Union Value Fund
Direct · GrowthAI Summary
Union Value Fund has delivered strong SIP returns, with a 5Y XIRR of 21.36% and 3Y XIRR of 20.57%, outperforming the category average SIP XIRR of 16.74% and 17.43% respectively. However, its 1Y XIRR of 13.85% trails the category average of 17.71%. Against the NIFTY50 VALUE 20 benchmark, the fund shows consistent alpha across all periods, including 10.80% alpha over 1Y and 7.56% over 5Y.
The fund exhibits strong downside protection, with downside capture of 78.72% to 85.03% across periods versus upside capture of 87.53% to 100.3%, indicating it falls less than the benchmark in weak markets. Beta of 0.87 to 0.99 confirms lower volatility than the benchmark. The maximum drawdown of just -0.38% with a 66-day duration and recovery in 227 days suggests recent drawdowns have been shallow, though 5 drawdown events exceeding 10% have occurred historically.
The portfolio is diversified across 66 holdings, with the top 10 accounting for roughly 33% of NAV. Banks dominate at 22.1% of the portfolio, with ICICI Bank (6.68%), HDFC Bank (4.76%), SBI (3.0%), and Axis Bank (2.6%) among the top holdings. Other significant sectors include IT-Software (7.1%), Pharmaceuticals (5.8%), Construction (5.2%), and Petroleum (4.8%), providing reasonable diversification beyond financials.
The fund beats the category average SIP XIRR across 3Y, 5Y, and 7Y horizons (20.57% vs 17.43%, 21.36% vs 16.74%, and 18.04% vs 16.08% respectively), though it lags on the 1Y metric. Calendar year returns show consistency, with positive returns in every year from 2018 to 2026, including strong years of 33.61% in 2023 and 32.79% in 2021. This long-term outperformance with steady positive annual returns reflects effective value investing execution.
This fund suits investors with a long-term horizon of 5 years or more who believe in value investing and want exposure to a diversified large-cap-tilted value portfolio. Its low downside capture and below-benchmark beta make it appropriate for moderately risk-tolerant investors seeking steadier compounding than the broader market. Investors seeking short-term outperformance should note the fund's recent 1Y underperformance versus category peers.
- Consistent alpha over the NIFTY50 VALUE 20 benchmark across all measured periods, from 2.02% over 15Y to 10.80% over 1Y
- Strong downside protection with downside capture of roughly 79-85% versus the benchmark across all periods
- Outperforms category average SIP XIRR over 3Y, 5Y, and 7Y horizons, with positive calendar year returns every year from 2018 to 2026
- 1Y SIP XIRR of 13.85% trails the category average of 17.71%, indicating recent relative underperformance
- Heavy banking sector exposure of 22.1% creates concentration risk in financials
- Expense ratio of 1.23% is relatively high for a direct plan and can erode long-term returns
Generated on 06-09-2026, 7:49 PM. 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 | ₹12.81 L | 20.1% | -58.2% | 92.5% |
| 3 Years | ₹36.00 L | ₹47.69 L | 20.3% | 3.7% | 34.0% |
| 5 Years | ₹60.00 L | ₹97.41 L | 20.6% | 10.5% | 29.1% |
| 7 Years | ₹84.00 L | ₹1.52 Cr | 17.4% | 14.5% | 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 | 20.1% | 15.1% | 17.7% | +5.0% |
| 3 Years | 20.3% | 13.0% | 17.4% | +7.3% |
| 5 Years | 20.6% | 13.6% | 16.7% | +7.0% |
| 7 Years | 17.4% | 13.3% | 16.1% | +4.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.2% | 11.5% | -33.9% | 101.3% | 0.62 | 2.14 | 91% | — | — |
| 3 Years | 20.5% | 19.9% | 11.9% | 35.3% | 3.83 | — | 100% | — | — |
| 5 Years | 20.9% | 21.0% | 13.9% | 31.1% | 4.05 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.80 | 0.99 | 100.3% | 85.0% | 5.5% | -5.5% |
| 3 Years | +8.51 | 0.92 | 93.8% | 82.0% | 14.6% | 6.0% |
| 5 Years | +7.56 | 0.87 | 88.7% | 78.7% | 14.2% | 6.7% |
| 7 Years | +6.08 | 0.90 | 88.7% | 80.9% | 18.0% | 12.5% |
| 10 Years | +3.51 | 0.89 | 87.5% | 80.8% | 11.9% | 8.7% |
| 12 Years | +2.74 | 0.89 | 87.5% | 80.8% | 9.8% | 7.2% |
| 15 Years | +2.02 | 0.89 | 87.5% | 80.8% | 7.8% | 5.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. | 6.68% |
| 2 | HDFC Bank Ltd. | 4.76% |
| 3 | Reliance Industries Ltd. | 3.95% |
| 4 | Bharti Airtel Ltd. | 3.19% |
| 5 | NTPC Ltd. | 3.15% |
| 6 | Maruti Suzuki India Ltd. | 3.01% |
| 7 | State Bank of India | 3.00% |
| 8 | Shriram Finance Ltd. | 2.78% |
| 9 | Axis Bank Ltd. | 2.60% |
| 10 | Larsen & Toubro Ltd. | 2.16% |