Union Mutual Fund introduces Union Multi Asset Allocation Fund

Union Multi Asset Allocation Fund is a new open-ended hybrid scheme launched by Union Mutual Fund on August 20, 2024, aiming to close on September 3, 2024. It seeks long-term capital appreciation through a diversified portfolio including equity, debt, money market instruments, gold and silver ETFs, and REITs/InvITs. The minimum investment is ₹1,000 with an exit load of 1% for redemptions within 15 days of allotment, nil thereafter.

Objective of Scheme: The Union Multi Asset Allocation Fund 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 Silver ETFs and units of REITs & InvITs as per the asset allocation pattern of the Scheme. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk-o-meter:

Funds Allocation (for both Schemes)

Who should invest in this fund?

This NFO of the Union Multi Asset Allocation Fund is suitable for investors who are seeking long-term wealth creation and investment in a diversified portfolio of equity & equity-related instruments, debt and money market instruments and units of Gold ETFs and/or Silver ETFs.

Benchmark

The performance of the Union Multi Asset Allocation Fund will be benchmarked to the performance of the 65% Nifty 50 TRI + 20% Crisil Short Term Bond Fund Index + 15% Domestic price of Gold.

Peer Fund Schemes

Who Manages the Scheme?

Hardick Bora

Hardick Bora, age 36, holds a CFA and B.Com degree. He has over 15 years of experience in the financial services sector. Since December 1, 2022, he has been serving as Co-Head Equity at Union Asset Management Company Private Limited. From October 25, 2016, to November 30, 2022, Hardick worked as Co-Fund Manager at Union Asset Management Company Private Limited. Before that, from September 10, 2014, to October 24, 2016, he was with the same company as a Research Analyst.

Sanjay Bembalkar

Sanjay Bembalkar, Co-Head of Equity at Union Asset Management Company Private Limited, has been appointed to this role effective from December 01, 2022. Sanjay holds a CFA and has completed his M.Sc. in Accounting and Finance along with a B.Com degree. With over 15 years of experience in equity research and fund management, he previously served as Co-Fund Manager at Union Asset Management Company Private Limited from June 07, 2021, to November 30, 2022.

Anindya Sarkar

Anindya Sarkar, aged 49, holds a BE in Civil Engineering, an MBA in Finance, and an MBA in Risk & Insurance, and is a certified FRM. He has over 18 years of experience in the financial services sector. He was appointed as Co-Fund Manager at Union Asset Management Company Private Limited on November 1, 2018. Before this, he worked with Union Asset Management Private Limited from September 1, 2010, to October 31, 2018, where his last position was Vice President of Risk Management. He is the Fund Manager for Fixed Income, and the scheme under his management is new, so the tenure is not applicable.

Conclusion

The Union Multi Asset Allocation Fund offers a balanced investment approach, combining multiple asset classes for potential long-term growth. It is suitable for investors seeking diversified exposure with varied risk profiles.