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Value / Contra · Union Mutual Fund · AMFI code 145471Union Value Fund
Disclosed for 5 months, May 2026 to Sep 2026.Published as: UNION VALUE FUND
Portfolio value
₹378 Cr
down ₹21.1 Cr vs Aug 2026
- Stocks held
- 69
- up 4 vs Aug 2026
- Top 10 weight
- 32.7%
- of the portfolio in its ten largest
- Cash & debt
- 3.7%
- cash, money market and debt
- Moves this month
- 6 in · 2 out
- added to 10, trimmed 49
Union Value Fund is an active equity fund in the Value / Contra category from Union Mutual Fund. In September 2026 it disclosed 69 stocks worth ₹378 Cr, down ₹21.1 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (6.4%), HDFC Bank Limited (4.1%), Reliance Industries Limited (3.8%); the ten largest together made up 32.7% of the portfolio, and Banks was the biggest sector at 22.0% of its equity. Cash and debt stood at 3.7%. Compared with Aug 2026 the fund entered 6 new stocks and exited 2.
Against 26 other Value / Contra funds
Concentration
38%
Top-10 weight is higher than 38% of peers
Breadth
69%
Holds more stocks than 69% of peers
Cash
46%
Holds more cash than 46% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.44% | down 0.27 pts | ₹24.3 Cr | down ₹2.4 Cr | Trimmed |
| HDFC Bank Limited | 4.12% | up 0.22 pts | ₹15.6 Cr | down ₹1 L | Held |
| Reliance Industries Limited | 3.75% | down 0.07 pts | ₹14.2 Cr | down ₹1.1 Cr | Trimmed |
| Cash, TREPS & receivables | 3.57% | up 0.12 pts | ₹13.5 Cr | down ₹26 L | Trimmed |
| Axis Bank Limited | 3.21% | up 0.16 pts | ₹12.1 Cr | down ₹6 L | Held |
| Bharti Airtel Limited | 2.98% | up 0.07 pts | ₹11.3 Cr | down ₹35 L | Trimmed |
| State Bank of India | 2.93% | down 0.14 pts | ₹11.1 Cr | down ₹1.2 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.73% | down 0.19 pts | ₹10.3 Cr | down ₹1.3 Cr | Trimmed |
| NTPC Limited | 2.21% | down 0.73 pts | ₹8.4 Cr | down ₹3.4 Cr | Trimmed |
| Tech Mahindra Limited | 2.19% | up 0.26 pts | ₹8.3 Cr | up ₹58 L | Added |
| Larsen & Toubro Limited | 2.16% | down 0.04 pts | ₹8.2 Cr | down ₹62 L | Trimmed |
| Gabriel India Limited | 2.02% | down 0.03 pts | ₹7.6 Cr | down ₹55 L | Trimmed |
| Maruti Suzuki India Limited | 2.00% | down 0.45 pts | ₹7.5 Cr | down ₹2.2 Cr | Trimmed |
| Jindal Steel & Power Limited | 1.92% | up 0.09 pts | ₹7.3 Cr | down ₹6 L | Trimmed |
| Nippon Life India Asset Management Limited | 1.67% | down 0.06 pts | ₹6.3 Cr | down ₹60 L | Trimmed |
| The Phoenix Mills Limited | 1.66% | up 0.12 pts | ₹6.3 Cr | up ₹11 L | Added |
| Ujjivan Small Finance Bank Limited | 1.64% | down 0.34 pts | ₹6.2 Cr | down ₹1.7 Cr | Trimmed |
| Ajanta Pharma Limited | 1.64% | up 0.09 pts | ₹6.2 Cr | up ₹3 L | Added |
| Kirloskar Oil Engines Limited | 1.62% | down 0.12 pts | ₹6.1 Cr | down ₹80 L | Trimmed |
| RBL Bank Limited | 1.60% | up 0.36 pts | ₹6.1 Cr | up ₹1.1 Cr | Added |
| Power Mech Projects Limited | 1.51% | up 0.06 pts | ₹5.7 Cr | down ₹7 L | Trimmed |
| Info Edge (India) Limited | 1.49% | down 0.03 pts | ₹5.6 Cr | down ₹43 L | Trimmed |
