Union Multicap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹17.28+0.17%1 day
- Return since launch
- 16.6%
- 52-week range
- ₹14.35 — ₹17.93
- AUM
- ₹1,562 Cr
Union Multicap Fund is a Multi Cap equity fund from Union Mutual Fund with ₹1,562 Cr under management, launched in 2022. Over three years it has returned 9.9% a year, against 13.6% for its category. The expense ratio is 2.58% and the SEBI riskometer reading is Very High.
Performance
Union Multicap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +10.0% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 12.2% | +5.7 pts | 6.4% | 3.4% |
| 2Y | 9.5% | +3.2 pts | 6.3% | 2.6% |
| 3Y | 9.9% | −3.7 pts | 13.6% | 4.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.1% | −0.3 pts | -2.9% | -3.0% |
| 3M | 2.3% | +0.6 pts | 1.8% | 1.1% |
| 6M | 17.2% | +1.8 pts | 15.5% | 13.9% |
| 1Y | 10.0% | +3.5 pts | 6.4% | 1.6% |
| 2Y | 1.8% | +1.8 pts | 0.1% | -2.8% |
| 3Y | 13.6% | +0.1 pts | 13.6% | 11.2% |
Since launch (28 Nov 2022): 16.6%
Calendar-year returns
Category average31.9%
22.2%
2.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.7% | −1.0 pts | 3.6% |
| 2024 | 22.2% | −2.9 pts | 25.0% |
| 2023 | 31.9% | −2.5 pts | 34.5% |
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
2.57%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.81%
- Brokerage
- 0.13%
- Transaction charges
- 0.01%
- Statutory levies
- 0.62%
- 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
- Nifty 500 Multicap 50:25:25 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 | 4.23 | 6.86 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.89 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.63 | 0.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.76 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.48 | 16.82 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Union Multicap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.5%
- Debt0.1%
- Other4.5%
Market cap split
- Large34.3%
- Mid33.8%
- Small32.0%
- P/E
- 33.64
- P/B
- 4.44
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.48% | ₹70.03 Cr | +3.78% | +2.87% | +4.30% |
| Others | Others | 4.47% | ₹69.18 Cr | -1.14% | -1.00% | -0.32% |
| HDFC Bank Ltd. | Financial | 2.86% | ₹44.67 Cr | +3.12% | +3.56% | +5.03% |
| Larsen & Toubro Ltd. | Construction | 2.86% | ₹44.61 Cr | +2.74% | +3.22% | +2.10% |
| One97 Communications Ltd. | Services | 2.60% | ₹40.54 Cr | +0.82% | +0.83% | — |
| Karur Vysya Bank Ltd. | Financial | 2.41% | ₹37.69 Cr | +2.31% | +1.86% | +1.52% |
| Bharti Airtel Ltd. | Communication | 2.34% | ₹36.56 Cr | +1.86% | +1.97% | +3.67% |
| Coforge Ltd. | Technology | 2.18% | ₹34.09 Cr | — | — | +1.17% |
| SJS Enterprises Ltd. | Automobile | 2.16% | ₹33.69 Cr | +2.10% | +1.81% | +1.53% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.15% | ₹33.63 Cr | — | — | +2.00% |
| Mphasis Ltd. | Technology | 1.93% | ₹30.10 Cr | +1.31% | +1.03% | +1.26% |
| Shriram Finance Ltd | Financial | 1.93% | ₹30.21 Cr | — | +2.44% | — |
| State Bank of India | Financial | 1.93% | ₹30.09 Cr | +1.74% | +2.52% | +1.60% |
| Gabriel India Ltd. | Automobile | 1.84% | ₹28.81 Cr | +1.82% | +1.70% | +2.52% |
| Sai Life Sciences Ltd. | Healthcare | 1.72% | ₹26.93 Cr | +1.58% | +0.92% | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.69% | ₹26.42 Cr | +1.72% | +0.86% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.69% | ₹26.37 Cr | — | — | — |
| Ather Energy Ltd. | Automobile | 1.58% | ₹24.74 Cr | +1.02% | +0.57% | — |
| Axis Bank Ltd. | Financial | 1.57% | ₹24.53 Cr | +1.81% | +2.00% | — |
