Union Multicap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹17.69+0.74%1 day
- Return since launch
- 16.5%
- 52-week range
- ₹14.35 — ₹17.93
- AUM
- ₹1,516 Cr
Union Multicap Fund is a Multi Cap equity fund from Union Mutual Fund with ₹1,516 Cr under management, launched in 2022. Over three years it has returned 10.3% a year, against 13.7% for its category. The expense ratio is 2.54% 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 +8.1% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 14.5% | +9.9 pts | 4.6% | 7.5% |
| 2Y | 11.3% | +4.2 pts | 7.1% | 4.7% |
| 3Y | 10.3% | −3.4 pts | 13.7% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.3% | −0.3 pts | 4.6% | 5.1% |
| 3M | 0.2% | +1.1 pts | -0.9% | -0.7% |
| 6M | 7.9% | +2.2 pts | 5.8% | 5.1% |
| 1Y | 8.6% | +4.0 pts | 4.6% | 0.4% |
| 2Y | 6.5% | +2.8 pts | 3.7% | 1.5% |
| 3Y | 14.0% | +0.3 pts | 13.7% | 11.7% |
Since launch (28 Nov 2022): 16.5%
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
2.50%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.80%
- Brokerage
- 0.11%
- Transaction charges
- 0.01%
- Statutory levies
- 0.58%
- 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 | 4.10 | 6.57 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.91 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.49 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.61 | 0.85 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.95 | 16.72 | 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 30 Sep 2026
Asset allocation
- Equity92.7%
- Debt0.1%
- Other7.2%
Market cap split
- Large33.5%
- Mid32.3%
- Small34.2%
- P/E
- 32.16
- P/B
- 4.31
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.18% | ₹109 Cr | -0.94% | +0.68% | -2.50% |
| ICICI Bank Ltd. | Financial | 4.20% | ₹63.66 Cr | +4.45% | +2.55% | +3.73% |
| HDFC Bank Ltd. | Financial | 2.95% | ₹44.65 Cr | +4.60% | +0.98% | +4.52% |
| Larsen & Toubro Ltd. | Construction | 2.41% | ₹36.60 Cr | +3.55% | +1.76% | +1.92% |
| Karur Vysya Bank Ltd. | Financial | 2.32% | ₹35.22 Cr | +2.26% | +2.44% | +1.12% |
| One 97 Communications Ltd. | Services | 2.09% | ₹31.68 Cr | +1.26% | +0.80% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.07% | ₹31.44 Cr | — | +1.79% | — |
| SJS Enterprises Ltd. | Automobile | 2.02% | ₹30.57 Cr | +2.11% | +1.77% | +1.54% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.96% | ₹29.67 Cr | +0.46% | — | +1.76% |
| Sai Life Sciences Ltd. | Healthcare | 1.86% | ₹28.13 Cr | +1.60% | +1.35% | — |
| Gabriel India Ltd. | Automobile | 1.77% | ₹26.88 Cr | +1.85% | +1.56% | +2.33% |
| Mphasis Ltd. | Technology | 1.76% | ₹26.72 Cr | +1.20% | +1.27% | +0.98% |
| Radico Khaitan Ltd. | Consumer Staples | 1.70% | ₹25.72 Cr | +1.84% | +1.25% | — |
| State Bank of India | Financial | 1.69% | ₹25.55 Cr | +2.85% | +1.92% | +1.81% |
| Info Edge (India) Ltd. | Services | 1.65% | ₹24.95 Cr | — | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.64% | ₹24.88 Cr | +0.88% | +2.41% | +1.07% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.61% | ₹24.44 Cr | +0.43% | +0.47% | — |
| CarTrade Tech Ltd. | Services | 1.55% | ₹23.43 Cr | +1.15% | +0.67% | +1.38% |
| Navin Fluorine International Ltd. | Chemicals | 1.54% | ₹23.30 Cr | +1.53% | +1.47% | +0.88% |
| Axis Bank Ltd. | Financial | 1.53% | ₹23.13 Cr | +2.05% | +1.87% | — |
