August 22, 2024
mayank
Union Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 21.0700
NAV IDCW: Rs 21.0700
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: Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services Pvt. Ltd.
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:Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| 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 | 11.86% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,572 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.91% |
| (As on 31-Jul-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 581.00% |
Trailing Returns (%) of Union Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Balanced Advantage Dir | 11.96 | 0.10 | 1.30 | 6.09 | 9.28 | 22.22 | 11.90 | 14.41 | — | — |
| VR Balanced TRI | 14.16 | 0.26 | 1.18 | 9.77 | 12.25 | 26.83 | 14.81 | 17.27 | — | — |
| Hybrid: Dynamic Asset Allocation | 15.28 | 0.25 | 2.00 | 7.34 | 11.64 | 27.24 | 14.60 | 15.49 | — | — |
| Rank within category | 32 | 31 | 32 | 28 | 31 | 29 | 21 | 15 | — | — |
| Number of funds in category | 34 | 38 | 37 | 37 | 35 | 33 | 24 | 21 | 14 | 9 |
Peer Comparison of Union Balanced Advantage Fund
| 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 Advantage Dir | 3 star | 22.22 | 11.90 | 14.41 | 0.91 | 1,572 | 11.86 | 1.00 (15) | 6Y 7M | 581.00 |
| HDFC Balanced Advantage Dir | 5 star | 38.59 | 26.21 | 22.90 | 0.73 | 94,048 | 16.86 | 1.00 (365) | 11Y 7M | 21.15 |
| ICICI Pru Balanced Advantage Dir | 4 star | 23.93 | 14.80 | 15.50 | 0.85 | 60,135 | 13.68 | 1.00 (365) | 11Y 7M | 34.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 27.85 | 14.80 | 18.40 | 0.50 | 12,117 | 13.73 | 1.00 (90) | 11Y 7M | 79.00 |
| Tata Balanced Advantage Dir | 4 star | 22.82 | 14.48 | 16.38 | 0.35 | 10,051 | 15.24 | 1.00 (90) | 5Y 6M | 38.74 |
Portfolio Analysis of Union Balanced Advantage Fund
| No. of Stocks | 85 |
| Top 10 Holdings | 40.70% |
| Top 5 Stocks | 27.53% |
| Top 3 Sectors | 36.65% |
| Portfolio P/B Ratio | 4.12 |
| Portfolio P/E Ratio | 27.12 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,66,226 | 2,43,401 |
| Giant (%) | 61.33 | 58.90 |
| Large (%) | 25.31 | 20.72 |
| Mid (%) | 9.59 | 15.83 |
| Small (%) | 3.77 | 4.82 |
| Tiny (%) | — | 0.02 |
| Fund | Category | |
| Number of Securities | 122 | 117 |
| Macaulay Duration (yrs) | 2.25 | 3.43 |
| Average Maturity (yrs) | 3.02 | 5.40 |
| Yield to Maturity (%) | 6.83 | 7.18 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Balanced Advantage Fund
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