SWITCH TO DIRECTHELPMUTUAL FUNDS
0% COMMISSION ON GROWW
Home>Mutual Funds>Union Mutual Fund>Best Union Hybrid Mutual Funds

Best Union Hybrid Mutual Funds

Union Mutual Fund is a part of the Union Bank of India. Incorporated in 2009, this organisation seeks to create a potential asset management system in India through the extensive network of Union Bank of India. As of March 2021, this AMC had assets under management valued at Rs.5240.41 crore.

This AMC currently offers over 15 mutual fund schemes, comprising equity, debt and hybrid funds. This includes the best Union hybrid mutual funds.

Hybrid mutual funds make investments in a mix of different asset classes. In most cases, these asset classes include debt and equity assets. Some schemes also comprise gold, real estate, and international equities in their portfolio.

The investment in both debt and equity instruments helps avoid concentration risk and achieve diversification. An appropriate mix of these two instruments makes these funds less risky than pure equity funds and generate higher returns than a standard debt fund. In most cases, hybrid funds use a balanced portfolio to generate income in the short run and achieve wealth appreciation in the long run.

Hybrid funds allocate assets based on the scheme objective and kind. Broadly, hybrid funds are of two types, namely, debt- and equity-oriented. There are further classifications under these categories. A debt-based fund will invest predominantly in debt securities, thereby offering more stable returns. An equity-oriented scheme will allocate a majority of its corpus in equity and related instruments, maximising returns. The debt component in these funds offers protection against tremendous market fluctuations, and the equity part provides a potential for earning high returns. 

Another distinct type of hybrid MF is an arbitrage fund. Fund managers buy and sell stocks in different exchanges to benefit from a price discrepancy. 

A major benefit of the best Union hybrid mutual funds is that an investor gets access to several asset classes through a single product. Union Mutual Fund offers nearly 5 schemes under this category of MF. 

Taxability

While noting these facts regarding the best Union hybrid mutual funds, one must also consider some other parameters, like their taxation.

TDS: Tax deducted at source does not apply to the capital gains arising out of hybrid mutual funds. However, dividend yields exceeding Rs.5000 attracts 10% TDS. 

Short-term Capital Gains Tax: STCG on equity-oriented hybrid mutual fund units held for shorter than 1 year attract a 15% rate. On the other hand, STCG arising from debt-based MF units held for less than 3 years are added to an individual’s taxable earnings for a financial year.

Long-term Capital Gains Tax: LTCG arising out of equity-oriented hybrid mutual funds are taxed at a 10% rate. In contrast, LTCG on debt-based hybrid funds held for more than 3 years is taxed at a 20% rate with indexation.

Factors to Consider Before Investing

Risk factor: Investors must remember that investments in the top Union hybrid mutual funds are not devoid of risk. The volatility involved in these mainly depends on the equity proportion in a portfolio. It increases with an increase in the equity component. Though the risk factor in these funds is less than that of pure equity funds, it can still be considerable for risk-averse investors. Debt-based funds are more prone to credit, interest rate, and inflationary risks. These depend on the underlying securities’ maturity terms and/or issuer. 

Returns: One must note that the best Union hybrid mutual funds 2023 do not commit guaranteed returns. The performance of underlying investments affects the NAV or Net Asset Value of the funds. Therefore, returns might fluctuate because of movements in the market or interest rates. Furthermore, they may not declare dividends during downturns in the market.

Expense ratio: It is the fee fund houses levy to account for various operating and management costs. Investors must note that a high expense ratio does not necessarily imply low returns.

Past performance of a fund: It is a highly healthy practice for investors to look into a fund’s past performance even though it does not indicate prospective returns. This is because a fund’s past performance might provide valuable insights regarding how it did under different market conditions.

Holding analysis: It refers to the assets in which a scheme invests and the proportion in which it does so. It can be a good reference point for estimating the level of risk and returns to expect from the best Union hybrid mutual funds. For instance, a fund with significant investments in low-rated bonds pose greater credit risk but hold the potential to generate sizable returns. A scheme that predominantly invests in large-cap stocks, on the other hand, will offer more stable returns and pose less risk of volatility. 

