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Fund Overview

Fund Size

Fund Size

₹848 Cr

Expense Ratio

Expense Ratio

0.71%

ISIN

ISIN

INF582M01JE6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

06 Sep 2023

About this fund

Union Innovation & Opportunities Fund Direct Growth is a Global - Other mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 1 years, 2 months and 16 days, having been launched on 06-Sep-23.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.98, Assets Under Management (AUM) of 847.59 Crores, and an expense ratio of 0.71%.
  • Union Innovation & Opportunities Fund Direct Growth has given a CAGR return of 31.90% since inception.
  • The fund's asset allocation comprises around 94.59% in equities, 0.00% in debts, and 5.41% in cash & cash equivalents.
  • You can start investing in Union Innovation & Opportunities Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+37.19%

(Cat Avg.)

Since Inception

+31.90%

(Cat Avg.)

Portfolio Summaryas of 31st October 2024

Equity801.7 Cr94.59%
Others45.89 Cr5.41%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
TrepsCash - Repurchase Agreement51.56 Cr6.08%
Info Edge (India) LtdEquity43.86 Cr5.17%
Zomato LtdEquity31.31 Cr3.69%
Dixon Technologies (India) LtdEquity26.76 Cr3.16%
Ami Organics LtdEquity25.2 Cr2.97%
Trent LtdEquity24.47 Cr2.89%
SJS Enterprises LtdEquity23.76 Cr2.80%
Sona BLW Precision Forgings LtdEquity23.63 Cr2.79%
Kaynes Technology India LtdEquity23.01 Cr2.71%
Garware Hi-Tech Films LtdEquity22.72 Cr2.68%
Hitachi Energy India Ltd Ordinary SharesEquity21.81 Cr2.57%
Netweb Technologies India LtdEquity21.04 Cr2.48%
PB Fintech LtdEquity21.04 Cr2.48%
Neogen Chemicals LtdEquity20.49 Cr2.42%
Phoenix Mills LtdEquity19.15 Cr2.26%
Sonata Software LtdEquity18.81 Cr2.22%
CarTrade Tech LtdEquity18.66 Cr2.20%
KFin Technologies LtdEquity18.66 Cr2.20%
Varun Beverages LtdEquity17.55 Cr2.07%
CE Info Systems LtdEquity17.36 Cr2.05%
Affle India LtdEquity16.86 Cr1.99%
CG Power & Industrial Solutions LtdEquity16.78 Cr1.98%
Quick Heal Technologies LtdEquity16.28 Cr1.92%
FSN E-Commerce Ventures LtdEquity15.95 Cr1.88%
KPIT Technologies LtdEquity15.79 Cr1.86%
TVS Motor Co LtdEquity15.71 Cr1.85%
Home First Finance Co India Ltd ---Equity15.54 Cr1.83%
Tube Investments of India Ltd Ordinary SharesEquity15.44 Cr1.82%
Max Healthcare Institute Ltd Ordinary SharesEquity15.37 Cr1.81%
Awfis Space Solutions LtdEquity14.63 Cr1.73%
Ethos LtdEquity14.58 Cr1.72%
JSW Energy LtdEquity14.39 Cr1.70%
Avantel LtdEquity14.2 Cr1.68%
Praj Industries LtdEquity13.92 Cr1.64%
Krishna Institute of Medical Sciences LtdEquity13.02 Cr1.54%
UNO Minda LtdEquity12.95 Cr1.53%
Bharat Electronics LtdEquity12.72 Cr1.50%
Happiest Minds Technologies Ltd Ordinary SharesEquity10.63 Cr1.25%
Cholamandalam Investment and Finance Co LtdEquity10.15 Cr1.20%
Tata Power Co LtdEquity10 Cr1.18%
ABB India LtdEquity9.95 Cr1.17%
Escorts Kubota LtdEquity9.22 Cr1.09%
Gravita India LtdEquity8.72 Cr1.03%
Delhivery LtdEquity8.71 Cr1.03%
Motherson Sumi Wiring India LtdEquity8.41 Cr0.99%
Saregama India LtdEquity7.91 Cr0.93%
Jio Financial Services LtdEquity7.74 Cr0.91%
Glenmark Life Sciences LtdEquity6.95 Cr0.82%
Net Receivable / PayableCash - Collateral-6.4 Cr0.76%
L&T Technology Services LtdEquity5.94 Cr0.70%
Premier Energies LtdEquity3.96 Cr0.47%
364 DTB 26122024Bond - Gov't/Treasury0.73 Cr0.09%

