Union Innovation & Opportunities Fund Direct Growth

Union Innovation & Opportunities Fund Direct Growth

Equity

Direct

Global - Other

NAV as on 06-12-2024

₹ 15.28

0.7%

1D

Inception Returns

40%

/yr

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

  1. Union Innovation & Opportunities Fund Direct Growth has ₹848 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Union Innovation & Opportunities Fund Direct Growth has given a CAGR return of 39.99% since inception. Over the last 1 year the fund has given a CAGR return of 46.49%.

Holdings

Union Innovation & Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Consumer Cyclical, Industrial, Communication, Basic Materials, Financial Services, Health, Utilities, Real Estate, Consumer Defensive. Its top holdings are Info Edge (India) Ltd, Zomato Ltd, Dixon Technologies (India) Ltd, Ami Organics Ltd, Trent Ltd

Taxation

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
259 people have invested ₹ 18.1L in Union Innovation & Opportunities Fund Direct Growth in the last three months

Union Innovation & Opportunities Fund Direct Growth Overview

Expense ratio0.71%
Benchmark
NIFTY 500 Index TR IDR
AUM₹848 Cr
Inception Date6 September, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
40.73%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Union Innovation & Opportunities Fund Direct Growth
Global - Other Index
1M
7.3%
-
3M
6.8%
-
6M
29.8%
-
1Y
46.5%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 94.6%

  • Debt & Cash 5.4%

Small cap
42.8%

Mid cap
33.1%

Large cap
18.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Tech
23.9%
Consumer Cyclical
23.6%
Industrial
16.6%
Communication
8.6%
Basic Materials
8.5%
Financial Services
6.8%
Health
4.4%
Utilities
3%
Real Estate
2.4%
Consumer Defensive
2.2%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
51
Top 5 Company Concentration
17.9%
16.8%
16.9%
Company having highest exposure
Info Edge (India) Ltd (5.2%)
Info Edge (India) Ltd (4.6%)
Info Edge (India) Ltd (4.6%)
No of Sectors
10
10
11
Top 5 Sectors Concentration
81.2%
78.7%
79.2%
Sector having highest exposure
Tech (23.9%)
Consumer Cyclical (23.9%)
Consumer Cyclical (24.2%)
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Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Innovation & Opportunities Fund Direct Growth, since 6 September 2023
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹22.24K Cr
as on 31-Oct-2024
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

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 39.99% since inception which is more than its category average return of 9.2%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.59% in Equity, 0% in Debt and 5.41% in Cash related instruments
AUM size ₹848 Cr

AUM size ₹848 Cr

This fund has AUM of ₹848 Cr which is more than its category average of ₹ 527 Cr
Expense Ratio 0.71%

Expense Ratio 0.71%

This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.44%

Frequently Asked Questions for Union Innovation & Opportunities Fund Direct Growth

The current NAV of Union Innovation & Opportunities Fund Direct Growth is ₹15.28 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Union Innovation & Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.33%
7.33%
6 Month Returns
29.75%
29.75%
1 Year Returns
46.49%
46.49%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.71% as on November 2024
₹848 Cr as on November 2024
Info Edge (India) Ltd(5.17%), Zomato Ltd(3.69%), Dixon Technologies (India) Ltd(3.16%), Ami Organics Ltd(2.97%), Trent Ltd(2.89%) as on November 2024
Tech(22.56%), Consumer Cyclical(22.35%), Industrial(15.7%) as on November 2024
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 November 2024
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 November 2024
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
2.43
-
-
As on November 2024
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
12.07
-
-
As on November 2024
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%