Investors might find it daunting to choose a suitable scheme out of the best Union hybrid mutual funds. However, using this article as a guide and acquiring basic knowledge about hybrid mutual funds would help to ease the task.

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

List of Union Hybrid Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Union Small Cap Fund
EquityVery High29.1%2₹1,662
Union Largecap Fund
EquityVery High21.5%3₹434
Union Tax Saver (ELSS) Fund
EquityVery High20.6%3₹747
Union ELSS Tax Saver Fund
EquityVery High25.2%3₹986
Union Balanced Advantage Fund
HybridVery High16.1%3₹1,527
Union Dynamic Bond Fund
DebtModerate9.7%1₹81
Union Flexi Cap Fund
EquityVery High24.9%4₹2,354
Union Liquid Fund
DebtLow to Moderate7.5%5₹3,516
Union Equity Savings Fund
HybridModerate11.5%2₹127
Union Hybrid Equity Fund
HybridVery High22.0%3₹584
View All

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Union Small Cap Fund Direct Growth

Fund Performance: The Union Small Cap Fund has given 22.57% annualized returns in the past three years and 32.23% in the last 5 years. The Union Small Cap Fund comes under the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Small Cap Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹1,662Cr
1Y Returns29.1%

Union Largecap Fund Direct Growth

Fund Performance: The Union Largecap Fund has given 12.95% annualized returns in the past three years and 17.07% in the last 5 years. The Union Largecap Fund comes under the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Largecap Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹434Cr
1Y Returns21.5%

Union Tax Saver (ELSS) Fund Direct Growth

Fund Performance: The Union Tax Saver (ELSS) Fund has given 22.08% annualized returns in the past three years and 19.07% in the last 5 years. The Union Tax Saver (ELSS) Fund comes under the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Tax Saver (ELSS) Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹747Cr
1Y Returns20.6%

Union ELSS Tax Saver Fund Direct Growth

Fund Performance: The Union ELSS Tax Saver Fund has given 16.75% annualized returns in the past three years and 21.93% in the last 5 years. The Union ELSS Tax Saver Fund comes under the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union ELSS Tax Saver Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹986Cr
1Y Returns25.2%

Union Balanced Advantage Fund Direct Growth

Fund Performance: The Union Balanced Advantage Fund has given 11.13% annualized returns in the past three years and 13.44% in the last 5 years. The Union Balanced Advantage Fund comes under the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Balanced Advantage Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹1,527Cr
1Y Returns16.1%

Union Dynamic Bond Fund Direct Growth

Fund Performance: The Union Dynamic Bond Fund has given 5.11% annualized returns in the past three years and 6.04% in the last 5 years. The Union Dynamic Bond Fund comes under the Debt category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Dynamic Bond Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹81Cr
1Y Returns9.7%

Union Flexi Cap Fund Direct Growth

Fund Performance: The Union Flexi Cap Fund has given 16% annualized returns in the past three years and 21.73% in the last 5 years. The Union Flexi Cap Fund comes under the Equity category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Flexi Cap Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹2,354Cr
1Y Returns24.9%

Union Liquid Fund Direct Growth

Fund Performance: The Union Liquid Fund has given 6.44% annualized returns in the past three years and 5.43% in the last 5 years. The Union Liquid Fund comes under the Debt category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Liquid Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹3,516Cr
1Y Returns7.5%

Union Equity Savings Fund Direct Growth

Fund Performance: The Union Equity Savings Fund has given 7.97% annualized returns in the past three years and 9.09% in the last 5 years. The Union Equity Savings Fund comes under the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Equity Savings Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹127Cr
1Y Returns11.5%

Union Hybrid Equity Fund Direct Growth

Fund Performance: The Union Hybrid Equity Fund comes under the Hybrid category of Union Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Union Hybrid Equity Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Min Investment Amt₹1,000
AUM₹584Cr
1Y Returns22.0%

Explore all Mutual Funds on Groww

ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.5.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