Union Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹51.54-1.75%1 day
- Return since launch
- 11.4%
- 52-week range
- ₹45.13 — ₹53.46
- AUM
- ₹2,452 Cr
Union Flexi Cap Fund is a Flexi Cap equity fund from Union Mutual Fund with ₹2,452 Cr under management, launched in 2011. Over three years it has returned 4.7% a year, against 11.4% for its category. The expense ratio is 2.59% and the SEBI riskometer reading is Very High.
Performance
Union Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.8% against -1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.1% | +1.1 pts | 1.1% | -0.6% |
| 2Y | 2.9% | −0.1 pts | 2.9% | 0.7% |
| 3Y | 4.7% | −6.7 pts | 11.4% | 3.6% |
| 5Y | 9.3% | −0.4 pts | 9.8% | 9.0% |
| 7Y | 12.8% | −0.4 pts | 13.2% | 11.8% |
| 10Y | 12.9% | +0.1 pts | 12.8% | 11.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.3% | +0.3 pts | -3.5% | -3.6% |
| 3M | 0.4% | +0.1 pts | 0.3% | -0.1% |
| 6M | 9.0% | −0.6 pts | 9.7% | 8.7% |
| 1Y | 0.8% | −0.2 pts | 1.1% | -1.8% |
| 2Y | -1.3% | +0.3 pts | -1.6% | -3.2% |
| 3Y | 10.0% | −1.4 pts | 11.4% | 10.0% |
| 5Y | 8.6% | −1.1 pts | 9.8% | 8.7% |
| 7Y | 14.8% | +0.3 pts | 14.5% | 12.6% |
| 10Y | 12.2% | −0.6 pts | 12.8% | 10.9% |
Since launch (20 May 2011): 11.4%
Calendar-year returns
Category average20.9%
37.1%
-1.2%
27.5%
16.7%
3.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.0% | −1.2 pts | 4.2% |
| 2024 | 16.7% | −5.1 pts | 21.8% |
| 2023 | 27.5% | −2.2 pts | 29.7% |
| 2022 | -1.2% | −2.8 pts | 1.7% |
| 2021 | 37.1% | +2.7 pts | 34.4% |
| 2020 | 20.9% | +1.9 pts | 19.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.59%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.72%
- Brokerage
- 0.16%
- Transaction charges
- 0.01%
- Statutory levies
- 0.70%
- Exit load
- Exit load of 1%, if redeemed within 15 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -0.06 | 5.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.94 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.44 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.50 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.77 | 17.32 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Union Flexi Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.6%
- Debt0.1%
- Other2.4%
Market cap split
- Large53.8%
- Mid17.6%
- Small28.7%
- P/E
- 31.08
- P/B
- 4.17
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.58% | ₹161 Cr | +4.39% | +3.93% | +5.48% |
| HDFC Bank Ltd. | Financial | 3.76% | ₹92.17 Cr | +3.94% | +5.41% | +7.67% |
| Axis Bank Ltd. | Financial | 3.66% | ₹89.70 Cr | +2.73% | +1.86% | +0.71% |
| State Bank of India | Financial | 3.50% | ₹85.86 Cr | +2.55% | +4.56% | +1.76% |
| Bharti Airtel Ltd. | Communication | 2.55% | ₹62.51 Cr | +2.84% | +3.36% | +3.46% |
| Others | Others | 2.38% | ₹57.36 Cr | +1.04% | -0.36% | -1.18% |
| Ather Energy Ltd. | Automobile | 2.30% | ₹56.34 Cr | +0.84% | — | — |
| Bajaj Finance Ltd. | Financial | 2.28% | ₹56.02 Cr | +1.47% | +1.57% | +1.93% |
| Eternal Ltd. | Services | 2.14% | ₹52.50 Cr | +1.26% | +1.38% | +1.46% |
| One97 Communications Ltd. | Services | 2.10% | ₹51.51 Cr | — | +0.89% | +0.73% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.01% | ₹49.22 Cr | +1.14% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.99% | ₹48.76 Cr | — | — | — |
| Gabriel India Ltd. | Automobile | 1.99% | ₹48.89 Cr | +1.63% | +1.06% | +1.24% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.86% | ₹45.61 Cr | +1.57% | +1.63% | — |
| Sai Life Sciences Ltd. | Healthcare | 1.79% | ₹43.79 Cr | +0.56% | — | — |
| Trent Ltd. | Services | 1.76% | ₹43.20 Cr | +1.25% | +0.70% | +0.57% |
