Union Balanced Advantage Fund vs Union Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Balanced Advantage Fund is a Balanced Advantage fund and Union Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Union Balanced Advantage Fund (Direct) returned 7.8% a year and Union Equity Savings Fund (Direct) returned 6.6% a year. Union Balanced Advantage Fund charges 1.47% a year and Union Equity Savings Fund 2.11% (Direct plans). Their portfolios overlap 45.5%: they hold 63 of the same securities.
Union Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
Union Equity Savings Fund
Equity Savings
- 3 year return
- 6.6%
- Expense ratio
- 2.11%
- NAV
- ₹17.94
Which is better, Union Balanced Advantage or Union Equity Savings? 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 5 years: 7.0% a year against 5.7%.
- Union Balanced Advantage returned more over 3 years: 7.8% a year against 6.6%.
- Union Balanced Advantage costs less: 1.47% a year against 2.11% (Direct plans).
- Union Equity Savings swung less over 3 years: a standard deviation of 4.7% a year against 8.6%.
- Union Equity Savings fell less in its worst fall since 17-08-2018: −14.4% against −23.8%.
- Union Balanced Advantage is the larger fund: ₹1,158 Cr against ₹114 Cr.
- Their portfolios overlap 45.5%: 63 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 Equity Savings Fund |
|---|---|---|
| Fund house | Union Mutual Fund | Union Mutual Fund |
| Category | Balanced Advantage | Equity Savings |
| AUM | ₹1,158 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹21.67 (Direct) | ₹17.94 (Direct) |
| Expense ratio (Direct) | 1.47% | 2.11% |
| Expense ratio (Regular) | 2.56% | 2.60% |
| Riskometer | Very High | Moderately High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) # #Benchmark Disclaimer: The “Product” offered by “the issuer” is not s | CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited |
| Launch date | 29-12-2017 | 09-08-2018 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Exit load of 1%, if redeemed within 15 days. |
Union Balanced Advantage vs Union Equity Savings: 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 Equity Savings Fund (Direct) | −0.44% | −1.10% | +1.18% | +0.67% | +6.60% | +5.74% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 23 Equity Savings funds, same plan type.
Union Balanced Advantage vs Union Equity Savings: Year-wise Returns
| Year | Balanced AdvantageUnion Balanced Advantage | Equity SavingsUnion Equity Savings |
|---|---|---|
| 2026to date | −3.30% | +0.39% |
| 2025 | +7.02% | +5.49% |
| 2024 | +11.26% | +8.94% |
| 2023 | +16.97% | +12.03% |
| 2022 | +3.94% | +2.36% |
| 2021 | +10.65% | +9.35% |
Union Balanced Advantage vs Union Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,281 of them, one for each trading day from 17-08-2021 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.
Union Balanced Advantage Fund (Direct)
Union Equity Savings Fund (Direct)
to
Jan 2022Dec 2019
to
Dec 2022Oct 2020
to
Oct 2023Sept 2021
to
Sept 2024Jul 2022
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Balanced Advantage | 0.0 | 0.0 | 17.2 | 75.3 | 7.1 | 0.4 | 0.0 | 11.9% | 11.7% | 7.0% | 22.0% |
| Union Equity Savings | 0.0 | 0.0 | 89.4 | 10.6 | 0.0 | 0.0 | 0.0 | 8.5% | 8.4% | 6.3% | 12.7% |
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 17-08-2018. Past returns do not promise future returns.
Union Balanced Advantage vs Union Equity Savings: 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 01-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹9,90,000 | ₹14,23,537 | ₹4,33,537 | 8.6% |
| Union Equity SavingsUnion Equity Savings Fund (Direct) | ₹9,90,000 | ₹13,18,876 | ₹3,28,876 | 6.8% |
Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)
Union Equity SavingsUnion Equity Savings 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 Equity Savings: 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 Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.39% | +0.67% |
| Standard deviation | 9.82% | 5.27% |
| Sharpe ratio | -0.88 | -0.87 |
| Sortino ratio | -1.16 | -1.15 |
| Maximum drawdown | −8.9% (30-03-2026) | −4.5% (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 | Union Balanced Advantage Fund (Direct) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.80% | +6.60% |
| Standard deviation | 8.65% | 4.70% |
| Sharpe ratio | 0.20 | 0.12 |
| Sortino ratio | 0.27 | 0.16 |
| Maximum drawdown | −8.9% (30-03-2026) | −4.5% (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 | Union Balanced Advantage Fund (Direct) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.95% | +5.74% |
| Standard deviation | 7.50% | 4.59% |
| Sharpe ratio | 0.15 | -0.01 |
| Sortino ratio | 0.20 | -0.02 |
| Maximum drawdown | −8.9% (30-03-2026) | −5.8% (17-06-2022) |
| 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 | Union Balanced Advantage Fund (Direct) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.13% | +7.35% |
| Standard deviation | 9.54% | 5.70% |
| Sharpe ratio | 0.40 | 0.37 |
| Sortino ratio | 0.54 | 0.49 |
| Maximum drawdown | −23.8% (23-03-2020) | −14.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Union Balanced Advantage Fund (Direct) | −23.8% | 17-01-2020 | 23-03-2020 | 02-07-2020 | 3 months | −4.7% |
| Union Equity Savings Fund (Direct) | −14.4% | 19-02-2020 | 23-03-2020 | 13-07-2020 | 4 months | −2.1% |
From daily values since 17-08-2018, 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.
