MonitorDirect · GrowthWatch before adding
Union Focused Fund
Union Mutual FundEquity Scheme - Focused Fund7.2 years
The scheme seek to seek to generate capital appreciation by investing in a portfolio of select equity and equity linked securities across market caps.
- NAV
- 28.50
- 29 Oct 2026
- 1Y
- +2.4%
- Trailing CAGR
- AUM
- ₹432.72 Cr
- 30 Sept 2026
- Volatility
- High
- 17.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Edelweiss Focused Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.2 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Watch
1.55% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -34.0%. Ask whether you can hold through a similar fall.
Vs category
Fail
16% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Pratik Dharmshi · 1.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 47.9% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 34%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.4%
- 3Y+11.6%
- 5Y+8.8%
- 10Yn/a
- SI+15.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.8%
- 3Y+6.6%
- 5Y+9.9%
- 10Yn/a
- Since inception
- +15.6%
- Calendar-day CAGR
- Excess 1Y
- +7.1%
- Category median, same plan and option
- 3Y win rate
- +16%
- Windows beating the median
- 3Y percentile
- 44
- Vs comparable share classes
- SIP 3Y XIRR
- +6.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +8.7%
- 1036 daily-ending windows
- Median rolling 3Y
- +15.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 548 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -34.0%
- Worst peak-to-trough
- Current
- -6.0%
- Below last peak
- Current spell
- 59 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 115 recovered episodes
- Longest recovery
- 200 days
- Trough to prior peak
19 Feb 2020 – 16 Sept 2020
Trough 23 Mar 2020 · recovered in 177 days
-34.0%
17 Jan 2022 – 1 Dec 2022
Trough 17 Jun 2022 · recovered in 167 days
-18.4%
23 Sept 2024 – 16 Sept 2025
Trough 28 Feb 2025 · recovered in 200 days
-17.0%
18 Sept 2025 – 6 May 2026
Trough 23 Mar 2026 · recovered in 44 days
-12.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
44
Vs category
94
Consistency
26
Risk-adjusted
55
Drawdown
15
Mean
47
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 32 holdings · top 10 are 47.9%.
- Top 5
- 27.7%
- Top 10
- 47.9%
- Largest holding
- 8.8%
- Effective holdings
- 25.2
ICICI Bank Ltd
Financial
8.8%
Solar Industries India Ltd
Materials
5.5%
Gabriel India Ltd
Consumer Discretionary
4.8%
Zomato Ltd
Technology
4.3%
Navin Fluorine International Ltd
Materials
4.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Focused Fund
Edelweiss Mutual Fund
- 1Y
- -7.8%
- 3Y
- +11.8%
- Vol
- 13.8%
- Max DD
- -17.1%
- Sharpe
- 0.51
- 3Y win
- +90%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ITI Focused Fund
ITI Mutual Fund
- 1Y
- -0.5%
- 3Y
- +16.1%
- Vol
- 15.6%
- Max DD
- -18.4%
- Sharpe
- 0.66
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
SBI FOCUSED FUND
SBI Mutual Fund
- 1Y
- +4.0%
- 3Y
- +15.2%
- Vol
- 13.6%
- Max DD
- -32.7%
- Sharpe
- 0.70
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Focused Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -3.2%
- 3Y
- +13.2%
- Vol
- 15.6%
- Max DD
- -36.7%
- Sharpe
- 0.56
- 3Y win
- +33%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Bandhan Focused Fund
Bandhan Mutual Fund
- 1Y
- -5.1%
- 3Y
- +14.9%
- Vol
- 16.3%
- Max DD
- -37.5%
- Sharpe
- 0.46
- 3Y win
- +46%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown