Union Innovation & Opportunities Fund Direct Growth

Fund Overview

Fund Size

₹972 Cr

Expense Ratio

0.87%

ISIN

INF582M01JE6

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

06 Sep 2023

About this fund

Union Innovation & Opportunities Fund Direct Growth is a Equity - Other mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 2 years, 7 months and 22 days, having been launched on 06-Sep-23.
As of 27-Apr-26, it has a Net Asset Value (NAV) of ₹14.43, Assets Under Management (AUM) of 972.08 Crores, and an expense ratio of 0.87%.

Union Innovation & Opportunities Fund Direct Growth has given a CAGR return of 14.91% since inception.
The fund's asset allocation comprises around 97.31% in equities, 0.00% in debts, and 2.65% in cash & cash equivalents.
You can start investing in Union Innovation & Opportunities Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+11.34%

— (Cat Avg.)

Since Inception

+14.91%

— (Cat Avg.)

Portfolio Summaryas of 31st March 2026

Equity	₹945.9 Cr	97.31%
Others	₹25.73 Cr	2.65%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Acutaas Chemicals Ltd	Equity	₹44.36 Cr	4.56%
Eternal Ltd	Equity	₹41.21 Cr	4.24%
The Federal Bank Ltd	Equity	₹39.45 Cr	4.06%
Info Edge (India) Ltd	Equity	₹39.04 Cr	4.02%
One97 Communications Ltd	Equity	₹34.53 Cr	3.55%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹29.98 Cr	3.08%
GE Vernova T&D India Ltd	Equity	₹29.83 Cr	3.07%
Affle 3i Ltd	Equity	₹28.44 Cr	2.93%
CG Power & Industrial Solutions Ltd	Equity	₹28.44 Cr	2.93%
TVS Motor Co Ltd	Equity	₹28.12 Cr	2.89%
JSW Energy Ltd	Equity	₹27.82 Cr	2.86%
Bharat Electronics Ltd	Equity	₹26.2 Cr	2.70%
Sai Life Sciences Ltd	Equity	₹25.96 Cr	2.67%
Ather Energy Ltd	Equity	₹25.89 Cr	2.66%
Phoenix Mills Ltd	Equity	₹25.01 Cr	2.57%
Delhivery Ltd	Equity	₹24.76 Cr	2.55%
Krishna Institute of Medical Sciences Ltd	Equity	₹24.69 Cr	2.54%
Abbott India Ltd	Equity	₹23.03 Cr	2.37%
SJS Enterprises Ltd	Equity	₹22.58 Cr	2.32%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹22.17 Cr	2.28%
Inventurus Knowledge Solutions Ltd	Equity	₹20.74 Cr	2.13%
Shriram Finance Ltd	Equity	₹19.12 Cr	1.97%
Swiggy Ltd	Equity	₹19.08 Cr	1.96%
PB Fintech Ltd	Equity	₹18.23 Cr	1.88%
Data Patterns (India) Ltd	Equity	₹17.33 Cr	1.78%
Sagility Ltd	Equity	₹16.94 Cr	1.74%
FSN E-Commerce Ventures Ltd	Equity	₹16.43 Cr	1.69%
Honasa Consumer Ltd	Equity	₹15.98 Cr	1.64%
Jyoti CNC Automation Ltd	Equity	₹15.14 Cr	1.56%
Treps	Cash - Repurchase Agreement	₹14.46 Cr	1.49%
Ethos Ltd	Equity	₹13.64 Cr	1.40%
KFin Technologies Ltd	Equity	₹13.53 Cr	1.39%
Sona BLW Precision Forgings Ltd	Equity	₹12.9 Cr	1.33%
Gabriel India Ltd	Equity	₹12.4 Cr	1.28%
CarTrade Tech Ltd	Equity	₹12.02 Cr	1.24%
Schneider Electric Infrastructure Ltd	Equity	₹11.29 Cr	1.16%
Syrma SGS Technology Ltd	Equity	₹10.48 Cr	1.08%
Urban Co Ltd	Equity	₹10.23 Cr	1.05%
Navin Fluorine International Ltd	Equity	₹10.16 Cr	1.05%
Fractal Analytics Ltd	Equity	₹9.46 Cr	0.97%
UNO Minda Ltd	Equity	₹9.43 Cr	0.97%
Billionbrains Garage Ventures Ltd	Equity	₹9.31 Cr	0.96%
Aether Industries Ltd	Equity	₹8.44 Cr	0.87%
Capillary Technologies India Ltd	Equity	₹8.31 Cr	0.85%
Saregama India Ltd	Equity	₹8.03 Cr	0.83%
Home First Finance Co India Ltd ---	Equity	₹7.67 Cr	0.79%
Neogen Chemicals Ltd	Equity	₹7.62 Cr	0.78%
CE Info Systems Ltd	Equity	₹6.95 Cr	0.72%
Gokaldas Exports Ltd	Equity	₹5.75 Cr	0.59%
Net Receivable / Payable	Cash - Collateral	₹5.68 Cr	0.58%
Tbill	Bond - Gov't/Treasury	₹4.99 Cr	0.51%
Jio Financial Services Ltd	Equity	₹4.7 Cr	0.48%
Meesho Ltd	Equity	₹3.07 Cr	0.32%
16/04/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹0.6 Cr	0.06%
Tvs Motor Company Limited	Preferred Stock	₹0.45 Cr	0.05%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹274.67 Cr	28.26%
Industrials	₹153 Cr	15.74%
Healthcare	₹111.36 Cr	11.46%
Financial Services	₹98.49 Cr	10.13%
Technology	₹93.49 Cr	9.62%
Communication Services	₹75.52 Cr	7.77%
Basic Materials	₹70.57 Cr	7.26%
Utilities	₹27.82 Cr	2.86%
Real Estate	₹25.01 Cr	2.57%
Consumer Defensive	₹15.98 Cr	1.64%

