Union Balanced Advantage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Union KBC Mutual Fund. This scheme was introduced to investors on 29 Dec 2017. Parijat Agrawal, Ashish Ranawade is the Current Fund Manager of Union Balanced Advantage Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹511 Cr and the Latest NAV as of 09 Dec 2019 is ₹11.29.
The Union Balanced Advantage Fund Direct Dividend is rated Moderately High risk. Minimum Lumpsum Investment is 5000. For units in excess of 20% of the investment,1% will be charged for redemption within 18 months..
To achieve long term capital appreciation and generate income through an equity portfolio by using long equities, equity derivatives and arbitrage opportunities available.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units in excess of 20% of the investment,1% will be charged for redemption within 18 months.