Union Equity Savings Fund
The scheme seek capital appreciation and/or to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments.
Growthvine rating: 1/5 — ranked #23 of 25 in category.
Fund basics
| Category | Hybrid: Equity Savings |
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| NAV | ₹17.43 (as of 2026-09-11) |
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| AUM | ₹141 Cr |
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| Expense ratio | 1.66% |
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| Riskometer | Moderate |
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| Fund manager | Sanjay Bembalkar |
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| Exit load | 1% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 5.90% |
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| Sharpe ratio | 0.18 |
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| Standard deviation | 4.89% |
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| Max drawdown | -14.35% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 99.7% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 125.9% of its downside.
Market cap allocation
| Large cap | 67.4% |
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| Mid cap | 17.7% |
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| Small cap | 14.9% |
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Concentration
| Top 5 holdings | 19.8% |
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| Top 10 holdings | 32.4% |
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| Total holdings | 100 |
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Top holdings
- Net Receivable / Payable — 34.9%
- National Bank for Agriculture and Rural Development — 8.7%
- HDFC Bank Ltd. — 5.1%
- Indian Railway Finance Corporation Ltd. — 4.3%
- Axis Bank Ltd. — 4.2%
- Max Healthcare Institute Limited — 4.0%
- INDUS TOWERS LIMITED — 3.8%
- Bajaj Finance Limited — 3.6%
- 91 Day Treasury Bills — 3.5%
- Bharti Airtel Ltd. — 3.3%
Top sectors
- Banking & Financial — 15.8%
- Telecom — 7.2%
- Healthcare — 5.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.7% | Q2 | #10 of 25 |
| 2025 | 4.8% | Q4 (Bottom) | #20 of 22 |
| 2024 | 8.4% | Q3 | #17 of 22 |
| 2023 | 11.6% | Q3 | #16 of 21 |
| 2022 | 1.7% | Q4 (Bottom) | #16 of 19 |