Union Value Fund
Value Fund · Union Asset Management Company Private Limited
Among the 96 similar value funds we track, this one has grown money a bit faster than average. ₹1 lakh invested 5 years ago would be about ₹1.8 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹8.1 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹62,320. Funds like this reward patience and punish panic-selling.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Union Value Fund is a value fund from Union Asset Management Company Private Limited. It has a track record of about 7.8 years. As of the latest data it carries an RS rating of 45/99 (its recent momentum versus category peers) and a King Score of 72/100 (a long-term quality composite). The current NAV is ₹29.88 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Union Value Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -4.93% | -3.74% |
| 3 months | -1.74% | -0.5% |
| 6 months | 2.61% | 5.51% |
| 1 year | -0.63% | 1.58% |
| 3 years (CAGR) | 10.78% | 12.0% |
| 5 years (CAGR) | 11.89% | 12.05% |
The last 5 years return is 11.89% a year (₹1 lakh → ₹1.8 lakh), and the last 3 years return is 10.78% - behind its category's 12.0% average by 1.2 points. Its trailing one-year return is -0.63%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Union Value Fund | Benchmark |
|---|---|---|
| 2019 | +5.6% | +7.7% |
| 2020 | +18.3% | +16.7% |
| 2021 | +33.2% | +30.2% |
| 2022 | +5.9% | +3.0% |
| 2023 | +34.6% | +25.8% |
| 2024 | +17.9% | +15.2% |
| 2025 | +8.0% | +6.7% |
| 2026 | -3.9% | -5.8% |
Union Value Fund beat its benchmark in 7 of the last 8 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Union Value Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹397,895 | 4.78% |
| 5 years | ₹610,000 | ₹806,041 | 11.08% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹806,041 - an XIRR of 11.08%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -37.68% | -33.95% |
| Worst drawdown (3Y) | -17.87% | -18.61% |
| Volatility (1Y) | 18.13% | 17.05% |
| Sharpe (3Y) | 0.28 | 0.36 |
| Sortino (3Y) | 0.52 | 0.64 |
| Beta (3Y) | 0.98 | 0.97 |
| Alpha (3Y) | 2.46% | 3.7% |
| Up capture | 99.2% | 100.86% |
| Down capture | 92.4% | 91.24% |
| Bull-market return | 32.8% | 31.15% |
| Bear-market return | -30.7% | -30.05% |
Timing matters more than people admit: the best possible 1-year stretch in Union Value Fund (starting 2020-03-23) gained 101.3%, while the worst (starting 2019-03-22) lost 33.9%. The worst peak-to-bottom fall Union Value Fund has ever put investors through is -37.68% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -30.7% annualised, versus 32.8% in rising markets. It has captured roughly 99.2% of its benchmark's up-moves and 92.4% of its down-moves.
How Union Value Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Union Value Fund has historically returned about -30.7% annualised, versus roughly 32.8% when the market is rising. Its deepest fall on record is -37.68%. Right now it sits about 5.47% below its all-time high (last hit 2026-08-06). The real question isn't the average year - it's whether you could hold on through the worst one.
How Union Value Fund ranks in its category
Percentile versus its ~96 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 19.97% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 12.33% |
| 3Y windows beating Nifty 500 | 100.0% |
| Median 5Y rolling CAGR | 21.22% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Union Value Fund returned a median of 19.97% a year, and 100.0% of those windows were positive.
What Union Value Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 32.8% of the portfolio, across 68 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
Union Value Fund shares HSBC Value Fund (4%), Axis Value Fund (3%), DSP Value Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages Union Value Fund - and how good are they?
