Union Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹28.56+0.42%1 day
- Return since launch
- 14.0%
- 52-week range
- ₹25.66 — ₹29.52
- AUM
- ₹378 Cr
Union Value Fund is a Value & Contra equity fund from Union Mutual Fund with ₹378 Cr under management, launched in 2018. Over three years it has returned 4.2% a year, against 12.3% for its category. The expense ratio is 2.71% and the SEBI riskometer reading is Very High.
Performance
Union Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -1.6% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.4% | +0.4 pts | 1.1% | 3.2% |
| 2Y | 3.0% | −0.9 pts | 3.9% | 3.1% |
| 3Y | 4.2% | −8.1 pts | 12.3% | 4.3% |
| 5Y | 10.2% | −1.1 pts | 11.3% | 10.4% |
| 7Y | 13.6% | −1.1 pts | 14.8% | 13.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.5% | −0.3 pts | 5.9% | 6.3% |
| 3M | -2.8% | −1.7 pts | -1.1% | -1.5% |
| 6M | 1.8% | −0.8 pts | 2.6% | 2.1% |
| 1Y | -1.4% | −2.4 pts | 1.1% | -0.2% |
| 2Y | 1.6% | +0.1 pts | 1.5% | 1.1% |
| 3Y | 10.7% | −1.7 pts | 12.3% | 11.7% |
| 5Y | 10.2% | −1.1 pts | 11.3% | 10.6% |
| 7Y | 15.2% | −0.9 pts | 16.1% | 15.0% |
Since launch (14 Nov 2018): 14.0%
Calendar-year returns
Category average17.5%
32.4%
4.9%
33.3%
16.5%
6.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.7% | +0.9 pts | 5.8% |
| 2024 | 16.5% | −5.7 pts | 22.2% |
| 2023 | 33.3% | −2.1 pts | 35.3% |
| 2022 | 4.9% | −2.6 pts | 7.5% |
| 2021 | 32.4% | −5.1 pts | 37.6% |
| 2020 | 17.5% | +0.4 pts | 17.1% |
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
2.70%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.53%
- Exit load
- Exit load of 1%, if redeemed within 15 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 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 | -0.10 | 5.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.93 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.31 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.43 | 0.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.96 | 16.67 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Union Value Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity96.3%
- Debt0.1%
- Other3.6%
Market cap split
- Large58.4%
- Mid15.2%
- Small26.4%
- P/E
- 25.31
- P/B
- 3.16
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.44% | ₹24.34 Cr | +5.09% | +3.65% | +3.25% |
| HDFC Bank Ltd. | Financial | 4.12% | ₹15.58 Cr | +4.99% | +4.80% | +7.37% |
| Reliance Industries Ltd. | Energy | 3.75% | ₹14.17 Cr | +3.92% | +5.02% | +3.89% |
| Others | Others | 3.58% | ₹13.49 Cr | -1.12% | -1.84% | -0.30% |
| Axis Bank Ltd. | Financial | 3.21% | ₹12.13 Cr | +2.86% | +1.53% | +1.81% |
| Bharti Airtel Ltd. | Communication | 2.98% | ₹11.25 Cr | +3.01% | +2.96% | +2.56% |
| State Bank of India | Financial | 2.93% | ₹11.08 Cr | +3.01% | +3.82% | +2.55% |
| Shriram Finance Ltd | Financial | 2.73% | ₹10.32 Cr | +2.78% | +3.10% | +1.39% |
| NTPC Ltd. | Energy | 2.21% | ₹8.36 Cr | +3.25% | +3.51% | +3.41% |
| Tech Mahindra Ltd. | Technology | 2.19% | ₹8.26 Cr | +0.47% | +0.54% | +1.37% |
| Larsen & Toubro Ltd. | Construction | 2.16% | ₹8.16 Cr | +2.28% | +2.26% | +3.08% |
| Gabriel India Ltd. | Automobile | 2.02% | ₹7.62 Cr | +2.45% | +2.13% | +3.02% |
| Maruti Suzuki India Ltd. | Automobile | 2.00% | ₹7.54 Cr | +2.99% | +2.31% | +2.98% |
| Jindal Steel Ltd. | Metals & Mining | 1.92% | ₹7.25 Cr | +1.04% | +1.63% | +1.54% |