| Shriram Finance Ltd | Financial | 1.52% | ₹23.04 Cr | +1.50% | +1.44% | — |
| Marico Ltd. | Consumer Staples | 1.51% | ₹22.89 Cr | +0.98% | +0.79% | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.49% | ₹22.66 Cr | +2.11% | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.41% | ₹21.31 Cr | +1.68% | +1.18% | — |
| Sansera Engineering Ltd. | Automobile | 1.40% | ₹21.17 Cr | +1.05% | +0.49% | — |
| The Phoenix Mills Ltd. | Construction | 1.37% | ₹20.74 Cr | +1.52% | +1.41% | +1.21% |
| Ather Energy Ltd. | Automobile | 1.35% | ₹20.52 Cr | +1.16% | +0.67% | — |
| Bharti Airtel Ltd. | Communication | 1.35% | ₹20.43 Cr | +1.80% | +2.08% | +2.37% |
| PTC Industries Ltd. | Metals & Mining | 1.35% | ₹20.47 Cr | +0.99% | — | — |
| Craftsman Automation Ltd. | Automobile | 1.34% | ₹20.34 Cr | +1.30% | +1.15% | +0.61% |
| Coforge Ltd. | Technology | 1.33% | ₹20.13 Cr | +0.91% | — | +0.97% |
| Solar Industries India Ltd. | Chemicals | 1.31% | ₹19.79 Cr | +1.63% | +1.44% | +1.20% |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.28% | ₹19.41 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.20% | ₹18.13 Cr | +0.97% | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.16% | ₹17.63 Cr | +2.16% | +0.66% | — |
| Prestige Estates Projects Ltd. | Construction | 1.16% | ₹17.60 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 1.13% | ₹17.08 Cr | +0.35% | +1.44% | +0.65% |
| Reliance Industries Ltd. | Energy | 1.12% | ₹17.00 Cr | +1.48% | +2.91% | +1.11% |
| Adani Enterprises Ltd. | Services | 1.11% | ₹16.78 Cr | +0.51% | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.09% | ₹16.51 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.02% | ₹15.39 Cr | +1.60% | +1.84% | +1.00% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.01% | ₹15.26 Cr | +1.30% | — | +0.81% |
| Shadowfax Technologies Ltd. | Services | 1.01% | ₹15.27 Cr | — | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 0.99% | ₹15.07 Cr | +1.14% | +1.98% | +1.31% |
| Data Patterns (India) Ltd. | Capital Goods | 0.98% | ₹14.90 Cr | +2.25% | +1.82% | +1.16% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.98% | ₹14.86 Cr | +0.70% | +0.77% | +0.49% |
| Zydus Lifesciences Ltd. | Healthcare | 0.98% | ₹14.81 Cr | — | — | — |
| Arvind Ltd. | Textiles | 0.97% | ₹14.75 Cr | +0.72% | +0.50% | — |
| Aditya Birla Capital Ltd. | Financial | 0.96% | ₹14.54 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.96% | ₹14.56 Cr | +1.31% | — | — |
| Honasa Consumer Ltd. | Consumer Staples | 0.95% | ₹14.35 Cr | +1.23% | +0.73% | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.95% | ₹14.47 Cr | +0.97% | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.94% | ₹14.29 Cr | +1.10% | +1.18% | +1.03% |
| Zen Technologies Ltd. | Technology | 0.94% | ₹14.22 Cr | +1.00% | — | — |
| Max Financial Services Ltd. | Financial | 0.90% | ₹13.69 Cr | +1.16% | +2.30% | +1.01% |
| Ultratech Cement Ltd. | Materials | 0.90% | ₹13.63 Cr | +0.99% | +1.72% | +0.92% |
| TVS Motor Company Ltd. | Automobile | 0.88% | ₹13.35 Cr | +0.79% | +1.02% | +0.97% |
| JSW Steel Ltd. | Metals & Mining | 0.87% | ₹13.18 Cr | +0.91% | +1.00% | +0.75% |
| GE Vernova T&D India Ltd | Capital Goods | 0.84% | ₹12.73 Cr | +1.82% | +1.60% | +1.71% |
| Cummins India Ltd. | Capital Goods | 0.83% | ₹12.62 Cr | +1.95% | +2.05% | +2.70% |
| Nippon Life India Asset Management Ltd. | Financial | 0.80% | ₹12.11 Cr | +0.93% | +0.77% | +1.67% |
| KSB Ltd. | Capital Goods | 0.73% | ₹11.05 Cr | +1.46% | +1.25% | — |
| Welspun Corp Ltd. | Metals & Mining | 0.73% | ₹11.02 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 0.71% | ₹10.84 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 0.67% | ₹10.13 Cr | +0.76% | +0.50% | — |
| The Federal Bank Ltd. | Financial | 0.66% | ₹9.99 Cr | +1.79% | +1.97% | +1.02% |
| Azad Engineering Ltd. | Capital Goods | 0.65% | ₹9.89 Cr | +0.48% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 0.58% | ₹8.83 Cr | +1.44% | +1.28% | +1.22% |
| Timken India Ltd. | Capital Goods | 0.58% | ₹8.83 Cr | +0.69% | +0.60% | +0.79% |
| Hindustan Copper Ltd. | Metals & Mining | 0.57% | ₹8.59 Cr | — | — | — |
| MTAR Technologies Ltd. | Capital Goods | 0.55% | ₹8.32 Cr | — | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.52% | ₹7.87 Cr | +0.82% | +0.97% | +0.49% |
| Sumitomo Chemical India Ltd. | Chemicals | 0.48% | ₹7.27 Cr | — | — | +0.47% |
| Aarti Industries Ltd. | Chemicals | 0.47% | ₹7.07 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.44% | ₹6.66 Cr | — | +0.89% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.41% | ₹6.21 Cr | +0.49% | +1.84% | +1.21% |
| Reserve Bank of India | Financial | 0.05% | ₹0.74 Cr | +0.05% | +0.84% | +0.06% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Adani Ports and Special Economic Zone Ltd. | 0.00% | 1.28% | +1.28% |
| Kei Industries Ltd. | 1.16% | 0.00% | -1.16% |
| Bharti Airtel Ltd. | 2.34% | 1.35% | -0.99% |
| Zydus Lifesciences Ltd. | 0.00% | 0.98% | +0.98% |
| Coforge Ltd. | 2.18% | 1.33% | -0.85% |
| The Federal Bank Ltd. | 1.41% | 0.66% | -0.75% |
| MTAR Technologies Ltd. | 0.00% | 0.55% | +0.55% |
| CreditAccess Grameen Ltd. | 0.53% | 0.00% | -0.53% |
| ICICI Lombard General Insurance Company Ltd. | 0.00% | 0.52% | +0.52% |
| One 97 Communications Ltd. | 2.60% | 2.09% | -0.51% |
| Sumitomo Chemical India Ltd. | 0.00% | 0.48% | +0.48% |
| Larsen & Toubro Ltd. | 2.86% | 2.41% | -0.45% |
| Jindal Steel Ltd. | 0.43% | 0.00% | -0.43% |
| Welspun Corp Ltd. | 0.31% | 0.73% | +0.42% |
| Shriram Finance Ltd | 1.93% | 1.52% | -0.41% |
| CarTrade Tech Ltd. | 1.16% | 1.55% | +0.39% |
| Sun Pharmaceutical Industries Ltd. | 1.69% | 2.07% | +0.38% |
| Others | 0.02% | -0.30% | -0.32% |
| LG Electronics India Ltd. | 1.30% | 1.61% | +0.31% |
| ICICI Bank Ltd. | 4.48% | 4.20% | -0.28% |
| State Bank of India | 1.93% | 1.69% | -0.24% |
| Aarti Industries Ltd. | 0.24% | 0.47% | +0.23% |
| Ather Energy Ltd. | 1.58% | 1.35% | -0.23% |
| Cholamandalam Investment and Finance Company Ltd. | 1.22% | 1.01% | -0.21% |
| L&T Finance Ltd. | 0.64% | 0.44% | -0.20% |
| Sansera Engineering Ltd. | 1.20% | 1.40% | +0.20% |
| Prestige Estates Projects Ltd. | 1.35% | 1.16% | -0.19% |
| Dixon Technologies (India) Ltd. | 2.15% | 1.96% | -0.19% |
| Info Edge (India) Ltd. | 1.47% | 1.65% | +0.18% |
| Fortis Healthcare Ltd. | 1.33% | 1.16% | -0.17% |
| Mphasis Ltd. | 1.93% | 1.76% | -0.17% |
| The Phoenix Mills Ltd. | 1.21% | 1.37% | +0.16% |
| Max Financial Services Ltd. | 1.05% | 0.90% | -0.15% |
| Prudent Corporate Advisory Services Ltd. | 1.09% | 0.95% | -0.14% |
| SJS Enterprises Ltd. | 2.16% | 2.02% | -0.14% |
