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5 star

Union Balanced Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.56 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.74 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 11.22 -0.13 -0.51 1.17 5.14 9.65 22.04 15.86 -- -- --
VR Balanced TRI 26.60 -0.30 -1.07 2.83 12.98 23.15 45.62 20.01 -- -- --
Hybrid: Dynamic Asset Allocation 17.31 -0.17 -0.92 1.42 6.11 13.87 28.26 13.78 -- -- --
Rank within category 21 12 7 16 18 22 19 3 -- -- --
Number of funds in category 25 27 27 27 26 26 25 17 12 10 0

As on 22-Oct-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 22.04 15.86 -- 0.92% 1,448
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 27.94 15.28 12.01 1.00% 35,737
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Aug-18 23.36 15.83 -- 0.46% 11,286
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 35.63 19.92 14.88 0.42% 5,845
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 31.49 15.34 11.73 0.61% 5,485

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 14.63 12.61 0.85 1.12 0.66 1.74
VR Balanced TRI 17.41 18.03 0.75 0.87 -- --
Hybrid: Dynamic Asset Allocation 12.65 12.25 0.71 0.77 0.62 0.41
Rank within category 5 9 2 2 10 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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 97
Top 10 Holdings (%) 30.94
Top 5 Holdings (%) 19.14
Top 3 Sectors (%) 17.98
Portfolio P/B Ratio 3.30
Portfolio P/E Ratio 24.37
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 5.16
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.32 2.76
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 4.07 2.40
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 2.08 1.73
equal 5.45% NTPC 15/10/2025 Debenture AAA 1.72 - 4.90 1.72
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 1.70 - 4.91 1.70
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.06 - 3.07 1.06
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.92 - 2.65 0.92
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 1.12 0.70
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 1.84 0.70
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.36 - 3.06 0.36
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.35 - 1.03 0.35
equal Reserve Bank of India 91-D 28/10/2021 Treasury Bills SOV 0.00 - 0.10 0.10
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 27.22 9.80 3.64 4.10
up ICICI Bank Financial 26.31 5.02 2.75 3.54
up Reliance Industries Energy 34.00 9.53 3.03 3.30
up Infosys Technology 34.62 7.08 2.80 3.04
up Tata Consultancy Services Technology 35.39 7.01 2.16 2.65
down HDFC Financial 26.03 6.46 2.21 2.21
down Bharti Airtel Communication 360.64 2.99 0.43 1.78
up Tata Steel Metals 7.50 2.65 0.00 1.76
up State Bank of India Financial 17.95 2.05 0.00 1.51
up ITC FMCG 20.93 4.31 0.94 1.40
up Axis Bank Financial 29.64 2.87 1.05 1.35
up Hindalco Inds. Metals 15.15 1.36 0.00 1.30
up Bajaj Finance Financial 104.39 2.15 0.66 1.27
up Titan Company Consumer Durable 166.63 3.10 0.00 1.22
up Asian Paints Chemicals 87.95 1.70 0.00 1.18
up Ultratech Cement Construction 32.39 1.30 0.00 1.18
up Avenue Supermarts Services 213.17 1.14 0.00 1.14
up Maruti Suzuki India Automobile 43.62 2.92 1.07 1.09
up Larsen & Toubro Construction 20.20 2.57 1.09 1.09
up SBI Life Insurance Company Insurance 90.50 1.36 0.00 1.05
up Bharat Petroleum Corporation Energy 5.71 1.50 0.00 1.01
up United Spirits FMCG 89.12 0.89 0.00 0.89
up L&T Infotech Technology 54.29 2.69 0.00 0.86
equal Tata Power Company Energy 54.11 1.05 0.00 0.84
up Cipla Healthcare 28.44 0.87 0.00 0.81

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-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:


-0.13%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 15.5600

IDCW: ₹ 15.5600


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: 12.28%
Benchmark: S&P BSE Sensex 50 TRI (65), CRISIL Composite Bond Index (35)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,448 Cr (As on 30-Sep-2021)
Expense: 0.92% (As on 30-Sep-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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