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.
The Union Balanced Advantage Fund Regular Growth has an AUM of 1301.37 crores & has delivered CAGR of 7.08% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 2.16%. The minimum investment in Union Balanced Advantage Fund Regular Growth is Rs 1000 and the minimum SIP is Rs 500.
As per morningstar the risk & return rating of the fund are Moderate & Moderate respectively.
The top holdings of the fund include HDFC Bank, Reliance Industries, ICICI Bank & Bharti Airtel.
The major sectors where the fund is invested are Regional Banks, Software & Programming, Consumer Financial Services & Oil & Gas Operations.
Some of the similar funds are HSBC Balanced Advantage Fund Growth, Sundaram Balanced Advantage Growth, Union Balanced Advantage Fund Regular Growth, Bajaj Finserv Balanced Advantage Fund Regular Growth, Canara Robeco Balanced Advantage Fund Regular Growth. Union Balanced Advantage Fund Regular Growth has a sharpe ratio of 0.58 & a standard deviation of 6.70%.
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