| Ajanta Pharma Ltd. | Healthcare | 1.65% | ₹40.49 Cr | +1.46% | +0.82% | — |
| Cemindia Projects Ltd. | Construction | 1.65% | ₹40.44 Cr | +1.22% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.65% | ₹40.53 Cr | +1.54% | +1.22% | +1.01% |
| Shadowfax Technologies Ltd. | Services | 1.60% | ₹39.23 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.58% | ₹38.73 Cr | +1.32% | — | — |
| company:20770 | Capital Goods | 1.50% | ₹36.87 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | 1.46% | ₹35.76 Cr | +2.68% | +3.50% | +4.09% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.46% | ₹35.73 Cr | +1.51% | +1.43% | +1.00% |
| company:20750 | Healthcare | 1.40% | ₹34.33 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.34% | ₹32.97 Cr | +1.06% | — | — |
| PNB Housing Finance Ltd. | Financial | 1.33% | ₹32.74 Cr | +0.72% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.31% | ₹32.12 Cr | +1.72% | +2.53% | +3.19% |
| Coforge Ltd. | Technology | 1.30% | ₹31.76 Cr | +0.50% | — | — |
| Delhivery Ltd. | Services | 1.30% | ₹31.93 Cr | — | — | — |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.27% | ₹31.15 Cr | +1.25% | — | — |
| Infosys Ltd. | Technology | 1.20% | ₹29.48 Cr | +1.57% | +1.66% | +2.95% |
| Inventurus Knowledge Solutions Ltd. | Services | 1.19% | ₹29.25 Cr | +1.74% | +0.76% | +0.39% |
| Polycab India Ltd. | Capital Goods | 1.19% | ₹29.28 Cr | +0.52% | — | — |
| Aarti Industries Ltd. | Chemicals | 1.15% | ₹28.32 Cr | +1.12% | +0.79% | — |
| Cummins India Ltd. | Capital Goods | 1.14% | ₹28.08 Cr | +1.41% | +1.03% | +1.40% |
| Shriram Finance Ltd | Financial | 1.13% | ₹27.75 Cr | +1.28% | +2.53% | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.12% | ₹27.56 Cr | +0.94% | +0.64% | — |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 1.11% | ₹27.28 Cr | — | +1.25% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.10% | ₹26.89 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.05% | ₹25.77 Cr | +1.68% | +1.37% | — |
| Varun Beverages Ltd. | Consumer Staples | 1.05% | ₹25.63 Cr | +0.98% | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.04% | ₹25.51 Cr | — | — | — |
| Mphasis Ltd. | Technology | 1.03% | ₹25.29 Cr | +1.03% | +1.02% | +0.52% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.00% | ₹24.62 Cr | +1.46% | +1.32% | — |
| JSW Infrastructure Ltd. | Services | 0.97% | ₹23.80 Cr | +1.98% | +0.87% | +0.96% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.97% | ₹23.82 Cr | +0.47% | +1.66% | +1.55% |
| Adani Enterprises Ltd. | Services | 0.91% | ₹22.25 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 0.89% | ₹21.78 Cr | +0.82% | +0.75% | +1.00% |
| FSN E-Commerce Ventures Ltd. | Services | 0.87% | ₹21.32 Cr | +0.57% | +1.04% | +0.50% |
| Honasa Consumer Ltd. | Consumer Staples | 0.84% | ₹20.49 Cr | — | — | — |
| Tech Mahindra Ltd. | Technology | 0.83% | ₹20.35 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 0.82% | ₹20.11 Cr | +1.48% | — | +1.01% |
| company:20795 | Technology | 0.79% | ₹19.42 Cr | — | — | — |
| company:284 | Capital Goods | 0.78% | ₹19.25 Cr | — | — | — |
| Gokaldas Exports Ltd. | Textiles | 0.76% | ₹18.74 Cr | +0.51% | +0.46% | +0.71% |
| company:5979 | Healthcare | 0.76% | ₹18.61 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 0.74% | ₹18.14 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.73% | ₹17.86 Cr | +0.64% | +1.17% | +0.78% |
| Prestige Estates Projects Ltd. | Construction | 0.73% | ₹17.96 Cr | — | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 0.71% | ₹17.38 Cr | +1.37% | — | — |
| LTM Limited | Technology | 0.70% | ₹17.25 Cr | — | — | +0.66% |
