Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal

Hybrid
Direct
Dynamic Asset Allocation
Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal

About the Fund

Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal has ₹1595 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 11.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.05%, 11.39% and 13.39% respectively.

Holdings

Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal

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 Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.92%
Benchmark
Benchmark
null
AUM
AUM
₹1595 Cr
Inception Date
Inception Date
4 January, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
134.91%

Fund Distribution
as on (31-May-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

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal, since 25 January 2023
Hardick Bora
Hardick Bora
Fund Manager of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal, since 28 June 2018

Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal 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 11.67% since inception which is less than its category average return of 12.56%
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 ₹1595 Cr

AUM size ₹1595 Cr

This fund has AUM of ₹1595 Cr which is less than its category average of ₹ 8445 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 1.35%

Frequently Asked Questions

The current NAV of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal is ₹20.36 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
4.14%
4.14%
6 Month Returns
9.64%
9.64%
1 Year Returns
21.05%
21.05%
3 Years Returns
38.22%
11.39%
5 Years Returns
87.48%
13.39%
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 May 2024
₹1595 Cr as on May 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 May 2024
Cash Equivalent(28.61%), Government(16.38%), Financial Services(13.24%) as on May 2024
AAA
100
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal
The Exit load of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal is 1%