September 7, 2025
RA Jainee
Union Diversified Equity All Cap Active FoF
Union Diversified Equity All Cap Active FoF snapshot
| NFO opens on | 01 September 2025 |
| NFO Closes on | 15 September 2025 |
| Min. Investment | Rs. 1000 |
| Plans | Growth, IDCW |
| Sahifund Concise Verdict | This NFO may suit investors with a high risk appetite and 5+ year horizon, who are comfortable with all-cap, thematic equity exposure. Conservative investors or those seeking proven performance may be better served with established Flexicap funds. |
⏱️ Last Update: 07 September 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Union Diversified Equity All Cap Active FoF Open Date, Close Date?
NFO opens on September 01, 2025
NFO will close on September 15, 2025
Investment Strategy for this NFO?
The scheme seeks to provide capital appreciation over long term by predominantly investing in Equity Funds which are based on varied market caps and in accordance with the asset allocation of the FoF.
Basic Details
| Fund House | Union Mutual Fund |
| Issue Open | 01 September 2025 |
| Issue Close | 15 September 2025 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
| Riskometer | Very High |
| Benchmark | BSE 500 TRI |
About Benchmark Index for this NFO?
The BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index
covers all major industries in the Indian economy. It was launched on 9th August 1999
Methodology
1. The index is derived from the constituents of the BSE AllCap. The inclusion of DVRs in the index will result in more than 500 stocks in the
index. However, the number of companies in the index remains fixed at 500.
2. The following company data points are calculated for each eligible company for Index Construction.
• • Average daily total market capitalization
• • Annualized traded value
• • Trading frequency
For complete details please view the Methodology document at
https://www.bseindices.com/Downloads/BSE_Indices_Methodology.pdf
Quick Facts
| Launch Date | 9th August 1999 |
| First Vlaue Date | 1st February 1999 |
| Base Value | 1000 |
| Number of Constituents | 500 |
| Reconstitution Frequecy | Semiannually in June and December |
| Weighting Method | Float -adjusted market cap weighted |
| Index Universe | BSE AllCap |
| Calculation Currencies | INR, USD |
Fund Managers of Union Diversified Equity All Cap Active FoF
1) Gaurav Chopra
Education: Mr. Chopra has done B.Com, Chartered Accountant and CFA (Level III cleared)
Experience: Prior to joining Union Mutual Fund, he was associated with Centrum Portfolio Management Services- Centrum Broking Ltd., Barclays Wealth Trustees (India) Pvt. Ltd. and Sharp & Tanan Associates
2) Pratik Dharmshi
Education: Mr. Dharmshi has done B. Com & CA
Experience: Prior to joining Union AMC, he was associated with UTI Pension Fund Limited, Safe Enterprises, Girik Capital, Edelweiss AMC, JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.
AMC
Union Asset Management Company Pvt. Ltd.
Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059
Website: https://www.unionmf.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for Union Diversified Equity All Cap Active FoF @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of BSE 500 TRI
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MO | YTD* | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 46160.08 | -2.71% | 4.44% | 3.03% | -2.08% | 16.90% | 21.67% | 13.75% |
| PRICE RETURNS | 35981.74 | -2.87% | 3.87% | 2.25% | -3.20% | 15.49% | 20.19% | 12.35% |
Risk
| Index Level | ANNUALISED RISK | ANNUALISED RISK-ADJUSTED RETURNS | ||||||
| 1 YR | 3 YRS | 5 YRS | 10 YRS | 1 YR | 3 YRS | 5 YRS | 10 YRS | |
| TOTAL RETURNS | 15.49% | 13.94% | 14.12% | 17.25% | -0.13 | 1.2 | 1.53 | 0.8 |
| PRICE RETURNS | 15.48% | 13.89% | 14.10% | 17.29% | -0.21 | 1.1 | 1.43 | 0.71 |
Fundamentals
| PE | PB | DIV. YIELD% |
| 24.88 | 4.19 | 1.13 |
| NUMBER OF CONSTITUENTS | – |
| CONSTITUENT TOTAL MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 79635.68 |
| LARGEST TOTAL MARKET CAP | 1881419.72 |
| SMALLEST TOTAL MARKET CAP | 6007.18 |
| MEDIAN TOTAL MARKET CAP | 31044.73 |
| WEIGHT LARGEST CONSTITUENT [%] | 8.15 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 33.49 |
[A] Review of Benchmark Index – BSE 500 TRI
The BSE 500 TRI is among the broadest indices in India, covering companies across large, mid, and small caps, and spanning all key sectors of the economy.
