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Union Innovation & Opportunities Fund Direct-Growth

Equity: Thematic-Innovation - Growth (Open ended)

Union Innovation & Opportunities Fund Direct-GrowthNAV: 16.04 as on 16 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Equity: Thematic-InnovationBenchmark: NIFTY 500 Total Return Index

NAV: ₹16.04-0.43%

16 Jul 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	+11.62%	7.86%	3 / 8

Trailing annualised returns (%). Category rank: lower is better. Green = top third of category.

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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.

ICICI Prudential Innovation Fund Direct-Growth

SBI Innovative Opportunities Fund Direct-Growth

Kotak Pioneer Fund Direct-Growth

Nippon India Innovation Fund Direct-Growth

HDFC Innovation Fund Direct-Growth

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.

Parag Parikh Flexi Cap Fund Direct-Growth

HDFC Flexi Cap Direct Plan-Growth

ICICI Prudential Value Direct-Growth

Kotak Flexicap Fund Direct-Growth

ICICI Prudential India Opportunities Fund Direct-Growth

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?

The category rank of Union Innovation & Opportunities Fund Direct-Growth is shown in the Trailing Returns section above.

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 1.01%. The peers ICICI Prudential Innovation Fund Direct-Growth has an expense ratio of 1.22% and SBI Innovative Opportunities Fund Direct-Growth has 1.01%. 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 ₹1,209.66 crore. The peers ICICI Prudential Innovation Fund Direct-Growth has an AUM of ₹7,609.11 crore and SBI Innovative Opportunities Fund Direct-Growth has ₹5,152.16 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 ICICI Prudential Innovation Fund Direct-Growth with a CAGR of 20.97% as of 16 Jul 2026. Union Innovation & Opportunities Fund Direct-Growth has delivered - CAGR over the same period. 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?

The Sharpe ratio of Union Innovation & Opportunities Fund Direct-Growth is shown in the Alpha, Beta & Sharpe section on the Performance tab.