Fundalysisby DARKHORSESTOCKS

Scheme

Union Active Momentum Fund

Holds 35 companies worth ₹497 Cr in Aug 2026.

  • Fund house

    UnionThe fund house that runs this scheme.

  • AUM

    ₹543 CrUnion Active Momentum Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 1.3% on Aug 2026, ₹536 Cr.

  • Largest holding

    Welspun CorpWelspun Corp is 3.7% of this scheme's NAV.

  • Fund manager

    Gaurav ChopraRuns its co-manager part since 19 Dec 2024, as the fund house dates it. With Sanjay Bembalkar (co-manager).

Overview(6 Oct 2026)

Fund managers2

  1. Gaurav ChopraCo-manager · Dec 2024 · 11y · CA B.Com
  2. Sanjay BembalkarCo-manager · Dec 2024 · 18y · CA CFA B.Com

    Key facts

    Benchmark
    Nifty 500 Index (TRI) Benchmark Discalimer: The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY 500 Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 500 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the NIFTY 500 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the NIFTY 500 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.
    Risk
    Very High
    Expense
    Regular 3.71% · Direct 2.33%
    Exit load
    1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.
    Started
    19 Dec 2024
    Minimum
    ₹1,000

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(34 changes)

    Oct 2026

    1 change
    1. Expense ratio
      5 OctRegular 3.99% → 3.71%Direct 2.61% → 2.33%

    Sept 2026

    6 changes
    2. Benchmark
      15 SeptNifty 500 Index (TRI) Benchmark Discalimer: The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY 500 Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 500 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the NIFTY 500 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the NIFTY 500 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. → Nifty 500 Index (TRI) Benchmark Discalimer: The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY 500 Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 500 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the NIFTY 500 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the NIFTY 500 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

    Aug 2026

    3 changes

    Source.Its filings at NSE, since Dec 2024.

    Fund managers over time(Dec 2024 – now)

    1. Gaurav Chopra
    2. Sanjay Bembalkar
    MainCoSlice20252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Dec 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    27 changesRegularDirectΔ pt
    5 Oct 20263.71%2.33%0.28
    23 Sept 20263.99%2.61%0.01
    20 Sept 20263.99%2.62%0
    15 Sept 20264.00%2.62%0.02
    10 Sept 20263.96%2.60%0
    6 Sept 20263.97%2.60%0.10
    23 Aug 20263.87%2.50%0.01
    9 Aug 20263.87%2.51%0
    2 Aug 20263.88%2.51%0.02
    6 Jul 20263.86%2.49%0.01
    18 Jun 20263.87%2.50%1.43
    1 Jun 20262.44%1.07%0
    18 May 20262.39%1.07%2.36
    12 May 20264.75%3.43%0.07
    11 May 20264.37%3.50%6.60
    5 May 202611.42%10.10%0.45
    28 Apr 202611.87%10.55%9.56
    22 Apr 20262.44%0.99%0.08
    7 Apr 20262.39%1.07%0.08
    16 Mar 20262.44%0.99%0.02
    4 Jan 20262.42%0.97%0.05
    31 Oct 20252.43%1.02%0.09
    11 Apr 20252.44%1.11%0.10
    2 Apr 20252.45%1.21%0
    16 Mar 20252.48%1.21%0.03
    7 Mar 20252.45%1.18%0.12
    26 Dec 20242.43%1.06%–
    Direct plan, 5 Oct 2026
    2.33%
    Regular plan 3.71% · Exit load 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(6 Oct 2026)

    Objective

    The investment objective of the Scheme is to seek to generate long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are such that exhibit relatively superior price momentum – based on the phenomenon that stocks which have performed well in the past relative to other stocks (winners) continue to perform well in the future, and stocks that have performed relatively poorly (losers) continue to perform poorly. The portfolio of stocks will be selected, weighted and rebalanced using proprietary screens. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme investing in momentum theme
    Benchmark
    Nifty 500 Index (TRI) Benchmark Discalimer: The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL")). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY 500 Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 500 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the NIFTY 500 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the NIFTY 500 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

    Asset allocation it may hold% of NAV

    1. Equity and Equity related Instruments related to momentum theme
      Allowed80–100%Holds92.7%
    2. Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI
      Allowed0–20%Holds7.3%
    3. Units issued by InvITs
      Allowed0–10%Holds0.0%

    Holds in Aug 2026.92.7% equity · 7.3% debt and cash

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹1,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    No Limit
    Systematic
    SIP - Daily, Weekly, Fortnightly and Monthly, SWP - Daily, Monthly, Quarterly, Half Yearly and Yearly, STP - Daily, Weekly, Fortnightly, Monthly, Quarterly and Half Yearly
    Dates
    SIP - Daily (only business day) for daily frequency and any date of the month for weekly, fortnightly and monthly frequency, SWP - Daily (only business day) for daily Frequency and any date of the month for monthly, quarterly, half yearly and yearly frequency, STP - Daily (only business day) for daily frequency, Monday to Friday for weekly frequency, Every Alternate Wednesday for fortnightly frequency and any date of the month for monthly, quarterly and half yearly frequency
    Minimum
    SIP - Rs. 100 for daily frequency, Rs. 500 for weekly, fortnightly and monthly frequency, SWP - Rs. 500 for all frequencies , STP - Rs. 100 for all frequencies, then sIP - Rs. 1 thereof for all frequencies, SWP - Rs. 1 thereof for all frequencies, STP - Rs. 1 thereof for all frequencies
    Instalments
    SIP - 6 instalments for all frequencies, SWP - 6 instalments for all frequencies, STP - 6 instalments for all frequencies
    Most
    SIP - Not applicable, SWP - Not applicable, STP - Not applicable

    Selling and switching

    To redeem
    1000 or the balance in the account of the unitholder, whichever is lower. or Units Equivalent to Rs. 1000 or the balance in the account of the unitholder, whichever is lower units
    Switch minimum
    ₹1,000 or Switch in : Units equivalent to Rs. 1000 Switch out: Units Equivalent to Rs. 1000 or the balance in the account of the unitholder, whichever is lower. units
    Switch multiples
    Switch in: in multiples of Rs. 1 Switch out: in multiples of Rs. 1 or Switch in: Units equivalent to Rs. 1 Switch out: Units equivalent to Rs. 1 units
    Switch most
    No Limit or No Limit units

    Scheme details(6 Oct 2026)

    What it is

    Category
    Equity Scheme – Thematic Fund
    Offer
    28 Nov 2024 to 12 Dec 2024
    Started
    19 Dec 2024
    Reopened
    23 Dec 2024
    Plans
    Regular Plan - Growth Option · Regular Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option · Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option · Regular Plan - Transfer of Income Distribution cum Capital Withdrawal Option · Direct Plan - Growth Option · Direct Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option · Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option · Direct Plan - Transfer of Income Distribution cum Capital Withdrawal Option
    Face value
    ₹10
    Listed
    The Scheme being an open ended Scheme it is not proposed to be listed on any stock exchange. However, the Trustee reserves the right to list the units of the Scheme on any stock exchange(s) at its sole discretion at a later date.

    How it is run

    Swing pricing
    No
    Side-pocketing
    Enabled but no segregated portfolio created
    Custodian
    SBI-SG Global Securities Services Private Limited
    Auditor
    M/s S.R Batliboi & Co. LLP
    Registrar
    Computer Age Management Services Limited (CAMS)
    SEBI code
    UNIN/O/E/THE/24/08/0027