Question 1

Which funds are similar to Union Balanced Advantage Fund Direct-Growth?

Accepted Answer

Funds similar to Union Balanced Advantage Fund Direct-Growth in the Hybrid: Dynamic Asset Allocation category include HDFC Balanced Advantage Fund Direct-Growth, ICICI Prudential Balanced Advantage Direct-Growth, and SBI Balanced Advantage Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of Union Balanced Advantage Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis Union Balanced Advantage Fund Direct-Growth is ranked 25 out of 30 funds in the Hybrid: Dynamic Asset Allocation category as of 16 Jul 2026. On a 5-year return basis it ranks 19 out of 22. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does Union Balanced Advantage Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

Union Balanced Advantage Fund Direct-Growth has an expense ratio of 1.46%. The peers HDFC Balanced Advantage Fund Direct-Growth has an expense ratio of 0.77% and ICICI Prudential Balanced Advantage Direct-Growth has 1.06%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does Union Balanced Advantage Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

Union Balanced Advantage Fund Direct-Growth has an AUM of ₹1,236.69 crore. The peers HDFC Balanced Advantage Fund Direct-Growth has an AUM of ₹1,06,456 crore and ICICI Prudential Balanced Advantage Direct-Growth has ₹72,486.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Hybrid: Dynamic Asset Allocation?

Accepted Answer

The top performing fund in the Hybrid: Dynamic Asset Allocation category on a 3-year basis is Quant Dynamic Asset Allocation Fund Direct-Growth with a CAGR of 16.11% as of 16 Jul 2026. Union Balanced Advantage Fund Direct-Growth has delivered 9.12% CAGR over the same period, ranking 25 out of 30 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does Union Balanced Advantage Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, Union Balanced Advantage Fund Direct-Growth has a Sharpe ratio of 0.40 compared to the Hybrid: Dynamic Asset Allocation average of 0.57 as of 16 Jul 2026. It ranks 28 out of 33 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+1.87%	2.48%	20 / 37
3Y Return	+9.12%	10.77%	25 / 30
5Y Return	+8.59%	9.97%	19 / 22
10Y Return	—	10.20%	—

Union Balanced Advantage Fund Direct-Growth

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