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    Union Balanced Advantage Fund vs Union Flexi Cap Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Union Balanced Advantage Fund is a Balanced Advantage fund and Union Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, Union Balanced Advantage Fund (Direct) returned 7.8% a year and Union Flexi Cap Fund (Direct) returned 10.7% a year. Union Balanced Advantage Fund charges 1.47% a year and Union Flexi Cap Fund 1.52% (Direct plans). Their portfolios overlap 54.8%: they hold 57 of the same securities.

    Union Balanced Advantage Fund

    Balanced Advantage

    3 year return
    7.8%
    Expense ratio
    1.47%
    NAV
    ₹21.67
    See Union Balanced Advantage Fund

    Union Flexi Cap Fund

    Flexi Cap

    3 year return
    10.7%
    Expense ratio
    1.52%
    NAV
    ₹56.71
    See Union Flexi Cap Fund

    Which is better, Union Balanced Advantage or Union Flexi Cap? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • Union Flexi Cap returned more over 5 years: 9.2% a year against 7.0%.
    • Union Flexi Cap returned more over 3 years: 10.7% a year against 7.8%.
    • Union Balanced Advantage costs less: 1.47% a year against 1.52% (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 05-01-2018: −23.8% against −35.4%.
    • Union Flexi Cap holds more in large companies: 51.7% of the fund in large caps against 41.5%.
    • Union Flexi Cap is the larger fund: ₹2,320 Cr against ₹1,158 Cr.
    • Their portfolios overlap 54.8%: 57 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

    FactUnion Balanced Advantage FundUnion Flexi Cap Fund
    Fund houseUnion Mutual FundUnion Mutual Fund
    CategoryBalanced AdvantageFlexi Cap
    AUM₹1,158 Cr (30-09-2026)₹2,320 Cr (30-09-2026)
    NAV₹21.67 (Direct)₹56.71 (Direct)
    Expense ratio (Direct)1.47%1.52%
    Expense ratio (Regular)2.56%2.54%
    RiskometerVery HighVery High
    BenchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index (TRI) # #Benchmark Disclaimer: The “Product” offered by “the issuer” is not sBSE 500 TRI
    Launch date29-12-201710-06-2011
    Minimum investment₹1,000₹1,000
    Lock inNoneNone
    Fund managersSanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal ThakkerSanjay Bembalkar, Vinod Malviya
    Exit loadExit load of 1%, if redeemed within 15 days.Exit load of 1%, if redeemed within 15 days.

    Union Balanced Advantage vs Union Flexi Cap: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Union Balanced Advantage Fund (Direct)−0.91%−3.00%−0.32%−3.39%+7.80%+6.95%--
    Union Flexi Cap Fund (Direct)−0.61%−2.79%+1.78%−3.32%+10.74%+9.20%+12.83%
    Balanced Advantage average−0.55%−2.88%+0.08%−2.08%+9.14%+8.35%--
    Flexi Cap average−1.62%−4.17%+1.00%−3.58%+12.37%+10.04%+13.13%

    Category average: the average of the 38 Balanced Advantage funds and the 46 Flexi Cap funds, same plan type.

    Union Balanced Advantage vs Union Flexi Cap: Year-wise Returns

    YearBalanced AdvantageUnion Balanced AdvantageFlexi CapUnion Flexi Cap
    2026to date−3.30%−2.66%
    2025+7.02%+4.17%
    2024+11.26%+18.20%
    2023+16.97%+28.97%
    2022+3.94%+0.05%
    2021+10.65%+38.27%

    Union Balanced Advantage vs Union Flexi Cap: Rolling Returns

    Every holding period of both funds, against BSE 500 TRI, the benchmark of Union Flexi Cap Fund

    Rolling returns

    Every 3-year holding period, 1,433 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.

    0%5%10%15%20%25%30%
    Jun 2018
    to
    Jun 2021    Jun 2019
    to
    Jun 2022    Jun 2020
    to
    Jun 2023    Jun 2021
    to
    Jun 2024    Jun 2022
    to
    Jun 2025    May 2023
    to
    May 2026
    Union Balanced Advantage Fund (Direct)Union Flexi Cap Fund (Direct)BSE 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Union Balanced Advantage0.00.015.477.96.40.30.012.0%11.9%7.0%22.0%5%
    Union Flexi Cap0.00.00.621.842.725.89.118.5%18.0%8.5%33.4%82%
    BSE 500 TRI0.00.03.025.845.819.26.117.5%17.1%6.3%33.9%--

    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 05-01-2018. Past returns do not promise future returns.

    Union Balanced Advantage vs Union Flexi Cap: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 05-01-2018 to 30-10-2026: 106 instalments, ₹10,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) ₹10,60,000 ₹15,74,761 ₹5,14,761 8.7%
    Union Flexi CapUnion Flexi Cap Fund (Direct) ₹10,60,000 ₹19,54,479 ₹8,94,479 13.4%
    ₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L
    20192020202120222023202420252026
    Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)Union Flexi CapUnion Flexi Cap 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 Flexi Cap: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureUnion Balanced Advantage Fund (Direct)Union Flexi Cap Fund (Direct)
    Return (CAGR)+7.80%+10.74%
    Standard deviation8.65%14.00%
    Sharpe ratio0.200.34
    Sortino ratio0.270.45
    Maximum drawdown−8.9% (30-03-2026)−17.3% (28-02-2025)
    Beta--0.96
    Alpha--+0.98%

    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.

