Union Balanced Advantage Fund vs WhiteOak Capital Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, Union Balanced Advantage Fund (Direct) returned 7.8% a year and WhiteOak Capital Balanced Advantage Fund (Direct) returned 11.4% a year. Union Balanced Advantage Fund charges 1.47% a year and WhiteOak Capital Balanced Advantage Fund 0.84% (Direct plans). Their portfolios overlap 30.0%: they hold 35 of the same securities.
Union Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.47%
- NAV
- ₹21.67
WhiteOak Capital Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.4%
- Expense ratio
- 0.84%
- NAV
- ₹15.21
Which is better, Union Balanced Advantage or WhiteOak Capital 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.
- WhiteOak Capital Balanced Advantage returned more over 3 years: 11.4% a year against 7.8%.
- WhiteOak Capital Balanced Advantage returned more over 1 year: −0.6% against −3.4%.
- WhiteOak Capital Balanced Advantage costs less: 0.84% a year against 1.47% (Direct plans).
- WhiteOak Capital Balanced Advantage swung less over 3 years: a standard deviation of 8.3% a year against 8.6%.
- Union Balanced Advantage fell less in its worst fall since 13-02-2023: −8.9% against −9.6%.
- WhiteOak Capital Balanced Advantage is the larger fund: ₹2,256 Cr against ₹1,158 Cr.
- Their portfolios overlap 30.0%: 35 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 | WhiteOak Capital Balanced Advantage Fund |
|---|---|---|
| Fund house | Union Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹1,158 Cr (30-09-2026) | ₹2,256 Cr (30-09-2026) |
| NAV | ₹21.67 (Direct) | ₹15.21 (Direct) |
| Expense ratio (Direct) | 1.47% | 0.84% |
| Expense ratio (Regular) | 2.56% | 2.25% |
| 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 | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 29-12-2017 | 10-02-2023 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Nil |
Union Balanced Advantage vs WhiteOak Capital 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 |
|---|---|---|---|---|---|---|---|
| Union Balanced Advantage Fund (Direct) | −0.91% | −3.00% | −0.32% | −3.39% | +7.80% | +6.95% | -- |
| WhiteOak Capital Balanced Advantage Fund (Direct) | −0.45% | −2.43% | +2.18% | −0.57% | +11.37% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Union Balanced Advantage vs WhiteOak Capital Balanced Advantage: Year-wise Returns
| Year | UnionUnion Balanced Advantage | WhiteOak CapitalWhiteOak Capital Balanced Advantage |
|---|---|---|
| 2026to date | −3.30% | −0.97% |
| 2025 | +7.02% | +8.62% |
| 2024 | +11.26% | +18.70% |
| 2023 | +16.97% | -- |
| 2022 | +3.94% | -- |
| 2021 | +10.65% | -- |
Union Balanced Advantage vs WhiteOak Capital Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 174 of them, one for each trading day from 13-02-2026 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.
Union Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced Advantage Fund (Direct)
to
Mar 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Balanced Advantage | 0.0 | 0.0 | 77.6 | 22.4 | 0.0 | 0.0 | 0.0 | 9.4% | 9.4% | 7.0% | 12.1% |
| WhiteOak Capital Balanced Advantage | 0.0 | 0.0 | 0.0 | 94.3 | 5.7 | 0.0 | 0.0 | 12.8% | 12.7% | 10.7% | 15.5% |
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 13-02-2023. Past returns do not promise future returns.
Union Balanced Advantage vs WhiteOak Capital 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 01-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Balanced AdvantageUnion Balanced Advantage Fund (Direct) | ₹4,50,000 | ₹4,90,774 | ₹40,774 | 4.6% |
| WhiteOak Capital Balanced AdvantageWhiteOak Capital Balanced Advantage Fund (Direct) | ₹4,50,000 | ₹5,23,912 | ₹73,912 | 8.1% |
Union Balanced AdvantageUnion Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced AdvantageWhiteOak Capital 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.
