Union Innovation & Opportunities Fund is a Thematic fund run by Union Mutual Fund. On 30-09-2026, it managed ₹1,307 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 18.3% a year and its Regular plan returned 16.6% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹16.02
▼ 0.80% · 30-10-2026
NAV (Regular plan)
₹15.31
▼ 0.84% · 30-10-2026
Expense ratio
0.99%Direct2.35%Regular
0.99%
A year
Riskometer
Very High
Set by the fund house
3 year return
18.3%Direct16.6%Regular
18.3%
A year
Union Innovation & Opportunities Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹16.02 (down 0.80% that day); Regular Plan Growth ₹15.31 (down 0.84% that day).
This fund (Direct plan)
₹16.02
Union Innovation & Opportunities Fund Returns vs Nifty 500 TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−2.08%
+0.19%
+11.72%
+4.16%
+18.28%
--
--
This fund (Regular)
−2.17%
−0.20%
+11.02%
+2.75%
+16.59%
--
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
--
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
--
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
--
--
Rank in Thematic
111/235
28/232
27/232
54/215
32/133
--
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
Union Innovation & Opportunities Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
+8.98%
+7.82%
−7.51%
2025
−2.58%
−4.05%
+7.76%
2024
+42.90%
+40.82%
+16.24%
Union Innovation & Opportunities Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 30 periods, one for each trading day from 15-09-2026 to 30-10-2026.
0%5%10%15%20%25%
Union Innovation & Opportunities Fund (Direct)
Nifty 500 TRI
Sept 2023 to Sept 2026Sept 2023 to Sept 2026Oct 2023 to Oct 2026Oct 2023 to Oct 2026Oct 2023 to Oct 2026Oct 2023 to Oct 2026
Union Innovation & Opportunities Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
63%
5-10%
0%
37%
10-15%
93%
0%
15-20%
7%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
524
10.4%
−6.5%
52.0%
7%
5.2%
83%
2 years
276
11.1%
3.7%
26.0%
0%
5.4%
100%
3 years
30
18.2%
16.1%
20.3%
0%
9.6%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
26
11.5%
−16.3%
60.5%
23%
4.1%
69%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.
Union Innovation & Opportunities Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Union Innovation & Opportunities Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+4.16%
−7.34%
Standard deviation
17.56%
14.48%
Sharpe ratio
-0.06
-0.87
Sortino ratio
-0.08
-1.16
Maximum drawdown
−18.1%
(23-03-2026)
−14.7%
(30-03-2026)
Beta
1.07
1.00
Alpha
+12.37%
0.00%
From daily NAVs, 30-10-2025 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Union Innovation & Opportunities Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+18.28%
+10.22%
Standard deviation
17.80%
14.30%
Sharpe ratio
0.69
0.29
Sortino ratio
0.94
0.40
Maximum drawdown
−23.9%
(07-04-2025)
−18.6%
(28-02-2025)
Beta
1.09
1.00
Alpha
+7.69%
0.00%
From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Union Innovation & Opportunities Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+16.48%
+8.38%
Standard deviation
17.64%
14.18%
Sharpe ratio
0.59
0.16
Sortino ratio
0.80
0.22
Maximum drawdown
−23.9%
(07-04-2025)
−18.6%
(28-02-2025)
Beta
1.09
1.00
Alpha
+7.88%
0.00%
From daily NAVs, 13-09-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−25%−20%−15%−10%−5%0%
Union Innovation & Opportunities Fund (Direct)
Nifty 500 TRI
202420252026
Union Innovation & Opportunities Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Union Innovation & Opportunities Fund (Direct)
−23.9%
17-12-2024
07-04-2025
30-06-2026
15 months
−6.3%
Nifty 500 TRI
−18.6%
26-09-2024
28-02-2025
Not yet
--
−8.8%
From the Direct plan's daily NAV since 13-09-2023, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Union Innovation & Opportunities Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Union Innovation & Opportunities Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.70%
