3 Year return
11.06%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
High Risk
Asset Under Management
₹1601.68 Cr.
Expense Ratio
0.92% (inclusive of GST)
Exit Load
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.
Tax Implications
Withdrawal within 1 year
Exit load + 15% tax on gains
Withdrawal after 1 year
10% tax on gains over ₹1 Lakh per financial year
Fund Holdings
Union Mutual Fund Managers
PA
Parijat Agrawal
Fund Manager since Jul 2022
Fund House Details
Union Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
HDFC Balanced Advantage Fund IDCW Plan Direct Plan Payout |
23.98% |
4 |
Baroda BNP Paribas Balanced Advantage Fund Direct Plan IDCW Payout |
15.79% |
3 |
Edelweiss Balanced Advantage Fund Direct Plan Quarterly IDCW Payout |
14.7% |
5 |
Schemes by Union Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Union Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Union Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Union Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Union Arbitrage Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
Union Arbitrage Fund Direct Plan Growth
About Union Balanced Advantage Fund Direct-Growth
The Union Balanced Advantage Fund Direct-Growth represents a Dynamic Asset Allocation mutual fund initiative by Union Mutual Fund. For stock selection, it leans towards a blend of growth-driven stocks and those that offer value at a bargain. In terms of capitalisation, it doesn't bind itself to any single category, instead ensuring a judicious mix of large, mid, and small-cap stocks, aiming to tap into the potential of each segment. With its objective aimed at both growth and security, the fund seeks opportunities across the spectrum, from the stability of large-cap stocks to the growth potential inherent in small and mid-caps.
Investment Objectives of the Scheme
At the heart of the Union Balanced Advantage Fund is a dual goal: to achieve long-term capital appreciation and concurrently generate income. To bring this vision to fruition, the fund actively manages an equity portfolio, utilising long equities, and equity derivatives, and capitalising on arbitrage opportunities when they arise. This multi-pronged approach is designed to capture growth while also securing periodic income.
Key Features of The Fund
5-year return | 12.92% |
Expense Ratio | 0.92% |
Fund Manager | Parijat Agrawal |
Fund Size | ₹1601.68 Cr |
Risk Profile | High |
Is This Scheme Right for Me?
The Union Balanced Advantage Fund could be an appealing choice for a broad range of investors, particularly those with a conservative outlook desiring a more stable equity exposure. If you're considering this investment route, it is better if you hold it mid to long-term. However, while its balanced approach might appeal to the risk-averse, it's worth noting that the scheme's risk level is categorised as very high. Potential investors should weigh this when making their investment decisions.
AMC Contact Details
Name | Union Mutual Fund |
Launch Date | 23rd March 2011 |
Addresss | Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059 |
Contact | (022) 6748 3300 |
investorcare@unionmf.com | |
Website | https://www.unionmf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Union Balanced Advantage Fund?
What is the AUM of Union Balanced Advantage Fund?
What is the expense ratio of Union Balanced Advantage Fund?
What are the returns of Union Balanced Advantage Fund since inception?
What is the minimum SIP amount to invest in Union Balanced Advantage Fund?
How do I invest in Union Balanced Advantage Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Union Balanced Advantage Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Union Balanced Advantage Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Union Balanced Advantage Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.