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Union Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (21-Jan-25)
₹20.35-0.93%1D
Returns (Since Inception)
10.61%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,457 Cr
Expense Ratio
0.91%
ISIN
INF582M01DE9
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
04 Jan 2018
About this fund
Union Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 7 years and 18 days, having been launched on 04-Jan-18.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹20.35, Assets Under Management (AUM) of 1457.11 Crores, and an expense ratio of 0.91%.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹20.35, Assets Under Management (AUM) of 1457.11 Crores, and an expense ratio of 0.91%.
- Union Balanced Advantage Fund Direct Growth has given a CAGR return of 10.61% since inception.
- The fund's asset allocation comprises around 53.05% in equities, 12.49% in debts, and 34.46% in cash & cash equivalents.
- You can start investing in Union Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.67%
+10.18% (Cat Avg.)
3 Years
+9.50%
+11.09% (Cat Avg.)
5 Years
+12.25%
+12.10% (Cat Avg.)
Since Inception
+10.61%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2024
| Equity | ₹773 Cr | 53.05% |
| Debt | ₹181.97 Cr | 12.49% |
| Others | ₹502.15 Cr | 34.46% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹221.83 Cr | 15.51% |
| Treps | Cash - Repurchase Agreement | ₹81.86 Cr | 5.72% |
| 91 DTB 03012025 | Bond - Gov't/Treasury | ₹69.98 Cr | 4.89% |
| HDFC Bank Ltd | Equity | ₹61.78 Cr | 4.32% |
| Reliance Industries Ltd | Equity | ₹57.44 Cr | 4.02% |
| 191 DTB 30012025 | Bond - Gov't/Treasury | ₹49.75 Cr | 3.48% |
| 364 Days T - Bill- 06/02/2025 | Bond - Gov't/Treasury | ₹49.68 Cr | 3.47% |
| ICICI Bank Ltd | Equity | ₹48.33 Cr | 3.38% |
| Bharti Airtel Ltd | Equity | ₹38.11 Cr | 2.66% |
| Infosys Ltd | Equity | ₹36.1 Cr | 2.52% |
| National Stock Exchange Of India Ltd. 30-Jan-25 | Equity - Future | ₹35.71 Cr | 2.50% |
| 6.92% Govt Stock 2039 | Bond - Gov't/Treasury | ₹30.13 Cr | 2.11% |
| Larsen & Toubro Ltd | Equity | ₹27.13 Cr | 1.90% |
| Tata Consultancy Services Ltd | Equity | ₹25.51 Cr | 1.78% |
| Indian Railway Finance Corp Ltd. | Bond - Gov't Agency Debt | ₹25.49 Cr | 1.78% |
| Indian Railway Finance Corp Ltd. | Bond - Gov't Agency Debt | ₹25.36 Cr | 1.77% |
| Power Grid Corporation of India Ltd. | Bond - Gov't Agency Debt | ₹25.02 Cr | 1.75% |
| United Spirits Ltd | Equity | ₹22.32 Cr | 1.56% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹20.63 Cr | 1.44% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-20.62 Cr | 1.44% |
| Net Receivable / Payable | Cash - Collateral | ₹19.91 Cr | 1.39% |
| Bharat Electronics Ltd | Equity | ₹19.84 Cr | 1.39% |
| ITC Ltd | Equity | ₹19.2 Cr | 1.34% |
| Jindal Steel & Power Ltd | Equity | ₹19.04 Cr | 1.33% |
| HCL Technologies Ltd | Equity | ₹18.92 Cr | 1.32% |
| Future on Titan Co Ltd | Equity - Future | ₹-18.87 Cr | 1.32% |
| Titan Co Ltd | Equity | ₹18.73 Cr | 1.31% |
| Maruti Suzuki India Ltd | Equity | ₹15.84 Cr | 1.11% |
| Varun Beverages Ltd | Equity | ₹15.41 Cr | 1.08% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹15.23 Cr | 1.06% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-15.21 Cr | 1.06% |
| Tata Power Co Ltd | Equity | ₹15.1 Cr | 1.06% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹15.04 Cr | 1.05% |
| Bajaj Finance Ltd | Equity | ₹14.64 Cr | 1.02% |
| InterGlobe Aviation Ltd | Equity | ₹14.51 Cr | 1.01% |
| Mahindra & Mahindra Ltd | Equity | ₹14.33 Cr | 1.00% |
| Hindustan Unilever Ltd | Equity | ₹14.13 Cr | 0.99% |
| Lupin Ltd | Equity | ₹13.61 Cr | 0.95% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-13.39 Cr | 0.94% |
| Future on United Spirits Ltd | Equity - Future | ₹-13.03 Cr | 0.91% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-12.76 Cr | 0.89% |
| Axis Bank Ltd | Equity | ₹12.42 Cr | 0.87% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹12.36 Cr | 0.86% |
| Dixon Technologies (India) Ltd | Equity | ₹11.83 Cr | 0.83% |
| NTPC Ltd | Equity | ₹11.48 Cr | 0.80% |
| Oil & Natural Gas Corp Ltd | Equity | ₹11.44 Cr | 0.80% |
| State Bank of India | Equity | ₹11.37 Cr | 0.79% |
| TVS Motor Co Ltd | Equity | ₹11.19 Cr | 0.78% |
| Zomato Ltd | Equity | ₹10.89 Cr | 0.76% |
| NTPC Green Energy Ltd | Equity | ₹10.81 Cr | 0.76% |
| Future on HCL Technologies Ltd | Equity - Future | ₹-10.51 Cr | 0.73% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-10.4 Cr | 0.73% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.29 Cr | 0.72% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹10.16 Cr | 0.71% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹10.07 Cr | 0.70% |
| Future on Bajaj Auto Ltd | Equity - Future | ₹-10.04 Cr | 0.70% |
| Bajaj Auto Ltd | Equity | ₹9.96 Cr | 0.70% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-9.9 Cr | 0.69% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹9.85 Cr | 0.69% |
| Future on Eicher Motors Ltd | Equity - Future | ₹-9.26 Cr | 0.65% |
| Eicher Motors Ltd | Equity | ₹9.2 Cr | 0.64% |
| Future on Tata Motors Ltd | Equity - Future | ₹-9.07 Cr | 0.63% |
| Indus Towers Ltd. 30-Jan-25 | Equity - Future | ₹-9.05 Cr | 0.63% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹9.01 Cr | 0.63% |
| Tata Motors Ltd | Equity | ₹9 Cr | 0.63% |
| Shriram Finance Ltd | Equity | ₹8.96 Cr | 0.63% |
| JK Cement Ltd | Equity | ₹8.12 Cr | 0.57% |
| Future on Vedanta Ltd | Equity - Future | ₹-8.03 Cr | 0.56% |
| Aadhar Housing Finance Ltd | Equity | ₹8 Cr | 0.56% |
| Vedanta Ltd | Equity | ₹7.97 Cr | 0.56% |
| Ajanta Pharma Ltd | Equity | ₹7.89 Cr | 0.55% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-7.87 Cr | 0.55% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-7.68 Cr | 0.54% |
| Vodafone Idea Ltd | Equity | ₹7.65 Cr | 0.54% |
| Mphasis Ltd | Equity | ₹7.45 Cr | 0.52% |
| Pidilite Industries Ltd | Equity | ₹7.44 Cr | 0.52% |
| Future on Hero MotoCorp Ltd | Equity - Future | ₹-7.36 Cr | 0.51% |
| Hero MotoCorp Ltd | Equity | ₹7.3 Cr | 0.51% |
| Awfis Space Solutions Ltd | Equity | ₹7.25 Cr | 0.51% |
| Krishna Institute of Medical Sciences Ltd | Equity | ₹7.18 Cr | 0.50% |
| REC Ltd | Equity | ₹7.12 Cr | 0.50% |
| CG Power & Industrial Solutions Ltd | Equity | ₹6.88 Cr | 0.48% |
| Ethos Ltd | Equity | ₹6.83 Cr | 0.48% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-6.79 Cr | 0.47% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-6.51 Cr | 0.46% |
| IndusInd Bank Ltd | Equity | ₹6.48 Cr | 0.45% |
| Trent Ltd | Equity | ₹6.46 Cr | 0.45% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹-6.39 Cr | 0.45% |
