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Funds/Union Innovation & Opportunities Fund

Union Innovation & Opportunities Fund

Union Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

Union Innovation & Opportunities Fund maintains a growth-focused stance with concentrated bets on consumption and industrial transformation themes—retailing, auto components, and electrical equipment collectively represent over 30% of the portfolio. The manager's conviction appears selective; recent rebalancing toward Billionbrains Garage Ventures and short-term liquidity instruments suggests tactical positioning while trimming Swiggy, hinting at a more cautious outlook on certain high-growth stocks. With just 54 holdings and top-10 concentration near 35%, this is a conviction-driven strategy suited for investors comfortable with elevated single-stock risk.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M1Y3Y CAGR5Y CAGR
Direct Growth₹14.4400————
Regular Growth₹13.8900+2.74%+4.99%——
Direct IDCW₹14.4400————
Regular IDCW₹13.8900————
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
52
Top 5 Weight
19.55%
Top 10 Weight
34.85%
Max Position
4.65%
Conviction Bets
22
Gini
0.323
Large Cap
15.08%
Mid Cap
29.10%
Small Cap
51.82%
Top Sector
Retailing
Sector Count
24
HHI (bps)
24,104

vs Category Peers

Highly Differentiated
Active Share
87.21%
vs peer portfolio
Weight Overlap
9.82%
with avg peer
Cosine Similarity
0.225
portfolio angle
Peer Count
237
funds in category

Active Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.

Similar Funds in Category

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Canara Robeco Manufacturing Fund
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ICICI Prudential Innovation Fund
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What Changed2026-03-31 → 2026-04-30

Holdings: 55 → 54+1 added−2 removed36 weight shifts ≥ 0.1%
StockWeight
364 Day Treasury Bills0.04%

Full Holdings

#Holding% to NAV
1
Eternal Ltd.
INE758T01015
4.65%
2
Acutaas Chemicals Ltd.
INE00FF01025
4.07%
3
The Federal Bank Ltd.
INE171A01029
3.71%
4
One 97 Communications Ltd.
INE982J01020
3.57%
5
Info Edge (India) Ltd.
INE663F01032
3.55%
6
GE Vernova T&D India Ltd.
INE200A01026
3.31%
7
CG Power and Industrial Solutions Ltd.
INE067A01029
3.19%
8
JSW Energy Ltd.
INE121E01018
3.00%
9
Ather Energy Ltd.
INE0LEZ01016
2.90%
10
ZF Commercial Vehicle Control Systems India Ltd.
INE342J01019
2.90%
11
The Phoenix Mills Ltd.
INE211B01039
2.65%
12
TVS Motor Company Ltd.
INE494B01023
2.64%
13
Delhivery Ltd.
INE148O01028
2.63%
14
Amber Enterprises India Ltd.
INE371P01015
2.61%
15
Sai Life Sciences Ltd.
INE570L01029
2.58%
16
TREPS
2.58%
17
Bharat Electronics Ltd.
INE263A01024
2.55%
18
AFFLE 3I Ltd.
INE00WC01027
2.53%
19
Krishna Institute of Medical Sciences Ltd.
INE967H01025
2.40%
20
S.J.S. Enterprises Ltd.
INE284S01014
2.38%

Sector Allocation

Retailing13.4%
Auto Components9.0%
Pharmaceuticals & Biotechnology8.7%
Electrical Equipment8.0%
IT - Services6.5%
Automobiles5.5%
Financial Technology (Fintech)5.5%
Aerospace & Defense4.5%
Consumer Durables4.0%
Banks3.7%

Top 10 sectors by % to NAV. Excludes derivatives.

Frequently Asked Questions

How many stocks does Union Innovation & Opportunities Fund hold?

Union Innovation & Opportunities Fund holds 52 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.55% of NAV.

What is the largest holding in Union Innovation & Opportunities Fund?

The largest position in Union Innovation & Opportunities Fund is Eternal Ltd., accounting for 4.65% of NAV in the Retailing sector.

Is Union Innovation & Opportunities Fund a concentrated or diversified fund?

With a Gini coefficient of 0.323, Union Innovation & Opportunities Fund is well-diversified. The HHI concentration index is 24,104 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.55% of the portfolio.

What is the market cap allocation of Union Innovation & Opportunities Fund?

Based on SEBI's AMFI classification, Union Innovation & Opportunities Fund's equity portfolio is split as: Large Cap: 15.08%, Mid Cap: 29.10%, Small Cap: 51.82%. This reflects the fund's positioning within the market cap spectrum.

Which sectors does Union Innovation & Opportunities Fund invest in most?

Union Innovation & Opportunities Fund has the highest allocation to Retailing (13.38%), Auto Components (8.97%), Pharmaceuticals & Biotechnology (8.69%). The fund is invested across 24 sectors in total.

How actively managed is Union Innovation & Opportunities Fund compared to other Sectoral / Thematic funds?

Union Innovation & Opportunities Fund has an Active Share of 87.21%, 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 Innovation & Opportunities Fund's portfolio in the latest month?

Between 2026-03-31 and 2026-04-30, Union Innovation & Opportunities Fund added 1 new stock (including 364 Day Treasury Bills) and exited 2 stocks (including 91 Day Treasury Bills). Total holding count decreased from 55 to 54 stocks.