HYBRID
Unifi Balanced Advantage Fund
Predominantly debt hybrid fund with equity enhanced yields
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- Direct
- Regular
0.50%
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- Performance
- Fund Facts
- Fund Specs
- Holdings
- Documents
- Fund managers
Performance
As on 30 Aug 2024As on 30 Sep 2024- Graph
- SEBI format table
Historical Returns (As per SEBI format)
| Unifi Balanced Advantage Fund | BSE 250 Small Cap TRI ^ | BSE 250 Small Cap TRI # | ||||
|---|---|---|---|---|---|---|
| CAGR | Current Value | CAGR | Current Value | CAGR | Current Value | |
| 1 Year | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 |
| 3 Year | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 |
| 5 Year | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 |
| since Inception | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 | 37.3% | ₹ 13,742 |
| NAV / Index Value | ₹ 166.40 | ₹ 7,731 | ₹ 7,731 | |||
Date of allotment: Jun 15, 2024.
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement
Different plans shall have a different expense structure. The performance details provided herein are of Direct Plan.
Since inception returns have been calculated from the date of allotment till August 30, 2024
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments
Rolling returns have been calculated based on returns from regular plan growth option.
^ Fund Benchmark # Additional Benchmark
Scheme DisclaimerFund Facts
As on 30 Aug 2024As on 30 Sep 2024This is an open ended hybrid fund that dynamically changes asset allocation.
- Scheme Code UMF/O/H/BAF/24/01/0006
- Inception Date 27 May 2024
- Allotment Date 15 June 2024
- Ideal Holding Period 2 Years+
Minimum
- Lumpsum Minimum ₹50,000
- SIP Minimum Minimum Instalments - 6 Months ₹1,000
- Additional Purchase ₹1,000
- Upto 12 months20% is free of charge, while the remaining 80% incurs the mentioned fees 2%
- Upto 2 years20% is free of charge, while the remaining 80% incurs the mentioned fees 1%
- Direct 0.92%
- Regular 1.39%
This is an open ended hybrid fund that dynamically changes asset allocation.
- Scheme Code UMF/O/H/BAF/24/01/0006
- Inception Date 27 May 2024
- Allotment Date 15 June 2024
- Ideal Holding Period 2 Years+
Minimum
- Lumpsum Minimum ₹50,000
- SIP Minimum Minimum Instalments - 6 Months ₹1,000
- Additional Purchase ₹1,000
- Upto 12 months20% is free of charge, while the remaining 80% incurs the mentioned fees 2%
- Upto 2 years20% is free of charge, while the remaining 80% incurs the mentioned fees 1%
- Direct 0.92%
- Regular 1.39%
Fund Specs
As on 30 Aug 2024As on 30 Sep 2024- Morningstar Rating 5
- Morningstar Medalist Rating Gold
- Asset Under Management ₹ 14,072.97 Cr
- Portfolio Turnover Ratio 0.25 last 12 months
- Modified Duration 2.66 Years
- Portfolio Macaulay Duration 2.81 Years
-
PRC MatrixShow
Credit Risk 
Interest Rate Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C) Relatively Low (Class l) Moderate (Class ll) Relatively High (Class lll) A-III IRR higher
CRR lowest -
Average Maturity (only for debt component)001
-
Yield to Maturity001
- Morningstar Rating 5
- Morningstar Medalist Rating Gold
- Asset Under Management ₹ 14,072.97 Cr
- Portfolio Turnover Ratio 0.25 last 12 months
- Modified Duration 2.66 Years
- Portfolio Macaulay Duration 2.81 Years
-
PRC MatrixShow
Credit Risk Interest Rate Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C) Relatively Low (Class l) Moderate (Class ll) Relatively High (Class lll) A-III IRR higher
CRR lowest -
Average Maturity (only for debt component)001
-
Yield to Maturity001
Holdings
As on 30 Aug 2024Documents
As on 30 Aug 2024As on 30 Sep 2024Fund managers
As on 30 Aug 2024
Karthik
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Aejas
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Sources of yield & yield enhancers
-
Alternative NBFCs (Core Portfolio)
Robust & well managed Alt. NBFCs that cater to retail and MSME end-borrowers. We find superior risk-adjusted yields characteristics of securities rated AA- to BBB-.
-
Mid-Market Corporates
‘End-use’ restrictions and sectoral risks require a specialized underwriting skill-set.
-
Hybrid INVITs / REITs
There is a dual opportunity to profit from Spread Trade as well as higher Carry Trade.
-
Liquid AAA, AA, A+ bonds / Cash
High grade bonds satisfy liquidity management.
-
Alternative NBFCs (Core Portfolio)
Robust & well managed Alt. NBFCs that cater to retail and MSME end-borrowers. We find superior risk-adjusted yields characteristics of securities rated AA- to BBB-.
-
Mid-Market Corporates
‘End-use’ restrictions and sectoral risks require a specialized underwriting skill-set.
-
Hybrid INVITs / REITs
There is a dual opportunity to profit from Spread Trade as well as higher Carry Trade.
-
Liquid AAA, AA, A+ bonds / Cash
High grade bonds satisfy liquidity management.