0.05%
0.00%
0.24%
0.99%
1.18%
60/235
Regular
1.86%
0.05%
0.00%
0.44%
2.35%
2.41%
103/235
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
2.75%
4.16%
1.41%
₹1,02,750
₹1,04,160
3 years
16.59%
18.28%
1.69% a year
₹1,58,483
₹1,65,476
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Union Innovation & Opportunities Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 13-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planUnion Innovation & Opportunities Fund (Direct)
₹3,80,000
₹4,63,358
₹83,358
12.6%
Regular planUnion Innovation & Opportunities Fund (Regular)
Direct planUnion Innovation & Opportunities Fund (Direct)Regular planUnion Innovation & Opportunities Fund (Regular)Nifty 500 TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Union Innovation & Opportunities Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
96.1%Equity
Asset
Fund
Category
Equity
96.1%
94.5%
Cash and others
3.8%
4.0%
Debt
0.1%
1.5%
Market cap of stocks
Market cap
Fund
Category
Large Cap
13.1%
45.7%
Mid Cap
27.8%
19.6%
Small Cap
54.7%
24.1%
Not on AMFI's list
0.6%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Union Innovation & Opportunities Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Retailing15.6%
Auto Components10.3%
Electrical Equipment7.8%
Pharmaceuticals & Biotechnology6.1%
Financial Technology (Fintech)5.9%
IT - Services5.9%
Consumer Durables5.1%
Chemicals & Petrochemicals4.2%
Banks4.0%
Transport Services3.8%
The ten largest of 23 sectors. The other 13 add up to 27.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Retailing
14.2%
15.1%
15.6%
+1.4%
Auto Components
11.4%
10.6%
10.3%
−1.1%
Electrical Equipment
6.9%
7.4%
7.8%
+0.9%
Pharmaceuticals & Biotechnology
6.3%
5.7%
6.1%
−0.2%
IT - Services
6.4%
5.9%
5.9%
−0.5%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Union Innovation & Opportunities Fund Portfolio Holdings
As on 30-09-2026 · 55 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
One 97 Communications Ltd.
Financial Technology (Fintech)
5.25%
0.0%
Eternal Ltd.
Retailing
4.80%
0.0%
Info Edge (India) Ltd.
Retailing
3.49%
+21.5%
GE Vernova T&D India Ltd.
Electrical Equipment
3.20%
+13.8%
Sai Life Sciences Ltd.
Pharmaceuticals & Biotechnology
3.12%
0.0%
Ather Energy Ltd.
Automobiles
3.09%
0.0%
Acutaas Chemicals Ltd.
Pharmaceuticals & Biotechnology
2.95%
0.0%
Sona Blw Precision Forgings Ltd.
Auto Components
2.84%
0.0%
CG Power and Industrial Solutions Ltd.
Electrical Equipment
2.84%
0.0%
Syrma SGS Technology Ltd.
Industrial Manufacturing
2.68%
0.0%
ZF Commercial Vehicle Control Systems India Ltd.
Auto Components
2.59%
0.0%
The Phoenix Mills Ltd.
Realty
2.46%
0.0%
RBL Bank Ltd.
Banks
2.41%
+12.4%
AFFLE 3I Ltd.
IT - Services
2.39%
0.0%
CarTrade Tech Ltd.
Retailing
2.31%
0.0%
JSW Energy Ltd.
Power
2.23%
0.0%
Honasa Consumer Ltd.
Personal Products
2.23%
0.0%
Delhivery Ltd.
Transport Services
2.17%
0.0%
Amber Enterprises India Ltd.
Consumer Durables
2.14%
0.0%
Billionbrains Garage Ventures Ltd.
Capital Markets
2.11%
0.0%
Inventurus Knowledge Solutions Ltd.
IT - Services
2.09%
0.0%
S.J.S. Enterprises Ltd.
Auto Components
2.09%
0.0%
Aether Industries Ltd.
Chemicals & Petrochemicals
1.84%
0.0%
Shriram Finance Ltd.
Finance
1.80%
0.0%
SAREGAMA India Ltd.
Entertainment
1.72%
0.0%
MTAR technologies Ltd.
Electrical Equipment
1.71%
0.0%
Data Patterns (India) Ltd.
Aerospace & Defense
1.69%
+15.8%
The Federal Bank Ltd.
Banks
1.64%
0.0%
Lenskart Solutions Ltd.
Retailing
1.57%
0.0%
Gabriel India Ltd.
Auto Components
1.50%
0.0%
Krishna Institute of Medical Sciences Ltd.
Healthcare Services
1.42%
−21.9%
Sagility Ltd.
IT - Services
1.38%
0.0%
UNO Minda Ltd.
Auto Components
1.31%
0.0%
Neogen Chemicals Ltd.
Chemicals & Petrochemicals
1.29%
0.0%
Ethos Ltd.
Consumer Durables
1.21%
0.0%
Urban Company Ltd.
