Fund Details
Union Balanced Advantage Fund Regular Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹2000 |
| Expense Ratio | 2.57% |
| NAV | ₹13.18 (26 Nov 2020) |
|---|---|
| Fund Started | 29 Dec 2017 |
| Fund Size | ₹509 Cr |
Returns
as per Historical 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. Risk is higher compared to the benchmark
5. Higher expense ratio
6. 1Y Returns are lower than the benchmark
7. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
8. Age is less than 3 years
9. Higher expense ratio - 2.57%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.9% |
| Infosys Ltd. | Technology | Equity | 6.8% |
| 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% |
Fund Managers
Union Balanced Advantage Fund Regular Dividend Details
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.
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.
