April 23, 2026
RA Jainee
Union Multicap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.81 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 16.81 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 1,184 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.06% |
| 1 Year Return (%) | 10.09 |
| 3 Year Return (%) | 20.20 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 16.81% |
⚖️ Sahifund Review – Union Multicap Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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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?
Multi-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
4. With a 5+ year investment horizon
5. 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 in equity and equity related instruments of large, mid and small cap companies.
Fund Manager:
1) Harshad Patwardhan
Education: Mr. Patwardhan is B.Tech from IIT, MBA from IIM and CFA.
Experience: 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.
2) 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
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) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Multicap Fund
| Fund House | Union Mutual Fund |
| Launch Date | 19-Dec-22 |
| Return Since Launch | 16.81% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,184 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.06% |
| (As on 31-Mar-2026) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 110.00% |
Union Multicap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Multicap Dir | -0.47 | 0.12 | 8.59 | 3.57 | -0.88 | 10.09 | 20.20 | — | — | — |
| VR Multicap TRI | -2.67 | 0.10 | 9.23 | 1.86 | -2.93 | 5.49 | 18.84 | — | — | — |
| Equity: Multi Cap | -1.30 | 0.14 | 9.24 | 2.93 | -1.81 | 7.32 | 20.75 | — | — | — |
| Rank within category | 16 | 18 | 26 | 14 | 12 | 8 | 10 | — | — | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 35 | 19 | 8 | 0 | 0 |
Peer Comparison of Union Multicap 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 Multicap Dir | 3 star | 10.09 | 20.20 | — | 1.06 | 1,184 | 16.81 | 1.00 (15) | 3Y 4M | 110.00 |
| Nippon India Multi Cap Dir | 5 star | 8.37 | 22.88 | 23.15 | 0.73 | 46,321 | 16.18 | 1.00 (365) | 13Y 3M | 28.00 |
| Kotak Multicap Dir | 5 star | 11.15 | 25.29 | — | 0.45 | 22,095 | 17.60 | 1.00 (365) | 4Y 6M | 49.85 |
| ICICI Pru Multicap Dir | 4 star | 9.81 | 22.63 | 19.75 | 0.96 | 14,681 | 16.33 | 1.00 (30) | 13Y 3M | 94.00 |
| Axis Multicap Dir | 4 star | 7.54 | 24.02 | — | 0.57 | 8,543 | 15.67 | 1.00 (365) | 4Y 4M | 50.00 |
Union Multicap Fund Portfolio
| No. of Stocks | 77 |
| Top 10 Stocks | 23.07% |
| Top 5 Stocks | 12.69% |
| Top 3 Sectors | 63.32% |
| Portfolio P/B Ratio | 4.25 |
| Portfolio P/E Ratio | 31.73 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 83,025 | 83,805 |
| Giant (%) | — | — |
| Large (%) | 40.55 | 42.17 |
| Mid (%) | 26.99 | 28.59 |
| Small (%) | 32.46 | 29.24 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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