| Gabriel India Ltd | Equity | ₹6.33 Cr | 0.44% |
| Info Edge (India) Ltd | Equity | ₹6.25 Cr | 0.44% |
| Jio Financial Services Ltd | Equity | ₹6.17 Cr | 0.43% |
| ABB India Ltd | Equity | ₹6.13 Cr | 0.43% |
| HDFC Asset Management Co Ltd | Equity | ₹5.97 Cr | 0.42% |
| Quess Corp Ltd | Equity | ₹5.96 Cr | 0.42% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-5.91 Cr | 0.41% |
| Ipca Laboratories Ltd | Equity | ₹5.85 Cr | 0.41% |
| Gokaldas Exports Ltd | Equity | ₹5.82 Cr | 0.41% |
| Birlasoft Ltd | Equity | ₹5.75 Cr | 0.40% |
| Future on Infosys Ltd | Equity - Future | ₹-5.67 Cr | 0.40% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-5.62 Cr | 0.39% |
| Max Financial Services Ltd | Equity | ₹5.61 Cr | 0.39% |
| JSW Energy Ltd | Equity | ₹5.57 Cr | 0.39% |
| Blue Star Ltd | Equity | ₹5.57 Cr | 0.39% |
| Coforge Ltd | Equity | ₹5.31 Cr | 0.37% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-5.3 Cr | 0.37% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹5.28 Cr | 0.37% |
| Cummins India Ltd | Equity | ₹5.25 Cr | 0.37% |
| Escorts Kubota Ltd | Equity | ₹5.13 Cr | 0.36% |
| Cipla Ltd | Equity | ₹4.97 Cr | 0.35% |
| Tata Steel Ltd | Equity | ₹4.94 Cr | 0.35% |
| Hindalco Industries Ltd | Equity | ₹4.93 Cr | 0.34% |
| KFin Technologies Ltd | Equity | ₹4.92 Cr | 0.34% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-4.61 Cr | 0.32% |
| Ambuja Cements Ltd | Equity | ₹4.58 Cr | 0.32% |
| Indian Oil Corporation Ltd. 30-Jan-25 | Equity - Future | ₹-4.42 Cr | 0.31% |
| Indian Oil Corp Ltd | Equity | ₹4.39 Cr | 0.31% |
| CE Info Systems Ltd | Equity | ₹4.36 Cr | 0.30% |
| Techno Electric & Engineering Co Ltd | Equity | ₹4.3 Cr | 0.30% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-4.23 Cr | 0.30% |
| Persistent Systems Ltd | Equity | ₹4.19 Cr | 0.29% |
| Power Grid Corp Of India Ltd | Equity | ₹4.16 Cr | 0.29% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹4 Cr | 0.28% |
| Voltas Ltd | Equity | ₹3.94 Cr | 0.28% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-3.9 Cr | 0.27% |
| Adani Enterprises Ltd | Equity | ₹3.87 Cr | 0.27% |
| Future on NTPC Ltd | Equity - Future | ₹-3.87 Cr | 0.27% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹3.72 Cr | 0.26% |
| LTIMindtree Ltd | Equity | ₹3.67 Cr | 0.26% |
| Cyient Ltd | Equity | ₹3.64 Cr | 0.25% |
| Elgi Equipments Ltd | Equity | ₹3.3 Cr | 0.23% |
| Electronics Mart India Ltd | Equity | ₹3.28 Cr | 0.23% |
| Inventurus Knowledge Solutions Ltd | Equity | ₹2.48 Cr | 0.17% |
| 182 DTB 05062025 | Bond - Gov't/Treasury | ₹1.31 Cr | 0.09% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-1.3 Cr | 0.09% |
| Kotak Mahindra Bank Ltd | Equity | ₹1.29 Cr | 0.09% |
Allocation By Market Cap (Equity)
Large Cap Stocks
35.34%
Mid Cap Stocks
9.59%
Small Cap Stocks
5.64%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹202.15 Cr | 14.13% |
| Consumer Cyclical | ₹138.87 Cr | 9.71% |
| Technology | ₹133.3 Cr | 9.32% |
| Industrials | ₹128.68 Cr | 8.99% |
| Energy | ₹77.14 Cr | 5.39% |
| Consumer Defensive | ₹71.05 Cr | 4.97% |
| Healthcare | ₹64.4 Cr | 4.50% |
| Communication Services | ₹61.01 Cr | 4.26% |
| Basic Materials | ₹57.03 Cr | 3.99% |
| Utilities | ₹47.12 Cr | 3.29% |
Risk & Performance Ratios
Standard Deviation
This fund
6.11%
Cat. avg.
