Union Focused Fund
Direct · GrowthAI Summary
Union Focused Fund has delivered consistent SIP XIRR of 14.26% over 5Y and 14.08% over 7Y, though it trails the category averages of 15.54% and 15.08% for those periods. Against the NIFTY 50, the fund shows strong outperformance with positive alpha across all horizons, including 5.31% alpha over 7Y (fund CAGR 15.38% vs benchmark 10.44%). Its 1Y SIP XIRR of 13.8% comfortably beats both the benchmark's -9.93% CAGR and the category average of 11.19%.
The fund exhibits a defensive risk profile with a beta of roughly 0.90-0.96 across horizons and downside capture consistently below 91%, meaning it falls less than the index in corrections. The maximum drawdown of just -0.34% with a 33-day duration suggests low recent volatility, though 5 drawdown events exceeding 10% have occurred historically. Calmar ratios of 0.48-0.55 across horizons indicate moderate risk-adjusted efficiency, supported by meaningful alpha generation.
The 28-stock focused portfolio is led by ICICI Bank at 9.03%, with HDFC Bank also present, giving Banks a dominant 22.9% sector weight. Other notable positions include Solar Industries (5.22%), Gabriel India (4.82%), and Navin Fluorine (4.28%), spanning chemicals, auto components, pharma, and capital markets. The concentrated top-10 allocation of roughly 47.3% is typical of the focused mandate but concentrates sector risk in financials.
The fund lags category average SIP XIRR across 3Y (14.15% vs 15.84%), 5Y (14.26% vs 15.54%), and 7Y (14.08% vs 15.08%), placing it below the middle of the focused fund pack. However, calendar year returns show reasonable consistency, with positive years in 6 of the last 8 including 35.25% in 2021 and 21.42% in 2023. Its low downside capture and steady alpha suggest a capital-preservation tilt rather than category-leading returns.
This fund suits investors seeking a focused equity fund with below-market volatility and steady, benchmark-beating returns rather than aggressive outperformance. A minimum horizon of 5-7 years is appropriate given the equity exposure and the fund's demonstrated long-term alpha. It fits moderate-risk investors comfortable with sector concentration in banks and mid-sized holdings like Solar Industries and Eternal.
- Consistent positive alpha versus NIFTY 50 across all measured horizons, including 5.31% over 7Y and 3.92% over 5Y
- Low downside capture (85.96%-90.2%) with beta below 1, offering better downside protection than the index
- Strong 1Y SIP XIRR of 13.8% versus the category average of 11.19% during a period when the benchmark returned -9.93% CAGR
- SIP XIRR trails category averages across 3Y, 5Y, and 7Y horizons by roughly 0.9-1.7 percentage points
- Heavy sector concentration in Banks at 22.9% of the portfolio creates vulnerability to financial sector underperformance
Generated on 17-10-2026, 2:13 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 | ₹12.83 L | 19.7% | -23.4% | 89.2% |
| 3 Years | ₹36.00 L | ₹44.03 L | 14.6% | 1.3% | 24.2% |
| 5 Years | ₹60.00 L | ₹83.58 L | 14.4% | 6.5% | 23.1% |
| 7 Years | ₹84.00 L | ₹1.39 Cr | 14.2% | 12.3% | 15.1% |
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 | 19.7% | 14.3% | 11.2% | +5.5% |
| 3 Years | 14.6% | 11.0% | 15.8% | +3.6% |
| 5 Years | 14.4% | 10.4% | 15.5% | +4.1% |
| 7 Years | 14.2% | 10.6% | 15.1% | +3.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.5% | 12.9% | -5.3% | 92.6% | 0.66 | 4.01 | 92% | — | — |
| 3 Years | 16.5% | 15.7% | 8.7% | 31.3% | 2.35 | — | 100% | — | — |
| 5 Years | 16.6% | 17.4% | 8.3% | 25.8% | 2.45 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.84 | 0.94 | 98.6% | 81.5% | 2.5% | -11.4% |
| 3 Years | +5.25 | 0.98 | 97.4% | 90.2% | 10.5% | 5.3% |
| 5 Years | +3.78 | 0.93 | 92.6% | 87.3% | 8.4% | 4.4% |
| 7 Years | +5.05 | 0.90 | 92.0% | 86.2% | 14.9% | 10.2% |
| 10 Years | +3.42 | 0.90 | 91.9% | 85.9% | 10.9% | 7.6% |
| 12 Years | +2.70 | 0.90 | 91.9% | 85.9% | 9.0% | 6.3% |
| 15 Years | +1.99 | 0.90 | 91.9% | 85.9% | 7.1% | 5.0% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. | 9.03% |
| 2 | Solar Industries India Ltd. | 5.22% |
| 3 | Gabriel India Ltd. | 4.82% |
| 4 | Navin Fluorine International Ltd. | 4.28% |
| 5 | Tata Consumer Products Ltd. | 4.20% |
| 6 | Eternal Ltd. | 4.17% |
| 7 | Torrent Pharmaceuticals Ltd. | 4.14% |
| 8 | Multi Commodity Exchange of India Ltd. | 3.88% |
| 9 | HDFC Bank Ltd. | 3.84% |
| 10 | Bharat Electronics Ltd. | 3.73% |