Union Active Momentum Fund
Union Active Momentum is pivoting toward capital-light, high-growth micro and small-cap plays across financials, manufacturing, and commodities, signaling conviction in cyclical recovery and domestic consumption themes. The manager has aggressively rotated out of large-cap banking stalwarts and defensive retailers, replacing them with 33 new smaller positions—a tactical shift suggesting confidence in broader market breadth over index concentration. The elevated cash buffer and rising TREPS allocation hint at tactical positioning ahead, while the 59-stock portfolio maintains flexibility to ride emerging momentum pockets rather than commit deeply to any single thesis.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.0700 | — | — | — | — |
| Regular Growth | ₹8.9000 | +3.25% | +5.33% | — | — |
| Direct IDCW | ₹9.0700 | — | — | — | — |
| Regular IDCW | ₹8.9000 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Sai Life Sciences Ltd. | 1.37% |
| AU Small Finance Bank Ltd. | 1.31% |
| Aditya Birla Sun Life Amc Ltd. | 1.07% |
| Hitachi Energy India Ltd. | 0.90% |
| Sterlite Technologies Ltd. | 0.89% |
| Apar Industries Ltd. | 0.89% |
| BSE Ltd. | 0.88% |
| Glenmark Pharmaceuticals Ltd. | 0.88% |
| Adani Power Ltd. | 0.88% |
| AnandRathi Wealth Ltd. | 0.88% |
| Data Patterns (India) Ltd. | 0.88% |
| Cummins India Ltd. | 0.88% |
| Kirloskar Oil Engines Ltd. | 0.87% |
| Gallantt Ispat Ltd. | 0.87% |
| Steel Authority of India Ltd. | 0.87% |
| Laurus Labs Ltd. | 0.87% |
| Bank of Maharashtra | 0.87% |
| GE Vernova T&D India Ltd. | 0.87% |
| Titan Company Ltd. | 0.87% |
| Syrma SGS Technology Ltd. | 0.86% |
| Graphite India Ltd. | 0.84% |
| Adani Energy Solutions Ltd. | 0.82% |
| Aeroflex Industries Ltd. | 0.80% |
| Bliss GVS Pharma Ltd. | 0.77% |
| Sansera Engineering Ltd. | 0.77% |
| Granules India Ltd. | 0.75% |
| TD Power Systems Ltd. | 0.68% |
| Vardhman Textiles Ltd. | 0.64% |
| Gokul Agro Resources Ltd. | 0.64% |
| KSB Ltd. | 0.62% |
| Precision Wires India Ltd. | 0.60% |
| GE Power India Ltd. | 0.37% |
| 364 Day Treasury Bills | 0.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 9.70% |
| 2 | MTAR technologies Ltd. INE864I01014 | 4.93% |
| 3 | Multi Commodity Exchange of India Ltd. INE745G01043 | 3.53% |
| 4 | Nippon Life India Asset Management Ltd. INE298J01013 | 3.06% |
| 5 | National Aluminium Company Ltd. INE139A01034 | 3.04% |
| 6 | Jindal Steel Ltd. INE749A01030 | 3.00% |
| 7 | The Federal Bank Ltd. INE171A01029 | 2.86% |
| 8 | Avanti Feeds Ltd. INE871C01038 | 2.86% |
| 9 | Axis Bank Ltd. INE238A01034 | 2.73% |
| 10 | Ujjivan Small Finance Bank Ltd. INE551W01018 | 2.70% |
| 11 | Indian Bank INE562A01011 | 2.67% |
| 12 | Net Receivable / Payable | 2.63% |
| 13 | Shriram Finance Ltd. INE721A01047 | 2.63% |
| 14 | Gujarat Mineral Development Corporation Ltd. INE131A01031 | 2.58% |
| 15 | Navin Fluorine International Ltd. INE048G01026 | 2.54% |
| 16 | APL Apollo Tubes Ltd. INE702C01027 | 2.41% |
| 17 | Hindalco Industries Ltd. INE038A01020 | 2.39% |
| 18 | Bajaj Consumer Care Ltd. INE933K01021 | 2.23% |
| 19 | Ashok Leyland Ltd. INE208A01029 | 2.19% |
| 20 | Adani Ports and Special Economic Zone Ltd. INE742F01042 | 2.17% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Union Active Momentum Fund hold?
Union Active Momentum Fund holds 57 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.56% of NAV.
What is the largest holding in Union Active Momentum Fund?
The largest position in Union Active Momentum Fund is TREPS, accounting for 9.70% of NAV.
Is Union Active Momentum Fund a concentrated or diversified fund?
With a Gini coefficient of 0.338, Union Active Momentum Fund is well-diversified. The HHI concentration index is 19,024 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.56% of the portfolio.
What is the market cap allocation of Union Active Momentum Fund?
Based on SEBI's AMFI classification, Union Active Momentum Fund's equity portfolio is split as: Large Cap: 17.38%, Mid Cap: 27.57%, Small Cap: 39.12%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Active Momentum Fund invest in most?
Union Active Momentum Fund has the highest allocation to Banks (16.87%), Capital Markets (9.42%), Electrical Equipment (8.64%). The fund is invested across 24 sectors in total.
How actively managed is Union Active Momentum Fund compared to other Sectoral / Thematic funds?
Union Active Momentum Fund has an Active Share of 81.45%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Union Active Momentum Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Active Momentum Fund added 33 new stocks (including Sai Life Sciences Ltd.) and exited 12 stocks (including Vedanta Ltd.). Total holding count increased from 38 to 59 stocks.