Helios Balanced Advantage Fund vs Union Largecap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Balanced Advantage Fund is a Balanced Advantage fund and Union Largecap Fund is a Large Cap fund. In the year to 30-10-2026, Helios Balanced Advantage Fund (Direct) returned −2.2% and Union Largecap Fund (Direct) returned −8.1%. Helios Balanced Advantage Fund charges 1.32% a year and Union Largecap Fund 1.68% (Direct plans). Their portfolios overlap 37.7%: they hold 24 of the same securities.
Helios Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −2.2%
- Expense ratio
- 1.32%
- NAV
- ₹11.71
Which is better, Helios Balanced Advantage or Union Largecap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Helios Balanced Advantage returned more over 1 year: −2.2% against −8.1%.
- Helios Balanced Advantage costs less: 1.32% a year against 1.68% (Direct plans).
- Helios Balanced Advantage fell less in its worst fall since 28-03-2024: −11.1% against −16.3%.
- Union Largecap holds more in large companies: 83.0% of the fund in large caps against 66.3%.
- Union Largecap is the larger fund: ₹408 Cr against ₹265 Cr.
- Their portfolios overlap 37.7%: 24 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 | Helios Balanced Advantage Fund | Union Largecap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Union Mutual Fund |
| Category | Balanced Advantage | Large Cap |
| AUM | ₹265 Cr (30-09-2026) | ₹408 Cr (30-09-2026) |
| NAV | ₹11.71 (Direct) | ₹23.73 (Direct) |
| Expense ratio (Direct) | 1.32% | 1.68% |
| Expense ratio (Regular) | 2.84% | 2.58% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | BSE 100 TRI |
| Launch date | 27-03-2024 | 11-05-2017 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl - FM1, Pratik Singh - FM2, Devesh Kumar Bhatt - FM3 | Pratik Dharmshi, Sanjay Bembalkar |
| Exit load | NIL | Exit load of 1%, if redeemed within 15 days. |
Helios Balanced Advantage vs Union Largecap: 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 |
|---|---|---|---|---|---|---|---|
| Helios Balanced Advantage Fund (Direct) | +0.26% | −0.85% | +0.60% | −2.17% | -- | -- | -- |
| Union Largecap Fund (Direct) | +0.98% | −4.24% | −2.18% | −8.09% | +7.81% | +6.11% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 35 Large Cap funds, same plan type.
Helios Balanced Advantage vs Union Largecap: Year-wise Returns
| Year | Helios Balanced AdvantageHelios Balanced Advantage | Union LargecapUnion Largecap |
|---|---|---|
| 2026to date | −2.74% | −7.05% |
| 2025 | +6.55% | +5.23% |
| 2024 | -- | +13.31% |
| 2023 | -- | +23.26% |
| 2022 | -- | +0.23% |
| 2021 | -- | +29.33% |
Helios Balanced Advantage vs Union Largecap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of Union Largecap Fund
Rolling returns
Every 1-year holding period, 392 of them, one for each trading day from 28-03-2025 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.
Helios Balanced Advantage Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 TRI
to
May 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Helios Balanced Advantage | 4.8 | 44.4 | 45.2 | 5.6 | 0.0 | 0.0 | 0.0 | 5.2% | 5.1% | −4.0% | 14.8% | 65% |
| Union Largecap | 34.5 | 41.4 | 19.7 | 4.3 | 0.0 | 0.0 | 0.0 | 1.8% | 1.4% | −10.8% | 14.4% | 24% |
| BSE 100 TRI | 32.4 | 26.5 | 26.0 | 14.5 | 0.5 | 0.0 | 0.0 | 3.3% | 2.9% | −10.3% | 15.3% | -- |
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. The benchmark is BSE 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-03-2024. Past returns do not promise future returns.
Helios Balanced Advantage vs Union Largecap: 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 28-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Helios Balanced AdvantageHelios Balanced Advantage Fund (Direct) | ₹3,20,000 | ₹3,32,870 | ₹12,870 | 2.9% |
| Union LargecapUnion Largecap Fund (Direct) | ₹3,20,000 | ₹3,12,183 | −₹7,817 | −1.8% |
Helios Balanced AdvantageHelios Balanced Advantage Fund (Direct)
Union LargecapUnion Largecap 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.
Helios Balanced Advantage vs Union Largecap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Balanced Advantage Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.17% | −8.09% |
| Standard deviation | 11.28% | 14.03% |
| Sharpe ratio | -0.66 | -0.95 |
| Sortino ratio | -0.88 | -1.27 |
| Maximum drawdown | −10.9% (30-03-2026) | −14.1% (30-03-2026) |
| Beta | -- | 0.99 |
| Alpha | -- | +0.69% |
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 | Helios Balanced Advantage Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.80% | +9.55% |
| Standard deviation | 10.51% | 16.04% |
| Sharpe ratio | -0.01 | 0.26 |
| Sortino ratio | -0.01 | 0.35 |
| Maximum drawdown | −11.1% (28-02-2025) | −36.4% (23-03-2020) |
| Beta | -- | 0.97 |
| Alpha | -- | −1.93% |
From daily NAVs, 28-03-2024 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.
Helios Balanced Advantage Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Helios Balanced Advantage Fund (Direct) | −11.1% | 16-12-2024 | 28-02-2025 | 16-07-2025 | 5 months | −3.9% |
| Union Largecap Fund (Direct) | −16.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
From daily values since 28-03-2024, 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.
