Union Multi Asset Allocation Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Portfolio Turnover Ratio : 125.00%. Category average turnover ratio is 291.65%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 68.55% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 68.55%

No of Stocks : 67 (Category Avg - 68.00) | Large Cap Investments : 34.68%| Mid Cap Investments : 9.06% | Small Cap Investments : 7.36% | Other : 17.45%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	67	64.97
Top 5 Stock Weight	20.61%	16.84%
Top 10 Stock Weight	30.67%	25.55%
Top 3 Sector Weight	24.26%	19.32%

Category - Multi Asset Allocation

Particulars	This Scheme	Category
Average mcap (Cr)	102060.10	74492.49
Holdings in large cap stocks	34.68%	30.65%
Holdings in mid cap stocks	9.06%	6.18%
Holdings in small cap stocks	7.36%	4.43%

Category - Multi Asset Allocation

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	489	6.05%	0.75%	6.05% (Oct 2025)	3.7% (Jan 2025)	4.95 L	61.60 k
ICICI Bank Ltd.	Private sector bank	340.4	4.21%	0.27%	4.36% (Jul 2025)	3.26% (Dec 2024)	2.53 L	25.90 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	285.2	3.53%	0.18%	3.58% (Mar 2025)	2.39% (Aug 2025)	1.39 L	0.00
Reliance Industries Ltd.	Refineries & marketing	280.3	3.47%	0.16%	3.55% (Jun 2025)	2.47% (Mar 2025)	1.89 L	0.00
State Bank Of India	Public sector bank	270.4	3.35%	0.11%	3.35% (Oct 2025)	1.37% (Dec 2024)	2.89 L	0.00
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	212.9	2.63%	0.66%	2.63% (Oct 2025)	0.41% (Nov 2024)	13.15 k	3.60 k
Infosys Ltd.	Computers - software & consulting	177	2.19%	-0.02%	2.85% (Jan 2025)	2.19% (Oct 2025)	1.19 L	0.00
ITC Limited	Diversified fmcg	146.7	1.82%	0.02%	2.54% (Dec 2024)	1.8% (Sep 2025)	3.49 L	0.00
TVS Motor Company Ltd.	2/3 wheelers	138.6	1.71%	-0.04%	1.75% (Sep 2025)	0.58% (Dec 2024)	39.50 k	0.00
Axis Bank Ltd.	Private sector bank	138.2	1.71%	0.08%	2.33% (Nov 2024)	1.53% (Aug 2025)	1.12 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

