Union Multi Asset Allocation Fund
Multi Asset Allocation · Union Asset Management Company Private Limited
Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹89,990. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Union Multi Asset Allocation Fund is a Multi Asset Allocation fund from Union Asset Management Company Private Limited. It has a track record of about 2.0 years. As of the latest data it carries an RS rating of 62/99 (its recent momentum versus category peers). The current NAV is ₹12.25 (as of 2026-09-16).
Growth of ₹100 - last 2 years
Union Multi Asset Allocation Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -2.93% | -2.41% |
| 3 months | 0.16% | 0.27% |
| 6 months | 1.83% | 3.31% |
| 1 year | 10.16% | 9.14% |
Its trailing one-year return is 10.16%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Union Multi Asset Allo | Benchmark |
|---|---|---|
| 2025 | +20.4% | n/a |
| 2026 | +1.3% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -10.01% | -13.03% |
| Worst drawdown (3Y) | -10.01% | -9.53% |
| Volatility (1Y) | 15.74% | 12.1% |
| Sharpe (3Y) | 0.31 | 0.74 |
| Bull-market return | 36.7% | 28.84% |
| Bear-market return | -18.0% | -11.07% |
Timing matters more than people admit: the best possible 1-year stretch in Union Multi Asset Allocation Fund (starting 2025-02-28) gained 33.2%, while the worst (starting 2024-09-26) still made 8.6%. The worst peak-to-bottom fall Union Multi Asset Allocation Fund has ever put investors through is -10.01% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -18.0% annualised, versus 36.7% in rising markets.
How Union Multi Asset Allocation Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Union Multi Asset Allocation Fund has historically returned about -18.0% annualised, versus roughly 36.7% when the market is rising. Its deepest fall on record is -10.01%. Right now it sits about 3.47% below its all-time high (last hit 2026-02-11). The real question isn't the average year - it's whether you could hold on through the worst one.
How Union Multi Asset Allocation Fund ranks in its category
Percentile versus its ~128 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
What Union Multi Asset Allocation Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 25.7% of the portfolio, across 76 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
Union Multi Asset Allocation Fund shares Nippon India Multi Asset Allocation Fund (2%), Aditya Birla Sun Life Multi Asset Allocation Fund (1%), WhiteOak Capital Multi Asset Allocation Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages Union Multi Asset Allocation Fund - and how good are they?
Union Multi Asset Allocation Fund is managed by Anindya Sarkar, Sanjay Bembalkar and Vinod Malviya. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Anindya Sarkar's full record
Anindya Sarkar currently runs 3 funds, across FoF Domestic, Multi Asset Allocation, Short Duration Fund, with about ₹1,057 Cr under management.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Union Multi Asset Allocation Fund (this page) | 62 | n/a | 0.2% | 1.8% | 10.2% | n/a | n/a | n/a | 0.31 | n/a | -10.0% |
| 2 | Union Short Duration Fund | 56 | n/a | 1.0% | 2.6% | 5.0% | n/a | n/a | n/a | -0.07 | n/a | -0.5% |
| 3 | Union Income Plus Arbitrage Active FOF | 40 | n/a | 1.3% | 2.5% | 4.7% | n/a | n/a | n/a | -1.21 | n/a | -1.0% |
Sanjay Bembalkar's full record
Sanjay Bembalkar currently runs 9 funds, across Dynamic Asset Allocation or Balanced Advantage, ELSS, Flexi Cap Fund, Large Cap Fund and more, with about ₹9,031 Cr under management. The book's average King Score is 63.5/100. Their strongest fund by King Score is Union Multicap Fund (78/100); Union Multi Asset Allocation Fund ranks #8 of 9 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Union Multicap Fund | 83 | 78 | 3.8% | 13.2% | 8.5% | 14.0% | n/a | n/a | 0.47 | 18.8% | -19.8% |