7.80%
Lower the better
Sharpe Ratio
This fund
0.69
Cat. avg.
0.72
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.34
Higher the better
Fund Managers
PA
Parijat Agrawal
Since January 2018
SB
Sanjay Bembalkar
Since January 2023
Gaurav Chopra
Since November 2024
Additional Scheme Detailsas of 31st December 2024
ISIN INF582M01DE9 | Expense Ratio 0.91% | Exit Load 1.00% | Fund Size ₹1,457 Cr | Age 7 years | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Dynamic Asset Allocation Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1113.82 Cr | 0.9% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1113.82 Cr | 2.2% |
| Quant Dynamic Asset Allocation Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1310.36 Cr | 13.2% |
| Quant Dynamic Asset Allocation Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1310.36 Cr | 11.5% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.8% | 1.0% | ₹2272.93 Cr | 12.1% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 2.0% | 1.0% | ₹2272.93 Cr | 10.6% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 1.8% | 1.0% | ₹908.12 Cr | 8.6% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹908.12 Cr | 10.4% |
| Mirae Asset Balanced Advantage Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹1779.30 Cr | 10.1% |
| Mirae Asset Balanced Advantage Fund Regular Growth Moderately High risk | 2.1% | 1.0% | ₹1779.30 Cr | 8.5% |
About the AMC
Union Mutual Fund
Total AUM
₹21,577 Cr
Address
Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013
Other Funds by Union Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Union Children's Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹62.16 Cr | 13.0% |
| Union Innovation & Opportunities Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹944.74 Cr | 25.2% |
| Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Moderate Risk | - | 0.0% | ₹25.04 Cr | 7.6% |
| Union Small Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹6298.05 Cr | 11.4% |
| Union Hybrid Equity Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹637.00 Cr | 9.7% |
| Union Medium Duration Fund Direct Growth Moderate Risk | 0.6% | 1.0% | ₹80.36 Cr | 8.0% |
| Union Value Discovery Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹298.67 Cr | 10.1% |
| Union Multicap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1105.65 Cr | 13.3% |
| Union Balanced Advantage Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1457.11 Cr | 7.7% |
| Union Equity Savings Fund Direct Growth Moderate Risk | 1.4% | 1.0% | ₹374.09 Cr | 6.6% |
| Union Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹223.17 Cr | 8.1% |
| Union Tax Saver (ELSS) Fund Direct Growth Very High Risk | 1.4% | 0.0% | ₹923.05 Cr | 9.3% |
| Union Dynamic Bond Fund Direct Growth Moderate Risk | 1.2% | 1.0% | ₹79.05 Cr | 8.7% |
| Union Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1939.59 Cr | 9.2% |
| Union Liquid Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3742.53 Cr | 7.4% |
| Union Midcap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹1428.97 Cr | 16.9% |
| Union Gilt Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹134.86 Cr | 9.3% |
| Union Largecap Fund Direct Growth Very High Risk | 1.6% | 1.0% | ₹436.97 Cr | 6.8% |
| Union Retirement Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹156.27 Cr | 10.8% |
| Union Corporate Bond Fund Direct Growth Moderate Risk | 0.4% | 1.0% | ₹257.69 Cr | 8.4% |
| Union Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹383.60 Cr | 6.7% |
| Union Focused Fund Direct Growth Very High Risk | 1.5% | 1.0% | ₹428.28 Cr | 9.4% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹172.67 Cr | 7.5% |
| Union Large & Midcap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹868.05 Cr | 12.1% |
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Union Balanced Advantage Fund Direct Growth?
The NAV of Union Balanced Advantage Fund Direct Growth, as of 21-Jan-2025, is ₹20.35.
What are the returns of Union Balanced Advantage Fund Direct Growth?
The fund has generated 7.67% over the last 1 year and 9.50% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Union Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 53.05% in equities, 12.49% in bonds, and 34.46% in cash and cash equivalents.
Who manages the Union Balanced Advantage Fund Direct Growth?