| V-Mart Retail Limited | 1.47% | down 0.10 pts | ₹5.6 Cr | down ₹69 L | Trimmed |
| Carborundum Universal Limited | 1.41% | up 0.23 pts | ₹5.3 Cr | up ₹62 L | Added |
| Torrent Pharmaceuticals Limited | 1.40% | up <0.01 pts | ₹5.3 Cr | down ₹29 L | Trimmed |
| Engineers India Limited | 1.35% | up 0.27 pts | ₹5.1 Cr | up ₹79 L | Added |
| Aarti Industries Limited | 1.30% | down 0.06 pts | ₹4.9 Cr | down ₹50 L | Trimmed |
| MphasiS Limited | 1.27% | down 0.09 pts | ₹4.8 Cr | down ₹61 L | Trimmed |
| Balrampur Chini Mills Limited | 1.23% | up 0.01 pts | ₹4.6 Cr | down ₹21 L | Trimmed |
| The Federal Bank Limited | 1.21% | down 0.26 pts | ₹4.6 Cr | down ₹1.3 Cr | Trimmed |
| Bharat Electronics Limited | 1.20% | down 0.27 pts | ₹4.5 Cr | down ₹1.3 Cr | Trimmed |
| Tube Investments of India Limited | 1.19% | down 0.13 pts | ₹4.5 Cr | down ₹77 L | Trimmed |
| Voltamp Transformers Limited | 1.16% | up 0.02 pts | ₹4.4 Cr | down ₹17 L | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.13% | down 0.04 pts | ₹4.3 Cr | down ₹40 L | Trimmed |
| Zydus Wellness Limited | 1.12% | up 0.02 pts | ₹4.2 Cr | down ₹15 L | Trimmed |
| Tata Motors Ltd | 1.12% | down 0.06 pts | ₹4.2 Cr | down ₹49 L | Trimmed |
| Max Financial Services Limited | 1.11% | down 0.37 pts | ₹4.2 Cr | down ₹1.7 Cr | Trimmed |
| Berger Paints (I) Limited | 1.09% | down 0.04 pts | ₹4.1 Cr | down ₹38 L | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 1.06% | up 0.04 pts | ₹4 Cr | down ₹5 L | Trimmed |
| Nephrocare Health Services Ltd | 1.01% | up 0.02 pts | ₹3.8 Cr | down ₹13 L | Trimmed |
| Hindustan Aeronautics Limited | 0.99% | up 0.51 pts | ₹3.7 Cr | up ₹1.8 Cr | Added |
| Tata Consultancy Services Limited | 0.98% | down 0.11 pts | ₹3.7 Cr | down ₹63 L | Trimmed |
| Arvind Fashions Limited | 0.95% | down 0.10 pts | ₹3.6 Cr | down ₹60 L | Trimmed |
| Tata Capital Limited | 0.95% | down 0.31 pts | ₹3.6 Cr | down ₹1.4 Cr | Trimmed |
| Infosys Limited | 0.95% | down 0.08 pts | ₹3.6 Cr | down ₹50 L | Trimmed |
| InterGlobe Aviation Limited | 0.92% | down 0.65 pts | ₹3.5 Cr | down ₹2.8 Cr | Trimmed |
| Vedanta Aluminium Metal Limited | 0.92% | up <0.01 pts | ₹3.5 Cr | down ₹19 L | Trimmed |
| Adani Enterprises Limited | 0.88% | up 0.06 pts | ₹3.3 Cr | up ₹5 L | Added |
| Clean Max Enviro Energy Solution Pvt Ltd Clean Max Enviro Energy Solutions Ltd. · history in this fund | 0.87% | up 0.10 pts | ₹3.3 Cr | up ₹20 L | Added |
| Samvardhana Motherson International Limited | 0.86% | up 0.01 pts | ₹3.3 Cr | down ₹15 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (6)
- Adani Ports and Special Economic Zone Limited0.9% · ₹3.2 Cr
- LTIMindtree Limited0.8% · ₹3 Cr
- HDFC Life Insurance Company Limited0.8% · ₹3 Cr
- National Stock Exchange Of India Ltd0.7% · ₹2.8 Cr
- Inventurus Knowledge Solutions Limited0.7% · ₹2.8 Cr
- Zydus Lifesciences Limited0.7% · ₹2.6 Cr
Exited Exited (2)
- Coforge Limitedwas 1.1% · ₹4.5 Cr
- Fusion Finance Limitedwas 0.5% · ₹1.9 Cr
Added Biggest additions
