quant Dynamic Asset Allocation Fund vs Union Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
quant Dynamic Asset Allocation Fund and Union Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, quant Dynamic Asset Allocation Fund (Direct) returned 12.8% a year and Union Balanced Advantage Fund (Direct) returned 7.8% a year. quant Dynamic Asset Allocation Fund charges 1.55% a year and Union Balanced Advantage Fund 1.47% (Direct plans). Their portfolios overlap 5.3%: they hold 5 of the same securities.
quant Dynamic Asset Allocation Fund
Balanced Advantage
- 3 year return
- 12.8%
- Expense ratio
- 1.55%
- NAV
- ₹16.50
Union Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
Which is better, quant Dynamic Asset Allocation 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.
- quant Dynamic Asset Allocation returned more over 3 years: 12.8% a year against 7.8%.
- Union Balanced Advantage returned more over 1 year: −3.4% against −5.8%.
- Union Balanced Advantage costs less: 1.47% a year against 1.55% (Direct plans).
- Union Balanced Advantage swung less over 3 years: a standard deviation of 8.6% a year against 14.0%.
- Union Balanced Advantage fell less in its worst fall since 13-04-2023: −8.9% against −18.4%.
- Union Balanced Advantage is the larger fund: ₹1,158 Cr against ₹810 Cr.
- Their portfolios overlap 5.3%: 5 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 | quant Dynamic Asset Allocation Fund | Union Balanced Advantage Fund |
|---|---|---|
| Fund house | quant Mutual Fund | Union Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹810 Cr (30-09-2026) | ₹1,158 Cr (30-09-2026) |
| NAV | ₹16.50 (Direct) | ₹21.67 (Direct) |
| Expense ratio (Direct) | 1.55% | 1.47% |
| Expense ratio (Regular) | 3.01% | 2.56% |
| Riskometer | 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 | 12-04-2023 | 29-12-2017 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sanjeev Sharma | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Exit load of 1%, if redeemed within 15 days. |
quant Dynamic Asset Allocation 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 |
|---|---|---|---|---|---|---|---|
| quant Dynamic Asset Allocation Fund (Direct) | −1.60% | −4.36% | −1.99% | −5.79% | +12.82% | -- | -- |
| 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.
quant Dynamic Asset Allocation vs Union Balanced Advantage: Year-wise Returns
| Year | quant Dynamic Asset Allocationquant Dynamic Asset Allocation | Union Balanced AdvantageUnion Balanced Advantage |
|---|---|---|
| 2026to date | −4.76% | −3.30% |
| 2025 | +5.25% | +7.02% |
| 2024 | +22.05% | +11.26% |
| 2023 | -- | +16.97% |
| 2022 | -- | +3.94% |
| 2021 | -- | +10.65% |
quant Dynamic Asset Allocation vs Union Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 136 of them, one for each trading day from 13-04-2026 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.
quant Dynamic Asset Allocation Fund (Direct)
Union Balanced Advantage Fund (Direct)
to
Apr 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| quant Dynamic Asset Allocation | 0.0 | 0.0 | 0.0 | 29.4 | 67.6 | 2.9 | 0.0 | 16.3% | 16.0% | 11.6% | 20.2% |
| Union Balanced Advantage | 0.0 | 0.0 | 89.7 | 10.3 | 0.0 | 0.0 | 0.0 | 9.1% | 9.2% | 7.0% | 11.0% |
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 13-04-2023. Past returns do not promise future returns.
quant Dynamic Asset Allocation 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 13-04-2023 to 30-10-2026: 43 instalments, ₹4,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| quant Dynamic Asset Allocationquant Dynamic Asset Allocation Fund (Direct) | ₹4,30,000 | ₹4,74,049 | ₹44,049 | 5.4% |
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹4,30,000 | ₹4,63,720 | ₹33,720 | 4.2% |
quant Dynamic Asset Allocationquant Dynamic Asset Allocation 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.
quant Dynamic Asset Allocation vs Union Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | quant Dynamic Asset Allocation Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.79% | −3.39% |
| Standard deviation | 13.13% | 9.82% |
| Sharpe ratio | -0.84 | -0.88 |
| Sortino ratio | -1.12 | -1.16 |
| Maximum drawdown | −13.2% (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 | quant Dynamic Asset Allocation Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.82% | +7.80% |
| Standard deviation | 13.98% | 8.65% |
| Sharpe ratio | 0.49 | 0.20 |
| Sortino ratio | 0.67 | 0.27 |
| Maximum drawdown | −18.4% (04-03-2025) | −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 | quant Dynamic Asset Allocation Fund (Direct) | Union Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.12% | +9.13% |
| Standard deviation | 13.66% | 9.54% |
| Sharpe ratio | 0.66 | 0.40 |
| Sortino ratio | 0.91 | 0.54 |
| Maximum drawdown | −18.4% (04-03-2025) | −23.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 13-04-2023 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.
