Union Balanced Advantage Fund - Regular Plan - Growth Option

Union Balanced Advantage Fund - Regular Plan - Growth Option lags behind most of its peers in the Dynamic Asset Allocation category, 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 49/100.

Cost: At 1.46%, the expense ratio runs 51% above the Dynamic Asset Allocation category average of 0.97%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.42 — 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 9.1% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.