Union Multicap Fund
Union Mutual Fund · Multi Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
17.6100
1-day change
-0.96%
1Y return
7.4%
3Y CAGR
13.7%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 26 Dec 2022 to 1 Oct 2026
Returns vs Multi Cap median (32 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.6% | -5.0% |
| 3 months | -1.1% | -1.7% |
| 6 months | 14.9% | 13.5% |
| Year to date | 4.3% | 1.1% |
| 1 year | 7.4% | 4.1% |
| 3 years (CAGR) | 13.7% | 13.3% |
| 5 years (CAGR) | n/a | 12.9% |
| 7 years (CAGR) | n/a | 17.8% |
| 10 years (CAGR) | n/a | 14.3% |
| Since first NAV (CAGR) | 17.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.7% | 11.2% |
| 3Y rolling median | 18.1% | 18.1% |
| 3Y rolling worst | 13.7% | 11.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 100% |
| 5Y rolling median | n/a | 16.5% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 100% |
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.) | 15.9% | 16.3% |
| Sharpe ratio | 0.50 | 0.50 |
| Sortino ratio | 0.73 | 0.73 |
| Beta | 0.96 | 1.00 |
| Alpha (ann.) | 4.7% | 4.7% |
| Upside capture | 113.66 | 113.66 |
| Downside capture | 93.60 | 96.40 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −19.8% | −20.0% |
| Maximum drawdown, last 10Y | n/a | −38.0% |
| Maximum drawdown, last 5Y | n/a | −21.0% |
| Current drawdown | −6.3% | −6.3% |
| Recovery time of worst fall | 433 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.1)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.55% a year and the Direct plan's 1.37%, a gap of 1.18%; over the last 3 years the Direct plan returned 1.41 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 ₹25,47,717.
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 1.41% to 1.37% (AMFI TER disclosure)
- 25 Sep 2026: TER reduced from 1.42% to 1.41% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 1.41% to 1.42% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 1.42% to 1.41% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.41% to 1.42% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Harshad Patwardhan | FM 1 Co-manage | 1 Nov 2024 |
| Sanjay Bembalkar | FM 2 Co-manage | 1 Nov 2024 |
Objective: The investment objective of the Scheme is to achieve long term capital appreciation by investing in equity and equity related instruments of large, mid and small cap companies. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Stated asset allocation: Equity & Equity Related Instruments of Large Cap entity(ies)#: 25% - 50% of net assets, Equity & Equity Related Instruments of Mid Cap entity(ies)#: 25% - 50% of net assets, Equity & Equity Related Instruments of Small Cap entity(ies)#: 25% - 50% of net assets, Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI: 0% - 25% of net assets, Units issued by InvITs: 0% - 10% of net assets. #In accordance with Clause 3.9 of SEBI Master Circular for Mutual Funds dated March 20, 2026, Large Cap, Mid Cap and Small Cap are defined as follows: • Large Cap: 1st -100th company in terms of full market capitalization • Mid Cap: 101st - 250th company in terms…
Benchmark (tier 1): Nifty 500 Multicap 50:25:25 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 if redeemed or switched out after completion of 15 days from the date of allotment of units
Minimum application: ₹1,000
Allotment date: 19 Dec 2022
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 | 1.37% | 0.96% |
| AUM, whole scheme (₹ crore) | 1,516 | 3,377 |
| 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) | 9.3% | 0.4% TRI |
| Return, 3 years (AMFI) | 14.1% | 10.9% TRI |
Official benchmark: NIFTY 500 Multicap 50:25:25 Total Return Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Multi 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 | 4.3% | -7.8% | +12.0% |
| 2025 | 3.9% | 7.7% | −3.8% |
| 2024 | 24.0% | 15.6% | +8.4% |
| 2023 | 33.6% | 26.5% | +7.1% |
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 | ₹1,24,498 | 7.0% |
| 3 years | ₹3,60,000 | ₹4,11,826 | 8.9% |
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: Multi Cap
Plan / option: Direct · Growth
AMFI scheme code: 150858
ISIN: INF582M01IO7
First NAV in MFIC data: 26 Dec 2022
History: 3.8 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 Large & Midcap Fund | Large & Mid Cap | 0.99 | 11.9% |
| PGIM India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| Union Midcap Fund | Mid Cap | 0.98 | 15.4% |
| Aditya Birla Sun Life Multi-Cap Fund | Multi Cap | 0.98 | 13.3% |
| Aditya Birla Sun Life Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 10.0% |
| Axis Multicap Fund | Multi Cap | 0.98 | 18.3% |
Questions about Union Multicap Fund
- What is the latest NAV of Union Multicap Fund?
- The NAV of the Direct plan (growth option) was ₹17.6100 on 1 Oct 2026, as published by AMFI.
- Which category is Union Multicap Fund in?
- It is classified as Multi Cap in AMFI's daily NAV file; a Multi Cap scheme invests at least 25% each in large-, mid- and small-cap stocks. MFIC compares it with 32 Multi Cap schemes (Direct plans).
- What returns has Union Multicap Fund delivered?
- Over one year the NAV changed by 7.4%. The 3-year CAGR is 13.7% (category median 13.3%). 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 18.1%, the lowest was 13.7%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in Union Multicap Fund's NAV?
- The largest peak-to-trough fall in its available history was 19.8%.
- How volatile is Union Multicap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.9%, which is below the Multi Cap category median of 16.3%.
- What would a monthly SIP in Union Multicap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹4,11,826 on 1 Oct 2026, an annualised return (XIRR) of 8.9%. 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 Multicap Fund?
- The total expense ratio of the Direct plan is 1.37% a year, as disclosed to AMFI (median of Multi Cap Direct plans: 0.96%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Union Multicap Fund?
- Assets under management of the whole scheme were ₹1,516 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Union Multicap 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 Multicap Fund and how has it compared?
- Its official benchmark is the NIFTY 500 Multicap 50:25:25 Total Return Index. Over 3 years AMFI reports a return of 14.1% for this plan against 10.9% for the benchmark total return index. Past performance does not indicate future results.
- Who manages Union Multicap Fund?
- According to its Scheme Summary Document, Union Multicap Fund is managed by Harshad Patwardhan (since 1 Nov 2024), Sanjay Bembalkar (since 1 Nov 2024).
- What is the exit load of Union Multicap 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 if redeemed or switched out after completion of 15 days from the date of allotment of units Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Union Multicap 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 7.4% and the Regular plan's by 6.1%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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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.