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Union Multi Asset Allocation Fund NFO: Review, Date & Nav

  


Union Multi Asset Allocation Fund: Complete Overview

If you're an established participant or new to the world of New Fund Offer, you've come to the right place to learn about the latest trends, insights, and news of NFO Mutual Fund. Here at the Union Multi Asset Allocation Fund NFO Blog, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance.

“Union Multi Asset Allocation Fund” by Union Mutual Fund backed by Union Bank of India is an open-ended scheme that invests in Equity, Debt, Gold, and/ or Silver. The Scheme is launched under Union Asset Management Company (AMC). The NFO date is from August 20 to September 03, 2024, with an NFO price of Rs.1000 and in multiples of Rs.1 thereafter having an exit load of 1% if units are redeemed within 15 days.

 

 

Union Multi Asset Allocation Fund NFO Details

The scheme is suitable for investors who want to achieve long-term capital gain and seek to invest in units of gold and/or silver exchange-traded funds (ETFs), debt and money market instruments, and equity and equity-related instruments. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 65-80% of its units in equity and equity-related instruments, 10-25% in Debt & money market Instruments including units of debt-oriented mutual fund Schemes, 10-25% in Gold ETFs units, 0-10% in Silver ETFs units, and 0-10% in REITs and InvITs units.

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Fund Overview

The Union Multi Asset Allocation Fund NFO minimum subscription amount is Rs.1000 and in multiples of Rs.1 thereof.

Start Date

20 August 2024

End Date

03 September 2024

Allotment Date/Subscription Date/Re-open Date

Within 5 Business Days of Allotment

VRO Rating

-

Expense Ratio

Nil

Exit Load

1% of the NAV, if redeemed within 15 days.

AUM 

Rs.16877.50 crore.

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark(s)

NIFTY 50 TRI (65), CRISIL Short-Term Bond Index (20), Domestic Price of Gold (15).

Min. Investment

Rs.1000 and in multiple of Rs.1.

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 2 years, as per Tax Slab.

Long-Term Capital Gains (LTCG)

For more than 2 years, a 12.50% Tax is applicable.

 

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then within 5 business days from the allotment date, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Union Multi Asset Allocation Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to deliver long-term capital returns by investing according to the scheme's asset allocation pattern in a diversified portfolio of debt and money market instruments, equity and equity-related instruments, units of gold exchange-traded funds (ETFs) and/or silver ETFs, and units of REITs and InvITs. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Equity and equity-related instruments. 

65

80

Debt & money market Instruments including units of debt-oriented mutual fund Schemes

10

25

Gold ETFs units

10

25

Silver ETFs units

0

10

REITs and InvITs units

0

10

Peers of Union Multi Asset Allocation Fund

Scheme

1Y Return

AUM (Rs.)

UTI Multi Asset Allocation Fund

40.84%

2,912.96 Cr.

Axis Multi Asset Allocation Fund

25.75%

1,289.46 Cr.

HDFC Multi-Asset Fund

23.98%

3,348.13 Cr.

SBI Multi Asset Allocation

26.28%

5,645.39 Cr.

ICICI Prudential Multi-Asset Fund

29.35%

46,488.14 Cr.

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

  • The scheme intends to invest mostly in securities relating to equities, according to the scheme's investment goal. Equity instruments are inherently unstable and subject to daily price swings as a result of both micro and macro variables.

  • Variations in the factors influencing the capital market could affect the Scheme's performance.

  • Due to current market conditions, trading in units of the Gold/Silver ETF on the Exchange may be suspended.

  • The returns from gold and silver might not perform as well as the returns from other asset classes or the numerous broad securities markets.

  • Gold prices can also be influenced by the production and cost levels in the major gold-producing nations.

  • The investment in the scheme could increase or decrease based on a variety of variables and pressures affecting the debt and capital markets, as well as changes in the interest rate, price, and value of the securities in which the scheme invests.

Past Performance of Multi-Asset Index Funds

Multi-Asset Index Funds

NAV (Rs.)

Annualised Return

Return / Risk

Quant Multi Asset Fund Direct-Growth

141.79

44.3%

Very High Risk

ICICI Prudential Multi-Asset Fund Direct-Growth

764.74

31.6%

Very High Risk

UTI Multi Asset Allocation Fund Direct-Growth

79.09

42.5%

High Risk

Union Multi Asset Allocation Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve long-term capital gain and seek to invest in units of gold and/or silver exchange-traded funds (ETFs), debt and money market instruments, and equity and equity-related instruments. 

Union Multi Asset Allocation Fund-Growth Fund Managers:

  • Mr. Hardick Bora

  • Mr. Sanjay Bembalkar

  • Mr. Anindya Sarkar

Conclusion

The Union Multi Asset Allocation Fund is appropriate for investors who are high-risk tolerant and aiming for capital maturity over a long duration by investing in different portfolios. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

The opening date of the Scheme is 20 August 2024.

+

The closing date of the Scheme is 03 September 2024

+

NAV expands as Net Assets Value.

+

The Scheme's Fund Managers are Mr. Hardick Bora, Mr. Sanjay Bembalkar, and Mr. Anindya Sarkar.

+

The minimum investment for the Scheme is Rs.1000 and in multiple of Rs.1.



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