|Min SIP Amount||₹2000|
|NAV||₹14.25 (20 Jan 2021)|
|Fund Started||29 Dec 2017|
|Fund Size||₹605 Cr|
|HDFC Bank Ltd.||Financial||Equity||7.6%|
|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%|
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.
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.