Union Balanced Advantage Fund - Regular Plan - Growth Option
(Erstwhile Union Prudence Fund)
Fund House: Union Mutual Fund| Category: Hybrid: Dynamic Asset Allocation |
| Launch Date: 21-12-2017 |
| Asset Class: Mixed Asset |
| Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index |
| Expense Ratio: 2.09% As on (31-12-2022) |
| Status: Open Ended Schemes |
| Minimum Investment: 1000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 1,742.49 Cr As on (31-12-2022) |
| Turn over: - | Exit Load: 1% for redemption within 15 days |
15.37
0.06 (0.3904%)
8.78%
NIFTY 50 TRI 11.44%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
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.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 12.89 |
| Sharpe Ratio | 0.59 |
| Alpha | 0.36 |
| Beta | 0.65 |
| Yield to Maturity | 6.78 |
| Average Maturity | 1.08 |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| Union Balanced Advantage Fund - Regular Plan - Growth Option | 21-12-2017 | 2.95 | 4.85 | 11.53 | 9.28 | - |
| BANK OF INDIA BALANCED ADVANTAGE FUND REGULAR PLAN GROWTH | 14-03-2014 | 13.32 | 9.16 | 9.3 | 4.77 | - |
| HDFC Balanced Advantage Fund - Growth Plan | 15-09-2000 | 12.36 | 17.82 | 18.69 | 11.18 | 12.88 |
| ICICI Prudential Balanced Advantage Fund - Growth | 01-12-2006 | 6.33 | 9.6 | 11.77 | 9.72 | 11.79 |
| SBI Balanced Advantage Fund - Regular Plan - Growth | 05-08-2021 | 5.61 | - | - | - | - |
| Kotak Balanced Advantage Fund -Regular Plan - Growth Option | 05-07-2018 | 4.64 | 7.82 | 10.42 | - | - |
| LIC MF Balanced Advantage Fund-Regular Plan-Growth | 12-11-2021 | 4.32 | - | - | - | - |
| Tata Balanced Advantage Fund-Regular Plan-Growth | 05-01-2019 | 4.24 | 8.71 | 12.43 | - | - |
| Nippon India Balanced Advantage Fund-Growth Plan-Growth Option | 05-11-2004 | 3.97 | 8.76 | 10.5 | 7.72 | 10.96 |
| Baroda BNP Paribas Balanced Advantage Fund-Regular Plan -Growth Option | 04-11-2018 | 3.7 | 8.28 | 14.44 | - | - |
Scheme Characteristics
Investment in equity/ debt that is managed dynamically.
Riskometer
PORTFOLIO
Market Cap Distribution
Others
35.02%
Large Cap
62.83%
Mid Cap
2.15%
Scheme Documents
There are no scheme documents available
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
