EquityFocused FundDirectGrowthVery High

Union Focused Fund

Q: What is the NAV of Union Focused Fund?

As of 05 Oct 2026, the NAV of Union Focused Fund is ₹28.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Focused Fund delivered?

Union Focused Fund has returned +4.06% over 1 year, +10.49% per year over 3 years, +8.76% per year over 5 years and +15.64% 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 Focused Fund?

Union Focused Fund charges an expense ratio of 1.55% 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 Focused Fund?

Union Focused Fund's largest holdings are ICICI Bank Ltd. (9.0%), Solar Industries India Ltd. (5.2%), Gabriel India Ltd. (4.8%), Navin Fluorine International Ltd. (4.3%) and Tata Consumer Products Ltd. (4.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Focused Fund?

Union Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.0% and its worst peak-to-trough fall in our sample was -34.0%. 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 0.27 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Focused Fund's 0.27 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Union Focused Fund?

Union Focused 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 Focused Fund?

Union Focused Fund is managed by Pratik Dharmshi and Vinod Malviya at Union.

Q: How is Union Focused Fund taxed?

Union Focused 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 Focused Mutual Funds

NAV

₹28.30

+0.35% 1D

as of 05 Oct 2026

This is the Direct plan of Union Focused Fund — bought from the fund house, with no distributor commission in 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

+3.02%absolute

52-week rangePrev NAV ₹28.20

Latest ₹28.30

Low ₹24.6364th percentile of its 52-week rangeHigh ₹30.32

Scorecard

★★☆☆☆2/5 vs 27 Focused 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 Focused Fund (same plan and option).

PerformanceAverage

3Y CAGR +10.49% · ranks 18 of 27 Focused Funds

RiskModerate

Volatility 15.0% vs 14.6% category avg

CostHigh

1.6% expense vs 1.1% 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

Ahead of the Focused Fund average on 3M/6M/1Y — 1Y by 3.24pp
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+10.49%) trails the Focused Fund average (+11.84%)
5-year return (+8.76%) trails the Focused Fund average (+10.46%)
Weaker risk-adjusted returns — Sharpe 0.27 below the Focused Fund average of 0.37
High expense ratio (1.55%) vs the Focused Fund average of 1.13%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.55%

Category 1.13%▲0.42%

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

32.12

Category 25.77▲6.35

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

0.27

Category 0.37▼0.10

Scheme Info

Definitions

Plan

Direct · 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.

13 Aug 2019

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.52%

Absolute return over the last 3 months (not annualized)

-2.35%

Absolute return over the last 6 months (not annualized)

+12.88%

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

+6.11%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.06%

3-year annualized return (CAGR)

+10.49%

5-year annualized return (CAGR)

+8.76%

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.

+15.64%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.05%

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

0.27

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

0.36

Largest peak-to-trough decline over full history

-33.96%

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

1.11%

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

0.87

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

86.0%

Excess return per unit of beta (market risk)

4.58

Active return over the benchmark per unit of tracking error

0.13

Annualized std dev of fund-minus-benchmark returns

5.92%

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

92.6%

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

84.4%

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 (Focused Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.52%	-4.65%	+0.13%
3M abs	-2.35%	-2.88%	+0.53%
6M abs	+12.88%	+10.54%	+2.34%
1Y CAGR	+4.06%	+0.82%	+3.24%
3Y CAGR	+10.49%	+11.84%	-1.35%
5Y CAGR	+8.76%	+10.46%	-1.70%

Category average across peers in Focused Fund (up to 27 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 27 peers in Focused Fund

1Y return

+4.06%

Beats 77.8% · rank #7

3Y return

+10.49%

Beats 34.6% · rank #18

5Y return

+8.76%

Beats 19% · rank #18

Sharpe

0.27

Beats 34.6% · rank #18

Sortino

0.36

Beats 34.6% · rank #18

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

₹7.59L

Absolute

+26.43%

XIRR

+9.61%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Union Focused 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	+6.11%	-7.18%	+13.29%
2025	-0.89%	+7.94%	-8.83%
2024	+17.51%	+16.43%	+1.08%
2023	+22.00%	+27.43%	-5.43%
2022	+0.86%	+4.34%	-3.48%
2021	+35.44%	+31.59%	+3.85%
2020	+21.81%	+18.33%	+3.48%
2019part	+12.57%	—	—

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

1,758

Expense ratio

1.55%

AUM

₹421.41Cr

Portfolio turnover

38%

Exit load

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

P/E ratio

32.1

P/B ratio

7.4

Avg market cap

₹3,03,428Cr

P/E & P/B are portfolio-weighted harmonic means across 25 of 29 equity holdings (85% 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 · Focused Fund

