Union Innovation & Opportunities Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹16.24+1.18%1 day
- Return since launch
- 16.4%
- 52-week range
- ₹12.13 — ₹16.36
- AUM
- ₹1,307 Cr
Union Innovation & Opportunities Fund is a Thematic-Innovation equity fund from Union Mutual Fund with ₹1,307 Cr under management, launched in 2023. Over three years it has returned 14.2% a year, against 14.4% for its category. The expense ratio is 2.35% and the SEBI riskometer reading is Very High.
Performance
Union Innovation & Opportunities Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +11.1% against +6.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 23.9% | +15.7 pts | 8.2% | 14.0% |
| 2Y | 15.1% | +4.2 pts | 10.9% | 10.1% |
| 3Y | 14.2% | −0.2 pts | 14.4% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.2% | +0.7 pts | 3.5% | 3.7% |
| 3M | 1.3% | +1.7 pts | -0.4% | -1.2% |
| 6M | 13.6% | +3.9 pts | 9.7% | 8.2% |
| 1Y | 11.5% | +3.3 pts | 8.2% | 6.9% |
| 2Y | 7.8% | +1.9 pts | 5.9% | 5.9% |
| 3Y | 18.0% | +3.6 pts | 14.4% | 15.9% |
Since launch (16 Aug 2023): 16.4%
Calendar-year returns
Category average40.4%
-4.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -4.1% | −6.5 pts | 2.4% |
| 2024 | 40.4% | +11.6 pts | 28.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.31%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.43%
- Exit load
- Exit load of 1%, if redeemed within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 6.59 | 5.54 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.93 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.64 | 0.66 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.83 | 0.91 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.91 | 15.78 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Union Innovation & Opportunities Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity96.1%
- Debt0.1%
- Other3.8%
Market cap split
- Large13.6%
- Mid28.9%
- Small57.4%
- P/E
- 61.51
- P/B
- 5.65
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd. | Services | 5.25% | ₹68.54 Cr | +3.74% | +3.55% | +2.46% |
| Eternal Ltd. | Services | 4.80% | ₹62.73 Cr | +4.29% | +4.24% | +5.80% |
| Others | Others | 3.75% | ₹49.12 Cr | -0.20% | +1.16% | -0.50% |
| Info Edge (India) Ltd. | Services | 3.49% | ₹45.60 Cr | +1.42% | +4.02% | +3.62% |
| GE Vernova T&D India Ltd | Capital Goods | 3.20% | ₹41.86 Cr | +3.35% | +3.07% | +4.74% |
| Sai Life Sciences Ltd. | Healthcare | 3.12% | ₹40.72 Cr | +2.73% | +2.67% | — |
| Ather Energy Ltd. | Automobile | 3.09% | ₹40.43 Cr | +3.24% | +2.66% | +1.65% |
| Acutaas Chemicals Ltd. | Healthcare | 2.95% | ₹38.56 Cr | +3.43% | +4.56% | +3.00% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 2.84% | ₹37.08 Cr | +3.42% | +2.93% | +2.76% |
| Sona BLW Precision Forgings Ltd. | Automobile | 2.84% | ₹37.05 Cr | +2.18% | +1.33% | — |
| Syrma SGS Technology Ltd. | Capital Goods | 2.68% | ₹34.96 Cr | +2.26% | +1.08% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 2.59% | ₹33.86 Cr | +2.92% | +3.08% | +2.03% |
| The Phoenix Mills Ltd. | Construction | 2.46% | ₹32.12 Cr | +2.67% | +2.57% | +2.21% |
| RBL Bank Ltd. | Financial | 2.41% | ₹31.54 Cr | +1.47% | — | — |
| Affle 3I Ltd. | Technology | 2.39% | ₹31.18 Cr | +2.42% | +2.93% | +3.38% |
| CarTrade Tech Ltd. | Services | 2.31% | ₹30.15 Cr | +2.06% | +1.24% | +1.67% |
| Honasa Consumer Ltd. | Consumer Staples | 2.23% | ₹29.10 Cr | +2.55% | +1.64% | — |
| JSW Energy Ltd. | Capital Goods | 2.23% | ₹29.19 Cr | +2.84% | +2.86% | +2.06% |
| Delhivery Ltd. | Services | 2.17% | ₹28.31 Cr | +2.43% | +2.55% | +1.97% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 2.14% | ₹27.92 Cr | +2.53% | +2.28% | +1.97% |
| Billionbrains Garage Ventures Ltd. | Financial | 2.11% | ₹27.58 Cr | +2.17% | +0.96% | — |
