Union Balanced Advantage Fund Direct Dividend+0.53%

17.68%
1 Year Return
Hybrid
Balanced Advantage
3.0star
6M
1Y
All

Fund Details

Union Balanced Advantage Fund Direct Dividend

RiskModerately High
Min SIP Amount₹2000
Expense Ratio1.80%
NAV13.44 (26 Nov 2020)
Fund Started29 Dec 2017
Fund Size509 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
17.7%
-
-
9.8%
Category Average
9.0%
5.5%
7.8%
-
Rank Within Category
2
-
-
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 17.7% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the category average returns
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Age is less than 3 years
    3. Risk-adjusted returns are lower compared to the category
    4. Risk is higher compared to the benchmark
    5. Higher expense ratio
    6. 1Y Returns are lower than the benchmark
    7. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    8. Age is less than 3 years
    9. Higher expense ratio - 2.57%

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity7.9%
    Infosys Ltd.TechnologyEquity6.8%
    Reliance Industries Ltd.EnergyEquity6.5%
    State Bank of IndiaFinancialDebenture4.9%
    National Thermal Power Corp. Ltd.EnergyDebenture4.9%
    Housing Development Finance Corpn. Ltd.FinancialEquity4.6%
    ICICI Bank Ltd.FinancialEquity3.7%
    Tata Consultancy Services Ltd.TechnologyEquity3.5%
    National Highways Authority of India Ltd.ServicesDebenture3.1%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture3.1%
    See All

    Fund Managers

    Vinay Paharia
    keyboard_arrow_down
    Anshul Mishra
    keyboard_arrow_down
    Hardick Bora
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    Union Balanced Advantage Fund Direct Dividend Details

    Union Balanced Advantage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 29 Dec 2017. Parijat Agrawal, Ashish Ranawade is the Current Fund Manager of Union Balanced Advantage Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹509 Cr and the Latest NAV as of 26 Nov 2020 is ₹13.44.

    The Union Balanced Advantage Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000. 1% exit load if redeemed within 15 days.

    Investment Objective

    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.

    Tax Implications

    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)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    1% exit load if redeemed within 15 days.
    Exit Load

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    About Union Mutual Fund

    Address
    Unit 802, 8th Floor, Tower ‘A’, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel (West) Mumbai - 400013
    Phone
    022-24833300
    Launch Date
    23 Mar 2011
    Union Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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