Union Value Fund is managed by Vinod Malviya and Gaurav Chopra. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Vinod Malviya's full record
Vinod Malviya currently runs 8 funds, across ELSS, Flexi Cap Fund, FoF Domestic, Focused Fund and more, with about ₹6,308 Cr under management. The book's average King Score is 65.2/100. This fund is the highest-scored fund they run (King 72/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Union Value Fund (this page) | 45 | 72 | -1.7% | 2.6% | -0.6% | 10.8% | 11.9% | n/a | 0.28 | 20.0% | -37.7% |
| 2 | Union Large & Midcap Fund | 78 | 66 | 2.2% | 8.6% | 2.9% | 11.6% | 11.1% | n/a | 0.32 | 18.8% | -35.6% |
| 3 | Union Focused Fund | 70 | 66 | 1.2% | 9.6% | 3.8% | 10.1% | 9.2% | n/a | 0.24 | 16.1% | -34.0% |
| 4 | Union ELSS Tax Saver Fund | 40 | 62 | 0.2% | 4.8% | -2.4% | 9.2% | 9.7% | 12.6% | 0.19 | 14.2% | -35.4% |
| 5 | Union Flexi Cap Fund | 52 | 60 | 2.5% | 7.3% | 0.8% | 10.2% | 9.8% | 13.1% | 0.26 | 13.8% | -35.4% |
| 6 | Union Gold ETF Fund of Fund | 77 | n/a | 0.2% | -2.1% | 35.8% | n/a | n/a | n/a | 1.0 | n/a | -17.2% |
| 7 | Union Multi Asset Allocation Fund | 62 | n/a | 0.2% | 1.8% | 10.2% | n/a | n/a | n/a | 0.31 | n/a | -10.0% |
| 8 | Union Consumption Fund | n/a | n/a | 4.5% | 9.7% | n/a | n/a | n/a | n/a | n/a | n/a | -16.8% |
Gaurav Chopra's full record
Gaurav Chopra currently runs 7 funds, across Dynamic Asset Allocation or Balanced Advantage, FoF Domestic, Mid Cap Fund, Sectoral/ Thematic and more, with about ₹7,261 Cr under management. The book's average King Score is 69.8/100. Their strongest fund by King Score is Union Innovation & Opportunities Fund (76/100); Union Value Fund ranks #3 of 7 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Union Innovation & Opportunities Fund | 91 | 76 | 9.8% | 24.1% | 10.6% | 18.2% | n/a | n/a | 0.62 | n/a | -23.9% |
| 2 | Union Midcap Fund | 75 | 73 | 1.8% | 11.2% | 7.2% | 15.8% | 14.6% | n/a | 0.53 | 23.1% | -21.3% |
| 3 | Union Value Fund (this page) | 45 | 72 | -1.7% | 2.6% | -0.6% | 10.8% | 11.9% | n/a | 0.28 | 20.0% | -37.7% |
| 4 | Union Small Cap Fund | 87 | 68 | 7.6% | 25.0% | 19.9% | 16.5% | 16.7% | 17.1% | 0.51 | 18.5% | -44.7% |
| 5 | Union Balanced Advantage Fund | 67 | 60 | 0.6% | 2.9% | 0.2% | 7.6% | 7.4% | n/a | 0.13 | 12.0% | -23.8% |
| 6 | Union Active Momentum Fund | 88 | n/a | 5.2% | 23.1% | 16.9% | n/a | n/a | n/a | -0.28 | n/a | -26.6% |
| 7 | Union Diversified Equity All Cap Active FOF | n/a | n/a | 3.6% | 13.3% | n/a | n/a | n/a | n/a | n/a | n/a | -11.5% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 1.11% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹1000 |
| Fund size (AUM) | ₹374 Cr |
| Age | 7.8 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How Union Value Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| Axis Value Fund | 92 | 95 | 17.1% |
| DSP Value Fund | 71 | 93 | 15.1% |
| HSBC Value Fund | 70 | 90 | 14.8% |
| HDFC Value Fund | 86 | 84 | 14.8% |
| Quant Value Fund | 94 | 81 | 19.4% |
| LIC MF Value Fund | 99 | 75 | 15.8% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Union Value Fund review: the bottom line
Related
Frequently asked questions
Is Union Value Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Union Value Fund scores 72/100 on our King Score and RS 45/99 within its category, has compounded 10.78% a year over three years, and its worst drawdown was -37.68%. Compare those against your needs and the peer table above.
What is the NAV of Union Value Fund today?
The latest NAV is ₹29.88 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Union Value Fund?
The Direct-plan expense ratio is 1.11% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Union Value Fund?
Union Value Fund is managed by Vinod Malviya; Gaurav Chopra.
Is Union Value Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -37.68% - ₹1 lakh briefly becoming about ₹62,320. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Union Value Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹8.1 lakh (XIRR 11.08%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Union Value Fund?
A ₹10,000/month SIP over 5 years would have grown to about ₹806,041 (an XIRR of 11.08%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Union Value Fund rank among similar funds?
On 3-year returns it sits around the 66th percentile of its category, and its consistency ranks 97th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Union Value Fund tax-efficient / what about capital gains?
As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Union Value Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.