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4 star

Union Balanced Advantage Fund - Direct Plan download report


1 Lakh

Investment Grown to
₹ 1.37 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.17 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
Union Balanced Advantage Direct-G -3.75 0.00 0.34 -1.52 -3.99 -3.75 1.36 10.97 -- -- --
VR Balanced TRI -7.50 -0.16 0.33 -3.92 -8.23 -7.50 1.78 10.21 -- -- --
Hybrid: Dynamic Asset Allocation -4.33 0.05 0.43 -2.15 -4.95 -4.33 2.23 9.93 -- -- --
Rank within category 12 18 18 5 9 12 15 8 -- -- --
Number of funds in category 28 29 29 29 29 28 25 21 13 11 0

As on 01-Jul-2022

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
4 star
Dec-17 1.36 10.97 -- 0.63% 1,830
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 6.30 11.13 10.37 0.95% 40,146
ICICI Prudential Asset Allocator Fund (FOF) - Direct Plan  | Invest Now
4 star
Jan-13 6.84 12.88 11.38 0.07% 15,824
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Aug-18 2.08 10.45 -- 0.45% 13,667
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 2.02 13.63 11.35 0.47% 8,046

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
Union Balanced Advantage Direct-G 11.94 12.62 0.67 0.91 0.67 2.22
VR Balanced TRI 12.85 17.98 0.52 0.62 -- --
Hybrid: Dynamic Asset Allocation* 10.36 12.50 0.57 0.69 0.63 1.73
Rank within category* 8 10 6 5 12 6
Number of funds in category* 21 21 21 21 21 21

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

As on 31-May-2022

* As on 30-Jun-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 69
Top 10 Holdings (%) 37.42
Top 5 Holdings (%) 23.76
Top 3 Sectors (%) 26.00
Portfolio P/B Ratio 3.10
Portfolio P/E Ratio 22.50
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
new Reserve Bank of India 182-D 25/08/2022 Treasury Bills SOV 0.00 - 4.59 4.59
new Union Liquid Direct Mutual Fund -- 0.00 - 3.01 3.01
new Reserve Bank of India 182-D 11/08/2022 Treasury Bills SOV 0.00 - 2.17 2.17
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 1.32 - 2.34 1.32
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 2.08 1.32
equal 5.45% NTPC 15/10/2025 Debenture AAA 1.30 - 2.38 1.30
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.82 - 1.49 0.82
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.71 - 1.29 0.71
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.53 - 0.97 0.53
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.53 - 0.96 0.53
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.27 - 0.49 0.27
new Reserve Bank of India 91-D 23/06/2022 Treasury Bills SOV 0.00 - 0.21 0.21
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 HDFC Bank Financial 19.76 9.80 3.08 5.43
up Reliance Industries Energy 26.85 9.53 3.03 5.41
up ICICI Bank Financial 19.50 5.02 2.75 4.67
up Infosys Technology 28.13 7.08 2.74 3.66
up Tata Consultancy Services Technology 31.66 7.01 0.97 3.42
up Bharti Airtel Communication 93.13 2.99 1.35 2.57
down Kotak Mahindra Bank Financial 27.54 2.81 0.00 2.42
up Axis Bank Financial 14.01 2.77 0.41 2.24
up State Bank of India Financial 11.78 2.16 0.00 2.16
up Maruti Suzuki India Automobile 65.38 2.92 1.06 2.07
up Larsen & Toubro Construction 25.51 2.48 1.09 1.96
up Hindustan Unilever Consumer Staples 60.41 5.00 0.49 1.80
up Bajaj Finance Financial 48.37 2.15 0.66 1.77
up Ultratech Cement Materials 22.33 1.51 0.00 1.51
up Mahindra & Mahindra Automobile 20.95 1.40 0.31 1.40
up Hindalco Inds. Metals & Mining 5.59 1.71 0.00 1.12
up Interglobe Aviation Services -- 1.02 0.00 1.02
up SBI Life Insurance Company Insurance 73.06 1.36 0.00 1.00
equal Tata Motors Automobile -- 0.99 0.00 0.99
up Bharat Petroleum Corporation Energy 5.91 1.50 0.00 0.95
up Titan Company Consumer Discretionary 79.51 1.41 0.00 0.95
up NTPC Energy 8.97 0.96 0.26 0.94
up United Spirits Consumer Staples 69.09 0.93 0.00 0.87
new Pidilite Industries Chemicals 90.87 0.84 0.00 0.84
up Nestle India Consumer Staples 80.25 2.68 0.19 0.84

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-2022

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:


0.00

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 14.9000

IDCW: ₹ 14.9000


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

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 9.25%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,830 Cr (As on 31-May-2022)
Expense: 0.63% (As on 31-May-2022)
Risk Grade: 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) 6748 3300

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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