Risk & Performance Ratios

Fund Managers

Sanjay Bembalkar

Since September 2023

Gaurav Chopra

Since November 2024

Additional Scheme Detailsas of 31st March 2026

ISIN

INF582M01JE6

Expense Ratio

0.87%

Exit Load

1.00%

Fund Size

₹972 Cr

Age

2 years 7 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY 500 Index TR IDR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
qsif Sector Rotation Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
qsif Sector Rotation Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
Sapphire Equity Long-Short SIF Regular Growth Very High Risk	-	1.0%	-	-
Sapphire Equity Long-Short SIF Direct Growth Very High Risk	-	1.0%	-	-
DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹130.72 Cr	-
DynaSIF Active Asset Allocator Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹130.72 Cr	-
Apex Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹63.25 Cr	-
Apex Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹63.25 Cr	-
Arudha Equity Long-Short Fund Regular Growth Very High Risk	-	0.0%	₹39.30 Cr	-
Arudha Equity Long-Short Fund Direct Growth Very High Risk	-	0.0%	₹39.30 Cr	-
SBI Nifty Midcap 150 Momentum 50 ETF Very High Risk	0.3%	-	₹6.68 Cr	-
ITI Business Cycle Fund Regular Growth Very High Risk	2.3%	0.0%	₹92.78 Cr	-
ITI Business Cycle Fund Direct Growth Very High Risk	0.5%	0.0%	₹92.78 Cr	-
DynaSIF Equity Long - Short Fund Regular Growth High Risk	-	0.0%	₹153.58 Cr	-
DynaSIF Equity Long - Short Fund Direct Growth High Risk	-	0.0%	₹153.58 Cr	-
Mirae Asset BSE India Defence ETF Very High Risk	0.3%	-	₹46.83 Cr	-
Kotak Services Fund Regular Growth Very High Risk	2.4%	0.0%	₹712.06 Cr	-
Kotak Services Fund Direct Growth Very High Risk	0.9%	0.0%	₹712.06 Cr	-
SBI Quality Fund Direct Growth Very High Risk	1.0%	1.0%	₹2095.53 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.5%	0.0%	₹28.45 Cr	-
Mirae Asset BSE India Defence ETF FOF Regular Growth Very High Risk	1.0%	0.0%	₹28.45 Cr	-
SBI Quality Fund Regular Growth Very High Risk	2.1%	1.0%	₹2095.53 Cr	-
Motilal Oswal Nifty MNC ETF Very High Risk	0.5%	-	₹2.07 Cr	-
JioBlackRock Sector Rotation Fund Direct Growth Very High Risk	0.5%	0.0%	₹117.91 Cr	-
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	0.6%	0.0%	₹10.86 Cr	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	0.3%	0.0%	₹10.86 Cr	-
Groww Nifty PSE ETF Very High Risk	0.5%	-	₹16.55 Cr	-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹1224.44 Cr	-
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	1.0%	₹1224.44 Cr	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹157.58 Cr	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	2.4%	0.0%	₹157.58 Cr	-
Groww Nifty Chemicals ETF Very High Risk	0.4%	-	₹7.00 Cr	-
Diviniti Equity Long Short Fund Direct Growth Very High Risk	0.9%	0.0%	₹381.75 Cr	-
Diviniti Equity Long Short Fund Regular Growth Very High Risk	2.4%	0.0%	₹381.75 Cr	-
DSP MSCI INDIA ETF Very High Risk	0.4%	-	₹3.00 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	2.3%	0.0%	₹759.93 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹759.93 Cr	-
Altiva Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹3216.06 Cr	-
Magnum Hybrid Long Short Fund Regular Growth Low to Moderate Risk	1.2%	0.0%	₹3390.82 Cr	-
Altiva Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹3216.06 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹3390.82 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.4%	1.0%	₹736.28 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.3%	1.0%	₹736.28 Cr	-
qsif Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹483.57 Cr	-
qsif Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	₹483.57 Cr	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.8%	0.0%	₹33.71 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.3%	0.0%	₹33.71 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.6%	1.0%	₹621.82 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.3%	1.0%	₹621.82 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹5.78 Cr	-