| Sai Life Sciences Ltd. | 1.72% | 1.86% | +0.14% |
| Shadowfax Technologies Ltd. | 0.90% | 1.01% | +0.11% |
| RBL Bank Ltd. | 1.09% | 1.20% | +0.11% |
| Multi Commodity Exchange Of India Ltd. | 1.54% | 1.64% | +0.10% |
| HDFC Bank Ltd. | 2.86% | 2.95% | +0.09% |
| Karur Vysya Bank Ltd. | 2.41% | 2.32% | -0.09% |
| Ujjivan Small Finance Bank Ltd. | 1.11% | 1.02% | -0.09% |
| Tata Motors Ltd. | 1.04% | 0.96% | -0.08% |
| Solar Industries India Ltd. | 1.39% | 1.31% | -0.08% |
| Gabriel India Ltd. | 1.84% | 1.77% | -0.07% |
| Honasa Consumer Ltd. | 1.02% | 0.95% | -0.07% |
| Zen Technologies Ltd. | 1.01% | 0.94% | -0.07% |
| Bharat Heavy Electricals Ltd. | 1.55% | 1.49% | -0.06% |
| IDBI Bank Ltd. | 0.77% | 0.71% | -0.06% |
| Acutaas Chemicals Ltd. | 0.93% | 0.99% | +0.06% |
| KSB Ltd. | 0.67% | 0.73% | +0.06% |
| Craftsman Automation Ltd. | 1.40% | 1.34% | -0.06% |
| Adani Enterprises Ltd. | 1.06% | 1.11% | +0.05% |
| Sona BLW Precision Forgings Ltd. | 1.04% | 1.09% | +0.05% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.99% | 0.94% | -0.05% |
| Nippon Life India Asset Management Ltd. | 0.85% | 0.80% | -0.05% |
| Reliance Industries Ltd. | 1.17% | 1.12% | -0.05% |
| Aditya Birla Capital Ltd. | 1.00% | 0.96% | -0.04% |
| Amber Enterprises India Ltd. | 0.45% | 0.41% | -0.04% |
| Axis Bank Ltd. | 1.57% | 1.53% | -0.04% |
| Azad Engineering Ltd. | 0.61% | 0.65% | +0.04% |
| Cummins India Ltd. | 0.87% | 0.83% | -0.04% |
| Hindustan Copper Ltd. | 0.61% | 0.57% | -0.04% |
| Hitachi Energy India Ltd. | 0.62% | 0.58% | -0.04% |
| PTC Industries Ltd. | 1.31% | 1.35% | +0.04% |
| Data Patterns (India) Ltd. | 1.01% | 0.98% | -0.03% |
| Navin Fluorine International Ltd. | 1.57% | 1.54% | -0.03% |
| Persistent Systems Ltd. | 1.16% | 1.13% | -0.03% |
| GE Vernova T&D India Ltd | 0.86% | 0.84% | -0.02% |
| Marico Ltd. | 1.53% | 1.51% | -0.02% |
| TVS Motor Company Ltd. | 0.90% | 0.88% | -0.02% |
| Torrent Pharmaceuticals Ltd. | 1.00% | 0.98% | -0.02% |
| K.P.R. Mill Ltd. | 0.69% | 0.67% | -0.02% |
| Ipca Laboratories Ltd. | 1.40% | 1.41% | +0.01% |
| JSW Steel Ltd. | 0.88% | 0.87% | -0.01% |
| Radico Khaitan Ltd. | 1.69% | 1.70% | +0.01% |
| Timken India Ltd. | 0.57% | 0.58% | +0.01% |
| Ultratech Cement Ltd. | 0.91% | 0.90% | -0.01% |
| company:20133 | 0.01% | 0.00% | -0.01% |
| Arvind Ltd. | 0.97% | 0.97% | 0.00% |
| Reserve Bank of India | 0.05% | 0.05% | 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 | ₹5,569 Cr | 2.19% | 14.5% | 11.0% | 14.9% |
 Axis Multicap Fund | ₹12,234 Cr | 1.97% | 19.1% | 12.5% | — |
 Mahindra Manulife Multi Cap Fund | ₹7,457 Cr | 2.18% | 15.0% | 10.7% | 14.9% |
 WhiteOak Capital Multi Cap Fund | ₹4,610 Cr | 2.21% | 10.6% | 10.4% | — |
 LIC MF Multi Cap Fund | ₹2,187 Cr | 2.15% | 12.8% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,357 Cr | 2.45% | 15.1% | 11.3% | — |
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 months7.93% absolute | ₹60,000 | ₹64,758 | 7.93% | |
| 1 year8.59% annualised | ₹1,20,000 | ₹1,25,733 | 4.78% | |
| 3 years14.00% annualised | ₹3,60,000 | ₹4,49,411 | 24.84% |
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 ₹17.69 as on 9 Nov 2026.
What is the expense ratio of Union Multicap Fund?
The expense ratio of Union Multicap Fund is 2.54% 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 ₹28,977 Cr under management.