HYBRID
Unifi Dynamic Asset Allocation Fund
An open-ended dynamic asset allocation fund
An open-ended hybrid mutual fund scheme that invests in a dynamically managed portfolio of debt and equity with an intent to generate income and capital appreciation over the medium to long term.
- Direct
- Regular
0.50%
An open-ended hybrid mutual fund scheme that invests in a dynamically managed portfolio of debt and equity with an intent to generate income and capital appreciation over the medium to long term.
- 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
V N Saravanan
A Chartered Accountant with 20+ years of experience in fund management, capital market research, banking and audit. Saravanan has been associated with Unifi group since 2006. He was the Fund Manager for an open-ended CAT-III multi asset class AIF for 11 years between FY14 to FY24. Earlier in the equity research division, he was tracking Pharmaceuticals, Specialty Chemicals and Financial Services sector. Prior to Unifi, he worked in ICICI bank’s treasury & corporate mid-office group and PwC’s due diligence & assurance division.
Karthik Srinivas
A Chartered Accountant with 10+ years of experience in across functions like fund management, research, risk management & audit. Over the last 4 years, Karthik has been co-managing debt strategies at Unifi group in its PMS division. He was responsible for identifying high-yield fixed income and hybrid opportunities, evaluation and monitoring. Earlier, he was part of The Sanmar Group, working in their Founders’ Office and with Deloitte in their Risk Advisory practice.
Aejas Lakhani
12+ years of experience in fund management, equity research and governance advisory. He has done his MBA (Finance) from the Asian Institute of Management (Manila). Over the last 4 years, Aejas has been managing the consumption themed equity fund at Unifi group. He was also tracking sectors such as Pharmaceuticals, Logistics, Retail and Capital Markets. Earlier he has worked as an Analyst in the Institutional Investor Advisory Services Firm and Edelweiss Asset Management Limited.
Sources of yield & yield enhancers
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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.
Dynamic Risk rebalancing
-
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
-
Capital first, return-focused;
- Capital preservation is the foundation of sustainable investing.
- Safeguarding the investor’s principal is our upmost priority while seeking attractive risk-adjusted returns.
- Our investment process is structured to strike a balance between discovering promising investment opportunities and assess associated risks.
- Proprietary risk assessment techniques identify early stress signals necessitating appropriate portfolio action in advance.
- DAAF provides investors the option to stay passive and not have the hassle of moving across categories whenever economic cycle changes.
- The fund has complete discretion to allocate across various segments of debt and equity in any proportion. The flexibility will be used prudently to limit downside across economic cycles while striving to achieve stable real returns over the rate of inflation.
- As per the prevailing tax regime, the investors can benefit from lower taxation if they stay invested for 2 years or more.
-
Downside defense, upside potential;
- Portfolio is dynamically adjusted to navigate economic cycles.
- A defensive heavy weight debt portfolio during tough cycles and an opportunistic equity allocation during favorable cycles retains higher return potential while protecting downside risks.
- Domestic GDP growth and inflation are the key macro-economic variables that impact the market prices and volatility of various segments of debt and equity.
- DAAF is designed to be an efficient all-weather alternative to fixed-income allocation compared to traditional options.
- Stay open to dynamically move within the chosen sub-segments guided by the fund manager’s outlook on growth and inflation trajectory.
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Differentiated investment approach;
- Our selective investment approach is built on strong fundamental data-driven analysis.
- Each investment decision is an outcome of bottom-up review, on-site due diligence and internal scorecards.
- Our due diligence includes branch and factory visits, in-depth discussions with functional heads for detailed process & business insights, evaluation of IT systems & internal controls framework.
- Real time post investment monitoring to identify developing risks and necessary action initiated.
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Risk management is our compass in a dynamic investment landscape.
- Stringent risk management policies are built to enhance investor protection.
- Every aspect of risk is studied, and mitigation measures implemented through appropriate policies and processes.
- An independent risk team in place for continuous monitoring and oversight.
- The investment team has over a decade of expertise handling similar strategies in their earlier roles.
Independent in-house underwriting establishes a rigorous evaluation standard for debt investing through our bottom-up research framework. Our fundamental research framework enables a distinct investment approach pre & post investment, applying an equity-like methodology to debt investments for superior analysis and risk management.
Our portfolio is designed to minimize sharp swings in portfolio values due to interest rates movements. Low duration, amortising principal structure, exposure to high quality borrowers provide inherent interest rate risk mitigation.
Constant allocation to TREPs/ G-secs/highly liquid debt instruments and cash arbitrage segments to manage liquidity. Periodical cashflows from debt repayments and interest payments also provide liquidity buffer.
Regulatory limits imposed on sector and single company exposure prevents the portfolio to be concentrated.
