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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹12.1600 | — | — | — | — | — | — |
| Regular Growth | ₹11.9200 | +0.93% | -3.09% | +3.29% | +14.84% | — | — |
| Direct IDCW | ₹12.1600 | — | — | — | — | — | — |
| Regular IDCW | ₹11.9200 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.