Union Balanced Advantage Fund Direct Growth+2.25%

3Groww
6.80%
1 Year Return
Hybrid
Balanced Advantage
3.0 star
6M
1Y
All

Fund Details

Union Balanced Advantage Fund Direct Growth

RiskModerately High
Min SIP AmountNot Supported
Expense Ratio1.83%
NAV10.91 (20 Sep 2019)
Fund Started29 Dec 2017
Fund Size506 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Union Balanced Advantage Fund Direct Growth
6.8%
NA
NA
5.2%
Category Average
-0.2%
5.8%
7.8%
-
Rank within category
3
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    30
    with 6.8% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    Found nothing so far.

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    Fund Managers

    addAnshul Mishra
    Education
    Mr. Mishra is a B.E (Mechanical Engineering), CFA and PGDM (Finance & Marketing)
    Experience
    Prior to joining Union Mutual Fund, he has worked with IDBI AMC - Fund Manager - Equity, AVP - Equity Dealer and Research, ING Investment Management (India) Private Limited (April 2008 - May 2011) and as Manager - Investments (Equity) Treasury, IDBI Bank Ltd. (May 2005 -March 2008)
    Funds Managed
    addHardick Bora
    Education
    Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
    Experience
    He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager - Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.
    Funds Managed

    Other Details

    Union Balanced Advantage Fund Direct Growth 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 Growth.The fund currently has an Asset Under Management(AUM) of ₹506 Cr and the Latest NAV as of 20 Sep 2019 is ₹10.91.

    The Union Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 20% of the investment,1% will be charged for redemption within 18 months..

    Investment Objective

    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
    For units in excess of 20% of the investment,1% will be charged for redemption within 18 months.
    Exit Load

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    About Union KBC 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
    22 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,
    Invest Now
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    + ₹1,000
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    + ₹10,000
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    MONTHLY SIP
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