 Regular Growth
Union Capital Protection Oriented Fund Series 8 Regular Growth
Union Balanced Advantage Fund Regular Growth
Union Balanced Advantage Fund Regular IDCW
Union Balanced Advantage Fund Direct IDCW
Union Balanced Advantage Fund Direct Growth
Union Liquid Unclaimed Unclaimed Redemption Upto 3 yrs
Union Liquid Unclaimed Unclaimed Redemption Above 3 yrs
Union Liquid Unclaimed Unclaimed IDCW Upto 3 yrs
Union Liquid Unclaimed Unclaimed IDCW Above 3 yrs
Union Corporate Bond Fund Regular Growth
Union Corporate Bond Fund Regular IDCW
Union Corporate Bond Fund Direct Growth
Union Corporate Bond Fund Direct IDCW
Union Equity Savings Fund Regular Growth
Union Equity Savings Fund Regular IDCW
Union Equity Savings Fund Direct Growth
Union Equity Savings Fund Direct IDCW
Union Medium Duration Fund Regular Growth
Union Medium Duration Fund Regular IDCW
Union Medium Duration Fund Direct Growth
Union Medium Duration Fund Direct IDCW
Union Hybrid Equity Fund Regular IDCW
Union Hybrid Equity Fund Regular Growth
Union Hybrid Equity Fund Direct Growth
Union Hybrid Equity Fund Direct IDCW
Union Money Market Fund Regular Growth
Union Money Market Fund Direct Growth
Union Money Market Fund Regular IDCW Daily
Union Money Market Fund Direct IDCW Daily
Union Money Market Fund Regular IDCW Weekly
Union Money Market Fund Direct IDCW Weekly
Union Money Market Fund Regular IDCW Monthly
Union Money Market Fund Direct IDCW Monthly
Union Gilt Fund Regular Growth
Union Gilt Fund Regular IDCW Yearly
Union Gilt Fund Direct Growth
Union Gilt Fund Direct IDCW Yearly
Union Gilt Fund Direct IDCW Half Yearly
Union Gilt Fund Regular IDCW Half Yearly
Vinay Paharia
Apr 2018 - Present
View details
Education
Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
Experience
Prior to joining Union Mutual Fund he was associated with Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
Also manages these schemes
Union Flexi Cap Fund Growth
Union Flexi Cap Fund IDCW
Union Long Term Equity Fund Growth
Union Tax Saver (ELSS) Fund IDCW
Union Asset Allocation Fund Growth
Union Asset Allocation Fund IDCW
Union Flexi Cap Fund Direct Growth
Union Flexi Cap Fund Direct IDCW
Union Long Term Equity Fund Direct IDCW
Union Long Term Equity Fund Direct Growth
Union Asset Allocation Fund Direct Growth
Union Small Cap Fund Direct IDCW
Union Small Cap Fund Regular Growth
Union Small Cap Fund Regular IDCW
Union Small Cap Fund Direct Growth
Union Capital Protection Oriented Fund Series 7 Regular Growth
Union Largecap Fund Regular Growth
Union Largecap Fund Direct Growth
Union Largecap Fund Direct IDCW
Union Largecap Fund Regular IDCW
Union Capital Protection Oriented Fund Series 8 Regular Growth
Union Balanced Advantage Fund Regular Growth
Union Balanced Advantage Fund Regular IDCW
Union Balanced Advantage Fund Direct IDCW
Union Balanced Advantage Fund Direct Growth
Union Equity Savings Fund Regular Growth
Union Equity Savings Fund Regular IDCW
Union Equity Savings Fund Direct Growth
Union Equity Savings Fund Direct IDCW
Union Value Discovery Fund Regular Growth
Union Value Discovery Fund Regular IDCW
Union Value Discovery Fund Direct Growth
Union Value Discovery Fund Direct IDCW
Union Focused Fund Regular Growth
Union Focused Fund Direct IDCW
Union Focused Fund Direct Growth
Union Focused Fund Regular IDCW
Union Large & Midcap Fund Regular Growth
Union Large & Midcap Fund Regular IDCW
Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct IDCW
Union Midcap Fund Regular Growth
Union Midcap Fund Regular IDCW
Union Midcap Fund Direct Growth
Union Midcap Fund Direct IDCW
Union Hybrid Equity Fund Regular IDCW
Union Hybrid Equity Fund Regular Growth
Union Hybrid Equity Fund Direct Growth
Union Hybrid Equity Fund Direct IDCW
Union Retirement Fund Regular Growth
Union Retirement Fund Regular IDCW
Union Retirement Fund Direct Growth
Union Retirement Fund Direct IDCW
Union Multicap Fund Regular Growth
Union Multicap Fund Regular IDCW
Union Multicap Fund Direct IDCW
Union Multicap Fund Direct Growth
Fund house & investment objective
Union Mutual Fund
Rank (total assets)#27 in India
Total AUM₹8,289.10Cr
Date of Incorporation30 Dec 2009
 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 30 Dec 2009. 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 ₹8,289 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 ₹2,000. Exit load of 0.50% if redeemed within 6 months.
;
Investment ObjectiveThe 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.
;
Fund benchmarkGroww Equity Hybrid
Scheme Information Document(SID)
Fund house contact details
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
E-mail
[email protected]
Website
NA
Union Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Union Asset Allocation Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.1%	8.0%	7.7%	7.1%
Category average	4.0%	22.0%	7.9%	NA
Rank with in category	3	8	8	NA

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%

Rank (total assets)	#27 in India
Total AUM	₹8,289.10Cr

Date of Incorporation	30 Dec 2009

Fund benchmark	Groww Equity Hybrid

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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	3
Fund size	₹44.60Cr

Union Asset Allocation Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (30)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.28%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Parijat AgrawalJan 2013 - PresentView details

Vinay PahariaApr 2018 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Parijat Agrawal
Jan 2013 - Present
View details

Vinay Paharia
Apr 2018 - Present
View details