Union Consumption Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Union Consumption Fund Direct Growth Plan currently has a NAV of ₹9.7 as of 16 Sep 2026 and scheme AUM of ₹336 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a young consumption-focused equity scheme with a concentrated portfolio, so its case rests more on the theme and stock selection than on a long operating record.
The fund has a low expense ratio and a focused exposure mix, but the short history means there is limited long-term return evidence to lean on yet. For investors, it is better understood as a higher-risk thematic allocation rather than a core equity holding.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.7 as of 16 Sep 2026 |
| AUM | ₹336 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 22 Dec 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 1Y, Nil after 1Y |
| Fund Managers | Vinod Malviya, Sanjay Bembalkar |
The fund is managed by Vinod Malviya and Sanjay Bembalkar.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.1% | -4.41% |
| 3M | 3.08% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been uneven, with the fund showing a weaker one-month stretch but a positive three-month result. That pattern suggests the portfolio has moved through short swings rather than a straight trend, which is not unusual for a concentrated thematic equity fund in its early life.
Against the benchmark, the fund has been less weak over one month and clearly better over three months. The benchmark has remained negative in both measured windows, while the fund recovered more effectively over the quarter. That gives us a modestly better short-term read on relative resilience, even though the track record is still short.
Because the scheme launched only in December 2025, the longer-horizon fields are not available yet. That matters for interpretation: we can see some early responsiveness, but we cannot treat the fund as having a tested three-year or five-year compounding pattern. For now, the main takeaway is that the recent path looks more stable than the benchmark over three months, but the evidence base is still narrow.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Union Consumption?
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 Consumption? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Union Consumption Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| HDFC Nifty India Consumption Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| LIC MF Consumption Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the available comparison set, every fund shows unavailable longer-horizon return history, so there is no meaningful separation on 1-year, 3-year or 5-year figures yet. That leaves the current fund’s short-term behaviour as the only useful differentiator for now.
Even within that limited window, the fund’s recent one-month move looks less weak than the benchmark, while the three-month return is positive when the benchmark remains negative. So the current fund looks somewhat better in the near term, but the comparison does not yet tell us much about durable long-term edge.
For us, the main point is that the peer set is still too young for a full long-term comparison. The short-term numbers are constructive, but they need to be read alongside the fund’s limited history and thematic concentration.
Source data date: as of 16 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eternal Ltd. | Retailing | 6.92% |
| Bharti Airtel Ltd. | Telecom | 6.79% |
| Mahindra & Mahindra Ltd. | Automobile & Ancillaries | 5.48% |
| Maruti Suzuki India Ltd. | Automobile & Ancillaries | 5.06% |
| Titan Company Ltd. | Diamond & Jewellery | 3.78% |
| Trent Ltd. | Retailing | 3.75% |
| Ather Energy Ltd. | Domestic Equities | 3.65% |
| Radico Khaitan Ltd. | Alcohol | 3.57% |
| Varun Beverages Ltd. | FMCG | 3.29% |
| FSN E-Commerce Ventures Ltd. | Retailing | 2.91% |
The top 10 holdings account for approximately 45.2% of the portfolio.
To see all holdings, visit the Union Consumption Fund Direct Growth Plan page
The largest holding, Eternal Ltd., is 6.92%, which is meaningful but not oversized in isolation. The tenth holding stands at 2.91%, so there is a clear decline from the top position down the list, but not an extreme cliff between each name.
What stands out more is the breadth beyond the displayed list. The top 10 holdings make up 45.2% of the portfolio, and the fund holds 42 positions in total, which suggests the remaining exposure is spread across a fairly long tail of smaller positions. That mix may help soften the influence of any single stock while still leaving the portfolio fairly focused.
Because the portfolio is tilted toward consumer-linked names such as retailing, telecom, automobiles and beverages, performance may be more sensitive to how consumption sentiment evolves. That is a useful feature for investors who want thematic exposure, but it also means the fund may behave differently from a broad market core allocation.
Source data date: as of 16 Sep 2026
Who should invest
This fund is best suited to investors who are comfortable with High Risk equity exposure and can hold through short-term swings. The available return history is still limited, but the recent pattern is better than the benchmark over three months and less weak over one month, which points to a fund that can move differently from the broader market.
The main trade-off is between thematic upside and portfolio concentration. Investors who want a consumer-led satellite allocation and can stay invested for a longer horizon may find the setup interesting, while those looking for a stable, broad-based core equity holding may prefer a wider diversified approach.
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 1Y, Nil after 1Y.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Union Consumption Fund Direct Growth Plan?
Its current NAV is ₹9.7 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available.
How has the fund performed against the benchmark recently?
It has done better than the benchmark over 3 months and been less weak over 1 month. The benchmark remains negative in both measured windows.
Does the fund have a minimum SIP?
Yes. The minimum SIP is ₹500.
Who manages the fund?
The fund is managed by Vinod Malviya and Sanjay Bembalkar.
What is the exit load and risk category?
The fund is in the High Risk category, and the exit load is 1% on or before 1 year, nil after 1 year.
Bottom line
Union Consumption Fund Direct Growth Plan is still building its history, so the most useful signals today are its recent short-term moves and its portfolio shape. The near-term return profile has been somewhat steadier than the benchmark, but the longer-horizon fields are not yet available, which limits any strong conclusion about durability. Its consumer-focused portfolio and High Risk label make it a better fit for investors who can tolerate volatility and want thematic equity exposure rather than a broad core allocation.
Published on 17 September 2026 at 1:05 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.