- Hindustan Aeronautics Limitedup ₹1.8 Cr (+0.51% pts)
- RBL Bank Limitedup ₹1.1 Cr (+0.36% pts)
- Engineers India Limitedup ₹79 L (+0.27% pts)
- Carborundum Universal Limitedup ₹62 L (+0.23% pts)
- Tech Mahindra Limitedup ₹58 L (+0.26% pts)
- Clean Max Enviro Energy Solution Pvt Ltdup ₹20 L (+0.10% pts)
- The Phoenix Mills Limitedup ₹11 L (+0.12% pts)
- ITC Limitedup ₹5 L (+0.04% pts)
- Adani Enterprises Limitedup ₹5 L (+0.06% pts)
- Ajanta Pharma Limitedup ₹3 L (+0.09% pts)
Trimmed Biggest reductions
- NTPC Limiteddown ₹3.4 Cr (−0.73% pts)
- InterGlobe Aviation Limiteddown ₹2.8 Cr (−0.65% pts)
- ICICI Bank Limiteddown ₹2.4 Cr (−0.27% pts)
- Maruti Suzuki India Limiteddown ₹2.2 Cr (−0.45% pts)
- Cipla Limiteddown ₹2.1 Cr (−0.49% pts)
- Prestige Estates Projects Limiteddown ₹1.7 Cr (−0.42% pts)
- Max Financial Services Limiteddown ₹1.7 Cr (−0.37% pts)
- Ujjivan Small Finance Bank Limiteddown ₹1.7 Cr (−0.34% pts)
- Tata Capital Limiteddown ₹1.4 Cr (−0.31% pts)
- Bharat Electronics Limiteddown ₹1.3 Cr (−0.27% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Transport Infrastructure (+0.9 pts) and IT - Services (+0.8 pts), and fell most in Finance (−1.0 pts) and Transport Services (−0.7 pts).
- Transport Infrastructure0.0% → 0.9%new+0.9 pts
- IT - Services0.0% → 0.8%new+0.8 pts
- Capital Markets1.8% → 2.5%+0.7 pts
- Insurance1.5% → 2.0%+0.4 pts
- Construction5.5% → 5.8%+0.3 pts
- Pharmaceuticals & Biotechnology5.6% → 5.8%+0.3 pts
- Finance4.8% → 3.8%−1.0 pts
- Transport Services1.6% → 1.0%−0.7 pts
- Power3.9% → 3.2%−0.7 pts
- Automobiles3.1% → 2.6%−0.5 pts
- IT - Software7.5% → 7.1%−0.3 pts
- Realty2.3% → 2.0%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|
| Banks | 22.3% | 22.2% | 22.0% |
| IT - Software | 5.2% | 7.5% | 7.1% |
| Pharmaceuticals & Biotechnology | 4.0% | 5.6% | 5.8% |
| Construction | 5.6% | 5.5% | 5.8% |
| Petroleum Products | 4.9% | 4.8% | 4.7% |
| Auto Components | 5.3% | 4.4% | 4.2% |
| Retailing | 3.8% | 4.3% | 4.1% |
| Finance | 5.5% | 4.8% | 3.8% |
| Power | 4.2% | 3.9% | 3.2% |
| Industrial Products | 3.5% | 3.0% | 3.1% |
Allocation in Sep 2026change vs Aug 2026
- Banks (7)22.0%▼ 0.2 pts
- IT - Software (6)7.1%▼ 0.3 pts
- Pharmaceuticals & Biotechnology (5)5.8%▲ 0.3 pts
- Construction (4)5.8%▲ 0.3 pts
- Petroleum Products (2)4.7%▼ 0.1 pts
- Auto Components (3)4.2%▼ 0.1 pts
- Retailing (3)4.1%▼ 0.2 pts
- Finance (2)3.8%▼ 1.0 pts
- Power (2)3.2%▼ 0.7 pts
- Industrial Products (2)3.1%▲ 0.1 pts
- Telecom - Services (1)3.1%▲ 0.1 pts
- Ferrous Metals (2)2.9%▲ 0.1 pts
- Consumer Durables (3)2.7%
- Automobiles (2)2.6%▼ 0.5 pts
- Capital Markets (2)2.5%▲ 0.7 pts
- Aerospace & Defense (2)2.3%▲ 0.2 pts
- Healthcare Services (2)2.1%▲ 0.1 pts
- Realty (2)2.0%▼ 0.3 pts
- Insurance (2)2.0%▲ 0.4 pts
- Electrical Equipment (2)1.8%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
3.7%
▲ 0.2 pts vs Aug 2026
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.0% – 3.7%
- lowest to highest · record 3.7% in Sep 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.