MonitorDirect · GrowthWatch before adding
Union Multi Asset Allocation Fund
Union Mutual FundHybrid Scheme - Multi Asset Allocation2.1 years
- NAV
- 11.97
- 29 Oct 2026
- 1Y
- +2.6%
- Trailing CAGR
- AUM
- ₹988.7 Cr
- 30 Sept 2026
- Volatility
- Medium
- 11.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 97% of rolling 1-year windows.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer BANDHAN MULTI ASSET ALLOCATION FUND if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
2.1 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.32% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -12.4%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 43.1% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 12%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+8.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-2.9%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +8.5%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -12.4%
- Worst peak-to-trough
- Current
- -7.1%
- Below last peak
- Current spell
- 273 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 19 recovered episodes
- Longest recovery
- 48 days
- Trough to prior peak
29 Jan 2026 – open
Trough 23 Mar 2026 · not recovered
-12.4%
26 Sept 2024 – 17 Apr 2025
Trough 28 Feb 2025 · recovered in 48 days
-7.4%
17 Oct 2025 – 1 Dec 2025
Trough 6 Nov 2025 · recovered in 25 days
-2.4%
23 Jul 2025 – 3 Sept 2025
Trough 1 Aug 2025 · recovered in 33 days
-2.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
28
Vs category
51
Consistency
97
Risk-adjusted
39
Drawdown
69
Mean
57
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 97% of rolling 1-year windows.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 88 holdings · top 10 are 43.1%.
- Top 5
- 30.6%
- Top 10
- 43.1%
- Largest holding
- 11.7%
- Effective holdings
- 30.9
Union Gold ETF-Growth
Unspecified
11.7%
Repo
Unspecified
6.3%
ICICI Bank Ltd
Financial
4.5%
HDFC Bank Ltd
Financial
4.2%
ICICI Prudential Silver ETF - Growth
Unspecified
4.0%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANDHAN MULTI ASSET ALLOCATION FUND
Bandhan Mutual Fund
- 1Y
- +5.0%
- 3Y
- n/a
- Vol
- 9.2%
- Max DD
- -10.0%
- Sharpe
- 0.78
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bank of India Multi Asset Allocation Fund
Bank of India Mutual Fund
- 1Y
- +4.2%
- 3Y
- n/a
- Vol
- 9.1%
- Max DD
- -9.4%
- Sharpe
- 0.36
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Multi Asset Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -0.2%
- 3Y
- +13.6%
- Vol
- 10.1%
- Max DD
- -11.9%
- Sharpe
- 0.74
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Edelweiss Multi Asset Allocation Fund
Edelweiss Mutual Fund
- 1Y
- +6.1%
- 3Y
- +7.5%
- Vol
- 1.9%
- Max DD
- -1.8%
- Sharpe
- 0.77
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Nippon India Multi Asset Allocation Fund
Nippon India Mutual Fund
- 1Y
- +3.1%
- 3Y
- +17.9%
- Vol
- 9.5%
- Max DD
- -10.8%
- Sharpe
- 1.09
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns