Fundalysisby DARKHORSESTOCKS

Scheme

Union Balanced Advantage Fund

Holds 79 companies worth ₹922 Cr in Aug 2026.

  • Fund house

    UnionThe fund house that runs this scheme.

  • AUM

    ₹1,158 CrUnion Balanced Advantage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.6% on Aug 2026, ₹1,240 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 4.5% of this scheme's NAV.

  • Fund manager

    Parijat AgrawalRuns its co-manager part since 29 Dec 2017, as the fund house dates it. With Sanjay Bembalkar (co-manager), Gaurav Chopra (co-manager), Vishal Thakker (co-manager).

Overview(6 Oct 2026)

Fund managers4

  1. Parijat AgrawalCo-manager · Dec 2017 · 30y · PGDM B.E.
  2. Sanjay BembalkarCo-manager · Jan 2023 · 18y · CA CFA B.Com
  3. Gaurav ChopraCo-manager · Nov 2024 · 11y · CA B.Com
  4. Vishal ThakkerCo-manager · Oct 2025 · 15y
  1. Hardick BoraJun 2018 – Nov 2024

Key facts

Benchmark
NIFTY 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.
Risk
Very High
Expense
Regular 2.54% · Direct 1.46%
Exit load
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter
Started
29 Dec 2017
Minimum
₹1,000

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed(37 changes)

Oct 2026

1 change
  1. Expense ratio
    5 OctRegular 2.56% → 2.54%Direct 1.47% → 1.46%

Sept 2026

1 change
  1. Expense ratio
    10 SeptDirect 1.46% → 1.47%

Jul 2026

1 change
  1. Expense ratio
    6 JulRegular 2.5% → 2.56%Direct 1.4% → 1.46%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Dec 2017 – now)

  1. Parijat Agrawal
  2. Sanjay Bembalkar
  3. Gaurav Chopra
  4. Vishal Thakker
  5. Hardick Bora
MainCoSlice201820192020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
33 changesRegularDirectΔ pt
5 Oct 20262.54%1.46%0.01
10 Sept 20262.56%1.47%0.01
6 Jul 20262.56%1.46%0.06
18 Jun 20262.50%1.40%0.29
8 Jun 20262.20%1.11%0.13
1 Jun 20262.33%1.24%0.13
28 May 20262.19%1.11%0.05
11 May 20262.15%1.06%0.01
5 May 20262.18%1.07%1.31
28 Apr 20263.49%2.38%1.33
26 Apr 20262.15%1.05%0.35
22 Apr 20262.51%1.40%0.04
16 Apr 20262.47%1.36%0.31
9 Apr 20262.16%1.05%0.11
7 Apr 20262.27%1.16%0.05
29 Mar 20262.23%1.11%0.02
19 Mar 20262.21%1.09%0.01
16 Mar 20262.20%1.08%0.03
4 Mar 20262.17%1.05%0.01
4 Jan 20262.16%1.04%0.04
18 Nov 20252.16%1.00%0.01
31 Oct 20252.15%0.99%0.01
12 Aug 20252.16%1.00%0.01
25 Apr 20252.15%0.99%0.01
11 Apr 20252.16%1.00%0.12
2 Apr 20252.14%0.88%0.08
14 Feb 20252.17%0.96%0.01
16 Jan 20252.16%0.95%0.03
13 Jan 20252.13%0.92%0.01
2 Jan 20252.12%0.91%0.07
25 Oct 20242.13%0.98%0.01
9 Oct 20242.12%0.97%0.01
23 Aug 20242.11%0.96%–
Direct plan, 5 Oct 2026
1.46%
Regular plan 2.54% · Exit load 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Oct 2026)

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.

Risk, type and benchmark

Riskometer
Very High
Type
An open ended dynamic asset allocation fund investing in debt and equity instruments only.
Benchmark
NIFTY 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.

Asset allocation it may hold% of NAV

  1. Equity and Equity related instruments
    Allowed65–100%
  2. * Out of which, Equity Derivatives
    Allowed0–45%
  3. Debt, Money Market Instruments and other assets as permitted by SEBI
    Allowed0–35%Holds25.6%

Holds in Aug 2026.74.4% equity · 25.6% debt and cash

How to invest(6 Oct 2026)

Buying

To start
₹1,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Systematic
SIP - Daily, Weekly, Fortnightly and Monthly STP - Daily, Weekly, Fortnightly, Monthly ,Quarterly and Half yearly SWP - Daily, Monthly ,Quarterly, Half yearly and Yearly
Dates
SIP - Daily (only business days) for Daily frequency, any date of the month for weekly, fortnightly and monthly frequency. STP - Daily (only business days) for Daily frequency, Monday to Friday for weekly frequency, Every Alternate Wednesday for fortnightly frequency and Any date of the month for monthly, quarterly and half yearly frequency SWP - Daily (Only Business days) for Daily Frequency and any date of the month for monthly, quarterly, half yearly and yearly frequency
Minimum
SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP STP - Rs. 100 for all frequencies SWP - Rs. 500 for all frequencies, then sIP - Rs. 1 thereof for all frequencies STP - Rs. 1 thereof for all frequencies SWP - Rs. 1 thereof for all frequencies
Instalments
SIP - 6 instalments for all frequencies STP - 6 instalments for all frequencies SWP - 6 instalments for all frequencies
Most
SIP - Not applicable STP - Not applicable SWP - Not applicable

Selling and switching

To redeem
₹1,000 or Units equivalent of Rs. 1000 and in multiple of Rs. 1 thereof units
Switch minimum
Switch in: Rs. 1000 Switch out: Rs. 1000 or Switch in: Units equivalent to Rs. 1000 Switch out: Units equivalent to Rs. 1000 units
Switch multiples
Switch in: Rs. 1 thereafter Switch out: Rs. 1 therafter or Switch in: Units equivalent to Rs. 1 Switch out: Units equivalent to Rs. 1 units

Scheme details(6 Oct 2026)

What it is

Category
Dynamic Asset Allocation/Balanced Advantage
Offer
7 Dec 2017 to 21 Dec 2017
Started
29 Dec 2017
Reopened
5 Jan 2018
Plans
Direct Plan - Growth Option, Direct Plan - Payout of Income Distribution cum Capital Withdrawal (IDCW) Option, Direct Plan - Reinvestment of IDCW Option, Direct Plan - Transfer of IDCW Plan · Regular Plan - Growth Option, Regular Plan - Payout of IDCW Option, Regular Plan - Reinvestment of IDCW Option, Regular Plan - Transfer of IDCW Plan
Face value
₹10
Listed
The Scheme being an open ended Scheme it is not proposed to be listed on any stock exchange. However, the Trustee reserves the right to list the units of the Scheme on any stock exchange(s) at its sole discretion at a later date.

How it is run

Swing pricing
No
Side-pocketing
Enabled but no segregated portfolio created.
Custodian
SBI-SG Global Securities Services Private Limited
Auditor
M/s S.R Batliboi & Co. LLP
Registrar
Computer Age Management Services Limited (CAMS)
SEBI code
UNIN/O/H/BAF/17/11/0007