GMP IPO Watch
Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage
Union Balanced Advantage Fund
Regular Plan · Growth Option · Union Mutual Fund
Risk: Very High Risk
★★★★★
Morningstar
52W Low ₹18.96 30 Mar 2026
52W High ₹20.85 18 Feb 2026
₹20.4400
NAV as of 4 Nov 2026
+0.94% day change
Other Plans of This Fund
ISININF582M01DI0
Scheme Code142035
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹1,135.84 Cr
Expense Ratio (as of 4 Nov 2026)2.51%
Min. InvestmentRs 1,000 and in multiples of Rs.1 thereafter.
Inception Date7 Dec 2017
BenchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) #
#Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Formerly Indian Index Services & Products Limited) (IISL). NSE Indices Limited does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in the “the Product” linked to NIFTY 50 Hybrid Composite Debt 50:50 Index or particularly in the ability of the NIFTY 50 Hybrid Composite Debt 50:50 Index, to track general stock market performance in India. Please read the full Disclaimer in relation to the NIFTY 50 Hybrid Composite Debt 50:50 Index in the Scheme Information Document.
Portfolio Turnover111.33%
NFO Period07-Dec-2017 – 21-Dec-2017
Returns
1Y
-1.02%
3Y
+7.52%
5Y
+6.23%
7Y
+9.03%
Since Inception
+8.41%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.65% | +3.13% | 8 of 37 |
| 1M | +2.61% | +2.43% | 16 of 36 |
| 3M | -1.64% | -2.01% | 13 of 36 |
| 6M | +1.79% | +1.12% | 14 of 36 |
| YTD | -1.30% | -2.04% | 17 of 37 |
| 1Y | -1.02% | -1.75% | 16 of 35 |
| 2Y | +2.59% | +0.87% | 15 of 34 |
| 3Y | +7.52% | +6.80% | 15 of 29 |
| 5Y | +6.23% | +5.92% | 13 of 20 |
| 7Y | +9.03% | +8.11% | 9 of 16 |
| INCEPTION | +8.41% | — | — |
Ranked among: Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +2.32% | +30.02% | -23.36% | 72% | 29% |
| 6M | +4.58% | +37.07% | -20.77% | 80% | 33% |
| 1Y | +9.77% | +61.20% | -17.52% | 93% | 39% |
| 2Y | +10.23% | +30.91% | -5.66% | 98% | 42% |
| 3Y | +10.82% | +20.57% | +5.82% | 100% | 44% |
| 5Y | +10.34% | +16.88% | +5.15% | 100% | 44% |
| 7Y | +9.97% | +11.17% | +8.46% | 100% | 44% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity74.26%
- Debt22.13%
- Cash3.61%
- Other0.00%
Market Cap Split
- Large Cap41.81%
- Mid Cap13.07%
- Small Cap19.38%
- Others25.74%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 24.62 | 23.35 |
| P/B | 3.61 | 3.19 |
| Price / Sales | 4.05 | 3.06 |
| Price / Cash Flow | 21.03 | 16.87 |
| Dividend Yield (%) | 0.93 | 1.49 |
Holdings95
Top 5 Stocks16.44%
Top 10 Stocks25.25%
Top 3 Sectors26.67%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HDFC Bank | Banks | 4.78% | +0.32% |
| ICICI Bank | Banks | 3.90% | -0.11% |
| TREPS | Reverse Repo / TREPS | 3.83% | — |
| Bharti Airtel | Telecom - Services | 2.89% | +0.10% |
| Reliance Industries | Petroleum Products | 2.85% | -0.01% |
| National Bank for Agriculture and Rural Development** | Debt | 2.15% | +0.14% |
| Small Industries Development Bank of India** | Debt | 2.12% | +0.13% |
| Indian Railway Finance Corporation Ltd.** | Debt | 2.12% | +0.12% |
| Punjab National Bank** | Money Market | 2.10% | +0.15% |
| Power Grid Corporation of India Ltd.** | Debt | 2.08% | +0.12% |
| State Bank of India | Banks | 2.02% | -0.06% |
| Axis Bank | Banks | 2.01% | +0.02% |
| Eternal | Retailing | 1.87% | +0.50% |
| Gabriel | Auto Components | 1.80% | +0.00% |
| Bajaj Finance | Finance | 1.71% | -0.05% |
View all 100 holdings
| Indian Railway Finance Corporation Ltd.** | Debt | 1.71% | +0.09% |
| Canara Bank** | Money Market | 1.43% | +0.11% |
| Shriram Finance | Finance | 1.42% | -0.08% |
| Dhoot Transmission | Auto Components | 1.42% | +0.69% |
| Engineers India | Construction | 1.34% | +0.28% |
| Infosys | IT - Software | 1.30% | -0.09% |
| Clean Max Enviro Energy Solutions | Power | 1.30% | +0.16% |
| National Bank for Agriculture and Rural Development** | Debt | 1.29% | +0.08% |
| Kotak Bank | Banks | 1.28% | +0.08% |
| National Bank for Agriculture and Rural Development** | Debt | 1.28% | +0.08% |
