Union Large and Mid Cap Fund
Union Large & Midcap Fund is heavily weighted toward financial services, particularly banks, positioning it to benefit from credit growth and rising rates while maintaining exposure to industrial cyclicals and pharmaceuticals. The manager's conviction in financials is evident—six banking stocks anchor the portfolio—but recent additions of defensive plays like NTPC and HUL alongside exits of tech and commodities suggest a tactical pivot toward stability and dividend-paying quality over growth momentum. The modest cash buffer and concentrated top-10 holding indicate conviction-driven stock picking rather than broad diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹27.2400 | — | — | — | — | — | — |
| Regular Growth | ₹25.1600 | +1.08% | -2.63% | -3.82% | +3.41% | +13.96% | +14.28% |
| Direct IDCW | ₹27.2400 | — | — | — | — | — | — |
| Regular IDCW | ₹25.1600 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Bharat Heavy Electricals Ltd. | 1.11% |
| Hindustan Unilever Ltd. | 0.69% |
| NTPC Ltd. | 0.35% |
| Aegis Vopak Terminals Ltd. | 0.30% |
| ABB India Ltd. | 0.20% |
| 364 Day Treasury Bills | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 3.31% |
| 2 | ICICI Bank Ltd. INE090A01021 | 3.13% |
| 3 | Reliance Industries Ltd. INE002A01018 | 3.00% |
| 4 | The Federal Bank Ltd. INE171A01029 | 2.72% |
| 5 | Shriram Finance Ltd. INE721A01047 | 2.59% |
| 6 | State Bank of India INE062A01020 | 2.47% |
| 7 | Max Financial Services Ltd. INE180A01020 | 2.41% |
| 8 | Bharti Airtel Ltd. INE397D01024 | 2.09% |
| 9 | Bharat Electronics Ltd. INE263A01024 | 2.02% |
| 10 | TREPS | 2.01% |
| 11 | Fortis Healthcare Ltd. INE061F01013 | 1.99% |
| 12 | JSW Energy Ltd. INE121E01018 | 1.97% |
| 13 | Larsen & Toubro Ltd. INE018A01030 | 1.92% |
| 14 | CG Power and Industrial Solutions Ltd. INE067A01029 | 1.86% |
| 15 | Solar Industries India Ltd. INE343H01029 | 1.77% |
| 16 | Jindal Steel Ltd. INE749A01030 | 1.71% |
| 17 | The Phoenix Mills Ltd. INE211B01039 | 1.67% |
| 18 | Kotak Mahindra Bank Ltd. INE237A01036 | 1.59% |
| 19 | Acutaas Chemicals Ltd. INE00FF01025 | 1.59% |
| 20 | L&T Finance Ltd. INE498L01015 | 1.58% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.