NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Union Multi Asset Allocation Fund Growth for NRI [10.27]

Min Investment

₹1,000

Fund Size

₹868.47 Cr

Expense Ratio

2.1%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹10.27

-0.68%

NAV as on 08 May 25, 12:00 AM

very high risk

multi asset allocation

equity

NAV as on 08 May 25, 12:00 AM

very high risk

multi asset allocation

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

-0.60%p.a.

Since Inception

About Union Multi Asset Allocation Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Union Multi Asset Allocation Fund Growth scheme from Union Asset Management Company Pvt. Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Sep 2024, Union Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 868.47 Cr fund under management as on May 2025. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.

  • Union Multi Asset Allocation Fund Growth delivered 0.0% annual returns during the last year. It has delivered -0.6% average annual returns since the fund was launched.
  • Union Multi Asset Allocation Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The Scheme seeks to generate long-term capital appreciation by investing in a diversified portfolio of Equity and Equity Related Instruments, Debt and Money Market Instruments, units of Gold Exchange Traded Funds (ETFs) and / or Silver ETFs and units of REITs & InvITs as per the asset allocation pattern of the Scheme.

Top 10 Holdings

Derivatives Total

9.81%

ICICI Pru Gold ETF

9.15%

HDFC Gold ETF

9.13%

HDFC Bank Ltd

4.52%

Bharti Airtel Ltd

3.42%

ICICI Bank Ltd

3.26%

SBI Gold ETF

3.05%

Indian Railway Finance Corporation Limited

2.88%

Reliance Industries Ltd

2.88%

Power Finance Corporation Ltd.

2.88%

Fund Managers

  1. Anindya Sarkar (Sep 2024 - Present)
  2. Sanjay Bembalkar (Sep 2024 - Present)
  3. Vinod Malviya (Nov 2024 - Present)

Key Information

View Scheme Document

Union Multi Asset Allocation Fund Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Union Multi Asset Allocation Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Union Multi Asset Allocation Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Union Multi Asset Allocation Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

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Frequently Asked Questions

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