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 Sanjay Bembalkar, Hardick Bora. This fund gives you the benefit of diversification.
Key Parameters
- 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.
- The fund has an expense ratio 0.9.
Returns
Union Balanced Advantage Fund Direct Growth has given a CAGR return of 11.84% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.43%, 12.01% and 14.08% respectively.
Holdings
Union Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Industrial, Tech, Energy, Consumer Cyclical, Corporate, Communication, Basic Materials, Utilities, Consumer Defensive, Health, Real Estate.
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 benefitGains 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 Overview
| Expense ratio | 0.92% |
Benchmark | null |
| AUM | ₹1635 Cr |
| Inception Date | 4 January, 2018 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 134.91% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Mutual Fund Insights
Union Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1635 Cr
Expense Ratio 0.92%
Frequently Asked Questions
Union Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.86% | 1.86% |
6 Month Returns | 10.57% | 10.57% |
1 Year Returns | 20.43% | 20.43% |
3 Years Returns | 40.51% | 12.01% |
5 Years Returns | 93.22% | 14.08% |
- 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.
AAA | 100 |