MonitorDirect · GrowthWatch before adding
Union Value Fund
Union Mutual FundEquity Scheme - Value Fund7.9 years
The scheme seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity related securities of companies which are undervalued (or are trading below their intrinsic value).
- NAV
- 29.11
- 29 Oct 2026
- 1Y
- -6.6%
- Trailing CAGR
- AUM
- ₹377.8 Cr
- 30 Sept 2026
- Volatility
- High
- 17.1% 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 DSP Value Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.9 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Watch
1.51% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -37.7%. Ask whether you can hold through a similar fall.
Vs category
Fail
25% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Gaurav Chopra · 2.0 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 ≈ 34.4% 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 38%. 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-6.6%
- 3Y+11.1%
- 5Y+10.9%
- 10Yn/a
- SI+14.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-7.0%
- 3Y+2.1%
- 5Y+9.7%
- 10Yn/a
- Since inception
- +14.4%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +25%
- Windows beating the median
- 3Y percentile
- 38
- Vs comparable share classes
- SIP 3Y XIRR
- +2.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +10.2%
- 1204 daily-ending windows
- Median rolling 3Y
- +19.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 711 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -37.7%
- Worst peak-to-trough
- Current
- -8.0%
- Below last peak
- Current spell
- 87 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 93 recovered episodes
- Longest recovery
- 227 days
- Trough to prior peak
17 Jan 2020 – 5 Nov 2020
Trough 23 Mar 2020 · recovered in 227 days
-37.7%
23 Sept 2024 – 10 Jul 2025
Trough 3 Mar 2025 · recovered in 129 days
-17.9%
18 Oct 2021 – 1 Nov 2022
Trough 20 Jun 2022 · recovered in 134 days
-17.9%
2 Jan 2026 – 3 Aug 2026
Trough 31 Mar 2026 · recovered in 125 days
-12.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
39
Vs category
49
Consistency
39
Risk-adjusted
52
Drawdown
6
Mean
37
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
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 72 holdings · top 10 are 34.4%.
- Top 5
- 21.4%
- Top 10
- 34.4%
- Largest holding
- 6.4%
- Effective holdings
- 46.6
ICICI Bank Ltd
Financial
6.4%
HDFC Bank Ltd
Financial
4.1%
Repo
Unspecified
3.9%
Reliance Industries Ltd
Energy & Utilities
3.8%
Axis Bank Ltd
Financial
3.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
DSP Value Fund
DSP Mutual Fund
- 1Y
- +0.3%
- 3Y
- +16.3%
- Vol
- 10.7%
- Max DD
- -16.5%
- Sharpe
- 0.98
- 3Y win
- +40%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
ICICI Prudential Mutual Fund
- 1Y
- -10.4%
- 3Y
- +11.6%
- Vol
- 14.2%
- Max DD
- -36.7%
- Sharpe
- 0.76
- 3Y win
- +72%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ITI Value Fund
ITI Mutual Fund
- 1Y
- -6.4%
- 3Y
- +11.3%
- Vol
- 15.8%
- Max DD
- -22.7%
- Sharpe
- 0.38
- 3Y win
- +69%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
LIC MF Value Fund
LIC Mutual Fund
- 1Y
- +11.5%
- 3Y
- +16.6%
- Vol
- 16.9%
- Max DD
- -25.2%
- Sharpe
- 0.59
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
HDFC Value Fund
HDFC Mutual Fund
- 1Y
- -1.3%
- 3Y
- +15.4%
- Vol
- 15.8%
- Max DD
- -43.9%
- Sharpe
- 0.64
- 3Y win
- +47%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown