Union Balanced Advantage Fund Direct Growth

Union Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 19.3 as on 20-02-2024
Fund Performance
zero opening, trading, fund transfer fee
50 people have invested ₹ 3.6L in Union Balanced Advantage Fund Direct Growth in the last three months

Mutual Fund Insights

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This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 1.11% which is lower than the category average expense ratio of 1.15%.
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In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 20.8% return, outperforming this fund by 7.17% per annum.
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In the last 1 year, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 40.69% return, outperforming this fund by 20.39%.
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In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 24.09% return, outperforming this fund by 13.45% per annum.

About the Union Balanced Advantage Fund Direct Growth

Union Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 4 January, 2018. The fund is managed by Sanjay Bembalkar, Hardick Bora. This fund gives you the benefit of diversification.

Key Parameters

  1. Union Balanced Advantage Fund Direct Growth has ₹1640 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 1.1.

Union Balanced Advantage Fund Direct Growth Overview

Expense ratio
Expense ratio
1.11%
Benchmark
Benchmark
null
AUM
AUM
₹1640 Cr
Inception Date
Inception Date
4 January, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
134.91%

Union Balanced Advantage Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 47.4%

  • Debt & Cash 52.6%

Size breakup

Large cap
56.2%
Mid cap
7.2%
Small cap
4.3%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
27.1%
Tech
11.8%
Energy
11.2%
Consumer Cyclical
10.4%
Industrial
8.2%
Health
7.2%
Utilities
7.1%
Consumer Defensive
6.7%
Basic Materials
4.7%
Real Estate
3.3%
Communication
2.5%

Top Holdings of Union Balanced Advantage Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings70
Debt Holdings17

Union Balanced Advantage Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 1.6K Cr
₹ 1.6K Cr
₹ 1.6K Cr
  • AUM of the fund stands at 1.6K Cr as of Jan'24
  • AUM decreased by 4 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Union Balanced Advantage Fund Direct Growth Fund Manager

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Balanced Advantage Fund Direct Growth, since 25 January 2023
Hardick Bora
Hardick Bora
Fund Manager of Union Balanced Advantage Fund Direct Growth, since 28 June 2018

Union Balanced Advantage Fund Direct Growth Highlights

Risk meter
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Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 11.4% since inception which is less than its category average return of 12.19%
Fund Allocations

Fund Allocations

This fund has an allocation of 47.37% in Equity, 7.08% in Debt and 45.56% in Cash related instruments
AUM size ₹1640 Cr

AUM size ₹1640 Cr

This fund has AUM of ₹1640 Cr which is less than its category average of ₹ 8132 Cr
Expense Ratio 1.11%

Expense Ratio 1.11%

This fund has an expense ratio of 1.11% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions

The current NAV of Union Balanced Advantage Fund Direct Growth is ₹19.28 as on 20-Feb-2024.
Existing (Absolute + CAGR) as on 20-Feb-2024.
Union Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.54%
2.54%
6 Month Returns
12.74%
12.74%
1 Year Returns
20.3%
20.3%
3 Years Returns
35.43%
10.64%
5 Years Returns
89.44%
13.63%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.11% as on January 2024
₹1640 Cr as on January 2024
Reliance Industries Ltd(4.51%), ICICI Bank Ltd(3.25%), HDFC Bank Ltd(3.15%), 91 DTB 22022024(2.64%), 91 DTB 07032024(2.63%) as on January 2024
Cash Equivalent(43.73%), Financial Services(12.82%), Tech(5.6%) as on January 2024
AAA
100
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Balanced Advantage Fund Direct Growth
The Exit load of Union Balanced Advantage Fund Direct Growth is 1%