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Union Balanced Advantage Fund Direct Growth

Union Balanced Advantage Fund Direct Growth

HybridDynamic Asset AllocationVery High Risk

Direct

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NAV (04-Oct-24)

₹21.12-0.47%1D

Returns (Since Inception)

11.71%
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Fund Overview

Fund Size

Fund Size

₹1,554 Cr

Expense Ratio

Expense Ratio

0.96%

ISIN

ISIN

INF582M01DE9

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

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 6 years, 9 months and 2 days, having been launched on 04-Jan-18.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹21.12, Assets Under Management (AUM) of 1554.42 Crores, and an expense ratio of 0.96%.
  • Union Balanced Advantage Fund Direct Growth has given a CAGR return of 11.71% since inception.
  • The fund's asset allocation comprises around 52.48% in equities, 8.91% in debts, and 38.62% 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

+21.31%

+25.05% (Cat Avg.)

3 Years

+11.05%

+12.71% (Cat Avg.)

5 Years

+14.10%

+14.36% (Cat Avg.)

Since Inception

+11.71%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2024

Equity₹815.68 Cr52.48%
Debt₹138.47 Cr8.91%
Others₹600.26 Cr38.62%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset₹305.26 Cr19.64%
TrepsCash - Repurchase Agreement₹84.13 Cr5.41%
HDFC Bank LtdEquity₹73.25 Cr4.71%
Reliance Industries LtdEquity₹71.34 Cr4.59%
ICICI Bank LtdEquity₹66.7 Cr4.29%
91 DTB 05092024Bond - Gov't/Treasury₹49.96 Cr3.21%
India (Republic of)Bond - Short-term Government Bills₹49.9 Cr3.21%
91 DTB 31102024Bond - Gov't/Treasury₹49.46 Cr3.18%
91 DTB 07112024Bond - Gov't/Treasury₹49.4 Cr3.18%
Bharti Airtel LtdEquity₹43.63 Cr2.81%
Infosys LtdEquity₹37.91 Cr2.44%
Tata Motors LtdEquity₹36.65 Cr2.36%
State Bank of IndiaEquity₹29.28 Cr1.88%
Larsen & Toubro LtdEquity₹27.86 Cr1.79%
Future on Tata Motors LtdEquity - Future₹-27.37 Cr1.76%
Bharat Electronics LtdEquity₹25.82 Cr1.66%
Future on Reliance Industries LtdEquity - Future₹-25.6 Cr1.65%
ITC LtdEquity₹25.47 Cr1.64%
Indian Railway Finance Corp Ltd.Bond - Gov't Agency Debt₹25.39 Cr1.63%
Indian Railway Finance Corp Ltd.Bond - Gov't Agency Debt₹25.25 Cr1.62%
Axis Bank LtdEquity₹24.14 Cr1.55%
Tata Consultancy Services LtdEquity₹23.67 Cr1.52%
Indus Towers Ltd Ordinary SharesEquity₹21.91 Cr1.41%
NTPC LtdEquity₹21.45 Cr1.38%
Indian Railway Finance Corporation LimitedBond - Corporate Bond₹20.53 Cr1.32%
Maruti Suzuki India LtdEquity₹19.49 Cr1.25%
Cipla LtdEquity₹19.33 Cr1.24%
TVS Motor Co LtdEquity₹17.79 Cr1.14%
Future on Tata Power Co LtdEquity - Future₹-16.8 Cr1.08%
Tata Power Co LtdEquity₹16.72 Cr1.08%
Future on Jindal Steel & Power LtdEquity - Future₹-16.32 Cr1.05%
Jindal Steel & Power LtdEquity₹16.25 Cr1.05%
Oil & Natural Gas Corp LtdEquity₹15.82 Cr1.02%
Future on Vodafone Idea LtdEquity - Future₹-15.18 Cr0.98%
Rural Electrification Corporation LimitedBond - Corporate Bond₹15.12 Cr0.97%
Vodafone Idea LtdEquity₹15.08 Cr0.97%
Power Grid Corporation Of India LimitedBond - Corporate Bond₹15.03 Cr0.97%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond₹15.02 Cr0.97%
Varun Beverages LtdEquity₹14.49 Cr0.93%
Future on HDFC Bank LtdEquity - Future₹-13.92 Cr0.90%
Mahindra & Mahindra LtdEquity₹13.37 Cr0.86%
Net Receivable / PayableCash - Collateral₹12.15 Cr0.78%
Future on Adani Ports & Special Economic Zone LtdEquity - Future₹-11.92 Cr0.77%
Adani Ports & Special Economic Zone LtdEquity₹11.86 Cr0.76%
Future on United Spirits LtdEquity - Future₹-11.84 Cr0.76%
United Spirits LtdEquity₹11.77 Cr0.76%
ABB India LtdEquity₹10.89 Cr0.70%
Future on Bharti Airtel LtdEquity - Future₹-10.75 Cr0.69%
Samvardhana Motherson International LtdEquity₹10.73 Cr0.69%
Future on Bharat Electronics LtdEquity - Future₹-10.62 Cr0.68%
