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Union Active Momentum Fund - NAV, Performance, Returns & Investment Details

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Invest in Union Active Momentum Fund with latest NAV ₹8.26. Check fund performance, expense ratio 2.44%, minimum SIP ₹500, and key features before investing.

Investment Objective and Approach

The Union Active Momentum Fund seeks to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. The scheme invests in Indian equities, foreign equities and related instruments and debt securities.

The fund's investment approach focuses on generating long-term capital appreciation by investing in stocks showing strong momentum. Momentum stocks are those 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.

Key Fund Details (as of latest available data):

- Latest NAV: ₹8.26 (as of 16th April 2025)

- Assets Under Management (AUM): ₹403.72 Crores (as of 16th April 2025)

- Expense Ratio: 1.25% (as of 16th April 2025)

- Minimum SIP amount: ₹1000 and minimum lump sum: ₹1000

- Fund Launch Date: 28th November 2024

- Asset Allocation: 95.94% in equities, 0.08% in debts, and 3.98% in cash & cash equivalents

Fund Managers

The Union Active Momentum Fund is co-managed by Mr. Gaurav Chopra (since inception) and Mr. Sanjay Bembalkar (since inception).

Mr. Sanjay Bembalkar - Head of equity at Union Asset Management Company Private Limited. In his more than 16-year professional career, he has worked as a fund manager and research analyst with Canara Robeco AMC and in various capacities with LIC Mutual Fund Asset Management Limited and Quantum Advisors Private Limited. Mr. Bembalkar has done B.Com, M.Sc.

Mr. Gaurav Chopra - Co-Fund Manager at Union Asset Management Company Private Limited. He is an equity fund manager with over 8 years of experience as a Research Analyst in the financial market. Before joining Union AMC, he was associated with Centrum Portfolio Management Services-Centrum Broking Limited.

About the Fund House (AMC)

Union Asset Management Company Private Limited was founded in December 2009 as a subsidiary of Union Bank of India. The AMC was initially established through a collaboration with KBC Asset Management NV, a Belgium-based AMC, originally known as Union KBC Mutual Fund. Initially, Union Bank retained the majority stake, with KBC holding a 49% share. In 2016, the partnership concluded as KBC withdrew, and Union Bank of India acquired their shares, making Union Mutual Fund its wholly-owned subsidiary.

In 2017, Dai-ichi Life, a prominent Japanese financial services company, acquired a 39.62% stake in the AMC. Despite maintaining the existing AMC structure, Dai-ichi Life appointed a nominee to its Board of Directors.

Union Bank of India - As of March 31, 2024, the Bank had a network of about 8,466 branches including overseas branches in Dubai & Sydney, Banking Subsidiary in UK, London, JV in India International Bank (Malaysia), 4 Domestic Subsidiaries, 2 Joint Ventures, 1 Associate Company. Union Bank of India is one of the first large public sector banks in the country to have implemented 100% networking of branches through core banking solutions. The bank ranks 5th amongst PSB's in business mix with digitally superior mix of customer friendly products.

Dai-ichi Life Holdings - Dai-ichi Life Holdings, Inc. is a stock company with limited liability, incorporated under the laws of Japan in the year 1902 and listed on the Tokyo Stock Exchange. Dai-ichi Life is a financial services holding company engaged in carrying out both insurance and non-insurance (including asset management) businesses through various subsidiaries and associate companies.

As of September 30, 2024, the fund house's assets under management (AUM) stood at Rs 19,030.97 crores, accounting for 0.28% of the mutual fund industry's total AUM.

Should I Invest in Union Active Momentum Fund?

Union Active Momentum Fund is suitable for investors seeking:

- Long-term wealth creation through momentum-based equity investing

- High-risk tolerance as the fund is rated Very High risk

- Understanding of momentum strategy where the fund invests in stocks showing strong price momentum

- Active fund management approach with experienced fund managers

Key Considerations:

- The fund is relatively new, launched on 28th November 2024

- The fund has given a CAGR return of -11.00% since inception, reflecting its short track record and market volatility

- The alpha ratio is -12.43, indicating underperformance compared to expected returns based on beta and risk-free rate

- Standard deviation of 28.27 indicates high volatility

Before investing, carefully assess your risk tolerance, investment horizon, and financial goals. Consider consulting with a financial advisor to determine if this momentum-focused strategy aligns with your investment portfolio.

FAQs

What is today's NAV of Union Active Momentum Fund?

The latest NAV of Union Active Momentum Fund is ₹8.26 as of 16th April 2025. The NAV is updated daily and can be checked on the AMC's official website or financial platforms.

What is the AUM of Union Active Momentum Fund?

The Assets Under Management (AUM) of Union Active Momentum Fund is ₹403.72 Crores as of 16th April 2025. AUM represents the total market value of assets managed by the fund.

What is the expense ratio of Union Active Momentum Fund?

The expense ratio of Union Active Momentum Fund is 1.25% as of 16th April 2025. This is the annual fee charged by the fund house for managing your investments.

What are the returns of Union Active Momentum Fund since inception?

Union Active Momentum Fund has given a CAGR return of -11.00% since inception. The fund is relatively new, having been launched recently, so returns data is limited.

What is the minimum SIP amount to invest in Union Active Momentum Fund?

You can start investing in Union Active Momentum Fund with a SIP of ₹1000. This allows investors to start systematic investing with a manageable amount.

How do I invest in Union Active Momentum Fund?

You can invest in Union Active Momentum Fund through Allvest platform, the AMC's official website, or other authorized mutual fund distributors. Complete your KYC process and choose between SIP or lump sum investment options.

How to start a SIP in Union Active Momentum Fund?

To start a SIP in Union Active Momentum Fund through Allvest, log into your account, select the fund, choose SIP option, set the amount and frequency, and complete the mandate setup for automatic monthly investments.

How do I automate an SIP in Union Active Momentum Fund?

You can automate SIP by setting up an auto-debit mandate with your bank account through Allvest platform. This ensures automatic monthly deduction and investment without manual intervention each month.

How can I withdraw/redeem my investment in Union Active Momentum Fund?

You can redeem your investment through Allvest platform, AMC's website, or by submitting a redemption request. The redemption amount will be credited to your registered bank account within 3-4 business days.