Star Union Dai-ichi Life Growth Plus Fund

Balanced Fund
Moderate Risk
Last Updated: 09 Mar 2026
AUM: ₹755 Cr
Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
NAV: ₹30.98
-0.42%
NAV, or Net Asset Value, is the value of an investment fund’s assets minus its liabilities. It is calculated by dividing the total value of the fund’s assets by the number of outstanding shares. It is used as an indicator of a fund’s performance and can be compared to its previous NAVs.
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  • Returns Since Inception
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  • RSI
7.81% Annual returns
Growth Plus Fund
Performance Graph
As on 09 Mar 2026 
| Data Source - Value research
Fund Definition: To aim for medium to long-term capital appreciation by maintaining a diversified portfolio of equity and Preference shares and Convertible Debentures and fair exposure to high credit quality portfolio of debt and money market instruments.

Returns (as on 09 Mar 2026)

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About Star Union Dai-ichi Life Growth Plus Fund

Star Union Dai-ichi Life Growth Plus Fund is a Balanced Fund launched on 29-01-2014, designed to offer long-term capital growth by investing in a mix of high-quality assets. The fund currently manages an AUM of over ₹755 Cr, with a Net Asset Value (NAV) of ₹30.98 (as of 09 Mar 2026).

Over time, Star Union Dai-ichi Life Growth Plus Fund has shown stable growth with 4.86% return in the last 1 year, 8.56 % CAGR over 3 years, 7.81 % CAGR over 5 years. For longer horizons, it has delivered 9.06 % CAGR over 7 years, 9.67 % CAGR over 10 years, Return Since Inception (RSI) of 9.79%, highlighting its consistent performance track record.

Highlights of Star Union Dai-ichi Life Growth Plus Fund

  • It is benchmarked against the Crisil Composite Bond(30),Nifty 50(70), which delivered 13.13% in the same period.
  • The fund maintains a strong allocation with Equity holding: 95.83%, ideal for long-term growth.
  • Major sector exposure includes Financial holding: 22.64%, Others holding: 21.46%, Energy holding: 9.27%, offering Conservative diversification.
  • Star Union Dai-ichi Life Growth Plus Fund has delivered 4.86% returns in the past 1 year, with a 3-year CAGR of 8.56% and a 5-year CAGR of 7.81%.
  • It offers solid long-term growth with 9.06% returns over 7 years and 9.67% returns over 10 years.
  • Since its launch on 29-01-2014, Star Union Dai-ichi Life Growth Plus Fund has achieved a Return Since Inception (RSI) of 9.79%.
  • Managed by Star Union Dai-ichi Life, Star Union Dai-ichi Life Growth Plus Fund is designed for investors seeking Conservative returns with moderate risk exposure.

More Funds from Star Union Dai-ichi Life

Fund name AUM sort icon 1Y sort icon
Star Union Dai-ichi Life
Blue-Chip Equity Fund
₹1,427 Cr 5.95% Get Details
Star Union Dai-ichi Life
Growth Plus Fund
₹755 Cr 4.86% Get Details
Star Union Dai-ichi Discontinued Life Policies Fund ₹697 Cr 5.69% Get Details
Star Union Dai-ichi Life Midcap Momentum Index Fund ₹628 Cr 13.14% Get Details
Star Union Dai-ichi Life
Mid Cap Fund
₹541 Cr 5.86% Get Details
Star Union Dai-ichi Life
Balanced Plus Fund
₹318 Cr 3.66% Get Details
Star Union Dai-ichi Life
Gilt Fund
₹219 Cr 3.15% Get Details
Star Union Dai-ichi Apex Growth ₹85 Cr 5.25% Get Details
Star Union Dai-ichi Life
Income Fund
₹81 Cr 5.38% Get Details
Star Union Dai-ichi Apex Equity ₹80 Cr 5.7% Get Details
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Asset Allocation
Equity holding
Debt holding
Cash holding

Top 10 Balanced Fund

Fund name
Returns
YTD% 3Y 5Y 10Y
Future Generali Future Midcap Fund 20.02% 17.12% Get Details
IDBI Federal Midcap 19.61% 17.06% 14.89% Get Details
Aegon Life Group Equity Fund 15.31% 15.17% Get Details
Tata AIA Life Whole Life Aggressive Growth Fund 18.76% 14.31% 15.68% Get Details
Bandhan Life Pension Enhanced Equity 14.51% 14.24% 13.99% Get Details
Reliance Life Pure Equity Fund 2 16.23% 14.15% 12.94% Get Details
PNB MetLife Balanced Opportunities Fund 15.5% 13.82% Get Details
Shriram Life Tyaseer 11.97% 12.36% 11.83% Get Details
Future Generali Future Apex Fund 12.68% 11.87% 13.63% Get Details
Future Generali Future Opportunity Fund 12.47% 11.57% 12.82% Get Details
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Sector Allocation
Financial
22.64%
Others
21.46%
Energy
9.27%
Metals & Mining
9.15%
Technology
8.3%
Automobile
7.12%
Communication
5.05%
Construction
3.55%
Consumer Staples
2.65%
Healthcare
2.32%
Capital Goods
1.48%
Materials
1.44%
Services
1.43%
Consumer Discretionary
1.22%
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AUM (Assets under management)
Equity:
₹724 Cr
Debt:
₹32 Cr
Fund Manager(s)
Rahul Ranjan

