Union Equity Savings Fund
Union Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI
Union Equity Savings Fund is heavily tilted toward financial services and government-backed securities, with nearly 45 percent locked in its top ten holdings, signaling a conservative approach to equity savings. The manager has doubled down on agritech exposure through Patanjali Foods while trimming large-cap discretion, suggesting conviction in rural consumption and inflation-hedging themes. The elevated allocation to AAA-rated instruments and TREPS reflects a defensive posture, prioritizing stable returns over growth even within the equity sleeve.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹17.6400 | — | — | — | — | — | — |
| Regular Growth | ₹16.9000 | +0.12% | -1.52% | -1.17% | +1.99% | +7.14% | +6.35% |
| Direct IDCW | ₹17.6400 | — | — | — | — | — | — |
| Regular IDCW | ₹16.9000 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
79
Top 5 Weight
24.98%
Top 10 Weight
40.80%
Active Share
—
Large Cap
40.23%
Gini
0.538
What Changed2026-03-31 → 2026-04-30
Holdings: 83 → 81+3 added−5 removed31 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Ujjivan Small Finance Bank Ltd. | 1.00% |
| Sona Blw Precision Forgings Ltd. | 0.47% |
| 364 Day Treasury Bills | 2.19% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Power Finance Corporation Ltd.** INE134E08NO0 | 6.99% |
| 2 | National Bank for Agriculture and Rural Development** INE261F08ER0 | 6.96% |
| 3 | TREPS | 6.63% |
| 4 | Reliance Industries Ltd. INE002A01018 | 3.85% |
| 5 | Patanjali Foods Ltd. INE619A01035 | 3.76% |
| 6 | Indian Railway Finance Corporation Ltd.** INE053F08460 | 3.42% |
| 7 | Bajaj Finance Ltd. INE296A01032 | 3.36% |
| 8 | HDFC Bank Ltd. INE040A01034 | 3.33% |
| 9 | Indus Towers Ltd. INE121J01017 | 3.24% |
| 10 | Net Receivable / Payable | 3.13% |
| 11 | NTPC Ltd. INE733E01010 | 2.95% |
| 12 | Max Financial Services Ltd. INE180A01020 | 2.94% |
| 13 | Multi Commodity Exchange of India Ltd. INE745G01043 | 2.75% |
| 14 | 364 Day Treasury Bills IN002025Z153 | 2.19% |
| 15 | 91 Day Treasury Bills IN002025X471 | 2.10% |
| 16 | Bharti Airtel Ltd. INE397D01024 | 2.02% |
| 17 | Bandhan Bank Ltd. INE545U01014 | 1.97% |
| 18 | Titan Company Ltd. INE280A01028 | 1.84% |
| 19 | Kotak Mahindra Bank Ltd. INE237A01036 | 1.74% |
| 20 | CG Power and Industrial Solutions Ltd. INE067A01029 | 1.63% |
Sector Allocation
CRISIL AAA17.4%
Banks13.1%
Telecom - Services5.3%
Finance4.8%
Agricultural Food & other Products4.6%
Sovereign4.3%
Petroleum Products3.9%
Power3.4%
Capital Markets3.3%
Consumer Durables3.0%
Top 10 sectors by % to NAV. Excludes derivatives.