Dynamic Asset Allocation or Balanced Advantage · Hybrid

Union Balanced Advantage Fund

Union Asset Management Company Private Limited

Benchmark

NIFTY 50 Hybrid Composite Debt 50:50 Index

Riskometer

Very High

Size

₹1,152 cr

Allotted

29 Dec 2017

Holdings as of

30 Sep 2026

Union Balanced Advantage Fund is a dynamic asset allocation or balanced advantage fund of Union Asset Management Company Private Limited with ₹1,152 cr under management. It is ahead of its benchmark (NIFTY 50 Hybrid Composite Debt 50:50 Index) in 3 of 3 periods. Its direct plan charges 1.46% a year. Parijat Agrawal has managed it for 8.8 years.

Has Union Balanced Advantage Fund beaten its benchmark?

Ahead of its benchmark, NIFTY 50 Hybrid Composite Debt 50:50 Index, in 3 of 3 periods in AMFI's figures; −0.72% over the last year against −4.16%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−2.41%	−3.60%	—
3 months	−2.15%	−5.03%	—
6 months	+0.51%	−1.83%	—
1 year	−0.68%	−4.06%	+3.38 pts
3 years	+7.69%	+9.27%	−1.58 pts
5 years	+6.96%	+8.00%	−1.04 pts
10 years	—	+12.69%	—
Since start from 5 Jan 2018	+9.30%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (NIFTY 50 Hybrid Composite Debt 50:50 Index) in 3 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	−0.72%	−1.81%	−4.16%	+3.44	🔒
3y	+7.78%	+6.58%	+5.99%	+1.79	🔒
5y	+7.09%	+5.82%	+5.67%	+1.42	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Dynamic Asset Allocation or Balanced Advantage funds, and how steady the lead is, in the app

Value of 100, month-end

Jan 2018 to 14 Oct 2026

Fund 220Nifty 500 TRI 250

₹100 put in at the start of Jan 2018 would be ₹220 on 14 Oct 2026, against ₹250 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Union Balanced Advantage Fund cost?

1.46% a year on the direct plan, 2.54% on the regular plan; 18 of 22 funds in its category charge less.

Direct plan

1.46% a year

Category median 1.04%

Regular plan

2.54% a year

Category median 2.24%

Gap

1.08 points

for the same holdings

18 of 22 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Union Balanced Advantage Fund?

Sanjay Bembalkar, since 25 Jan 2023; Gaurav Chopra, since 1 Nov 2024; Parijat Agrawal, since 29 Dec 2017.

Sanjay Bembalkar

3.7 years

since 25 Jan 2023

Gaurav Chopra

2.0 years

since 1 Nov 2024

Parijat Agrawal

8.8 years

since 29 Dec 2017

And 1 more; every manager, the other funds each runs and the changes over time are in the app.

Benchmark as filedNIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) # #Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by

Exit load

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

From 39 Scheme Summary Documents filed with NSE, first on 16 Apr 2026; as on 12 Oct 2026

What does Union Balanced Advantage Fund hold?

101 holdings as of 30 Sep 2026; the ten largest are 27.0% of the fund, the largest HDFC Bank Ltd. at 4.8%.

Mix

Holdings as of 30 Sep 2026

Equity91.0%Debt5.4%Cash3.6%Other-3.0%

Holdings

101

90 shares

Top ten

27.0%

of the fund

Effective holdings

58.0

spread, as if equal-weighted

Matched to our table

82%

of the equity

Five largest

% of fund

HDFC Bank Ltd.4.78%

ICICI Bank Ltd.3.90%

Bharti Airtel Ltd.2.89%

Reliance Industries Ltd.2.85%

National Bank for Agriculture and Rural Development**2.15%

Five largest industries

% of fund

CRISIL AAA18.2%

Banks17.9%

Pharmaceuticals & Biotechnology6.10%

Finance5.30%

Auto Components4.50%

By company size

% of equity · SEBI size lists

Large Cap56.3%Mid Cap17.6%Small Cap26.1%

How does Union Balanced Advantage Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Union Balanced Advantage Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker

Nearest to the Nifty 500: 59% of it differs from the index (an active fund is usually above 60%).

Active share 59.2%60%

Funds that hold much the same

% of holdings in common

UNION MULTI ASSET ALLOCATION FUND66.8% the same

68 shared holdings

UNION AGGRESSIVE HYBRID FUND64.1% the same

65 shared holdings

UNION FLEXI CAP FUND59.2% the same

55 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Union Balanced Advantage Fund?

Sanjay Bembalkar (manager) since 25 Jan 2023; Gaurav Chopra (manager) since 1 Nov 2024; Parijat Agrawal (manager) since 29 Dec 2017; Vishal Thakker (manager) since 1 Oct 2025.

What is the expense ratio of Union Balanced Advantage Fund?

1.46% a year on the direct plan and 2.54% on the regular plan (expense report, Oct 2026).

How has Union Balanced Advantage Fund done?

Its direct plan returned +7.78% a year over 3 years against +5.99% for its benchmark, NIFTY 50 Hybrid Composite Debt 50:50 Index, as of 13 Oct 2026.