Union Balanced Advantage Fund vs Union Children's Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Balanced Advantage Fund is a Balanced Advantage fund and Union Children's Fund is a Solution fund. In the year to 30-10-2026, Union Balanced Advantage Fund (Direct) returned −3.4% and Union Children's Fund (Direct) returned −5.7%. Union Balanced Advantage Fund charges 1.47% a year and Union Children's Fund 1.45% (Direct plans). Their portfolios overlap 43.2%: they hold 42 of the same securities.
Union Balanced Advantage Fund
Balanced Advantage
- 1 year return
- −3.4%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
Which is better, Union Balanced Advantage or Union Children's? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Balanced Advantage returned more over 1 year: −3.4% against −5.7%.
- Union Children's costs less: 1.45% a year against 1.47% (Direct plans).
- Union Balanced Advantage fell less in its worst fall since 21-12-2023: −8.9% against −17.4%.
- Union Balanced Advantage is the larger fund: ₹1,158 Cr against ₹91 Cr.
- Their portfolios overlap 43.2%: 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 | Union Balanced Advantage Fund | Union Children's Fund |
|---|---|---|
| Fund house | Union Mutual Fund | Union Mutual Fund |
| Category | Balanced Advantage | Solution |
| AUM | ₹1,158 Cr (30-09-2026) | ₹91 Cr (30-09-2026) |
| NAV | ₹21.67 (Direct) | ₹12.41 (Direct) |
| Expense ratio (Direct) | 1.47% | 1.45% |
| Expense ratio (Regular) | 2.56% | 2.60% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) # #Benchmark Disclaimer: The “Product” offered by “the issuer” is not s | BSE 500 TRI |
| Launch date | 29-12-2017 | 19-12-2023 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | 5 years, or until the child turns 18 if earlier |
| Fund managers | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker | Gaurav Chopra, Vinod Malviya, Parijat Agrawal |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Nil |
Union Balanced Advantage vs Union Children's: 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 |
|---|---|---|---|---|---|---|---|
| Union Balanced Advantage Fund (Direct) | −0.91% | −3.00% | −0.32% | −3.39% | +7.80% | +6.95% | -- |
| Union Children's Fund (Direct) | −2.59% | −5.41% | −1.04% | −5.70% | -- | -- | -- |
| 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.
Union Balanced Advantage vs Union Children's: Year-wise Returns
| Year | Balanced AdvantageUnion Balanced Advantage | Children'sUnion Children's |
|---|---|---|
| 2026to date | −3.30% | −4.90% |
| 2025 | +7.02% | +6.53% |
| 2024 | +11.26% | +21.29% |
| 2023 | +16.97% | -- |
| 2022 | +3.94% | -- |
| 2021 | +10.65% | -- |
Union Balanced Advantage vs Union Children's: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Union Children's Fund
Rolling returns
Every 1-year holding period, 457 of them, one for each trading day from 23-12-2024 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.
Union Balanced Advantage Fund (Direct)
Union Children's Fund (Direct)
BSE 500 TRI
to
Feb 2025Jun 2024
to
Jun 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026May 2025
to
May 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Balanced Advantage | 5.5 | 45.7 | 42.0 | 6.8 | 0.0 | 0.0 | 0.0 | 5.0% | 4.9% | −5.2% | 12.9% | 68% |
| Union Children's | 7.4 | 33.3 | 35.2 | 17.3 | 4.6 | 2.2 | 0.0 | 6.8% | 6.9% | −7.4% | 23.8% | 94% |
| BSE 500 TRI | 26.7 | 31.1 | 31.5 | 7.7 | 3.1 | 0.0 | 0.0 | 3.9% | 3.5% | −9.2% | 18.2% | -- |
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 500 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 21-12-2023. Past returns do not promise future returns.
Union Balanced Advantage vs Union Children's: 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 01-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹3,50,000 | ₹3,61,259 | ₹11,259 | 2.1% |
| Union Children'sUnion Children's Fund (Direct) | ₹3,50,000 | ₹3,62,458 | ₹12,458 | 2.4% |
Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)
Union Children'sUnion Children's 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.