Helios Balanced Advantage Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Helios Balanced Advantage Fund (Direct) | 75% | 57% | 6.65% |
| Union Largecap Fund (Direct) | 86% | 92% | 3.24% |
From month-end values since 28-03-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Helios Balanced Advantage vs Union Largecap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Balanced Advantage Fund, September 2026; Union Largecap Fund, September 2026
Holdings in common
- Overlap
- 37.7%
- Held by both
- 24
- Only in Helios Balanced Advantage
- 36
- Only in Union Largecap
- 33
| Security | % of Helios Balanced Advantage | % of Union Largecap |
|---|---|---|
| ICICI Bank Ltd. | 5.39% | 9.41% |
| Eternal Ltd. | 3.72% | 3.27% |
| HDFC Bank Ltd. | 2.67% | 6.95% |
| State Bank of India | 2.56% | 4.18% |
| Kotak Mahindra Bank Ltd. | 6.30% | 2.52% |
| Bajaj Finance Ltd. | 2.95% | 2.00% |
| Shriram Finance Ltd. | 2.54% | 1.69% |
| Torrent Pharmaceuticals Ltd. | 1.66% | 3.27% |
| Reliance Industries Ltd. | 1.51% | 5.28% |
| Axis Bank Ltd. | 1.50% | 3.24% |
| Bharat Electronics Ltd. | 2.38% | 1.40% |
| Adani Enterprises Ltd. | 2.53% | 1.27% |
| Bharti Airtel Ltd. | 1.23% | 4.31% |
| Divi's Laboratories Ltd. | 2.95% | 1.16% |
| Multi Commodity Exchange of India Ltd. | 1.38% | 1.03% |
| Larsen & Toubro Ltd. | 1.01% | 2.49% |
| Titan Company Ltd. | 1.00% | 2.39% |
| Apollo Hospitals Enterprise Ltd. | 1.37% | 0.90% |
| Adani Ports and Special Economic Zone Ltd. | 4.56% | 0.88% |
| ICICI Prudential Asset Management Company Ltd. | 1.48% | 0.79% |
| Adani Energy Solutions Ltd. | 1.04% | 0.67% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.87% | 0.60% |
| Jio Financial Services Ltd. | 0.60% | 0.53% |
| Tata Steel Ltd. | 0.50% | 0.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.7% means 37.7% 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 Helios Balanced Advantage Fund
| Security | % of fund |
|---|---|
| One 97 Communications Ltd. | 4.86% |
| Punjab National Bank | 2.46% |
| Embassy Office Parks Reit | 2.34% |
| 7.06% CGL 2028 | 1.97% |
| 7.10% CGL 2034 | 1.95% |
Largest holdings only in Union Largecap Fund
| Security | % of fund |
|---|---|
| Infosys Ltd. | 2.69% |
| Mahindra & Mahindra Ltd. | 2.68% |
| Tata Consumer Products Ltd. | 2.57% |
| Solar Industries India Ltd. | 2.45% |
| NTPC Ltd. | 2.37% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Balanced Advantage | Union Largecap |
|---|---|---|
| Equity | 88.5% | 99.0% |
| Debt | 7.6% | 0.1% |
| Cash and others | 3.9% | 0.9% |
Market cap of stocks
| Market cap | Helios Balanced Advantage | Union Largecap |
|---|---|---|
| Large Cap | 66.3% | 83.0% |
| Mid Cap | 13.5% | 10.7% |
| Small Cap | 6.3% | 3.6% |
| Not on AMFI's list | 2.4% | 1.7% |
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 | Helios Balanced Advantage | Union Largecap |
|---|---|---|
| Banks | 20.9% | 26.3% |
| Finance | 9.0% | 4.8% |
| Capital Markets | 8.0% | 3.5% |
| Pharmaceuticals & Biotechnology | 5.6% | 5.2% |
| Petroleum Products | 1.5% | 5.3% |
| Automobiles | 1.4% | 4.9% |
| Financial Technology (Fintech) | 4.9% | 0.0% |
| Retailing | 3.7% | 4.6% |
| Transport Infrastructure | 4.6% | 0.9% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Balanced Advantage vs Union Largecap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Balanced Advantage Fund | Union Largecap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.32% | 1.68% |
| Base expense ratio (Direct) | 0.80% | 1.34% |
| Total expense ratio (Regular) | 2.84% | 2.58% |
| Base expense ratio (Regular) | 2.09% | 2.10% |
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.
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Helios Balanced Advantage Fund vs Union Largecap Fund: Frequently Asked Questions
What is the difference between Helios Balanced Advantage Fund and Union Largecap Fund?
Helios Balanced Advantage Fund is a Balanced Advantage fund, Union Largecap Fund is a Large Cap fund, run by Helios Mutual Fund and Union Mutual Fund. Their portfolios overlap 37.7%. Helios Balanced Advantage Fund charges 1.32% a year and Union Largecap Fund 1.68%.
Which has given higher returns, Helios Balanced Advantage Fund or Union Largecap Fund?
Over 1 year: Helios Balanced Advantage Fund −2.17%, Union Largecap Fund −8.09%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Helios Balanced Advantage Fund or Union Largecap Fund?
Helios Balanced Advantage Fund charges less: 1.32% a year against 1.68%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Balanced Advantage Fund and Union Largecap Fund overlap?
37.7%. They hold 24 of the same securities, the largest shared ones being ICICIBANK, ETERNAL, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Helios Balanced Advantage Fund or Union Largecap Fund?
On SEBI's riskometer, Helios Balanced Advantage Fund is rated Very High and Union Largecap Fund Very High. Over 1 years, the standard deviation of daily returns was 11.28% and 14.03% a year.
Can I invest in both Helios Balanced Advantage Fund and Union Largecap Fund?
Yes. 37.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Balanced Advantage Fund and Union Largecap Fund?
Helios Balanced Advantage Fund: Alok Bahl - FM1, Pratik Singh - FM2, Devesh Kumar Bhatt - FM3. Union Largecap Fund: Pratik Dharmshi, Sanjay Bembalkar.
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.