Union Balanced Advantage vs WhiteOak Capital Balanced Advantage: 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) | WhiteOak Capital Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.39% | −0.57% |
| Standard deviation | 9.82% | 8.98% |
| Sharpe ratio | -0.88 | -0.65 |
| Sortino ratio | -1.16 | -0.87 |
| Maximum drawdown | −8.9% (30-03-2026) | −9.6% (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) | WhiteOak Capital Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.80% | +11.37% |
| Standard deviation | 8.65% | 8.34% |
| Sharpe ratio | 0.20 | 0.64 |
| Sortino ratio | 0.27 | 0.88 |
| Maximum drawdown | −8.9% (30-03-2026) | −9.6% (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) | WhiteOak Capital Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.13% | +12.11% |
| Standard deviation | 9.54% | 7.79% |
| Sharpe ratio | 0.40 | 0.76 |
| Sortino ratio | 0.54 | 1.06 |
| Maximum drawdown | −23.8% (23-03-2020) | −9.6% (30-03-2026) |
| 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)
WhiteOak Capital Balanced Advantage 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) | −8.9% | 18-02-2026 | 30-03-2026 | 03-08-2026 | 4 months | −4.7% |
| WhiteOak Capital Balanced Advantage Fund (Direct) | −9.6% | 20-11-2025 | 30-03-2026 | 06-07-2026 | 3 months | −4.2% |
From daily values since 13-02-2023, 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)
WhiteOak Capital 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.
Union Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced Advantage Fund (Direct)
Union Balanced Advantage vs WhiteOak Capital Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Union Balanced Advantage Fund, September 2026; WhiteOak Capital Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 30.0%
- Held by both
- 35
- Only in Union Balanced Advantage
- 60
- Only in WhiteOak Capital Balanced Advantage
- 105
| Security | % of Union Balanced Advantage | % of WhiteOak Capital Balanced Advantage |
|---|---|---|
| HDFC Bank Ltd. | 4.78% | 3.93% |
| ICICI Bank Ltd. | 3.90% | 6.97% |
| Bharti Airtel Ltd. | 2.89% | 2.87% |
| State Bank of India | 2.02% | 1.90% |
| Eternal Ltd. | 1.87% | 1.94% |
| Reliance Industries Ltd. | 2.85% | 1.75% |
| Kotak Mahindra Bank Ltd. | 1.28% | 1.88% |
| Axis Bank Ltd. | 2.01% | 0.96% |
| Torrent Pharmaceuticals Ltd. | 0.85% | 1.39% |
| Maruti Suzuki India Ltd. | 0.83% | 1.23% |
| Bharat Electronics Ltd. | 0.74% | 1.18% |
| Infosys Ltd. | 1.30% | 0.71% |
| Larsen & Toubro Ltd. | 1.03% | 0.71% |
| Small Industries Development Bank of India | 2.12% | 0.57% |
| Bajaj Finance Ltd. | 1.71% | 0.56% |
| Pidilite Industries Ltd. | 0.65% | 0.53% |
| Titan Company Ltd. | 0.52% | 1.35% |
| Divi's Laboratories Ltd. | 0.70% | 0.50% |
| Cummins India Ltd. | 0.97% | 0.48% |
| Sun Pharmaceutical Industries Ltd. | 0.77% | 0.44% |
| HCL Technologies Ltd. | 0.46% | 0.44% |
| CG Power and Industrial Solutions Ltd. | 0.70% | 0.42% |
| KRN Heat Exchanger and Refrigeration Ltd. | 0.69% | 0.38% |
| Oil India Ltd. | 0.35% | 0.50% |
| NTPC Ltd. | 0.31% | 0.53% |
| Bharat Heavy Electricals Ltd. | 0.86% | 0.30% |
| National Stock Exchange of India Ltd. | 0.30% | 0.49% |
| The Phoenix Mills Ltd. | 0.84% | 0.29% |
| Billionbrains Garage Ventures Ltd. | 0.95% | 0.27% |
| Solar Industries India Ltd. | 0.66% | 0.26% |
| Persistent Systems Ltd. | 0.25% | 0.76% |
| Ajanta Pharma Ltd. | 0.84% | 0.20% |
| PNB Housing Finance Ltd. | 0.97% | 0.16% |
| Manipal Health Enterprises Ltd | 0.70% | 0.12% |
| Clean Max Enviro Energy Solutions Ltd. | 1.30% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.0% means 30.0% 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% |