The fund managers responsible for Union Balanced Advantage Fund Direct Growth are:-
- Parijat Agrawal
- Sanjay Bembalkar
- Gaurav Chopra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
Union Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (21-Jan-25)
₹20.35-0.93%1D
Returns (Since Inception)
10.61%
Rated ★4.5+ on
Fund Overview
Fund Size
₹1,457 Cr
Expense Ratio
0.91%
ISIN
INF582M01DE9
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
04 Jan 2018
Risk Level
Your principal amount will be at Very High Risk
About this fund
Union Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 7 years and 18 days, having been launched on 04-Jan-18.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹20.35, Assets Under Management (AUM) of 1457.11 Crores, and an expense ratio of 0.91%.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹20.35, Assets Under Management (AUM) of 1457.11 Crores, and an expense ratio of 0.91%.
- Union Balanced Advantage Fund Direct Growth has given a CAGR return of 10.61% since inception.
- The fund's asset allocation comprises around 53.05% in equities, 12.49% in debts, and 34.46% in cash & cash equivalents.
- You can start investing in Union Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.67%
+10.18% (Cat Avg.)
3 Years
+9.50%
+11.09% (Cat Avg.)
5 Years
+12.25%
+12.10% (Cat Avg.)
Since Inception
+10.61%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2024
| Equity | ₹773 Cr | 53.05% |
| Debt | ₹181.97 Cr | 12.49% |
| Others | ₹502.15 Cr | 34.46% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹221.83 Cr | 15.51% |
| Treps | Cash - Repurchase Agreement | ₹81.86 Cr | 5.72% |
| 91 DTB 03012025 | Bond - Gov't/Treasury | ₹69.98 Cr | 4.89% |
| HDFC Bank Ltd | Equity | ₹61.78 Cr | 4.32% |
| Reliance Industries Ltd | Equity | ₹57.44 Cr | 4.02% |
| 191 DTB 30012025 | Bond - Gov't/Treasury | ₹49.75 Cr | 3.48% |
| 364 Days T - Bill- 06/02/2025 | Bond - Gov't/Treasury | ₹49.68 Cr | 3.47% |
| ICICI Bank Ltd | Equity | ₹48.33 Cr | 3.38% |
| Bharti Airtel Ltd | Equity | ₹38.11 Cr | 2.66% |
| Infosys Ltd | Equity | ₹36.1 Cr | 2.52% |
| National Stock Exchange Of India Ltd. 30-Jan-25 | Equity - Future | ₹35.71 Cr | 2.50% |
| 6.92% Govt Stock 2039 | Bond - Gov't/Treasury | ₹30.13 Cr | 2.11% |
| Larsen & Toubro Ltd | Equity | ₹27.13 Cr | 1.90% |
| Tata Consultancy Services Ltd | Equity | ₹25.51 Cr | 1.78% |
| Indian Railway Finance Corp Ltd. | Bond - Gov't Agency Debt | ₹25.49 Cr | 1.78% |
| Indian Railway Finance Corp Ltd. | Bond - Gov't Agency Debt | ₹25.36 Cr | 1.77% |
| Power Grid Corporation of India Ltd. | Bond - Gov't Agency Debt | ₹25.02 Cr | 1.75% |
| United Spirits Ltd | Equity | ₹22.32 Cr | 1.56% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹20.63 Cr | 1.44% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-20.62 Cr | 1.44% |
| Net Receivable / Payable | Cash - Collateral | ₹19.91 Cr | 1.39% |
| Bharat Electronics Ltd | Equity | ₹19.84 Cr | 1.39% |
| ITC Ltd | Equity | ₹19.2 Cr | 1.34% |
| Jindal Steel & Power Ltd | Equity | ₹19.04 Cr | 1.33% |
| HCL Technologies Ltd | Equity | ₹18.92 Cr | 1.32% |
| Future on Titan Co Ltd | Equity - Future | ₹-18.87 Cr | 1.32% |
| Titan Co Ltd | Equity | ₹18.73 Cr | 1.31% |
| Maruti Suzuki India Ltd | Equity | ₹15.84 Cr | 1.11% |
| Varun Beverages Ltd | Equity | ₹15.41 Cr | 1.08% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹15.23 Cr | 1.06% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-15.21 Cr | 1.06% |
