Union Innovation and Opportunities Fund
Direct · GrowthAI Summary
Union Innovation and Opportunities Fund has delivered a 3Y SIP XIRR of 15.73%, slightly below the category average of 16.2%, while its 1Y SIP XIRR of 13.52% beats the category's 10.6%. Against the NIFTY 50, the fund shows strong outperformance with a 3Y Fund CAGR of 17.93% versus the benchmark's 6.46%, generating alpha of 11.47% over 3Y and 13.74% over 1Y. However, calendar year returns are uneven, ranging from -3.29% in 2025 to 42.9% in 2024, reflecting the volatile nature of thematic investing.
The fund's beta of roughly 0.97-0.99 indicates it moves nearly in line with the NIFTY 50, but its downside capture of 80.64% (1Y) to 88.06% (longer windows) shows it loses less than the benchmark in falling markets, a key risk-management positive. The maximum drawdown was modest at -0.24% with a 111-day duration, though recovery took 449 days, and there have been 2 drawdown events exceeding 10%. Calmar ratios of 0.61 (1Y) and 0.76 (3Y) suggest reasonable risk-adjusted returns given the fund's strong outperformance.
The portfolio holds 51 stocks with the top 10 accounting for roughly 33.6% of NAV, led by One 97 Communications (5.22%) and Eternal (4.78%), indicating moderate concentration. Sector exposure is spread across Retailing (14.1%), Auto Components (10.6%), Electrical Equipment (7.4%), and Fintech (6.8%), giving diversified but innovation-focused exposure. Holdings like Ather Energy, GE Vernova T&D, and Sai Life Sciences reflect a deliberate tilt toward new-age and growth-oriented businesses.
The fund's 1Y SIP XIRR of 13.52% outpaces the category average of 10.6%, but its 3Y SIP XIRR of 15.73% trails the category's 16.2%, suggesting recent momentum is stronger than longer-term consistency. Consistent positive alpha across all measured windows (from 13.74% at 1Y down to 2.14% at 15Y) confirms persistent benchmark outperformance. The wide calendar-year swings, however, are typical of the sectoral/thematic category and indicate performance depends heavily on market cycles for growth themes.
This fund suits investors with high risk tolerance who already hold diversified core equity funds and want a satellite allocation to innovation-driven themes. A horizon of at least 5-7 years is advisable, given the long 449-day drawdown recovery and the volatility evident in calendar-year returns. Investors should be comfortable with periods of underperformance, such as the -3.29% return in 2025, and use SIPs to smooth entry points.
- Strong benchmark outperformance with 3Y Fund CAGR of 17.93% versus NIFTY 50's 6.46% and alpha of 11.47%
- Favorable downside capture of 80.64% (1Y) to 88.06%, meaning the fund falls less than the benchmark in weak markets
- 1Y SIP XIRR of 13.52% clearly beats the category average of 10.6%, with a reasonable 0.87% expense ratio
- 3Y SIP XIRR of 15.73% lags the category average of 16.2%, indicating mixed consistency versus thematic peers
- Highly uneven calendar-year returns, from 42.9% in 2024 to -3.29% in 2025, plus a lengthy 449-day recovery from max drawdown, highlight significant volatility
Generated on 30-10-2026, 2:16 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 | ₹12.73 L | 16.3% | -24.1% | 68.4% |
| 3 Years | ₹36.00 L | ₹45.90 L | 15.9% | 8.7% | 18.9% |
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 | 16.3% | 14.3% | 10.5% | +2.0% |
| 3 Years | 15.9% | 11.0% | 16.2% | +4.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 14.5% | 10.3% | -6.5% | 52.0% | 0.56 | 2.77 | 93% | — | — |
| 3 Years | 18.1% | 18.1% | 16.1% | 20.3% | 11.71 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +14.55 | 0.97 | 97.8% | 78.4% | 4.2% | -10.9% |
| 3 Years | +11.88 | 0.99 | 102.4% | 87.0% | 18.3% | 6.4% |
| 5 Years | +7.10 | 0.99 | 102.8% | 86.8% | 9.9% | 2.8% |
| 7 Years | +4.96 | 0.99 | 102.8% | 86.8% | 7.0% | 2.0% |
| 10 Years | +3.41 | 0.99 | 102.8% | 86.8% | 4.8% | 1.4% |
| 12 Years | +2.81 | 0.99 | 102.8% | 86.8% | 4.0% | 1.1% |
| 15 Years | +2.23 | 0.99 | 102.8% | 86.8% | 3.2% | 0.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | One 97 Communications Ltd. | 5.25% |
| 2 | Eternal Ltd. | 4.80% |
| 3 | Info Edge (India) Ltd. | 3.49% |
| 4 | GE Vernova T&D India Ltd. | 3.20% |
| 5 | Sai Life Sciences Ltd. | 3.12% |
| 6 | Ather Energy Ltd. | 3.09% |
| 7 | Acutaas Chemicals Ltd. | 2.95% |
| 8 | Sona Blw Precision Forgings Ltd. | 2.84% |
| 9 | CG Power and Industrial Solutions Ltd. | 2.84% |
| 10 | Syrma SGS Technology Ltd. | 2.68% |