Overview
Union Balanced Advantage Fund Direct Growth
Union Mutual Fund
The scheme seeks to achieve long term capital appreciation and generate income through an equity portfolio by using long equities, equity derivatives and arbitrage opportunities available.
Investments in Union Balanced Advantage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 21.01
Fund Size (AUM)
₹1365.41 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 1000
SIP: ₹500
Launch Date
29-Dec-2017
Expense Ratio
0.88%
Exit Load
Exit load of 1%, if redeemed within 15 days.
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Standard Deviation
7.2
History
Performance & Ratios
1-Year SIP Return
-5.79%
3-Year SIP Return
8.33%
5-Year SIP Return
9.84%
Mean Return
-
Alpha
0.41
Beta
0.66
Sharpe Ratio
0.53
Sortino Ratio
0.87
Information Ratio
-0.33
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 8.53% | 10.78% | 15.72% | 11.81% |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | 26 | 22 | 14 | N/A |
Holdings (119)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 4.95% |
| ICICI Bank Ltd. | Financial | Equity | 4.17% |
| Reliance Industries Ltd. | Energy | Equity | 3.67% |
| Reserve Bank of India | Financial | T-Bills | 3.66% |
| Bharti Airtel Ltd. | Communication | Equity | 3.05% |
| Reserve Bank of India | Financial | T-Bills | 2.91% |
| Infosys Ltd. | Technology | Equity | 2.55% |
| GOI | Sovereign | GOI Sec | 2.24% |
| Larsen & Toubro Ltd. | Construction | Equity | 1.92% |
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 1.88% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Growth | 94824.34 | 10.74 | 19.79 | 0.88 | N/A |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth | 4073.23 | 9.95 | 14.24 | 0.77 | N/A |
| SBI Balanced Advantage Fund Direct Growth | 34015.41 | 9.04 | 13.96 | 0.71 | N/A |
| ICICI Prudential Balanced Advantage Direct Growth | 60591.13 | 11.47 | 13.24 | 0.92 | N/A |
| Tata Balanced Advantage Fund Direct Growth | 10075.2 | 7.56 | 12.03 | 0.36 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 100
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Union Mutual Fund
Union KBC Mutual Fund started their mutual fund on 23/03/2011 and its managing total assets of ₹3,811 Cr. Its ranked at 30 as per total assets at end of 30th Sep 2017. Union Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Union Mutual Fund is sponsored by Union Bank of India and is therefore a trusted brand for investors.
Union Mutual Fund visions to obtain prosperity by responsibly investing in the capital market. Their aim is to provide the right client, the right product at the right time. The asset management company aims at understanding the investor's needs better and customizes products in a way that will be beneficial to them.
It believes in creating an investment platform which is sustainable for the long-term and helps investors to create wealth systematically. The fund house provides various mutual funds across different market capitalization and categories, in order to apppeal to investors with various needs. Union Mutual Fund targets to give its investors a brilliant investing experience and choose mutual fund as an instrument for the long haul.
Launch Date
2009-12-30T00:00:00.610Z
Total AUM
₹ 18837.14 Cr
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
(022) 6748 3300
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Union Balanced Advantage Fund Direct Growth
Union Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Union Balanced Advantage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Union Balanced Advantage Fund Direct Growth?
The top stocks held by Union Balanced Advantage Fund Direct Growth include HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd..
Which industries does Union Balanced Advantage Fund Direct Growth invest in?
Union Balanced Advantage Fund Direct Growth primarily invests in the following industries: Financial, Energy, Communication.
Who are the fund managers of Union Balanced Advantage Fund Direct Growth?
The fund managers of Union Balanced Advantage Fund Direct Growth are Parijat Agrawal and Sanjay Bembalkar and Gaurav Chopra.
How many years has the fund manager been managing Union Balanced Advantage Fund Direct Growth?
Parijat Agrawal:
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Sanjay Bembalkar:
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Gaurav Chopra:
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What is the minimum investment for Union Balanced Advantage Fund Direct Growth?
The minimum investment for Union Balanced Advantage Fund Direct Growth is ₹1000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Union Balanced Advantage Fund Direct Growth?
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What are the average 3-year returns for Union Balanced Advantage Fund Direct Growth?
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What is the expense ratio of Union Balanced Advantage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Union Balanced Advantage Fund Direct Growth is 0.88%. The average expense ratio for similar funds in the Hybrid is Calculating....