Union Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹27.99+0.39%1 day
- Return since launch
- 14.0%
- 52-week range
- ₹25.66 — ₹29.52
- AUM
- ₹399 Cr
Union Value Fund is a Value & Contra equity fund from Union Mutual Fund with ₹399 Cr under management, launched in 2018. Over three years it has returned 3.7% a year, against 11.9% for its category. The expense ratio is 2.73% 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 +0.7% against +0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -2.6% | −5.0 pts | 2.4% | -1.9% |
| 2Y | 1.0% | −0.4 pts | 1.4% | 0.4% |
| 3Y | 3.7% | −8.1 pts | 11.9% | 3.5% |
| 5Y | 10.2% | −1.3 pts | 11.5% | 10.1% |
| 7Y | 13.8% | −1.0 pts | 14.8% | 13.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | −0.5 pts | -3.2% | -3.1% |
| 3M | -2.8% | −1.9 pts | -0.8% | -1.1% |
| 6M | 6.9% | −1.9 pts | 8.7% | 7.7% |
| 1Y | 0.7% | −1.7 pts | 2.4% | 0.6% |
| 2Y | -2.2% | +0.9 pts | -3.0% | -3.5% |
| 3Y | 10.7% | −1.1 pts | 11.9% | 10.9% |
| 5Y | 10.7% | −0.8 pts | 11.5% | 10.8% |
| 7Y | 15.5% | −0.4 pts | 15.9% | 14.9% |
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
2.71%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.54%
- 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 | 0.87 | 5.39 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.91 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.50 | 0.77 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.66 | 1.08 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.40 | 16.29 | 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 31 Aug 2026
Asset allocation
- Equity96.5%
- Debt0.0%
- Other3.5%
Market cap split
- Large57.5%
- Mid16.8%
- Small25.7%
- P/E
- 26.33
- P/B
- 3.24
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.71% | ₹26.78 Cr | +3.52% | +4.15% | +3.46% |
| HDFC Bank Ltd. | Financial | 3.91% | ₹15.58 Cr | +4.39% | +5.70% | +7.58% |
| Reliance Industries Ltd. | Energy | 3.82% | ₹15.25 Cr | +4.21% | +4.53% | +3.97% |
| Others | Others | 3.48% | ₹13.75 Cr | -0.12% | -0.78% | -0.38% |
| State Bank of India | Financial | 3.07% | ₹12.24 Cr | +2.97% | +4.21% | +2.41% |
| Axis Bank Ltd. | Financial | 3.06% | ₹12.19 Cr | +2.21% | +1.64% | +1.71% |
| NTPC Ltd. | Energy | 2.95% | ₹11.75 Cr | +3.71% | +2.69% | +3.37% |
| Shriram Finance Ltd | Financial | 2.92% | ₹11.65 Cr | +3.03% | +3.45% | +1.35% |
| Bharti Airtel Ltd. | Communication | 2.91% | ₹11.60 Cr | +3.12% | +2.81% | +2.64% |
| Maruti Suzuki India Ltd. | Automobile | 2.44% | ₹9.75 Cr | +2.92% | +2.50% | +2.28% |
| Larsen & Toubro Ltd. | Construction | 2.20% | ₹8.78 Cr | +2.36% | +3.16% | +3.12% |
| Gabriel India Ltd. | Automobile | 2.05% | ₹8.17 Cr | +2.55% | +2.31% | +3.75% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.98% | ₹7.91 Cr | +1.66% | +1.77% | +0.68% |
| Tech Mahindra Ltd. | Technology | 1.93% | ₹7.68 Cr | +0.52% | +0.48% | +1.48% |
| Jindal Steel Ltd. | Metals & Mining | 1.83% | ₹7.31 Cr | +1.59% | +1.63% | +1.41% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.73% | ₹6.91 Cr | +1.95% | +1.60% | +0.99% |
