HybridDynamic Asset Allocation or Balanced AdvantageRegularGrowthHigh

Union Balanced Advantage Fund

Q: What is the NAV of Union Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Union Balanced Advantage Fund is ₹19.92 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Balanced Advantage Fund delivered?

Union Balanced Advantage Fund has returned -1.48% over 1 year, +6.34% per year over 3 years, +5.92% per year over 5 years and +8.18% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Union Balanced Advantage Fund?

Union Balanced Advantage Fund charges an expense ratio of 2.54% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Balanced Advantage Fund?

Union Balanced Advantage Fund's largest holdings are HDFC Bank Ltd. (4.5%), ICICI Bank Ltd. (4.0%), Reliance Industries Ltd. (2.9%), Bharti Airtel Ltd. (2.8%) and State Bank of India (2.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Balanced Advantage Fund?

Union Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.6% and its worst peak-to-trough fall in our sample was -23.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Balanced Advantage Fund's -0.02 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Union Balanced Advantage Fund?

Union Balanced Advantage Fund is benchmarked against the As per AMFI Tier I benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)**. Its alpha and beta on this page are measured against that index.

Q: Who manages Union Balanced Advantage Fund?

Union Balanced Advantage Fund is managed by Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal and Vishal Thakker at Union.

Q: How is Union Balanced Advantage Fund taxed?

Union Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Union Mutual Fund · Best Balanced Advantage Mutual Funds

NAV

₹19.92

-0.50% 1D

as of 01 Oct 2026

This is the Regular plan of Union Balanced Advantage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-0.94%CAGR

52-week rangePrev NAV ₹20.02

Latest ₹19.92

Low ₹18.9651st percentile of its 52-week rangeHigh ₹20.85

Scorecard

★★★☆☆3/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.34% · ranks 22 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskModerate

Volatility 8.6% vs 8.4% category avg

CostHigh

2.5% expense vs 2.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (-1.48%) trails the Dynamic Asset Allocation or Balanced Advantage average (-0.82%)
3-year return (+6.34%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.32%)
5-year return (+5.92%) trails the Dynamic Asset Allocation or Balanced Advantage average (+7.22%)
Weaker risk-adjusted returns — Sharpe -0.02 below the Dynamic Asset Allocation or Balanced Advantage average of 0.10
High expense ratio (2.54%) vs the Dynamic Asset Allocation or Balanced Advantage average of 2.29%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.54%

Category 2.29%▲0.25%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

26.25

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.02

Category 0.10▼0.12

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

As per AMFI Tier I benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)**

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

05 Jan 2018

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.67%

Absolute return over the last 3 months (not annualized)

-2.64%

Absolute return over the last 6 months (not annualized)

+3.91%

Absolute return since 1 Jan of this year (not annualized)

-3.67%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.48%

3-year annualized return (CAGR)

+6.34%

5-year annualized return (CAGR)

+5.92%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.18%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.58%

Excess return per unit of total volatility (rf = 6.5%)

-0.02

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.03

Largest peak-to-trough decline over full history

-23.77%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

0.02%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.62

How much of the fund's movement Nifty 50 TRI explains

90.6%

Excess return per unit of beta (market risk)

0.05

Active return over the benchmark per unit of tracking error

0.06

Annualized std dev of fund-minus-benchmark returns

6.12%

Fund's share of benchmark gains in up months (100 = matches index)

66.2%

Fund's share of benchmark losses in down months (lower is better)

51.9%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-3.67%	-3.65%	-0.02%
3M abs	-2.64%	-2.32%	-0.32%
6M abs	+3.91%	+4.00%	-0.09%
1Y CAGR	-1.48%	-0.82%	-0.66%
3Y CAGR	+6.34%	+7.32%	-0.98%
5Y CAGR	+5.92%	+7.22%	-1.30%

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

-1.48%

Beats 37.1% · rank #23

3Y return

+6.34%

Beats 27.6% · rank #22

5Y return

+5.92%

Beats 26.3% · rank #15

Sharpe

-0.02

Beats 27.6% · rank #22

Sortino

-0.03

Beats 27.6% · rank #22

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.82L

Absolute

+13.63%

XIRR

+5.22%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Union Balanced Advantage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-3.68%	-12.85%	+9.17%
2025	+5.78%	+11.97%	-6.19%
2024	+10.02%	+10.16%	-0.14%
2023	+15.54%	+21.69%	-6.15%
2022	+2.53%	+5.68%	-3.15%
2021	+9.41%	+25.49%	-16.08%
2020	+21.98%	+16.57%	+5.41%
2019	+9.98%	+13.43%	-3.45%
2018part	+2.00%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

