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Union Innovation & Opportunities Fund - Regular Plan - Growth Option is an equity scheme managed by Union Mutual Fund. It has ranked in the top half of its category for 1 of the last 2 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 2.14% on assets of ₹1,105Cr. The fund is currently managed by Gaurav Chopra, appointed within the last year.
Lower is better.
This scheme classifies as Large-Growth on the 3x3 equity style box, with 70% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
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| Window | Min | P25 | Median |
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Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
|---|
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| THE FEDERAL BANK LIMITED | Financial Services | 3.71% |
| CG POWER AND INDUSTRIAL SOLUTIONS LIMITED | Industrials | 3.19% |
| JSW ENERGY LIMITED | Utilities | 3.00% |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED | Consumer Cyclical | 2.90% |
| ATHER ENERGY PRIVATE LIMITED | Consumer Cyclical | 2.90% |
| THE PHOENIX MILLS LIMITED | Real Estate | 2.65% |
| TVS MOTOR COMPANY LIMITED | Consumer Cyclical | 2.64% |
| DELHIVERY LIMITED | Industrials | 2.63% |
| AMBER ENTERPRISES INDIA LIMITED | Consumer Cyclical | 2.61% |
| Sai Life Sciences Limited | Healthcare | 2.58% |
| BHARAT ELECTRONICS LIMITED | Industrials | 2.55% |
| AFFLE (INDIA) LIMITED | Technology | 2.53% |
| Krishna Institute Of Medical Sciences Limited | Healthcare | 2.40% |
| S.J.S. ENTERPRISES LIMITED | Consumer Cyclical | 2.38% |
| INVENTURUS KNOWLEDGE SOLUTIONS LIMITED | Healthcare | 2.34% |
| ABBOTT INDIA LIMITED | Healthcare | 2.04% |
| DATA PATTERNS (INDIA) LIMITED | Industrials | 1.93% |
| PB FINTECH LIMITED | Financial Services | 1.93% |
| SONA BLW PRECISION FORGINGS LIMITED | Consumer Cyclical | 1.82% |
| HONASA CONSUMER LIMITED | Consumer Defensive | 1.79% |
| SYRMA SGS TECHNOLOGY LIMITED | Technology | 1.70% |
| SAGILITY INDIA PRIVATE LIMITED | Healthcare | 1.60% |
| Shriram Finance Limited | Financial Services | 1.58% |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LIMITED | Industrials | 1.50% |
| FSN E-COMMERCE VENTURES LIMITED | Consumer Cyclical | 1.46% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 4 | 15.47% |
| Capital Goods | — | 15.06% |
| Automobile and Auto Components | — | 14.55% |
| Consumer Services | — | 13.38% |
| Healthcare | 5 | 11.09% |
| Information Technology | — | 9.21% |
| Consumer Durables | — | 3.97% |
| Power | — | 3.00% |
| Chemicals | — | 2.95% |
| Realty | — | 2.65% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -7.89% | 3.12% | 7.59% | 16.10% | 49.75% | 89.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 28.8% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.
| 5Y |
|---|
| Star |
|---|
| Kotak Pioneer Fund- Regular Plan- Growth Option | Kotak Mahindra Mutual Fund | ₹3,495 Cr | 1.86% | +19.84% | +15.27% | 5★ |
| Axis Innovation Fund - Regular Plan - Growth Option | Axis Mutual Fund | ₹1,178 Cr | 2.18% | +14.49% | +11.20% | 4★ |
| Nippon India Innovation Fund-Regular Plan-Growth Option | Nippon India Mutual Fund | ₹2,778 Cr | 2.46% | — | — | 2★ |
| UTI Innovation Fund - Regular Plan - Growth Option | UTI Mutual Fund | ₹740 Cr | 2.28% | — | — | 1★ |
| Baroda BNP Paribas Innovation Fund Regular plan - Growth Option | Baroda BNP Paribas Mutual Fund | ₹870 Cr | 2.32% | — | — | 3★ |
| Bandhan Innovation Fund - Regular Plan - Growth | Bandhan Mutual Fund | ₹2,102 Cr | 3.77% | — | — | 3★ |
| SBI Innovative Opportunities Fund - Regular Plan - Growth | SBI Mutual Fund | ₹4,988 Cr | 1.94% | — | — | 1★ |
| Motilal Oswal Innovation Opportunities Fund- Regular Plan- Growth | Motilal Oswal Mutual Fund | ₹525 Cr | 2.60% | — | — | 4★ |
| HDFC INNOVATION FUND - REGULAR PLAN - GROWTH OPTION | HDFC Mutual Fund | ₹2,621 Cr | 1.95% | — | — | — |
| Mahindra Manulife Innovation Opportunities Fund - Regular - Growth | Mahindra Manulife Mutual Fund | ₹181 Cr | 2.39% | — | — | — |