| 2 | Union Innovation & Opportunities Fund | 91 | 76 | 9.8% | 24.1% | 10.6% | 18.2% | n/a | n/a | 0.62 | n/a | -23.9% |
| 3 | Union ELSS Tax Saver Fund | 40 | 62 | 0.2% | 4.8% | -2.4% | 9.2% | 9.7% | 12.6% | 0.19 | 14.2% | -35.4% |
| 4 | Union Balanced Advantage Fund | 67 | 60 | 0.6% | 2.9% | 0.2% | 7.6% | 7.4% | n/a | 0.13 | 12.0% | -23.8% |
| 5 | Union Flexi Cap Fund | 52 | 60 | 2.5% | 7.3% | 0.8% | 10.2% | 9.8% | 13.1% | 0.26 | 13.8% | -35.4% |
| 6 | Union Largecap Fund | 42 | 45 | -1.5% | 0.5% | -4.8% | 6.5% | 6.8% | n/a | 0.01 | 14.2% | -36.4% |
| 7 | Union Active Momentum Fund | 88 | n/a | 5.2% | 23.1% | 16.9% | n/a | n/a | n/a | -0.28 | n/a | -26.6% |
| 8 | Union Multi Asset Allocation Fund (this page) | 62 | n/a | 0.2% | 1.8% | 10.2% | n/a | n/a | n/a | 0.31 | n/a | -10.0% |
| 9 | Union Consumption Fund | n/a | n/a | 4.5% | 9.7% | n/a | n/a | n/a | n/a | n/a | n/a | -16.8% |
Vinod Malviya's full record
Vinod Malviya currently runs 8 funds, across ELSS, Flexi Cap Fund, FoF Domestic, Focused Fund and more, with about ₹6,308 Cr under management. The book's average King Score is 65.2/100. Their strongest fund by King Score is Union Value Fund (72/100); Union Multi Asset Allocation Fund ranks #7 of 8 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Union Value Fund | 45 | 72 | -1.7% | 2.6% | -0.6% | 10.8% | 11.9% | n/a | 0.28 | 20.0% | -37.7% |
| 2 | Union Large & Midcap Fund | 78 | 66 | 2.2% | 8.6% | 2.9% | 11.6% | 11.1% | n/a | 0.32 | 18.8% | -35.6% |
| 3 | Union Focused Fund | 70 | 66 | 1.2% | 9.6% | 3.8% | 10.1% | 9.2% | n/a | 0.24 | 16.1% | -34.0% |
| 4 | Union ELSS Tax Saver Fund | 40 | 62 | 0.2% | 4.8% | -2.4% | 9.2% | 9.7% | 12.6% | 0.19 | 14.2% | -35.4% |
| 5 | Union Flexi Cap Fund | 52 | 60 | 2.5% | 7.3% | 0.8% | 10.2% | 9.8% | 13.1% | 0.26 | 13.8% | -35.4% |
| 6 | Union Gold ETF Fund of Fund | 77 | n/a | 0.2% | -2.1% | 35.8% | n/a | n/a | n/a | 1.0 | n/a | -17.2% |
| 7 | Union Multi Asset Allocation Fund (this page) | 62 | n/a | 0.2% | 1.8% | 10.2% | n/a | n/a | n/a | 0.31 | n/a | -10.0% |
| 8 | Union Consumption Fund | n/a | n/a | 4.5% | 9.7% | n/a | n/a | n/a | n/a | n/a | n/a | -16.8% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.9% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹1000 |
| Fund size (AUM) | ₹963 Cr |
| Age | 2.0 years |
| Plan / Option | Direct · Growth |
How Union Multi Asset Allocation Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Multi Asset Allocation Fund | 97 | 86 | 16.5% |
| Nippon India Multi Asset Allocation Fund | 87 | 81 | 18.3% |
| Aditya Birla Sun Life Multi Asset Allocation Fund | 79 | 73 | 15.4% |
| quant Multi Asset Allocation Fund | 89 | 70 | 21.4% |
| SBI Multi Asset Allocation Fund | 64 | 65 | 14.5% |
| Baroda BNP Paribas Multi Asset Fund | 43 | 61 | 13.8% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Union Multi Asset Allocation Fund review: the bottom line
Related
Frequently asked questions
Is Union Multi Asset Allocation Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Union Multi Asset Allocation Fund scores RS 62/99 within its category, and its worst drawdown was -10.01%. Compare those against your needs and the peer table above.
What is the NAV of Union Multi Asset Allocation Fund today?
The latest NAV is ₹12.25 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Union Multi Asset Allocation Fund?
The Direct-plan expense ratio is 0.9% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Union Multi Asset Allocation Fund?
Union Multi Asset Allocation Fund is managed by Anindya Sarkar; Sanjay Bembalkar; Vinod Malviya.
Is Union Multi Asset Allocation Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -10.01% - ₹1 lakh briefly becoming about ₹89,990. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Union Multi Asset Allocation Fund tax-efficient / what about capital gains?
As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Union Multi Asset Allocation Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.