EquityValue FundRegularGrowthVery High

Union Value Fund

Q: What is the NAV of Union Value Fund?

As of 05 Oct 2026, the NAV of Union Value Fund is ₹27.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Value Fund delivered?

Union Value Fund has returned -3.11% over 1 year, +9.79% per year over 3 years, +9.87% per year over 5 years and +13.57% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Union Value Fund?

Union Value Fund charges an expense ratio of 2.71% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Value Fund?

Union Value Fund's largest holdings are ICICI Bank Ltd. (6.7%), HDFC Bank Ltd. (3.9%), Reliance Industries Ltd. (3.8%), State Bank of India (3.1%) and Axis Bank Ltd. (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Value Fund?

Union Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.8% and its worst peak-to-trough fall in our sample was -37.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.22 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Value Fund's 0.22 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Union Value Fund?

Union Value Fund is benchmarked against the BSE 500 Index (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Union Value Fund?

Union Value Fund is managed by Vinod Malviya and Gaurav Chopra at Union.

Q: How is Union Value Fund taxed?

Union Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Union Mutual Fund · Best Value Mutual Funds

NAV

₹27.30

+0.40% 1D

as of 05 Oct 2026

This is the Regular plan of Union Value Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-3.57%absolute

52-week rangePrev NAV ₹27.19

Latest ₹27.30

Low ₹25.6642nd percentile of its 52-week rangeHigh ₹29.52

Scorecard

★★★☆☆3/5 vs 21 of 23 Value Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Value Fund (same plan and option). 21 of the 23 Value Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +9.79% · ranks 14 of 21 Value Funds

RiskModerate

Volatility 14.8% vs 14.3% category avg

CostHigh

2.7% expense vs 2.4% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Value Fund average on 3M/6M/1Y — 1Y by 1.90pp
3-year return (+9.79%) trails the Value Fund average (+11.02%)
5-year return (+9.87%) trails the Value Fund average (+10.47%)
Weaker risk-adjusted returns — Sharpe 0.22 below the Value Fund average of 0.30
High expense ratio (2.71%) vs the Value Fund average of 2.39%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.71%

Category 2.39%▲0.32%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

23.55

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.22

Category 0.30▼0.08

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

BSE 500 Index (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

12 Dec 2018

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.04%

Absolute return over the last 3 months (not annualized)

-5.96%

Absolute return over the last 6 months (not annualized)

+4.24%

Absolute return since 1 Jan of this year (not annualized)

-6.25%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-3.11%

3-year annualized return (CAGR)

+9.79%

5-year annualized return (CAGR)

+9.87%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.57%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.80%

Excess return per unit of total volatility (rf = 6.5%)

0.22

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.30

Largest peak-to-trough decline over full history

-37.73%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

0.43%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.91

How much of the fund's movement Nifty 500 TRI explains

93.6%

Excess return per unit of beta (market risk)

3.75

Active return over the benchmark per unit of tracking error

0.05

Annualized std dev of fund-minus-benchmark returns

4.00%

Fund's share of benchmark gains in up months (100 = matches index)

94.4%

Fund's share of benchmark losses in down months (lower is better)

90.2%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.04%	-4.61%	-0.43%
3M abs	-5.96%	-4.28%	-1.68%
6M abs	+4.24%	+6.77%	-2.53%
1Y CAGR	-3.11%	-1.21%	-1.90%
3Y CAGR	+9.79%	+11.02%	-1.23%
5Y CAGR	+9.87%	+10.47%	-0.60%

Category average across peers in Value Fund (up to 23 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 23 peers in Value Fund

1Y return

-3.11%

Beats 42.9% · rank #13

3Y return

+9.79%

Beats 35% · rank #14

5Y return

+9.87%

Beats 31.3% · rank #12

Sharpe

0.22

Beats 35% · rank #13

Sortino

0.30

Beats 40% · rank #13

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.43L

Absolute

+23.91%

XIRR

+8.78%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Union Value Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-6.25%	-7.18%	+0.93%
2025	+6.67%	+7.94%	-1.27%
2024	+16.67%	+16.43%	+0.24%
2023	+33.26%	+27.43%	+5.83%
2022	+4.90%	+4.34%	+0.56%
2021	+32.44%	+31.59%	+0.85%
2020	+17.47%	+18.33%	-0.86%
2019	+4.57%	+8.95%	-4.38%
2018part	+1.88%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,924

Expense ratio

2.71%

AUM

₹374.67Cr

Portfolio turnover

58%

Exit load

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

23.6

P/B ratio

4.2

Avg market cap

₹3,56,682Cr

P/E & P/B are portfolio-weighted harmonic means across 56 of 65 equity holdings (86% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Value Fund