Future on Axis Bank LtdEquity - Future₹-10.5 Cr0.68%
SBI Life Insurance Co LtdEquity₹10.49 Cr0.67%
Future on ICICI Bank LtdEquity - Future₹-10.47 Cr0.67%
Future on Titan Co LtdEquity - Future₹-10.29 Cr0.66%
Titan Co LtdEquity₹10.23 Cr0.66%
PB Fintech LtdEquity₹10.2 Cr0.66%
Rural Electrification Corporation LimitedBond - Corporate Bond₹10.19 Cr0.66%
Hindustan Aeronautics Ltd Ordinary SharesEquity₹10.13 Cr0.65%
Phoenix Mills LtdEquity₹10.08 Cr0.65%
Power Finance Corporation LimitedBond - Corporate Bond₹10.03 Cr0.65%
Future on Voltas LtdEquity - Future₹-9.98 Cr0.64%
Voltas LtdEquity₹9.94 Cr0.64%
Shriram Finance LtdEquity₹9.93 Cr0.64%
Zomato LtdEquity₹9.81 Cr0.63%
Lupin LtdEquity₹9.68 Cr0.62%
Future on IndusInd Bank LtdEquity - Future₹-9.67 Cr0.62%
IndusInd Bank LtdEquity₹9.62 Cr0.62%
CG Power & Industrial Solutions LtdEquity₹9.26 Cr0.60%
Future on Tech Mahindra LtdEquity - Future₹-8.99 Cr0.58%
Tech Mahindra LtdEquity₹8.94 Cr0.57%
Future on Oil & Natural Gas Corp LtdEquity - Future₹-8.84 Cr0.57%
Ajanta Pharma LtdEquity₹8.73 Cr0.56%
Dixon Technologies (India) LtdEquity₹8.69 Cr0.56%
Sun Pharmaceuticals Industries LtdEquity₹8.55 Cr0.55%
Future on Vedanta LtdEquity - Future₹-8.44 Cr0.54%
Mphasis LtdEquity₹8.43 Cr0.54%
Vedanta LtdEquity₹8.4 Cr0.54%
Godrej Properties LtdEquity₹8.38 Cr0.54%
Max Healthcare Institute Ltd Ordinary SharesEquity₹7.7 Cr0.50%
HCL Technologies LtdEquity₹7.67 Cr0.49%
Ethos LtdEquity₹7.61 Cr0.49%
Gabriel India LtdEquity₹7.32 Cr0.47%
Power Grid Corp Of India LtdEquity₹7.28 Cr0.47%
Future on Bajaj Finance LtdEquity - Future₹-7.16 Cr0.46%
Bajaj Finance LtdEquity₹7.11 Cr0.46%
Oil India LtdEquity₹7.1 Cr0.46%
Future on Hindustan Unilever LtdEquity - Future₹-7.05 Cr0.45%
Indus Towers Ltd. 26-Sep-24Equity - Future₹-7.04 Cr0.45%
Hindustan Unilever LtdEquity₹7 Cr0.45%
Birlasoft LtdEquity₹6.88 Cr0.44%
Jio Financial Services LtdEquity₹6.65 Cr0.43%
Prestige Estates Projects LtdEquity₹6.62 Cr0.43%
Persistent Systems LtdEquity₹6.61 Cr0.43%
Central Depository Services (India) LtdEquity₹6.31 Cr0.41%
HDFC Asset Management Co LtdEquity₹6.29 Cr0.40%
Bharti Hexacom LtdEquity₹6.24 Cr0.40%
Future on Bharat Petroleum Corp LtdEquity - Future₹-6.21 Cr0.40%
REC LtdEquity₹6.21 Cr0.40%
Bharat Petroleum Corp LtdEquity₹6.18 Cr0.40%
JSW Energy LtdEquity₹6.17 Cr0.40%
Cummins India LtdEquity₹6.01 Cr0.39%
Escorts Kubota LtdEquity₹5.93 Cr0.38%
InterGlobe Aviation LtdEquity₹5.92 Cr0.38%
Hindalco Industries LtdEquity₹5.74 Cr0.37%
CE Info Systems LtdEquity₹5.74 Cr0.37%
Indian Oil Corporation Ltd. 26-Sep-24Equity - Future₹-5.73 Cr0.37%
Indian Oil Corp LtdEquity₹5.69 Cr0.37%
Future on ITC LtdEquity - Future₹-5.58 Cr0.36%
Tata Steel LtdEquity₹5.47 Cr0.35%
Max Financial Services LtdEquity₹5.42 Cr0.35%
Future on Cipla LtdEquity - Future₹-5.41 Cr0.35%
Finolex Industries LtdEquity₹5.29 Cr0.34%
KFin Technologies LtdEquity₹5.24 Cr0.34%
Future on Mahindra & Mahindra LtdEquity - Future₹-5.24 Cr0.34%
Future on Tata Communications LtdEquity - Future₹-5.14 Cr0.33%
Tata Communications LtdEquity₹5.1 Cr0.33%
Gokaldas Exports LtdEquity₹4.83 Cr0.31%
Future on Infosys LtdEquity - Future₹-4.7 Cr0.30%
Future on Adani Enterprises LtdEquity - Future₹-4.66 Cr0.30%
Adani Enterprises LtdEquity₹4.62 Cr0.30%
KNR Constructions LtdEquity₹4.51 Cr0.29%
Techno Electric & Engineering Co LtdEquity₹4.48 Cr0.29%
Electronics Mart India LtdEquity₹4.47 Cr0.29%
Blue Star LtdEquity₹4.44 Cr0.29%
Hitachi Energy India Ltd Ordinary SharesEquity₹4.43 Cr0.28%
Elgi Equipments LtdEquity₹3.96 Cr0.25%
Coal India LtdEquity₹3.76 Cr0.24%
Future on Maruti Suzuki India LtdEquity - Future₹-3.5 Cr0.22%
Wonderla Holidays LtdEquity₹2.88 Cr0.19%
364 DTB 26122024Bond - Gov't/Treasury₹1.9 Cr0.12%
Power Finance Corp LtdEquity₹1.6 Cr0.10%
Future on Ambuja Cements LtdEquity - Future₹-0.34 Cr0.02%
Ambuja Cements LtdEquity₹0.33 Cr0.02%

