Dezerv

Fund Overview

Fund Size

Fund Size

₹1,609 Cr

Expense Ratio

Expense Ratio

1.19%

ISIN

ISIN

INF582M01DE9

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

04 Jan 2018

About this fund

Union Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 6 years, 3 months and 15 days, having been launched on 04-Jan-18.
As of 18-Apr-24, it has a Net Asset Value (NAV) of ₹19.34, Assets Under Management (AUM) of 1608.71 Crores, and an expense ratio of 1.19%.
  • Union Balanced Advantage Fund Direct Growth has given a CAGR return of 11.06% since inception.
  • The fund's asset allocation comprises around 52.88% in equities, 8.39% in debts, and 38.73% in cash & cash equivalents.
  • You can start investing in Union Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+19.68%

+23.89%(Cat. Avg.)

3 Years

+10.74%

+12.45%(Cat. Avg.)

5 Years

+12.50%

+11.62%(Cat. Avg.)

Since Inception

+11.06%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity850.76 Cr52.88%
Debt134.97 Cr8.39%
Others622.99 Cr38.73%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset260.52 Cr16.19%
TrepsCash - Repurchase Agreement116.79 Cr7.26%
India (Republic of)Bond - Short-term Government Bills98.64 Cr6.13%
Reliance Industries LtdEquity88.8 Cr5.52%
National Stock Exchange Of India Ltd. 25-Apr-24Equity Index - Future82.31 Cr5.12%
HDFC Bank LtdEquity69.79 Cr4.34%
ICICI Bank LtdEquity67.46 Cr4.19%
182 DTB 16052024Bond - Gov't/Treasury49.59 Cr3.08%
India (Republic of)Bond - Short-term Government Bills49.46 Cr3.07%
Infosys LtdEquity47 Cr2.92%
State Bank of IndiaEquity43.08 Cr2.68%
Larsen & Toubro LtdEquity39 Cr2.42%
Bharti Airtel LtdEquity35.31 Cr2.19%
India (Republic of)Bond - Short-term Government Bills34.89 Cr2.17%
NTPC LtdEquity31.18 Cr1.94%
Sun Pharmaceuticals Industries LtdEquity27.51 Cr1.71%
Axis Bank LtdEquity26.08 Cr1.62%
Future on Reliance Industries LtdEquity - Future-25.2 Cr1.57%
Indian Railway Finance Corp Ltd.Bond - Gov't Agency Debt25.13 Cr1.56%
State Bank Of IndiaBond - Corporate Bond24.34 Cr1.51%
Titan Co LtdEquity23.68 Cr1.47%
Tata Consultancy Services LtdEquity23.03 Cr1.43%
Varun Beverages LtdEquity21.6 Cr1.34%
HCL Technologies LtdEquity21.46 Cr1.33%
Future on Bharat Electronics LtdEquity - Future-20.85 Cr1.30%
Bharat Electronics LtdEquity20.67 Cr1.29%
Indian Railway Finance Corporation LimitedBond - Corporate Bond20.34 Cr1.26%
Tata Motors Ltd Class AEquity19.46 Cr1.21%
Bharat Petroleum Corp LtdEquity19.2 Cr1.19%
TVS Motor Co LtdEquity18.38 Cr1.14%
Coal India LtdEquity17.67 Cr1.10%
Shriram Finance LtdEquity17.66 Cr1.10%
Tata Consumer Products LtdEquity17.12 Cr1.06%
Future on HDFC Bank LtdEquity - Future-15.91 Cr0.99%
Future on Tata Power Co LtdEquity - Future-15.29 Cr0.95%
Tata Power Co LtdEquity15.17 Cr0.94%
ITC LtdEquity15.12 Cr0.94%
Rural Electrification Corporation LimitedBond - Corporate Bond15.11 Cr0.94%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond14.99 Cr0.93%
Power Grid Corporation Of India LimitedBond - Corporate Bond14.94 Cr0.93%
Cipla LtdEquity14.43 Cr0.90%
Future on Grasim Industries LtdEquity - Future-14.35 Cr0.89%
Grasim Industries LtdEquity14.29 Cr0.89%
Tech Mahindra LtdEquity14.26 Cr0.89%
Future on Infosys LtdEquity - Future-14.16 Cr0.88%
Jio Financial Services LtdEquity14.04 Cr0.87%
Future on DLF LtdEquity - Future-13.68 Cr0.85%
Oil & Natural Gas Corp LtdEquity13.64 Cr0.85%
DLF LtdEquity13.62 Cr0.85%
Bajaj Auto LtdEquity12.36 Cr0.77%
Net Receivable / PayableCash - Collateral11.36 Cr0.71%
Maruti Suzuki India LtdEquity11.3 Cr0.70%