Compare all


Union Value FundThis fund Union · Regular · Growth	★★★☆☆	-3.11%	+9.79%	+9.87%	—	2.71%	₹374.67Cr
Quant Value Fund quant · Regular · Growth	★★★★☆	+10.34%	+18.08%	—	—	2.44%	₹1,784Cr
LIC MF Value Fund LIC · Regular · Growth	★★★☆☆	+17.49%	+15.91%	—	—	3.22%	₹212.81Cr
Axis Value Fund Axis · Regular · Growth	★★★★★	+3.64%	+15.56%	+13.59%	—	2.27%	₹1,552Cr
DSP Value Fund DSP · Regular · Growth	★★★★★	+2.62%	+14.46%	+11.39%	—	2.41%	₹1,772Cr
HDFC Value Fund HDFC · Regular · Growth	★★★★☆	+3.02%	+14.12%	+11.90%	—	1.88%	₹7,330Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap57.5%
Mid cap18.1%
Small cap24.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.49%
Cash & Equivalents3.48%
Debt0.03%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Union ELSS Tax Saver Fund Fund Union · ELSS	55.6%	★☆☆☆☆	1.71%	+9.60%
Union Multi Asset Allocation Fund Union · Multi Asset Allocation	49.9% of 68% equity	★★★☆☆	1.29%	—
Union Children's Fund Union · Children’s Fund	49.9%	★★☆☆☆	1.45%	—
Union Balanced Advantage Fund Union · Dynamic Asset Allocation or Balanced Advantage	49.2% of 74% equity	★★★☆☆	1.46%	+7.80%
Kotak Large Cap Fund Kotak Mahindra · Large Cap Fund	46.6%	★★★★☆	0.76%	+9.26%
Canara Robeco Value Fund Canara Robeco · Value Fund	46.0%	★★★☆☆	0.86%	+9.92%
Union Aggressive Hybrid Fund Union · Aggressive Hybrid Fund	44.6% of 72% equity	★★★☆☆	1.59%	+9.97%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	44.1%	★★★★☆	0.63%	+9.16%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-37.7%17 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 06 Nov 2020 — 7 months under water after the low.
-18.3%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 25 Nov 2022 — 5 months under water after the low.
-18.3%23 Sep 2024 → 03 Mar 2025
Fell over 5 months, back to the old high on 29 Oct 2025 — 8 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹374.67Cr

April - June 2026

+3%

since January - March 2026

+₹24.70Cr

est. net flow, last quarter

At or near its largest, ₹374.67Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

VMVinod MalviyaManaging since 01 Nov 2024

Role

Co - Fund Manager

Education

Bachelor of Management Studies, M aster’s in Financial Management, CFA (USA) – Level III cleared

Experience

Over 16 years of experience in the Financial markets as an Analyst. Designated as Fund Manager - Equity with effect from December 09, 2024. Appointed as Co-Fund Manager with effect from January 25, 2023. February 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd. as Research Analyst - Equity. July 2014 to January 2020 with Florintree Advisors Private Limited as Union Children’s Principal. August 2012 to June 2014 with East India Securities Limited as Research Analyst. September 2008 to July 2012 with Amit Nalin Securities Private Limited as Research Analyst

Funds managed (11)

All schemes Vinod Malviya runs →

GCGaurav ChopraManaging since 01 Nov 2024

Role

Co - Fund Manager

Education

B.Com, Chartered Accountant and CFA (USA) – Level III Appointed cleared

Experience

Over 10 years of experience in the equity markets. Appointed as Co-Fund Manager with effect from January 25, 2023. June 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd as Research Analyst - Equity. November 2015 to May 2020 with Centrum Portfolio Union Management Services Centrum Broking Limited as Research Analyst. March 2015 to October 2015 with Barclays Wealth Trustees (India) Private Limited as Trust Analysts. September 2011 to September 2014 with Sharp & Tanan Associates as Audit Assurance Assistant.

Funds managed (8)

All schemes Gaurav Chopra runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Vinod Malviya Gaurav Chopra

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Reliance Industries Ltd.State Bank of India Axis Bank Ltd.NTPC Ltd.Shriram Finance Ltd.Bharti Airtel Ltd.Maruti Suzuki India Ltd.Larsen & Toubro Ltd.Gabriel India Ltd.Ujjivan Small Finance Bank Ltd.

Union in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Value funds

Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.

Frequently asked questions

What is the NAV of Union Value Fund?

As of 05 Oct 2026, the NAV of Union Value Fund is ₹27.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Value Fund delivered?

Union Value Fund has returned -3.11% over 1 year, +9.79% per year over 3 years, +9.87% per year over 5 years and +13.57% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Union Value Fund?

Union Value Fund charges an expense ratio of 2.71% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Union Value Fund?

Union Value Fund's largest holdings are ICICI Bank Ltd. (6.7%), HDFC Bank Ltd. (3.9%), Reliance Industries Ltd. (3.8%), State Bank of India (3.1%) and Axis Bank Ltd. (3.1%). Holdings are disclosed monthly and change over time.

How risky is Union Value Fund?

Union Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.8% and its worst peak-to-trough fall in our sample was -37.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.22 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Value Fund's 0.22 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Union Value Fund?

Union Value Fund is benchmarked against the BSE 500 Index (TRI). Its alpha and beta on this page are measured against that index.

Who manages Union Value Fund?

Union Value Fund is managed by Vinod Malviya and Gaurav Chopra at Union.

How is Union Value Fund taxed?

Union Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.