| Indian Railway Finance Corporation Ltd. | 2.12% |
| Punjab National Bank | 2.10% |
| Power Grid Corporation of India Ltd. | 2.08% |
| Gabriel India Ltd. | 1.80% |
Largest holdings only in WhiteOak Capital Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 2.82% |
| Nexus Select Trust - REIT | 2.71% |
| Nestle India Limited | 2.51% |
| Coforge Limited | 2.47% |
| Mahindra & Mahindra Limited | 1.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Balanced Advantage | WhiteOak Capital Balanced Advantage |
|---|---|---|
| Equity | 74.3% | 66.1% |
| Debt | 22.1% | 17.2% |
| Cash and others | 3.6% | 16.7% |
Market cap of stocks
| Market cap | Union Balanced Advantage | WhiteOak Capital Balanced Advantage |
|---|---|---|
| Large Cap | 41.5% | 45.8% |
| Mid Cap | 12.4% | 7.4% |
| Small Cap | 17.3% | 8.9% |
| Not on AMFI's list | 3.1% | 4.0% |
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 | WhiteOak Capital Balanced Advantage |
|---|---|---|
| Banks | 16.3% | 15.6% |
| IT - Software | 2.5% | 5.8% |
| Pharmaceuticals & Biotechnology | 5.6% | 4.3% |
| Finance | 4.8% | 3.6% |
| Auto Components | 4.1% | 0.3% |
| Capital Markets | 3.6% | 1.5% |
| Automobiles | 1.6% | 3.2% |
| Construction | 3.1% | 0.7% |
| Retailing | 2.2% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Union Balanced Advantage vs WhiteOak Capital Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Balanced Advantage Fund | WhiteOak Capital Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.47% | 0.84% |
| Base expense ratio (Direct) | 0.96% | 0.54% |
| Total expense ratio (Regular) | 2.56% | 2.25% |
| Base expense ratio (Regular) | 1.88% | 1.74% |
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 Union Balanced Advantage with
Compare WhiteOak Capital Balanced Advantage with
Union Balanced Advantage Fund vs WhiteOak Capital Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Union Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund?
Both are Balanced Advantage funds, run by Union Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 30.0%. Union Balanced Advantage Fund charges 1.47% a year and WhiteOak Capital Balanced Advantage Fund 0.84%.
Which has given higher returns, Union Balanced Advantage Fund or WhiteOak Capital Balanced Advantage Fund?
Over 1 year: Union Balanced Advantage Fund −3.39%, WhiteOak Capital Balanced Advantage Fund −0.57%. Over 3 years: Union Balanced Advantage Fund +7.80% a year, WhiteOak Capital Balanced Advantage Fund +11.37% 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 WhiteOak Capital Balanced Advantage Fund?
WhiteOak Capital Balanced Advantage Fund charges less: 0.84% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund overlap?
30.0%. They hold 35 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 WhiteOak Capital Balanced Advantage Fund?
On SEBI's riskometer, Union Balanced Advantage Fund is rated Very High and WhiteOak Capital Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 8.65% and 8.34% a year.
Which is better for SIP, Union Balanced Advantage Fund or WhiteOak Capital Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,86,233 in Union Balanced Advantage Fund (XIRR 2.7% a year) and ₹4,06,673 in WhiteOak Capital Balanced Advantage Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Union Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund?
Yes. 30.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Union Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund?
Union Balanced Advantage Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal, Vishal Thakker. WhiteOak Capital Balanced Advantage Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish 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.