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: 2/5 — ranked #109 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹16.26 (as of 2026-08-21) |
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| AUM | ₹1,210 Cr |
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| Expense ratio | 1.86% |
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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 81.7% of Nifty India Digital's upside and 51.3% of its downside.
Market cap allocation
| Large cap | 15.1% |
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| Mid cap | 28.0% |
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| Small cap | 56.9% |
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Concentration
| Top 5 holdings | 18.2% |
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| Top 10 holdings | 32.0% |
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| Total holdings | 52 |
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Top holdings
- Eternal Limited — 4.7%
- One 97 Communications Limited — 4.4%
- Ather Energy Limited — 3.2%
- CG Power and Industrial Solutions Limited — 3.0%
- ACUTAAS CHEMICALS LIMITED — 2.9%
- Sai Life Sciences Limited — 2.8%
- ZF Commercial Vehicle Control Systems India Limited — 2.8%
- S.J.S. Enterprises Limited — 2.8%
- Sona BLW Precision Forgings Limited — 2.7%
- Delhivery Limited — 2.7%
Top sectors
- Retail — 16.7%
- Automobile — 15.8%
- Software & Services — 8.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 14.5% | Q1 (Top) | #23 of 167 |
| 2025 | -4.1% | Q4 (Bottom) | #116 of 132 |
| 2024 | 40.8% | Q1 (Top) | #1 of 86 |