| Power Grid Corporation of India Ltd.** | Debt | 1.26% | +0.06% |
| RBL Bank | Banks | 1.25% | +0.15% |
| Dr. Lal Path Labs | Equity | 1.12% | +0.11% |
| Larsen & Toubro | Construction | 1.03% | -0.51% |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 1.02% | +0.11% |
| Tata Consumer Products | Agricultural Food & other Products | 0.97% | -0.02% |
| Cummins | Industrial Products | 0.97% | +0.00% |
| PNB Housing Finance | Finance | 0.97% | +0.04% |
| MCX | Capital Markets | 0.95% | +0.04% |
| Groww | Capital Markets | 0.95% | +0.02% |
| 91 Day Treasury Bills | Money Market | 0.95% | -0.33% |
| Shadowfax Technologies | Transport Services | 0.88% | +0.12% |
| Bharat Heavy Electricals | Electrical Equipment | 0.86% | +0.00% |
| IPCA Laboratories | Pharmaceuticals & Biotechnology | 0.86% | +0.03% |
| REC Ltd.** | Debt | 0.86% | +0.05% |
| ZF Commercial | Auto Components | 0.85% | -0.01% |
| JSW Infrastructure | Transport Infrastructure | 0.85% | +0.10% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.85% | +0.02% |
| Ajanta Pharma | Pharmaceuticals & Biotechnology | 0.84% | +0.06% |
| Phoenix Mills | Realty | 0.84% | +0.07% |
| Power Finance Corporation Ltd.** | Debt | 0.84% | +0.04% |
| Indian Railway Finance Corporation Ltd.** | Debt | 0.84% | +0.05% |
| Bank of Baroda | Money Market | 0.84% | +0.06% |
| Maruti Suzuki | Automobiles | 0.83% | -0.45% |
| Ather Energy | Automobiles | 0.80% | -0.31% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.77% | -0.01% |
| Nippon Life India AMC | Capital Markets | 0.76% | -0.02% |
| Hindustan Unilever | Diversified FMCG | 0.75% | +0.01% |
| Bharat Electronics | Aerospace & Defense | 0.74% | +0.00% |
| Cemindia Projects | Construction | 0.74% | +0.03% |
| Aditya Birla Capital | Finance | 0.72% | +0.00% |
| One 97 Communications | Financial Technology (Fintech) | 0.71% | -0.24% |
| Manipal Health Enterprises | Equity | 0.70% | +0.00% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.70% | +0.04% |
| CG Power & Industrial Solutions | Electrical Equipment | 0.70% | +0.00% |
| KRN Heat Exchanger and Refrigeration | Industrial Products | 0.69% | -0.01% |
| JSW Energy | Power | 0.69% | +0.01% |
| Inventurus Knowledge Solutions | IT - Services | 0.69% | +0.05% |
| 360 One WAM | Capital Markets | 0.69% | -0.04% |
| Aarti Industries | Chemicals & Petrochemicals | 0.68% | -0.02% |
| UltraTech Cement | Cement & Cement Products | 0.68% | +0.02% |
| Solar Industries | Chemicals & Petrochemicals | 0.66% | +0.03% |
| Jindal Steel | Ferrous Metals | 0.66% | +0.02% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.65% | -0.05% |
| Shiprocket | Transport Services | 0.65% | -0.05% |
| Patanjali Foods | Agricultural Food & other Products | 0.64% | — |
| GE Vernova T&D | Electrical Equipment | 0.62% | +0.01% |
| Apar Industries | Electrical Equipment | 0.59% | +0.03% |
| HDFC Life Insurance | Insurance | 0.59% | — |
| Ujjivan Small Finance Bank | Banks | 0.58% | +0.02% |
| Godrej Properties | Realty | 0.57% | -0.08% |
| Delhivery | Transport Services | 0.53% | -0.02% |
| Titan | Consumer Durables | 0.52% | -0.02% |
| Gokaldas Exports | Textiles & Apparels | 0.52% | -0.03% |
| Varun Beverages | Beverages | 0.52% | +0.07% |
| E2E Networks | IT - Services | 0.49% | — |
| Mphasis | IT - Software | 0.49% | -0.02% |
| Cyient | IT - Services | 0.48% | — |
| HCL Technologies | IT - Software | 0.46% | +0.00% |
| Indusind Bank | Banks | 0.44% | — |
| Amber Enterprises | Consumer Durables | 0.39% | -0.03% |
| GlaxoSmithKline Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.36% | -0.01% |
| Oil India | Oil | 0.35% | +0.00% |
| Trent | Retailing | 0.31% | -0.01% |
| NTPC | Power | 0.31% | +0.02% |
| National Stock Exchange of India | Capital Markets | 0.30% | — |
| Persistent Systems | IT - Software | 0.25% | +0.01% |
| Wockhardt | Pharmaceuticals & Biotechnology | 0.19% | +0.03% |
| National Bank for Agriculture and Rural Development | Debt | 0.17% | +0.01% |
