Union Innovation & Opportunities Fund - Regular Plan - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 100% of historical 3-year rolling periods.
- Generated +5.5% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 2.31% is lower than category median (2.52%).
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +6.16% | +6.32% | -0.16% |
| 3 Months | +1.68% | -0.20% | +1.88% |
| 6 Months | +14.55% | +5.98% | +8.57% |
| 1 Year | +12.04% | +3.90% | +8.14% |
| 3 Years CAGR | +18.29% | +13.23% | +5.06% |
| Since Inception | +17.11% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Union Innovation & Opportunities Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +15.35% | +4.03% | +11.32% |
| 2025 | -4.05% | +1.43% | -5.48% |
| 2024 | +40.82% | +20.41% | +20.41% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -7.89% | +12.83% | +8.77% | +49.95% | 91.0% | 81.6% |
| 3-Year Rolling | +15.33% | +16.71% | +16.66% | +18.62% | 100.0% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-12-17 | 2025-04-07 | -24.3% | 4 months | 15 months |
| 2026-09-23 | 2026-10-23 | -10.7% | 1 months | 1 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & Equity related instruments including Instruments of Innovative entity(ies) | 80% - 100% of net assets, Equity and Equity Related Instruments of other than above entity(ies): 0% - 20% of net assets, Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI: 0%-20% of net assets and Units issued by InvITs: 0% - 10% of net assets. Please refer the Scheme Information Document for more details. |
Investment Objective & Strategy
The Investment Objective of the Scheme is to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 1,380 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| quant BFSI Fund | 5.7 | +19.45% | 3.35% | 101.2% | Rs 916 cr | Compare → |
| SBI BANKING & FINANCIAL SERVICES FUND | 6.1 | +16.68% | 2.16% | 77.4% | Rs 11,653 cr | Compare → |
| BANDHAN TRANSPORTATION AND LOGISTICS FUND | 6.4 | +17.96% | - | 103.8% | Rs 762 cr | Compare → |
| SBI PSU Fund | 6.7 | +19.75% | 1.95% | 112.7% | Rs 6,737 cr | Compare → |
| Kotak Business Cycle Fund | 7.3 | +16.30% | 2.01% | 87.3% | Rs 3,610 cr | Compare → |
Frequently Asked Questions about Union Innovation & Opportunities Fund
What is the expense ratio of Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund has a total expense ratio (TER) of 2.31% with a base expense ratio of 1.84%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund is managed by Gaurav Chopra.
What are the historical returns of Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund delivered a 3-year CAGR of 18.29%. Its 1-year return stands at +12.04%.
How large is Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund manages assets of Rs 1,380 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is Union Innovation & Opportunities Fund scored on MFIQ?
Union Innovation & Opportunities Fund holds an MFIQ Score of 6.6/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 18.08% with a maximum historical drawdown of -24.26%.