Union Balanced Advantage Fund vs Union Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Balanced Advantage Fund is a Balanced Advantage fund and Union Large & Midcap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Union Balanced Advantage Fund (Direct) returned 7.8% a year and Union Large & Midcap Fund (Direct) returned 12.4% a year. Union Balanced Advantage Fund charges 1.47% a year and Union Large & Midcap Fund 1.32% (Direct plans). Their portfolios overlap 42.1%: they hold 46 of the same securities.
Union Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
Union Large & Midcap Fund
Large & Mid Cap
- 3 year return
- 12.4%
- Expense ratio
- 1.32%
- NAV
- ₹28.14
Which is better, Union Balanced Advantage or Union Large & Midcap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Large & Midcap returned more over 5 years: 10.3% a year against 7.0%.
- Union Large & Midcap returned more over 3 years: 12.4% a year against 7.8%.
- Union Large & Midcap costs less: 1.32% a year against 1.47% (Direct plans).
- Union Balanced Advantage swung less over 3 years: a standard deviation of 8.6% a year against 15.3%.
- Union Balanced Advantage fell less in its worst fall since 13-12-2019: −23.8% against −35.6%.
- Union Balanced Advantage is the larger fund: ₹1,158 Cr against ₹969 Cr.
- Their portfolios overlap 42.1%: 46 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 Large & Midcap Fund |
|---|---|---|
| Fund house | Union Mutual Fund | Union Mutual Fund |
| Category | Balanced Advantage | Large & Mid Cap |
| AUM | ₹1,158 Cr (30-09-2026) | ₹969 Cr (30-09-2026) |
| NAV | ₹21.67 (Direct) | ₹28.14 (Direct) |
| Expense ratio (Direct) | 1.47% | 1.32% |
| Expense ratio (Regular) | 2.56% | 2.53% |
| 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 | Nifty LargeMidcap 250 TRI |
| Launch date | 29-12-2017 | 06-12-2019 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker | Vinod Malviya, Pratik Dharmshi |
| 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 Large & Midcap: 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 Large & Midcap Fund (Direct) | −1.54% | −2.90% | +2.96% | −0.74% | +12.37% | +10.31% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | -- |
Category average: the average of the 38 Balanced Advantage funds and the 36 Large & Mid Cap funds, same plan type.
Union Balanced Advantage vs Union Large & Midcap: Year-wise Returns
| Year | Balanced AdvantageUnion Balanced Advantage | Large & MidcapUnion Large & Midcap |
|---|---|---|
| 2026to date | −3.30% | −0.07% |
| 2025 | +7.02% | +3.57% |
| 2024 | +11.26% | +22.26% |
| 2023 | +16.97% | +28.33% |
| 2022 | +3.94% | −1.87% |
| 2021 | +10.65% | +40.05% |
Union Balanced Advantage vs Union Large & Midcap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Union Large & Midcap Fund
Rolling returns
Every 3-year holding period, 955 of them, one for each trading day from 13-12-2022 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 Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Apr 2023Dec 2020
to
Dec 2023Jul 2021
to
Jul 2024Mar 2022
to
Mar 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 | 0.0 | 0.0 | 23.0 | 71.2 | 5.2 | 0.5 | 0.0 | 11.4% | 11.2% | 7.0% | 22.0% | 0% |
| Union Large & Midcap | 0.0 | 0.0 | 0.0 | 16.9 | 45.5 | 26.7 | 10.9 | 18.9% | 18.3% | 11.0% | 33.3% | 6% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 0.0 | 8.1 | 42.0 | 33.6 | 16.3 | 20.7% | 20.0% | 10.1% | 36.1% | -- |
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 NIFTY LargeMidcap 250 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 13-12-2019. Past returns do not promise future returns.