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Performance Snapshot (as of Jul 2025):
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1-Year return: -2.08% (reflecting recent market correction)
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3-Year CAGR: 16.90%
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5-Year CAGR: 21.67%
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10-Year CAGR: 13.75%
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This highlights that despite short-term volatility, the benchmark has delivered superior long-term returns, validating its role as a yardstick for diversified equity strategies.
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Risk Profile: Annualized volatility ranges 14–17%, with risk-adjusted returns showing stability over 3–5 years, though weak in 1-year horizon.
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Valuation Metrics:
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PE: 24.88 | PB: 4.19 | Dividend Yield: 1.13%
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Top 10 stocks account for ~33% weight, ensuring both breadth and concentration in leaders like Reliance, HDFC Bank, TCS, etc.
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Insight: This benchmark provides exposure to India’s full equity market spectrum, but valuations remain elevated, making disciplined fund management crucial.
Past Performance of Gaurav Chopra
| Fund | Union Midcap Fund | It’s Benchmark | Union Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 2.06 | -1.72 | 2.99 | 3.27 |
| 3 Year | 19.31 | 22.80 | 9.95 | 12.40 |
| 5 Year | 26.03 | 28.04 | 10.85 | 15.05 |
| 7 Year | — | — | 10.28 | 11.53 |
| 10 Year | — | — | — | — |
As on 20-8-2025
Past Performance of Pratik Dharmshi
| Fund | Union Focused Fund | It’s Benchmark | Union Large & Midcap Fund | It’s Benchmark |
| 1 Year | 2.47 | 0.22 | 1.73 | 0.52 |
| 3 Year | 12.93 | 15.59 | 15.70 | 14.82 |
| 5 Year | 17.95 | 20.83 | 20.04 | 19.90 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 20-8-2025
[B] Review of Fund Managers
Gaurav Chopra
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Background: CA, CFA (Level III), with stints at Centrum PMS, Barclays Wealth, and Sharp & Tannan Associates.
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Track Record:
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Union Midcap Fund: 3-Year return 19.31% vs. benchmark 22.80% → marginal underperformance.
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Union Balanced Advantage Fund: 3-Year return 9.95% vs. benchmark 12.40% → again underperformance.
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Observation: Tends to be conservative, often trailing benchmark in bull phases.
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Pratik Dharmshi
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Background: CA, with experience across Edelweiss AMC, JP Morgan India, CRISIL, and UTI Pension Fund.
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Track Record:
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Union Focused Fund: 5-Year return 17.95% vs. benchmark 20.83% → underperformance.
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Union Large & Midcap Fund: 5-Year return 20.04% vs. benchmark 19.90% → marginal outperformance.
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Observation: More balanced, with occasional outperformance in diversified strategies.
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Insight: Both managers bring strong institutional pedigree, but past records show mixed performance, with a tendency towards slight benchmark lagging.
[C] Final Verdict – Should You Invest?
The Union Diversified Equity All Cap Active FoF offers investors exposure across large, mid, and small-cap equity funds, using the BSE 500 TRI as a broad market benchmark.
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Positives:
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Flexi-cap style through FoF approach, covering entire market spectrum.
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Backed by Union MF’s growing research team.
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Suitable for investors seeking all-cap equity allocation in one product.
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Concerns:
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Both fund managers have not consistently beaten benchmarks across past schemes.
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Being a Fund of Funds, expense ratios will be higher compared to direct equity funds.
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Very high risk profile – not suitable for short-term investors.
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Sahifund Verdict:
This NFO may suit investors with a high risk appetite and 5+ year horizon, who are comfortable with all-cap, thematic equity exposure. Conservative investors or those seeking proven performance may be better served with established Flexicap funds.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
It’s a thematic Fund-of-Funds investing across multiple market-cap equity funds, providing diversified exposure via a single product — unlike traditional Flexi Cap schemes.
While the NFO lacks historical returns, top peers like HDFC deliver ~29% CAGR over 5 years, and Parag Parikh offers ~25%, setting a high benchmark for comparison.
As a Fund-of-Funds, it may have a higher combined expense ratio compared to direct equity Flexi Cap funds — especially those like Parag Parikh that boast lower direct-plan costs (~0.63%).
Investors with a 5+ year horizon and very high risk appetite, looking for a diversified all-cap equity exposure via actively managed fund-of-funds strategy may find it appealing.
Is it good to invest in Union Diversified Equity All Cap Active FoF NFO?
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