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.

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:

Peers of Union Multi Asset Allocation Fund

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

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.