• 1 Year Returns: 17.85%

• IT Services & Consulting | 11.62%
• Others | 11.20%
• Auto Parts | 10.22%
• Pharmaceuticals | 9.60%
• Electrical Components & Equipments | 8.23%

• Acutaas Chemicals Ltd | 4.56%
• Eternal Ltd | 4.24%
• Federal Bank Ltd | 4.06%
• Info Edge (India) Ltd | 4.02%
• One 97 Communications Ltd | 3.55%

• Equity | 97.31%
• Cash & Equivalents | 2.07%
• Treasury Bills | 0.57%
• Pref Shares | 0.05%

The alpha ratio for the Union Innovation & Opp Fund is 4.69

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the Union Innovation & Opp Fund is 16.26

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the Union Innovation & Opp Fund is 0.86

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the Union Innovation & Opp Fund is 0.09

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.