| JSW Energy Ltd. | Capital Goods | 0.69% | ₹16.91 Cr | +2.16% | +0.93% | +0.95% |
| GE Vernova T&D India Ltd | Capital Goods | 0.68% | ₹16.67 Cr | +0.99% | +0.72% | +2.22% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.64% | ₹15.59 Cr | — | +0.25% | +1.55% |
| Max Financial Services Ltd. | Financial | 0.64% | ₹15.73 Cr | +0.99% | +0.77% | +2.69% |
| Oil India Ltd. | Energy | 0.55% | ₹13.52 Cr | +1.10% | +1.09% | — |
| company:1860 | Metals & Mining | 0.53% | ₹13.08 Cr | — | — | — |
| Tata Consumer Products Ltd. | Consumer Staples | 0.51% | ₹12.45 Cr | +2.85% | +1.80% | — |
| Larsen & Toubro Ltd. | Construction | 0.49% | ₹12.13 Cr | +2.65% | +4.23% | +2.95% |
| company:434 | Consumer Staples | 0.49% | ₹12.14 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.48% | ₹11.78 Cr | — | — | — |
| company:6284 | Chemicals | 0.47% | ₹11.64 Cr | — | — | +0.72% |
| Reserve Bank of India | Financial | 0.05% | ₹1.18 Cr | +0.06% | +0.05% | +0.05% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.03% | ₹0.66 Cr | +0.03% | +0.03% | +0.03% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20770 | 0.00% | 1.50% | +1.50% |
| Krishna Institute of Medical Sciences Ltd | 1.44% | 0.00% | -1.44% |
| company:20750 | 0.00% | 1.40% | +1.40% |
| JSW Energy Ltd. | 1.91% | 0.69% | -1.22% |
| Cemindia Projects Ltd. | 0.48% | 1.65% | +1.17% |
| Dr. Lal Pathlabs Ltd. | 2.43% | 1.27% | -1.16% |
| Larsen & Toubro Ltd. | 1.56% | 0.49% | -1.07% |
| Sona BLW Precision Forgings Ltd. | 0.96% | 0.00% | -0.96% |
| One97 Communications Ltd. | 1.17% | 2.10% | +0.93% |
| Others | 0.11% | -0.82% | -0.93% |
| Solar Industries India Ltd. | 1.64% | 0.82% | -0.82% |
| HDFC Bank Ltd. | 4.55% | 3.76% | -0.79% |
| company:20795 | 0.00% | 0.79% | +0.79% |
| company:284 | 0.00% | 0.78% | +0.78% |
| company:5979 | 0.00% | 0.76% | +0.76% |
| KSB Ltd. | 0.68% | 0.00% | -0.68% |
| Ultratech Cement Ltd. | 0.62% | 0.00% | -0.62% |
| CORONA Remedies Ltd. | 0.61% | 0.00% | -0.61% |
| Ather Energy Ltd. | 1.72% | 2.30% | +0.58% |
| company:1860 | 0.00% | 0.53% | +0.53% |
| Inventurus Knowledge Solutions Ltd. | 1.70% | 1.19% | -0.51% |
| company:434 | 0.00% | 0.49% | +0.49% |
| Tata Consumer Products Ltd. | 0.99% | 0.51% | -0.48% |
| Maruti Suzuki India Ltd. | 1.78% | 1.31% | -0.47% |
| company:6284 | 0.00% | 0.47% | +0.47% |
| Hindustan Unilever Ltd. | 0.38% | 0.00% | -0.38% |
| Shadowfax Technologies Ltd. | 1.23% | 1.60% | +0.37% |
| Bharat Heavy Electricals Ltd. | 1.23% | 1.58% | +0.35% |
| Reliance Industries Ltd. | 1.80% | 1.46% | -0.34% |
| Axis Bank Ltd. | 3.94% | 3.66% | -0.28% |
| Data Patterns (India) Ltd. | 0.79% | 1.05% | +0.26% |
| Divi's Laboratories Ltd. | 1.73% | 1.99% | +0.26% |
| LG Electronics India Ltd. | 0.74% | 1.00% | +0.26% |
| Bajaj Finance Ltd. | 2.52% | 2.28% | -0.24% |
| Acutaas Chemicals Ltd. | 0.48% | 0.71% | +0.23% |
| LTM Limited | 0.51% | 0.70% | +0.19% |
| Max Financial Services Ltd. | 0.83% | 0.64% | -0.19% |
| Tech Mahindra Ltd. | 0.64% | 0.83% | +0.19% |
| Clean Max Enviro Energy Solutions Ltd. | 0.95% | 1.12% | +0.17% |
| Coforge Ltd. | 1.15% | 1.30% | +0.15% |
| Sai Life Sciences Ltd. | 1.64% | 1.79% | +0.15% |
| Navin Fluorine International Ltd. | 1.20% | 1.34% | +0.14% |
| Eternal Ltd. | 2.01% | 2.14% | +0.13% |
| Varun Beverages Ltd. | 1.18% | 1.05% | -0.13% |
| Cummins India Ltd. | 1.26% | 1.14% | -0.12% |
| Trent Ltd. | 1.88% | 1.76% | -0.12% |
| JSW Infrastructure Ltd. | 1.08% | 0.97% | -0.11% |
| Ujjivan Small Finance Bank Ltd. | 1.97% | 1.86% | -0.11% |
| Delhivery Ltd. | 1.40% | 1.30% | -0.10% |
| PNB Housing Finance Ltd. | 1.25% | 1.33% | +0.08% |
