Union Balanced Advantage Fund Direct Growth
Union Balanced Advantage Fund Direct Growth

Union Balanced Advantage Fund Direct Growth

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Hybrid
Direct
Dynamic Asset Allocation

NAV: ₹ 16.1 as on 25-11-2022

Fund Performance
zero opening, trading, fund transfer fee
35 people have invested ₹ 7.5L in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
1.4%
2%
8%
3.8%
12.4%
Benchmark
1.9%
2.9%
9.7%
5.2%
11.3%
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, Vinay Paharia, Parijat Agrawal. This fund gives you the benefit of diversification.

Key parameters

1) Union Balanced Advantage Fund Direct Growth has a NAV of 16.12 as on 25-11-2022.

2) Union Balanced Advantage Fund Direct Growth has 1857 Cr worth of assets under management (AUM) as on 30-09-2022 and is less than category average.

3) The fund has an expense ratio 0.81 %.

Fund Overview

Expense ratio
Expense ratio
0.81%
Benchmark
Benchmark
AUM
AUM
₹1857 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
496.87%

Fund Distribution

  • Equity 33.4%
  • Debt & Cash 66.6%
Size breakup
Large cap
67.5%
Mid cap
1.2%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

33.1%

Tech

10.9%

Basic Materials

10.9%

Consumer Defensive

10.6%

Consumer Cyclical

9.1%

Energy

8.7%

Industrial

6.5%

Health

4.3%

Utilities

3.6%

Communication

2.4%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings132
Equity Holdings111
Debt Holdings21
Holdings
Weight%
Holdings Trend
1M Change
icon
Cash Offset For Derivatives
33.89%
12.5%
icon
Treps
5.45%
0%
icon
ICICI Bank Ltd
4.38%
-11.3%
icon
Reliance Industries Ltd
4.21%
-11.8%
icon
HDFC Bank Ltd
3.92%
-12.2%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 11.3 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 1.9K Cr
Sep'22
₹ 1.8K Cr
Aug'22
₹ 1.9K Cr

Fund Returns vs Benchmark

Oct'22
4.50%
5.19%
Sep'22
-1.51%
-1.39%
Aug'22
2.18%
2.56%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
127
125
119
Top 5 Company Concentration
18.3%
19.1%
22.4%
Company having highest exposure
ICICI Bank Ltd (4.4%)
ICICI Bank Ltd (4.7%)
ICICI Bank Ltd (6%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
81.3%
81.9%
76.6%
Sector having highest exposure
Cash Equivalent (43%)
Cash Equivalent (41.5%)
Cash Equivalent (28.2%)

Fund Manager

Hardick Bora

Hardick Bora

Managing this fund since 29 June 2018

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Balanced Advantage Fund Direct Growth
12.37%
11.49%
Union Small Cap Fund Direct Growth
30.45%
31%
Union Flexi Cap Fund Direct Growth Option
19.78%
17.09%
Vinay Paharia

Vinay Paharia

Managing this fund since 29 June 2018

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Balanced Advantage Fund Direct Growth
12.37%
11.49%
Union Small Cap Fund Direct Growth
30.45%
31%
Union Flexi Cap Fund Direct Growth Option
19.78%
17.09%
Parijat Agrawal

Parijat Agrawal

Managing this fund since 4 January 2018

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Corporate Bond Fund Direct Growth
5.46%
5.29%
Union Balanced Advantage Fund Direct Growth
12.37%
11.49%
Union Liquid Fund Direct Plan Growth Option
4.19%
3.35%

AMC details

Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Fund House
Union Asset Management Co. Pvt. Ltd.

Fund Highlights

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Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 10.26% since inception which is more than its category average return of 9.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 33.38% in Equity, 15.83% in Debt and 50.79% in Cash related instruments
AUM size ₹1857 Cr

AUM size ₹1857 Cr

This fund has AUM of ₹1857 Cr which is less than its category average of ₹ 7645 Cr
Expense Ratio 0.81%

Expense Ratio 0.81%

This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of Union Balanced Advantage Fund Direct Growth is 16.12.
Existing (Absolute + CAGR)
Union Balanced Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.77%
1.77%
6 Month Returns
7.83%
7.83%
1 Year Returns
4.07%
4.07%
3 Years Returns
42.78%
12.6%
5 Years Returns
0%
0%
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.
0.81 as on October 2022
1857 Cr as on October 2022
ICICI Bank Ltd(4.38%),Reliance Industries Ltd(4.21%),HDFC Bank Ltd(3.92%),Infosys Ltd(3.13%),Tata Consultancy Services Ltd(2.65%) as on October 2022
Cash Equivalent(43.02%),Government(18.98%),Financial Services(11.05%) as on October 2022
AAA
100
Vinay Paharia,Hardick Bora,Parijat Agrawal are the fund managers of Union Balanced Advantage Fund Direct Growth
The Exit load of Union Balanced Advantage Fund Direct Growth is 1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.