Union Balanced Advantage Fund Direct Growth

Hybrid
Direct
Dynamic Asset Allocation
Union Balanced Advantage Fund Direct Growth

About the Fund

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

Key Parameters

  1. Union Balanced Advantage Fund Direct Growth has ₹1635 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Balanced Advantage Fund Direct Growth has given a CAGR return of 11.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.98%, 12.34% and 14.00% respectively.

Holdings

Union Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Industrial, Energy, Consumer Cyclical, Tech, Basic Materials, Utilities, Communication, Corporate, Consumer Defensive, Real Estate, Health.

Taxation

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Union Balanced Advantage Fund Direct Growth

To achieve long term capital appreciation and generate income through an equity portfolio by using long equities, equity derivatives and arbitrage opportunities available. However, there is no assurance that the Investment Objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Balanced Advantage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
71 people have invested ₹ 3.7L in Union Balanced Advantage Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.92%
Benchmark
null
AUM₹1635 Cr
Inception Date4 January, 2018
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
134.91%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 52.9%

  • Debt & Cash 47.1%

Large cap
55%

Mid cap
10.2%

Small cap
4.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
25.1%
Industrial
15.7%
Energy
10.9%
Consumer Cyclical
10.2%
Tech
8.5%
Basic Materials
7%
Utilities
6.1%
Communication
5.3%
Consumer Defensive
4.1%
Real Estate
3.9%
Health
3.4%
All changes are between Oct'69 and Dec'69

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

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.92% which is lower than the category average expense ratio of 1.14%.
Insights icon
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 56.91% return, outperforming this fund by 34.93%.
Insights icon
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 20.81% return, outperforming this fund by 6.81% per annum.
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In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 25.71% return, outperforming this fund by 13.37% per annum.

Union Balanced Advantage Fund Direct Growth Highlights

Risk meter
pointer

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 11.95% since inception which is less than its category average return of 13.25%
Fund Allocations

Fund Allocations

This fund has an allocation of 52.86% in Equity, 8.46% in Debt and 38.68% in Cash related instruments
AUM size ₹1635 Cr

AUM size ₹1635 Cr

This fund has AUM of ₹1635 Cr which is less than its category average of ₹ 8420 Cr
Expense Ratio 0.92%

Expense Ratio 0.92%

This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.32%

Frequently Asked Questions

The current NAV of Union Balanced Advantage Fund Direct Growth is ₹20.92 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Union Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.93%
3.93%
6 Month Returns
10.42%
10.42%
1 Year Returns
21.98%
21.98%
3 Years Returns
41.78%
12.34%
5 Years Returns
92.53%
14%
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.
0.92% as on June 2024
₹1635 Cr as on June 2024
Reliance Industries Ltd(4.63%), ICICI Bank Ltd(4.34%), HDFC Bank Ltd(3.28%), 191 DTB 19072024(3.11%), State Bank of India(2.51%) as on June 2024
Cash Equivalent(28.61%), Government(16.38%), Financial Services(13.24%) as on June 2024
AAA
100
Hardick Bora, Sanjay Bembalkar are the fund managers of Union Balanced Advantage Fund Direct Growth
The Exit load of Union Balanced Advantage Fund Direct Growth is 1%