November 26, 2025
RA Jainee
Union Consumption Fund Direct-Growth
Union Consumption Fund Direct-Growth snapshot
| NFO opens on | 01 December 2025 |
| NFO Closes on | 15 December 2025 |
| Min. Investment | Rs. 1000 |
| Plans | Growth, IDCW |
| Sahifund Verdict |
Union Consumption Fund – Direct Growth is a thematic equity fund focused on India’s consumption-driven sectors, benefiting from rising incomes, urbanisation and demographic trends. The fund aims to capture long-term growth from discretionary and non-discretionary consumption themes. However, being a thematic fund, performance will be closely tied to consumption cycles and valuations. Sahifund Verdict: ❌ (Thematic exposure; not core) |
⏱️ Last Update: 11 December 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Union Consumption Fund Direct-Growth Open Date, Close Date?
NFO opens on December 01, 2025
NFO will close on December 15, 2025
Investment Strategy for this NFO?
The scheme seeks to generate long-term capital appreciation by investing in companies those are engaged in consumption and consumption related sector or allied sectors. These companies are expected to directly or indirectly benefit from changing consumer aspirations, changing lifestyle and overall growth in consumption led demand.
Basic Details
| Fund House | Union Mutual Fund |
| Issue Open | 01 December 2025 |
| Issue Close | 15 December 2025 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(₹) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
| Riskometer | Very High |
| Benchmark | NIFTY India Consumption TRI |
About Benchmark Index for this NFO?
The Nifty India Consumption Index is designed to reflect the behaviour and performance of a diversified portfolio of companies
representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. The Nifty India Consumption Index comprises of 30 companies listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the
index constituent (where applicable) is capped at 10%. Nifty India Consumption Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Consumption Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float MCap |
| No. of Constituents | 30 |
| Launch Date | July 12, 2011 |
| Base Date | January 02, 2006 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Union Consumption Fund Direct-Growth
1) Vinod Malviya
Education: Mr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)
Experience: Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
2) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
AMC
Union Asset Management Company Pvt.Ltd.
Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059
Website: https://www.unionmf.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for Union Consumption Fund Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY India Consumption TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 2.92 | 9.27 | 8.14 | 19.88 | 13.54 |
| Total Return | 2.92 | 10.27 | 9.24 | 21.19 | 14.89 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.13 | 13.76 | 18.83 |
| Beta (NIFTY 50) | 0.93 | 0.79 | 0.80 |
| Correlation (NIFTY 50) | 0.84 | 0.82 | 0.90 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 42.04 | 8.38 | 1.07 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bharti Airtel Ltd. | 10.48 |
| ITC Ltd. | 10.37 |
| Mahindra & Mahindra Ltd. | 8.69 |
| Eternal Ltd. | 6.22 |
| Hindustan Unilever Ltd. | 6.15 |
| Maruti Suzuki India Ltd. | 5.97 |
| Titan Company Ltd. | 4.35 |
| InterGlobe Aviation Ltd. | 3.45 |
| Asian Paints Ltd. | 3.19 |
| Trent Ltd. | 2.93 |
Past Performance of Vinod Malviya
| Fund | Union Large & Midcap Fund | It’s Benchmark | Union Children’s Fund | It’s Benchmark |
| 1 Year | 4.04 | 6.41 | 6.03 | 5.63 |
| 3 Year | 14.96 | 14.75 | — | — |
| 5 Year | 17.78 | 17.88 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 26-11-2025
Past Performance of Sanjay Bembalkar
| Fund | Union ELSS Tax Saver Fund | It’s Benchmark | Union Largecap Fund | It’s Benchmark |
| 1 Year | 4.39 | 5.63 | 4.20 | 7.23 |
| 3 Year | 14.68 | 15.34 | 12.12 | 14.34 |
| 5 Year | 18.37 | 18.64 | 14.88 | 17.44 |
| 7 Year | 16.67 | 16.24 | 13.58 | 15.48 |
| 10 Year | 13.16 | 14.90 | — | — |
As on 26-11-2025
[B] Review of Fund Managers
Vinod Malviya
-
Background: Mr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared), Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
Sanjay Bembalkar
-
Background: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder., Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
Sahifund Verdict:
Union Consumption Fund – Direct Growth is an open-ended thematic equity fund that invests in companies linked to domestic consumption, including FMCG, consumer durables, retail, auto, healthcare, telecom, and related services. The strategy seeks to benefit from India’s long-term consumption story driven by population growth, rising middle class, premiumisation, and improving per-capita income.
While the consumption theme has structural strength, it is also valuation-sensitive and can underperform during periods of economic slowdown, inflationary pressure, or weak demand cycles. Returns may be uneven compared to diversified equity funds.
The fund offers direct exposure to a focused theme, which increases concentration risk despite sector diversification within consumption-related businesses. Being an NFO, the scheme has no live performance track record, making assessment dependent on strategy execution.
This fund is not suitable as a core equity holding. Investors already holding diversified flexicap or large & midcap funds may consider this only as a satellite allocation if they have high conviction in the consumption theme.
Sahifund Verdict: ❌
(Better to prefer diversified equity funds for long-term core portfolios)
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Union Consumption Fund Direct-Growth NFO?
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