Fundalysisby DARKHORSESTOCKS

Scheme

Union Equity Savings Fund

Holds 73 companies worth ₹78.2 Cr in Aug 2026.

  • Fund house

    UnionThe fund house that runs this scheme.

  • AUM

    ₹114 CrUnion Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.4% on Aug 2026, ₹115 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 4.8% of this scheme's NAV.

  • Fund manager

    Parijat AgrawalRuns its co-manager part since 9 Aug 2018, as the fund house dates it. With Sanjay Bembalkar (co-manager), Gaurav Chopra (co-manager).

Overview(6 Oct 2026)

Fund managers3

  1. Parijat AgrawalCo-manager · Aug 2018 · 30y · PGDM B.E.
  2. Sanjay BembalkarCo-manager · Jan 2023 · 18y · CA CFA B.Com
  3. Gaurav ChopraCo-manager · Nov 2024 · 11y · CA B.Com
  1. Hardick BoraAug 2018 – Nov 2024

Key facts

Benchmark
CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRISIL). CRISIL Indices shall not be copied, transmitted or distributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices.
Risk
Moderately High
Expense
Regular 2.6% · Direct 2.11%
Exit load
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter
Started
9 Aug 2018
Minimum
₹1,000

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

What changed(31 changes)

Oct 2026

1 change
  1. Expense ratio
    5 OctRegular 2.58% → 2.6%Direct 2.21% → 2.11%

Sept 2026

2 changes

Aug 2026

2 changes
  1. Category
    31 AugEquity Savings → Hybrid Scheme – Equity Savings Fund
  2. Expense ratio
    2 AugRegular 2.55% → 2.62%Direct 2.07% → 2.14%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Aug 2018 – now)

  1. Parijat Agrawal
  2. Sanjay Bembalkar
  3. Gaurav Chopra
  4. Hardick Bora
MainCoSlice20192020202120222023202420252026
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(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
25 changesRegularDirectΔ pt
5 Oct 20262.60%2.11%0.10
15 Sept 20262.58%2.21%0.11
6 Sept 20262.58%2.10%0.04
2 Aug 20262.62%2.14%0.07
6 Jul 20262.55%2.07%0.02
18 Jun 20262.53%2.05%0.58
14 Jun 20261.95%1.47%0.24
8 Jun 20262.19%1.71%0.03
1 Jun 20262.22%1.74%0.27
26 Apr 20261.95%1.47%1.04
22 Apr 20262.98%2.51%0.31
16 Apr 20262.68%2.20%0.70
9 Apr 20263.38%2.90%1.43
7 Apr 20261.95%1.47%0.06
16 Mar 20261.95%1.53%0.02
26 Feb 20261.93%1.51%0
3 Feb 20262.01%1.51%0.01
4 Jan 20262.00%1.50%0.01
7 Dec 20252.01%1.51%0.01
31 Oct 20252.00%1.50%0.04
11 Apr 20251.99%1.46%0.03
2 Apr 20251.99%1.43%0.03
16 Mar 20252.02%1.46%0.03
13 Jan 20251.99%1.43%0.01
23 Aug 20241.98%1.42%–
Direct plan, 5 Oct 2026
2.11%
Regular plan 2.60% · Exit load 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter
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

To seek capital appreciation and/or to generate consistent returns by actively investing in a combination of diversified equity and equity related instruments, arbitrage and derivative strategies and exposure in debt and money market instruments. However, there is no assurance that the Investment Objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Moderately High
Type
An open ended scheme investing in equity, arbitrage and debt.
Benchmark
CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRISIL). CRISIL Indices shall not be copied, transmitted or distributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices.

Asset allocation it may hold% of NAV

  1. A. Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as partly hedged /arbitrage exposure
    Allowed65–90%
  2. A1. Equity & Equity Related instruments (unhedged)
    Allowed15–40%
  3. A2. Equity & Equity Related instruments (hedged)
    Allowed25–75%
  4. B. Debt, Money Market Instruments and other assets as permitted by SEBI
    Allowed10–35%Holds32.1%
  5. C. Units Issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Aug 2026.67.9% equity · 32.1% 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
Systematic
SIP - Daily, Weekly, Fortnightly and Monthly STP - Daily, Weekly, Fortnightly, Monthly ,Quarterly and Half yearly SWP - Daily, Monthly ,Quarterly, Half yearly and Yearly
Dates
SIP - Daily (only business days) for Daily frequency, any date of the month for weekly, fortnightly and monthly frequency, STP - Daily (only business days) 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 frequencySWP - Daily (Only Business days) for Daily Frequency and any date of the month for monthly, quarterly, half yearly and yearly frequency
Minimum
SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, STP - Rs. 100 for all frequenciesSWP - Rs. 500 for all frequencies, then sIP - Rs. 1 thereof for all frequencies STP - Rs. 1 thereof for all frequencies SWP - Rs. 1 thereof for all frequencies
Instalments
SIP - 6 instalments for all frequencies STP - 6 instalments for all frequencies SWP - 6 instalments for all frequencies
Most
SIP - Not applicable STP - Not applicable SWP - Not applicable

Selling and switching

To redeem
₹1,000 or Units equivalent of Rs. 1000 and in multiple of Rs. 1 thereof units
Switch minimum
Switch in: Rs. 1000 Switch out: Rs. 1000 or Switch in: Units equivalent to Rs. 1000 Switch out: Units equivalent to Rs. 1000 units
Switch multiples
Switch in: Rs. 1 thereafter Switch out: Rs. 1 therafter or Switch in: Units equivalent to Rs. 1 Switch out: Units equivalent to Rs. 1 units

Scheme details(6 Oct 2026)

What it is

Category
Hybrid Scheme – Equity Savings Fund
Offer
19 Jul 2018 to 2 Aug 2018
Started
9 Aug 2018
Reopened
13 Aug 2018
Plans
Direct Plan - Growth Option, Direct Plan - Payout of Income Distribution cum Capital Withdrawal (IDCW) Option, Direct Plan - Reinvestment of IDCW Option, Direct Plan - Transfer of IDCW Plan · Regular Plan - Growth Option, Regular Plan - Payout of IDCW Option, Regular Plan - Reinvestment of IDCW Option, Regular Plan - Transfer of IDCW Plan
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/H/ESF/18/05/0010