Union Innovation & Opportunities Fund Direct Growth

Union Innovation & Opportunities Fund Direct Growth

Get the latest NAV of Union Innovation & Opportunities Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹13.74

-1.6%1D

NAV as on 19 Jun 2025

19.48%/per year

Since Inception

Absolute Gain%

276 people have invested ₹ 27.6L in Union Innovation & Opportunities Fund Direct Growth in the last three months

Union Innovation & Opportunities Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (19-Jun-25)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
This Fund
Nifty 500
Category Avg
1 Month
1.1%
-0.45%
-
3 Months
8.53%
9.1%
-
6 Months
-10.84%
0.05%
-
1 Year
6.84%
2.42%
-

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Union Innovation & Opportunities Fund
-
884Cr
0.73%
6.84%
-
19.48%
ICICI Prudential India Opportunities Fund Direct Growth
1/39
28,204Cr
0.63%
11.52%
30.34%
23.1%
ICICI Prudential Business Cycle Fund Direct Growth
2/39
12,972Cr
0.72%
9.09%
27.83%
23.27%
ICICI Prudential Exports and Services Fund Direct Growth
3/39
1,396Cr
1.69%
10.9%
25.3%
19.47%

Union Innovation & Opportunities Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit


Total Corpus

0

Absolute Return

Union Innovation & Opportunities Fund Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Equity 94.7%

Debt & Cash 5.3%

Mid cap
36.2%

Small cap
33%

Large cap
24.4%

Union Innovation & Opportunities Fund Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Equity 94.7%

Debt & Cash 5.3%

Consumer Cyclical
23.8%
Tech
21.2%
Industrial
20.3%
Communication
9.1%
Basic Materials
7.9%
Financial Services
5.9%
Health
4.6%
Utilities
2.7%
Real Estate
2.4%
Consumer Defensive
2.1%

Top 3 Sectors in May were Consumer Cyclical, Industrial & Tech

May'25

Consumer Cyclical

26%

Industrial

22%

Tech

12%

Apr'25

Consumer Cyclical

26%

Industrial

22%

Tech

12%

Union Innovation & Opportunities Fund Holdings Details

as on (31-May-25)

Equity

Debt & Cash

Holdings
Weight%
1M Change
Eternal Ltd
4.25%
-9.5%
Info Edge (India) Ltd
4.14%
-11.4%
Suzlon Energy Ltd
3.64%
7%
Affle 3i Ltd
3.32%
0%
The Federal Bank Ltd
3.22%
0%
Top Stocks bought last month
Krishna Institute of Medical Sciences Ltd's allocation increased from 1.09% to 2.85%
Krishna Institute of Medical Sciences Ltd's allocation increased from 1.09% to 2.85%
Top Stocks sold last month
Info Edge (India) Ltd's allocation decreased from 4.92 % to 4.14 %
Info Edge (India) Ltd's allocation decreased from 4.92 % to 4.14 %

Union Innovation & Opportunities Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.73%
Benchmark
NIFTY 500 Index TR IDR
AUM₹884 Cr
Inception Date6 September, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
40.73%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Union Innovation & Opportunities Fund

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 ₹884 Cr worth of assets under management (AUM) as on May 2025 and is less 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 19.48% since inception. Over the last 1 year the fund has given a CAGR return of 6.84%.

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 benefit
Dividends 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.

Fund Manager

Sanjay Bembalkar

Fund Manager of Union Innovation & Opportunities Fund Direct Growth, since 6 September 2023

Learn more about Union Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 884 Cr
₹ 884 Cr
₹ 854.3 Cr
  • AUM of the fund stands at 884 Cr as of May'25
  • AUM has remained same between May'25 and Apr'25

Frequently Asked Questions for Union Innovation & Opportunities Fund Direct Growth

How do I invest in Union Innovation & Opportunities Fund?

INDmoney makes it simple to invest in the Union Innovation & Opportunities Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Union Innovation & Opportunities Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Union Innovation & Opportunities Fund?

The NAV of the fund today is ₹13.74. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Union Innovation & Opportunities Fund fund has generated a return of 6.84% in 1 year

Who is the fund manager of Union Innovation & Opportunities Fund?

The fund managers are Sanjay Bembalkar.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Years. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.73%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹884 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Union Innovation & Opportunities Fund?

The top 3 holdings of the fund are Eternal Ltd(4.25%), Info Edge (India) Ltd(4.14%), Suzlon Energy Ltd(3.64%)