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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹27.5100 | — | — | — | — |
| Regular Growth | ₹25.4100 | +0.43% | +2.96% | +14.27% | +14.50% |
| Direct IDCW | ₹27.5100 | — | — | — | — |
| Regular IDCW | ₹25.4100 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Union Large and Mid Cap Fund hold?
Union Large and Mid Cap Fund holds 75 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.75% of NAV.
What is the largest holding in Union Large and Mid Cap Fund?
The largest position in Union Large and Mid Cap Fund is HDFC Bank Ltd., accounting for 3.31% of NAV in the Banks sector.
Is Union Large and Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.283, Union Large and Mid Cap Fund is well-diversified. The HHI concentration index is 16,126 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.75% of the portfolio.
What is the market cap allocation of Union Large and Mid Cap Fund?
Based on SEBI's AMFI classification, Union Large and Mid Cap Fund's equity portfolio is split as: Large Cap: 43.46%, Mid Cap: 37.37%, Small Cap: 14.17%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Large and Mid Cap Fund invest in most?
Union Large and Mid Cap Fund has the highest allocation to Banks (17.45%), Pharmaceuticals & Biotechnology (8.42%), Auto Components (5.94%). The fund is invested across 31 sectors in total.
How actively managed is Union Large and Mid Cap Fund compared to other Large & Mid Cap Fund funds?
Union Large and Mid Cap Fund has an Active Share of 53.47%, classifying it as "Active Stock Picker" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Union Large and Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Large and Mid Cap Fund added 6 new stocks (including Bharat Heavy Electricals Ltd.) and exited 5 stocks (including Info Edge (India) Ltd.). Total holding count increased from 76 to 77 stocks.