October 20, 2026
mayank
Union Innovation & Opportunities Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.12 |
| NAV IDCW (Rs.) | 14.99 |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,307 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.70% |
| 1 Year Return (%) | 5.91 |
| 3 Year Return (%) | 17.20 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 16.60% |
Suitable For Which Investors?
Innovation funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on innovation theme for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
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 | 16.60% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,307 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.70% |
| (As on 30-Sep-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 57.00% |
Union Innovation & Opportunities Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Innovation & Opportunities Dir | 9.66 | -1.10 | -2.54 | 0.06 | 15.64 | 5.91 | 17.20 | — | — | — |
| BSE 500 TRI | -6.52 | 0.74 | -1.21 | -4.27 | -1.24 | -4.45 | 9.16 | — | — | — |
| Equity: Thematic-Innovation | 5.78 | -0.41 | -2.22 | -0.64 | 11.19 | 4.66 | 16.19 | — | — | — |
| Rank within category | 5 | 12 | 6 | 5 | 4 | 6 | 2 | — | — | — |
| Number of funds in category | 11 | 12 | 12 | 12 | 12 | 11 | 4 | 1 | 0 | 0 |
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 | 5.91 | 17.20 | — | 0.70 | 1,307 | 16.60 | 1.00 (365) | 3Y 1M | 57.00 |
| ICICI Pru Innovation Dir | Unrated | -0.21 | 17.58 | — | 0.70 | 7,549 | 21.14 | 1.00 (30) | 3Y 5M | 186.00 |
| SBI Innovative Opportunities Dir | Unrated | 4.88 | — | — | 0.76 | 5,125 | 2.86 | 1.00 (30) | 2Y 1M | 29.00 |
| Kotak Pioneer Dir | Unrated | 8.37 | 19.33 | 13.70 | 0.47 | 4,295 | 21.31 | 0.50 (90) | 6Y 11M | 11.43 |
| HDFC Innovation Dir | Unrated | 10.94 | — | — | 0.76 | 3,152 | 12.18 | 1.00 (30) | 1Y 2M | 35.61 |
Union Innovation & Opportunities Fund Portfolio Analysis
| No. of Stocks | 53 |
| Top 10 Stocks | 34.26% |
| Top 5 Stocks | 19.86% |
| Top 3 Sectors | 66.36% |
| Portfolio P/B Ratio | 5.65 |
| Portfolio P/E Ratio | 61.51 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 43,601 | 72,166 |
| Large (%) | 13.61 | 31.63 |
| Mid (%) | 28.95 | 28.83 |
| Small (%) | 57.45 | 39.53 |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://www.unionmf.com/investorlogin/
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