Union Active Momentum Fund
Direct · GrowthAI Summary
Union Active Momentum Fund delivered a 1Y SIP XIRR of 12.74%, ahead of the category average of 10.69%. Over the past 1Y it posted a Fund CAGR of 12.15% versus -11.43% for the NIFTY 50, generating a strong alpha of 22.79%. However, longer-term lump-sum CAGRs remain marginally negative (3Y: -0.53%), though still slightly ahead of the benchmark.
The fund shows a maximum drawdown of just -0.27% with a 56-day duration, though recovery took 549 days, and only one drawdown event exceeding 10% was recorded. Its 1Y Calmar Ratio of 0.29 reflects modest risk-adjusted returns relative to drawdown. Downside capture of 69.97% over 1Y indicates meaningful downside protection, while beta near 1.0 suggests market-like volatility overall.
The portfolio is spread across 35 holdings with the top 10 each between 2.8% and 3.66% of NAV, indicating no single-stock concentration risk. Sector exposure is led by Auto Components (13.8%), Pharmaceuticals & Biotechnology (13.3%), and Industrial Products (11.2%), giving a diversified but cyclical tilt. Holdings like Welspun Corp, Ather Energy, and Avalon Technologies reflect a momentum-driven, mid-cap oriented strategy.
The fund's 1Y SIP XIRR of 12.74% beats the category average of 10.69%, showing recent competitive strength. Calendar year returns have been inconsistent, with -14.75% in 2025 against 12.66% in 2026 and 1.2% in 2024. As a sectoral/thematic momentum fund, its performance is likely to be more volatile and cyclical than diversified peers.
This fund suits investors with high risk tolerance seeking momentum-based, thematic exposure as a satellite holding rather than a core portfolio fund. A time horizon of at least 5 years is advisable given the volatility evident in calendar year swings. Investors should be comfortable with periods of significant underperformance, such as the -14.75% return in 2025.
- Strong 1Y alpha of 22.79% against the NIFTY 50, with Fund CAGR of 12.15% versus benchmark's -11.43%
- 1Y SIP XIRR of 12.74% exceeds the category average of 10.69%
- Favorable downside capture of 69.97% over 1Y, limiting losses in weak markets
- Long-term lump-sum CAGRs are negative (3Y: -0.53%, 5Y: -0.32%), indicating weak sustained performance
- High return volatility across calendar years, including -14.75% in 2025, typical of thematic momentum strategies
Generated on 21-10-2026, 3:05 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.41 L | 12.1% | -20.8% | 37.2% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 12.1% | 14.3% | 10.6% | -2.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 7.8% | 9.0% | -15.4% | 21.9% | 0.15 | 0.20 | 82% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +21.65 | 0.96 | 98.7% | 73.2% | 10.0% | -12.4% |
| 3 Years | -0.01 | 1.02 | 93.4% | 92.4% | -1.6% | -1.5% |
| 5 Years | +0.03 | 1.02 | 93.4% | 92.4% | -1.0% | -0.9% |
| 7 Years | +0.07 | 1.02 | 93.4% | 92.4% | -0.7% | -0.6% |
| 10 Years | +0.09 | 1.02 | 93.4% | 92.4% | -0.5% | -0.5% |
| 12 Years | +0.08 | 1.02 | 93.4% | 92.4% | -0.4% | -0.4% |
| 15 Years | +0.10 | 1.02 | 93.4% | 92.4% | -0.3% | -0.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Welspun Corp Ltd. | 3.66% |
| 2 | Ather Energy Ltd. | 3.28% |
| 3 | Avalon Technologies Ltd. | 3.19% |
| 4 | R R Kabel Ltd. | 2.98% |
| 5 | Sansera Engineering Ltd. | 2.96% |
| 6 | Craftsman Automation Ltd. | 2.91% |
| 7 | IOL Chemicals and Pharmaceuticals Ltd. | 2.87% |
| 8 | Navin Fluorine International Ltd. | 2.86% |
| 9 | FSN E-Commerce Ventures Ltd. | 2.80% |
| 10 | Apollo Hospitals Enterprise Ltd. | 2.80% |