March 26, 2026
RA Jainee
Union Flexi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 51.98 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 45.41 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 500 TRI |
| AUM Rs. | 2,349 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.93% |
| 1 Year Return (%) | -1.14 |
| 3 Year Return (%) | 14.79 |
| 5 Year Return (%) | 13.07 |
| 10 Year Return (%) | 13.78 |
| Return Since Launch | 12.49% |
⚖️ Sahifund Review – Union Flexi Cap Fund ✔
PLUS: Stability, track record, cost efficiency
✓ Decent long-term consistency with 13%+ returns across 5–10 years, showing it can create wealth over a full market cycle.
✓ Has slightly outperformed BSE 500 TRI over 3 and 5 years, which supports its benchmark relevance.
✓ Expense ratio of 0.93% is reasonable for an actively managed flexi cap fund.
✓ Portfolio is well diversified with 69 stocks, reducing single-stock concentration risk.
✓ Flexi-cap structure gives freedom to move across large, mid and small caps, making it SIP-friendly for long-term investors.
✓ Backed by Union Mutual Fund, and the fund remains relevant for investors seeking one diversified equity allocation.
MINUS: Large AUM, large-cap bias, momentum lag
⚖️ 1-year return remains weak, indicating recent momentum has not been impressive.
⚖️ Has underperformed stronger peers like Parag Parikh and HDFC Flexi Cap over longer periods.
⚖️ Turnover at 72% is high, which suggests more churn and can affect consistency.
⚖️ Portfolio still carries a large-cap tilt (~66%), which may reduce alpha in aggressive bull phases.
⚖️ Valuation profile (P/E ~27.8) is not cheap, so upside may be more market-dependent.
Sahifund View (Decisive Line):
A decent, balanced flexi cap fund for patient SIP investors — but those seeking category-leading alpha may find better alternatives.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
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 Manager:
1) Sanjay Bembalkar
Education: Mr. Bembalkar has done B.Com, M.Sc. (Accounting and Finance), ACA, CFA Charterholder.
Experience: 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
2) Vinod Malviya
Education: Mr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)
Experience: Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Flexi Cap Fund
| Fund House | Union Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.49% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,349 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.93% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 72.00% |
Union Flexi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Flexi Cap Dir | -10.78 | 2.18 | -9.68 | -11.01 | -9.41 | -1.14 | 14.79 | 13.07 | 14.51 | 13.78 |
| BSE 500 TRI | -11.74 | 1.95 | -9.62 | -11.66 | -9.05 | -1.62 | 14.57 | 12.52 | 13.22 | 13.90 |
| Equity: Flexi Cap | -10.75 | 2.05 | -9.07 | -10.99 | -9.20 | -1.06 | 15.54 | 13.03 | 13.43 | 14.13 |
| Rank within category | 57 | 39 | 88 | 53 | 62 | 42 | 43 | 25 | 14 | 22 |
| Number of funds in category | 114 | 119 | 116 | 113 | 108 | 96 | 73 | 57 | 45 | 36 |
Peer Comparison of Union Flexi Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Union Flexi Cap Dir | 3 star | -1.14 | -1.14 | 13.07 | 0.93 | 2,349 | 12.49 | 1.00 (15) | 13Y 2M | 72.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 0.08 | 0.08 | 16.74 | 0.63 | 1,34,253 | 18.35 | 2.00 (365) | 12Y 10M | 15.37 |
| HDFC Flexi Cap Dir | 5 star | 1.07 | 1.07 | 19.40 | 0.70 | 1,00,455 | 15.71 | 1.00 (365) | 13Y 2M | 9.45 |
| SBI Focused Dir | 5 star | 5.66 | 5.66 | 14.24 | 0.73 | 43,311 | 14.89 | 0.25 (30) | 13Y 2M | 33.00 |
| HDFC Focused Dir | 4 star | 0.27 | 0.27 | 20.95 | 0.63 | 27,136 | 14.58 | 1.00 (365) | 13Y 2M | 10.36 |
Union Flexi Cap Fund Portfolio
| No. of Stocks | 69 |
| Top 10 Stocks | 34.92% |
| Top 5 Stocks | 21.63% |
| Top 3 Sectors | 62.11% |
| Portfolio P/B Ratio | 3.96 |
| Portfolio P/E Ratio | 27.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,99,084 | 1,80,281 |
| Giant (%) | — | — |
| Large (%) | 66.18 | 62.49 |
| Mid (%) | 16.04 | 21.89 |
| Small (%) | 17.77 | 15.99 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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