2,150

Expense ratio

2.54%

AUM

₹1,231Cr

Portfolio turnover

168%

Exit load

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

26.3

P/B ratio

4.9

Avg market cap

₹3,72,211Cr

P/E & P/B are portfolio-weighted harmonic means across 69 of 79 equity holdings (67% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Dynamic Asset Allocation or Balanced Advantage

Compare all


Union Balanced Advantage FundThis fund Union · Regular · Growth	★★★☆☆	-1.48%	+6.34%	+5.92%	—	2.54%	₹1,231Cr
quant Dynamic Asset Allocation Fund quant · Regular · Growth	★★★☆☆	-3.55%	+10.47%	—	—	3.00%	₹902.64Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+3.30%	+9.63%	+8.41%	—	1.95%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Regular · Growth	★★★★☆	+1.91%	+9.48%	+8.94%	—	2.04%	₹4,798Cr
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Regular · Growth	★★★★★	+1.00%	+9.48%	+9.34%	—	1.56%	₹70,787Cr
Axis Balanced Advantage Fund Axis · Regular · Growth	★★★★☆	-0.57%	+9.44%	+7.78%	—	2.15%	₹3,759Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap57.7%
Mid cap21.8%
Small cap20.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity74.35%
Debt21.10%
Cash & Equivalents4.55%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

HDFC Bank Ltd.

4.46%

ICICI Bank Ltd.

4.01%

Reliance Industries Ltd.

2.86%

Bharti Airtel Ltd.

2.79%

State Bank of India

2.08%

National Bank for Agriculture and Rural Development

2.01%

Indian Railway Finance Corporation Ltd.

2.00%

Axis Bank Ltd.

1.99%

Small Industries Development Bank of India

1.99%

Power Grid Corporation of India Ltd.

1.96%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Union Multi Asset Allocation Fund Union · Multi Asset Allocation	80.3% of 68% equity	★★★☆☆	1.29%	—
Union Aggressive Hybrid Fund Union · Aggressive Hybrid Fund	76.3% of 72% equity	★★☆☆☆	1.59%	+9.71%
Union Flexi Cap Fund Union · Flexi Cap Fund	65.2%	★★☆☆☆	1.50%	+10.07%
Union ELSS Tax Saver Fund Fund Union · ELSS	62.3%	★☆☆☆☆	1.71%	+9.29%
Union Equity Savings Fund Union · Equity Savings	62.0% of 68% equity	★☆☆☆☆	2.11%	+6.50%
Union Children's Fund Union · Children’s Fund	53.4%	★★☆☆☆	1.45%	—
Union Large & Midcap Fund Union · Large & Mid Cap Fund	53.1%	★★★☆☆	1.31%	+11.90%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	52.7%	★★★☆☆	0.69%	+10.26%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-23.8%17 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 02 Jul 2020 — 3 months under water after the low.
-9.2%23 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 26 Jun 2025 — 4 months under water after the low.
-9.1%18 Feb 2026 → 30 Mar 2026
Fell over 40 days, back to the old high on 05 Aug 2026 — 4 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,231Cr

April - June 2026

-5%

since January - March 2026

−₹10.20Cr

est. net flow, last quarter

At or near its largest, ₹1,290Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

SBSanjay BembalkarManaging since 25 Jan 2023

Role

Co-Head-Equity

Education

CFA® charterholder with the CFA Institute, USA, Chartered Accountant, M.Sc. (Accounting and Finance), B.Com.

