Union Multi Asset Allocation Fund- Direct Plan - Growth Option

Union Multi Asset Allocation Fund- Direct Plan - Growth Option holds up reasonably well within the Multi Asset Allocation category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 67/100.

Cost: At 1.3%, the expense ratio runs 100% above the Multi Asset Allocation category average of 0.65%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.79 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 13.15% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.