| Tata Power Co Ltd | Equity | ₹15.1 Cr | 1.06% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹15.04 Cr | 1.05% |
| Bajaj Finance Ltd | Equity | ₹14.64 Cr | 1.02% |
| InterGlobe Aviation Ltd | Equity | ₹14.51 Cr | 1.01% |
| Mahindra & Mahindra Ltd | Equity | ₹14.33 Cr | 1.00% |
| Hindustan Unilever Ltd | Equity | ₹14.13 Cr | 0.99% |
| Lupin Ltd | Equity | ₹13.61 Cr | 0.95% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-13.39 Cr | 0.94% |
| Future on United Spirits Ltd | Equity - Future | ₹-13.03 Cr | 0.91% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-12.76 Cr | 0.89% |
| Axis Bank Ltd | Equity | ₹12.42 Cr | 0.87% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹12.36 Cr | 0.86% |
| Dixon Technologies (India) Ltd | Equity | ₹11.83 Cr | 0.83% |
| NTPC Ltd | Equity | ₹11.48 Cr | 0.80% |
| Oil & Natural Gas Corp Ltd | Equity | ₹11.44 Cr | 0.80% |
| State Bank of India | Equity | ₹11.37 Cr | 0.79% |
| TVS Motor Co Ltd | Equity | ₹11.19 Cr | 0.78% |
| Zomato Ltd | Equity | ₹10.89 Cr | 0.76% |
| NTPC Green Energy Ltd | Equity | ₹10.81 Cr | 0.76% |
| Future on HCL Technologies Ltd | Equity - Future | ₹-10.51 Cr | 0.73% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-10.4 Cr | 0.73% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.29 Cr | 0.72% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹10.16 Cr | 0.71% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹10.07 Cr | 0.70% |
| Future on Bajaj Auto Ltd | Equity - Future | ₹-10.04 Cr | 0.70% |
| Bajaj Auto Ltd | Equity | ₹9.96 Cr | 0.70% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-9.9 Cr | 0.69% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹9.85 Cr | 0.69% |
| Future on Eicher Motors Ltd | Equity - Future | ₹-9.26 Cr | 0.65% |
| Eicher Motors Ltd | Equity | ₹9.2 Cr | 0.64% |
| Future on Tata Motors Ltd | Equity - Future | ₹-9.07 Cr | 0.63% |
| Indus Towers Ltd. 30-Jan-25 | Equity - Future | ₹-9.05 Cr | 0.63% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹9.01 Cr | 0.63% |
| Tata Motors Ltd | Equity | ₹9 Cr | 0.63% |
| Shriram Finance Ltd | Equity | ₹8.96 Cr | 0.63% |
| JK Cement Ltd | Equity | ₹8.12 Cr | 0.57% |
| Future on Vedanta Ltd | Equity - Future | ₹-8.03 Cr | 0.56% |
| Aadhar Housing Finance Ltd | Equity | ₹8 Cr | 0.56% |
| Vedanta Ltd | Equity | ₹7.97 Cr | 0.56% |
| Ajanta Pharma Ltd | Equity | ₹7.89 Cr | 0.55% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-7.87 Cr | 0.55% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-7.68 Cr | 0.54% |
| Vodafone Idea Ltd | Equity | ₹7.65 Cr | 0.54% |
| Mphasis Ltd | Equity | ₹7.45 Cr | 0.52% |
| Pidilite Industries Ltd | Equity | ₹7.44 Cr | 0.52% |
| Future on Hero MotoCorp Ltd | Equity - Future | ₹-7.36 Cr | 0.51% |
| Hero MotoCorp Ltd | Equity | ₹7.3 Cr | 0.51% |
| Awfis Space Solutions Ltd | Equity | ₹7.25 Cr | 0.51% |
| Krishna Institute of Medical Sciences Ltd | Equity | ₹7.18 Cr | 0.50% |
| REC Ltd | Equity | ₹7.12 Cr | 0.50% |
| CG Power & Industrial Solutions Ltd | Equity | ₹6.88 Cr | 0.48% |
| Ethos Ltd | Equity | ₹6.83 Cr | 0.48% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-6.79 Cr | 0.47% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-6.51 Cr | 0.46% |
| IndusInd Bank Ltd | Equity | ₹6.48 Cr | 0.45% |