Future on Bharat Petroleum Corp LtdEquity - Future-10.82 Cr0.67%
Future on Adani Ports & Special Economic Zone LtdEquity - Future-10.82 Cr0.67%
Adani Ports & Special Economic Zone LtdEquity10.73 Cr0.67%
Future on IndusInd Bank LtdEquity - Future-10.54 Cr0.66%
IndusInd Bank LtdEquity10.48 Cr0.65%
Future on ICICI Bank LtdEquity - Future-10.26 Cr0.64%
Rural Electrification Corporation LimitedBond - Corporate Bond10.14 Cr0.63%
Zomato LtdEquity10.04 Cr0.62%
Future on State Bank of IndiaEquity - Future-9.99 Cr0.62%
Small Industries Development Bank Of IndiaBond - Corporate Bond9.97 Cr0.62%
Phoenix Mills LtdEquity9.89 Cr0.61%
CG Power & Industrial Solutions LtdEquity9.84 Cr0.61%
PB Fintech LtdEquity9.76 Cr0.61%
SBI Life Insurance Company LimitedEquity9.75 Cr0.61%
JSW Energy LtdEquity9.67 Cr0.60%
Future on Hero MotoCorp LtdEquity - Future-9.55 Cr0.59%
Hero MotoCorp LtdEquity9.49 Cr0.59%
Future on Axis Bank LtdEquity - Future-9.49 Cr0.59%
Future on Divi's Laboratories LtdEquity - Future-9.37 Cr0.58%
Max Healthcare Institute Ltd Ordinary SharesEquity9.35 Cr0.58%
Nestle India LtdEquity9.33 Cr0.58%
Divi's Laboratories LtdEquity9.3 Cr0.58%
Future on NTPC LtdEquity - Future-9.13 Cr0.57%
Future on United Spirits LtdEquity - Future-9.09 Cr0.56%
United Spirits LtdEquity9.05 Cr0.56%
Future on Coal India LtdEquity - Future-8.92 Cr0.55%
Power Grid Corp Of India LtdEquity8.76 Cr0.54%
Abbott India LtdEquity8.63 Cr0.54%
Sona BLW Precision Forgings LtdEquity8.56 Cr0.53%
Godrej Properties LtdEquity8.48 Cr0.53%
ABB India LtdEquity8.07 Cr0.50%
Future on Hindalco Industries LtdEquity - Future-7.99 Cr0.50%
Hindalco Industries LtdEquity7.92 Cr0.49%
Future on Bajaj Finance LtdEquity - Future-7.19 Cr0.45%
Future on Oil & Natural Gas Corp LtdEquity - Future-7.17 Cr0.45%
Bajaj Finance LtdEquity7.15 Cr0.44%
Future on UPL LtdEquity - Future-7.1 Cr0.44%
UPL LtdEquity7.05 Cr0.44%
Future on Tech Mahindra LtdEquity - Future-6.87 Cr0.43%
Future on Tata Consultancy Services LtdEquity - Future-6.84 Cr0.43%
Indus Towers Ltd. 25-Apr-24Equity - Future-6.68 Cr0.42%
Indus Towers Ltd Ordinary SharesEquity6.63 Cr0.41%
Canara BankEquity6.48 Cr0.40%
Future on Ashok Leyland LtdEquity - Future-6.29 Cr0.39%
Ashok Leyland LtdEquity6.25 Cr0.39%
Future on Bharti Airtel LtdEquity - Future-6.24 Cr0.39%
Future on Polycab India LtdEquity - Future-5.87 Cr0.36%
Polycab India LtdEquity5.82 Cr0.36%
Future on Hindustan Unilever LtdEquity - Future-5.75 Cr0.36%
Hindustan Unilever LtdEquity5.71 Cr0.35%
Indian Oil Corporation Ltd. 25-Apr-24Equity - Future-5.43 Cr0.34%
Indian Oil Corp LtdEquity5.4 Cr0.34%
Future on Titan Co LtdEquity - Future-5.29 Cr0.33%
Future on Tata Communications LtdEquity - Future-5.25 Cr0.33%
Tata Communications LtdEquity5.23 Cr0.32%
Future on Maruti Suzuki India LtdEquity - Future-5.13 Cr0.32%
Gabriel India LtdEquity5.09 Cr0.32%
Future on Adani Enterprises LtdEquity - Future-4.92 Cr0.31%
Future on Vedanta LtdEquity - Future-4.91 Cr0.31%
Adani Enterprises LtdEquity4.89 Cr0.30%
Vedanta LtdEquity4.87 Cr0.30%
Future on ITC LtdEquity - Future-4.77 Cr0.30%
KFin Technologies LtdEquity4.61 Cr0.29%
Cyient LtdEquity4.46 Cr0.28%
Electronics Mart India LtdEquity4.36 Cr0.27%
Central Depository Services (India) LtdEquity4.31 Cr0.27%
Ethos LtdEquity4.24 Cr0.26%
Sonata Software LtdEquity4.14 Cr0.26%
Gokaldas Exports LtdEquity4.12 Cr0.26%
Future on Sun Pharmaceuticals Industries LtdEquity - Future-3.54 Cr0.22%
Future on HCL Technologies LtdEquity - Future-2.18 Cr0.14%
182 DTB 27062024Bond - Gov't/Treasury1.73 Cr0.11%

