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 #32 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹14.90 (as of 2026-10-22) |
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| AUM | ₹1,307 Cr |
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| Expense ratio | 1.85% |
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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
| Sharpe ratio | 0.63 |
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| Standard deviation | 17.95% |
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| Max drawdown | −24.26% |
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| Alpha | 7.05 |
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| Beta | 0.96 |
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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 | 13.6% |
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| Mid cap | 28.9% |
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| Small cap | 57.4% |
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Concentration
| Top 5 holdings | 19.9% |
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| Top 10 holdings | 34.3% |
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| Total holdings | 53 |
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Top holdings
- One 97 Communications Limited — 5.3%
- Eternal Limited — 4.8%
- TREPS — 3.7%
- Info Edge(India) Ltd. — 3.5%
- GE Vernova T&D India Limited — 3.2%
- Sai Life Sciences Limited — 3.1%
- Ather Energy Limited — 3.1%
- ACUTAAS CHEMICALS LIMITED — 3.0%
- CG Power and Industrial Solutions Limited — 2.8%
- Sona BLW Precision Forgings Limited — 2.8%
Top sectors
- Retail — 18.0%
- Automobile — 14.0%
- Energy — 10.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.9% | Q1 (Top) | #24 of 167 |
| 2025 | −4.1% | Q4 (Bottom) | #116 of 132 |
| 2024 | 40.8% | Q1 (Top) | #1 of 86 |