About the AMC

Union Mutual Fund

+91 022 67483333

https://www.unionmf.com/

Total AUM

₹27,532 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Union Consumption Fund Direct Growth Very High Risk	0.9%	1.0%	₹286.44 Cr	-
Union Diversified Equity All Cap Active FOF Direct Growth Very High Risk	0.5%	1.0%	₹167.88 Cr	-
Union Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹819.91 Cr	-
Union Income Plus Arbitrage Active FOF Direct Growth Low to Moderate Risk	0.1%	0.0%	₹69.96 Cr	-
Union Gold ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹157.94 Cr	53.2%
Union Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹97.85 Cr	5.3%
Union Active Momentum Fund Direct Growth Very High Risk	1.0%	1.0%	₹389.60 Cr	6.9%
Union Multi Asset Allocation Fund Direct Growth Very High Risk	1.1%	1.0%	₹888.12 Cr	18.8%
Union Business Cycle Fund Direct Growth Very High Risk	1.9%	1.0%	₹456.30 Cr	8.7%
Union Children's Fund Direct Growth Very High Risk	1.2%	0.0%	₹74.62 Cr	8.1%
Union Innovation & Opportunities Fund Direct Growth Very High Risk	0.9%	1.0%	₹972.08 Cr	11.3%
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Low Risk	-	0.0%	₹25.17 Cr	6.0%
Union Small Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹1665.52 Cr	22.7%
Union Hybrid Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹652.00 Cr	6.1%
Union Medium Duration Fund Direct Growth Moderate Risk	0.6%	1.0%	₹80.25 Cr	8.2%
Union Value Discovery Fund Direct Growth Very High Risk	1.2%	1.0%	₹337.13 Cr	9.2%
Union Multicap Fund Direct Growth Very High Risk	1.1%	1.0%	₹1184.05 Cr	11.8%
Union Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹1191.64 Cr	4.3%
Union Equity Savings Fund Direct Growth Moderate Risk	1.5%	1.0%	₹138.33 Cr	4.0%
Union Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹241.25 Cr	6.1%
Union Tax Saver (ELSS) Fund Direct Growth Very High Risk	1.4%	0.0%	₹772.09 Cr	6.5%
Union Dynamic Bond Fund Direct Growth Moderate Risk	1.3%	1.0%	₹92.26 Cr	-1.5%
Union Flexi Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹2078.58 Cr	5.4%
Union Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹5755.60 Cr	6.3%
Union Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹1497.77 Cr	16.2%
Union Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹90.65 Cr	-2.5%
Union Largecap Fund Direct Growth Very High Risk	1.8%	1.0%	₹402.94 Cr	2.9%
Union Retirement Fund Direct Growth Very High Risk	1.2%	0.0%	₹177.42 Cr	10.8%
Union Corporate Bond Fund Direct Growth Moderate Risk	0.4%	1.0%	₹545.79 Cr	4.7%
Union Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹398.33 Cr	5.4%
Union Focused Fund Direct Growth Very High Risk	1.6%	1.0%	₹377.78 Cr	10.6%
Union Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹682.95 Cr	6.6%
Union Large & Midcap Fund Direct Growth Very High Risk	1.1%	1.0%	₹832.94 Cr	10.2%

Risk Level

Your principal amount will be at Very High Risk

Take control of your wealth

Track and Analyse all your investments with Dezerv

Rated ★ 4.3+ on

Still got questions?
We're here to help.

What is the current NAV of Union Innovation & Opportunities Fund Direct Growth?

The NAV of Union Innovation & Opportunities Fund Direct Growth, as of 27-Apr-2026, is ₹14.43.

What is the portfolio composition of Union Innovation & Opportunities Fund Direct Growth?

The fund's allocation of assets is distributed as 97.31% in equities, 0.00% in bonds, and 2.65% in cash and cash equivalents.

Who manages the Union Innovation & Opportunities Fund Direct Growth?

The fund managers responsible for Union Innovation & Opportunities Fund Direct Growth are:-

Sanjay Bembalkar
Gaurav Chopra

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

;

©2021-2026 Dezerv. All Rights Reserved

Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.

Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.

Union Innovation & Opportunities Fund Direct Growth

Fund Overview