|Min SIP Amount||₹2000|
|NAV||₹13.18 (26 Nov 2020)|
|Fund Started||29 Dec 2017|
|Fund Size||₹509 Cr|
|HDFC Bank Ltd.||Financial||Equity||7.9%|
|Reliance Industries Ltd.||Energy||Equity||6.5%|
|State Bank of India||Financial||Debenture||4.9%|
|National Thermal Power Corp. Ltd.||Energy||Debenture||4.9%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||4.6%|
|ICICI Bank Ltd.||Financial||Equity||3.7%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.5%|
|National Highways Authority of India Ltd.||Services||Debenture||3.1%|
|Indian Railway Finance Corpn. Ltd.||Financial||Debenture||3.1%|
Union Balanced Advantage Fund Regular Dividend 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 Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹509 Cr and the Latest NAV as of 26 Nov 2020 is ₹13.18.
The Union Balanced Advantage Fund Regular Dividend 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.