| Adani Enterprises Ltd. | 0.97% | 0.91% | -0.06% |
| Gabriel India Ltd. | 2.04% | 1.99% | -0.05% |
| Gokaldas Exports Ltd. | 0.81% | 0.76% | -0.05% |
| Torrent Pharmaceuticals Ltd. | 1.70% | 1.65% | -0.05% |
| Aarti Industries Ltd. | 1.10% | 1.15% | +0.05% |
| Bharti Airtel Ltd. | 2.50% | 2.55% | +0.05% |
| ICICI Bank Ltd. | 6.63% | 6.58% | -0.05% |
| State Bank of India | 3.46% | 3.50% | +0.04% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.42% | 1.46% | +0.04% |
| Honasa Consumer Ltd. | 0.80% | 0.84% | +0.04% |
| ICICI Prudential Asset Management Company Ltd. | 1.15% | 1.11% | -0.04% |
| Shriram Finance Ltd | 1.09% | 1.13% | +0.04% |
| Cholamandalam Investment and Finance Company Ltd. | 2.04% | 2.01% | -0.03% |
| CG Power and Industrial Solutions Ltd. | 0.70% | 0.73% | +0.03% |
| Dixon Technologies (India) Ltd. | 0.61% | 0.64% | +0.03% |
| Titan Company Ltd. | 1.01% | 1.04% | +0.03% |
| Ajanta Pharma Ltd. | 1.62% | 1.65% | +0.03% |
| Billionbrains Garage Ventures Ltd. | 1.13% | 1.10% | -0.03% |
| FSN E-Commerce Ventures Ltd. | 0.85% | 0.87% | +0.02% |
| Infosys Ltd. | 1.22% | 1.20% | -0.02% |
| Oil India Ltd. | 0.53% | 0.55% | +0.02% |
| Polycab India Ltd. | 1.17% | 1.19% | +0.02% |
| Sun Pharmaceutical Industries Ltd. | 0.99% | 0.97% | -0.02% |
| Swiggy Ltd. | 0.50% | 0.48% | -0.02% |
| AU Small Finance Bank Ltd. | 0.73% | 0.74% | +0.01% |
| GE Vernova T&D India Ltd | 0.67% | 0.68% | +0.01% |
| Mphasis Ltd. | 1.02% | 1.03% | +0.01% |
| Prestige Estates Projects Ltd. | 0.74% | 0.73% | -0.01% |
| The Phoenix Mills Ltd. | 0.90% | 0.89% | -0.01% |
| Reserve Bank of India | 0.05% | 0.05% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.03% | 0.03% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,332 Cr | 2.22% | 12.3% | 9.9% | 15.5% |
 Motilal Oswal Flexi Cap Fund | ₹14,160 Cr | 2.05% | 12.8% | 9.6% | 14.9% |
 Invesco India Flexi Cap Fund | ₹5,709 Cr | 2.07% | 5.4% | 8.0% | — |
 Bank of India Flexi Cap Fund | ₹2,953 Cr | 2.25% | 13.1% | 10.6% | 16.0% |
 360 ONE FlexiCap Fund | ₹2,250 Cr | 2.38% | 14.6% | 10.1% | — |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.34% | 15.8% | 11.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities across market capitalisation.
Fund managers
- Sanjay BembalkarMr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.Prior to joining Union Mutual Fund, he has worked with Canara Robeco Asset Management Company Ltd, LIC Mutual Fund, Quantum Advisors Pvt. Ltd and Autonomous Research LLP
- Vinod MalviyaMr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months9.03% absolute | ₹60,000 | ₹65,418 | 9.03% | |
| 1 year0.82% annualised | ₹1,20,000 | ₹1,20,534 | 0.45% | |
| 3 years10.04% annualised | ₹3,60,000 | ₹4,21,570 | 17.10% | |
| 5 years8.61% annualised | ₹6,00,000 | ₹7,51,927 | 25.32% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Union Flexi Cap Fund?
The NAV of Union Flexi Cap Fund is ₹51.54 as on 24 Sep 2026.
What is the expense ratio of Union Flexi Cap Fund?
The expense ratio of Union Flexi Cap Fund is 2.59% per year.
What is the minimum SIP amount for Union Flexi Cap Fund?
You can start a SIP in Union Flexi Cap Fund with ₹3,000 a month.
What returns has Union Flexi Cap Fund given?
Union Flexi Cap Fund has returned 2.1% over 1 year, 4.7% over 3 years and 9.3% over 5 years (annualised).
Is there a lock-in or exit load on Union Flexi Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 15 days..
How risky is Union Flexi Cap Fund?
Union Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages Union Flexi Cap Fund?
Union Flexi Cap Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,513 Cr under management.