Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 16.6 as on 01-06-2023
Fund Performance
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 Parijat Agrawal, Hardick Bora, Sanjay Bembalkar. This fund gives you the benefit of diversification.
Key parameters
1) Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal has a NAV of ₹16.64 as on 01-06-2023.
2) Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal has ₹1656 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
3) The fund has an expense ratio 0.84 %.
Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal Overview
 | 0.84% |
 Benchmark | |
 | ₹1656 Cr |
 | 4 January, 2018 |
 | ₹1000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 496.87% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
67.1%
Mid cap
1.6%
Sector Allocation
Financial Services
33.8%
Consumer Defensive
10.7%
Basic Materials
10.1%
Consumer Cyclical
9.9%
Tech
9.9%
Energy
8.3%
Industrial
5.4%
Health
4.3%
Utilities
3.9%
Communication
3.6%
Top Holdings of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal as on (31-May-23)
Equity Holdings59
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.48% | 5.4% | |
 Reliance Industries Ltd | 5.25% | 4.9% | |
 ICICI Bank Ltd | 5.1% | 5.3% | |
 Infosys Ltd | 2.72% | -6.7% | |
 Bharti Airtel Ltd | 2.49% | 3.6% |
See all
Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.19% whereas the fund’s underlying benchmark Dynamic Asset Allocation Index returns stands at -0.54% as on Apr'23
- This fund outperformed Dynamic Asset Allocation Index by 0.35% in Apr'23
AUM Change
- AUM of the fund stands at 1.7K Cr as of Apr'23
- AUM increased by 0.8 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal Fund Manager
Parijat Agrawal
Fund Manager of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal, since 4 January 2018
Top funds managed
Hardick Bora
Fund Manager of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal, since 29 June 2018
Top funds managed
Sanjay Bembalkar
Fund Manager of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal, since 25 January 2023
Top funds managed
Fund Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 9.88% since inception which is more than its category average return of 9.08%
Fund Allocations
This fund has an allocation of 14.5% in Equity, 16.89% in Debt and 68.62% in Cash related instruments
AUM size ₹1656 Cr
This fund has AUM of ₹1656 Cr which is less than its category average of ₹ 7429 Cr
Expense Ratio 0.84%
This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal is ₹16.64 as on 01-Jun-2023.
Existing (Absolute + CAGR) as on 01-Jun-2023.
Union Balanced Advantage Fund Direct Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 1.84% | 1.84% |
6 Month Returns | 2.53% | 2.53% |
1 Year Returns | 9.98% | 9.98% |
3 Years Returns | 52.8% | 15.18% |
5 Years Returns | 65.41% | 10.59% |
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.
0.84% as on May 2023
₹1656 Cr as on May 2023
HDFC Bank Ltd(5.48%), Reliance Industries Ltd(5.25%), ICICI Bank Ltd(5.1%), Infosys Ltd(2.72%), Bharti Airtel Ltd(2.49%) as on May 2023
Cash Equivalent(67.9%), Government(9.99%), Corporate(7.61%) as on May 2023
AAA | 100 |
Parijat Agrawal, Hardick Bora, Sanjay Bembalkar 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%