Union Multicap Fund

Q: What are the returns of this mutual fund scheme?

The Union Multicap Fund is a 3 yrs 2 m old fund and has delivered average annual returns of 16.46% since inception. Union Multicap Fund Returns 1-Year 3-Year Since Inception 6.77% 17.84% 16.46%

Q: How much does this mutual fund charge as expense ratio?

The Union Multicap Fund has an expense ratio of 2.17% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.61-1.14% 1 day change	16.46% p.a.	App exclusive #NA View Ranked Funds	₹1,322 Cr

Historical NAV & returns

NAV: ₹15.61 as on Feb 02, 2026

This fund Category average

Union Multicap Fund overview

AUM (Fund size)	₹1,322 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 15 days!
Lock-in Period	Nil
Age	3 yrs 2 m since Nov 28, 2022
Benchmark	Nifty 500 Multicap 50:25:25 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.17% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Union Multicap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.34%	-5.4%
3 Months	-5.28%	-6.49%
6 Months	-0.7%	-2.68%
1 Year	6.77%	3.9%
2 Years	8.38%	7.14%
3 Years	17.84%	17.31%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 45.1%

Mid Cap 23.65%

Small Cap 28.04%

Other Cap 0%

Top holdings

HDFC Bank Ltd.4.8%

Reliance Industries Ltd.3.17%

ICICI Bank Ltd.3.1%

Larsen & Toubro Ltd.3.08%

Top sectors

Financial 26.17%

Capital Goods 12.729999999999999%

Automobile 12.219999999999997%

Technology 8.65%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.06%

Allocation by Instruments

Repo 3.66%

Treasury Bills 0.06%

Other Holdings

Others 3.66%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Multicap Fund	-5.34%	-0.7%	6.77%	17.84%	N.A.	N.A.
Nippon India Multi Cap Fund	-5.52%	-4.34%	6.26%	20.49%	22.19%	15.86%
ICICI Prudential Multicap Fund	-5.15%	-1.86%	4.6%	18.94%	16.91%	15.45%
Mahindra Manulife Multi Cap Fund	-4.91%	-1.13%	6.97%	20.13%	18.74%	13.24%
Baroda BNP Paribas Multi Cap Fund	-5.17%	-2.03%	1.06%	17.09%	17.0%	14.85%
ITI Multi Cap Fund	-5.57%	-1.53%	6.4%	18.81%	12.85%	8.64%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Multicap Fund	13.3	0.88	0.89	1.17
Nippon India Multi Cap Fund	13.26	0.87	1.04	1.56
ICICI Prudential Multicap Fund	12.44	0.82	1.01	1.63
Mahindra Manulife Multi Cap Fund	14.42	0.95	0.95	1.35
Baroda BNP Paribas Multi Cap Fund	13.8	0.9	0.8	1.0
ITI Multi Cap Fund	14.93	0.99	0.84	1.05

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Multicap Fund	N.A.	1,322 Cr	3 yrs 2 m	2.17%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	20 yrs 11 m	1.5%
ICICI Prudential Multicap Fund	N.A.	16,263 Cr	31 yrs 5 m	1.73%
Mahindra Manulife Multi Cap Fund	N.A.	6,133 Cr	8 yrs 9 m	1.79%
Baroda BNP Paribas Multi Cap Fund	N.A.	3,142 Cr	22 yrs 5 m	1.96%
ITI Multi Cap Fund	N.A.	1,349 Cr	6 yrs 9 m	1.97%

View all Multi Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.5 vs. 3.2 Underperformed at beating benchmark
Sharpe	0.89 vs. 3.14 Poor risk-adjusted returns
Beta	0.88 vs. 0.53 More sensitive to market's ups & downs
Standard deviation	13.3 vs. 6.98 More volatile performance

Compare Union Multicap Fund in detail with

About this fund

About Union Multicap Fund

Union Multicap Fund is a Multi Cap mutual fund scheme from Union Mutual Fund. This fund has been in existence for 3 yrs 2 m, having been launched on 28/11/2022. Union Multicap Fund has ₹1,322 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Multicap Fund as of 02/02/2026 is ₹15.61. The fund has an expense ratio of 2.17%, which is higher than what most other Multi Cap funds charge.

Union Multicap Fund returns of last 1-year are 6.30%. Since launch, it has delivered 15.31% average annual returns.
Union Multicap Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Capital Goods, Automobile, Technology, Services sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., Shriram Finance Ltd.

...

Fund AUM	1,322 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Sanjay Bembalkar

Mr. 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

Harshad Patwardhan

Mr. 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.

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.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 31, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Union Small Cap Fund	N.A.	1,744 Cr	4.48%	19.32%
Union Midcap Fund	N.A.	1,634 Cr	9.79%	19.14%
Union Value Fund	N.A.	371 Cr	9.53%	15.66%
Union Large & Midcap Fund	N.A.	943 Cr	6.78%	14.19%
Union ELSS Tax Saver Fund	N.A.	904 Cr	6.93%	14.15%
Union Flexi Cap Fund	N.A.	2,402 Cr	6.0%	13.63%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Union Multicap Fund?

The current Net Asset Value (NAV) of the Union Multicap Fund plan is approximately ₹15.61 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Union Multicap Fund is a 3 yrs 2 m old fund and has delivered average annual returns of 16.46% since inception.

Union Multicap Fund Returns

1-Year	3-Year	Since Inception
6.77%	17.84%	16.46%

How much does this mutual fund charge as expense ratio?

The Union Multicap Fund has an expense ratio of 2.17%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Union Multicap Fund currently has assets under management (AUM) or fund size valued at approximately 1,322 Cr as on Dec 31, 2025.

What are the top stock holdings of Union Multicap Fund?

The Union Multicap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	4.8%
Reliance Industries Ltd.	3.17%
ICICI Bank Ltd.	3.1%
Larsen & Toubro Ltd.	3.08%
Shriram Finance Ltd	2.81%
Bharti Airtel Ltd.	2.77%
Cummins India Ltd.	2.61%
Maruti Suzuki India Ltd.	2.38%
State Bank of India	2.24%
The Phoenix Mills Ltd.	2.19%

What are the top sectors Union Multicap Fund has invested in?

The Union Multicap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	26.17%
Capital Goods	12.729999999999999%
Automobile	12.219999999999997%
Technology	8.65%
Services	8.13%
Construction	5.74%
Healthcare	4.8%
Communication	3.91%
Energy	3.17%
Metals & Mining	2.91%

What is risk level of Union Multicap Fund?

This is a Multi Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Union Multicap Fund?

Redeeming your investments in the Union Multicap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Multi Cap

#NA

Return Outperformance: This fund has generated highest return amongst Multi Cap funds in the last 3 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 15 days