    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.

    −40%−30%−20%−10%0%
    20192020202120222023202420252026
    Union Balanced Advantage Fund (Direct)Union Flexi Cap Fund (Direct)BSE 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Union Balanced Advantage Fund (Direct)−23.8%17-01-202023-03-202002-07-20203 months−4.7%
    Union Flexi Cap Fund (Direct)−35.4%19-02-202023-03-202016-09-20206 months−5.9%
    BSE 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−9.4%

    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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    20222023202420252026
    Union Balanced Advantage Fund (Direct)Union Flexi Cap Fund (Direct)BSE 500 TRI

    Against BSE 500 TRI

    FundUp captureDown captureTracking error
    Union Balanced Advantage Fund (Direct)56%40%9.20%
    Union Flexi Cap Fund (Direct)96%86%3.78%

    From month-end values since 05-01-2018. 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 Flexi Cap: Portfolio Overlap

    From each fund's latest monthly portfolio: Union Balanced Advantage Fund, September 2026; Union Flexi Cap Fund, September 2026

    Holdings in common

    Overlap
    54.8%
    Held by both
    57
    Only in Union Balanced Advantage
    38
    Only in Union Flexi Cap
    18
    Security% of Union Balanced Advantage% of Union Flexi Cap
    HDFC Bank Ltd.4.78%4.51%
    ICICI Bank Ltd.3.90%6.32%
    Bharti Airtel Ltd.2.89%2.61%
    State Bank of India2.02%3.35%
    Axis Bank Ltd.2.01%3.65%
    Eternal Ltd.1.87%2.21%
    Gabriel India Ltd.1.80%1.97%
    Bajaj Finance Ltd.1.71%2.19%
    Reliance Industries Ltd.2.85%1.43%
    Dhoot Transmission Ltd.1.42%1.28%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.8% means 54.8% 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 Development2.15%
    Small Industries Development Bank of India2.12%
    Indian Railway Finance Corporation Ltd.2.12%
    Punjab National Bank2.10%
    Power Grid Corporation of India Ltd.2.08%

    Largest holdings only in Union Flexi Cap Fund

    Security% of fund
    Cholamandalam Investment & Finance Co. Ltd.1.61%
    Navin Fluorine International Ltd.1.35%
    Coforge Ltd.1.21%
    ICICI Prudential Asset Management Company Ltd.1.20%
    Honasa Consumer Ltd.1.02%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetUnion Balanced AdvantageUnion Flexi Cap
    Equity74.3%95.0%
    Debt22.1%0.1%
    Cash and others3.6%4.9%

    Market cap of stocks

    Market capUnion Balanced AdvantageUnion Flexi Cap
    Large Cap41.5%51.7%
    Mid Cap12.4%12.5%
    Small Cap17.3%26.4%
    Not on AMFI's list3.1%4.5%

    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

    SectorUnion Balanced AdvantageUnion Flexi Cap
    Banks16.3%20.5%
    Pharmaceuticals & Biotechnology5.6%10.1%
    Finance4.8%5.9%
    IT - Software2.5%4.8%
    Auto Components4.1%4.7%
    Retailing2.2%3.9%
    Capital Markets3.6%3.2%
    Construction3.1%3.3%

    The six largest sectors of each fund's stocks, % of the fund.

    Union Balanced Advantage vs Union Flexi Cap: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeUnion Balanced Advantage FundUnion Flexi Cap Fund
    Total expense ratio (Direct)1.47%1.52%
    Base expense ratio (Direct)0.96%0.85%
    Total expense ratio (Regular)2.56%2.54%
    Base expense ratio (Regular)1.88%1.73%

    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

    Union Balanced Advantage Fund vs Union Flexi Cap Fund: Frequently Asked Questions

    What is the difference between Union Balanced Advantage Fund and Union Flexi Cap Fund?

    Union Balanced Advantage Fund is a Balanced Advantage fund, Union Flexi Cap Fund is a Flexi Cap fund, run by Union Mutual Fund. Their portfolios overlap 54.8%. Union Balanced Advantage Fund charges 1.47% a year and Union Flexi Cap Fund 1.52%.

    Which has given higher returns, Union Balanced Advantage Fund or Union Flexi Cap Fund?

    Over 1 year: Union Balanced Advantage Fund −3.39%, Union Flexi Cap Fund −3.32%. Over 3 years: Union Balanced Advantage Fund +7.80% a year, Union Flexi Cap Fund +10.74% a year. Over 5 years: Union Balanced Advantage Fund +6.95% a year, Union Flexi Cap Fund +9.20% 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 Flexi Cap Fund?

    Union Balanced Advantage Fund charges less: 1.47% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Union Balanced Advantage Fund and Union Flexi Cap Fund overlap?

    54.8%. They hold 57 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 Flexi Cap Fund?

    On SEBI's riskometer, Union Balanced Advantage Fund is rated Very High and Union Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 8.65% and 14.00% a year.

    Which is better for SIP, Union Balanced Advantage Fund or Union Flexi Cap 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 ₹7,68,424 in Union Flexi Cap Fund (XIRR 9.0% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Union Balanced Advantage Fund and Union Flexi Cap Fund?

    Yes. 54.8% 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 Flexi Cap Fund?

    Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker. Union Flexi Cap Fund: Sanjay Bembalkar, Vinod Malviya.

    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.

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