Union Balanced Advantage vs Union Large & Midcap: 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 02-12-2019 to 30-10-2026: 83 instalments, ₹8,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹8,30,000 | ₹10,94,907 | ₹2,64,907 | 7.9% |
| Union Large & MidcapUnion Large & Midcap Fund (Direct) | ₹8,30,000 | ₹13,57,971 | ₹5,27,971 | 14.0% |
Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)
Union Large & MidcapUnion Large & Midcap 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 Large & Midcap: 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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.39% | −0.74% |
| Standard deviation | 9.82% | 15.51% |
| Sharpe ratio | -0.88 | -0.39 |
| Sortino ratio | -1.16 | -0.52 |
| Maximum drawdown | −8.9% (30-03-2026) | −12.6% (30-03-2026) |
| Beta | -- | 1.01 |
| Alpha | -- | +5.90% |
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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.80% | +12.37% |
| Standard deviation | 8.65% | 15.31% |
| Sharpe ratio | 0.20 | 0.41 |
| Sortino ratio | 0.27 | 0.55 |
| Maximum drawdown | −8.9% (30-03-2026) | −18.7% (28-02-2025) |
| Beta | -- | 1.01 |
| Alpha | -- | +0.82% |
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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.95% | +10.31% |
| Standard deviation | 7.50% | 14.63% |
| Sharpe ratio | 0.15 | 0.31 |
| Sortino ratio | 0.20 | 0.41 |
| Maximum drawdown | −8.9% (30-03-2026) | −19.6% (20-06-2022) |
| Beta | -- | 0.96 |
| Alpha | -- | −0.10% |
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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.13% | +16.18% |
| Standard deviation | 9.54% | 17.07% |
| Sharpe ratio | 0.40 | 0.65 |
| Sortino ratio | 0.54 | 0.85 |
| Maximum drawdown | −23.8% (23-03-2020) | −35.6% (23-03-2020) |
| Beta | -- | 0.96 |
| Alpha | -- | +0.71% |
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 Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 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) | −23.8% | 17-01-2020 | 23-03-2020 | 02-07-2020 | 3 months | −4.7% |
| Union Large & Midcap Fund (Direct) | −35.6% | 20-02-2020 | 23-03-2020 | 15-09-2020 | 6 months | −6.6% |
| NIFTY LargeMidcap 250 TRI | −37.8% | 24-01-2020 | 23-03-2020 | 05-11-2020 | 7 months | −8.6% |
From daily values since 13-12-2019, 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 Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 TRI
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 Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 TRI
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 Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Union Balanced Advantage Fund (Direct) | 53% | 46% | 10.08% |
| Union Large & Midcap Fund (Direct) | 96% | 92% | 5.18% |
From month-end values since 13-12-2019. 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 Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Union Balanced Advantage Fund, September 2026; Union Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 42.1%
- Held by both
- 46
- Only in Union Balanced Advantage
- 49
- Only in Union Large & Midcap
- 35
| Security | % of Union Balanced Advantage | % of Union Large & Midcap |
|---|---|---|
| ICICI Bank Ltd. | 3.90% | 4.84% |
| HDFC Bank Ltd. | 4.78% | 2.86% |
| Bharti Airtel Ltd. | 2.89% | 2.32% |
| Axis Bank Ltd. | 2.01% | 2.20% |
| Eternal Ltd. | 1.87% | 2.28% |
| Reliance Industries Ltd. | 2.85% | 1.50% |
| Shriram Finance Ltd. | 1.42% | 2.00% |
| State Bank of India | 2.02% | 1.19% |
| Gabriel India Ltd. | 1.80% | 1.05% |
| Larsen & Toubro Ltd. | 1.03% | 1.40% |
| Sai Life Sciences Ltd. | 1.02% | 1.51% |
| Cummins India Ltd. | 0.97% | 0.98% |
| Tata Consumer Products Ltd. | 0.97% | 0.96% |
| Multi Commodity Exchange of India Ltd. | 0.95% | 1.98% |
| Bharat Heavy Electricals Ltd. | 0.86% | 1.52% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.85% | 1.18% |
| Torrent Pharmaceuticals Ltd. | 0.85% | 1.37% |
| JSW Infrastructure Ltd. | 0.85% | 2.07% |
| The Phoenix Mills Ltd. | 0.84% | 1.74% |
| Ajanta Pharma Ltd. | 0.84% | 1.81% |
| Maruti Suzuki India Ltd. | 0.83% | 1.19% |
| RBL Bank Ltd. | 1.25% | 0.79% |
| Bajaj Finance Ltd. | 1.71% | 0.78% |
| Nippon Life India Asset Management Ltd. | 0.76% | 1.16% |
| Aditya Birla Capital Ltd. | 0.72% | 1.02% |
| One 97 Communications Ltd. | 0.71% | 2.49% |
