Union Flexi Cap Fund
Union Mutual Fund · Flexi Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
56.6700
1-day change
-0.68%
1Y return
-0.3%
3Y CAGR
10.1%
5Y CAGR
9.6%
Max drawdown, 5Y
−18.9%
NAV history month-end NAV, ₹ · 2 Jan 2013 to 1 Oct 2026
Returns vs Flexi Cap median (46 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.9% | -5.5% |
| 3 months | -2.9% | -2.7% |
| 6 months | 9.9% | 9.8% |
| Year to date | -2.7% | -2.7% |
| 1 year | -0.3% | 0.2% |
| 3 years (CAGR) | 10.1% | 11.0% |
| 5 years (CAGR) | 9.6% | 10.1% |
| 7 years (CAGR) | 15.7% | 14.6% |
| 10 years (CAGR) | 13.0% | 13.0% |
| Since first NAV (CAGR) | 12.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.2% | 11.7% |
| 3Y rolling median | 13.7% | 16.7% |
| 3Y rolling worst | -5.2% | 0.2% |
| 3Y periods positive | 99% | 100% |
| 3Y periods ahead of benchmark | 83% | 83% |
| 5Y rolling median | 14.1% | 15.8% |
| 5Y rolling worst | -2.7% | 1.9% |
| 5Y periods ahead of benchmark | 100% | 77% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 15.2% | 15.6% |
| Sharpe ratio | 0.28 | 0.35 |
| Sortino ratio | 0.39 | 0.52 |
| Beta | 0.94 | 0.96 |
| Alpha (ann.) | 1.0% | 2.3% |
| Upside capture | 99.43 | 101.88 |
| Downside capture | 95.45 | 95.74 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −35.4% | −29.9% |
| Maximum drawdown, last 10Y | −35.4% | −36.7% |
| Maximum drawdown, last 5Y | −18.9% | −20.0% |
| Current drawdown | −5.9% | −6.7% |
| Recovery time of worst fall | 177 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.54% a year and the Direct plan's 1.50%, a gap of 1.04%; over the last 3 years the Direct plan returned 1.23 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹22,27,646.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.55% to 1.50% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 1.54% to 1.55% (AMFI TER disclosure)
- 22 Sep 2026: TER reduced from 1.55% to 1.54% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.54% to 1.55% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Sanjay Bembalkar | FM 1 Co-manage | 25 Jan 2023 |
| Vinod Malviya | FM 2 Co-manage | 1 Nov 2024 |
Objective: The investment objective of the Scheme is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities across market capitalisation. However, there can be no assurance that the investment objective of the scheme will be achieved.
Stated asset allocation: Equity & Equity related instruments: 65%- 100% of net assets, Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI: 0%- 35% of net assets, Units issued by InvITs, 0% to 10% of net assets. Please refer the Scheme Information Document for complete details.
Benchmark (tier 1): BSE 500 Index (TRI)
Exit load: 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.
Minimum application: ₹1,000
Allotment date: 10 Jun 2011
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.50% | 0.91% |
| AUM, whole scheme (₹ crore) | 2,320 | 4,704 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 1.3% | -2.3% TRI |
| Return, 3 years (AMFI) | 10.3% | 9.2% TRI |
| Return, 5 years (AMFI) | 9.7% | 8.9% TRI |
| Month-ends above category median (3Y CAGR) | 43% | 47% median |
| Month-ends in category top quartile (3Y) | 12% | 25% median |
| 7Y rolling CAGR, median (monthly windows) | 13.9% | 14.8% median |
Official benchmark: BSE 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Flexi Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -2.7% | -7.8% | +5.0% |
| 2025 | 4.2% | 7.7% | −3.5% |
| 2024 | 18.2% | 15.6% | +2.6% |
| 2023 | 29.0% | 26.5% | +2.4% |
| 2022 | 0.1% | 3.8% | −3.7% |
| 2021 | 38.3% | 30.6% | +7.6% |
| 2020 | 21.8% | 17.2% | +4.6% |
| 2019 | 12.4% | n/a | – |
| 2018 | -2.8% | n/a | – |
| 2017 | 28.4% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,19,334 | -1.0% |
| 3 years | ₹3,60,000 | ₹3,82,618 | 4.0% |
| 5 years | ₹6,00,000 | ₹7,57,882 | 9.3% |
| 10 years | ₹12,00,000 | ₹24,26,379 | 13.5% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Union Mutual Fund
Category: Flexi Cap
Plan / option: Direct · Growth
AMFI scheme code: 119292
ISIN: INF582M01633
First NAV in MFIC data: 2 Jan 2013
History: 13.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund | ELSS | 0.99 | 9.3% |
| PGIM India Large and Midcap Fund | Large & Mid Cap | 0.98 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.98 | n/a |
| Union Large & Midcap Fund | Large & Mid Cap | 0.98 | 11.9% |
| Franklin India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.98 | n/a |
Questions about Union Flexi Cap Fund
- What is the latest NAV of Union Flexi Cap Fund?
- The NAV of the Direct plan (growth option) was ₹56.6700 on 1 Oct 2026, as published by AMFI.
- Which category is Union Flexi Cap Fund in?
- It is classified as Flexi Cap in AMFI's daily NAV file; a Flexi Cap scheme invests at least 65% in equities without fixed limits across company sizes. MFIC compares it with 46 Flexi Cap schemes (Direct plans).
- What returns has Union Flexi Cap Fund delivered?
- Over one year the NAV changed by -0.3%. The 3-year CAGR is 10.1% (category median 11.0%) and the 5-year CAGR is 9.6% (category median 10.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 13.7%, the lowest was -5.2%, and 99% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 83% of those periods.
- What was the largest fall in Union Flexi Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 35.4%; within the last five years it was 18.9% (category median 20.0%).
- How volatile is Union Flexi Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.2%, which is below the Flexi Cap category median of 15.6%.
- What would a monthly SIP in Union Flexi Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,57,882 on 1 Oct 2026, an annualised return (XIRR) of 9.3%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Union Flexi Cap Fund?
- The total expense ratio of the Direct plan is 1.50% a year, as disclosed to AMFI (median of Flexi Cap Direct plans: 0.91%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Union Flexi Cap Fund?
- Assets under management of the whole scheme were ₹2,320 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Union Flexi Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Union Flexi Cap Fund and how has it compared?
- Its official benchmark is the BSE 500 TRI. Over 3 years AMFI reports a return of 10.3% for this plan against 9.2% for the benchmark total return index; over 5 years 9.7% against 8.9%. Past performance does not indicate future results.
- How often has Union Flexi Cap Fund beaten its category?
- At 43% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Flexi Cap schemes (Direct plans); it was in the top quarter at 12% of them. A typical scheme would show about 50%.
- Who manages Union Flexi Cap Fund?
- According to its Scheme Summary Document, Union Flexi Cap Fund is managed by Sanjay Bembalkar (since 25 Jan 2023), Vinod Malviya (since 1 Nov 2024).
- What is the exit load of Union Flexi Cap Fund?
- As stated in its scheme documents: 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Union Flexi Cap Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, SWP - Rs. 500, STP - Rs. 100.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -0.3% and the Regular plan's by -1.4%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.