Union Active Momentum Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Union Active Momentum Fund Direct Growth Plan is an equity fund with a High Risk profile. Its NAV is ₹10.03 as of 15 September 2026, and the scheme AUM is ₹535 Cr. The fund’s 1-year, 3-year and 5-year returns are 15.82%, 0% and 0%, respectively. Our view is that the fund has shown a positive one-year outcome, but its short track record and the absence of longer history mean it suits investors who are comfortable with sharp swings and want to assess it with caution.

The portfolio also matters here: the disclosed holdings show a meaningful cash buffer and a spread across industrial, electrical, healthcare and auto-linked names. That mix can support flexibility, but it also means returns may depend heavily on a relatively small set of positions while the strategy continues to build its record.

Quick facts

Particular	Details
NAV	₹10.03 as of 15 Sep 2026
AUM	₹535 Cr
Expense Ratio	1.02%
Launch Date	19 Dec 2024
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	Gaurav Chopra, Sanjay Bembalkar

The fund is managed by Gaurav Chopra and Sanjay Bembalkar.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.69%	-4.81%
3M	5.14%	-3.63%
1Y	15.82%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern has been uneven, but the fund has held up better than the benchmark over every available period. The 1-month return was slightly negative, yet it still beat the benchmark by a wide margin because the benchmark fell more sharply. Over 3 months, the fund recovered into positive territory while the benchmark stayed negative, which suggests the strategy has been able to absorb some of the market weakness.

The 1-year figure is more meaningful because it gives the clearest view of the fund’s early compounding. A 15.82% return against the benchmark’s -8.27% points to clear outperformance over the period that is actually available. That said, the fund is still young, so we would treat the one-year record as encouraging rather than conclusive.

The daily pattern over the last year also looks choppy rather than smooth. There were several pullbacks and recoveries, which fits a High Risk equity approach that can move materially in both directions. Our reading is that the strategy has responded better than the benchmark in this market phase, but it has not yet built a long public record that would let investors judge consistency through a full cycle.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Union Active Momentum?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Union Active Momentum Fund Direct Growth Plan	15.82%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.16%	37.12%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.05%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	26.51%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.46%	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 1-year measure, the fund trails the strongest peer figures in this set, while still staying ahead of the benchmark by a wide margin. The comparison becomes less decisive on 3-year and 5-year horizons because the fund has no published history for those periods, whereas one peer has a 3-year record and the others are also not available on those longer tenures.

So the short-term picture is mixed: the fund looks better than the benchmark, but several peers have posted higher 1-year returns. The longer-term picture is more limited than competitive, because there is not yet enough history to compare its compounding with most peers over 3 years or 5 years. For investors, that means the fund’s current appeal rests more on its recent behaviour than on a proven multi-year record.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	7.52%
Welspun Corp Ltd.	Iron & Steel	3.66%
Ather Energy Ltd.	Domestic Equities	3.28%
Avalon Technologies Ltd.	Electricals	3.19%
R R Kabel Ltd.	Electricals	2.98%
Sansera Engineering Ltd.	Automobile & Ancillaries	2.96%
Craftsman Automation Ltd.	Automobile & Ancillaries	2.91%
Iol Chemicals and Pharmaceuticals Ltd.	Healthcare	2.87%
Navin Fluorine International Ltd.	Chemicals	2.86%
Apollo Hospitals Enterprise Ltd.	Healthcare	2.8%

The largest disclosed holding is TREPS at 7.52%, which is sizeable enough to matter but not so large that one line item dominates the visible book. From the first holding to the tenth, the weights step down fairly gradually, and the tenth position is still close to 3%, so the disclosed slice does not look overly concentrated in a single stock.

The top 10 holdings account for approximately 35.03% of the portfolio, and that suggests the fund has room beyond the visible list to shape overall risk and return. Because 36 holdings are disclosed and more holdings remain beyond the top 10, the portfolio appears spread across a longer tail rather than being driven entirely by just a few names.

That said, the mix still carries meaningful exposure to industrial and cyclical themes, alongside healthcare and chemicals. In our view, that combination may help the fund participate in market leadership when these pockets are in favour, but it could also make results less steady if those areas weaken.

To see all holdings, visit the Union Active Momentum Fund Direct Growth Plan page

Source data date: as of 15 Sep 2026

Who should invest

This fund is best viewed by investors who are comfortable with High Risk equity exposure and can accept a record that is still short. The one-year return is positive and clearly ahead of the benchmark, but the lack of 3-year and 5-year history means the long-term case is not yet established. That makes a longer investment horizon more important than a short holding period.

The main trade-off is between the possibility of stronger equity-style upside and the uncertainty that comes with a young, active strategy. The current portfolio leans across multiple sectors and includes a cash component, which may help with flexibility, but it does not remove the possibility of sharp moves. Investors who want a steadier, fully established track record may prefer to wait and watch.

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 15 Sep 2026

Frequently asked questions

What is the current NAV of Union Active Momentum Fund Direct Growth Plan?
The NAV is ₹10.03 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 15.82%, while the 3-year and 5-year returns are both not available for a meaningful comparison yet.

How has it performed versus the benchmark?
It has done better than Nifty 50 over every available period. The clearest comparison is the 1-year figure, where the fund is positive and the benchmark is negative.

How does it compare with the peer funds shown here?
Its 1-year return is below several peers in this set, but it still stays ahead of the benchmark. The longer-term comparison is limited because 3-year and 5-year figures are not available for the fund and are also missing for most peers.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is its exit load?
The fund is managed by Gaurav Chopra and Sanjay Bembalkar. The exit load is 1% on or before 1 year and nil after 1 year.

Bottom line

Union Active Momentum Fund Direct Growth Plan has a better recent showing than its benchmark, but its longer-term track record is still too short to treat as settled. Among the peers shown, its 1-year return is lower than several of the stronger figures, yet the benchmark comparison remains supportive. The High Risk profile, the moderate cash holding and the spread across industrial, electrical, healthcare and chemicals names all point to a strategy that may move unevenly while it matures. That makes it more suitable for investors who can stay patient through volatility and are comfortable judging it over time.

Published on 16 September 2026 at 8:49 AM 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.