Union Innovation & Opportunities Fund Direct Growth
NAV as on 09-05-2025
₹ 12.67
▲0.1%
1D
Inception Returns
15.2%
/yr
Historical NAV & Returns
Absolute
▲
▼
298 people have invested ₹ 35.2L in Union Innovation & Opportunities Fund Direct Growth in the last three months
About Union Innovation & Opportunities Fund Direct Growth
Union Innovation & Opportunities Fund Direct Growth is an equity fund. This fund was started on 6 September, 2023. The fund is managed by Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Innovation & Opportunities Fund Direct Growth has ₹884 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Union Innovation & Opportunities Fund Direct Growth has given a CAGR return of 15.20% since inception. Over the last 1 year the fund has given a CAGR return of 10.66%.
Holdings
Union Innovation & Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Tech, Financial Services, Communication, Health, Basic Materials, Utilities, Real Estate. Its top holdings are Eternal Ltd, Info Edge (India) Ltd, Suzlon Energy Ltd, Affle 3i Ltd, The Federal Bank Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Union Innovation & Opportunities Fund Direct Growth
The investment objective of the Scheme is to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Innovation & Opportunities Fund Direct Growth has no lock in period.
Union Innovation & Opportunities Fund Direct Growth Overview
| Expense ratio | 0.76% |
Benchmark | NIFTY 500 Index TR IDR |
| AUM | ₹884 Cr |
| Inception Date | 6 September, 2023 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 40.73% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (09-May-25)
Fund Distribution
as on (31-Mar-25)
Mid cap
36.2%
Small cap
33%
Large cap
24.4%
Sector Allocation
Consumer Cyclical
26.2%
Industrial
22.9%
Tech
11.1%
Financial Services
10%
Communication
9.7%
Basic Materials
6.5%
Health
6.5%
Utilities
4.2%
Real Estate
2.9%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.42% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.83% in Mar'25
- AUM of the fund stands at 854.3 Cr as of Mar'25
- AUM increased by 62.7 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Praj Industries Ltd's allocation increased from 1.16% to 2.12%
The Federal Bank Ltd's allocation increased from 2.57% to 3.26%
Krishna Institute of Medical Sciences Ltd's allocation increased from 2.25% to 2.87%
Top Stocks sold last month
Info Edge (India) Ltd's allocation decreased from 5.17 % to 4.92 %
Ami Organics Ltd's allocation decreased from 3.49 % to 3.47 %
Phoenix Mills Ltd's allocation decreased from 2.78 % to 2.73 %
Large Cap allocation has gone up from 24.4% to 25.3%
Small Cap allocation has gone down from 37% to 34.8%
Mid Cap allocation has gone up from 34.4% to 35.9%
Debt allocation has gone down from 0.1% to 0%
Cash allocation has gone down from 4.2% to 4%
Top 3 Sectors in March were Consumer Cyclical, Industrial & Tech
Mar'25
Consumer Cyclical
26%
Industrial
23%
Tech
11%
Feb'25
Consumer Cyclical
26%
Industrial
21%
Tech
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Eternal Ltd | 4.25% | 0% | |
 Info Edge (India) Ltd | 4.14% | 0% | |
 Suzlon Energy Ltd | 3.64% | 11.2% | |
 Affle 3i Ltd | 3.32% | 6.1% | |
 The Federal Bank Ltd | 3.22% | 26.2% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Union Innovation & Opportunities Fund Direct Growth | 10.66% | - | - | 15.2% |
 Sundaram Services Direct Growth | 18.12% | 20.59% | 28.95% | 20.83% |
 ICICI Prudential India Opportunities Fund Direct Growth | 14.62% | 25.88% | 35.71% | 22.75% |
 Franklin India Opportunities Fund - Direct - Growth | 11.15% | 33.58% | 33.71% | 17.94% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Home First Finance Company India Ltd | 8.4% |
 Dixon Technologies (India) Ltd | 6.2% |
 Eternal Ltd | 4.6% |
Loading...
We are taking more time than usual
Sanjay Bembalkar
Fund Manager of Union Innovation & Opportunities Fund Direct Growth, since 6 September 2023
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹40.98K Cr
as on 31-Mar-2025
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com
Union Innovation & Opportunities Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.2% since inception which is more than its category average return of 8.68%
Fund Allocations
This fund has an allocation of 94.73% in Equity, 0% in Debt and 5.27% in Cash related instruments
AUM size ₹884 Cr
This fund has AUM of ₹884 Cr which is less than its category average of ₹ 2027 Cr
Expense Ratio 0.76%
This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.3%
More funds from Union
5Y CAGR
▲ 31.56
5Y CAGR
▲ 26.20
5Y CAGR
▲ 31.24
5Y CAGR
▲ 24.37
5Y CAGR
▲ 24.50
Frequently Asked Questions for Union Innovation & Opportunities Fund Direct Growth
The current NAV of Union Innovation & Opportunities Fund Direct Growth is ₹12.67 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
Union Innovation & Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.56% | 6.56% |
6 Month Returns | -11.71% | -11.71% |
1 Year Returns | 10.66% | 10.66% |
3 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.76% as on April 2025
₹884 Cr as on April 2025
Eternal Ltd(4.25%), Info Edge (India) Ltd(4.14%), Suzlon Energy Ltd(3.64%), Affle 3i Ltd(3.32%), The Federal Bank Ltd(3.22%) as on April 2025
Consumer Cyclical(24.21%), Industrial(20.56%), Tech(11.45%) as on April 2025
The alpha ratio for the Union Innovation & Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Innovation & Opportunities Fund Direct Growth | - | - | - |
As on April 2025
The alpha for Union Innovation & Opportunities Fund Direct Growth is calculated against NIFTY 500 Index TR IDR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Innovation & Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Innovation & Opportunities Fund Direct Growth | - | - | - |
As on April 2025
The Beta for Union Innovation & Opportunities Fund Direct Growth is calculated with NIFTY 500 Index TR IDR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Innovation & Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Innovation & Opportunities Fund Direct Growth | 0.23 | - | - |
As on April 2025
The sharpe ratio for Union Innovation & Opportunities Fund Direct Growth is calculated with NIFTY 500 Index TR IDR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Innovation & Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Innovation & Opportunities Fund Direct Growth | 22.65 | - | - |
As on April 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sanjay Bembalkar is the fund manager of Union Innovation & Opportunities Fund Direct Growth
The Exit load of Union Innovation & Opportunities Fund Direct Growth is 1%