Union Innovation & Opportunities Fund

Q: What are the returns of this mutual fund scheme?

The Union Innovation & Opportunities Fund is a 2 yrs 3 m old fund and has delivered average annual returns of 17.34% since inception. Union Innovation & Opportunities Fund Returns 1-Year Since Inception -2.1% 17.34%

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹14.25-0.56% 1 day change	17.34% p.a.	App exclusive #NA View Ranked Funds	₹1,131 Cr

Historical NAV & returns

NAV: ₹14.25 as on Dec 04, 2025

This fund Category average

Union Innovation & Opportunities Fund overview

AUM (Fund size)	₹1,131 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 1 year.!
Lock-in Period	Nil
Age	2 yrs 3 m since Aug 16, 2023
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.15% as on Nov 30, 2025
Plan type	Regular
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%

Union Innovation & Opportunities Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Dec 01, 2025

Period	This fund	Category average
1 Month	-3.16%	0.17%
3 Months	0.07%	0.27%
6 Months	7.53%	3.32%
1 Year	-2.1%	-1.1%
2 Years	17.86%	12.22%

View returns in detail

Asset allocationas on Oct 31, 2025

Large Cap 20.3%

Mid Cap 36.84%

Small Cap 40.32%

Other Cap 0%

Top holdings

Eternal Ltd.5.35%

GE Vernova T&D India Ltd3.97%

Info Edge (India) Ltd.3.6%

TVS Motor Company Ltd.3.44%

Top sectors

Services 32.35%

Capital Goods 17.75%

Automobile 13.559999999999999%

Financial 9.71%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.05%

Allocation by Instruments

Repo 3.11%

Treasury Bills 0.05%

Other Holdings

Others 3.11%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Innovation & Opportunities Fund	-3.16%	7.53%	-2.1%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-1.07%	5.97%	4.19%	23.98%	25.99%	13.64%
ICICI Prudential Exports and Services Fund	0.8%	4.98%	7.22%	18.69%	21.64%	13.74%
Sundaram Services Fund	-0.43%	6.02%	8.71%	17.29%	21.7%	13.7%
ICICI Prudential Commodities Fund	-3.44%	7.31%	6.2%	15.34%	25.9%	15.75%
UTI Transportation and Logistics Fund	1.5%	17.8%	15.98%	24.81%	23.43%	13.06%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Innovation & Opportunities Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.9	1.05	1.05	1.49
ICICI Prudential Exports and Services Fund	11.11	0.81	1.08	2.19
Sundaram Services Fund	12.45	0.88	0.86	1.42
ICICI Prudential Commodities Fund	14.68	0.96	0.69	1.11
UTI Transportation and Logistics Fund	15.88	0.89	1.05	1.34

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Innovation & Opportunities Fund	N.A.	1,131 Cr	2 yrs 3 m	2.15%
ICICI Prudential Manufacturing Fund	N.A.	6,715 Cr	7 yrs 2 m	1.82%
ICICI Prudential Exports and Services Fund	N.A.	1,421 Cr	20 yrs 2 m	2.26%
Sundaram Services Fund	N.A.	4,674 Cr	7 yrs 3 m	1.86%
ICICI Prudential Commodities Fund	N.A.	3,189 Cr	6 yrs 2 m	1.98%
UTI Transportation and Logistics Fund	N.A.	4,008 Cr	20 yrs 4 m	1.9%

View all Thematic funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Union Innovation & Opportunities Fund in detail with

About this fund

About Union Innovation & Opportunities Fund

Union Innovation & Opportunities Fund is a Thematic mutual fund scheme from Union Mutual Fund. This fund has been in existence for 2 yrs 3 m, having been launched on 16/08/2023. Union Innovation & Opportunities Fund has ₹1,131 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Innovation & Opportunities Fund as of 04/12/2025 is ₹14.25. The fund has an expense ratio of 2.15%, which is higher than what most other Thematic funds charge.

Union Innovation & Opportunities Fund returns of last 1-year are -3.98%. Since launch, it has delivered 17.08% average annual returns.
The fund has the majority of its money invested in Services, Capital Goods, Automobile, Financial, Healthcare sectors. It has taken less exposure in Services, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in Eternal Ltd., GE Vernova T&D India Ltd, Info Edge (India) Ltd., TVS Motor Company Ltd., Acutaas Chemicals Ltd..

...

Fund AUM	1,131 Cr as on Oct 31, 2025
Scheme document	View Scheme Document

Fund managers

Sanjay Bembalkar

Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder. Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP

Gaurav Chopra

Mr. Chopra has done B.Com, Chartered Accountant and CFA (Level III cleared) Prior to joining Union Mutual Fund, he was associated with Centrum Portfolio Management Services- Centrum Broking Ltd., Barclays Wealth Trustees (India) Pvt. Ltd. and Sharp & Tanan Associates

Investment objective

The Scheme seeks to achieve long term capital appreciation by investing predominantly in equity and equity related securities of Innovative Companies.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	23,799 Cr as on Sep 30, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Union Small Cap Fund	N.A.	1,790 Cr	-3.9%	23.36%
Union Midcap Fund	N.A.	1,620 Cr	3.76%	22.37%
Union Value Fund	N.A.	362 Cr	3.24%	19.26%
Union ELSS Tax Saver Fund	N.A.	922 Cr	2.9%	17.92%
Union Large & Midcap Fund	N.A.	945 Cr	2.43%	17.28%
Union Flexi Cap Fund	N.A.	2,414 Cr	2.26%	17.18%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Union Innovation & Opportunities Fund plan is approximately ₹14.25 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The Union Innovation & Opportunities Fund is a 2 yrs 3 m old fund and has delivered average annual returns of 17.34% since inception.

Union Innovation & Opportunities Fund Returns

1-Year	Since Inception
-2.1%	17.34%

How much does this mutual fund charge as expense ratio?

The Union Innovation & Opportunities Fund has an expense ratio of 2.15%, 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.

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

The Union Innovation & Opportunities Fund currently has assets under management (AUM) or fund size valued at approximately 1,131 Cr as on Oct 31, 2025.

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

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

Company	Percentage of Portfolio
Eternal Ltd.	5.35%
GE Vernova T&D India Ltd	3.97%
Info Edge (India) Ltd.	3.6%
TVS Motor Company Ltd.	3.44%
Acutaas Chemicals Ltd.	3.18%
Affle (India) Ltd.	3.17%
The Federal Bank Ltd.	3.03%
One97 Communications Ltd.	3.03%
PB Fintech Ltd.	2.91%
FSN E-Commerce Ventures Ltd.	2.88%

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

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

Sector	Percentage of Portfolio
Services	32.35%
Capital Goods	17.75%
Automobile	13.559999999999999%
Financial	9.71%
Healthcare	8.59%
Technology	7.59%
Construction	2.47%
Consumer Discretionary	1.85%
Consumer Staples	1.2%
Communication	1.01%

What is risk level of Union Innovation & Opportunities Fund?

This is a Thematic fund comes with Very High risk.

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

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

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

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.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 1 year.