| Trent Ltd | Equity | ₹6.46 Cr | 0.45% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹-6.39 Cr | 0.45% |
| Gabriel India Ltd | Equity | ₹6.33 Cr | 0.44% |
| Info Edge (India) Ltd | Equity | ₹6.25 Cr | 0.44% |
| Jio Financial Services Ltd | Equity | ₹6.17 Cr | 0.43% |
| ABB India Ltd | Equity | ₹6.13 Cr | 0.43% |
| HDFC Asset Management Co Ltd | Equity | ₹5.97 Cr | 0.42% |
| Quess Corp Ltd | Equity | ₹5.96 Cr | 0.42% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-5.91 Cr | 0.41% |
| Ipca Laboratories Ltd | Equity | ₹5.85 Cr | 0.41% |
| Gokaldas Exports Ltd | Equity | ₹5.82 Cr | 0.41% |
| Birlasoft Ltd | Equity | ₹5.75 Cr | 0.40% |
| Future on Infosys Ltd | Equity - Future | ₹-5.67 Cr | 0.40% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-5.62 Cr | 0.39% |
| Max Financial Services Ltd | Equity | ₹5.61 Cr | 0.39% |
| JSW Energy Ltd | Equity | ₹5.57 Cr | 0.39% |
| Blue Star Ltd | Equity | ₹5.57 Cr | 0.39% |
| Coforge Ltd | Equity | ₹5.31 Cr | 0.37% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-5.3 Cr | 0.37% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹5.28 Cr | 0.37% |
| Cummins India Ltd | Equity | ₹5.25 Cr | 0.37% |
| Escorts Kubota Ltd | Equity | ₹5.13 Cr | 0.36% |
| Cipla Ltd | Equity | ₹4.97 Cr | 0.35% |
| Tata Steel Ltd | Equity | ₹4.94 Cr | 0.35% |
| Hindalco Industries Ltd | Equity | ₹4.93 Cr | 0.34% |
| KFin Technologies Ltd | Equity | ₹4.92 Cr | 0.34% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-4.61 Cr | 0.32% |
| Ambuja Cements Ltd | Equity | ₹4.58 Cr | 0.32% |
| Indian Oil Corporation Ltd. 30-Jan-25 | Equity - Future | ₹-4.42 Cr | 0.31% |
| Indian Oil Corp Ltd | Equity | ₹4.39 Cr | 0.31% |
| CE Info Systems Ltd | Equity | ₹4.36 Cr | 0.30% |
| Techno Electric & Engineering Co Ltd | Equity | ₹4.3 Cr | 0.30% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-4.23 Cr | 0.30% |
| Persistent Systems Ltd | Equity | ₹4.19 Cr | 0.29% |
| Power Grid Corp Of India Ltd | Equity | ₹4.16 Cr | 0.29% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹4 Cr | 0.28% |
| Voltas Ltd | Equity | ₹3.94 Cr | 0.28% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-3.9 Cr | 0.27% |
| Adani Enterprises Ltd | Equity | ₹3.87 Cr | 0.27% |
| Future on NTPC Ltd | Equity - Future | ₹-3.87 Cr | 0.27% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹3.72 Cr | 0.26% |
| LTIMindtree Ltd | Equity | ₹3.67 Cr | 0.26% |
| Cyient Ltd | Equity | ₹3.64 Cr | 0.25% |
| Elgi Equipments Ltd | Equity | ₹3.3 Cr | 0.23% |
| Electronics Mart India Ltd | Equity | ₹3.28 Cr | 0.23% |
| Inventurus Knowledge Solutions Ltd | Equity | ₹2.48 Cr | 0.17% |
| 182 DTB 05062025 | Bond - Gov't/Treasury | ₹1.31 Cr | 0.09% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-1.3 Cr | 0.09% |
| Kotak Mahindra Bank Ltd | Equity | ₹1.29 Cr | 0.09% |
Allocation By Market Cap (Equity)
Large Cap Stocks
35.34%
Mid Cap Stocks
9.59%
Small Cap Stocks
5.64%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹202.15 Cr | 14.13% |
| Consumer Cyclical | ₹138.87 Cr | 9.71% |
| Technology | ₹133.3 Cr | 9.32% |
| Industrials | ₹128.68 Cr | 8.99% |
| Energy | ₹77.14 Cr | 5.39% |
| Consumer Defensive | ₹71.05 Cr | 4.97% |
| Healthcare | ₹64.4 Cr | 4.50% |
| Communication Services | ₹61.01 Cr | 4.26% |
| Basic Materials | ₹57.03 Cr | 3.99% |
| Utilities | ₹47.12 Cr | 3.29% |
Risk & Performance Ratios
Standard Deviation
This fund
6.11%
Cat. avg.