None
Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	15.14	489	6.05%	0.75%	6.05% (Oct 2025)	3.7% (Jan 2025)	4.95 L	61.60 k	Other	17.45
ICICI Bank Ltd.	Private sector bank	15.14	340.4	4.21%	0.27%	4.36% (Jul 2025)	3.26% (Dec 2024)	2.53 L	25.90 k	Large Cap	34.68
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.53	285.2	3.53%	0.18%	3.58% (Mar 2025)	2.39% (Aug 2025)	1.39 L	0.00	Large Cap	34.68
Reliance Industries Ltd.	Refineries & marketing	4.15	280.3	3.47%	0.16%	3.55% (Jun 2025)	2.47% (Mar 2025)	1.89 L	0.00	Large Cap	34.68
State Bank Of India	Public sector bank	3.35	270.4	3.35%	0.11%	3.35% (Oct 2025)	1.37% (Dec 2024)	2.89 L	0.00	Large Cap	34.68
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.31	212.9	2.63%	0.66%	2.63% (Oct 2025)	0.41% (Nov 2024)	13.15 k	3.60 k	Large Cap	34.68
Infosys Ltd.	Computers - software & consulting	4.97	177	2.19%	-0.02%	2.85% (Jan 2025)	2.19% (Oct 2025)	1.19 L	0.00	Large Cap	34.68
ITC Limited	Diversified fmcg	2.53	146.7	1.82%	0.02%	2.54% (Dec 2024)	1.8% (Sep 2025)	3.49 L	0.00	Large Cap	34.68
TVS Motor Company Ltd.	2/3 wheelers	2.21	138.6	1.71%	-0.04%	1.75% (Sep 2025)	0.58% (Dec 2024)	39.50 k	0.00	Mid Cap	9.06
Axis Bank Ltd.	Private sector bank	15.14	138.2	1.71%	0.08%	2.33% (Nov 2024)	1.53% (Aug 2025)	1.12 L	0.00	Large Cap	34.68
Kotak Mahindra Bank Ltd.	Private sector bank	15.14	132.4	1.64%	0.08%	1.64% (Oct 2025)	0.53% (Nov 2024)	63.00 k	2.00 k	Large Cap	34.68
Larsen & Toubro Ltd.	Civil construction	1.6	129	1.60%	0.09%	1.6% (Oct 2025)	1.28% (Feb 2025)	32.00 k	0.00	Large Cap	34.68
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3.66	115.2	1.43%	0.01%	2.49% (May 2025)	1.26% (Jul 2025)	1.11 L	0.00	Other	17.45
Gabriel India Ltd.	Auto components & equipments	1.18	95.5	1.18%	0.04%	1.18% (Oct 2025)	0% (Nov 2024)	75.00 k	0.00	Small Cap	7.36
Coromandel International Ltd.	Fertilizers	1.07	86.5	1.07%	-0.11%	1.42% (Jul 2025)	0% (Nov 2024)	40.70 k	0.00	Mid Cap	9.06
Tata Consultancy Services Ltd.	Computers - software & consulting	4.97	82.6	1.02%	0.02%	1.75% (Feb 2025)	1% (Sep 2025)	27.00 k	0.00	Large Cap	34.68
Bharat Electronics Ltd.	Aerospace & defense	1.88	81.8	1.01%	0.01%	1.39% (May 2025)	0.47% (Dec 2024)	1.92 L	0.00	Mid Cap	9.06
Karur Vysya Bank Ltd	Private sector bank	15.14	75.9	0.94%	0.09%	0.94% (Oct 2025)	0.46% (Dec 2024)	3.12 L	0.00	Small Cap	7.36
HCL Technologies Limited	Computers - software & consulting	4.97	70.9	0.88%	0.06%	1.69% (Jan 2025)	0.82% (Sep 2025)	46.00 k	0.00	Large Cap	34.68
Hindustan Aeronautics Ltd.	Aerospace & defense	1.88	70.2	0.87%	0.47%	0.87% (Oct 2025)	0% (Nov 2024)	15.00 k	8.40 k	Other	17.45
Lupin Ltd.	Pharmaceuticals	1.79	69.3	0.86%	-0.01%	0.97% (Dec 2024)	0.84% (Nov 2024)	35.28 k	-0.13 k	Large Cap	34.68
Eternal Ltd.	E-retail/ e-commerce	1.22	69	0.85%	-0.06%	1.13% (Feb 2025)	0.55% (Mar 2025)	2.17 L	0.00	Other	17.45
Shriram Finance Ltd.	Non banking financial company (nbfc)	3.66	67.4	0.83%	0.12%	0.83% (Oct 2025)	0.58% (Jan 2025)	90.00 k	0.00	Other	17.45