Union Balanced Advantage vs Union Children's: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Union Balanced Advantage Fund (Direct) | Union Children's Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.39% | −5.70% |
| Standard deviation | 9.82% | 15.40% |
| Sharpe ratio | -0.88 | -0.71 |
| Sortino ratio | -1.16 | -0.95 |
| Maximum drawdown | −8.9% (30-03-2026) | −13.9% (23-03-2026) |
| Beta | -- | 1.04 |
| Alpha | -- | +2.47% |
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 | Union Balanced Advantage Fund (Direct) | Union Children's Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.13% | +7.96% |
| Standard deviation | 9.54% | 14.54% |
| Sharpe ratio | 0.40 | 0.14 |
| Sortino ratio | 0.54 | 0.18 |
| Maximum drawdown | −23.8% (23-03-2020) | −17.4% (03-03-2025) |
| Beta | -- | 0.98 |
| Alpha | -- | +2.04% |
From daily NAVs, 05-01-2018 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.
Union Balanced Advantage Fund (Direct)
Union Children's Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Union Balanced Advantage Fund (Direct) | −8.9% | 18-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −4.7% |
| Union Children's Fund (Direct) | −17.4% | 23-09-2024 | 03-03-2025 | 16-09-2025 | 6 months | −8.6% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 21-12-2023, 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.
Union Balanced Advantage Fund (Direct)
Union Children's Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Union Balanced Advantage Fund (Direct) | 64% | 54% | 6.74% |
| Union Children's Fund (Direct) | 104% | 91% | 3.73% |
From month-end values since 21-12-2023. 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.
Union Balanced Advantage vs Union Children's: Portfolio Overlap
From each fund's latest monthly portfolio: Union Balanced Advantage Fund, September 2026; Union Children's Fund, September 2026
Holdings in common
- Overlap
- 43.2%
- Held by both
- 42
- Only in Union Balanced Advantage
- 53
- Only in Union Children's
- 29
| Security | % of Union Balanced Advantage | % of Union Children's |
|---|---|---|
| HDFC Bank Ltd. | 4.78% | 3.57% |
| ICICI Bank Ltd. | 3.90% | 3.42% |
| Reliance Industries Ltd. | 2.85% | 2.85% |
| Bharti Airtel Ltd. | 2.89% | 2.41% |
| Axis Bank Ltd. | 2.01% | 4.09% |
| State Bank of India | 2.02% | 1.80% |
| Gabriel India Ltd. | 1.80% | 1.96% |
| Shriram Finance Ltd. | 1.42% | 1.74% |
| Kotak Mahindra Bank Ltd. | 1.28% | 1.40% |
| RBL Bank Ltd. | 1.25% | 1.82% |
| Infosys Ltd. | 1.30% | 1.14% |
| Larsen & Toubro Ltd. | 1.03% | 1.27% |
| Sai Life Sciences Ltd. | 1.02% | 1.46% |
| IPCA Laboratories Ltd. | 0.86% | 2.27% |
| Bharat Heavy Electricals Ltd. | 0.86% | 1.40% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.85% | 1.33% |
| JSW Infrastructure Ltd. | 0.85% | 1.04% |
| The Phoenix Mills Ltd. | 0.84% | 1.09% |
| Ajanta Pharma Ltd. | 0.84% | 2.46% |
| Maruti Suzuki India Ltd. | 0.83% | 0.87% |
| Bajaj Finance Ltd. | 1.71% | 0.82% |
| Nippon Life India Asset Management Ltd. | 0.76% | 1.69% |
| Hindustan Unilever Ltd. | 0.75% | 1.03% |
| One 97 Communications Ltd. | 0.71% | 2.64% |
| CG Power and Industrial Solutions Ltd. | 0.70% | 1.32% |
| Inventurus Knowledge Solutions Ltd. | 0.69% | 1.44% |
| JSW Energy Ltd. | 0.69% | 1.80% |
| Aarti Industries Ltd. | 0.68% | 1.66% |
| Billionbrains Garage Ventures Ltd. | 0.95% | 0.67% |
| Solar Industries India Ltd. | 0.66% | 0.95% |
| Jindal Steel Ltd. | 0.66% | 1.18% |
| GE Vernova T&D India Ltd. | 0.62% | 1.16% |
| HDFC Life Insurance Company Ltd. | 0.59% | 0.78% |
| Ujjivan Small Finance Bank Ltd. | 0.58% | 1.80% |
| Delhivery Ltd. | 0.53% | 0.56% |
