Union Asset Management Company (AMC) has unveiled what perhaps could be termed as the ‘Union Multi-Asset Allocation Fund’. This fund is an asset allocation fund, it has the goal of investing in different types of assets, to give investors a reasonable risk/reward ratio.
Fund Allocation and Strategy
The Union Multi-Asset Allocation Fund has been designed with the flexibility to invest 65% to 80% of its corpus in equities and equity-related instruments. This large equity investment is accompanied by investment in gold exchange-traded funds a 10-25% investment and investments in debt and money market instruments of 10-25%. Further, this strategic allocation is aimed at achieving the optimum of the overall growth potential with general stability in the industry.
In formulating its strategies, Union AMC relies principally on its outlook for India’s earnings, which is assumed to remain in the mid-teens over the very long term or ‘convergence. ’ Meanwhile, at the macro level, India is confined to what could be regarded as the Goldilocks stage, neither sizzling hot nor freezing cold. However, some positive signs have come from rural consumption and the festive season ahead has shown a green signal in the global uncertainties. However, the fund emphasis of the latter program will be paid to the earnings performance expected in the subsequent two quarters.
Madhu Nair, CEO of Union AMC, was clear that the multi-asset allocation strategy is on course to becoming a top segment. Having curtailed price swings and improved risk/return figures, this fund should do well in the sort of mania that is currently gripping the market.
L&T bags big order for NAINA project in Navi Mumbai
In another important development, Larson & Toubro (L&T) has recently received a large order to construct the Integrated Infrastructure Development works falling under the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra. Awarded by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), the order was worth ranging between ₹2,500 to ₹5,000 crore.
This includes works that are cited in Town Planning Schemes 2 to 7 in terms of the provision of infrastructure. To achieve this; the construction of 60 meters and 45 meters roads and several important and minor structures and related electrical works. The contract also reasserts L&T’s firm support for the promotion of infrastructure advancement in the area.
