Union Balanced Advantage Fund - Direct Plan - Growth Option

Union Balanced Advantage Fund - Direct Plan - Growth Option sits in the middle of the pack for Dynamic Asset Allocation or Balanced Advantage funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 53/100.

Cost: At 1.12%, the expense ratio is meaningfully cheaper — about 36% below the Dynamic Asset Allocation or Balanced Advantage category average of 1.74% (based on 34 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.8 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 9.18% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors who want a single fund blending equity growth with debt-driven stability. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.