GE T&D India Ltd.	Heavy electrical equipment	1.23	65.9	0.82%	-0.01%	0.83% (Sep 2025)	0.45% (Feb 2025)	21.70 k	0.00	Small Cap	7.36
- Blue Star Ltd.	Household appliances	1.28	65.9	0.82%	0.00%	0.92% (Mar 2025)	0.66% (May 2025)	34.00 k	0.00	Small Cap	7.36
Max Financial Services Ltd.	Life insurance	0.8	64.8	0.80%	-0.05%	0.88% (Aug 2025)	0.53% (Feb 2025)	41.90 k	0.00	Mid Cap	9.06
Jubilant Foodworks Ltd.	Restaurants	0.78	63.3	0.78%	-0.06%	0.95% (Apr 2025)	0.66% (Nov 2024)	1.06 L	0.00	Other	17.45
Jindal Steel Ltd.	Iron & steel products	0.78	62.9	0.78%	-0.03%	0.81% (Sep 2025)	0.35% (Jan 2025)	59.00 k	0.00	Mid Cap	9.06
Jio Financial Services Ltd.	Non banking financial company (nbfc)	3.66	61.4	0.76%	0.01%	0.85% (Jul 2025)	0% (Nov 2024)	2.00 L	0.00	Other	17.45
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1.79	60.6	0.75%	0.02%	1.38% (Apr 2025)	0.73% (Sep 2025)	35.85 k	0.00	Large Cap	34.68
- Solar Industries India Ltd.	Explosives	0.74	59.7	0.74%	0.00%	0.95% (Jun 2025)	0% (Nov 2024)	4.30 k	0.00	Small Cap	7.36
Hindustan Unilever Ltd.	Diversified fmcg	2.53	57.2	0.71%	-0.04%	1.65% (May 2025)	0.71% (Oct 2025)	23.20 k	0.00	Large Cap	34.68
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	4.15	55.3	0.68%	0.02%	0.68% (Oct 2025)	0.43% (Feb 2025)	1.16 L	0.00	Large Cap	34.68
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.31	55.1	0.68%	-0.02%	0.7% (Sep 2025)	0% (Nov 2024)	15.80 k	0.00	Large Cap	34.68
Fortis Healthcare Ltd.	Hospital	0.99	54.5	0.67%	0.01%	0.88% (Aug 2025)	0.56% (Nov 2024)	53.30 k	0.00	Other	17.45
Dixon Technologies (India) Ltd.	Consumer electronics	0.67	54.2	0.67%	-0.06%	0.76% (Aug 2025)	0.58% (Mar 2025)	3.50 k	0.00	Other	17.45
National Thermal Power Corporation Ltd.	Power generation	1.16	52.9	0.65%	-0.04%	1.3% (Nov 2024)	0.61% (Jan 2025)	1.57 L	0.00	Large Cap	34.68
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	3.66	52	0.64%	0.01%	0.64% (Oct 2025)	0.42% (Dec 2024)	30.63 k	0.00	Other	17.45
Doms Industries Ltd.	Stationary	0.6	48.9	0.60%	-0.01%	0.61% (Sep 2025)	0.42% (Jan 2025)	19.00 k	0.00	Other	17.45
Federal Bank Ltd.	Private sector bank	15.14	47.3	0.59%	0.09%	0.59% (Oct 2025)	0% (Nov 2024)	2.00 L	0.00	Mid Cap	9.06
Trent Limited	Speciality retail	0.58	46.9	0.58%	-0.02%	0.83% (Dec 2024)	0.58% (Oct 2025)	10.00 k	0.00	Mid Cap	9.06
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	0.99	46.3	0.57%	0.02%	0.6% (Nov 2024)	0.34% (Feb 2025)	46.30 k	0.00	Small Cap	7.36
LTIMindtree Ltd.	Computers - software & consulting	4.97	45.5	0.56%	0.03%	0.71% (Nov 2024)	0.45% (Mar 2025)	8.00 k	0.00	Mid Cap	9.06
Sumitomo Chemical India Private Ltd.	Pesticides & agrochemicals	0.56	45.2	0.56%	-0.06%	0.76% (Jul 2025)	0.41% (Jan 2025)	90.00 k	0.00	Other	17.45
Tata Consumer Products Ltd.	Tea & coffee	0.55	44.9	0.55%	-0.01%	0.56% (Sep 2025)	0% (Nov 2024)	38.50 k	0.00	Mid Cap	9.06
United Spirits Ltd.	Breweries & distilleries	0.55	44.4	0.55%	0.02%	0.61% (Apr 2025)	0.5% (Feb 2025)	31.00 k	0.00	Large Cap	34.68