Allocation By Market Cap (Equity)

Large Cap Stocks

54.19%

Mid Cap Stocks

12.48%

Small Cap Stocks

5.04%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services₹273.2 Cr17.58%
Industrials₹146.28 Cr9.41%
Consumer Cyclical₹145.18 Cr9.34%
Technology₹124.21 Cr7.99%
Energy₹114.51 Cr7.37%
Communication Services₹91.96 Cr5.92%
Consumer Defensive₹58.72 Cr3.78%
Healthcare₹53.98 Cr3.47%
Utilities₹51.62 Cr3.32%
Basic Materials₹36.2 Cr2.33%
Real Estate₹25.08 Cr1.61%

Risk & Performance Ratios

Standard Deviation

This fund

5.78%

Cat. avg.

7.38%

Lower the better

Sharpe Ratio

This fund

0.95

Cat. avg.

0.99

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

2.00

Higher the better

Fund Managers

PA

Parijat Agrawal

Since January 2018

HB

Hardick Bora

Since June 2018

SB

Sanjay Bembalkar

Since January 2023

Additional Scheme Detailsas of 31st August 2024

ISIN
INF582M01DE9
Expense Ratio
0.96%
Exit Load
1.00%
Fund Size
₹1,554 Cr
Age
6 years 9 months
Lumpsum Minimum
₹1,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 50 TR INR

Investment ObjectiveInvestment 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:

  • If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
  • If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
  • Holding the units: No tax is applicable as long as you continue to hold the units.

Dividend Taxation:

Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.

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 nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Balance Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹1315.31 Cr22.9%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1315.31 Cr24.4%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹1403.36 Cr49.6%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.1%1.0%₹1403.36 Cr47.3%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.7%1.0%₹2321.90 Cr21.9%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

2.0%1.0%₹2321.90 Cr20.4%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹886.22 Cr26.9%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.5%1.0%₹886.22 Cr29.1%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1734.82 Cr22.8%
Mirae Asset Balanced Advantage Fund Regular Growth

High Risk

2.1%1.0%₹1734.82 Cr21.1%

About the AMC

Union Mutual Fund
phone+91 022 67483333
e-mailhttps://www.unionmf.com/

Total AUM

₹21,894 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.9%0.0%₹57.68 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹824.31 Cr46.2%
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-8.2%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹5092.95 Cr34.0%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹651.95 Cr28.1%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.6%1.0%₹243.36 Cr8.1%
Union Value Discovery Fund Direct Growth

Very High Risk

1.3%1.0%₹292.89 Cr40.6%
Union Multicap Fund Direct Growth

Very High Risk

0.9%1.0%₹1093.45 Cr39.4%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1554.42 Cr21.3%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.4%1.0%₹264.46 Cr14.0%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹249.28 Cr8.1%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.3%0.0%₹969.01 Cr35.1%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.2%1.0%₹81.69 Cr9.5%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1530.50 Cr34.3%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹4778.30 Cr7.5%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1406.99 Cr43.4%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹165.41 Cr10.3%
Union Largecap Fund Direct Growth

Very High Risk

1.6%1.0%₹421.90 Cr30.6%
Union Retirement Fund Direct Growth

Very High Risk

1.2%0.0%₹149.25 Cr36.8%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹294.44 Cr8.4%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹332.87 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.5%1.0%₹426.55 Cr27.5%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹152.17 Cr7.3%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹860.15 Cr35.4%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Union Balanced Advantage Fund Direct Growth, as of 04-Oct-2024, is ₹21.12.
The fund has generated 21.31% over the last 1 year and 11.05% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 52.48% in equities, 8.91% in bonds, and 38.62% in cash and cash equivalents.
The fund managers responsible for Union Balanced Advantage Fund Direct Growth are:-
  1. Parijat Agrawal
  2. Hardick Bora
  3. Sanjay Bembalkar
info
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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