VR Logo

Unrated

Union Balanced Advantage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.36 Lakh

Suitability:

When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 10.32 -0.80 -1.27 3.77 3.08 20.51 12.48 -- -- -- --
VR Balanced TRI -1.24 -1.10 -1.32 3.97 3.54 21.32 3.08 -- -- -- --
Hybrid: Dynamic Asset Allocation 3.17 -0.55 -0.46 2.11 2.72 14.33 5.47 -- -- -- --
Rank within category 2 23 25 1 11 2 2 -- -- -- --
Number of funds in category 23 25 25 25 25 25 23 15 12 7 6

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Balanced Advantage Fund - Regular Plan
Unrated
Dec-17 12.48 -- -- 2.57 500
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 4.31 5.52 7.83 1.73 26,175
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
5 star
Feb-14 6.64 5.94 7.45 2.14 1,633
IDFC Dynamic Equity Fund - Regular Plan
4 star
Oct-14 8.71 6.21 7.10 2.34 1,018
L&T Balanced Advantage Fund  | Invest Online
5 star
Feb-11 9.93 6.91 6.00 2.40 764

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.18 (01-Apr-2020 - 09-Apr-2020) -11.81 (16-Mar-2020 - 23-Mar-2020)
Month 17.09 (23-Mar-2020 - 22-Apr-2020) -23.36 (20-Feb-2020 - 23-Mar-2020)
Quarter 28.64 (23-Mar-2020 - 22-Jun-2020) -23.36 (23-Dec-2019 - 23-Mar-2020)
Year 15.97 (17-Sep-2019 - 16-Sep-2020) -17.52 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Balanced TRI* 7.52 17.40 0.14 0.16 -- --
Hybrid: Dynamic Asset Allocation* 4.39 11.87 -0.06 -0.05 0.62 -2.21
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Sep-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 38
Top 10 Holdings (%) 46.49
Top 5 Holdings (%) 30.94
Top 3 Sectors (%) 47.24
Portfolio P/B Ratio 3.10
Portfolio P/E Ratio 25.53
Avg Credit Rating AAA

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 3.00 - 3.88 3.13
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 3.22 3.11
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 3.11 3.09
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.77 2.68
equal HDFC Bank 365-D Term Deposits -- 0.00 - 2.65 2.10
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 1.05 - 3.93 1.05
equal Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 0.39 0.39

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 22.16 9.80 1.63 7.91
down Reliance Industries Energy 32.21 9.53 0.80 7.75
up Infosys Technology 25.45 7.08 0.00 7.08
down HDFC Financial 15.95 6.46 0.00 4.56
down ICICI Bank Financial 26.99 5.02 0.00 3.64
down Tata Consultancy Services Technology 32.14 7.01 0.00 3.54
up L&T Infotech Technology 29.93 2.56 0.00 2.56
down Maruti Suzuki India Automobile 53.32 3.40 0.78 2.55
down Hindustan Unilever FMCG 71.44 5.00 0.00 2.21
down Bharti Airtel Communication -- 3.11 0.43 2.04
down ITC FMCG 14.09 4.31 0.00 1.69
down Kotak Mahindra Bank Financial 34.29 2.81 0.00 1.69
down Larsen & Toubro Construction 11.64 3.17 1.23 1.68
down Axis Bank Financial 42.97 2.87 0.00 1.57
down Asian Paints Chemicals 92.89 1.70 0.00 1.39
down Eicher Motors Automobile 43.81 1.40 0.00 1.29
down Reliance Industries Ltd - Partly Paid Equity Energy -- 1.12
down Mahindra & Mahindra Automobile -- 1.73 0.00 1.07
down Power Grid Corporation Energy 10.56 1.47 0.00 1.07
down Titan Company Cons Durable 149.31 3.10 0.00 1.05
down Muthoot Finance Financial 14.39 1.32 0.00 1.02
down Britannia Inds. FMCG 47.36 1.40 0.00 1.01
down Sun Pharmaceutical Inds. Healthcare 151.97 2.45 0.69 0.91
down SBI Life Insurance Company Financial 47.46 1.36 0.00 0.85
down Torrent Pharmaceuticals Healthcare 36.04 1.69 0.00 0.85

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Hardick Bora since 28-Jun-2018

Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.

Experience: He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager - Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.

Funds Managed:

— Parijat Agrawal since 07-Dec-2017

Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.

Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Funds Managed:

— Vinay Paharia since 28-Jun-2018

Education: Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.

Experience: Prior to joining Union Mutual Fund he was associated with Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).

Interviews:

Funds Managed:


-0.80%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 12.4000

Dividend: ₹ 12.4000


Investment Strategy

The scheme seeks to achieve long term capital appreciation and generate income through an equity portfolio by using long equities, equity derivatives and arbitrage opportunities available.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: Union Mutual Fund
Launch Date: 29-Dec-2017
Return Since Launch: 7.89%
Benchmark: S&P BSE Sensex 50 TRI (65), CRISIL Composite Bond TRI (35)
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 500 Cr (As on 30-Sep-2020)
Expense: 2.57% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Union Asset Management Company Pvt.Ltd.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone: 022-67483300 / 1800-200-2268

Fax: 022-67483400/3401/3402

Email: [email protected]

Website: http://www.unionmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

VR Helpline

No more excuses

dateSaturday, 31-Oct-2020
time04:00 PM - 04:30 PM