| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 1.80% |
| NAV | ₹12.60 (29 Oct 2020) |
|---|---|
| Fund Started | 29 Dec 2017 |
| Fund Size | ₹500 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.9% |
| Reliance Industries Ltd. | Energy | Equity | 7.8% |
| Infosys Ltd. | Technology | Equity | 7.1% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.6% |
| ICICI Bank Ltd. | Financial | Equity | 3.6% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.5% |
| National Highways Authority of India Ltd. | Services | Debenture | 3.1% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 3.1% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 3.1% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.7% |
Union Balanced Advantage Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹500 Cr and the Latest NAV as of 29 Oct 2020 is ₹12.60.
The Union Balanced Advantage Fund Direct Growth 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.
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.
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.