Union Innovation & Opportunities Fund
Thematic-InnovationVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹16.00-2.20%1 day
- Return since launch
- 17.9%
- 52-week range
- ₹12.13 — ₹16.36
- AUM
- ₹1,344 Cr
Union Innovation & Opportunities Fund is a Thematic-Innovation equity fund from Union Mutual Fund with ₹1,344 Cr under management, launched in 2023. Over three years it has returned 14.9% a year, against 17.1% for its category. The expense ratio is 2.34% 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 +10.0% against +6.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 24.0% | +15.8 pts | 8.2% | 13.9% |
| 2Y | 14.7% | +3.8 pts | 10.9% | 9.9% |
| 3Y | 14.9% | −2.2 pts | 17.1% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.9% | +0.5 pts | -2.4% | -2.9% |
| 3M | 8.5% | +2.7 pts | 5.8% | 4.2% |
| 6M | 25.7% | +5.1 pts | 20.6% | 18.4% |
| 1Y | 10.0% | +1.8 pts | 8.2% | 6.6% |
| 2Y | 4.7% | +2.2 pts | 2.5% | 2.7% |
| 3Y | 17.7% | +0.6 pts | 17.1% | 15.9% |
Since launch (16 Aug 2023): 17.9%
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
2.36%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.46%
- 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.
Portfolio
Union Innovation & Opportunities Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.4%
- Debt0.1%
- Other2.5%
Market cap split
- Large13.8%
- Mid28.8%
- Small57.4%
- P/E
- 63.36
- P/B
- 6.02
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One97 Communications Ltd. | Services | 5.22% | ₹70.14 Cr | +3.68% | +3.61% | +2.52% |
| Eternal Ltd. | Services | 4.78% | ₹64.31 Cr | +4.56% | +3.71% | +5.48% |
| Ather Energy Ltd. | Automobile | 3.62% | ₹48.73 Cr | +2.90% | +2.32% | +1.36% |
| Info Edge (India) Ltd. | Services | 3.01% | ₹40.42 Cr | +2.16% | +3.94% | +3.88% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 2.96% | ₹39.77 Cr | +3.49% | +2.99% | +2.68% |
| GE Vernova T&D India Ltd | Capital Goods | 2.90% | ₹38.93 Cr | +3.69% | +3.42% | +4.60% |
| Sai Life Sciences Ltd. | Healthcare | 2.90% | ₹38.99 Cr | +2.71% | +2.38% | — |
| Acutaas Chemicals Ltd. | Healthcare | 2.76% | ₹37.16 Cr | +3.77% | +4.03% | +3.31% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 2.73% | ₹36.66 Cr | +2.95% | +3.03% | +2.13% |
| Sona BLW Precision Forgings Ltd. | Automobile | 2.70% | ₹36.30 Cr | +2.01% | — | — |
| Others | Others | 2.55% | ₹34.10 Cr | +1.04% | -0.20% | -0.12% |
| Affle 3I Ltd. | Technology | 2.45% | ₹32.98 Cr | +2.64% | +2.57% | +3.43% |
| Honasa Consumer Ltd. | Consumer Staples | 2.41% | ₹32.44 Cr | +2.07% | +0.92% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 2.37% | ₹31.89 Cr | +2.40% | +2.43% | +1.83% |
| The Phoenix Mills Ltd. | Construction | 2.35% | ₹31.54 Cr | +2.57% | +2.61% | +2.07% |
| Delhivery Ltd. | Services | 2.34% | ₹31.53 Cr | +2.47% | +2.45% | +2.13% |
| CarTrade Tech Ltd. | Services | 2.31% | ₹31.10 Cr | +1.20% | +1.25% | +2.17% |
| JSW Energy Ltd. | Capital Goods | 2.28% | ₹30.70 Cr | +3.07% | +2.73% | +1.96% |
| SJS Enterprises Ltd. | Automobile | 2.24% | ₹30.13 Cr | +2.68% | +2.43% | +2.11% |
| Billionbrains Garage Ventures Ltd. | Financial | 2.14% | ₹28.81 Cr | +1.72% | — | — |
| Syrma SGS Technology Ltd. | Capital Goods | 2.10% | ₹28.18 Cr | +1.87% | +0.49% | — |
| Inventurus Knowledge Solutions Ltd. | Services | 2.01% | ₹27.08 Cr | +2.29% | +2.14% | +1.84% |