| Navin Fluorine International Ltd. | Chemicals | 1.57% | ₹24.51 Cr | +1.48% | +1.34% | +0.99% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.55% | ₹24.14 Cr | +2.48% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.54% | ₹24.08 Cr | +1.57% | +1.90% | +1.13% |
| Marico Ltd. | Consumer Staples | 1.53% | ₹23.88 Cr | +1.00% | +0.76% | — |
| Info Edge (India) Ltd. | Services | 1.47% | ₹22.92 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 1.41% | ₹22.07 Cr | +1.41% | +2.05% | +1.38% |
| Craftsman Automation Ltd. | Automobile | 1.40% | ₹21.86 Cr | +1.31% | +1.11% | +0.69% |
| Ipca Laboratories Ltd. | Healthcare | 1.40% | ₹21.84 Cr | +1.10% | +0.79% | — |
| Solar Industries India Ltd. | Chemicals | 1.39% | ₹21.64 Cr | +2.23% | +1.45% | +1.38% |
| Prestige Estates Projects Ltd. | Construction | 1.35% | ₹21.04 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.33% | ₹20.77 Cr | +1.97% | +0.71% | — |
| PTC Industries Ltd. | Metals & Mining | 1.31% | ₹20.40 Cr | +0.98% | — | — |
| LG Electronics India Ltd. | Consumer Discretionary | 1.30% | ₹20.31 Cr | +0.44% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.22% | ₹19.13 Cr | — | — | +0.80% |
| The Phoenix Mills Ltd. | Construction | 1.21% | ₹18.88 Cr | +1.45% | +1.64% | +0.77% |
| Sansera Engineering Ltd. | Automobile | 1.20% | ₹18.74 Cr | +0.98% | — | — |
| Reliance Industries Ltd. | Energy | 1.17% | ₹18.29 Cr | +1.58% | +2.46% | +2.21% |
| CarTrade Tech Ltd. | Services | 1.16% | ₹18.16 Cr | +0.78% | +0.66% | +1.50% |
| Kei Industries Ltd. | Capital Goods | 1.16% | ₹18.10 Cr | +1.43% | +1.96% | +1.81% |
| Persistent Systems Ltd. | Technology | 1.16% | ₹18.10 Cr | +0.44% | +0.53% | +0.79% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.11% | ₹17.41 Cr | +1.54% | +1.66% | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.09% | ₹16.99 Cr | +0.93% | — | — |
| RBL Bank Ltd. | Financial | 1.09% | ₹17.10 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 1.06% | ₹16.53 Cr | — | — | — |
| Max Financial Services Ltd. | Financial | 1.05% | ₹16.35 Cr | +1.92% | +2.51% | +1.37% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.04% | ₹16.18 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 1.04% | ₹16.27 Cr | — | +0.78% | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.02% | ₹16.00 Cr | +1.14% | +0.67% | — |
| Data Patterns (India) Ltd. | Capital Goods | 1.01% | ₹15.72 Cr | +2.12% | +1.73% | +1.21% |
| Zen Technologies Ltd. | Technology | 1.01% | ₹15.77 Cr | +0.78% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.00% | ₹15.68 Cr | +0.70% | +0.57% | +0.54% |
| company:14725 | Financial | 1.00% | ₹15.64 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.99% | ₹15.47 Cr | +1.10% | +1.17% | +1.25% |
| Arvind Ltd. | Textiles | 0.97% | ₹15.18 Cr | +0.61% | +0.46% | — |
| Acutaas Chemicals Ltd. | Healthcare | 0.93% | ₹14.52 Cr | +2.11% | +1.36% | +1.55% |
| Ultratech Cement Ltd. | Materials | 0.91% | ₹14.24 Cr | +1.26% | +1.56% | +0.65% |
| Shadowfax Technologies Ltd. | Services | 0.90% | ₹14.08 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 0.90% | ₹14.12 Cr | +0.80% | +1.06% | +1.03% |
| JSW Steel Ltd. | Metals & Mining | 0.88% | ₹13.75 Cr | +0.99% | +1.01% | — |
| Cummins India Ltd. | Capital Goods | 0.87% | ₹13.54 Cr | +2.34% | +2.01% | +2.39% |
| GE Vernova T&D India Ltd | Capital Goods | 0.86% | ₹13.47 Cr | +1.98% | +1.52% | +1.99% |
| Nippon Life India Asset Management Ltd. | Financial | 0.85% | ₹13.26 Cr | +0.92% | +1.48% | +1.68% |
| company:1697 | Financial | 0.77% | ₹11.98 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 0.69% | ₹10.81 Cr | +0.51% | +0.49% | +0.70% |
| KSB Ltd. | Capital Goods | 0.67% | ₹10.42 Cr | +1.26% | — | — |
