Union Innovation & Opportunities Fund
Current NAV
₹15.40
1Y Return
+6.6%
3Y Return
--
5Y Return
--
AUM
₹1,140 Cr
Expense Ratio (Direct)
--
Category
Sectoral/Thematic
Top Holdings
Top 20 of 50 stocks held by this fund as of May 2026 (Source: AMC monthly disclosure)
Zomato Ltd
Retailing
Ami Organics Ltd
Pharmaceuticals and Biotechnology
GE Vernova T and D India Ltd
Electrical Equipment
One 97 Communications Limited
Financial Technology (Fintech)
FEDERAL BANK LTD.
Banks
CG Power and Industrial Solutions Limited
Electrical Equipment
JSW Energy Limited
Power
ZF Commercial Vehicle Control Systems India Limited
Auto Components
Ather Energy Limited
Automobiles
Sai Life Sciences Limited
Pharmaceuticals & Biotechnology
S.J.S. ENTERPRISES LIMITED EQ
Auto Components
Affle (India) Limited
IT - Services
Krishna Institute of Medical Science Ltd
Healthcare Services
Phoenix Mills Limited
Realty
Delhivery Limited
Transport Services
Amber Enterprises India Limited
Consumer Durables
Bharat Electronics Limited
Aerospace & Defense
Inventurus Knowledge Solutions Limited
IT - Services
Info Edge (India) Limited
Retailing
Abbott India Limited
Pharmaceuticals & Biotechnology
📋 All returns shown are for Direct-Growth plan. Data from AMC monthly portfolio disclosure.
SIP in Union Innovation & Opportunities Fund
If you had invested ₹10,000/month via SIP:
1 Year SIP
₹123,960
Invested: ₹1,20,000
3 Year SIP
₹403,200
Invested: ₹3,60,000
5 Year SIP
₹744,000
Invested: ₹6,00,000
Invest in Union Innovation & Opportunities Fund
Start SIP from ₹500/month on these platforms
Portfolio Overlap
Funds that share the most stock holdings with Union Innovation & Opportunities Fund.
View full overlap analysis →More Sectoral/Thematic Funds
About Sectoral/Thematic Funds
Sectoral/Thematic mutual funds are a category defined by SEBI (Securities and Exchange Board of India) under their mutual fund categorization framework. These funds invest primarily in equities that match the sectoral/thematic profile, with specific allocation mandates that fund managers must follow. The category determines the fund's risk-return characteristics and its suitability for different investor profiles.
When evaluating a Sectoral/Thematic fund like Union Innovation & Opportunities Fund, key metrics to consider include: 3-year and 5-year CAGR (rolling returns are more reliable than point-to-point), expense ratio (Direct plans have lower costs), portfolio turnover, standard deviation (volatility measure), Sharpe ratio (risk-adjusted returns), and alpha generation over benchmark. A fund that consistently beats its benchmark index over multiple market cycles is a strong candidate.
For long-term wealth creation, Sectoral/Thematic funds work best with a systematic investment plan (SIP) over 5+ years. SIP helps average out market volatility through rupee cost averaging. Lump sum investments are better timed during market corrections. Always ensure your mutual fund portfolio is diversified across 3-4 categories rather than concentrating in a single fund type. Consult a SEBI-registered investment advisor for personalized advice based on your financial goals and risk appetite.
Frequently Asked Questions
Is Union Innovation & Opportunities Fund good for SIP?
Union Innovation & Opportunities Fund is a Sectoral/Thematic fund with very-high risk. For SIP investors, consistency of returns matters more than absolute returns. Check the fund's rolling returns and standard deviation before committing to a SIP. Sectoral/Thematic funds are generally suitable for SIP with a minimum 5-year investment horizon for optimal results.
What is the risk level of this fund?
Union Innovation & Opportunities Fund is categorized as very-high risk as per SEBI's riskometer methodology. This assessment considers market cap allocation, sector concentration, and historical portfolio volatility. Higher risk funds may deliver better long-term returns but expect 20-40% drawdowns during market corrections.
How to invest in this fund?
You can invest in Union Innovation & Opportunities Fund (Direct-Growth plan) through platforms like Groww, Zerodha Coin, Kuvera, or directly from the AMC website. Minimum SIP amount starts at ₹500/month on most platforms. Complete KYC (PAN + Aadhaar verification) is mandatory before your first investment.
What are the tax implications?
For equity mutual funds in India: Short-term capital gains (units held less than 1 year) are taxed at 20%. Long-term capital gains (held more than 1 year) above ₹1.25 lakh in a financial year are taxed at 12.5%. ELSS funds have a mandatory 3-year lock-in period. Dividend income from mutual funds is added to your income and taxed at your applicable slab rate.