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Union Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Moderate Risk
12.01%
3Y annualised
+0.94% 1D
1M
6M
1Y
3Y
All
NAV: 18 May 2022₹15.00
Min. SIP amount₹1,000
Rating4
Fund size₹1,831.85Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA4.5%12.0%9.7%
Category averageNA24.8%9.3%NA
Rank with in categoryNA188NA
Understand terms

Holdings (98)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec5.1%
Reliance Industries Ltd.EnergyEquity4.5%
GOI
SovereignGOI Sec4.0%
ICICI Bank Ltd.FinancialEquity3.9%
Infosys Ltd.TechnologyEquity3.9%
HDFC Bank Ltd.FinancialEquity3.4%
Bharti Airtel Ltd.CommunicationEquity2.6%
Kotak Mahindra Bank Ltd.FinancialEquity2.5%
Axis Bank Ltd.FinancialEquity2.1%
Tata Consultancy Services Ltd.TechnologyEquity2.1%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

3Y annualised returns higher than category average by 3.25%
Higher alpha: 1.93 The fund has generated returns higher than benchmark - NIFTY 50 Hybrid Composite debt 50:50 Index - in the last 3Y
Lower expense ratio: 0.83%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

1Y annualised returns lower than category average by 16.74%

Expense ratio, exit load and tax

Expense ratio: 0.64%

Inclusive of GST

Exit load

1% exit load if redeemed within 15 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Vinay Paharia
Jun 2018 - Present
View details

Education
Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
Experience
Prior to joining Union Mutual Fund he was associated with Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
Also manages these schemes

Hardick Bora
Jun 2018 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
Website
NA
Amc Image
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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FAQs

How to Invest in Union Balanced Advantage Fund Direct Growth?

You can easily invest in Union Balanced Advantage Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Union Balanced Advantage Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Union Balanced Advantage Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Balanced Advantage Fund Direct Growth provide?

The Union Balanced Advantage Fund Direct Growth has been there from 29 Dec 2017 and the average annual returns provided by this fund is 4.46% since its inception.

How much expense ratio is charged by Union Balanced Advantage Fund Direct Growth?

The term Expense Ratio used for Union Balanced Advantage Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Union Balanced Advantage Fund Direct Growth is 0.64% as of 19 May 2022...

What is the AUM of Union Balanced Advantage Fund Direct Growth?

The AUM, short for Assets Under Management of Union Balanced Advantage Fund Direct Growth is ₹1,831.85Cr as of 19 May 2022.

How to Redeem Union Balanced Advantage Fund Direct Growth?

If you want to sell your Union Balanced Advantage Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Balanced Advantage Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Balanced Advantage Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Balanced Advantage Fund Direct Growth?

The NAV of Union Balanced Advantage Fund Direct Growth is ₹15.00 as of 18 May 2022.

What is the PE and PB ratio of Union Balanced Advantage Fund Direct Growth?

The PE ratio ratio of Union Balanced Advantage Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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