| L&T Finance Ltd. | Financial | 0.64% | ₹10.03 Cr | — | +0.95% | — |
| Hitachi Energy India Ltd. | Capital Goods | 0.62% | ₹9.73 Cr | +1.78% | +1.22% | +1.69% |
| Azad Engineering Ltd. | Capital Goods | 0.61% | ₹9.55 Cr | +0.50% | — | — |
| company:1511 | Metals & Mining | 0.61% | ₹9.55 Cr | — | — | — |
| Timken India Ltd. | Capital Goods | 0.57% | ₹8.87 Cr | +0.75% | +0.58% | +0.84% |
| CreditAccess Grameen Ltd. | Financial | 0.53% | ₹8.26 Cr | +0.50% | +1.22% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.45% | ₹7.09 Cr | +0.52% | +1.81% | +1.21% |
| Jindal Steel Ltd. | Metals & Mining | 0.43% | ₹6.76 Cr | +1.15% | +1.22% | +0.45% |
| company:5338 | Metals & Mining | 0.31% | ₹4.91 Cr | — | — | — |
| company:38 | Chemicals | 0.24% | ₹3.81 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.05% | ₹0.74 Cr | +0.05% | +0.06% | +0.06% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.01% | ₹0.15 Cr | +0.01% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Maruti Suzuki India Ltd. | 1.22% | 0.00% | -1.22% |
| Fortis Healthcare Ltd. | 2.41% | 1.33% | -1.08% |
| Multi Commodity Exchange Of India Ltd. | 0.47% | 1.54% | +1.07% |
| company:14725 | 0.00% | 1.00% | +1.00% |
| Schneider Electric Infrastructure Ltd. | 0.90% | 0.00% | -0.90% |
| State Bank of India | 2.76% | 1.93% | -0.83% |
| Motherson Sumi Wiring India Ltd. | 0.80% | 0.00% | -0.80% |
| company:1697 | 0.00% | 0.77% | +0.77% |
| Ujjivan Small Finance Bank Ltd. | 1.88% | 1.11% | -0.77% |
| Others | -0.71% | 0.02% | +0.73% |
| company:1511 | 0.00% | 0.61% | +0.61% |
| HDFC Bank Ltd. | 3.45% | 2.86% | -0.59% |
| Adani Enterprises Ltd. | 0.49% | 1.06% | +0.57% |
| Inventurus Knowledge Solutions Ltd. | 0.52% | 0.00% | -0.52% |
| ICICI Bank Ltd. | 4.98% | 4.48% | -0.50% |
| KSB Ltd. | 1.16% | 0.67% | -0.49% |
| The Federal Bank Ltd. | 1.89% | 1.41% | -0.48% |
| Bharti Airtel Ltd. | 1.86% | 2.34% | +0.48% |
| Shriram Finance Ltd | 1.46% | 1.93% | +0.47% |
| One97 Communications Ltd. | 2.16% | 2.60% | +0.44% |
| Suzlon Energy Ltd. | 0.39% | 0.00% | -0.39% |
| Info Edge (India) Ltd. | 1.10% | 1.47% | +0.37% |
| Ather Energy Ltd. | 1.24% | 1.58% | +0.34% |
| PTC Industries Ltd. | 0.99% | 1.31% | +0.32% |
| company:5338 | 0.00% | 0.31% | +0.31% |
| Reliance Industries Ltd. | 1.45% | 1.17% | -0.28% |
| Ipca Laboratories Ltd. | 1.67% | 1.40% | -0.27% |
| Radico Khaitan Ltd. | 1.96% | 1.69% | -0.27% |
| Arvind Ltd. | 0.72% | 0.97% | +0.25% |
| Gabriel India Ltd. | 2.08% | 1.84% | -0.24% |
| company:38 | 0.00% | 0.24% | +0.24% |
| Marico Ltd. | 1.34% | 1.53% | +0.19% |
| LG Electronics India Ltd. | 1.12% | 1.30% | +0.18% |
| Coforge Ltd. | 2.01% | 2.18% | +0.17% |
| Sansera Engineering Ltd. | 1.06% | 1.20% | +0.14% |
| CreditAccess Grameen Ltd. | 0.66% | 0.53% | -0.13% |
| Cummins India Ltd. | 1.00% | 0.87% | -0.13% |
| Zen Technologies Ltd. | 0.89% | 1.01% | +0.12% |
| Karur Vysya Bank Ltd. | 2.53% | 2.41% | -0.12% |
| Navin Fluorine International Ltd. | 1.46% | 1.57% | +0.11% |
| Sun Pharmaceutical Industries Ltd. | 1.80% | 1.69% | -0.11% |
| Tata Motors Ltd. | 0.93% | 1.04% | +0.11% |
| Larsen & Toubro Ltd. | 2.96% | 2.86% | -0.10% |
| Ultratech Cement Ltd. | 1.01% | 0.91% | -0.10% |
| Azad Engineering Ltd. | 0.52% | 0.61% | +0.09% |
| Craftsman Automation Ltd. | 1.31% | 1.40% | +0.09% |
| Kei Industries Ltd. | 1.07% | 1.16% | +0.09% |
| Cholamandalam Investment and Finance Company Ltd. | 1.30% | 1.22% | -0.08% |
| Dixon Technologies (India) Ltd. | 2.07% | 2.15% | +0.08% |
| Torrent Pharmaceuticals Ltd. | 1.08% | 1.00% | -0.08% |
| Sai Life Sciences Ltd. | 1.65% | 1.72% | +0.07% |