| CG Power and Industrial Solutions Ltd. | 0.70% | 1.86% |
| Divi's Laboratories Ltd. | 0.70% | 1.58% |
| JSW Energy Ltd. | 0.69% | 1.65% |
| Aarti Industries Ltd. | 0.68% | 0.94% |
| Solar Industries India Ltd. | 0.66% | 1.84% |
| Jindal Steel Ltd. | 0.66% | 2.01% |
| GE Vernova T&D India Ltd. | 0.62% | 1.21% |
| Apar Industries Ltd. | 0.59% | 1.30% |
| Ujjivan Small Finance Bank Ltd. | 0.58% | 1.17% |
| Varun Beverages Ltd. | 0.52% | 0.94% |
| Infosys Ltd. | 1.30% | 0.51% |
| HDFC Life Insurance Company Ltd. | 0.59% | 0.51% |
| Shiprocket Ltd. | 0.65% | 0.50% |
| Mphasis Ltd. | 0.49% | 1.44% |
| Amber Enterprises India Ltd. | 0.39% | 0.90% |
| Persistent Systems Ltd. | 0.25% | 0.63% |
| Bharat Electronics Ltd. | 0.74% | 0.16% |
| LG Electronics India Ltd. | 0.15% | 1.53% |
| 91 Day Treasury Bills | 0.95% | 0.03% |
| 91 Day Treasury Bills | 0.09% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.1% means 42.1% 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 Large & Midcap Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 2.64% |
| UNO Minda Ltd. | 1.79% |
| Max Financial Services Ltd. | 1.70% |
| Fortis Healthcare Ltd. | 1.57% |
| The Federal Bank Ltd. | 1.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Balanced Advantage | Union Large & Midcap |
|---|---|---|
| Equity | 74.3% | 98.2% |
| Debt | 22.1% | 0.1% |
| Cash and others | 3.6% | 1.7% |
Market cap of stocks
| Market cap | Union Balanced Advantage | Union Large & Midcap |
|---|---|---|
| Large Cap | 41.5% | 44.0% |
| Mid Cap | 12.4% | 38.6% |
| Small Cap | 17.3% | 12.5% |
| Not on AMFI's list | 3.1% | 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 | Union Balanced Advantage | Union Large & Midcap |
|---|---|---|
| Banks | 16.3% | 14.6% |
| Pharmaceuticals & Biotechnology | 5.6% | 7.9% |
| Electrical Equipment | 2.8% | 6.7% |
| Auto Components | 4.1% | 6.2% |
| Chemicals & Petrochemicals | 2.0% | 5.4% |
| Retailing | 2.2% | 5.2% |
| Finance | 4.8% | 4.6% |
| Capital Markets | 3.6% | 4.5% |
| Construction | 3.1% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Union Balanced Advantage vs Union Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Balanced Advantage Fund | Union Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.47% | 1.32% |
| Base expense ratio (Direct) | 0.96% | 0.88% |
| Total expense ratio (Regular) | 2.56% | 2.53% |
| Base expense ratio (Regular) | 1.88% | 1.94% |
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 Large & Midcap Fund: Frequently Asked Questions
What is the difference between Union Balanced Advantage Fund and Union Large & Midcap Fund?
Union Balanced Advantage Fund is a Balanced Advantage fund, Union Large & Midcap Fund is a Large & Mid Cap fund, run by Union Mutual Fund. Their portfolios overlap 42.1%. Union Balanced Advantage Fund charges 1.47% a year and Union Large & Midcap Fund 1.32%.
Which has given higher returns, Union Balanced Advantage Fund or Union Large & Midcap Fund?
Over 1 year: Union Balanced Advantage Fund −3.39%, Union Large & Midcap Fund −0.74%. Over 3 years: Union Balanced Advantage Fund +7.80% a year, Union Large & Midcap Fund +12.37% a year. Over 5 years: Union Balanced Advantage Fund +6.95% a year, Union Large & Midcap Fund +10.31% 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 Large & Midcap Fund?
Union Large & Midcap Fund charges less: 1.32% 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 Large & Midcap Fund overlap?
42.1%. They hold 46 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Union Balanced Advantage Fund or Union Large & Midcap Fund?
On SEBI's riskometer, Union Balanced Advantage Fund is rated Very High and Union Large & Midcap Fund Very High. Over 3 years, the standard deviation of daily returns was 8.65% and 15.31% a year.
Which is better for SIP, Union Balanced Advantage Fund or Union Large & Midcap 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 ₹7,97,153 in Union Large & Midcap Fund (XIRR 10.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Union Balanced Advantage Fund and Union Large & Midcap Fund?
Yes. 42.1% 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 Large & Midcap Fund?
Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker. Union Large & Midcap Fund: Vinod Malviya, Pratik Dharmshi.
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.