Key Fund Principles
-
Avoid becoming too large too fast
We periodically close the fund to new subscriptions so ensure that client inflows do not outpace the borrowing demand from high-quality borrowers. We invest in shorter maturity bonds of fundamentally strong corporates at an attractive absolute yield. This protects us from having to forecast interest rates; a challenge that trips-up most professional investors most of the time. Equally important is the fact that short tenor also offers the enormous benefit of not having to predict the prospects of a business far into the future. Since uncertainties rise exponentially with time, we logically prefer to settle for a slightly lower yield than expose our capital to the risk of permanent loss due to potential disruptions over the longer term. We bear in mind that our upside is in any case capped by the bond's contracted yield, unlike the case of an equity investor who accepts long duration in the hope of earning an out-sized upside.
-
Avoid long ‘Duration’
We periodically close the fund to new subscriptions so ensure that client inflows do not outpace the borrowing demand from high-quality borrowers. We invest in shorter maturity bonds of fundamentally strong corporates at an attractive absolute yield. This protects us from having to forecast interest rates; a challenge that trips-up most professional investors most of the time. Equally important is the fact that short tenor also offers the enormous benefit of not having to predict the prospects of a business far into the future. Since uncertainties rise exponentially with time, we logically prefer to settle for a slightly lower yield than expose our capital to the risk of permanent loss due to potential disruptions over the longer term. We bear in mind that our upside is in any case capped by the bond's contracted yield, unlike the case of an equity investor who accepts long duration in the hope of earning an out-sized upside.
-
Think beyond credit ratings
We periodically close the fund to new subscriptions so ensure that client inflows do not outpace the borrowing demand from high-quality borrowers. We invest in shorter maturity bonds of fundamentally strong corporates at an attractive absolute yield. This protects us from having to forecast interest rates; a challenge that trips-up most professional investors most of the time. Equally important is the fact that short tenor also offers the enormous benefit of not having to predict the prospects of a business far into the future. Since uncertainties rise exponentially with time, we logically prefer to settle for a slightly lower yield than expose our capital to the risk of permanent loss due to potential disruptions over the longer term. We bear in mind that our upside is in any case capped by the bond's contracted yield, unlike the case of an equity investor who accepts long duration in the hope of earning an out-sized upside.
-
Embrace Illiquidity
We periodically close the fund to new subscriptions so ensure that client inflows do not outpace the borrowing demand from high-quality borrowers. We invest in shorter maturity bonds of fundamentally strong corporates at an attractive absolute yield. This protects us from having to forecast interest rates; a challenge that trips-up most professional investors most of the time. Equally important is the fact that short tenor also offers the enormous benefit of not having to predict the prospects of a business far into the future. Since uncertainties rise exponentially with time, we logically prefer to settle for a slightly lower yield than expose our capital to the risk of permanent loss due to potential disruptions over the longer term. We bear in mind that our upside is in any case capped by the bond's contracted yield, unlike the case of an equity investor who accepts long duration in the hope of earning an out-sized upside.
Independent In-house Underwriting sets a high bar of evaluation Bringing an in-house equity-like bottom-up research framework to debt investing creates an independent, critical, formally documented and well-seasoned evaluation process. This is the foundation of Unifi’s underwriting philosophy and our key competitive advantage; solid fundamental research allows Unifi to side-step defaulters and lend only to good high-yielding borrowers. Since equities are riskier than debt, applying an equity research framework to debt investments sets a high bar for analysis.
Pre-trade: Post initial screening, financial analysis and market-study, we conduct a robust first-hand due diligence which involves visit our borrowers, conduct channelchecks and extensive interviews with the borrower’s management to understand the business and detect trends early.
Post-trade: Real-time monitoring of economic developments, corporate communications to stock exchanges and methodical tracking of economic and company specific developments. Periodical meeting / calls with management of all the investment companies to measure progress, review results and revalidate assumptions.
Independent In-house Underwriting sets a high bar of evaluation Bringing an in-house equity-like bottom-up research framework to debt investing creates an independent, critical, formally documented and well-seasoned evaluation process. This is the foundation of Unifi’s underwriting philosophy and our key competitive advantage; solid fundamental research allows Unifi to side-step defaulters and lend only to good high-yielding borrowers. Since equities are riskier than debt, applying an equity research framework to debt investments sets a high bar for analysis.
Pre-trade: Post initial screening, financial analysis and market-study, we conduct a robust first-hand due diligence which involves visit our borrowers, conduct channelchecks and extensive interviews with the borrower’s management to understand the business and detect trends early.
Pre-trade: Post initial screening, financial analysis and market-study, we conduct a robust first-hand due diligence which involves visit our borrowers, conduct channelchecks and extensive interviews with the borrower’s management to understand the business and detect trends early.
Independent In-house Underwriting sets a high bar of evaluation Bringing an in-house equity-like bottom-up research framework to debt investing creates an independent, critical, formally documented and well-seasoned evaluation process. This is the foundation of Unifi’s underwriting philosophy and our key competitive advantage; solid fundamental research allows Unifi to side-step defaulters and lend only to good high-yielding borrowers. Since equities are riskier than debt, applying an equity research framework to debt investments sets a high bar for analysis.
Independent In-house Underwriting sets a high bar of evaluation Bringing an in-house equity-like bottom-up research framework to debt investing creates an independent, critical, formally documented and well-seasoned evaluation process. This is the foundation of Unifi’s underwriting philosophy and our key competitive advantage; solid fundamental research allows Unifi to side-step defaulters and lend only to good high-yielding borrowers. Since equities are riskier than debt, applying an equity research framework to debt investments sets a high bar for analysis.
Pre-trade: Post initial screening, financial analysis and market-study, we conduct a robust first-hand due diligence which involves visit our borrowers, conduct channelchecks and extensive interviews with the borrower’s management to understand the business and detect trends early.