| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 1.81% |
| NAV | ₹11.61 (03 Jul 2020) |
|---|---|
| Fund Started | 29 Dec 2017 |
| Fund Size | ₹434 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 9.3% |
| Reliance Industries Ltd. | Energy | Equity | 8.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 6.1% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.7% |
| Infosys Ltd. | Technology | Equity | 5.0% |
| ICICI Bank Ltd. | Financial | Equity | 4.5% |
| National Thermal Power Corp. Ltd. | Energy | NCD | 3.6% |
| National Highways Authority of India Ltd. | Services | Debenture | 3.6% |
| ITC Ltd. | FMCG | Equity | 3.2% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.9% |
Union Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Union KBC 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 ₹434 Cr and the Latest NAV as of 03 Jul 2020 is ₹11.61.
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.
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.