July 29, 2024
mayank
Union Multi Asset Allocation Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Union Multi Asset Allocation Fund Open Date, Close Date?
NFO opens on August 20, 2024
NFO will close on September 03, 2024
What is Fund Investment Strategy?
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.
Basic Details
| Fund House | Union Mutual Fund |
| Issue Open | 20 August 2024 |
| Issue Close | 03 September 2024 |
| Type | Open-ended |
| Category | Hybrid: Multi Asset Allocation |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY 50 TRI (65), CRISIL Short-Term Bond Index (20), Domestic Price of Gold (15) |
What is the Benchmark Index of Union Multi Asset Allocation Fund?
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
Performance Review of the Fund Managers of Union Multi Asset Allocation Fund?
1) Hardick Bora
Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience: Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services Pvt. Ltd.
Past Performance of his Schemes
| Fund | Union Small Cap Fund | It’s Benchmark | Union Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 39.62 | 54.01 | 21.31 | 23.50 |
| 3 Year | 21.36 | 25.55 | 12.44 | 15.47 |
| 5 Year | 31.24 | 30.49 | 14.32 | 16.36 |
| 7 Year | 18.30 | 17.03 | — | — |
| 10 Year | 16.78 | 16.81 | — | — |
AS ON 29-7-2024
2) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
Past Performance of his Schemes
| Fund | Union ELSS Tax Saver Fund | It’s Benchmark | Union Largecap Fund | It’s Benchmark |
| 1 Year | 33.93 | 38.26 | 29.68 | 32.15 |
| 3 Year | 20.13 | 20.65 | 17.32 | 19.14 |
| 5 Year | 23.06 | 21.88 | 18.42 | 19.72 |
| 7 Year | 16.71 | 16.42 | 13.52 | 15.66 |
| 10 Year | 14.28 | 15.48 | — | — |
AS ON 29-7-2024
3) Anindya Sarkar
Education: Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
Experience: Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.
Past Performance of his Schemes
| Fund | Union Corporate Bond Fund | It’s Benchmark | Union Medium Duration Fund | It’s Benchmark |
| 1 Year | 7.08 | 7.84 | 7.02 | 7.84 |
| 3 Year | 4.93 | 5.92 | 4.77 | 5.92 |
| 5 Year | 6.34 | 5.43 | — |
— |
| 7 Year | — | — | — | — |
| 10 Year | — |
— |
— | — |
AS ON 29-7-2024
Which Company Owns Union Multi Asset Allocation Fund?
Union Asset Management Company Pvt. Ltd.
Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059
Website: https://www.unionmf.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Union Multi Asset Allocation Fund NFO?
Guidance for Union Multi Asset Allocation Fund by Paresh Gordhandas, C.A., Research Analyst.
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