| Nippon Life India Asset Management Ltd. | Financial | 1.67% | ₹6.31 Cr | +1.74% | +1.88% | +1.38% |
| The Phoenix Mills Ltd. | Construction | 1.66% | ₹6.27 Cr | +1.60% | +1.44% | +1.05% |
| Ajanta Pharma Ltd. | Healthcare | 1.64% | ₹6.19 Cr | +1.49% | +1.42% | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.64% | ₹6.21 Cr | +1.72% | +1.71% | +0.71% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.62% | ₹6.11 Cr | +2.28% | +1.83% | +0.99% |
| RBL Bank Ltd. | Financial | 1.60% | ₹6.05 Cr | — | — | — |
| Power Mech Projects Ltd. | Construction | 1.51% | ₹5.71 Cr | +1.61% | — | — |
| Info Edge (India) Ltd. | Services | 1.49% | ₹5.63 Cr | +0.59% | +1.08% | +1.50% |
| V-Mart Retail Ltd. | Services | 1.47% | ₹5.55 Cr | +1.46% | — | — |
| Carborundum Universal Ltd. | Metals & Mining | 1.41% | ₹5.32 Cr | +1.12% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.40% | ₹5.28 Cr | — | — | — |
| Engineers India Ltd. | Construction | 1.35% | ₹5.11 Cr | +1.01% | — | +0.74% |
| Aarti Industries Ltd. | Chemicals | 1.30% | ₹4.92 Cr | +1.20% | +1.04% | — |
| Mphasis Ltd. | Technology | 1.27% | ₹4.80 Cr | +1.22% | +1.36% | +1.74% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.23% | ₹4.64 Cr | +0.99% | +1.03% | +0.94% |
| The Federal Bank Ltd. | Financial | 1.21% | ₹4.59 Cr | +2.15% | +2.37% | +1.30% |
| Bharat Electronics Ltd. | Capital Goods | 1.20% | ₹4.52 Cr | +1.74% | +1.98% | +2.38% |
| Tube Investments Of India Ltd. | Automobile | 1.19% | ₹4.51 Cr | +1.46% | +0.97% | +0.73% |
| Voltamp Transformers Ltd. | Capital Goods | 1.16% | ₹4.38 Cr | +1.89% | +2.26% | +1.57% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.13% | ₹4.29 Cr | +1.12% | +1.23% | +1.53% |
| Tata Motors Ltd. | Automobile | 1.12% | ₹4.22 Cr | +1.07% | +2.11% | — |
| Zydus Wellness Ltd. | Consumer Staples | 1.12% | ₹4.23 Cr | +1.21% | +1.04% | +1.11% |
| Max Financial Services Ltd. | Financial | 1.11% | ₹4.19 Cr | +1.51% | +1.66% | +1.48% |
| Berger Paints India Ltd. | Materials | 1.09% | ₹4.12 Cr | +1.07% | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.06% | ₹3.99 Cr | +1.11% | +0.99% | +1.10% |
| Nephrocare Health Services Ltd. | Healthcare | 1.01% | ₹3.82 Cr | +1.00% | +0.87% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.99% | ₹3.73 Cr | — | — | — |
| Tata Consultancy Services Ltd. | Technology | 0.98% | ₹3.69 Cr | +0.93% | +1.26% | +0.42% |
| Arvind Fashions Ltd. | Textiles | 0.95% | ₹3.59 Cr | +1.66% | +1.66% | +1.99% |
| Infosys Ltd. | Technology | 0.95% | ₹3.58 Cr | +1.60% | +2.34% | +3.20% |
| Tata Capital Ltd. | Financial | 0.95% | ₹3.58 Cr | +1.27% | +1.24% | — |
| Interglobe Aviation Ltd. | Services | 0.92% | ₹3.49 Cr | +1.64% | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.92% | ₹3.47 Cr | +0.71% | — | — |
| Adani Enterprises Ltd. | Services | 0.88% | ₹3.32 Cr | — | — | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 0.87% | ₹3.28 Cr | +0.86% | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.86% | ₹3.24 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 0.86% | ₹3.25 Cr | +1.26% | +1.04% | +1.35% |
| Tata Steel Ltd. | Metals & Mining | 0.83% | ₹3.14 Cr | +1.26% | +1.90% | +1.48% |
| Hindustan Unilever Ltd. | Consumer Staples | 0.80% | ₹3.01 Cr | +0.86% | +0.45% | +1.03% |
| LTM Limited | Technology | 0.80% | ₹3.03 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.79% | ₹3.00 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.79% | ₹2.98 Cr | +0.85% | — | +1.57% |
