Axis Balanced Advantage Fund vs Union Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Balanced Advantage Fund and Union Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, Axis Balanced Advantage Fund (Direct) returned 11.5% a year and Union Balanced Advantage Fund (Direct) returned 7.8% a year. Axis Balanced Advantage Fund charges 1.00% a year and Union Balanced Advantage Fund 1.47% (Direct plans). Their portfolios overlap 36.3%: they hold 42 of the same securities.
Axis Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.5%
- Expense ratio
- 1.00%
- NAV
- ₹23.69
Union Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
Which is better, Axis Balanced Advantage or Union Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Balanced Advantage returned more over 5 years: 9.1% a year against 7.0%.
- Axis Balanced Advantage returned more over 3 years: 11.5% a year against 7.8%.
- Axis Balanced Advantage costs less: 1.00% a year against 1.47% (Direct plans).
- Axis Balanced Advantage swung less over 3 years: a standard deviation of 8.0% a year against 8.6%.
- Axis Balanced Advantage fell less in its worst fall since 05-01-2018: −17.2% against −23.8%.
- Axis Balanced Advantage holds more in large companies: 58.2% of the fund in large caps against 41.5%.
- Axis Balanced Advantage is the larger fund: ₹3,651 Cr against ₹1,158 Cr.
- Their portfolios overlap 36.3%: 42 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Balanced Advantage Fund | Union Balanced Advantage Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Union Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹3,651 Cr (30-09-2026) | ₹1,158 Cr (30-09-2026) |
| NAV | ₹23.69 (Direct) | ₹21.67 (Direct) |
| Expense ratio (Direct) | 1.00% | 1.47% |
| Expense ratio (Regular) | 2.18% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) # #Benchmark Disclaimer: The “Product” offered by “the issuer” is not s |
| Launch date | 01-08-2017 | 29-12-2017 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Jayesh Sundar, Devang Shah, Hardik Shah | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Exit load of 1%, if redeemed within 15 days. |
Axis Balanced Advantage vs Union Balanced Advantage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | +0.59% | −2.63% | +0.25% | −1.41% | +11.50% | +9.11% | -- |
| Union Balanced Advantage Fund (Direct) | −0.91% | −3.00% | −0.32% | −3.39% | +7.80% | +6.95% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Axis Balanced Advantage vs Union Balanced Advantage: Year-wise Returns
| Year | AxisAxis Balanced Advantage | UnionUnion Balanced Advantage |
|---|---|---|
| 2026to date | −2.35% | −3.30% |
| 2025 | +8.16% | +7.02% |
| 2024 | +18.99% | +11.26% |
| 2023 | +21.46% | +16.97% |
| 2022 | +0.91% | +3.94% |
| 2021 | +17.23% | +10.65% |
Axis Balanced Advantage vs Union Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,441 of them, one for each trading day from 05-01-2021 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Balanced Advantage Fund (Direct)
Union Balanced Advantage Fund (Direct)
to
Jun 2021Jun 2019
to
Jun 2022Jun 2020
to
Jun 2023Jun 2021
to
Jun 2024Jun 2022
to
Jun 2025May 2023
to
May 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage | 0.0 | 0.0 | 22.3 | 61.8 | 16.0 | 0.0 | 0.0 | 12.5% | 12.9% | 6.4% | 17.9% |
| Union Balanced Advantage | 0.0 | 0.0 | 15.4 | 77.9 | 6.4 | 0.3 | 0.0 | 12.0% | 11.9% | 7.0% | 22.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 05-01-2018. Past returns do not promise future returns.
Axis Balanced Advantage vs Union Balanced Advantage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-01-2018 to 30-10-2026: 106 instalments, ₹10,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct) | ₹10,60,000 | ₹16,83,042 | ₹6,23,042 | 10.2% |
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹10,60,000 | ₹15,74,761 | ₹5,14,761 | 8.7% |
Axis Balanced AdvantageAxis Balanced Advantage Fund (Direct)
Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Balanced Advantage vs Union Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Balanced Advantage Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.41% | −3.39% |
| Standard deviation | 8.19% | 9.82% |
| Sharpe ratio | -0.81 | -0.88 |
| Sortino ratio | -1.10 | -1.16 |
| Maximum drawdown | −7.8% (30-03-2026) | −8.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Balanced Advantage Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.50% | +7.80% |
| Standard deviation | 8.03% | 8.65% |
| Sharpe ratio | 0.68 | 0.20 |
| Sortino ratio | 0.95 | 0.27 |
| Maximum drawdown | −7.8% (30-03-2026) | −8.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Balanced Advantage Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.11% | +6.95% |
| Standard deviation | 7.79% | 7.50% |
| Sharpe ratio | 0.42 | 0.15 |
| Sortino ratio | 0.58 | 0.20 |
| Maximum drawdown | −9.6% (17-06-2022) | −8.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Balanced Advantage Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.71% | +9.13% |
| Standard deviation | 8.12% | 9.54% |
| Sharpe ratio | 0.54 | 0.40 |
| Sortino ratio | 0.73 | 0.54 |
| Maximum drawdown | −17.2% (23-03-2020) | −23.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-08-2017 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Balanced Advantage Fund (Direct)
Union Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund (Direct) | −17.2% | 13-02-2020 | 23-03-2020 | 09-10-2020 | 7 months | −3.9% |
| Union Balanced Advantage Fund (Direct) | −23.8% | 17-01-2020 | 23-03-2020 | 02-07-2020 | 3 months | −4.7% |
From daily values since 05-01-2018, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Union Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Union Balanced Advantage Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Balanced Advantage Fund (Direct)
Union Balanced Advantage Fund (Direct)
Axis Balanced Advantage vs Union Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Balanced Advantage Fund, September 2026; Union Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 36.3%
- Held by both
- 42
- Only in Axis Balanced Advantage
- 109
- Only in Union Balanced Advantage
- 53
| Security | % of Axis Balanced Advantage | % of Union Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 5.65% | 4.78% |
| ICICI Bank Limited | 5.81% | 3.90% |
| Reliance Industries Limited | 4.43% | 2.85% |
| Bharti Airtel Limited | 2.38% | 2.89% |
| State Bank of India | 3.26% | 2.02% |
| Axis Bank Limited | 1.53% | 2.01% |
| Eternal Limited | 1.51% | 1.87% |
| Infosys Limited | 2.20% | 1.30% |
| Kotak Mahindra Bank Limited | 2.39% | 1.28% |
| Bajaj Finance Limited | 1.17% | 1.71% |
| Larsen & Toubro Limited | 2.20% | 1.03% |
| Shriram Finance Limited | 0.91% | 1.42% |
| The Phoenix Mills Limited | 0.96% | 0.84% |
| Sun Pharmaceutical Industries Limited | 1.19% | 0.77% |
| PNB Housing Finance Limited | 0.71% | 0.97% |
| CG Power and Industrial Solutions Limited | 0.67% | 0.70% |
| Hindustan Unilever Limited | 0.62% | 0.75% |
| Tata Consumer Products Limited | 0.62% | 0.97% |
| HDFC Life Insurance Company Limited | 0.60% | 0.59% |
| Pidilite Industries Limited | 0.56% | 0.65% |
| Varun Beverages Limited | 0.63% | 0.52% |
| Titan Company Limited | 0.62% | 0.52% |
| Maruti Suzuki India Limited | 0.52% | 0.83% |
| RBL Bank Limited | 0.49% | 1.25% |
| Mphasis Limited | 0.47% | 0.49% |
| UltraTech Cement Limited | 0.44% | 0.68% |
| Divi's Laboratories Limited | 0.42% | 0.70% |
| Amber Enterprises India Limited | 0.37% | 0.39% |
| Delhivery Limited | 0.32% | 0.53% |
| Torrent Pharmaceuticals Limited | 0.32% | 0.85% |
| NTPC Limited | 1.56% | 0.31% |
| Bharat Electronics Limited | 0.28% | 0.74% |
| Solar Industries India Limited | 0.25% | 0.66% |
| Multi Commodity Exchange of India Limited | 0.24% | 0.95% |
| GE Vernova T&D India Limited | 0.21% | 0.62% |
| LG Electronics India Ltd | 0.40% | 0.15% |
| 7.62% National Bank For Agriculture and Rural Development (31/01/2028) | 0.14% | 1.29% |
| HCL Technologies Limited | 0.11% | 0.46% |
| Bharat Heavy Electricals Limited | 0.08% | 0.86% |
| Aditya Birla Capital Limited | 0.04% | 0.72% |
| IndusInd Bank Limited | 0.02% | 0.44% |
| Godrej Properties Limited | 0.01% | 0.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.3% means 36.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 2.01% |
| Apollo Hospitals Enterprise Limited | 1.83% |
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 1.78% |
| 7.61% Government of India (09/05/2030) | 1.40% |
| 7.97% Mankind Pharma Limited (16/11/2027) | 1.37% |
Largest holdings only in Union Balanced Advantage Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 2.15% |
| Small Industries Development Bank of India | 2.12% |
| Indian Railway Finance Corporation Ltd. | 2.12% |
| Punjab National Bank | 2.10% |
| Power Grid Corporation of India Ltd. | 2.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Balanced Advantage | Union Balanced Advantage |
|---|---|---|
| Equity | 72.9% | 74.3% |
| Debt | 22.8% | 22.1% |
| Cash and others | 4.3% | 3.6% |
Market cap of stocks
| Market cap | Axis Balanced Advantage | Union Balanced Advantage |
|---|---|---|
| Large Cap | 58.2% | 41.5% |
| Mid Cap | 9.1% | 12.4% |
| Small Cap | 5.3% | 17.3% |
| Not on AMFI's list | 0.3% | 3.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Balanced Advantage | Union Balanced Advantage |
|---|---|---|
| Banks | 19.3% | 16.3% |
| Pharmaceuticals & Biotechnology | 3.1% | 5.6% |
| Finance | 4.3% | 4.8% |
| Petroleum Products | 4.8% | 2.9% |
| Automobiles | 4.2% | 1.6% |
| Auto Components | 2.3% | 4.1% |
| Capital Markets | 0.6% | 3.6% |
| IT - Software | 3.6% | 2.5% |
| Construction | 2.2% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Balanced Advantage vs Union Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Balanced Advantage Fund | Union Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.00% | 1.47% |
| Base expense ratio (Direct) | 0.66% | 0.96% |
| Total expense ratio (Regular) | 2.18% | 2.56% |
| Base expense ratio (Regular) | 1.64% | 1.88% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Balanced Advantage with
Axis Balanced Advantage Fund vs Union Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Axis Balanced Advantage Fund and Union Balanced Advantage Fund?
Both are Balanced Advantage funds, run by Axis Mutual Fund and Union Mutual Fund. Their portfolios overlap 36.3%. Axis Balanced Advantage Fund charges 1.00% a year and Union Balanced Advantage Fund 1.47%.
Which has given higher returns, Axis Balanced Advantage Fund or Union Balanced Advantage Fund?
Over 1 year: Axis Balanced Advantage Fund −1.41%, Union Balanced Advantage Fund −3.39%. Over 3 years: Axis Balanced Advantage Fund +11.50% a year, Union Balanced Advantage Fund +7.80% a year. Over 5 years: Axis Balanced Advantage Fund +9.11% a year, Union Balanced Advantage Fund +6.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Balanced Advantage Fund or Union Balanced Advantage Fund?
Axis Balanced Advantage Fund charges less: 1.00% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Balanced Advantage Fund and Union Balanced Advantage Fund overlap?
36.3%. They hold 42 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Axis Balanced Advantage Fund or Union Balanced Advantage Fund?
On SEBI's riskometer, Axis Balanced Advantage Fund is rated Very High and Union Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 8.03% and 8.65% a year.
Which is better for SIP, Axis Balanced Advantage Fund or Union Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,67,696 in Axis Balanced Advantage Fund (XIRR 9.0% a year) and ₹7,13,759 in Union Balanced Advantage Fund (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Balanced Advantage Fund and Union Balanced Advantage Fund?
Yes. 36.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Balanced Advantage Fund and Union Balanced Advantage Fund?
Axis Balanced Advantage Fund: Jayesh Sundar, Devang Shah, Hardik Shah. Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.