Union Largecap Fund
Union Largecap is heavily tilted toward financial services, with banks commanding nearly a quarter of the portfolio while maintaining meaningful exposure to infrastructure and energy plays. The manager's conviction in quality remains evident through concentrated bets on sector stalwarts like ICICI and HDFC banks, though the marginal cash buildup suggests some caution. Recent portfolio tweaks signal tactical positioning rather than strategic shifts, keeping the fund squarely positioned for large-cap stability with a financial sector bet.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹24.0800 | — | — | — | — |
| Regular Growth | ₹22.5100 | -1.62% | -3.31% | +10.07% | +10.52% |
| Direct IDCW | ₹24.0800 | — | — | — | — |
| Regular IDCW | ₹22.5100 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| 364 Day Treasury Bills | 0.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 8.36% |
| 2 | HDFC Bank Ltd. INE040A01034 | 6.85% |
| 3 | Reliance Industries Ltd. INE002A01018 | 6.03% |
| 4 | State Bank of India INE062A01020 | 4.89% |
| 5 | Larsen & Toubro Ltd. INE018A01030 | 3.93% |
| 6 | Bharti Airtel Ltd. INE397D01024 | 3.67% |
| 7 | Infosys Ltd. INE009A01021 | 2.97% |
| 8 | NTPC Ltd. INE733E01010 | 2.73% |
| 9 | Tata Consumer Products Ltd. INE192A01025 | 2.62% |
| 10 | Mahindra & Mahindra Ltd. INE101A01026 | 2.61% |
| 11 | Axis Bank Ltd. INE238A01034 | 2.60% |
| 12 | Bharat Electronics Ltd. INE263A01024 | 2.52% |
| 13 | Solar Industries India Ltd. INE343H01029 | 2.46% |
| 14 | Torrent Pharmaceuticals Ltd. INE685A01028 | 2.38% |
| 15 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.15% |
| 16 | Titan Company Ltd. INE280A01028 | 2.12% |
| 17 | Eternal Ltd. INE758T01015 | 2.05% |
| 18 | Maruti Suzuki India Ltd. INE585B01010 | 1.92% |
| 19 | Hitachi Energy India Ltd. INE07Y701011 | 1.91% |
| 20 | LG Electronics India Ltd. INE324D01010 | 1.81% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Union Largecap Fund hold?
Union Largecap Fund holds 54 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 30.06% of NAV.
What is the largest holding in Union Largecap Fund?
The largest position in Union Largecap Fund is ICICI Bank Ltd., accounting for 8.36% of NAV in the Banks sector.
Is Union Largecap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.423, Union Largecap Fund is well-diversified. The HHI concentration index is 32,296 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 30.06% of the portfolio.
What is the market cap allocation of Union Largecap Fund?
Based on SEBI's AMFI classification, Union Largecap Fund's equity portfolio is split as: Large Cap: 86.73%, Mid Cap: 8.34%, Small Cap: 1.09%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Largecap Fund invest in most?
Union Largecap Fund has the highest allocation to Banks (24.85%), Automobiles (6.04%), IT - Software (6.03%). The fund is invested across 28 sectors in total.
How actively managed is Union Largecap Fund compared to other Large Cap Fund funds?
Union Largecap Fund has an Active Share of 34.03%, classifying it as "Balanced Approach" among 33 Large Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Union Largecap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Largecap Fund added 1 new stock (including 364 Day Treasury Bills) and exited 2 stocks (including Info Edge (India) Ltd.). Total holding count decreased from 57 to 56 stocks.