Union Balanced Advantage Fund (Direct)
Union Equity Savings 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.
Union Balanced Advantage Fund (Direct)
Union Equity Savings 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.
Union Balanced Advantage Fund (Direct)
Union Equity Savings Fund (Direct)
Union Balanced Advantage vs Union Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Union Balanced Advantage Fund, September 2026; Union Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 45.5%
- Held by both
- 63
- Only in Union Balanced Advantage
- 32
- Only in Union Equity Savings
- 18
| Security | % of Union Balanced Advantage | % of Union Equity Savings |
|---|---|---|
| HDFC Bank Ltd. | 4.78% | 4.85% |
| ICICI Bank Ltd. | 3.90% | 3.63% |
| Bharti Airtel Ltd. | 2.89% | 2.65% |
| Reliance Industries Ltd. | 2.85% | 2.33% |
| Axis Bank Ltd. | 2.01% | 2.18% |
| Bajaj Finance Ltd. | 1.71% | 3.04% |
| Kotak Mahindra Bank Ltd. | 1.28% | 2.37% |
| National Bank for Agriculture and Rural Development | 1.28% | 8.69% |
| State Bank of India | 2.02% | 1.18% |
| 91 Day Treasury Bills | 0.95% | 2.73% |
| Infosys Ltd. | 1.30% | 0.89% |
| Indian Railway Finance Corporation Ltd. | 0.84% | 4.26% |
| Engineers India Ltd. | 1.34% | 0.81% |
| Sai Life Sciences Ltd. | 1.02% | 0.70% |
| Dr. Lal Path labs Ltd. | 1.12% | 0.67% |
| One 97 Communications Ltd. | 0.71% | 0.65% |
| Shadowfax Technologies Ltd. | 0.88% | 0.64% |
| Patanjali Foods Ltd. | 0.64% | 4.81% |
| CG Power and Industrial Solutions Ltd. | 0.70% | 0.60% |
| Torrent Pharmaceuticals Ltd. | 0.85% | 0.58% |
| Ujjivan Small Finance Bank Ltd. | 0.58% | 0.86% |
| Maruti Suzuki India Ltd. | 0.83% | 0.57% |
| Tata Consumer Products Ltd. | 0.97% | 0.55% |
| Clean Max Enviro Energy Solutions Ltd. | 1.30% | 0.53% |
| Inventurus Knowledge Solutions Ltd. | 0.69% | 0.53% |
| Delhivery Ltd. | 0.53% | 0.58% |
| Ather Energy Ltd. | 0.80% | 0.52% |
| Solar Industries India Ltd. | 0.66% | 0.52% |
| RBL Bank Ltd. | 1.25% | 0.51% |
| Hindustan Unilever Ltd. | 0.75% | 0.51% |
| KRN Heat Exchanger and Refrigeration Ltd. | 0.69% | 0.49% |
| Gabriel India Ltd. | 1.80% | 0.48% |
| Eternal Ltd. | 1.87% | 0.47% |
| JSW Infrastructure Ltd. | 0.85% | 0.47% |
| Ajanta Pharma Ltd. | 0.84% | 0.47% |
| Dhoot Transmission Ltd. | 1.42% | 0.44% |
| Mphasis Ltd. | 0.49% | 0.44% |
| IndusInd Bank Ltd. | 0.44% | 0.50% |
| Cemindia Projects Ltd. | 0.74% | 0.43% |
| Varun Beverages Ltd. | 0.52% | 0.43% |
| Shriram Finance Ltd. | 1.42% | 0.42% |
| Larsen & Toubro Ltd. | 1.03% | 0.40% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.85% | 0.40% |
| Aarti Industries Ltd. | 0.68% | 0.39% |
| Bharat Heavy Electricals Ltd. | 0.86% | 0.38% |
| Nippon Life India Asset Management Ltd. | 0.76% | 0.37% |
| Manipal Health Enterprises Ltd | 0.70% | 0.34% |
| Godrej Properties Ltd. | 0.57% | 0.33% |
| IPCA Laboratories Ltd. | 0.86% | 0.32% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.36% | 0.32% |
| Oil India Ltd. | 0.35% | 0.32% |
| NTPC Ltd. | 0.31% | 2.65% |
| Trent Ltd. | 0.31% | 0.56% |
| Gokaldas Exports Ltd. | 0.52% | 0.30% |
| JSW Energy Ltd. | 0.69% | 0.29% |
| Sun Pharmaceutical Industries Ltd. | 0.77% | 0.27% |
| Ultratech Cement Ltd. | 0.68% | 0.27% |
| Billionbrains Garage Ventures Ltd. | 0.95% | 0.25% |
| Bharat Electronics Ltd. | 0.74% | 0.22% |
| Jindal Steel Ltd. | 0.66% | 0.18% |
| E2E Networks Ltd. | 0.49% | 0.17% |
| Wockhardt Ltd. | 0.19% | 0.13% |
| 91 Day Treasury Bills | 0.09% | 2.81% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.5% means 45.5% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| 91 Day Treasury Bills | 4.37% |
