COMPARE
ITI Focused Fund - Direct Plan - Growth vs Union Focused Fund - Direct Plan - Growth Option
ITI Focused Fund and Union Focused Fund are both in the Focused Fund category, from ITI Asset Management Limited and Union Asset Management Company Private Limited respectively. ITI Focused Fund has posted a higher 3-year rolling CAGR. ITI Focused Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ITI Focused Fund has the lower direct-plan expense ratio, by 0.66 percentage points.
| ITI Focused Fund - Direct Plan - Growth | Union Focused Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Focused Fund | Focused Fund |
| AMC | ITI Asset Management Limited | Union Asset Management Company Private Limited |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| NAV | ₹16.1616 (2026-10-28) | ₹28.26 (2026-10-28) |
| AUM | ₹583.19 Cr | ₹423.126 Cr |
| Expense Ratio (Direct) | 0.91% | 1.57% |
| Inception | 2023-05-29 | 2019-07-15 |
Returns
ITI Focused Fund leads on 3-year rolling CAGR (18.9% vs Union Focused Fund's 16.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ITI Focused Fund has been the more volatile of the two by standard deviation.
| ITI Focused Fund - Direct Plan - Growth | Union Focused Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.44 | 0.13 |
| 3Y Alpha | 5.4182% | 0.9546% |
| 3Y Std Deviation | 14.8816% | 13.978% |
| 3Y Calmar Ratio | 0.74 | 0.52 |
Portfolio Analytics
Union Focused Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ITI Focused Fund - Direct Plan - Growth | Union Focused Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 30.3258 | 34.0154 |
| P/B Ratio | 28.43 | - |
| Dividend Yield | 0.7383% | 0.7203% |
| Active Share | 70.94% | 74.16% |
| Portfolio Turnover | 107% | 42% |
| YTM | - | 5.36% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ITI Focused Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ITI Focused Fund or Union Focused Fund?
ITI Focused Fund's 3-year rolling CAGR of 18.9% is higher than Union Focused Fund's 16.0%. ITI Focused Fund sits in the 89th percentile of its category on this metric, versus the 37th percentile for Union Focused Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ITI Focused Fund or Union Focused Fund?
ITI Focused Fund's direct-plan expense ratio is 0.66 percentage points lower than Union Focused Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ITI Focused Fund or Union Focused Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ITI Focused Fund has been more volatile than Union Focused Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.44 for ITI Focused Fund vs 0.13 for Union Focused Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ITI Focused Fund or Union Focused Fund?
ITI Focused Fund has ₹583 Cr in assets under management, versus ₹423 Cr for Union Focused Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ITI Focused Fund or Union Focused Fund?
Union Focused Fund launched on 2019-07-15, making it older than ITI Focused Fund (launched 2023-05-29). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.