| The Phoenix Mills Ltd. | 1.28% | 1.21% | -0.07% |
| Prestige Estates Projects Ltd. | 1.42% | 1.35% | -0.07% |
| Persistent Systems Ltd. | 1.22% | 1.16% | -0.06% |
| TVS Motor Company Ltd. | 0.96% | 0.90% | -0.06% |
| Mphasis Ltd. | 1.98% | 1.93% | -0.05% |
| Nippon Life India Asset Management Ltd. | 0.90% | 0.85% | -0.05% |
| Prudent Corporate Advisory Services Ltd. | 1.04% | 1.09% | +0.05% |
| SJS Enterprises Ltd. | 2.21% | 2.16% | -0.05% |
| Bharat Heavy Electricals Ltd. | 1.51% | 1.55% | +0.04% |
| RBL Bank Ltd. | 1.05% | 1.09% | +0.04% |
| Acutaas Chemicals Ltd. | 0.97% | 0.93% | -0.04% |
| CarTrade Tech Ltd. | 1.12% | 1.16% | +0.04% |
| Solar Industries India Ltd. | 1.35% | 1.39% | +0.04% |
| GE Vernova T&D India Ltd | 0.89% | 0.86% | -0.03% |
| JSW Steel Ltd. | 0.91% | 0.88% | -0.03% |
| Timken India Ltd. | 0.60% | 0.57% | -0.03% |
| K.P.R. Mill Ltd. | 0.66% | 0.69% | +0.03% |
| L&T Finance Ltd. | 0.66% | 0.64% | -0.02% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.01% | 0.99% | -0.02% |
| Amber Enterprises India Ltd. | 0.47% | 0.45% | -0.02% |
| Axis Bank Ltd. | 1.58% | 1.57% | -0.01% |
| Hitachi Energy India Ltd. | 0.63% | 0.62% | -0.01% |
| Max Financial Services Ltd. | 1.06% | 1.05% | -0.01% |
| Data Patterns (India) Ltd. | 1.01% | 1.01% | 0.00% |
| Honasa Consumer Ltd. | 1.02% | 1.02% | 0.00% |
| Jindal Steel Ltd. | 0.43% | 0.43% | 0.00% |
| Reserve Bank of India | 0.05% | 0.05% | 0.00% |
| Shadowfax Technologies Ltd. | 0.90% | 0.90% | 0.00% |
| Sona BLW Precision Forgings Ltd. | 1.04% | 1.04% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.01% | 0.01% | 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 | ₹5,292 Cr | 2.18% | 11.8% | 10.7% | — |
 Axis Multicap Fund | ₹11,985 Cr | 2.00% | 16.2% | 12.3% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.9% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 7.6% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.14% | 11.0% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 12.4% | 11.0% | — |
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 in equity and equity related instruments of large, mid and small cap companies.
Fund managers
- Harshad PatwardhanMr. Patwardhan is B.Tech from IIT, MBA from IIM and CFA.Prior to joining Union AMC, he was associated with Edelweiss AMC,Girik Wealth Advisors,JPMorgan Asset Management India Private Limited since June 2006 as CIO-Equities. Prior to that Mr. Patwardhan worked for two years with Deutsche Equities India Private Limited as a senior research analyst and has had extensive experience with several foreign brokerage houses covering a variety of sectors.
- 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
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 months17.23% absolute | ₹60,000 | ₹70,338 | 17.23% | |
| 1 year9.99% annualised | ₹1,20,000 | ₹1,26,696 | 5.58% | |
| 3 years13.62% annualised | ₹3,60,000 | ₹4,46,643 | 24.07% |
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 Multicap Fund?
The NAV of Union Multicap Fund is ₹17.28 as on 25 Sep 2026.
What is the expense ratio of Union Multicap Fund?
The expense ratio of Union Multicap Fund is 2.58% per year.
What is the minimum SIP amount for Union Multicap Fund?
You can start a SIP in Union Multicap Fund with ₹3,000 a month.
Is there a lock-in or exit load on Union Multicap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 15 days.
How risky is Union Multicap Fund?
Union Multicap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages Union Multicap Fund?
Union Multicap Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,513 Cr under management.