NJ Momentum Fund vs Union Active Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
NJ Momentum Fund is a Thematic fund and Union Active Momentum Fund is a Thematic fund. NJ Momentum Fund charges 1.72% a year and Union Active Momentum Fund 2.35% (Direct plans). Their portfolios overlap 31.7%: they hold 12 of the same securities.
Which is better, NJ Momentum or Union Active Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ Momentum costs less: 1.72% a year against 2.35% (Direct plans).
- Union Active Momentum fell less in its worst fall since 03-08-2026: −10.3% against −10.8%.
- NJ Momentum holds more in large companies: 28.0% of the fund in large caps against 7.2%.
- Their portfolios overlap 31.7%: 12 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | NJ Momentum Fund | Union Active Momentum Fund |
|---|---|---|
| Fund house | NJ Mutual Fund | Union Mutual Fund |
| Category | Thematic | Thematic |
| AUM | Not available | ₹543 Cr (30-09-2026) |
| NAV | ₹9.60 (Direct) | ₹9.77 (Direct) |
| Expense ratio (Direct) | 1.72% | 2.35% |
| Expense ratio (Regular) | 3.51% | 3.59% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 30-07-2026 | 19-12-2024 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Dhaval Patel, Viral Shah, Jaimin Ilavia | Gaurav Chopra, Sanjay Bembalkar |
| Exit load | Nil | 1% for redemption within 1 Year |
NJ Momentum vs Union Active Momentum: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| NJ Momentum Fund (Direct) | −3.42% | -- | -- | -- | -- | -- | -- |
| Union Active Momentum Fund (Direct) | −4.40% | +2.09% | +10.65% | +11.66% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
NJ Momentum vs Union Active Momentum: Year-wise Returns
| Year | NJNJ Momentum | Union ActiveUnion Active Momentum | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | -- | +11.91% | −7.51% |
| 2025 | -- | −13.91% | +7.76% |
NJ Momentum vs Union Active Momentum: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
NJ Momentum vs Union Active Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | NJ Momentum Fund (Direct) | Union Active Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | −16.97% | −1.36% |
| Standard deviation | 16.11% | 19.31% |
| Sharpe ratio | -1.38 | -0.36 |
| Sortino ratio | -1.73 | -0.47 |
| Maximum drawdown | −10.8% (23-10-2026) | −26.6% (28-02-2025) |
| Beta | 1.16 | 1.13 |
| Alpha | +17.26% | −0.31% |
From daily NAVs, 03-08-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
NJ Momentum Fund (Direct)
Union Active Momentum Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| NJ Momentum Fund (Direct) | −10.8% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.9% |
| Union Active Momentum Fund (Direct) | −10.3% | 23-09-2026 | 23-10-2026 | Not yet | -- | −6.6% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 03-08-2026, the first day every fund has.
NJ Momentum vs Union Active Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: NJ Momentum Fund, September 2026; Union Active Momentum Fund, September 2026
Holdings in common
- Overlap
- 31.7%
- Held by both
- 12
- Only in NJ Momentum
- 28
- Only in Union Active Momentum
- 25
| Security | % of NJ Momentum | % of Union Active Momentum |
|---|---|---|
| Welspun Corp Limited | 6.72% | 4.11% |
| Laurus Labs Limited | 4.22% | 2.82% |
| Sona BLW Precision Forgings Limited | 2.75% | 2.80% |
| Navin Fluorine International Limited | 2.78% | 2.68% |
| Belrise Industries Ltd. | 2.59% | 2.64% |
| Radico Khaitan Limited | 2.57% | 2.56% |
| R R Kabel Limited | 2.47% | 2.53% |
| Torrent Pharmaceuticals Limited | 3.63% | 2.44% |
| The Federal Bank Limited | 3.38% | 2.35% |
| Bharat Forge Limited | 3.57% | 2.33% |
| Himadri Speciality Chemical Limited | 2.30% | 2.34% |
| Marico Limited | 2.30% | 2.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.7% means 31.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in NJ Momentum Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 4.68% |
| Kirloskar Oil Engines Limited | 4.30% |
| Titan Company Limited | 3.84% |
| Shriram Finance Limited | 3.58% |
| Lupin Limited | 3.26% |
Largest holdings only in Union Active Momentum Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Ltd. | 3.30% |
| Avalon Technologies Ltd. | 3.05% |
| IOL Chemicals and Pharmaceuticals Ltd. | 3.03% |
| Shilpa Medicare Ltd. | 2.99% |
| Chennai Petroleum Corporation Ltd. | 2.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | NJ Momentum | Union Active Momentum |
|---|---|---|
| Equity | 99.7% | 90.2% |
| Debt | 0.0% | 0.2% |
| Cash and others | 0.3% | 9.6% |
Market cap of stocks
| Market cap | NJ Momentum | Union Active Momentum |
|---|---|---|
| Large Cap | 28.0% | 7.2% |
| Mid Cap | 37.8% | 19.5% |
| Small Cap | 33.9% | 63.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | NJ Momentum | Union Active Momentum |
|---|---|---|
| Pharmaceuticals & Biotechnology | 19.7% | 13.6% |
| Industrial Products | 15.7% | 11.0% |
| Auto Components | 10.0% | 13.7% |
| Banks | 13.1% | 4.6% |
| Chemicals & Petrochemicals | 6.2% | 6.7% |
| Finance | 6.4% | 2.7% |
| Electrical Equipment | 2.3% | 5.7% |
| Consumer Durables | 3.8% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
NJ Momentum vs Union Active Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | NJ Momentum Fund | Union Active Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.72% | 2.35% |
| Base expense ratio (Direct) | 0.58% | 0.93% |
| Total expense ratio (Regular) | 3.51% | 3.59% |
| Base expense ratio (Regular) | 2.10% | 2.09% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare NJ Momentum with
NJ Momentum Fund vs Union Active Momentum Fund: Frequently Asked Questions
What is the difference between NJ Momentum Fund and Union Active Momentum Fund?
NJ Momentum Fund is a Thematic fund, Union Active Momentum Fund is a Thematic fund, run by NJ Mutual Fund and Union Mutual Fund. Their portfolios overlap 31.7%. NJ Momentum Fund charges 1.72% a year and Union Active Momentum Fund 2.35%.
Which has the lower expense ratio, NJ Momentum Fund or Union Active Momentum Fund?
NJ Momentum Fund charges less: 1.72% a year against 2.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do NJ Momentum Fund and Union Active Momentum Fund overlap?
31.7%. They hold 12 of the same securities, the largest shared ones being WELCORP, LAURUSLABS, SONACOMS. From each fund's latest monthly portfolio.
Which is riskier, NJ Momentum Fund or Union Active Momentum Fund?
On SEBI's riskometer, NJ Momentum Fund is rated Very High and Union Active Momentum Fund Very High. Over their common history, the standard deviation of daily returns was 16.11% and 19.31% a year.
Can I invest in both NJ Momentum Fund and Union Active Momentum Fund?
Yes. 31.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages NJ Momentum Fund and Union Active Momentum Fund?
NJ Momentum Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia. Union Active Momentum Fund: Gaurav Chopra, Sanjay Bembalkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.