|Min SIP Amount||₹2000|
|NAV||₹14.36 (22 Jun 2021)|
|Fund Started||29 Dec 2017|
|Fund Size||₹964 Cr|
|HDFC Bank Ltd.||Financial||Equity||4.5%|
|ICICI Bank Ltd.||Financial||Equity||3.3%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||3.3%|
|Reliance Industries Ltd.||Energy||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%|
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.
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.