Union Innovation & Opportunities Fund Direct-Growth
Equity: Thematic-Innovation - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Equity: Thematic-InnovationBenchmark: NIFTY 500 Total Return IndexCheck Portfolio Overlap →
NAV: ₹15.29-1.92%
23 Oct 2026
Similar Funds
Side-by-side comparison of Union Innovation & Opportunities Fund Direct-Growth with similar funds — trailing returns, risk metrics, AUM and expense ratio.
| Period | This Fund | Category Avg | Category Rank |
|---|---|---|---|
| 1Y Return | +0.46% | -1.12% | 5 / 10 |
| 3Y Return | +16.69% | 15.23% | 2 / 4 |
| 5Y Return | — | 10.43% | — |
Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.
Funds in Equity: Thematic-Innovation
Top funds by AUM in the Equity: Thematic-Innovation category — see how Union Innovation & Opportunities Fund Direct-Growth compares on size and returns.
Funds Tracking NIFTY 500 Total Return Index
Top funds tracking the NIFTY 500 Total Return Index — sorted by AUM to show the largest options available.
Frequently Asked Questions
Which funds are similar to Union Innovation & Opportunities Fund Direct-Growth?
Funds similar to Union Innovation & Opportunities Fund Direct-Growth in the Equity: Thematic-Innovation category include ICICI Prudential Innovation Fund Direct-Growth, SBI Innovative Opportunities Fund Direct-Growth, and Kotak Pioneer Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of Union Innovation & Opportunities Fund Direct-Growth in its category?
On a 3-year return basis Union Innovation & Opportunities Fund Direct-Growth is ranked 2 out of 4 funds in the Equity: Thematic-Innovation category as of 22 Oct 2026. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does Union Innovation & Opportunities Fund Direct-Growth's expense ratio compare to similar funds?
Union Innovation & Opportunities Fund Direct-Growth has an expense ratio of 0.99%. The peers ICICI Prudential Innovation Fund Direct-Growth has an expense ratio of 1.24% and SBI Innovative Opportunities Fund Direct-Growth has 1.04%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does Union Innovation & Opportunities Fund Direct-Growth's AUM compare to similar funds?
Union Innovation & Opportunities Fund Direct-Growth has an AUM of ₹1,306.52 crore. The peers ICICI Prudential Innovation Fund Direct-Growth has an AUM of ₹7,549.12 crore and SBI Innovative Opportunities Fund Direct-Growth has ₹5,124.95 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Equity: Thematic-Innovation?
The top performing fund in the Equity: Thematic-Innovation category on a 3-year basis is Kotak Pioneer Fund Direct-Growth with a CAGR of 18.30% as of 22 Oct 2026. Union Innovation & Opportunities Fund Direct-Growth has delivered 16.69% CAGR over the same period, ranking 2 out of 4 funds. You can view and compare the full category ranking on sharpely.
How does Union Innovation & Opportunities Fund Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, Union Innovation & Opportunities Fund Direct-Growth has a Sharpe ratio of 0.71 compared to the Equity: Thematic-Innovation average of 0.74 as of 22 Oct 2026. It ranks 4 out of 5 funds in its category on Sharpe ratio.