| Shriram Finance Ltd | Financial | 1.98% | ₹26.58 Cr | +1.54% | +2.25% | — |
| RBL Bank Ltd. | Financial | 1.97% | ₹26.46 Cr | — | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.79% | ₹24.12 Cr | +2.64% | +2.81% | +2.50% |
| The Federal Bank Ltd. | Financial | 1.79% | ₹24.06 Cr | +3.62% | +4.33% | +2.69% |
| Aether Industries Ltd. | Chemicals | 1.78% | ₹23.90 Cr | +0.96% | — | — |
| Saregama India Ltd. | Services | 1.59% | ₹21.33 Cr | +1.33% | +0.71% | +0.88% |
| Gabriel India Ltd. | Automobile | 1.56% | ₹20.94 Cr | +1.44% | +1.42% | +1.68% |
| PB Fintech Ltd. | Services | 1.53% | ₹20.52 Cr | +1.90% | +1.80% | +3.65% |
| MTAR Technologies Ltd. | Capital Goods | 1.51% | ₹20.24 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.49% | ₹20.07 Cr | +1.85% | +1.59% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.48% | ₹19.87 Cr | +0.83% | — | — |
| Sagility Ltd. | Services | 1.48% | ₹19.95 Cr | +1.52% | +1.59% | — |
| UNO Minda Ltd. | Automobile | 1.39% | ₹18.69 Cr | +0.46% | +1.24% | +2.74% |
| Ethos Ltd. | Services | 1.35% | ₹18.11 Cr | +1.30% | +1.44% | +1.37% |
| Urban Company Ltd. | Consumer Staples | 1.19% | ₹16.02 Cr | +1.01% | +0.88% | — |
| Neogen Chemicals Ltd. | Chemicals | 1.12% | ₹15.08 Cr | +1.11% | +0.95% | +0.72% |
| KFin Technologies Ltd. | Financial | 1.11% | ₹14.97 Cr | +1.16% | +1.83% | +1.99% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.10% | ₹14.76 Cr | +0.36% | — | +2.65% |
| Fractal Analytics Ltd. | Technology | 1.08% | ₹14.57 Cr | +1.34% | +0.82% | — |
| Navin Fluorine International Ltd. | Chemicals | 1.06% | ₹14.30 Cr | +1.03% | +0.98% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.00% | ₹13.44 Cr | +2.35% | +2.76% | +1.62% |
| Swiggy Ltd. | Services | 1.00% | ₹13.51 Cr | +0.67% | +2.10% | +1.92% |
| FSN E-Commerce Ventures Ltd. | Services | 0.99% | ₹13.26 Cr | +1.40% | +1.94% | +2.93% |
| Shadowfax Technologies Ltd. | Services | 0.98% | ₹13.14 Cr | — | — | — |
| Gokaldas Exports Ltd. | Textiles | 0.88% | ₹11.77 Cr | +0.64% | +0.50% | +0.53% |
| Capillary Technologies India Ltd. | Technology | 0.78% | ₹10.42 Cr | +0.95% | +0.85% | — |
| company:15443 | Consumer Discretionary | 0.76% | ₹10.19 Cr | — | — | — |
| Home First Finance Company India Ltd. | Financial | 0.73% | ₹9.87 Cr | +0.79% | +0.87% | +2.37% |
| company:20795 | Technology | 0.63% | ₹8.49 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 0.58% | ₹7.83 Cr | +1.07% | +3.07% | +3.52% |
| Inox India Ltd. | Metals & Mining | 0.49% | ₹6.58 Cr | — | — | — |
| Meesho Ltd. | Services | 0.33% | ₹4.49 Cr | +0.35% | +0.33% | — |
| company:1897 | Capital Goods | 0.29% | ₹3.91 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.05% | ₹0.63 Cr | +0.04% | +0.47% | +0.06% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.03% | ₹0.47 Cr | +0.04% | +0.04% | +0.04% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| One97 Communications Ltd. | 4.38% | 5.22% | +0.84% |
| company:15443 | 0.00% | 0.76% | +0.76% |
| TVS Motor Company Ltd. | 1.26% | 0.58% | -0.68% |
| company:20795 | 0.00% | 0.63% | +0.63% |
| Wockhardt Ltd. | 0.59% | 0.00% | -0.59% |
| Others | -0.39% | 0.16% | +0.55% |
| SJS Enterprises Ltd. | 2.78% | 2.24% | -0.54% |
| The Federal Bank Ltd. | 2.28% | 1.79% | -0.49% |
| Bharat Electronics Ltd. | 1.48% | 1.00% | -0.48% |
| Ather Energy Ltd. | 3.20% | 3.62% | +0.42% |
| Info Edge (India) Ltd. | 2.60% | 3.01% | +0.41% |