7.80%
Lower the better
Sharpe Ratio
This fund
0.69
Cat. avg.
0.72
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.34
Higher the better
Fund Managers
PA
Parijat Agrawal
Since January 2018
SB
Sanjay Bembalkar
Since January 2023
Gaurav Chopra
Since November 2024
Additional Scheme Detailsas of 31st December 2024
ISIN INF582M01DE9 | Expense Ratio 0.91% | Exit Load 1.00% | Fund Size ₹1,457 Cr | Age 7 years | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Dynamic Asset Allocation Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1113.82 Cr | 0.9% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1113.82 Cr | 2.2% |
| Quant Dynamic Asset Allocation Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1310.36 Cr | 13.2% |
| Quant Dynamic Asset Allocation Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1310.36 Cr | 11.5% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.8% | 1.0% | ₹2272.93 Cr | 12.1% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 2.0% | 1.0% | ₹2272.93 Cr | 10.6% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 1.8% | 1.0% | ₹908.12 Cr | 8.6% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹908.12 Cr | 10.4% |
| Mirae Asset Balanced Advantage Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹1779.30 Cr | 10.1% |
| Mirae Asset Balanced Advantage Fund Regular Growth Moderately High risk | 2.1% | 1.0% | ₹1779.30 Cr | 8.5% |
About the AMC
Union Mutual Fund
Total AUM
₹21,577 Cr
Address
Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013
Other Funds by Union Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Union Children's Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹62.16 Cr | 13.0% |
| Union Innovation & Opportunities Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹944.74 Cr | 25.2% |
| Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Moderate Risk | - | 0.0% | ₹25.04 Cr | 7.6% |
| Union Small Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹6298.05 Cr | 11.4% |
| Union Hybrid Equity Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹637.00 Cr | 9.7% |
| Union Medium Duration Fund Direct Growth Moderate Risk | 0.6% | 1.0% | ₹80.36 Cr | 8.0% |
| Union Value Discovery Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹298.67 Cr | 10.1% |
| Union Multicap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1105.65 Cr | 13.3% |
| Union Balanced Advantage Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1457.11 Cr | 7.7% |
| Union Equity Savings Fund Direct Growth Moderate Risk | 1.4% | 1.0% | ₹374.09 Cr | 6.6% |
| Union Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹223.17 Cr | 8.1% |
| Union Tax Saver (ELSS) Fund Direct Growth Very High Risk | 1.4% | 0.0% | ₹923.05 Cr | 9.3% |
| Union Dynamic Bond Fund Direct Growth Moderate Risk | 1.2% | 1.0% | ₹79.05 Cr | 8.7% |
| Union Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1939.59 Cr | 9.2% |
| Union Liquid Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹3742.53 Cr | 7.4% |
| Union Midcap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹1428.97 Cr | 16.9% |
| Union Gilt Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹134.86 Cr | 9.3% |
| Union Largecap Fund Direct Growth Very High Risk | 1.6% | 1.0% | ₹436.97 Cr | 6.8% |
| Union Retirement Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹156.27 Cr | 10.8% |
| Union Corporate Bond Fund Direct Growth Moderate Risk | 0.4% | 1.0% | ₹257.69 Cr | 8.4% |
| Union Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹383.60 Cr | 6.7% |
| Union Focused Fund Direct Growth Very High Risk | 1.5% | 1.0% | ₹428.28 Cr | 9.4% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹172.67 Cr | 7.5% |
| Union Large & Midcap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹868.05 Cr | 12.1% |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Union Balanced Advantage Fund Direct Growth?
The NAV of Union Balanced Advantage Fund Direct Growth, as of 21-Jan-2025, is ₹20.35.
What are the returns of Union Balanced Advantage Fund Direct Growth?
The fund has generated 7.67% over the last 1 year and 9.50% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Union Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 53.05% in equities, 12.49% in bonds, and 34.46% in cash and cash equivalents.
Who manages the Union Balanced Advantage Fund Direct Growth?
The fund managers responsible for Union Balanced Advantage Fund Direct Growth are:-
- Parijat Agrawal
- Sanjay Bembalkar
- Gaurav Chopra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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