| Cipla Ltd. | Healthcare | 0.77% | ₹2.89 Cr | — | — | +0.80% |
| National Stock Exchange | Financial | 0.75% | ₹2.82 Cr | — | — | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 0.75% | ₹2.84 Cr | — | — | — |
| Inventurus Knowledge Solutions Ltd. | Services | 0.74% | ₹2.80 Cr | — | — | — |
| Campus Activewear Ltd. | Consumer Discretionary | 0.72% | ₹2.74 Cr | +0.78% | +0.85% | +0.88% |
| Gokaldas Exports Ltd. | Textiles | 0.71% | ₹2.67 Cr | +0.86% | +0.67% | +1.12% |
| HCL Technologies Ltd. | Technology | 0.70% | ₹2.64 Cr | +0.27% | +0.80% | — |
| Zydus Lifesciences Ltd. | Healthcare | 0.69% | ₹2.61 Cr | — | — | — |
| Star Cement Ltd. | Materials | 0.65% | ₹2.47 Cr | +0.72% | +0.63% | — |
| Cemindia Projects Ltd. | Construction | 0.56% | ₹2.13 Cr | +0.59% | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.55% | ₹2.08 Cr | — | — | — |
| Hero Motocorp Ltd. | Automobile | 0.53% | ₹1.99 Cr | +0.46% | +1.92% | +0.68% |
| ITC Ltd. | Consumer Staples | 0.49% | ₹1.87 Cr | +0.52% | +0.61% | +1.98% |
| Prestige Estates Projects Ltd. | Construction | 0.27% | ₹1.04 Cr | — | — | +0.89% |
| Reserve Bank of India | Financial | 0.03% | ₹0.13 Cr | +0.07% | +0.09% | +0.09% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 1.12% | 0.00% | -1.12% |
| Adani Ports and Special Economic Zone Ltd. | 0.00% | 0.86% | +0.86% |
| LTM Limited | 0.00% | 0.80% | +0.80% |
| HDFC Life Insurance Co Ltd. | 0.00% | 0.79% | +0.79% |
| National Stock Exchange | 0.00% | 0.75% | +0.75% |
| NTPC Ltd. | 2.95% | 2.21% | -0.74% |
| Inventurus Knowledge Solutions Ltd. | 0.00% | 0.74% | +0.74% |
| Zydus Lifesciences Ltd. | 0.00% | 0.69% | +0.69% |
| Interglobe Aviation Ltd. | 1.57% | 0.92% | -0.65% |
| Hindustan Aeronautics Ltd. | 0.48% | 0.99% | +0.51% |
| Cipla Ltd. | 1.25% | 0.77% | -0.48% |
| Fusion Finance Ltd. | 0.47% | 0.00% | -0.47% |
| Maruti Suzuki India Ltd. | 2.44% | 2.00% | -0.44% |
| Prestige Estates Projects Ltd. | 0.70% | 0.27% | -0.43% |
| Max Financial Services Ltd. | 1.48% | 1.11% | -0.37% |
| RBL Bank Ltd. | 1.24% | 1.60% | +0.36% |
| Ujjivan Small Finance Bank Ltd. | 1.98% | 1.64% | -0.34% |
| Tata Capital Ltd. | 1.26% | 0.95% | -0.31% |
| Bharat Electronics Ltd. | 1.47% | 1.20% | -0.27% |
| Engineers India Ltd. | 1.08% | 1.35% | +0.27% |
| ICICI Bank Ltd. | 6.71% | 6.44% | -0.27% |
| Tech Mahindra Ltd. | 1.93% | 2.19% | +0.26% |
| The Federal Bank Ltd. | 1.47% | 1.21% | -0.26% |
| Carborundum Universal Ltd. | 1.18% | 1.41% | +0.23% |
| HDFC Bank Ltd. | 3.91% | 4.12% | +0.21% |
| Shriram Finance Ltd | 2.92% | 2.73% | -0.19% |
| Others | -0.10% | -0.27% | -0.17% |
| Axis Bank Ltd. | 3.06% | 3.21% | +0.15% |
| State Bank of India | 3.07% | 2.93% | -0.14% |
| Tube Investments Of India Ltd. | 1.32% | 1.19% | -0.13% |
| The Phoenix Mills Ltd. | 1.54% | 1.66% | +0.12% |
| Kirloskar Oil Engines Ltd. | 1.73% | 1.62% | -0.11% |
| Arvind Fashions Ltd. | 1.05% | 0.95% | -0.10% |
| Tata Consultancy Services Ltd. | 1.08% | 0.98% | -0.10% |
| Clean Max Enviro Energy Solutions Ltd. | 0.77% | 0.87% | +0.10% |
| Ajanta Pharma Ltd. | 1.54% | 1.64% | +0.10% |
| Mphasis Ltd. | 1.36% | 1.27% | -0.09% |
| V-Mart Retail Ltd. | 1.56% | 1.47% | -0.09% |
| Jindal Steel Ltd. | 1.83% | 1.92% | +0.09% |
| Infosys Ltd. | 1.02% | 0.95% | -0.07% |
| Bharti Airtel Ltd. | 2.91% | 2.98% | +0.07% |
| Reliance Industries Ltd. | 3.82% | 3.75% | -0.07% |
| Aarti Industries Ltd. | 1.36% | 1.30% | -0.06% |
