Union Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 17.1900
NAV IDCW: Rs 17.1900
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Hardick Bora
Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience: He has been with Union KBC Mutual Fund since Sep10, 2014 to Oct 24, 2016 as Research Analyst. Nov 2012 to Sep 2014 with Motilal Oswal Securities Ltd. as Sr. Manager – Institutional Research, Oct 2011 to Nov 2012 with Dolat Capital Markets Pvt Ltd. as Research Associate, Feb 2011 to Oct with Khandwala Securities Ltd. as Research Associate, Jul 2010 to Nov 2010 with Yen Management Consultants Pvt. Ltd. as Consultant, Jan 2008 to Jan 2010 with Yen Management Consultants Pvt. Ltd. as Assistant Manager and Apr 2006 to Jul 2006 with 3 Global Services Pvt. Ltd. as Customer Care Advisor.
2) Parijat Agrawal
Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.
Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
3) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: Research Analyst – Equity – Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst – Equity – LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President – Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst – Autonomous Research LLP (August 2009 to January 2010).
Investment Details
Min. Investment (Rs) | 1,000 |
Min. Addl Investment (Rs) | 1,000 |
Min. SIP Investment (Rs) | 1,000 |
Min. Withdrawal (Rs) | 1,000 |
Min. No of Cheques | 6 |
Min. Balance (Rs) | 1 |
Lock-in Period | NA |
Exit Load | 1% for redemption within 15 days |
Basic Details of Union Balanced Advantage Fund
Fund House | Union Mutual Fund |
Launch Date | 29-Dec-17 |
Return Since Launch | 10.27% |
Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
Riskometer | Moderately High |
Type | Open-ended |
Assets | Rs 1,655 Cr |
(As on 30-Jun-2023) | |
Expense | 0.79% |
(As on 31-May-2023) | |
Risk Grade | Below Average |
Return Grade | Above Average |
Turnover | — |
Union Balanced Advantage Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
Union Balanced Advtg Dir | 6.84 | 0.41 | 2.20 | 6.05 | 6.84 | 14.45 | 13.88 | 11.06 | — | — |
VR Balanced TRI | 8.15 | 0.70 | 3.88 | 9.23 | 8.87 | 21.87 | 20.91 | 12.45 | — | — |
Hybrid: Dynamic Asset Allocation | 8.23 | 0.47 | 2.94 | 8.04 | 8.34 | 17.19 | 15.55 | 10.38 | — | — |
Rank within category | 24 | 23 | 25 | 29 | 27 | 22 | 14 | 7 | — | — |
Number of funds in category | 30 | 32 | 32 | 32 | 30 | 28 | 23 | 17 | 12 | 6 |
Union Balanced Advantage Fund Peer Comparison
Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
Union Balanced Advtg Dir | 4 star | 14.45 | 13.88 | 11.06 | 0.79 | 1,655 | 10.27 | 1.00 (15) | 5Y 6M | 530.00 |
HDFC Balanced Advtg Dir | 4 star | 26.43 | 28.65 | 15.53 | 0.86 | 57,779 | 14.80 | 1.00 (365) | 10Y 6M | 15.19 |
ICICI Pru Balanced Advtg Dir | 5 star | 14.38 | 16.65 | 11.57 | 0.95 | 47,662 | 12.79 | 1.00 (365) | 10Y 6M | 20.00 |
Kotak Balanced Advtg Dir | 4 star | 16.66 | 14.73 | — | 0.49 | 14,887 | 11.47 | 1.00 (365) | 4Y 11M | 289.13 |
Edelweiss Balanced Advtg Dir | 4 star | 18.16 | 17.87 | 12.96 | 0.49 | 9,247 | 12.57 | 1.00 (90) | 10Y 6M | 76.00 |
Portfolio Analysis of Union Balanced Advantage Fund
No. of Stocks | 63 |
Top 10 Holdings | 33.68% |
Top 5 Stocks | 22.09% |
Top 3 Sectors | 26.11% |
Portfolio P/B Ratio | 3.52 |
Portfolio P/E Ratio | 25.48 |
Avg Credit Rating | AAA |
Portfolio Breakup
Fund | Category | |
Average Mkt Cap (Rs Cr) | 2,91,219 | 1,96,802 |
Giant (%) | 73.80 | 60.34 |
Large (%) | 19.80 | 18.57 |
Mid (%) | 6.40 | 15.89 |
Small (%) | — | 6.16 |
Tiny (%) | — | 0.03 |
Fund | Category | |
Number of Securities | 123 | 107 |
Modified Duration (yrs) | 1.65 | 2.25 |
Average Maturity (yrs) | 2.01 | 3.17 |
Yield to Maturity (%) | 7.20 | 7.30 |
Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Balanced Advantage Fund
Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.
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