VR Logo

5 star

Union Balanced Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.67 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 5.29 0.14 0.48 3.01 2.86 7.05 33.58 13.47 -- -- --
VR Balanced TRI 11.79 0.38 0.85 5.83 4.15 15.13 50.41 13.83 -- -- --
Hybrid: Dynamic Asset Allocation 8.82 0.05 0.46 4.35 4.43 10.35 31.09 10.11 -- -- --
Rank within category 21 5 10 22 21 20 9 2 -- -- --
Number of funds in category 24 25 25 25 25 24 24 16 11 8 0

As on 14-Jun-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 - Direct Plan
5 star
Dec-17 33.58 13.47 -- 1.19 964
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 34.85 11.99 12.55 1.11 32,188
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 38.06 14.87 13.94 0.51 3,881
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 37.53 12.84 13.12 0.83 3,601
DSP Dynamic Asset Allocation Fund - Direct Plan  | Invest Online
4 star
Feb-14 24.30 12.00 11.10 0.69 3,562

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.17 01-Apr-2020 - 09-Apr-2020 -11.94 16-Mar-2020 - 23-Mar-2020
Month 17.31 23-Mar-2020 - 22-Apr-2020 -23.45 20-Feb-2020 - 23-Mar-2020
Quarter 28.93 23-Mar-2020 - 22-Jun-2020 -23.32 23-Dec-2019 - 23-Mar-2020
Year 62.53 23-Mar-2020 - 23-Mar-2021 -17.09 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.27 12.70 0.71 0.94 0.66 2.29
VR Balanced TRI 14.39 18.22 0.55 0.64 -- --
Hybrid: Dynamic Asset Allocation 9.92 12.38 0.45 0.51 0.62 -0.67
Rank within category 3 10 2 2 11 2
Number of funds in category 17 17 17 17 17 17

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

As on 31-May-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 86
Top 10 Holdings (%) 31.46
Top 5 Holdings (%) 17.88
Top 3 Sectors (%) 19.11
Portfolio P/B Ratio 3.09
Portfolio P/E Ratio 24.96
Avg Credit Rating GOI/Cash

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 5.15% GOI 2025 GOI Securities SOV 0.00 - 4.07 3.59
equal 5.45% NTPC 15/10/2025 Debenture AAA 0.00 - 4.90 2.58
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 4.91 2.54
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.34 2.06
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.00 - 3.22 1.61
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.77 1.39
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 1.84 1.05
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 1.12 1.04
equal Reserve Bank of India 182-D 17/06/2021 Treasury Bills SOV 0.00 - 1.18 1.04
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 1.04 1.04
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.54 - 3.48 0.54
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 3.11 0.54
new Reserve Bank of India 364-D 05/08/2021 Treasury Bills SOV 0.00 - 0.31 0.31
equal Reserve Bank of India 364-D 24/06/2021 Treasury Bills SOV 0.00 - 0.24 0.21
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 0.13 0.13
new 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

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 25.88 9.80 3.04 4.49
up ICICI Bank Financial 24.18 5.02 0.63 3.29
up HDFC Financial 24.55 6.46 2.31 3.28
up Reliance Industries Energy 30.87 9.53 2.51 3.23
up Infosys Technology 32.41 7.08 1.44 3.22
up Tata Consultancy Services Technology 37.49 7.01 2.03 2.91
up Tata Steel Metals 19.00 3.60 0.00 2.33
up Bharti Airtel Communication -- 2.99 0.43 2.26
up Larsen & Toubro Construction 18.39 2.57 1.23 1.58
up Bharat Petroleum Corporation Energy 6.52 1.50 0.00 1.50
up State Bank of India Financial 17.13 2.05 0.00 1.37
up Axis Bank Financial 31.67 2.87 0.60 1.31
up Hindalco Inds. Metals 25.51 1.23 0.00 1.23
up Bajaj Finance Financial 84.86 2.15 0.39 1.20
up Asian Paints Chemicals 92.23 1.70 0.00 1.17
up Maruti Suzuki India Automobile 49.49 3.40 1.09 1.16
up ITC FMCG 19.44 4.31 1.06 1.13
down Kotak Mahindra Bank Financial 35.28 2.81 0.00 1.13
up Titan Company Cons Durable 157.88 3.10 0.00 0.96
up Avenue Supermarts Services 198.48 0.95 0.00 0.95
equal Hindustan Unilever FMCG 69.85 5.00 0.00 0.89
up Eicher Motors Automobile 55.86 1.40 0.00 0.86
equal JSW Steel Metals 22.30 0.93 0.00 0.86
equal Tata Power Company Energy 35.02 1.05 0.00 0.85
up Mahindra & Mahindra Automobile 55.54 1.23 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-May-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:


0.14%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 14.7300

IDCW: ₹ 14.7300


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: 11.84%
Benchmark: S&P BSE Sensex 50 TRI (65), CRISIL Composite Bond TRI (35)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 964 Cr (As on 31-May-2021)
Expense: 1.19% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: High
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

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM