Union Value Fund
Direct · GrowthAI Summary
Union Value Fund has delivered solid SIP XIRR of 19.07% over 3Y and 19.97% over 5Y, comfortably ahead of the category averages of 16.95% and 16.99% respectively. The fund has also beaten its benchmark (NIFTY50 VALUE 20) meaningfully across periods, with 3Y alpha of 6.64% and 5Y alpha of 5.32%. However, recent performance is softer, with 1Y SIP XIRR of 11.83% only modestly above the category average of 11.59% and a negative 7.15% return in calendar 2026.
The fund exhibits strong downside control, with downside capture consistently between 79.43% and 85.21% across periods, meaning it loses meaningfully less than the benchmark in weak markets. Beta below 0.92 across all timeframes and positive alpha of 2.36% to 6.64% indicate consistent risk-adjusted outperformance. The maximum drawdown metric is reported as small (-0.38%), though the fund has had 5 drawdown events exceeding 10% and the longest recovery period was 227 days, a point worth noting.
The portfolio is diversified across 65 holdings, with the top 10 accounting for roughly 33.99% of NAV and no single stock exceeding 6.71% (ICICI Bank). Banks dominate with 21.4% exposure, followed by IT-Software at 7.2%, so the fund carries meaningful financial-sector cyclicality. Anchors like HDFC Bank, Reliance Industries, SBI, and NTPC reflect a classic large-cap value orientation.
Against category average SIP XIRR, the fund leads by roughly 2.1% over 3Y (19.07% vs 16.95%), 3.0% over 5Y (19.97% vs 16.99%), and 0.9% over 7Y (16.85% vs 15.98%), indicating sustained peer outperformance across horizons. Benchmark alpha is positive across every measured period from 1Y through 15Y, albeit tapering from 6.64% (3Y) to 3.02% (10Y). Calendar year returns show good consistency, with positive returns in 7 of 9 years, though 2026 is negative so far at -7.15%.
This fund is suitable for value-oriented investors seeking benchmark-beating returns with lower downside participation, ideally with a 5-7 year or longer horizon given its long-term track record of 15.35% CAGR over 7Y. Investors should tolerate bank-heavy sector concentration and periodic drawdowns, including the current 2026 decline of -7.15%. It fits a core large-cap value allocation for moderate-risk investors, best used through SIP to average out value-style cyclicality.
- Outperformance vs category peers: 5Y SIP XIRR of 19.97% vs category average of 16.99%, a 2.98% annualized edge
- Consistent benchmark leadership: positive alpha in all periods from 1Y (5.08%) to 15Y (1.71%), with upside capture of 86.78% to 92.49%
- Strong downside protection: downside capture of 79.43% to 85.21% across periods, cushioning losses in falling markets
- Heavy financial-sector exposure: Banks at 21.4% plus Finance at 4.6% creates concentration risk linked to interest rate and credit cycles
- Recent momentum has weakened: 7Y SIP XIRR of 16.85% trails the 3Y and 5Y figures, and calendar 2026 is Down -7.15%, suggesting value-style headwinds
Generated on 01-11-2026, 3:03 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 | ₹12.79 L | 19.5% | -58.2% | 92.5% |
| 3 Years | ₹36.00 L | ₹47.42 L | 19.6% | 0.2% | 34.0% |
| 5 Years | ₹60.00 L | ₹96.35 L | 20.0% | 8.9% | 29.1% |
| 7 Years | ₹84.00 L | ₹1.51 Cr | 16.9% | 13.2% | 19.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY50 VALUE 20 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 19.5% | 14.9% | 11.6% | +4.6% |
| 3 Years | 19.6% | 12.9% | 16.9% | +6.7% |
| 5 Years | 20.0% | 13.5% | 17.0% | +6.4% |
| 7 Years | 16.9% | 13.3% | 16.0% | +3.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.6% | 11.0% | -33.9% | 101.3% | 0.59 | 2.02 | 90% | — | — |
| 3 Years | 20.1% | 19.8% | 10.2% | 35.3% | 3.43 | — | 100% | — | — |
| 5 Years | 20.3% | 20.6% | 10.0% | 31.1% | 3.34 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.08 | 0.97 | 92.5% | 85.2% | -6.9% | -12.7% |
| 3 Years | +6.64 | 0.92 | 91.3% | 81.7% | 10.9% | 4.0% |
| 5 Years | +5.32 | 0.87 | 87.0% | 79.4% | 10.5% | 5.0% |
| 7 Years | +4.91 | 0.90 | 88.2% | 81.6% | 15.3% | 10.9% |
| 10 Years | +3.02 | 0.89 | 86.8% | 80.7% | 11.1% | 8.2% |
| 12 Years | +2.36 | 0.89 | 86.8% | 80.7% | 9.1% | 6.8% |
| 15 Years | +1.71 | 0.89 | 86.8% | 80.7% | 7.2% | 5.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. | 6.44% |
| 2 | HDFC Bank Ltd. | 4.12% |
| 3 | Reliance Industries Ltd. | 3.75% |
| 4 | Axis Bank Ltd. | 3.21% |
| 5 | Bharti Airtel Ltd. | 2.98% |
| 6 | State Bank of India | 2.93% |
| 7 | Shriram Finance Ltd. | 2.73% |
| 8 | NTPC Ltd. | 2.21% |
| 9 | Tech Mahindra Ltd. | 2.19% |
| 10 | Larsen & Toubro Ltd. | 2.16% |