Union Value Fund
The scheme seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related securities of companies which are undervalued (or are trading below their intrinsic value).
Growthvine rating: 2/5 — ranked #14 of 25 in category.
Fund basics
| Category | Equity: Value |
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| NAV | ₹26.86 (as of 2026-10-22) |
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| AUM | ₹378 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Vinod Malviya |
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| Exit load | 1% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 10.23% |
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| Sharpe ratio | 0.33 |
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| Standard deviation | 14.90% |
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| Max drawdown | −37.73% |
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| Alpha | 0.9 |
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| Beta | 0.92 |
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Over 5 years, captured 95.6% of Nifty 500's upside and 86.9% of its downside.
Market cap allocation
| Large cap | 57.6% |
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| Mid cap | 15.2% |
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| Small cap | 27.2% |
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Concentration
| Top 5 holdings | 20.5% |
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| Top 10 holdings | 32.7% |
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| Total holdings | 69 |
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| Index overlap | 40.0% |
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| Active share | 60.0% |
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Top holdings
- ICICI Bank Ltd. — 6.4%
- HDFC Bank Ltd. — 4.1%
- TREPS — 3.8%
- Reliance Industries Ltd — 3.8%
- AXIS Bank Ltd. — 3.2%
- Bharti Airtel Ltd. — 3.0%
- State Bank Of India — 2.9%
- Shriram Finance Limited — 2.7%
- NTPC Limited — 2.2%
- Tech Mahindra Limited — 2.2%
Top sectors
- Banking & Financial — 23.6%
- Software & Services — 7.6%
- Automobile — 6.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −7.8% | Q2 | #12 of 23 |
| 2025 | 6.7% | Q2 | #10 of 22 |
| 2024 | 16.7% | Q4 (Bottom) | #17 of 21 |
| 2023 | 33.3% | Q2 | #10 of 19 |
| 2022 | 4.9% | Q2 | #9 of 18 |