Union Balanced Advantage Fund Direct Growth

Union Balanced Advantage Fund Direct Growth

Hybrid

Direct

Dynamic Asset Allocation

NAV as on 04-12-2024

₹ 21.12

0.1%

1D

Inception Returns

11.4%

/yr

About 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. This fund gives you the benefit of diversification.

Key Parameters

  1. Union Balanced Advantage Fund Direct Growth has ₹1462 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

Union Balanced Advantage Fund Direct Growth has given a CAGR return of 11.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.60%, 11.10% and 13.24% respectively.

Holdings

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

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
51 people have invested ₹ 4.9L in Union Balanced Advantage Fund Direct Growth in the last three months

Union Balanced Advantage Fund Direct Growth Overview

Expense ratio0.98%
Benchmark
null
AUM₹1462 Cr
Inception Date4 January, 2018
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
133.29%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Dec-24)

Period
Union Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation Index
1M
1.7%
1.7%
3M
-0.5%
-1.1%
6M
9%
9.6%
1Y
15.6%
18.5%
3Y
11.1%
12.6%
5Y
13.2%
13.4%

Fund Distribution

as on (31-Oct-24)

  • Equity 52.7%

  • Debt & Cash 47.3%

Large cap
53.4%

Mid cap
10.7%

Small cap
5.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
21.5%
Tech
13.9%
Consumer Cyclical
13.8%
Industrial
12.3%
Energy
8.9%
Consumer Defensive
6.8%
Communication
6.3%
Basic Materials
6%
Health
5.7%
Utilities
4.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.5K Cr
₹ 1.5K Cr
₹ 1.6K Cr
  • AUM of the fund stands at 1.5K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech

Oct'24
Financial Services
21%
Government
15%
Tech
14%
Sep'24
Financial Services
20%
Consumer Cyclical
14%
Tech
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
134
133
131
Top 5 Company Concentration
17.4%
17.9%
18.8%
Company having highest exposure
HDFC Bank Ltd (4.5%)
Reliance Industries Ltd (4.6%)
HDFC Bank Ltd (4.7%)
No of Sectors
12
12
13
Top 5 Sectors Concentration
76.2%
71.2%
82.2%
Sector having highest exposure
Financial Services (21.5%)
Financial Services (20.2%)
Financial Services (24.4%)
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Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Balanced Advantage Fund Direct Growth, since 25 January 2023
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹22.24K Cr
as on 31-Oct-2024
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com

Mutual Fund Insights

Insights icon
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 21.19% return, outperforming this fund by 7.95% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.98% which is lower than the category average expense ratio of 1.14%.
Insights icon
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 23.45% return, outperforming this fund by 12.35% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 7.0% drop in AUM moving from 1.57K Cr to 1.46K Cr.
Insights icon
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 34.27% return, outperforming this fund by 18.67%.

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 11.42% since inception which is less than its category average return of 12.23%
Fund Allocations

Fund Allocations

This fund has an allocation of 52.68% in Equity, 9.4% in Debt and 37.93% in Cash related instruments
AUM size ₹1462 Cr

AUM size ₹1462 Cr

This fund has AUM of ₹1462 Cr which is less than its category average of ₹ 8924 Cr
Expense Ratio 0.98%

Expense Ratio 0.98%

This fund has an expense ratio of 0.98% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for Union Balanced Advantage Fund Direct Growth

The current NAV of Union Balanced Advantage Fund Direct Growth is ₹21.12 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
Union Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.73%
1.73%
6 Month Returns
8.98%
8.98%
1 Year Returns
15.6%
15.6%
3 Years Returns
37.14%
11.1%
5 Years Returns
86.24%
13.24%
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.
0.98% as on November 2024
₹1462 Cr as on November 2024
91 DTB 03012025(4.73%), HDFC Bank Ltd(4.46%), Reliance Industries Ltd(4.3%), 91 DTB 07112024(3.42%), 191 DTB 30012025(3.37%) as on November 2024
Cash Equivalent(37.93%), Financial Services(11.32%), Tech(7.33%) as on November 2024
AAA
100
Sanjay Bembalkar is the fund manager of Union Balanced Advantage Fund Direct Growth
The Exit load of Union Balanced Advantage Fund Direct Growth is 1%