Fund Details
Union Balanced Advantage Fund Regular IDCW
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 2.32% |
| NAV | ₹14.36 (22 Jun 2021) |
|---|---|
| Fund Started | 29 Dec 2017 |
| Fund Size | ₹964 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Higher expense ratio - 2.35%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 4.5% |
| GOI | Sovereign | GOI Sec | 3.6% |
| ICICI Bank Ltd. | Financial | Equity | 3.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.3% |
| Reliance Industries Ltd. | Energy | Equity | 3.2% |
| Infosys Ltd. | Technology | Equity | 3.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.9% |
| National Thermal Power Corp. Ltd. | Energy | Debenture | 2.6% |
| State Bank of India | Financial | 2.5% | |
| Tata Steel Ltd. | Metals | Equity | 2.3% |
Fund Managers
Union Balanced Advantage Fund Regular IDCW Details
Union Balanced Advantage Fund Regular IDCW 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 Regular IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹964 Cr and the Latest NAV as of 22 Jun 2021 is ₹14.36.
The Union Balanced Advantage Fund Regular IDCW is rated Moderate 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.