Oversees a broad portfolio of equity, debt and balanced funds, demonstrating expertise across diverse investment strategies

Peer Comparison

  • Overview
  • Returns
Fund name AUM sort icon 1Y sort icon
SBI Life Equity Fund ₹80,948 Cr 3.88% Get Details
SBI Life Midcap Fund ₹52,985 Cr 12.11% Get Details
ICICI Prudential Life Maximiser Fund V ₹48,190 Cr 8.97% Get Details
HDFC Life Opportunities Fund ₹34,836 Cr 10.79% Get Details
SBI Life Bond Pension II ₹29,073 Cr 5.22% Get Details
SBI Life Balanced Fund ₹21,359 Cr 5.69% Get Details
ICICI Prudential Life Multi Cap Growth Fund ₹17,613 Cr 8.36% Get Details
SBI Life Bond Fund ₹17,003 Cr 5.8% Get Details
Kotak Mahindra OM Life Classic Opportunities Fund ₹13,460 Cr 8.34% Get Details
HDFC Life Discovery Fund ₹12,652 Cr 14.59% Get Details
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Fund name
Returns
YTD% 3Y 5Y 10Y
SBI Life Equity Fund 11.43% 9.79% 11.97% Get Details
SBI Life Midcap Fund 20.8% 17.35% Get Details
ICICI Prudential Life Maximiser Fund V 12.46% 11.46% 11.76% Get Details
HDFC Life Opportunities Fund 17.44% 13.61% 14.86% Get Details
SBI Life Bond Pension II 0.34% 6.91% 5.54% 6.56% Get Details
SBI Life Balanced Fund 9.13% 7.81% 9.97% Get Details
ICICI Prudential Life Multi Cap Growth Fund 14.68% 11.52% 11.44% Get Details
SBI Life Bond Fund 0.19% 7.17% 5.76% 6.92% Get Details
Kotak Mahindra OM Life Classic Opportunities Fund 14.47% 11.77% 13.65% Get Details
HDFC Life Discovery Fund 21.56% 18.12% Get Details
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Reliance Pension Energy Fund 2 3.26% 23.05% 21.61% 18.11% Get Details
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Axis Max Life High Growth Fund 24.34% 19.35% 18.66% Get Details
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Funds with High Returns (Past 7 Years)
IDBI Federal Midcap
14.89%
IDBI Federal Midcap
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Frequently Asked Questions
Star Union Dai-ichi Life Growth Plus Fund
Star Union Dai-ichi Life Growth Plus Fund is a Balanced Fund launched on 29-01-2014. It aims to provide long-term capital growth by investing in a diversified portfolio.
As of 09 Mar 2026, the Net Asset Value (NAV) of Star Union Dai-ichi Life Growth Plus Fund is ₹30.98.
Star Union Dai-ichi Life Growth Plus Fund is suitable for investors looking for moderate risk and stable long-term returns without full exposure to equity market volatility.
Growth Plus Fund is not Shariah-compliant.
Star Union Dai-ichi Life Growth Plus Fund has been in the market since 29-01-2014, providing a long and reliable performance history.

To aim for medium to long-term capital appreciation by maintaining a diversified portfolio of equity and Preference shares and Convertible Debentures and fair exposure to high credit quality portfolio of debt and money market instruments.
Over the past year, Star Union Dai-ichi Life Growth Plus Fund has delivered a return of approximately 4.86% CAGR, making it a competitive performer.
Star Union Dai-ichi Life Growth Plus Fund is benchmarked against the Crisil Composite Bond(30),Nifty 50(70), which delivered about 13.13% return in the same period. The fund has underperformed its benchmark in recent years.
The fund mainly invests in sectors like Financial holding: 22.64%, Others holding: 21.46%, Energy holding: 9.27%, which together form a major part of its portfolio allocation.
The fund primarily allocates 95.83% to Equity holding, making it Conservative in nature, depending on the fund's investment style.

View more FAQ's

*The Returns in ULIP plans are subject to market risk and are not guaranteed. The investment risk in the policy is borne by the policyholder. The actual returns can vary depending on the performance of the chosen fund, charges towards mortality, allocation, policy admin, cost of riders, etc. The 4% and 8% illustration is neither the minimum or maximum limit that you may get as a policyholder.

*The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

*The maturity amount of Rs 50 Lakhs. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 4% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

++Source -: Google Review Rating available on: http://bit.ly/3J20bXZ

All Data Source: Value Research

TERMS AND CONDITIONS APPLY.For more details on risk factors, terms, and conditions, please read the sales brochure and benefit illustration carefully before concluding a sale.

Policybazaar is a registered Insurance Broker | Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2024, License category- Direct Broker (Life & General) |CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 |Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.©️ Copyright 2008-2026 policybazaar.com. All Rights Reserved

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