Union Innovation & Opportunities Fund
The Scheme seeks to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.
Growthvine rating: 4/5 — ranked #43 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.44 (as of 2026-10-01) |
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| AUM | ₹1,253 Cr |
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| Expense ratio | 1.84% |
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| Riskometer | Very High |
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| Fund manager | Gaurav Chopra |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −24.26% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 84.4% of Nifty India Digital's upside and 50.5% of its downside.
Market cap allocation
| Large cap | 13.8% |
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| Mid cap | 28.8% |
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| Small cap | 57.4% |
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Concentration
| Top 5 holdings | 19.6% |
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| Top 10 holdings | 33.6% |
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| Total holdings | 55 |
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Top holdings
- One 97 Communications Limited — 5.2%
- Eternal Limited — 4.8%
- Ather Energy Limited — 3.6%
- Info Edge(India) Ltd. — 3.0%
- CG Power and Industrial Solutions Limited — 3.0%
- Sai Life Sciences Limited — 2.9%
- GE Vernova T&D India Limited — 2.9%
- ACUTAAS CHEMICALS LIMITED — 2.8%
- ZF Commercial Vehicle Control Systems India Limited — 2.7%
- Sona BLW Precision Forgings Limited — 2.7%
Top sectors
- Retail — 17.4%
- Automobile — 14.9%
- Software & Services — 7.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 8.7% | Q1 (Top) | #27 of 167 |
| 2025 | −4.1% | Q4 (Bottom) | #116 of 132 |
| 2024 | 40.8% | Q1 (Top) | #1 of 86 |