| Inventurus Knowledge Solutions Ltd. | Services | 2.09% | ₹27.29 Cr | +2.17% | +2.13% | +1.71% |
| SJS Enterprises Ltd. | Automobile | 2.09% | ₹27.33 Cr | +2.67% | +2.32% | +2.28% |
| Aether Industries Ltd. | Chemicals | 1.84% | ₹24.01 Cr | +1.59% | +0.87% | — |
| Shriram Finance Ltd | Financial | 1.80% | ₹23.53 Cr | +1.85% | +1.97% | — |
| Saregama India Ltd. | Services | 1.72% | ₹22.51 Cr | +1.81% | +0.83% | +0.83% |
| MTAR Technologies Ltd. | Capital Goods | 1.71% | ₹22.40 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.69% | ₹22.04 Cr | +1.23% | +1.78% | — |
| The Federal Bank Ltd. | Financial | 1.64% | ₹21.41 Cr | +3.90% | +4.06% | +2.61% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.57% | ₹20.55 Cr | +1.02% | — | — |
| Gabriel India Ltd. | Automobile | 1.50% | ₹19.54 Cr | +1.49% | +1.28% | +1.66% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.42% | ₹18.61 Cr | +2.68% | +2.54% | +2.34% |
| Sagility Ltd. | Services | 1.38% | ₹18.05 Cr | +1.38% | +1.74% | — |
| UNO Minda Ltd. | Automobile | 1.31% | ₹17.14 Cr | +0.94% | +0.97% | +2.69% |
| Neogen Chemicals Ltd. | Chemicals | 1.29% | ₹16.79 Cr | +1.15% | +0.78% | +0.74% |
| Ethos Ltd. | Services | 1.21% | ₹15.85 Cr | +1.27% | +1.40% | +1.48% |
| Urban Company Ltd. | Consumer Staples | 1.16% | ₹15.10 Cr | +1.04% | +1.05% | +1.35% |
| Shadowfax Technologies Ltd. | Services | 1.09% | ₹14.25 Cr | +0.49% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.04% | ₹13.59 Cr | +1.05% | +1.05% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.00% | ₹13.02 Cr | +0.75% | — | +2.51% |
| KFin Technologies Ltd. | Financial | 0.99% | ₹12.97 Cr | +1.12% | +1.39% | +1.98% |
| Fractal Analytics Ltd. | Technology | 0.97% | ₹12.66 Cr | +1.25% | +0.97% | — |
| Bharat Electronics Ltd. | Capital Goods | 0.96% | ₹12.59 Cr | +2.23% | +2.70% | +1.72% |
| FSN E-Commerce Ventures Ltd. | Services | 0.93% | ₹12.14 Cr | +1.35% | +1.69% | +2.86% |
| Swiggy Ltd. | Services | 0.92% | ₹11.98 Cr | +0.47% | +1.96% | +1.92% |
| Capillary Technologies India Ltd. | Technology | 0.91% | ₹11.83 Cr | +0.90% | +0.85% | — |
| Gokaldas Exports Ltd. | Textiles | 0.91% | ₹11.95 Cr | +0.94% | +0.59% | +0.55% |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 0.78% | ₹10.24 Cr | — | — | — |
| PB Fintech Ltd. | Services | 0.61% | ₹7.92 Cr | +1.47% | +1.88% | +2.94% |
| TVS Motor Company Ltd. | Automobile | 0.57% | ₹7.40 Cr | +1.04% | +2.89% | +3.57% |
| Shiprocket Ltd. | Technology | 0.56% | ₹7.34 Cr | — | — | — |
| Inox India Ltd. | Metals & Mining | 0.48% | ₹6.33 Cr | — | — | — |
| Meesho Ltd. | Services | 0.38% | ₹4.98 Cr | +0.35% | +0.32% | — |
| KSB Ltd. | Capital Goods | 0.32% | ₹4.15 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.05% | ₹0.63 Cr | +0.04% | +0.51% | +0.06% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| PB Fintech Ltd. | 1.53% | 0.61% | -0.92% |
| Home First Finance Company India Ltd. | 0.73% | 0.00% | -0.73% |
| Syrma SGS Technology Ltd. | 2.10% | 2.68% | +0.58% |
| Ather Energy Ltd. | 3.62% | 3.09% | -0.53% |
| Info Edge (India) Ltd. | 3.01% | 3.49% | +0.48% |
| RBL Bank Ltd. | 1.97% | 2.41% | +0.44% |
| Krishna Institute of Medical Sciences Ltd | 1.79% | 1.42% | -0.37% |
| GE Vernova T&D India Ltd | 2.90% | 3.20% | +0.30% |
| Amber Enterprises India Ltd. | 2.37% | 2.14% | -0.23% |
| Sai Life Sciences Ltd. | 2.90% | 3.12% | +0.22% |
| Data Patterns (India) Ltd. | 1.49% | 1.69% | +0.20% |
| MTAR Technologies Ltd. | 1.51% | 1.71% | +0.20% |
| Acutaas Chemicals Ltd. | 2.76% | 2.95% | +0.19% |
| Honasa Consumer Ltd. | 2.41% | 2.23% | -0.18% |
| Shriram Finance Ltd | 1.98% | 1.80% | -0.18% |
| Delhivery Ltd. | 2.34% | 2.17% | -0.17% |
| Neogen Chemicals Ltd. | 1.12% | 1.29% | +0.17% |