| Data Patterns (India) Ltd. | 1.13% | 1.49% | +0.36% |
| JSW Energy Ltd. | 2.61% | 2.28% | -0.33% |
| Delhivery Ltd. | 2.66% | 2.34% | -0.32% |
| GE Vernova T&D India Ltd | 2.60% | 2.90% | +0.30% |
| Inventurus Knowledge Solutions Ltd. | 2.30% | 2.01% | -0.29% |
| company:1897 | 0.00% | 0.29% | +0.29% |
| Saregama India Ltd. | 1.86% | 1.59% | -0.27% |
| Krishna Institute of Medical Sciences Ltd | 2.05% | 1.79% | -0.26% |
| MTAR Technologies Ltd. | 1.31% | 1.51% | +0.20% |
| Urban Company Ltd. | 0.99% | 1.19% | +0.20% |
| Billionbrains Garage Ventures Ltd. | 2.33% | 2.14% | -0.19% |
| CarTrade Tech Ltd. | 2.15% | 2.31% | +0.16% |
| Affle 3I Ltd. | 2.61% | 2.45% | -0.16% |
| The Phoenix Mills Ltd. | 2.51% | 2.35% | -0.16% |
| Acutaas Chemicals Ltd. | 2.91% | 2.76% | -0.15% |
| Lenskart Solutions Ltd. | 1.34% | 1.48% | +0.14% |
| PB Fintech Ltd. | 1.40% | 1.53% | +0.13% |
| Amber Enterprises India Ltd. | 2.49% | 2.37% | -0.12% |
| Gabriel India Ltd. | 1.68% | 1.56% | -0.12% |
| Sai Life Sciences Ltd. | 2.80% | 2.90% | +0.10% |
| Swiggy Ltd. | 1.09% | 1.00% | -0.09% |
| Ethos Ltd. | 1.28% | 1.35% | +0.07% |
| Home First Finance Company India Ltd. | 0.80% | 0.73% | -0.07% |
| Navin Fluorine International Ltd. | 1.00% | 1.06% | +0.06% |
| ZF Commercial Vehicle Control Systems India Ltd. | 2.79% | 2.73% | -0.06% |
| Capillary Technologies India Ltd. | 0.84% | 0.78% | -0.06% |
| RBL Bank Ltd. | 1.92% | 1.97% | +0.05% |
| Eternal Ltd. | 4.73% | 4.78% | +0.05% |
| KFin Technologies Ltd. | 1.16% | 1.11% | -0.05% |
| Aether Industries Ltd. | 1.74% | 1.78% | +0.04% |
| Sona BLW Precision Forgings Ltd. | 2.74% | 2.70% | -0.04% |
| Syrma SGS Technology Ltd. | 2.14% | 2.10% | -0.04% |
| CG Power and Industrial Solutions Ltd. | 2.99% | 2.96% | -0.03% |
| Fractal Analytics Ltd. | 1.11% | 1.08% | -0.03% |
| FSN E-Commerce Ventures Ltd. | 1.01% | 0.99% | -0.02% |
| Gokaldas Exports Ltd. | 0.90% | 0.88% | -0.02% |
| Inox India Ltd. | 0.47% | 0.49% | +0.02% |
| Shriram Finance Ltd | 2.00% | 1.98% | -0.02% |
| Dixon Technologies (India) Ltd. | 1.11% | 1.10% | -0.01% |
| Meesho Ltd. | 0.32% | 0.33% | +0.01% |
| Neogen Chemicals Ltd. | 1.11% | 1.12% | +0.01% |
| Sagility Ltd. | 1.47% | 1.48% | +0.01% |
| Shadowfax Technologies Ltd. | 0.99% | 0.98% | -0.01% |
| UNO Minda Ltd. | 1.38% | 1.39% | +0.01% |
| TVS Motor Company Ltd - Pref. Shares | 0.04% | 0.03% | -0.01% |
| Honasa Consumer Ltd. | 2.42% | 2.41% | -0.01% |
| 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 | ₹4,191 Cr | 2.11% | 14.5% | 11.8% | 16.5% |
 ICICI Prudential Innovation Fund | ₹8,012 Cr | 2.18% | 4.2% | 9.2% | — |
 Kotak Pioneer Fund | ₹4,281 Cr | 1.91% | 19.3% | 15.0% | 17.6% |
 Nippon India Innovation Fund | ₹3,108 Cr | 2.07% | 7.0% | 7.4% | — |
 Axis Innovation Fund | ₹1,363 Cr | 2.28% | 27.4% | 15.6% | 15.4% |
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 months25.69% absolute | ₹60,000 | ₹75,414 | 25.69% | |
| 1 year9.97% annualised | ₹1,20,000 | ₹1,26,682 | 5.57% | |
| 3 years17.71% annualised | ₹3,60,000 | ₹4,77,561 | 32.66% |
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 ₹16.00 as on 24 Sep 2026.
What is the expense ratio of Union Innovation & Opportunities Fund?
The expense ratio of Union Innovation & Opportunities Fund is 2.34% 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 ₹28,513 Cr under management.