Union Multi Asset Allocation Fund
The fund maintains a defensive posture with over a quarter in gold and cash, positioning for inflation hedging and market volatility while keeping equity exposure substantial at 68.5%. Banking and financial services dominance reflects a conservative bet on stability, though the addition of infrastructure plays like JSW and Schneider Electric signals emerging conviction in capital-intensive sectors recovering from rate pressures. The manager's shift from pharma and software into infrastructure and banking suggests rotation toward value and dividends over growth, consistent with a cautious macroeconomic outlook.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹12.2000 | — | — | — | — |
| Regular Growth | ₹11.9700 | -0.25% | +14.44% | — | — |
| Direct IDCW | ₹12.2000 | — | — | — | — |
| Regular IDCW | ₹11.9700 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| KSB Ltd. | 0.67% |
| JSW Infrastructure Ltd. | 0.62% |
| Schneider Electric Infrastructure Ltd. | 0.10% |
| Canara Bank | 2.44% |
| 364 Day Treasury Bills | 0.25% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Union Gold ETF INF582M01KS4 | 15.24% |
| 2 | TREPS | 7.35% |
| 3 | HDFC Bank Ltd. INE040A01034 | 3.97% |
| 4 | Reliance Industries Ltd. INE002A01018 | 3.89% |
| 5 | ICICI Bank Ltd. INE090A01021 | 3.32% |
| 6 | State Bank of India INE062A01020 | 3.26% |
| 7 | Bharti Airtel Ltd. INE397D01024 | 3.02% |
| 8 | Power Finance Corporation Ltd.** INE134E08NC5 | 2.53% |
| 9 | Canara Bank INE476A16H84 | 2.44% |
| 10 | Larsen & Toubro Ltd. INE018A01030 | 2.23% |
| 11 | Net Receivable / Payable | 2.17% |
| 12 | Axis Bank Ltd. INE238A01034 | 1.89% |
| 13 | Bajaj Finance Ltd. INE296A01032 | 1.68% |
| 14 | TVS Motor Company Ltd. INE494B01023 | 1.43% |
| 15 | Kotak Mahindra Bank Ltd. INE237A01036 | 1.41% |
| 16 | Data Patterns (India) Ltd. INE0IX101010 | 1.40% |
| 17 | Infosys Ltd. INE009A01021 | 1.35% |
| 18 | Maruti Suzuki India Ltd. INE585B01010 | 1.26% |
| 19 | NTPC Ltd. INE733E01010 | 1.24% |
| 20 | Tata Consumer Products Ltd. INE192A01025 | 1.08% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Union Multi Asset Allocation Fund hold?
Union Multi Asset Allocation Fund holds 80 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.68% of NAV.
What is the largest holding in Union Multi Asset Allocation Fund?
The largest position in Union Multi Asset Allocation Fund is Union Gold ETF, accounting for 15.24% of NAV in the Capital Markets sector.
Is Union Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.486, Union Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 35,691 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.68% of the portfolio.
What is the market cap allocation of Union Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Union Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 42.80%, Mid Cap: 11.15%, Small Cap: 13.13%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Multi Asset Allocation Fund invest in most?
Union Multi Asset Allocation Fund has the highest allocation to Banks (16.67%), Capital Markets (16.05%), Finance (4.31%). The fund is invested across 37 sectors in total.
How actively managed is Union Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Union Multi Asset Allocation Fund has an Active Share of 61.34%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Union Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Multi Asset Allocation Fund added 5 new stocks (including KSB Ltd.) and exited 8 stocks (including Mahindra & Mahindra Ltd.). Total holding count decreased from 85 to 82 stocks.