J K Lakshmi Cement Ltd.	Cement & cement products	1.04	43.7	0.54%	-0.01%	0.63% (Jul 2025)	0.43% (Feb 2025)	50.26 k	0.00	Small Cap	7.36
Gokaldas Exports Ltd.	Garments & apparels	0.53	43.2	0.53%	0.05%	0.68% (Dec 2024)	0.45% (Aug 2025)	51.47 k	0.00	Small Cap	7.36
Home First Finance Company India Ltd.	Housing finance company	0.52	41.8	0.52%	-0.03%	0.6% (Jun 2025)	0% (Nov 2024)	35.00 k	0.00	Other	17.45
J S W Energy Ltd.	Power generation	1.16	41	0.51%	-0.02%	0.59% (Nov 2024)	0.46% (Feb 2025)	77.81 k	0.00	Mid Cap	9.06
Ultratech Cement Ltd.	Cement & cement products	1.04	40.6	0.50%	-0.03%	0.53% (Sep 2025)	0% (Nov 2024)	3.40 k	0.00	Large Cap	34.68
Inventurus Knowledge Solutions Ltd.	It enabled services – software	0.5	40.3	0.50%	0.28%	0.5% (Oct 2025)	0% (Nov 2024)	24.50 k	12.70 k	Other	17.45
Hero Motocorp Ltd.	2/3 wheelers	2.21	38.8	0.48%	-0.01%	0.49% (Sep 2025)	0.33% (Feb 2025)	7.00 k	0.00	Large Cap	34.68
Pidilite Industries Ltd.	Specialty chemicals	0.9	37.6	0.46%	-0.03%	0.64% (Nov 2024)	0.44% (Feb 2025)	26.00 k	0.00	Large Cap	34.68
Crompton Greaves Consumer Electricals Ltd.	Household appliances	1.28	37.2	0.46%	-0.03%	0.62% (Nov 2024)	0.46% (Oct 2025)	1.31 L	-0.50 k	Mid Cap	9.06
- SRF Ltd.	Specialty chemicals	0.9	35.2	0.44%	0.00%	0.49% (Jun 2025)	0% (Nov 2024)	12.00 k	0.00	Mid Cap	9.06
Kirloskar Pneumatic Co. Ltd.	Compressors, pumps & diesel engines	0.99	34.2	0.42%	-0.05%	0.62% (Nov 2024)	0.39% (Feb 2025)	30.60 k	0.00	Small Cap	7.36
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	1.23	33.2	0.41%	-0.02%	0.43% (Sep 2025)	0.33% (Feb 2025)	45.00 k	0.00	Small Cap	7.36
Kaynes Technology India Private Ltd.	Industrial products	0.39	31.5	0.39%	-0.04%	0.43% (Sep 2025)	0.25% (Feb 2025)	4.70 k	0.00	Other	17.45
Greenply Industries Ltd.	Plywood boards/ laminates	0.39	31.2	0.39%	-0.01%	0.43% (Jul 2025)	0.34% (Jan 2025)	1.02 L	0.00	Small Cap	7.36
FSN E-Commerce Ventures Ltd.	E-retail/ e-commerce	1.22	29.8	0.37%	0.01%	0.37% (Oct 2025)	0% (Nov 2024)	1.20 L	0.00	Other	17.45
- Max Healthcare Institute Ltd.	Hospital	0.99	25.8	0.32%	0.00%	0.57% (Dec 2024)	0.28% (Feb 2025)	22.50 k	0.00	Other	17.45
Persistent Systems Ltd.	Computers - software & consulting	4.97	25.7	0.32%	0.05%	0.6% (Nov 2024)	0.27% (Sep 2025)	4.35 k	0.00	Other	17.45
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.31	25	0.31%	0.01%	0.31% (Jan 2025)	0% (Nov 2024)	98.00 k	0.00	Large Cap	34.68
Glenmark Life Sciences Ltd.	Pharmaceuticals	1.79	14.5	0.18%	-0.33%	0.61% (Jan 2025)	0.18% (Oct 2025)	16.00 k	-0.27 L	Other	17.45
- Digitide Solutions Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.12	9.3	0.12%	0.00%	0.18% (Jul 2025)	0% (Nov 2024)	58.74 k	0.00	Other	17.45
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	2.21	1.6	0.02%	0.00%	0% (Nov 2025)	0% (Nov 2025)	1.58 L	0.00	Other	17.45
Quess Corp Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.12	15	0.00%	-0.19%	-	-	-	-	Small Cap	7.36
Tata Motors Ltd.	Passenger cars & utility vehicles	3.31	34.3	0.00%	-0.44%	-	-	-	-	Large Cap	34.68

