August 19, 2025
RA Jainee
Union Innovation & Opportunities Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 14.5500
NAV IDCW: Rs 14.5500
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The Scheme seeks to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.
Fund Manager:
1) Gaurav Chopra
Education: Mr. Chopra has done B.Com, Chartered Accountant and CFA (Level III cleared)
Experience: Prior to joining Union Mutual Fund, he was associated with Centrum Portfolio Management Services- Centrum Broking Ltd., Barclays Wealth Trustees (India) Pvt. Ltd. and Sharp & Tanan Associates
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
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Union Innovation & Opportunities Fund
| Fund House | Union Mutual Fund |
| Launch Date | 06-Sep-23 |
| Return Since Launch | 21.20% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,015 Cr |
| (As on 31-Jul-2025) | |
| Expense | 0.71% |
| (As on 31-Jul-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 51.00% |
Trailing Returns (%) of Union Innovation & Opportunities Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Innovation & Opportunities Dir | -3.58 | 1.11 | 2.25 | 7.22 | 18.49 | 5.48 | — | — | — | — |
| BSE 500 TRI | 3.24 | 1.12 | -1.26 | 0.77 | 11.82 | 0.00 | — | — | — | — |
Peer Comparison of Union Innovation & Opportunities Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Union Innovation & Opportunities Dir | Unrated | 5.48 | — | — | 0.71 | 1,015 | 21.20 | 1.00 (365) | 1Y 11M | 51.00 |
| ICICI Pru India Opportunities Dir | Unrated | 5.42 | 24.11 | 31.27 | 0.63 | 29,718 | 22.78 | 1.00 (365) | 6Y 7M | 64.00 |
| ICICI Pru Business Cycle Dir | Unrated | 9.17 | 22.96 | — | 0.72 | 13,479 | 23.24 | 1.00 (30) | 4Y 7M | 31.00 |
| HDFC Manufacturing Dir | Unrated | -0.25 | — | — | 0.73 | 11,818 | 7.44 | 1.00 (30) | 1Y 3M | 26.19 |
| Franklin India Opportunities Dir | Unrated | 3.00 | 30.26 | 30.27 | 0.52 | 7,376 | 18.30 | 1.00 (365) | 12Y 7M | 56.93 |
Portfolio Analysis of Union Innovation & Opportunities Fund
| No. of Stocks | 48 |
| Top 10 Stocks | 34.86% |
| Top 5 Stocks | 20.10% |
| Top 3 Sectors | 60.91% |
| Portfolio P/B Ratio | 6.49 |
| Portfolio P/E Ratio | 61.87 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 45,664 | 1,32,089 |
| Giant (%) | 10.93 | 41.98 |
| Large (%) | 34.11 | 24.09 |
| Mid (%) | 37.03 | 27.65 |
| Small (%) | 17.93 | 9.93 |
| Tiny (%) | — | 0.79 |
Chanakya’s Mutual Fund Guidance For Union Innovation & Opportunities Fund
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