Union Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 21-02-2025
₹ 20.07
1D
Inception Returns
10.3%
/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
- Union Balanced Advantage Fund Direct Growth has ₹1383 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 1.
Returns
Union Balanced Advantage Fund Direct Growth has given a CAGR return of 10.26% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.10%, 9.32% and 11.84% respectively.
Holdings
Union Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Consumer Cyclical, Tech, Industrial, Energy, Basic Materials, Communication, Health, Consumer Defensive, Utilities, Corporate.
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term 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
Union Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.95% |
Benchmark | null |
| AUM | ₹1383 Cr |
| Inception Date | 4 January, 2018 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 133.29% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 1.4K Cr as of Jan'25
- AUM decreased by 26.5 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Financial Services, Tech & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Reliance Industries Ltd | 4.32% | 0% | |
 HDFC Bank Ltd | 3.97% | -7.3% | |
 ICICI Bank Ltd | 3.42% | 0% | |
 Bharti Airtel Ltd | 2.82% | 0% | |
 Infosys Ltd | 2.61% | 0% |
Mutual Fund Insights
Union Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1383 Cr
Expense Ratio 0.95%
Frequently Asked Questions for Union Balanced Advantage Fund Direct Growth
Union Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.38% | -1.38% |
6 Month Returns | -4.75% | -4.75% |
1 Year Returns | 4.1% | 4.1% |
3 Years Returns | 30.66% | 9.32% |
5 Years Returns | 74.98% | 11.84% |
- 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 |