| Nippon Life India Asset Management Ltd. | Financial | 1.73% | ₹6.92 Cr | +2.32% | +1.96% | +0.80% |
| Interglobe Aviation Ltd. | Services | 1.57% | ₹6.28 Cr | — | — | — |
| V-Mart Retail Ltd. | Services | 1.56% | ₹6.24 Cr | +1.31% | — | — |
| Ajanta Pharma Ltd. | Healthcare | 1.54% | ₹6.16 Cr | +1.34% | +0.96% | — |
| The Phoenix Mills Ltd. | Construction | 1.54% | ₹6.15 Cr | +1.53% | +1.43% | +1.04% |
| Info Edge (India) Ltd. | Services | 1.52% | ₹6.06 Cr | +0.63% | +1.03% | +1.60% |
| Max Financial Services Ltd. | Financial | 1.48% | ₹5.90 Cr | +1.67% | +1.55% | +1.84% |
| Bharat Electronics Ltd. | Capital Goods | 1.47% | ₹5.86 Cr | +1.82% | +1.97% | +2.23% |
| The Federal Bank Ltd. | Financial | 1.47% | ₹5.87 Cr | +1.97% | +2.46% | +1.33% |
| Power Mech Projects Ltd. | Construction | 1.45% | ₹5.78 Cr | +1.53% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.40% | ₹5.58 Cr | — | — | — |
| Aarti Industries Ltd. | Chemicals | 1.36% | ₹5.43 Cr | +1.31% | +0.87% | — |
| Mphasis Ltd. | Technology | 1.36% | ₹5.41 Cr | +1.35% | +1.36% | +1.37% |
| Tube Investments Of India Ltd. | Automobile | 1.32% | ₹5.28 Cr | +1.59% | +0.95% | — |
| Tata Capital Ltd. | Financial | 1.26% | ₹5.02 Cr | +1.11% | +1.21% | — |
| Cipla Ltd. | Healthcare | 1.25% | ₹5.00 Cr | — | — | +0.87% |
| RBL Bank Ltd. | Financial | 1.24% | ₹4.94 Cr | — | — | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.22% | ₹4.85 Cr | +0.96% | +0.88% | +1.13% |
| Carborundum Universal Ltd. | Metals & Mining | 1.18% | ₹4.70 Cr | +0.82% | — | — |
| Tata Motors Ltd. | Automobile | 1.18% | ₹4.71 Cr | +1.62% | +2.20% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.17% | ₹4.68 Cr | +1.13% | +1.09% | +1.57% |
| Voltamp Transformers Ltd. | Capital Goods | 1.14% | ₹4.55 Cr | +1.82% | +2.13% | +1.32% |
| Berger Paints India Ltd. | Materials | 1.13% | ₹4.50 Cr | — | — | — |
| Coforge Ltd. | Technology | 1.12% | ₹4.47 Cr | — | — | — |
| Zydus Wellness Ltd. | Consumer Staples | 1.10% | ₹4.38 Cr | +1.12% | +0.85% | +0.79% |
| Engineers India Ltd. | Construction | 1.08% | ₹4.32 Cr | +1.02% | — | +0.78% |
| Tata Consultancy Services Ltd. | Technology | 1.08% | ₹4.32 Cr | +1.08% | +1.26% | +0.47% |
| Arvind Fashions Ltd. | Textiles | 1.05% | ₹4.20 Cr | +1.71% | +1.63% | +2.01% |
| Infosys Ltd. | Technology | 1.02% | ₹4.08 Cr | +1.95% | +2.18% | +3.35% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.01% | ₹4.04 Cr | +1.08% | +1.06% | +1.17% |
| Nephrocare Health Services Ltd. | Healthcare | 0.99% | ₹3.95 Cr | +0.92% | +0.79% | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.92% | ₹3.66 Cr | +0.20% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 0.85% | ₹3.40 Cr | +1.30% | +1.19% | +1.22% |
| Adani Enterprises Ltd. | Services | 0.82% | ₹3.27 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.79% | ₹3.15 Cr | +0.92% | +0.46% | +1.12% |