Experience

Industry experience: Over 17 years of experience in the field Innovation of Equity Research and Fund Management. Appointed as Fund Manager (Equity) at Union Asset Management Company Private Limited with effect from June 07, 2021. October 2019 to May 2021 with Canara Robeco Asset Management Company Limited as Fund Manager Equities. December 2017 to October 2019 with Canara Robeco Asset Management Company Limited as Research Analyst – Equity. August 2015 to December 2017 with LIC Mutual Fund Asset Management Ltd. as Research Analyst – Equity. • April 2010 to August 2015 with Quantum Advisors Pvt. Ltd. as Assistant Vice President (Equity Research). •

Funds managed (16)

All schemes Sanjay Bembalkar runs →

GCGaurav ChopraManaging since 01 Nov 2024

Role

Co - Fund Manager

Education

B.Com, Chartered Accountant and CFA (USA) – Level III Appointed cleared

Experience

Over 10 years of experience in the equity markets. Appointed as Co-Fund Manager with effect from January 25, 2023. June 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd as Research Analyst - Equity. November 2015 to May 2020 with Centrum Portfolio Union Management Services Centrum Broking Limited as Research Analyst. March 2015 to October 2015 with Barclays Wealth Trustees (India) Private Limited as Trust Analysts. September 2011 to September 2014 with Sharp & Tanan Associates as Audit Assurance Assistant.

Funds managed (8)

All schemes Gaurav Chopra runs →

PAParijat AgrawalStart date not disclosed

Role

Head - Fixed Income

Education

Bachelor of Engineering (Electronics & Communications), PGDM (IIM Bangalore)

Experience

Industry Experience: Over 29 years of experience in Funds Management. September 2010 till date with Union Dynamic Bond - Union Asset Management Company Private Limited as Head - Fixed Income with overall responsibilities of Portfolio Fund, Management of Fixed Income and Hybrid Funds. October 2006 till July 2010 with SBI Mutual Fund as Head Fixed Income with responsibilities of Portfolio Management of Fixed Income and Hybrid Funds. November 2004 till September 2006 with State Bank of Mauritius Limited with responsibilities of managing the entire Treasury functions of the Bank. December 1999 till May 2004 with SUN F&C Asset Management as Fund Manager responsible for Portfolio Management of Fixed Income and Hybrid Funds.

Funds managed (8)

All schemes Parijat Agrawal runs →

VTVishal ThakkerManaging since 01 Oct 2025

Role

Dealer - Equity

Education

Master Finance Management

Experience

Mr. Thakker is appointed as a Co-Fund Manager of this Advantage Scheme. Prior to his appointment as a Co-Fund Manager, he has been associated with Union Asset Management Company Private Limited as Dealer - Equity since March 2017. Prior to this, he was associated with Elara Capital as Sales Trader from February 2010 till February 2017. He has also been associated with Emkay Shares & Stock Broking as a Dealer from June 2009 - February 2010. He has over 14 years of experience in equity derivative dealing functions.

Funds managed (2)

All schemes Vishal Thakker runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sanjay Bembalkar Gaurav Chopra Parijat Agrawal Vishal Thakker

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.Bharti Airtel Ltd.State Bank of India Axis Bank Ltd.Gabriel India Ltd.Bajaj Finance Ltd.Larsen & Toubro Ltd.Shriram Finance Ltd.Infosys Ltd.Eternal Ltd.

Union in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of Union Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of Union Balanced Advantage Fund is ₹19.92 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Balanced Advantage Fund delivered?

Union Balanced Advantage Fund has returned -1.48% over 1 year, +6.34% per year over 3 years, +5.92% per year over 5 years and +8.18% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Union Balanced Advantage Fund?

Union Balanced Advantage Fund charges an expense ratio of 2.54% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Union Balanced Advantage Fund?

Union Balanced Advantage Fund's largest holdings are HDFC Bank Ltd. (4.5%), ICICI Bank Ltd. (4.0%), Reliance Industries Ltd. (2.9%), Bharti Airtel Ltd. (2.8%) and State Bank of India (2.1%). Holdings are disclosed monthly and change over time.

How risky is Union Balanced Advantage Fund?

Union Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.6% and its worst peak-to-trough fall in our sample was -23.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.02 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Balanced Advantage Fund's -0.02 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Union Balanced Advantage Fund?

Union Balanced Advantage Fund is benchmarked against the As per AMFI Tier I benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)**. Its alpha and beta on this page are measured against that index.

Who manages Union Balanced Advantage Fund?

Union Balanced Advantage Fund is managed by Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal and Vishal Thakker at Union.

How is Union Balanced Advantage Fund taxed?

Union Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.