| Adani Enterprises Ltd. | 0.82% | 0.88% | +0.06% |
| Nippon Life India Asset Management Ltd. | 1.73% | 1.67% | -0.06% |
| Power Mech Projects Ltd. | 1.45% | 1.51% | +0.06% |
| Tata Motors Ltd. | 1.18% | 1.12% | -0.06% |
| Gokaldas Exports Ltd. | 0.76% | 0.71% | -0.05% |
| Krishna Institute of Medical Sciences Ltd | 1.01% | 1.06% | +0.05% |
| Larsen & Toubro Ltd. | 2.20% | 2.16% | -0.04% |
| Sky Gold And Diamonds Ltd. | 0.71% | 0.75% | +0.04% |
| Sun Pharmaceutical Industries Ltd. | 1.17% | 1.13% | -0.04% |
| ITC Ltd. | 0.45% | 0.49% | +0.04% |
| Tata Steel Ltd. | 0.79% | 0.83% | +0.04% |
| Berger Paints India Ltd. | 1.13% | 1.09% | -0.04% |
| Info Edge (India) Ltd. | 1.52% | 1.49% | -0.03% |
| Gabriel India Ltd. | 2.05% | 2.02% | -0.03% |
| Campus Activewear Ltd. | 0.74% | 0.72% | -0.02% |
| Nephrocare Health Services Ltd. | 0.99% | 1.01% | +0.02% |
| Star Cement Ltd. | 0.63% | 0.65% | +0.02% |
| Voltamp Transformers Ltd. | 1.14% | 1.16% | +0.02% |
| Zydus Wellness Ltd. | 1.10% | 1.12% | +0.02% |
| Balrampur Chini Mills Ltd. | 1.22% | 1.23% | +0.01% |
| Cemindia Projects Ltd. | 0.55% | 0.56% | +0.01% |
| HCL Technologies Ltd. | 0.71% | 0.70% | -0.01% |
| Hero Motocorp Ltd. | 0.52% | 0.53% | +0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.78% | 0.79% | +0.01% |
| Hindustan Unilever Ltd. | 0.79% | 0.80% | +0.01% |
| Samvardhana Motherson International Ltd. | 0.85% | 0.86% | +0.01% |
| Bharat Heavy Electricals Ltd. | 0.55% | 0.55% | 0.00% |
| Reserve Bank of India | 0.03% | 0.03% | 0.00% |
| Torrent Pharmaceuticals Ltd. | 1.40% | 1.40% | 0.00% |
| Vedanta Aluminium Metal Ltd. | 0.92% | 0.92% | 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 | ₹2,879 Cr | 2.41% | 12.1% | 10.0% | 14.5% |
 HDFC Value Fund | ₹8,039 Cr | 1.87% | 10.9% | 9.3% | 13.7% |
 DSP Value Fund | ₹2,225 Cr | 2.35% | 9.2% | 10.7% | 14.2% |
 Quant Value Fund | ₹1,917 Cr | 2.31% | 8.0% | 7.3% | — |
 Axis Value Fund | ₹1,877 Cr | 2.20% | 13.0% | 10.5% | 15.8% |
 LIC MF Value Fund | ₹336 Cr | 3.33% | 19.4% | 12.2% | 14.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related securities of companies which are undervalued (or are trading below their intrinsic value).
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
- Vinod MalviyaMr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
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 months1.78% absolute | ₹60,000 | ₹61,068 | 1.78% | |
| 1 year−1.35% annualised | ₹1,20,000 | ₹1,19,126 | −0.73% | |
| 3 years10.69% annualised | ₹3,60,000 | ₹4,25,991 | 18.33% | |
| 5 years10.22% annualised | ₹6,00,000 | ₹7,85,523 | 30.92% |
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 Value Fund?
The NAV of Union Value Fund is ₹28.56 as on 9 Nov 2026.
What is the expense ratio of Union Value Fund?
The expense ratio of Union Value Fund is 2.71% per year.
What is the minimum SIP amount for Union Value Fund?
You can start a SIP in Union Value Fund with ₹3,000 a month.
What returns has Union Value Fund given?
Union Value Fund has returned 1.4% over 1 year, 4.2% over 3 years and 10.2% over 5 years (annualised).
Is there a lock-in or exit load on Union Value Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 15 days..
How risky is Union Value Fund?
Union Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages Union Value Fund?
Union Value Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,977 Cr under management.