August 23, 2024
mayank
Union Innovation & Opportunities Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.1000
NAV IDCW: Rs 14.1000
Suitable For Which Investors?
This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.
We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
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) Hardick Bora
Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience: Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services 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
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 | 41.00% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 777 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.69% |
| (As on 31-Jul-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Union Innovation & Opportunities Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Innovation & Opportunities Dir | 33.52 | -0.07 | 7.55 | 18.09 | 26.46 | — | — | — | — | — |
| BSE 500 TRI | 21.54 | 0.30 | 2.33 | 10.91 | 16.24 | — | — | — | — | — |
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 | — | — | — | 0.69 | 777 | 41.00 | 1.00 (365) | 11M | — |
| ICICI Pru India Opportunities Dir | Unrated | 47.00 | 32.88 | 32.26 | 0.57 | 22,659 | 26.44 | 1.00 (365) | 5Y 7M | 90.00 |
| HDFC Manufacturing Dir | Unrated | — | — | — | 0.37 | 13,003 | 11.12 | 1.00 (30) | 3M | — |
| ICICI Pru Business Cycle Dir | Unrated | 46.72 | 27.24 | — | 0.73 | 11,215 | 27.80 | 1.00 (30) | 3Y 7M | 40.00 |
| ICICI Pru Manufacturing Dir | Unrated | 61.78 | 32.23 | 31.70 | 0.66 | 6,621 | 25.48 | 1.00 (365) | 5Y 10M | 23.00 |
Portfolio Analysis of Union Innovation & Opportunities Fund
| No. of Stocks | 48 |
| Top 10 Stocks | 29.00% |
| Top 5 Stocks | 16.18% |
| Top 3 Sectors | 54.71% |
| Portfolio P/B Ratio | 7.61 |
| Portfolio P/E Ratio | 70.93 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 35,470 | 1,35,800 |
| Giant (%) | 13.18 | 40.65 |
| Large (%) | 23.65 | 25.45 |
| Mid (%) | 32.01 | 28.01 |
| Small (%) | 31.15 | 12.51 |
| Tiny (%) | — | 0.53 |
Chanakya’s Mutual Fund Guidance For Union Innovation & Opportunities Fund
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