| Tata Steel Ltd. | Metals & Mining | 0.79% | ₹3.14 Cr | +1.85% | +1.88% | +1.39% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.78% | ₹3.11 Cr | +0.89% | — | +1.37% |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 0.77% | ₹3.09 Cr | +0.73% | — | — |
| Gokaldas Exports Ltd. | Textiles | 0.76% | ₹3.03 Cr | +0.72% | +0.66% | +1.20% |
| Campus Activewear Ltd. | Consumer Discretionary | 0.74% | ₹2.96 Cr | +0.89% | +0.91% | +0.88% |
| HCL Technologies Ltd. | Technology | 0.71% | ₹2.82 Cr | +0.32% | +0.74% | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 0.71% | ₹2.82 Cr | — | — | — |
| Prestige Estates Projects Ltd. | Construction | 0.70% | ₹2.78 Cr | — | — | +0.94% |
| Star Cement Ltd. | Materials | 0.63% | ₹2.51 Cr | +0.79% | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.55% | ₹2.21 Cr | — | — | — |
| Cemindia Projects Ltd. | Construction | 0.55% | ₹2.19 Cr | — | — | — |
| Hero Motocorp Ltd. | Automobile | 0.52% | ₹2.07 Cr | +0.95% | +1.95% | +0.65% |
| company:5741 | Capital Goods | 0.48% | ₹1.92 Cr | — | — | — |
| Fusion Finance Ltd. | Financial | 0.47% | ₹1.89 Cr | +0.45% | — | — |
| ITC Ltd. | Consumer Staples | 0.45% | ₹1.81 Cr | +0.54% | +0.59% | +2.08% |
| Reserve Bank of India | Financial | 0.03% | ₹0.13 Cr | +0.08% | +0.08% | +0.09% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 4.76% | 3.91% | -0.85% |
| Jindal Steel Ltd. | 1.08% | 1.83% | +0.75% |
| Others | -0.76% | -0.10% | +0.66% |
| Schneider Electric Infrastructure Ltd. | 0.64% | 0.00% | -0.64% |
| Maruti Suzuki India Ltd. | 3.01% | 2.44% | -0.57% |
| Garden Reach Shipbuilders & Engineers Ltd. | 0.55% | 0.00% | -0.55% |
| The Federal Bank Ltd. | 2.01% | 1.47% | -0.54% |
| Arvind Fashions Ltd. | 1.58% | 1.05% | -0.53% |
| company:5741 | 0.00% | 0.48% | +0.48% |
| Tata Steel Ltd. | 1.26% | 0.79% | -0.47% |
| Axis Bank Ltd. | 2.60% | 3.06% | +0.46% |
| Cipla Ltd. | 1.69% | 1.25% | -0.44% |
| Sky Gold And Diamonds Ltd. | 0.41% | 0.71% | +0.30% |
| RBL Bank Ltd. | 0.95% | 1.24% | +0.29% |
| Bharti Airtel Ltd. | 3.19% | 2.91% | -0.28% |
| NTPC Ltd. | 3.15% | 2.95% | -0.20% |
| Balrampur Chini Mills Ltd. | 1.04% | 1.22% | +0.18% |
| Engineers India Ltd. | 0.93% | 1.08% | +0.15% |
| Coforge Ltd. | 0.98% | 1.12% | +0.14% |
| Shriram Finance Ltd | 2.78% | 2.92% | +0.14% |
| Reliance Industries Ltd. | 3.95% | 3.82% | -0.13% |
| V-Mart Retail Ltd. | 1.45% | 1.56% | +0.11% |
| Ujjivan Small Finance Bank Ltd. | 2.08% | 1.98% | -0.10% |
| Zydus Wellness Ltd. | 1.20% | 1.10% | -0.10% |
| Info Edge (India) Ltd. | 1.43% | 1.52% | +0.09% |
| Kirloskar Oil Engines Ltd. | 1.82% | 1.73% | -0.09% |
| Samvardhana Motherson International Ltd. | 0.76% | 0.85% | +0.09% |
| Voltamp Transformers Ltd. | 1.05% | 1.14% | +0.09% |
| Aarti Industries Ltd. | 1.28% | 1.36% | +0.08% |
| Bharat Electronics Ltd. | 1.39% | 1.47% | +0.08% |
| Krishna Institute of Medical Sciences Ltd | 1.09% | 1.01% | -0.08% |
| Tata Motors Ltd. | 1.10% | 1.18% | +0.08% |
| Cemindia Projects Ltd. | 0.62% | 0.55% | -0.07% |