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.
quant Dynamic Asset Allocation 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 |
|---|---|---|---|---|---|---|
| quant Dynamic Asset Allocation Fund (Direct) | −18.4% | 27-09-2024 | 04-03-2025 | Not yet | -- | −8.4% |
| Union Balanced Advantage Fund (Direct) | −8.9% | 18-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −4.7% |
From daily values since 13-04-2023, 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.
quant Dynamic Asset Allocation 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.
quant Dynamic Asset Allocation Fund (Direct)
Union Balanced Advantage Fund (Direct)
quant Dynamic Asset Allocation vs Union Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: quant Dynamic Asset Allocation Fund, September 2026; Union Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 5.3%
- Held by both
- 5
- Only in quant Dynamic Asset Allocation
- 19
- Only in Union Balanced Advantage
- 90
| Security | % of quant Dynamic Asset Allocation | % of Union Balanced Advantage |
|---|---|---|
| Bharti Airtel Limited | 9.59% | 2.89% |
| Reliance Industries Limited | 1.94% | 2.85% |
| Glaxosmithkline Pharmaceuticals Ltd | 2.82% | 0.36% |
| 91 Days Treasury Bill 24-Dec-2026 | 0.73% | 0.09% |
| Bharat Heavy Electricals Ltd | 0.00% | 0.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.3% means 5.3% 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 quant Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 20.54% |
| Aurobindo Pharma Limited | 10.25% |
| Adani Green Energy Limited | 9.50% |
| Adani Enterprises Limited | 9.45% |
| Indus Towers Limited | 9.21% |
Largest holdings only in Union Balanced Advantage Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.78% |
| ICICI Bank Ltd. | 3.90% |
| National Bank for Agriculture and Rural Development | 2.15% |
| Small Industries Development Bank of India | 2.12% |
| Indian Railway Finance Corporation Ltd. | 2.12% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | quant Dynamic Asset Allocation | Union Balanced Advantage |
|---|---|---|
| Equity | 59.5% | 74.3% |
| Debt | 28.3% | 22.1% |
| Cash and others | 12.2% | 3.6% |
Market cap of stocks
| Market cap | quant Dynamic Asset Allocation | Union Balanced Advantage |
|---|---|---|
| Large Cap | 40.1% | 41.5% |
| Mid Cap | 13.1% | 12.4% |
| Small Cap | 6.3% | 17.3% |
| Not on AMFI's list | 0.0% | 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 | quant Dynamic Asset Allocation | Union Balanced Advantage |
|---|---|---|
| N.A. | 59.5% | 0.0% |
| Banks | 0.0% | 16.3% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.6% |
| Finance | 0.0% | 4.8% |
| Auto Components | 0.0% | 4.1% |
| Capital Markets | 0.0% | 3.6% |
| Construction | 0.0% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
quant Dynamic Asset Allocation vs Union Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | quant Dynamic Asset Allocation Fund | Union Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.55% | 1.47% |
| Base expense ratio (Direct) | 0.77% | 0.96% |
| Total expense ratio (Regular) | 3.01% | 2.56% |
| Base expense ratio (Regular) | 2.01% | 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 quant Dynamic Asset Allocation with
quant Dynamic Asset Allocation Fund vs Union Balanced Advantage Fund: Frequently Asked Questions
What is the difference between quant Dynamic Asset Allocation Fund and Union Balanced Advantage Fund?
Both are Balanced Advantage funds, run by quant Mutual Fund and Union Mutual Fund. Their portfolios overlap 5.3%. quant Dynamic Asset Allocation Fund charges 1.55% a year and Union Balanced Advantage Fund 1.47%.
Which has given higher returns, quant Dynamic Asset Allocation Fund or Union Balanced Advantage Fund?
Over 1 year: quant Dynamic Asset Allocation Fund −5.79%, Union Balanced Advantage Fund −3.39%. Over 3 years: quant Dynamic Asset Allocation Fund +12.82% a year, Union Balanced Advantage Fund +7.80% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, quant Dynamic Asset Allocation Fund or Union Balanced Advantage Fund?
Union Balanced Advantage Fund charges less: 1.47% a year against 1.55%. These are the Direct plans' total expense ratios reported to AMFI.
How much do quant Dynamic Asset Allocation Fund and Union Balanced Advantage Fund overlap?
5.3%. They hold 5 of the same securities, the largest shared ones being BHARTIARTL, RELIANCE, GLAXO. From each fund's latest monthly portfolio.
Which is riskier, quant Dynamic Asset Allocation Fund or Union Balanced Advantage Fund?
On SEBI's riskometer, quant Dynamic Asset Allocation Fund is rated High and Union Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 13.98% and 8.65% a year.
Which is better for SIP, quant Dynamic Asset Allocation Fund or Union Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,80,465 in quant Dynamic Asset Allocation Fund (XIRR 1.8% a year) and ₹3,86,233 in Union Balanced Advantage Fund (XIRR 2.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both quant Dynamic Asset Allocation Fund and Union Balanced Advantage Fund?
Yes. 5.3% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages quant Dynamic Asset Allocation Fund and Union Balanced Advantage Fund?
quant Dynamic Asset Allocation Fund: Sandeep Tandon, Ankit Pande, Sameer Kate, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sanjeev Sharma. 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.