Allocation By Market Cap (Equity)

Large Cap Stocks

18.17%

Mid Cap Stocks

33.13%

Small Cap Stocks

42.82%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Technology191.23 Cr22.56%
Consumer Cyclical189.42 Cr22.35%
Industrials133.11 Cr15.71%
Communication Services68.63 Cr8.10%
Basic Materials68.4 Cr8.07%
Financial Services54.46 Cr6.43%
Healthcare35.35 Cr4.17%
Utilities24.39 Cr2.88%
Real Estate19.15 Cr2.26%
Consumer Defensive17.55 Cr2.07%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

SB

Sanjay Bembalkar

Since September 2023

Gaurav Chopra

Gaurav Chopra

Since November 2024

Additional Scheme Detailsas of 31st October 2024

ISIN
INF582M01JE6
Expense Ratio
0.71%
Exit Load
1.00%
Fund Size
₹848 Cr
Age
1 year 2 months
Lumpsum Minimum
₹1,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY 500 Index TR IDR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Global - Other Funds

Fund nameExpense RatioExit LoadFund size
1Y
Aditya Birla Sun Life Commodity Equity Global Agricultural Regular Growth

Very High Risk

1.7%1.0%₹13.04 Cr-3.0%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Regular Growth

Very High Risk

2.1%1.0%₹7.62 Cr21.8%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth

Very High Risk

1.7%1.0%₹7.62 Cr22.2%
Franklin Asian Equity Fund Regular Growth

Very High Risk

2.5%1.0%₹250.36 Cr14.6%
DSP Global Innovation Fund of Fund Direct Growth

Very High Risk

1.2%0.0%₹881.85 Cr28.5%
DSP Global Innovation Fund of Fund Regular Growth

Very High Risk

2.0%0.0%₹881.85 Cr27.4%
Aditya Birla Sun Life Global Emerging Opportunities Fund Regular Growth

Very High Risk

2.1%0.0%₹237.73 Cr25.5%
Edelweiss US Value Equity Offshore Fund Regular Growth

Very High Risk

2.3%1.0%₹121.56 Cr26.7%
Edelweiss US Value Equity Offshore Fund Direct Growth

Very High Risk

1.4%1.0%₹121.56 Cr27.8%
ICICI Prudential Global Advantage Fund (FOF) Regular Growth

Very High Risk

2.0%1.0%₹322.51 Cr20.0%

About the AMC

Union Mutual Fund

Union Mutual Fund

Total AUM

₹21,661 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.9%0.0%₹59.22 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹847.59 Cr37.2%
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-8.0%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹5352.82 Cr19.0%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.3%1.0%₹630.99 Cr18.9%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.6%1.0%₹227.80 Cr8.0%
Union Value Discovery Fund Direct Growth

Very High Risk

1.3%1.0%₹294.54 Cr24.7%
Union Multicap Fund Direct Growth

Very High Risk

0.9%1.0%₹1075.38 Cr24.5%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1462.37 Cr15.8%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.4%1.0%₹340.50 Cr11.5%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹245.03 Cr8.4%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.3%0.0%₹930.85 Cr22.0%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.2%1.0%₹79.52 Cr9.0%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1756.94 Cr21.1%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹5349.95 Cr7.5%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1350.50 Cr30.1%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹150.10 Cr9.7%
Union Largecap Fund Direct Growth

Very High Risk

1.6%1.0%₹433.40 Cr20.0%
Union Retirement Fund Direct Growth

Very High Risk

1.2%0.0%₹151.21 Cr23.2%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹279.48 Cr8.5%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹371.73 Cr6.7%
Union Focused Fund Direct Growth

Very High Risk

1.5%1.0%₹415.68 Cr20.0%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹173.97 Cr7.4%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹833.86 Cr23.6%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Union Innovation & Opportunities Fund Direct Growth, as of 21-Nov-2024, is ₹13.98.
The fund's allocation of assets is distributed as 94.59% in equities, 0.00% in bonds, and 5.41% in cash and cash equivalents.
The fund managers responsible for Union Innovation & Opportunities Fund Direct Growth are:-
  1. Sanjay Bembalkar
  2. Gaurav Chopra