Fund Details
Union Balanced Advantage Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 1.76% |
| NAV | ₹14.25 (20 Jan 2021) |
|---|---|
| Fund Started | 29 Dec 2017 |
| Fund Size | ₹605 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
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. Higher expense ratio - 1.8%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.6% |
| Infosys Ltd. | Technology | Equity | 5.6% |
| Reliance Industries Ltd. | Energy | Equity | 5.2% |
| National Thermal Power Corp. Ltd. | Energy | Debenture | 4.5% |
| State Bank of India | Financial | Debenture | 4.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.3% |
| ICICI Bank Ltd. | Financial | Equity | 3.6% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 2.8% |
| National Highways Authority of India Ltd. | Services | Debenture | 2.8% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 2.8% |
Fund Managers
Union Balanced Advantage Fund Direct Growth Details
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 ₹605 Cr and the Latest NAV as of 20 Jan 2021 is ₹14.25.
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.
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.