| Gokaldas Exports Ltd. | 0.52% | 1.45% |
| Titan Company Ltd. | 0.52% | 0.52% |
| Mphasis Ltd. | 0.49% | 1.77% |
| Amber Enterprises India Ltd. | 0.39% | 1.41% |
| LG Electronics India Ltd. | 0.15% | 1.21% |
| 91 Day Treasury Bills | 0.09% | 0.06% |
| 91 Day Treasury Bills | 0.95% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.2% means 43.2% 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 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% |
Largest holdings only in Union Children's Fund
| Security | % of fund |
|---|---|
| Aether Industries Ltd. | 2.09% |
| S.J.S. Enterprises Ltd. | 1.78% |
| Max Financial Services Ltd. | 1.54% |
| Fortis Healthcare Ltd. | 1.51% |
| Mahindra & Mahindra Ltd. | 1.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Balanced Advantage | Union Children's |
|---|---|---|
| Equity | 74.3% | 96.0% |
| Debt | 22.1% | 0.1% |
| Cash and others | 3.6% | 3.9% |
Market cap of stocks
| Market cap | Union Balanced Advantage | Union Children's |
|---|---|---|
| Large Cap | 41.5% | 37.1% |
| Mid Cap | 12.4% | 29.4% |
| Small Cap | 17.3% | 29.4% |
| Not on AMFI's list | 3.1% | 0.0% |
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 | Union Balanced Advantage | Union Children's |
|---|---|---|
| Banks | 16.3% | 20.6% |
| Pharmaceuticals & Biotechnology | 5.6% | 7.3% |
| Auto Components | 4.1% | 6.3% |
| Chemicals & Petrochemicals | 2.0% | 6.0% |
| Electrical Equipment | 2.8% | 5.3% |
| Finance | 4.8% | 3.5% |
| Consumer Durables | 1.1% | 4.7% |
| Capital Markets | 3.6% | 2.4% |
| Construction | 3.1% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
Union Balanced Advantage vs Union Children's: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Balanced Advantage Fund | Union Children's Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.47% | 1.45% |
| Base expense ratio (Direct) | 0.96% | 1.11% |
| Total expense ratio (Regular) | 2.56% | 2.60% |
| Base expense ratio (Regular) | 1.88% | 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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Union Balanced Advantage Fund vs Union Children's Fund: Frequently Asked Questions
What is the difference between Union Balanced Advantage Fund and Union Children's Fund?
Union Balanced Advantage Fund is a Balanced Advantage fund, Union Children's Fund is a Solution fund, run by Union Mutual Fund. Their portfolios overlap 43.2%. Union Balanced Advantage Fund charges 1.47% a year and Union Children's Fund 1.45%.
Which has given higher returns, Union Balanced Advantage Fund or Union Children's Fund?
Over 1 year: Union Balanced Advantage Fund −3.39%, Union Children's Fund −5.70%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Union Balanced Advantage Fund or Union Children's Fund?
Union Children's Fund charges less: 1.45% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Balanced Advantage Fund and Union Children's Fund overlap?
43.2%. 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, Union Balanced Advantage Fund or Union Children's Fund?
On SEBI's riskometer, Union Balanced Advantage Fund is rated Very High and Union Children's Fund Very High. Over 1 years, the standard deviation of daily returns was 9.82% and 15.40% a year.
Can I invest in both Union Balanced Advantage Fund and Union Children's Fund?
Yes. 43.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Union Balanced Advantage Fund and Union Children's Fund?
Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker. Union Children's Fund: Gaurav Chopra, Vinod Malviya, Parijat Agrawal.
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.