Union Balanced Advantage Fund
The fund has shifted decisively toward equities at 69%, betting on market strength while maintaining a defensive debt cushion. The manager is clearly favoring quality financials and infrastructure plays—banks and CRISIL AAA securities dominate—but recent additions like Patanjali Foods and Tata Motors signal willingness to hunt for value beyond mega-cap blue chips. The sharp TREPS reduction and treasury bill exit suggest confidence in equity upside, though concentrated top holdings merit monitoring for retail investors seeking true diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹21.6500 | — | — | — | — |
| Regular Growth | ₹19.9000 | -0.80% | -0.15% | +8.20% | +7.33% |
| Direct IDCW | ₹20.3200 | — | — | — | — |
| Regular IDCW | ₹18.5700 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Patanjali Foods Ltd. | 1.41% |
| Tata Motors Passenger Vehicles Ltd. | 0.28% |
| LG Electronics India Ltd. | 0.13% |
| Canara Bank | 1.29% |
| HDFC Bank Ltd.** | 1.29% |
| Bank of Baroda | 0.76% |
| 364 Day Treasury Bills | 1.27% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 5.33% |
| 2 | Reliance Industries Ltd. INE002A01018 | 4.16% |
| 3 | HDFC Bank Ltd. INE040A01034 | 4.03% |
| 4 | Bharti Airtel Ltd. INE397D01024 | 3.50% |
| 5 | ICICI Bank Ltd. INE090A01021 | 3.48% |
| 6 | State Bank of India INE062A01020 | 2.53% |
| 7 | Bajaj Finance Ltd. INE296A01032 | 2.07% |
| 8 | National Bank for Agriculture and Rural Development** INE261F08EH1 | 2.01% |
| 9 | Small Industries Development Bank of India** INE556F08KY6 | 1.99% |
| 10 | Indian Railway Finance Corporation Ltd.** INE053F08361 | 1.99% |
| 11 | Larsen & Toubro Ltd. INE018A01030 | 1.98% |
| 12 | Power Grid Corporation of India Ltd.** INE752E08775 | 1.95% |
| 13 | Punjab National Bank** INE160A16UQ6 | 1.90% |
| 14 | Net Receivable / Payable | 1.80% |
| 15 | Axis Bank Ltd. INE238A01034 | 1.77% |
| 16 | TVS Motor Company Ltd. INE494B01023 | 1.67% |
| 17 | Indian Railway Finance Corporation Ltd.** INE053F08346 | 1.61% |
| 18 | Patanjali Foods Ltd. INE619A01035 | 1.41% |
| 19 | Eternal Ltd. INE758T01015 | 1.36% |
| 20 | Max Financial Services Ltd. INE180A01020 | 1.30% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Union Balanced Advantage Fund hold?
Union Balanced Advantage Fund holds 93 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.70% of NAV.
What is the largest holding in Union Balanced Advantage Fund?
The largest position in Union Balanced Advantage Fund is TREPS, accounting for 5.33% of NAV.
Is Union Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.398, Union Balanced Advantage Fund is well-diversified. The HHI concentration index is 15,213 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.70% of the portfolio.
What is the market cap allocation of Union Balanced Advantage Fund?
Based on SEBI's AMFI classification, Union Balanced Advantage Fund's equity portfolio is split as: Large Cap: 46.30%, Mid Cap: 10.93%, Small Cap: 8.91%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Balanced Advantage Fund invest in most?
Union Balanced Advantage Fund has the highest allocation to CRISIL AAA (17.12%), Banks (14.81%), Finance (4.64%). The fund is invested across 39 sectors in total.
How actively managed is Union Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
Union Balanced Advantage Fund has an Active Share of 56.16%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Union Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Balanced Advantage Fund added 7 new stocks (including Patanjali Foods Ltd.) and exited 3 stocks (including Blue Star Ltd.). Total holding count increased from 91 to 95 stocks.