Allocation By Market Cap (Equity)

Large Cap Stocks

56.21%

Mid Cap Stocks

7.19%

Small Cap Stocks

4.29%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services286.04 Cr17.78%
Energy149.59 Cr9.30%
Consumer Cyclical131.07 Cr8.15%
Technology114.5 Cr7.12%
Industrials104.85 Cr6.52%
Consumer Defensive77.92 Cr4.84%
Healthcare69.23 Cr4.30%
Utilities64.78 Cr4.03%
Communication Services47.17 Cr2.93%
Basic Materials34.14 Cr2.12%
Real Estate31.99 Cr1.99%

Risk & Performance Ratios

Standard Deviation

This fund

5.66%

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

0.94

Cat. avg.

0.90

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.79

Higher the better

Fund Managers

PA

Parijat Agrawal

Since January 2018

HB

Hardick Bora

Since June 2018

SB

Sanjay Bembalkar

Since January 2023

Additional Scheme Detailsas of 31st March 2024

ISININF582M01DE9Expense Ratio1.19%Exit Load1.00%Fund Size₹1,609 CrAge04 Jan 2018Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 50 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Asset Allocation Funds

Fund nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Balance Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹1235.60 Cr32.3%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1235.60 Cr33.9%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹890.96 Cr60.5%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.2%1.0%₹890.96 Cr57.9%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.7%1.0%₹2224.10 Cr21.5%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

1.9%1.0%₹2224.10 Cr19.9%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.3%1.0%₹702.76 Cr30.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹702.76 Cr32.8%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr22.9%
Mirae Asset Balanced Advantage Fund Regular Growth

Very High Risk

2.1%1.0%₹1534.21 Cr21.2%

About the AMC

Total AUM

₹17,141 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.7%0.0%₹42.54 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.9%1.0%₹600.98 Cr-
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-6.8%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹3669.91 Cr45.4%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹591.13 Cr28.9%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.7%1.0%₹226.58 Cr6.5%
Union Value Discovery Fund Direct Growth

Very High Risk

1.4%1.0%₹226.87 Cr43.1%
Union Multicap Fund Direct Growth

Very High Risk

1.1%1.0%₹832.45 Cr42.4%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.2%1.0%₹1608.71 Cr19.7%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.8%1.0%₹156.51 Cr14.7%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹156.38 Cr8.4%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.5%0.0%₹846.64 Cr36.7%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.3%1.0%₹113.25 Cr6.3%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1986.67 Cr38.6%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹2061.08 Cr7.4%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1064.70 Cr45.8%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹133.90 Cr6.8%
Union Largecap Fund Direct Growth

Very High Risk

1.8%1.0%₹318.76 Cr34.0%
Union Retirement Fund Direct Growth

Very High Risk

1.8%0.0%₹120.24 Cr40.6%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹441.48 Cr6.9%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹156.89 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.6%1.0%₹388.31 Cr31.4%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹202.26 Cr7.2%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹705.70 Cr37.4%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Union Balanced Advantage Fund Direct Growth, as of 18-Apr-2024, is ₹19.34.
The fund has generated 19.68% over the last 1 year and 10.74% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 52.88% in equities, 8.39% in bonds, and 38.73% in cash and cash equivalents.
The fund managers responsible for Union Balanced Advantage Fund Direct Growth are:-
  1. Parijat Agrawal
  2. Hardick Bora
  3. Sanjay Bembalkar