Union Asset Allocation Fund Growth
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- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Multi Asset Allocation|
|Exit Load||0.5% for 181 Days|
More about this fund
|6.35% Govt Stock 2020||22.39%|
|Reliance ETF Gold BeES||19.85%|
|7.37% Govt Stock 2023||11.36%|
|6.84% Govt Stock 2022||11.18%|
|HDFC Bank Ltd||4.66%|
|Larsen & Toubro Ltd||2.82%|
|Tata Consultancy Services Ltd||2.12%|
|Axis Bank Ltd||1.84%|
About Union Asset Allocation Fund
Being an open-ended hybrid fund, the scheme seeks to generate capital appreciation by actively investing in diversified portfolio of equity related instruments and equities, money market and debt instruments and Gold ETFs.
Pros and Cons of Union Asset Allocation Fund
This scheme is suitable for investors who are seeking:
- Medium to long term capital appreciation.
- The fund invests in equity and equity related instruments, money market and debt securities and Gold Exchange Traded Funds.
- Income through dividend as per the availability of surplus.
Fund Information and Statistics of Union Asset Allocation Fund
Inception/ Launch Date
The Union Asset Allocation Fund was launched on 25 June 2012, by Union Mutual Fund.
The scheme is not a guaranteed or assured return scheme and has a moderately high level of risk. The units of the scheme involve risks such as settlement risk, liquidity risk, trading volumes including the possible loss of principal. The value of the scheme may go up and down depending on the factors affecting the capital markets.
The dispatch of redemption proceeds within 10 business days from the date of receipt of the redemption request from the unit holder. The redemption of units can be done on all business days on NAV based prices.
Mr.Parijat Agarwal since June 2012 and Mr.Vinay Paharia since April 2018 are the fund managers of Union Asset Allocation Fund.
Entry/ Exit Load
The entry load is NIL for this investment. The exit load of 0.50% is applicable if units are redeemed within 6 months from the date of allotment of the units.
Tax benefits of investing in Union Asset Allocation Fund
The short term capital gains are taxed according to the investor’s income slab. The long term capital gains is taxed at the rate of 20% after indexation.
About Union Mutual Fund
Union Mutual Fund provides the right products at right time to the right client. By understanding the needs, they provide right financial solutions to their customers. The mutual fund promotes an investment culture that believes in systematic wealth creation in long term. Through responsible investing in capital markets their vision is to achieve sustainable prosperity.
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Frequently Asked Questions
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns