Union Value Fund Direct Growth NAV today
AMFI: 145473ISIN: INF582M01EK4MUTF_IN: UNIO_VALU_FUND_1IL9U76Union Mutual FundValue funds
Formerly Union Value Discovery Fund
NAV ₹28.9600down ₹0.15 (0.52%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹26.8700, −0.52% · Regular IDCW ₹26.8700 · Direct IDCW ₹28.9600
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹378 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.51%25 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- 1%if sold within 15 days
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 24.730 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 7130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 5 Dec 2018
Union Value Fund returns
Direct Growth plan
Over each window to 30 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | +1.51% | +1.47% | – | – | – | – |
| 1 month | −2.10% | −2.18% | – | 14 of 24 | −1.85% | −3.4% to −0.8% |
| 3 months | −6.46% | −6.73% | – | 16 of 22 | −6.06% | −6.6% to −5.3% |
| 6 months | −3.53% | −4.10% | – | 11 of 22 | −3.61% | −5.0% to −1.7% |
| 1 year | −6.91% | −7.98% | −2.33%to 30 Sep 2026 | 11 of 22 | −6.97% | −9.5% to −0.8% |
| 3 years | +10.88% | +9.61% | +9.19%to 30 Sep 2026 | 13 of 21 | +11.44% | +9.9% to +14.1% |
| 5 years | +10.74% | +9.58% | +8.90%to 30 Sep 2026 | 14 of 19 | +11.60% | +10.5% to +12.3% |
| 10 years | Needs 10 years | – | – | – | +13.17% | +11.3% to +14.1% |
₹10,000 put in on 12 Dec 2018 is ₹28,673 at the NAV of 30 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: BSE 500 TRI, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Value funds, each fund's return to its latest NAV on or before 1 Nov 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | −0.14% | −2.33% |
| 3 years | +11.16% | +9.19% |
| 5 years | +11.58% | +8.90% |
| Since launch | +14.87% | +13.28% |
Benchmark: BSE 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2023, +34.6%; lowest year to Dec 2019, +5.6%
Union Value Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 30 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,14,433₹1,14,427 after stamp duty | −8.54% | −8.55% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,68,411₹3,68,393 after stamp duty | +1.51% | +1.51% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,56,492₹7,56,455 after stamp duty | +9.21% | +9.21% | ₹30 | |
| Since Dec 201894 instalments | ₹9,40,000 | ₹16,37,655₹16,37,600 after stamp duty | +13.83% | +13.83% | ₹38 |
10 years: Launched 5 Dec 2018, needs 10 years of history.
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 12 Dec 2018 to 30 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year1,700 windows−33.8%+18.6%+101.3%89.9%
3 years1,205 windows+10.2%+20.1%+35.3%100.0%
5 years712 windows+10.0%+20.2%+31.1%100.0%
10 yearsLaunched 5 Dec 2018, needs 11 years of history
Every 3 and 5-year window ended higher than it started.
Union Value Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 1.05 ptsA year, on 25 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.51%Over the last 30 days filed
- Regular, 30-day average
- 2.69%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 2.23%, Mar 2020.Direct plan lowest 1.05%, Mar 2025.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 1.08% | 2.10% |
| Brokerage | 0.07% | 0.07% |
| Transaction costs | None | None |
| Statutory levies | 0.36% | 0.39% |
Per cent of assets a year, filed for 25 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- SIP instalments, at least
- 6 instalments for all frequencies
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP dates
- Daily (only business days) for Daily frequency, any date of the month for weekly, fortnightly and monthly frequency
As listed for this plan on 31 Oct 2026.
How Union Value Fund is taxed
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
Union Value Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹394 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 1.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2018.
Assets at each month end
Highest ₹399 Cr, Aug 2026.Lowest ₹92 Cr, Mar 2020.
Union Value Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|---|
| ICICI BankBanks | Shares | Large cap5th | 6.44% | 24.34 | 1,84,150 | Aug 2021or earlier |
| HDFC BankBanks | Shares | Large cap2nd | 4.12% | 15.58 | 2,19,800 | Aug 2021or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 3.75% | 14.17 | 1,19,400 | Aug 2021or earlier |
| Axis BankBanks | Shares | Large cap15th | 3.21% | 12.13 | 98,954 | Feb 2022 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.98% | 11.25 | 64,032 | Aug 2021or earlier |
| State Bank of IndiaBanks | Shares | Large cap4th | 2.93% | 11.08 | 1,15,500 | Aug 2021or earlier |
| Shriram FinanceFinance | Shares | Large cap42nd | 2.73% | 10.32 | 1,05,000 | Oct 2023 |
| NTPCPower | Shares | Large cap20th | 2.21% | 8.36 | 2,59,000 | Aug 2021or earlier |
| Tech MahindraIT - Software | Shares | Large cap59th | 2.19% | 8.26 | 54,200 | Sep 2023 |
| Larsen & ToubroConstruction | Shares | Large cap8th | 2.16% | 8.16 | 21,700 | Aug 2021or earlier |
| Gabriel IndiaAuto Components | Shares | Small cap446th | 2.02% | 7.62 | 56,809 | Sep 2023 |
| Maruti Suzuki IndiaAutomobiles | Shares | Large cap12th | 2.00% | 7.54 | 6,300 | Mar 2024 |
| Jindal SteelFerrous Metals | Shares | Large cap87th | 1.92% | 7.25 | 63,886 | Mar 2024 |
| Nippon Life India Asset ManagementCapital Markets | Shares | Mid cap172nd | 1.67% | 6.31 | 59,000 | Jun 2025 |
| The Phoenix MillsRealty | Shares | Mid cap169th | 1.66% | 6.27 | 32,394 | Aug 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| TREPS | 3.85% | 14.56 |
| Net Receivable / Payable | −0.27% | −1.07 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 6.44%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 20.50%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 32.72%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 46.6Taken over 96.42% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares96.34%
- Bonds and bills0.08%
- Cash and receivables3.58%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap57.64%Category 56.71%
- Mid cap15.17%Category 15.96%
- Small cap26.42%Category 26.14%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.75% of the fund. Category is the average of 24 Value funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary18sectors
- Financial Services29.15%Category 30.44%
- Capital Goods8.05%Category 7.07%
- Healthcare7.70%Category 6.88%
- Information Technology7.63%Category 5.78%
- Automobile And Auto Components6.60%Category 7.71%
- Construction5.58%Category 2.46%
- Metals & Mining4.55%Category 2.98%
- Oil Gas & Consumable Fuels4.54%Category 5.61%
- Consumer Services3.91%Category 2.48%
- Fast Moving Consumer Goods3.64%Category 3.98%
- Power3.08%Category 3.88%
- Telecommunication2.98%Category 3.10%
- Consumer Durables2.56%Category 1.63%
- Realty1.93%Category 1.26%
- Services1.78%Category 1.72%
- Chemicals1.30%Category 1.22%
- Textiles0.71%Category 0.79%
- Construction Materials0.65%Category 1.51%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Value funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Value funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services13 companies | 29.15% | 29.30% | 29.77% | 30.38% | 29.34% | 30.16% | 32.07% | 35.11% | 35.12% | 32.71% | 32.54% | 31.85% | |
| Capital Goods7 companies | 8.05% | 7.73% | 8.20% | 10.44% | 9.50% | 9.88% | 9.54% | 8.44% | 7.45% | 7.38% | 7.81% | 6.62% | |
| Healthcare7 companies | 7.70% | 7.36% | 7.90% | 5.98% | 6.70% | 6.41% | 6.89% | 4.97% | 4.38% | 4.67% | 4.82% | 5.35% | |
| Information Technology7 companies | 7.63% | 7.22% | 7.11% | 5.05% | 5.22% | 5.38% | 6.30% | 6.02% | 8.69% | 8.55% | 7.26% | 7.09% | |
| Automobile And Auto Components5 companies | 6.60% | 7.18% | 7.68% | 8.62% | 10.47% | 10.25% | 9.75% | 10.39% | 9.15% | 8.96% | 9.00% | 9.74% | |
| Construction4 companies | 5.58% | 5.28% | 5.20% | 5.49% | 4.91% | 3.19% | 2.26% | 3.54% | 3.42% | 3.65% | 3.62% | 4.66% | |
| Metals & Mining4 companies | 4.55% | 4.36% | 4.17% | 3.36% | 4.30% | 4.36% | 4.73% | 4.70% | 4.91% | 4.18% | 3.81% | 4.10% | |
| Oil Gas & Consumable Fuels2 companies | 4.54% | 4.60% | 4.79% | 4.77% | 6.08% | 5.36% | 6.31% | 6.19% | 6.43% | 6.93% | 6.86% | 6.39% | |
| Consumer Services3 companies | 3.91% | 4.13% | 4.46% | 3.71% | 3.65% | 3.34% | 2.74% | 2.66% | 3.27% | 3.27% | 3.29% | 3.26% | |
| Fast Moving Consumer Goods4 companies | 3.64% | 3.56% | 3.59% | 3.58% | 3.54% | 3.67% | 3.13% | 2.78% | 2.92% | 4.15% | 4.14% | 4.67% | |
| Power2 companies | 3.08% | 3.72% | 3.99% | 4.11% | 4.64% | 4.66% | 3.51% | 2.69% | 2.56% | 2.35% | 2.33% | 2.46% | |
| Telecommunication1 company | 2.98% | 2.91% | 3.19% | 3.80% | 3.95% | 4.29% | 4.48% | 4.35% | 4.79% | 5.37% | 5.33% | 3.45% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 74.68% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 21.59% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 5
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 11
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 48
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 1.59%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 7.68%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Coforge | Sold out | – | 1.12% | −1.12 pts | −22,500 |
| Adani Ports and Special Economic Zone | New | 0.86% | 0.00% | +0.86 pts | +18,000 |
| LTM | New | 0.80% | 0.00% | +0.80 pts | +7,500 |
| HDFC Life Insurance Company | New | 0.79% | 0.00% | +0.79 pts | +57,500 |
| National Stock Exchange of India | New | 0.75% | 0.00% | +0.75 pts | +15,976 |
| Inventurus Knowledge Solutions | New | 0.74% | 0.00% | +0.74 pts | +16,000 |
| NTPC | Trimmed | 2.21% | 2.95% | −0.74 pts | −1,00,000 |
| Zydus Lifesciences | New | 0.69% | 0.00% | +0.69 pts | +22,500 |
| InterGlobe Aviation | Trimmed | 0.92% | 1.57% | −0.65 pts | −5,000 |
| Hindustan Aeronautics | Added | 0.99% | 0.48% | +0.51 pts | +4,000 |
| Cipla | Trimmed | 0.77% | 1.25% | −0.48 pts | −14,000 |
| Fusion Finance | Sold out | – | 0.47% | −0.47 pts | −94,371 |
| Maruti Suzuki India | Trimmed | 2.00% | 2.44% | −0.44 pts | −900 |
| Prestige Estates Projects | Trimmed | 0.27% | 0.70% | −0.43 pts | −10,000 |
| Max Financial Services | Trimmed | 1.11% | 1.48% | −0.37 pts | −7,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ICICI Bank | 3.05% | 3.08% | 2.97% | 4.17%Added | 4.15% | 3.65%Cut | 3.56%Added | 3.52% | 5.09%Added | 6.68%Added | 6.71% | 6.44% |
 HDFC Bank | 7.20% | 7.20% | 7.06% | 6.10%Cut | 5.70% | 4.80%Cut | 4.57% | 4.39% | 4.99%Added | 4.76%Added | 3.91%Cut | 4.12% |
 Reliance Industries | 4.60%Added | 5.17%Added | 5.17% | 4.64% | 4.53% | 5.02%Added | 4.35%Cut | 4.21%Added | 3.92% | 3.95% | 3.82% | 3.75% |
 Axis Bank | 1.85% | 1.88% | 1.52%Cut | 1.66% | 1.64% | 1.53% | 2.18%Added | 2.21% | 2.86%Added | 2.60% | 3.06%Added | 3.21%Added |
 Bharti Airtel | 2.63% | 3.78%Added | 3.78% | 3.25%Cut | 2.81%Cut | 2.96% | 2.83% | 3.12%Added | 3.01% | 3.19% | 2.91% | 2.98% |
 State Bank of India | 2.57% | 3.22%Added | 3.22% | 3.56% | 4.21%Added | 3.82% | 3.77% | 2.97%Cut | 3.01% | 3.00% | 3.07% | 2.93% |
 Shriram Finance | 2.23%Added | 2.49% | 3.22%Added | 3.33% | 3.45% | 3.10% | 3.01% | 3.03% | 2.78%Cut | 2.78% | 2.92% | 2.73% |
 NTPC | 2.46%Cut | 2.33% | 2.35% | 2.56% | 2.69% | 3.51%Added | 3.84%Added | 3.71% | 3.25% | 3.15% | 2.95% | 2.21%Cut |
 Tech Mahindra | 0.52%Cut | 0.54% | 0.57% | 0.63% | 0.48% | 0.54% | 0.52% | 0.52% | 0.47% | 1.97%Added | 1.93% | 2.19%Added |
 Larsen & Toubro | 3.19% | 3.16% | 3.16% | 2.97%Cut | 3.16% | 2.26%Cut | 2.33% | 2.36% | 2.28% | 2.16% | 2.20% | 2.16% |
 Gabriel India | 3.06% | 2.42% | 2.37% | 2.21% | 2.31% | 2.13% | 2.39% | 2.55% | 2.45%Cut | 2.07%Cut | 2.05% | 2.02% |
 Maruti Suzuki India | 2.82% | 2.72% | 2.85% | 2.51% | 2.50% | 2.31% | 2.37%Added | 2.92%Added | 2.99% | 3.01% | 2.44%Cut | 2.00%Cut |
 Jindal Steel | 1.45% | 1.39% | 1.40% | 1.52% | 1.63% | 1.63% | 1.62% | 1.59% | 1.04%Cut | 1.08% | 1.83%Added | 1.92%Added |
 Nippon Life India Asset Management | 1.30% | 1.28% | 1.28% | 1.29% | 1.96%Added | 1.88% | 2.14% | 2.32% | 1.74%Cut | 1.73% | 1.73% | 1.67% |
 The Phoenix Mills | 1.07% | 1.53%Added | 1.62% | 1.47%Cut | 1.43% | 1.44% | 1.53%Added | 1.53% | 1.60% | 1.55% | 1.54% | 1.66% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 155.0% in Jun 2024
Risk ratios
NAV to 30 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Value funds (21 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary14.91%
11.48%Lowest15.96%Average21.81%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary9.47%
6.30%Lowest9.89%Average12.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.39
0.05Lowest0.42Average0.81Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.57
0.07Lowest0.64Average1.32Highest
Against BSE 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary0.92
0.65Lowest0.97Average1.20Highest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary93.5
74.6Lowest91.3Average97.5Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.97
0.86Lowest0.95Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary101.8%
81.6%Lowest104.7%Average139.1%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossary85.4%
46.5%Lowest90.8%Average107.8%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house. Information ratio in the glossaryTo 30 Sep 20260.52
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year | −12.85% | 2 Jan 2026 | 31 Mar 2026 | 3 Aug 2026 |
| 3 and 5 years | −17.87% | 23 Sep 2024 | 3 Mar 2025 | 10 Jul 2025 |
| Since Dec 2018 | −37.68% | 17 Jan 2020 | 23 Mar 2020 | 5 Nov 2020 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighBSE 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Union Value Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Vinod MalviyaCo-manage | Nov 2024 | −0.89%a year | – | – | 20.8% | 20.5% | 11 | ₹7,506 Cr₹465 Cr alone |
| Gaurav ChopraCo-manage | Nov 2024 | −0.89%a year | – | – | 20.8% | 20.5% | 9 | ₹8,421 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Union Flexi Cap FundVinod Malviya | Nov 2024 | +1.00%a year | – | – | ₹2,320 Cr |
| Union Multi Asset Allocation FundVinod Malviya | Nov 2024 | +9.08%a year | – | – | ₹989 Cr |
| Union Large & Midcap FundVinod Malviya | May 2024 | +5.32%a year | +2.99% | +2.33 pts | ₹969 Cr |
| Union ELSS Tax Saver FundVinod Malviya | Nov 2024 | −0.86%a year | – | – | ₹821 Cr |
| Union Aggressive Hybrid FundVinod Malviya | Nov 2024 | +2.39%a year | – | – | ₹727 Cr |
| Union Small Cap FundGaurav Chopra | Nov 2024 | +6.01%a year | – | – | ₹2,732 Cr |
| Union Midcap FundGaurav Chopra | Jan 2023 | +18.12%a year | – | – | ₹1,906 Cr |
| Union Innovation & Opportunities FundGaurav Chopra | Nov 2024 | +4.77%a year | −1.13% | +5.90 pts | ₹1,307 Cr |
| Union Balanced Advantage FundGaurav Chopra | Nov 2024 | +1.48%a year | – | – | ₹1,158 Cr |
| Union Active Momentum FundGaurav Chopra | Dec 2024 | −2.52%a year | −0.99% | −1.53 pts | ₹543 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Canara Robeco Value FundCanara Robeco Mutual Fund | 43.15% | 23 |
| UTI Value FundUTI Mutual Fund | 43.05% | 26 |
| HDFC Value FundHDFC Mutual Fund | 42.35% | 26 |
| Axis Value FundAxis Mutual Fund | 41.20% | 30 |
| Aditya Birla Sun Life Value FundAditya Birla Sun Life Mutual Fund | 37.62% | 26 |
| Sundaram Value FundSundaram Mutual Fund | 37.00% | 19 |
| HSBC Value FundHSBC Mutual Fund | 36.86% | 25 |
| ICICI Prudential Value FundICICI Prudential Mutual Fund | 36.76% | 23 |
| Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual Fund | 34.68% | 22 |
| Nippon India Value FundNippon India Mutual Fund | 34.34% | 20 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Union ELSS Tax Saver FundUnion Mutual Fund | 54.25% |
| Union Flexi Cap FundUnion Mutual Fund | 43.44% |
| Union Largecap FundUnion Mutual Fund | 43.41% |
| Union Large & Midcap FundUnion Mutual Fund | 41.65% |
| Union Business Cycle FundUnion Mutual Fund | 39.27% |
| Union Multicap FundUnion Mutual Fund | 33.86% |
| Union Focused FundUnion Mutual Fund | 30.86% |
| Union Midcap FundUnion Mutual Fund | 25.84% |
| Union Consumption FundUnion Mutual Fund | 17.03% |
| Union Innovation & Opportunities FundUnion Mutual Fund | 13.56% |
As the fund house states it, for Sep 2026.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to seek to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related securities of companies which are undervalued (or are trading below their intrinsic value). However, there can be no assurance that the investment objective of the scheme will be achieved.
Asset allocation
- Equity and Equity related instruments - 80%- 100% of net assets, Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI - 0%-20% of net assets, Units issued by InvITs - 0% to 10% of net assets. Please refer the Scheme Information Document for complete details.
Type of scheme
An Open-ended equity scheme following a value investment strategy.
- Benchmark
- BSE 500 Index (TRI)
- Risk level at launch
- Very High Risk
- New fund offer
- 14 Nov 2018 to 28 Nov 2018
- Units first allotted
- 5 Dec 2018
- Open for sale again
- 12 Dec 2018
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 145473 | INF582M01EK4 | UNIO_VALU_FUND_1IL9U76 | 12 Dec 2018 | |
| Regular Growth | 145471 | INF582M01EO6 | UNIO_VALU_FUND_1BZPQ9M | 12 Dec 2018 | |
| Direct IDCW | 145474 | INF582M01EM0 | INF582M01EL2 | UNIO_VALU_FUND_GSXM78 | 12 Dec 2018 |
| Regular IDCW | 145472 | INF582M01EQ1 | INF582M01EP3 | UNIO_VALU_FUND_FT585W | 12 Dec 2018 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- September 2026Union Mutual Fund, Sep 2026
Statement of additional information
- SAI Union Mutual FundUnion Mutual Fund, Oct 2026
Annual report
- Debt including Fixed Maturity Plan (FMP) Abridged Report - Annual Report - FY 2025-26Union Mutual Fund, Mar 2026
- Annual Report - FY 2025-26Union Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure Of Risk-O-Meter Levels FY 2025-26Union Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - 30Sep2026Union Mutual Fund, Sep 2026