| SJS Enterprises Ltd. | 2.24% | 2.09% | -0.15% |
| The Federal Bank Ltd. | 1.79% | 1.64% | -0.15% |
| Ethos Ltd. | 1.35% | 1.21% | -0.14% |
| ZF Commercial Vehicle Control Systems India Ltd. | 2.73% | 2.59% | -0.14% |
| Sona BLW Precision Forgings Ltd. | 2.70% | 2.84% | +0.14% |
| Capillary Technologies India Ltd. | 0.78% | 0.91% | +0.13% |
| Saregama India Ltd. | 1.59% | 1.72% | +0.13% |
| CG Power and Industrial Solutions Ltd. | 2.96% | 2.84% | -0.12% |
| KFin Technologies Ltd. | 1.11% | 0.99% | -0.12% |
| Fractal Analytics Ltd. | 1.08% | 0.97% | -0.11% |
| Shadowfax Technologies Ltd. | 0.98% | 1.09% | +0.11% |
| The Phoenix Mills Ltd. | 2.35% | 2.46% | +0.11% |
| Dixon Technologies (India) Ltd. | 1.10% | 1.00% | -0.10% |
| Sagility Ltd. | 1.48% | 1.38% | -0.10% |
| Lenskart Solutions Ltd. | 1.48% | 1.57% | +0.09% |
| Inventurus Knowledge Solutions Ltd. | 2.01% | 2.09% | +0.08% |
| Swiggy Ltd. | 1.00% | 0.92% | -0.08% |
| UNO Minda Ltd. | 1.39% | 1.31% | -0.08% |
| Shiprocket Ltd. | 0.63% | 0.56% | -0.07% |
| Aether Industries Ltd. | 1.78% | 1.84% | +0.06% |
| Affle 3I Ltd. | 2.45% | 2.39% | -0.06% |
| Gabriel India Ltd. | 1.56% | 1.50% | -0.06% |
| Others | 0.16% | 0.10% | -0.06% |
| FSN E-Commerce Ventures Ltd. | 0.99% | 0.93% | -0.06% |
| Meesho Ltd. | 0.33% | 0.38% | +0.05% |
| JSW Energy Ltd. | 2.28% | 2.23% | -0.05% |
| Bharat Electronics Ltd. | 1.00% | 0.96% | -0.04% |
| Billionbrains Garage Ventures Ltd. | 2.14% | 2.11% | -0.03% |
| One 97 Communications Ltd. | 5.22% | 5.25% | +0.03% |
| Gokaldas Exports Ltd. | 0.88% | 0.91% | +0.03% |
| KSB Ltd. | 0.29% | 0.32% | +0.03% |
| Urban Company Ltd. | 1.19% | 1.16% | -0.03% |
| company:20133 | 0.03% | 0.00% | -0.03% |
| Navin Fluorine International Ltd. | 1.06% | 1.04% | -0.02% |
| Sky Gold And Diamonds Ltd. | 0.76% | 0.78% | +0.02% |
| Eternal Ltd. | 4.78% | 4.80% | +0.02% |
| Inox India Ltd. | 0.49% | 0.48% | -0.01% |
| TVS Motor Company Ltd. | 0.58% | 0.57% | -0.01% |
| CarTrade Tech Ltd. | 2.31% | 2.31% | 0.00% |
| Reserve Bank of India | 0.05% | 0.05% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,992 Cr | 2.11% | 11.8% | 9.9% | 15.2% |
 ICICI Prudential Innovation Fund | ₹7,434 Cr | 2.16% | 5.1% | 7.8% | — |
 Kotak Pioneer Fund | ₹4,295 Cr | 1.90% | 11.4% | 11.5% | 15.6% |
 Nippon India Innovation Fund | ₹2,923 Cr | 2.10% | 5.8% | 5.8% | — |
 Axis Innovation Fund | ₹1,315 Cr | 2.27% | 24.9% | 14.3% | 14.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.
Fund managers
- Gaurav ChopraMr. Chopra has done B.Com, Chartered Accountant and CFA (Level III cleared)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
- Sanjay BembalkarMr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.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
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months13.57% absolute | ₹60,000 | ₹68,142 | 13.57% | |
| 1 year11.46% annualised | ₹1,20,000 | ₹1,27,716 | 6.43% | |
| 3 years17.98% annualised | ₹3,60,000 | ₹4,79,693 | 33.25% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Union Innovation & Opportunities Fund?
The NAV of Union Innovation & Opportunities Fund is ₹16.24 as on 9 Nov 2026.
What is the expense ratio of Union Innovation & Opportunities Fund?
The expense ratio of Union Innovation & Opportunities Fund is 2.35% per year.
What is the minimum SIP amount for Union Innovation & Opportunities Fund?
You can start a SIP in Union Innovation & Opportunities Fund with ₹3,000 a month.
Is there a lock-in or exit load on Union Innovation & Opportunities Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 1 year..
How risky is Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Innovation category.
Which fund house manages Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,977 Cr under management.