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Quess Corp Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	15	0.00%	-0.19%	0.48% (Mar 2025)	0% (Nov 2024)	0.00	-58736
Tata Motors Ltd.	Passenger cars & utility vehicles	34.3	0.00%	-0.44%	0.94% (May 2025)	0% (Nov 2024)	0.00	-50400

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	6.05%	5.30%	5.38%	5.67%	5.44%	5.37%	5.00%	4.78%	4.09%	3.70%	4.29%	4.52%	4.42%
ICICI Bank Ltd.	4.21%	3.94%	4.14%	4.36%	4.11%	4.18%	4.06%	3.86%	3.32%	3.26%	3.26%	3.26%	3.28%
Reliance Industries Ltd.	3.47%	3.31%	3.34%	3.40%	3.55%	3.41%	3.32%	2.47%	2.94%	2.92%	2.74%	2.88%	3.00%
Bharti Airtel Ltd.	3.53%	3.35%	2.39%	2.41%	2.44%	2.60%	2.97%	3.58%	3.26%	3.18%	3.03%	3.42%	3.42%
Infosys Ltd.	2.19%	2.21%	2.29%	2.33%	2.40%	2.38%	2.24%	2.36%	2.71%	2.85%	2.78%	2.72%	2.60%
State Bank Of India	3.35%	3.24%	3.02%	2.36%	2.35%	2.37%	2.26%	1.70%	1.53%	1.62%	1.37%	1.43%	1.41%
ITC Limited	1.82%	1.80%	1.87%	1.86%	1.82%	1.86%	2.33%	2.26%	2.18%	1.86%	2.54%	2.48%	2.57%
Axis Bank Ltd.	1.71%	1.63%	1.53%	1.55%	1.68%	1.70%	1.66%	1.56%	2.29%	2.10%	2.21%	2.33%	2.41%
Bajaj Finance Ltd.	1.43%	1.42%	1.27%	1.26%	1.30%	2.49%	2.30%	2.39%	2.29%	2.00%	1.69%	1.61%	1.70%
Larsen & Toubro Ltd.	1.60%	1.51%	1.50%	1.51%	1.47%	1.50%	1.34%	1.41%	1.28%	1.36%	1.35%	1.37%	1.35%
Hindustan Unilever Ltd.	0.71%	0.75%	0.81%	0.76%	1.58%	1.65%	1.61%	1.57%	1.52%	1.62%	1.49%	1.58%	1.62%
Tata Consultancy Services Ltd.	1.02%	1.00%	1.09%	1.06%	1.17%	1.19%	1.17%	1.23%	1.75%	1.33%	1.29%	1.33%	1.25%
TVS Motor Company Ltd.	1.71%	1.75%	1.69%	1.43%	1.44%	1.40%	1.32%	1.20%	1.11%	0.62%	0.58%	0.59%	0.61%
Kotak Mahindra Bank Ltd.	1.64%	1.56%	1.33%	1.33%	1.41%	1.37%	1.44%	1.42%	1.25%	0.59%	0.54%	0.53%	0.52%
Maruti Suzuki India Ltd.	2.63%	1.97%	1.84%	1.22%	1.16%	1.17%	1.14%	1.08%	0.81%	0.64%	0.41%	0.41%	0.42%

No of Debt Holding 6 (Category Avg - 17.77) | Modified Duration 3.16 Years (Category Avg - 2.55)| Yield to Maturity 6.28% (Category Avg - 6.49%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	7.12%
CD	0.00%	0.81%
T-Bills	0.83%	0.72%
CP	0.00%	0.48%
NCD & Bonds	7.50%	8.20%
PTC	0.00%	0.09%

Category - Multi Asset Allocation

Security Type	% Weight	Category Average
Government Backed	0.83%	7.84%
Low Risk	7.50%	9.40%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Multi Asset Allocation

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	253.18	3.13%	25.00 Cr
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	252.32	3.12%	25.00 Cr
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	100.72	1.25%	10.00 Cr
Bond - T-Bill	T-Bills	Other			49.34	0.61%	5.00 Cr
Bond - T-Bill	T-Bills	Other			14.84	0.18%	1.50 Cr
Bond - T-Bill	T-Bills	Other			3.48	0.04%	35.00 L