Union Asset Allocation Fund Growth is a Hybrid Mutual Fund Scheme launched by Union KBC Mutual Fund. This scheme was introduced to investors on 25 Jun 2012. Parijat Agrawal, Ashish Ranawade is the Current Fund Manager of Union Asset Allocation Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹45 Cr and the Latest NAV as of 20 Mar 2019 is ₹15.89.
The Union Asset Allocation Fund Growth is rated Moderately High risk. Minimum SIP Investment is 2000. Exit load of 0.50% if redeemed within 6 months..
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.
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)
Min for First Investment
Min for Second Investment
Exit load of 0.50% if redeemed within 6 months.