| Clean Max Enviro Energy Solutions Ltd. | 0.84% | 0.77% | -0.07% |
| Star Cement Ltd. | 0.70% | 0.63% | -0.07% |
| State Bank of India | 3.00% | 3.07% | +0.07% |
| Berger Paints India Ltd. | 1.19% | 1.13% | -0.06% |
| Max Financial Services Ltd. | 1.42% | 1.48% | +0.06% |
| Hindustan Petroleum Corporation Ltd. | 0.84% | 0.78% | -0.06% |
| Hindustan Unilever Ltd. | 0.85% | 0.79% | -0.06% |
| Adani Enterprises Ltd. | 0.87% | 0.82% | -0.05% |
| ITC Ltd. | 0.50% | 0.45% | -0.05% |
| Ajanta Pharma Ltd. | 1.50% | 1.54% | +0.04% |
| Bharat Heavy Electricals Ltd. | 0.51% | 0.55% | +0.04% |
| Carborundum Universal Ltd. | 1.14% | 1.18% | +0.04% |
| Gokaldas Exports Ltd. | 0.80% | 0.76% | -0.04% |
| Larsen & Toubro Ltd. | 2.16% | 2.20% | +0.04% |
| Mphasis Ltd. | 1.32% | 1.36% | +0.04% |
| Power Mech Projects Ltd. | 1.49% | 1.45% | -0.04% |
| Tech Mahindra Ltd. | 1.97% | 1.93% | -0.04% |
| Vedanta Aluminium Metal Ltd. | 0.96% | 0.92% | -0.04% |
| ICICI Bank Ltd. | 6.68% | 6.71% | +0.03% |
| Fusion Finance Ltd. | 0.50% | 0.47% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 1.43% | 1.40% | -0.03% |
| Gabriel India Ltd. | 2.07% | 2.05% | -0.02% |
| HCL Technologies Ltd. | 0.73% | 0.71% | -0.02% |
| Sun Pharmaceutical Industries Ltd. | 1.19% | 1.17% | -0.02% |
| Infosys Ltd. | 1.03% | 1.02% | -0.01% |
| Nephrocare Health Services Ltd. | 1.00% | 0.99% | -0.01% |
| Prestige Estates Projects Ltd. | 0.69% | 0.70% | +0.01% |
| The Phoenix Mills Ltd. | 1.55% | 1.54% | -0.01% |
| Campus Activewear Ltd. | 0.74% | 0.74% | 0.00% |
| Hero Motocorp Ltd. | 0.52% | 0.52% | 0.00% |
| Interglobe Aviation Ltd. | 1.57% | 1.57% | 0.00% |
| Nippon Life India Asset Management Ltd. | 1.73% | 1.73% | 0.00% |
| Reserve Bank of India | 0.03% | 0.03% | 0.00% |
| Tata Capital Ltd. | 1.26% | 1.26% | 0.00% |
| Tata Consultancy Services Ltd. | 1.08% | 1.08% | 0.00% |
| Tube Investments Of India Ltd. | 1.32% | 1.32% | 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 | ₹2,929 Cr | 2.46% | 11.0% | 10.1% | 14.3% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 5.5% | 8.3% | 13.2% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 1.4% | 8.9% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 12.0% | 9.2% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 7.8% | 9.6% | 15.4% |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.5% | 14.7% | 15.6% |
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 months6.87% absolute | ₹60,000 | ₹64,122 | 6.87% | |
| 1 year0.72% annualised | ₹1,20,000 | ₹1,20,469 | 0.39% | |
| 3 years10.74% annualised | ₹3,60,000 | ₹4,26,334 | 18.43% | |
| 5 years10.68% annualised | ₹6,00,000 | ₹7,95,463 | 32.58% |
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 ₹27.99 as on 25 Sep 2026.
What is the expense ratio of Union Value Fund?
The expense ratio of Union Value Fund is 2.73% 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 -2.6% over 1 year, 3.7% 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 ₹28,513 Cr under management.