Union Balanced Advantage Fund
Union Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹21.5100 | — | — | — | — | — | — |
| Regular Growth | ₹19.7700 | -0.30% | -4.26% | -4.45% | -0.10% | +7.99% | +7.19% |
| Direct IDCW | ₹20.1900 | — | — | — | — | — | — |
| Regular IDCW | ₹18.4500 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
93
Top 5 Weight
17.70%
Top 10 Weight
27.74%
Active Share
—
Large Cap
46.30%
Gini
0.398
What Changed2026-03-31 → 2026-04-30
Holdings: 91 → 95+7 added−3 removed19 weight shifts ≥ 0.1%
| 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
CRISIL AAA17.1%
Banks14.8%
Finance4.6%
CRISIL A1+4.5%
Petroleum Products4.2%
Automobiles4.0%
Telecom - Services3.5%
IT - Software2.9%
Construction2.4%
Pharmaceuticals & Biotechnology2.4%
Top 10 sectors by % to NAV. Excludes derivatives.