| Indus Towers Ltd. | 3.69% |
| Small Industries Development Bank of India | 3.44% |
| KEI Industries Ltd. | 2.54% |
| Glenmark Pharmaceuticals Ltd. | 1.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Balanced Advantage | Union Equity Savings |
|---|---|---|
| Equity | 74.3% | 69.5% |
| Debt | 22.1% | 26.3% |
| Cash and others | 3.6% | 4.2% |
Market cap of stocks
| Market cap | Union Balanced Advantage | Union Equity Savings |
|---|---|---|
| Large Cap | 41.5% | 42.8% |
| Mid Cap | 12.4% | 14.4% |
| Small Cap | 17.3% | 11.5% |
| Not on AMFI's list | 3.1% | 0.8% |
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 Equity Savings |
|---|---|---|
| Banks | 16.3% | 16.4% |
| Telecom - Services | 2.9% | 6.3% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.4% |
| Agricultural Food & other Products | 1.6% | 5.4% |
| Finance | 4.8% | 3.5% |
| Auto Components | 4.1% | 1.3% |
| Capital Markets | 3.6% | 0.6% |
| Power | 2.3% | 3.5% |
| Construction | 3.1% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
Union Balanced Advantage vs Union Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Balanced Advantage Fund | Union Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.47% | 2.11% |
| Base expense ratio (Direct) | 0.96% | 1.25% |
| Total expense ratio (Regular) | 2.56% | 2.60% |
| Base expense ratio (Regular) | 1.88% | 1.66% |
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
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Union Balanced Advantage Fund vs Union Equity Savings Fund: Frequently Asked Questions
What is the difference between Union Balanced Advantage Fund and Union Equity Savings Fund?
Union Balanced Advantage Fund is a Balanced Advantage fund, Union Equity Savings Fund is an Equity Savings fund, run by Union Mutual Fund. Their portfolios overlap 45.5%. Union Balanced Advantage Fund charges 1.47% a year and Union Equity Savings Fund 2.11%.
Which has given higher returns, Union Balanced Advantage Fund or Union Equity Savings Fund?
Over 1 year: Union Balanced Advantage Fund −3.39%, Union Equity Savings Fund +0.67%. Over 3 years: Union Balanced Advantage Fund +7.80% a year, Union Equity Savings Fund +6.60% a year. Over 5 years: Union Balanced Advantage Fund +6.95% a year, Union Equity Savings Fund +5.74% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Union Balanced Advantage Fund or Union Equity Savings Fund?
Union Balanced Advantage Fund charges less: 1.47% a year against 2.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Balanced Advantage Fund and Union Equity Savings Fund overlap?
45.5%. They hold 63 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Union Balanced Advantage Fund or Union Equity Savings Fund?
On SEBI's riskometer, Union Balanced Advantage Fund is rated Very High and Union Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 8.65% and 4.70% a year.
Which is better for SIP, Union Balanced Advantage Fund or Union Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,13,759 in Union Balanced Advantage Fund (XIRR 6.1% a year) and ₹7,05,439 in Union Equity Savings Fund (XIRR 5.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Union Balanced Advantage Fund and Union Equity Savings Fund?
Yes. 45.5% 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 Equity Savings Fund?
Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker. Union Equity Savings Fund: Sanjay Bembalkar, Gaurav Chopra, 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.