| LG Electronics | Consumer Durables | 0.15% | +0.01% |
| 91TB241226 | Money Market | 0.09% | — |
| Net Receivable / Payable | Net Current Assets | -0.22% | — |
| IndusInd Bank Ltd. 27.10.2026 | Banks | -0.44% | — |
| Eternal Ltd. 27.10.2026 | Retailing | -0.44% | — |
| Patanjali Foods Ltd. 27.10.2026 | Agricultural Food & other Products | -0.64% | — |
Sector Allocation · Sep 2026
View all 31 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 9.95 | 9.20 | High Volatility |
| 3Y | 8.76 | 8.98 | Low Volatility |
| 5Y | 7.60 | 8.47 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.83 | -0.81 | Below Average |
| 3Y | 0.14 | 0.10 | Above Average |
| 5Y | 0.03 | 0.02 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.08 | 0.42 | Below Average |
| 3Y | 1.22 | 1.14 | Above Average |
| 5Y | 1.18 | 1.08 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.16 | 1.06 | Poor Risk Adjusted Returns |
| 3Y | 1.08 | 1.09 | Good Risk Adjusted Returns |
| 5Y | 0.96 | 1.02 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
UNIFI DYNAMIC ASSET ALLOCATION FUND
Direct Plan · GROWTH
|
+8.57% | — | — | +8.47% |
|
Mirae Asset Balanced Advantage Fund
Direct Plan · Growth
|
+3.10% | +10.79% | — | +10.95% |
|
ICICI Prudential Balanced Advantage Fund
Regular Plan · Growth
|
+2.77% | +10.67% | +9.66% | +10.93% |
|
Edelweiss Balanced Advantage Fund
Regular Plan · Growth
|
+2.47% | +9.96% | +8.03% | +10.20% |
|
WhiteOak Capital Balanced Advantage Fund
Direct Plan · Growth Option
|
+1.98% | +11.98% | — | +12.76% |
|
Parag Parikh Dynamic Asset Allocation Fund
Regular Plan · Growth
|
+1.94% | — | — | +5.99% |
|
Bajaj Finserv Balanced Advantage Fund
Direct Plan · Growth
|
+1.44% | — | — | +7.01% |
|
Helios Balanced Advantage Fund
Direct Plan · Growth
|
+1.43% | — | — | +7.10% |
|
Baroda BNP Paribas Balanced Advantage Fund
Regular Plan · Growth Option
|
+1.35% | +11.08% | +9.26% | +12.42% |
|
Axis Balanced Advantage Fund
Direct Plan · Growth Option
|
+1.17% | +12.19% | +9.53% | +9.98% |
More From Union Asset Management Company Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Union Gold ETF Fund of Fund
Direct Plan · Growth Option
|
+17.00% | — | — | +31.55% |
|
Union Gold ETF
Direct Plan · Growth Option
|
+16.73% | — | — | +31.97% |
|
Union Active Momentum Fund
Direct Plan · IDCW Option
|
+15.74% | — | — | +0.32% |
|
Union Small Cap Fund
Direct Plan · Growth Option
|
+14.82% | +15.43% | +16.22% | +16.18% |
|
Union Innovation & Opportunities Fund
Direct Plan · Growth Option
|
+8.71% | +19.25% | — | +17.75% |
|
Union Arbitrage Fund
Direct Plan · IDCW Option
|
+6.65% | +7.17% | +6.60% | +5.78% |
|
Union Money Market Fund
Direct Plan · Growth Option
|
+6.62% | +7.14% | +6.53% | +6.40% |
|
Union Liquid Fund
Direct Plan · Growth Option
|
+6.49% | +6.92% | +6.45% | +6.53% |
|
Union Diversified Equity All Cap Active FOF
Direct Plan · IDCW Option
|
+5.99% | — | — | +7.33% |
|
Union Multicap Fund
Direct Plan · Growth Option
|
+5.87% | +15.07% | — | +17.37% |
About This Scheme
Investment Objective
To achieve long term capital appreciation and generate income through an equity portfolio by using long equities, equity derivatives and arbitrage opportunities available. However, there is no assurance that the Investment Objective of the scheme will be achieved.
Stated Asset Allocation
Equity and Equity related instruments*: 65%- 100% of net assets; * Out of which, Equity Derivatives: 0% - 45% of net assets; Debt, Money Market Instruments and other assets as permitted by SEBI: 0% - 35%. Please refer the Scheme Information Document for complete details.
Exit Load
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter
Fund Managers
FM 1 Mr. Sanjay Bembalkar, FM 2 Mr. Gaurav Chopra, FM 3 Mr. Parijat Agrawal , FM 4 Mr. Vishal Thakker
FM 1 - comanage, FM 2 - comanage, FM 3- comanage , FM 4 - comanage
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Union Asset Management Company Private Limited website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.