Compare all


Union Focused FundThis fund Union · Direct · Growth	★★☆☆☆	+4.06%	+10.49%	+8.76%	32.12	1.55%	₹421.41Cr
Invesco India Focused Fund Invesco · Direct · Growth	★★★★☆	+3.79%	+20.09%	+14.30%	33.08	0.69%	₹5,225Cr
ITI Focused Fund ITI · Direct · Growth	★★★★☆	+4.61%	+16.35%	—	27.97	0.90%	₹567.11Cr
ICICI Prudential Focused Fund ICICI Prudential · Direct · Growth	★★★★☆	-1.82%	+16.07%	+13.83%	25.74	1.12%	—
Bandhan Focused Fund Bandhan · Direct · Growth	★★★☆☆	+1.97%	+15.07%	+11.62%	14.29	1.01%	₹2,036Cr
Motilal Oswal Focused Fund Motilal Oswal · Direct · Growth	★☆☆☆☆	+24.86%	+14.61%	+10.34%	43.18	1.60%	₹1,527Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap59.3%
Mid cap21.4%
Small cap19.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.77%
Cash & Equivalents1.17%
Debt0.06%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Union Largecap Fund Union · Large Cap Fund	54.2%	★☆☆☆☆	1.68%	+6.69%
Union Retirement Fund Union · Retirement Fund	47.7%	★★★★☆	1.36%	+11.93%
PGIM India Aggressive Hybrid Equity Fund PGIM India · Aggressive Hybrid Fund	40.6% of 76% equity	★★☆☆☆	1.08%	+8.52%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	40.5%	★★★☆☆	0.69%	+10.64%
Canara Robeco Focused Fund Canara Robeco · Focused Fund	39.6%	★★★★☆	0.81%	+11.54%
Union ELSS Tax Saver Fund Fund Union · ELSS	38.7%	★☆☆☆☆	1.71%	+9.60%
Union Large & Midcap Fund Union · Large & Mid Cap Fund	38.1%	★★★☆☆	1.31%	+12.40%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	38.0%	★★★★☆	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.

-34.0%19 Feb 2020 → 23 Mar 2020
Fell over 33 days, back to the old high on 16 Sep 2020 — 6 months under water after the low.
-18.4%17 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 01 Dec 2022 — 5 months under water after the low.
-17.0%23 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 16 Sep 2025 — 7 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

₹421.41Cr

April - June 2026

+4%

since January - March 2026

+₹6.77Cr

est. net flow, last quarter

At or near its largest, ₹421.41Cr 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

PDPratik DharmshiManaging since 09 Dec 2024

Education

Chartered Accountant, B. Com

Experience

Industry experience: Over 14 years of experience in the field Union of Equity Research and Fund Management. Appointed as Fund Manager - Equity at Union Asset Management Company Private Limited with effect from December 06, 2024. March 2023 to December 2024 with UTI Pension Fund Limited as Equity Fund Manager. August 2022 to March 2023 with Safe Enterprises as Equity Analyst. April 2022 to August 2022 with Girik Capital as Equity Analyst. August 2017 to April 2019 with Edelweiss Asset Management Company Limited as Equity Analyst and from April 2019 to February 2022 with Edelweiss Asset Management Company Limited as Equity Fund Manager. December 2013 to August 2017 with JP Morgan Private Limited as Equity Analyst. January 2011 to December 2013 with Crisil Limited as Equity Analyst. April 2010 to August 2010 with Morgan Stanley Advantage Private Limited as Equity Analyst.

Funds managed (7)

All schemes Pratik Dharmshi runs →

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 →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Pratik Dharmshi Vinod Malviya

Top holdings

ICICI Bank Ltd.Solar Industries India Ltd.Gabriel India Ltd.Navin Fluorine International Ltd.Tata Consumer Products Ltd.Eternal Ltd.Torrent Pharmaceuticals Ltd.Multi Commodity Exchange of India Ltd.HDFC Bank Ltd.Hitachi Energy India Ltd.Bharat Electronics Ltd.Karur Vysya 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 Focused funds

Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.

Frequently asked questions

What is the NAV of Union Focused Fund?

As of 05 Oct 2026, the NAV of Union Focused Fund is ₹28.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Focused Fund delivered?

Union Focused Fund has returned +4.06% over 1 year, +10.49% per year over 3 years, +8.76% per year over 5 years and +15.64% 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 Focused Fund?

Union Focused Fund charges an expense ratio of 1.55% 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 Focused Fund?

Union Focused Fund's largest holdings are ICICI Bank Ltd. (9.0%), Solar Industries India Ltd. (5.2%), Gabriel India Ltd. (4.8%), Navin Fluorine International Ltd. (4.3%) and Tata Consumer Products Ltd. (4.2%). Holdings are disclosed monthly and change over time.

How risky is Union Focused Fund?

Union Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.0% and its worst peak-to-trough fall in our sample was -34.0%. 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 0.27 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Focused Fund's 0.27 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Union Focused Fund?

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

Who manages Union Focused Fund?

Union Focused Fund is managed by Pratik Dharmshi and Vinod Malviya at Union.

How is Union Focused Fund taxed?

Union Focused 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.