Retailing
1.16%
0.0%
Shadowfax Technologies Ltd.
Transport Services
1.09%
0.0%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
1.04%
0.0%
Dixon Technologies (India) Ltd.
Consumer Durables
1.00%
0.0%
Kfin Technologies Ltd.
Capital Markets
0.99%
0.0%
Fractal Analytics Ltd.
IT - Software
0.97%
0.0%
Bharat Electronics Ltd.
Aerospace & Defense
0.96%
0.0%
FSN E-Commerce Ventures Ltd.
Retailing
0.93%
0.0%
Swiggy Ltd.
Retailing
0.92%
0.0%
Capillary Technologies India Ltd.
IT - Software
0.91%
0.0%
Gokaldas Exports Ltd.
Textiles & Apparels
0.91%
+15.3%
SKY Gold & Diamonds Ltd.
Consumer Durables
0.78%
0.0%
PB Fintech Ltd.
Financial Technology (Fintech)
0.61%
−32.0%
TVS Motor Company Ltd.
Automobiles
0.57%
0.0%
Shiprocket Ltd.
Transport Services
0.56%
0.0%
Inox India Ltd.
Industrial Products
0.48%
0.0%
Meesho Ltd.
Retailing
0.38%
0.0%
KSB Ltd.
Industrial Products
0.32%
0.0%
91 Day Treasury Bills · Government security
Sovereign
0.06%
91 Day Treasury Bills · Government security
Sovereign
0.05%
Union Innovation & Opportunities Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Info Edge (India) Ltd.
↑Added
+21.5%
3.49%
GE Vernova T&D India Ltd.
↑Added
+13.8%
3.20%
RBL Bank Ltd.
↑Added
+12.4%
2.41%
Krishna Institute of Medical Sciences Ltd.
↓Reduced
−21.9%
1.42%
Data Patterns (India) Ltd.
↑Added
+15.8%
1.69%
PB Fintech Ltd.
↓Reduced
−32.0%
0.61%
Gokaldas Exports Ltd.
↑Added
+15.3%
0.91%
Home First Finance Company India Ltd.
↓Sold out
−100%
was 0.73%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Union Innovation & Opportunities Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.99%
Expense ratio (Regular)
2.35%
Category
Thematic
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
06-09-2023
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹1,306.52 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
151905
ISIN (Direct)
INF582M01JE6
Scheme code (Regular)
151903
ISIN (Regular)
INF582M01JA4
NAV history
From 13-09-2023, 3.1 years
Exit load
Exit load of 1%, if redeemed within 1 year.
Tax on Union Innovation & Opportunities Fund returns
Union Innovation & Opportunities Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹16.02
30-10-2026
direct
IDCW
₹14.90
30-10-2026
regular
Growth
₹15.31
30-10-2026
regular
IDCW
₹14.18
30-10-2026
About Union Innovation & Opportunities Fund
Union Innovation & Opportunities Fund is a mutual fund from Union Mutual Fund. Its category is Thematic. It was launched on 06-09-2023. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 55 securities.
Fund Manager
Gaurav Chopra
Fund manager of Union Innovation & Opportunities Fund, since 01-11-2024
Sanjay Bembalkar
Fund manager of Union Innovation & Opportunities Fund, since 06-09-2023
Frequently Asked Questions for Union Innovation & Opportunities Fund
What is the current NAV of Union Innovation & Opportunities Fund?
The Direct plan NAV is ₹16.02. The Regular plan NAV is ₹15.31, as on 30-10-2026.
What are the returns of Union Innovation & Opportunities Fund?
The Direct plan returned +4.16% in 1 year, +18.28% a year over 3 years. The Regular plan returned +2.75% in 1 year, +16.59% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of Union Innovation & Opportunities Fund?
The Direct plan charges 0.99% a year. The Regular plan charges 2.35% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund managed ₹1,306.52 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Union Innovation & Opportunities Fund?
At the end of September 2026 the largest holdings were PAYTM (5.25%), ETERNAL (4.80%), NAUKRI (3.49%), GVT&D (3.20%), SAILIFE (3.12%). The fund held 55 securities in all.
What did Union Innovation & Opportunities Fund buy and sell in September 2026?
It sold out of 1: Home First Finance Company India Ltd. It added shares in 5. It reduced 2.
How do I invest in Union Innovation & Opportunities Fund?
Through Union Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.
Who is the fund manager of Union Innovation & Opportunities Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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