Union Aggressive Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Union Aggressive Hybrid Fund Direct Growth Plan has a NAV of ₹19.47 as of 15 Sep 2026 and an AUM of ₹776 Cr. Its 1-year, 3-year and 5-year returns are 1.56%, 9.69% and 8.73% respectively, and it is marked High Risk. Our view is that the fund has delivered better medium- to long-term numbers than its recent one-year showing, while the portfolio’s mix of equity and debt exposures points to a fund that can behave differently across market phases.
The fund may suit investors who can stay invested through uneven periods and want an aggressive hybrid allocation rather than a pure equity approach. The current return pattern suggests that the longer holding period has been more rewarding than the latest year, so patience matters here.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹19.47 as of 15 Sep 2026 |
| AUM | ₹776 Cr |
| Expense Ratio | 1.32% |
| Launch Date | 18 Dec 2020 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | 1% on or before 15D, Nil after 15D |
| Fund Managers | Sanjay Bembalkar, Vinod Malviya, Parijat Agrawal |
The fund is managed by Sanjay Bembalkar, Vinod Malviya and Parijat Agrawal.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.33% | -4.81% |
| 3M | 1.62% | -3.63% |
| 1Y | 1.56% | -8.27% |
| 3Y | 9.69% | 5.59% |
| 5Y | 8.73% | 5.58% |
The short-term pattern is mixed. Over one month, the fund was negative, but it still fell less than the benchmark. Over three months, it moved back into positive territory while the benchmark remained weaker, which indicates that the fund has handled the recent stretch better than the index.
The one-year result is modest, yet it is clearly ahead of the benchmark’s negative return over the same period. That matters because it shows the portfolio was able to preserve more value than the index during a difficult market phase, even if the absolute gain was not strong.
The longer record is more convincing. The 3-year return is higher than the 5-year return, which tells us the more recent multi-year stretch has been better than the full five-year period. Both figures are also ahead of the benchmark, so the fund has outpaced the index across the longer horizons, not just in a short rebound.
Overall, the performance pattern is not smooth, but it does show some resilience relative to the benchmark. The recent softness means the fund is not a steady month-to-month compounder, yet the 3-year and 5-year numbers suggest that patient investors have seen a better outcome than the index over time.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Union Aggressive Hybrid?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Union Aggressive Hybrid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Union Aggressive Hybrid Fund Direct Growth Plan | 1.56% | 9.69% | 8.73% |
| Bank of India Aggressive Hybrid Fund Direct Growth Plan | 13.02% | 16.36% | 14.13% |
| HSBC Multi Asset Active FOF Direct Growth Plan | 12.06% | 14.41% | 11.75% |
| Quant Aggressive Hybrid Fund Direct Growth Plan | 8.05% | 12.12% | 12.53% |
| Navi Aggressive Hybrid Fund Direct Growth Plan | 7.88% | 11.25% | 10.98% |
| HSBC Aggressive Hybrid Active FOF Direct Growth Plan | 5.82% | 11.55% | 10.37% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The one-year return is well below the peer set shown here, while the 3-year and 5-year figures are also lower than the stronger names in this group. That means the fund’s recent softness is not just a short-term issue; its longer-term numbers also trail the better peer outcomes on the available figures.
At the same time, the gap is more visible in the one-year column than in the longer horizons. The 3-year and 5-year figures still show a positive multi-year record, so the comparison tells a more balanced story than the recent year alone. In our view, the peer set underlines that the fund has participated in long-term growth, but not with the same strength as the better-performing peers in this sample.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 8.02% |
| REC Ltd.** | Corporate Debt | 4.47% |
| HDFC Bank Ltd. | Bank | 4.3% |
| Power Finance Corporation Ltd.** | Corporate Debt | 3.22% |
| National Bank for Agriculture and Rural Development | Corporate Debt | 3.21% |
| National Bank for Agriculture and Rural Development** | Corporate Debt | 3.19% |
| ICICI Bank Ltd. | Bank | 3.03% |
| State Bank of India | Bank | 2.63% |
| Indian Railway Finance Corporation Ltd.** | Corporate Debt | 2.58% |
| Axis Bank Ltd. | Bank | 2.38% |
The largest disclosed holding is TREPS at 8.02%, which is a meaningful cash-and-equivalents allocation and may help dampen day-to-day swings. After that, the weights step down fairly quickly into the mid-4% to low-2% range, so no single listed equity or debt holding dominates the table on its own.
The top 10 holdings together account for approximately 37.03% of the portfolio, and the remaining disclosed holdings extend across 71 positions in total. That combination suggests a fairly long tail beyond the largest names, even though the first few holdings still carry more weight and could have greater influence on returns and volatility.
Because the table includes both bank stocks and corporate debt exposures alongside cash equivalents, the portfolio may behave more like a blended allocation than a single-asset equity fund. The presence of multiple debt positions and a sizable TREPS line can make the mix less concentrated in pure equity risk, although the High Risk label still signals that investors should expect noticeable movement.
Union Aggressive Hybrid Fund Direct Growth Plan
To see all holdings, visit the Union Aggressive Hybrid Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund is better suited to investors who can tolerate High Risk and stay invested for a longer horizon. The 1-year return is much weaker than the 3-year and 5-year numbers, so short holding periods may not capture the fund at its better stage.
We think the fund fits investors who want a hybrid allocation and can accept periods where returns lag the benchmark or soften over a month or a year. The trade-off is clear: you may get a more balanced mix than a pure equity fund, but the return path can still be uneven and the payoff depends on giving the strategy enough time.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% on or before 15D, Nil after 15D.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Union Aggressive Hybrid Fund Direct Growth Plan?
The current NAV is ₹19.47 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 1.56%, the 3-year return is 9.69% and the 5-year return is 8.73%.
How does the fund compare with Nifty 50?
The fund has outperformed Nifty 50 across the 1-year, 3-year and 5-year periods shown here. The difference is especially visible over 1 year, where the benchmark was negative while the fund remained slightly positive.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund?
The fund is managed by Sanjay Bembalkar, Vinod Malviya and Parijat Agrawal.
What does the portfolio look like and what is the exit load?
The portfolio starts with TREPS at 8.02% and then moves through bank, corporate debt and other positions, which makes it a blended mix rather than a single-theme portfolio. The exit load is 1% on or before 15 days and nil after 15 days.
Bottom line
Union Aggressive Hybrid Fund Direct Growth Plan has a weaker recent one-year result than its longer-term record, but the 3-year and 5-year figures still sit above the benchmark. The peer set shows a similar pattern: the fund trails stronger peers on the available return numbers, yet it still delivers a positive multi-year outcome. With a High Risk label, a blended portfolio and a meaningful cash-and-debt presence among the top holdings, it appears suited to investors who can accept uneven returns in exchange for a hybrid structure over a longer horizon.
Published on 16 September 2026 at 4:54 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.