Question 1

What is the current NAV of Union Innovation & Opportunities Fund Direct - Growth?

Accepted Answer

The current Net Asset Value (NAV) of the Union Innovation & Opportunities Fund - Direct Growth plan is approximately ₹13.7 as of Feb 02, 2026.

Question 2

What are the returns of this mutual fund scheme?

Accepted Answer

The Union Innovation & Opportunities Fund Direct - Growth is a 2 yrs 5 m old fund and has delivered average annual returns of 14.34% since inception.

Union Innovation & Opportunities Fund Direct - Growth Returns

1-Year	Since Inception
1.86%	14.34%

Question 3

How much does this mutual fund charge as expense ratio?

Accepted Answer

The Union Innovation & Opportunities Fund - Direct Growth has an expense ratio of 0.84%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

Question 4

What is the AUM or fund size of this mutual fund?

Accepted Answer

The Union Innovation & Opportunities Fund currently has assets under management (AUM) or fund size valued at approximately 1,114 Cr as on Dec 31, 2025.

Question 5

What are the top stock holdings of Union Innovation & Opportunities Fund?

Accepted Answer

The Union Innovation & Opportunities Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Info Edge (India) Ltd.	5.0%
Eternal Ltd.	4.41%
TVS Motor Company Ltd.	3.7%
The Federal Bank Ltd.	3.65%
One97 Communications Ltd.	3.38%
Affle (India) Ltd.	3.07%
Acutaas Chemicals Ltd.	3.01%
Swiggy Ltd.	2.97%
The Phoenix Mills Ltd.	2.76%
GE Vernova T&D India Ltd	2.7%

Question 6

What are the top sectors Union Innovation & Opportunities Fund has invested in?

Accepted Answer

The Union Innovation & Opportunities Fund has primarily invested in the following sectors

Company	Percentage of Portfolio
Info Edge (India) Ltd.	5.0%
Eternal Ltd.	4.41%
TVS Motor Company Ltd.	3.7%
The Federal Bank Ltd.	3.65%
One97 Communications Ltd.	3.38%
Affle (India) Ltd.	3.07%
Acutaas Chemicals Ltd.	3.01%
Swiggy Ltd.	2.97%
The Phoenix Mills Ltd.	2.76%
GE Vernova T&D India Ltd	2.7%

Question 7

What is risk level of Union Innovation & Opportunities Fund?

Accepted Answer

This is a Thematic fund comes with Very High risk.

Question 8

Is there any lock-in period in this mutual fund?

Accepted Answer

No, this fund does not have any lock-in period.

Question 9

How do I invest in Union Innovation & Opportunities Fund Direct - Growth?

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Union Innovation & Opportunities Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Union Innovation & Opportunities Fund is complete.

Question 10

How can I redeem my investments in Union Innovation & Opportunities Fund?

Accepted Answer

Redeeming your investments in the Union Innovation & Opportunities Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.84% as on Feb 02, 2026
Exit load	1.0% Exit load of 1%, if redeemed within 1 year.!
AUM (Fund size)	₹1,114 Cr
Lock-in Period	Nil
Age	2 yrs 5 m since Aug 16, 2023
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Period	This fund	Category average
1 Month	-7.81%	-5.86%
3 Months	-10.86%	-6.31%
6 Months	-5.13%	-2.47%
1 Year	1.86%	4.55%
2 Years	12.42%	6.88%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Innovation & Opportunities Fund	-7.81%	-5.13%	1.86%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-4.29%	0.56%	12.31%	25.11%	23.08%	14.14%
ICICI Prudential Exports and Services Fund	-4.74%	0.97%	9.13%	19.25%	17.99%	14.59%
Sundaram Services Fund	-5.94%	0.44%	9.19%	19.21%	19.1%	14.12%
UTI Transportation and Logistics Fund	-6.66%	6.64%	15.26%	24.57%	19.93%	15.06%
ICICI Prudential Commodities Fund	-1.54%	7.25%	23.21%	20.06%	26.31%	17.25%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Innovation & Opportunities Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.88	1.05	1.12	1.61
ICICI Prudential Exports and Services Fund	11.2	0.83	1.13	2.19
Sundaram Services Fund	12.28	0.88	1.03	1.69
UTI Transportation and Logistics Fund	15.99	0.9	1.07	1.39
ICICI Prudential Commodities Fund	14.62	0.95	0.94	1.44

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Innovation & Opportunities Fund	N.A.	1,114 Cr	2 yrs 5 m	0.84%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	7 yrs 4 m	0.79%
ICICI Prudential Exports and Services Fund	N.A.	1,434 Cr	13 yrs 1 m	1.67%
Sundaram Services Fund	N.A.	4,809 Cr	7 yrs 5 m	0.68%
UTI Transportation and Logistics Fund	N.A.	4,084 Cr	13 yrs 1 m	0.83%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	6 yrs 4 m	1.0%

Union Innovation & Opportunities Fund Direct - Growth

Historical NAV & returns

Union Innovation & Opportunities Fund overview

Union Innovation & Opportunities Fund Returns calculator

Trailing returns as on Feb 03, 2026

Asset allocationas on Dec 31, 2025

Peer comparison

Key risk & return ratios Compared to other funds in the category

About this fund

About Union Innovation & Opportunities Fund

Fund managers

Investment objective

Union Mutual Fund details

More funds from Union Mutual Fund

Frequently asked questions

Union Innovation & Opportunities Fund Direct - Growth Returns

ET Money rank

Fund AUM	1,114 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 31, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

Fund name	ETM Rank	AUM	1Y	5Y
Union Midcap Fund	N.A.	1,634 Cr	11.31%	20.86%
Union Small Cap Fund	N.A.	1,744 Cr	5.69%	20.59%
Union Value Fund	N.A.	371 Cr	10.84%	16.79%
Union Large & Midcap Fund	N.A.	943 Cr	8.21%	15.67%
Union ELSS Tax Saver Fund	N.A.	904 Cr	7.9%	15.11%
Union Flexi Cap Fund	N.A.	2,402 Cr	7.18%	14.89%

Sector	Percentage of Portfolio
Services	33.82000000000001%
Automobile	13.729999999999997%
Capital Goods	13.69%
Financial	11.31%
Technology	8.49%
Healthcare	8.39%
Construction	2.76%
Communication	1.28%
Consumer Staples	1.03%
Consumer Discretionary	0.84%