Union Balanced Advantage Fund
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.
Growthvine rating: 1/5 — ranked #30 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹19.92 (as of 2026-10-01) |
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| AUM | ₹1,238 Cr |
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| Expense ratio | 1.86% |
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| Riskometer | Very High |
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| Fund manager | Sanjay Bembalkar |
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| Exit load | 1% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 5.92% |
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| Sharpe ratio | 0.3 |
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| Standard deviation | 8.81% |
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| Max drawdown | −23.77% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 94.1% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 89.5% of its downside.
Market cap allocation
| Large cap | 56.8% |
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| Mid cap | 18.6% |
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| Small cap | 24.6% |
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Concentration
| Top 5 holdings | 16.2% |
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| Top 10 holdings | 24.8% |
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| Total holdings | 80 |
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Top holdings
- TREPS — 4.5%
- HDFC Bank Ltd. — 4.5%
- ICICI Bank Ltd. — 4.0%
- Reliance Industries Ltd — 2.9%
- Bharti Airtel Ltd. — 2.8%
- State Bank Of India — 2.1%
- National Bank for Agriculture and Rural Development — 2.0%
- Indian Railway Finance Corporation Ltd. — 2.0%
- Small Industries Development Bank of India — 2.0%
- AXIS Bank Ltd. — 2.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −3.7% | Q3 | #19 of 35 |
| 2025 | 5.8% | Q3 | #18 of 34 |
| 2024 | 10.0% | Q4 (Bottom) | #26 of 30 |
| 2023 | 15.5% | Q4 (Bottom) | #22 of 26 |
| 2022 | 2.5% | Q3 | #13 of 21 |