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5 star

Union Balanced Advantage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.47 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.53 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: 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.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.97 -0.33 0.20 -1.13 0.27 4.55 12.50 13.59 -- -- --
VR Balanced TRI 21.24 -1.03 0.87 -3.01 -0.30 9.26 27.94 16.15 -- -- --
Hybrid: Dynamic Asset Allocation 14.58 -0.31 0.33 -1.28 0.72 6.61 17.94 11.25 -- -- --
Rank within category 21 19 22 14 14 21 20 4 -- -- --
Number of funds in category 25 29 29 28 26 26 25 18 12 10 6

As on 03-Dec-2021

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
5 star
Dec-17 12.50 13.59 -- 2.18% 1,552
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 17.56 12.73 11.54 1.69% 36,816
Kotak Balanced Advantage Fund - Regular Plan  | Invest Online
4 star
Aug-18 15.73 13.00 -- 1.78% 11,813
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
Aug-09 22.64 15.99 14.34 1.82% 6,331
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
Apr-00 16.29 12.31 10.58 1.84% 6,124

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 61.20 23-Mar-2020 - 23-Mar-2021 -17.52 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.49 12.53 0.77 1.03 0.66 1.35
VR Balanced TRI 16.35 17.90 0.70 0.83 -- --
Hybrid: Dynamic Asset Allocation 11.45 12.25 0.62 0.69 0.62 -0.19
Rank within category 5 10 3 3 11 3
Number of funds in category 19 19 19 19 19 19

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 97
Top 10 Holdings (%) 30.83
Top 5 Holdings (%) 19.22
Top 3 Sectors (%) 17.83
Portfolio P/B Ratio 3.35
Portfolio P/E Ratio 23.95
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 6.20 4.80
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.17 4.17
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 4.07 2.23
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 2.08 1.61
equal 5.45% NTPC 15/10/2025 Debenture AAA 1.59 - 4.54 1.59
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 1.58 - 4.53 1.58
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.99 - 2.83 0.99
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.86 - 2.45 0.86
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 1.12 0.65
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.65 - 1.84 0.65
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.33 - 0.95 0.33
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.33 - 2.83 0.33
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 0.11 0.11
equal 5.50% Britannia Inds. 2024 Non Convertible Debenture AAA 0.00 - 0.00 0.00

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

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ICICI Bank Financial 23.44 5.02 2.75 3.83
down HDFC Bank Financial 24.50 9.80 3.27 3.27
up Reliance Industries Energy 31.17 9.53 3.03 3.15
down Infosys Technology 34.93 7.08 2.74 2.74
up Tata Consultancy Services Technology 36.81 7.01 2.16 2.47
up HDFC Financial 24.08 6.46 2.17 2.17
up Bharti Airtel Communication 139.49 2.99 0.43 2.00
up State Bank of India Financial 14.74 2.05 0.00 1.91
up Tata Steel Metals 4.38 2.53 0.00 1.68
up Kotak Mahindra Bank Financial 38.01 2.81 0.00 1.57
up Larsen & Toubro Construction 28.92 2.57 1.09 1.42
down Titan Company Consumer Durable 120.35 3.10 0.00 1.25
up Axis Bank Financial 20.63 2.87 1.22 1.23
up Avenue Supermarts Services 226.32 1.19 0.00 1.19
up Ultratech Cement Construction 33.27 1.30 0.00 1.17
up Hindalco Inds. Metals 9.54 1.36 0.00 1.17
up Bajaj Finance Financial 85.76 2.15 0.66 1.16
up Asian Paints Chemicals 91.67 1.70 0.00 1.07
up Maruti Suzuki India Automobile 51.80 2.92 1.06 1.06
equal Tata Power Company Energy 49.59 1.06 0.00 1.06
down ITC FMCG 19.14 4.31 0.94 0.97
up SBI Life Insurance Company Insurance 94.36 1.36 0.00 0.93
up United Spirits FMCG 77.06 0.93 0.00 0.93
up Bharat Petroleum Corporation Energy 4.67 1.50 0.00 0.92
equal Tata Motors Automobile -- 0.85 0.00 0.83

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 31-Oct-2021

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:


-0.33%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 14.9400

IDCW: ₹ 14.9400


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
Lock-in Period Not Applicable
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: Union Mutual Fund
Launch Date: 29-Dec-2017
Return Since Launch: 10.75%
Benchmark: S&P BSE Sensex 50 TRI (65), CRISIL Composite Bond Index (35)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,552 Cr (As on 31-Oct-2021)
Expense: 2.18% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Above Average
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

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