3 Year return

10.93%
Launched on December 2017 (7 years)

Investment Details

₹100

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

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Your principal will be at

High Risk

Scheme Information

Asset Under Management

₹1594.75 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.

Ratings

ARQ Rating
4

Ratings by other agencies

3
0
4

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

Holdings

Union Mutual Fund Managers

PA

Parijat Agrawal

Fund Manager since Jul 2022

View Details

Fund House Details

Union Mutual Fund

Union Mutual Fund Asset management company

AUM ₹14,674.66 Cr.
No. of Schemes 73
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Union Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

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 13.02%
Expense Ratio 0.92%
Fund Manager Parijat Agrawal
Fund Size ₹1594.75 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
Email 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?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Union Balanced Advantage Fund Jun 12 2024 is 20.17

What is the AUM of Union Balanced Advantage Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Union Balanced Advantage Fund is 1594.75 crore.

What is the expense ratio of Union Balanced Advantage Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Union Balanced Advantage Fund is 0.92%

What are the returns of Union Balanced Advantage Fund since inception?

The Union Balanced Advantage Fund was launched on Dec 07 2017. The fund has delivered a CAGR of 11.41 since inception.

What is the minimum SIP amount to invest in Union Balanced Advantage Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Union Balanced Advantage Fund is 100.

How do I invest in Union Balanced Advantage Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Union Balanced Advantage Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Union Balanced Advantage Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Union Balanced Advantage Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.