Union Multicap Fund
Union Multicap is tilted toward financials and capital goods, reflecting conviction in banking strength and infrastructure-led growth. The manager significantly boosted cash reserves and rotated out of large-cap heavyweights like Reliance and pharma to add smaller-cap defense and auto-component plays, signaling a shift toward quality micro-trends over mega-cap stability. This reshuffling suggests cautious optimism on selective pockets rather than broad-market confidence.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.9000 | — | — | — | — |
| Regular Growth | ₹16.1700 | +1.95% | +6.10% | +16.91% | — |
| Direct IDCW | ₹16.9000 | — | — | — | — |
| Regular IDCW | ₹16.1700 | — | — | — | — |
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. | 1.95% |
| PTC Industries Ltd. | 0.99% |
| Eternal Ltd. | 0.97% |
| Prudent Corporate Advisory Services Ltd. | 0.63% |
| Azad Engineering Ltd. | 0.54% |
| 364 Day Treasury Bills | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 4.37% |
| 2 | Multi Commodity Exchange of India Ltd. INE745G01043 | 2.67% |
| 3 | ICICI Bank Ltd. INE090A01021 | 2.61% |
| 4 | Karur Vysya Bank Ltd. INE036D01028 | 2.39% |
| 5 | HDFC Bank Ltd. INE040A01034 | 2.30% |
| 6 | Bharat Electronics Ltd. INE263A01024 | 2.28% |
| 7 | Max Financial Services Ltd. INE180A01020 | 2.18% |
| 8 | Data Patterns (India) Ltd. INE0IX101010 | 2.18% |
| 9 | Cummins India Ltd. INE298A01020 | 2.14% |
| 10 | State Bank of India INE062A01020 | 1.97% |
| 11 | Bharti Airtel Ltd. INE397D01024 | 1.96% |
| 12 | Bharat Heavy Electricals Ltd. INE257A01026 | 1.95% |
| 13 | Larsen & Toubro Ltd. INE018A01030 | 1.93% |
| 14 | S.J.S. Enterprises Ltd. INE284S01014 | 1.84% |
| 15 | Axis Bank Ltd. INE238A01034 | 1.82% |
| 16 | Acutaas Chemicals Ltd. INE00FF01025 | 1.78% |
| 17 | Reliance Industries Ltd. INE002A01018 | 1.75% |
| 18 | GE Vernova T&D India Ltd. INE200A01026 | 1.75% |
| 19 | Gabriel India Ltd. INE524A01029 | 1.73% |
| 20 | Schneider Electric Infrastructure Ltd. INE839M01018 | 1.70% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Union Multicap Fund hold?
Union Multicap Fund holds 76 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 12.25% of NAV.
What is the largest holding in Union Multicap Fund?
The largest position in Union Multicap Fund is TREPS, accounting for 4.37% of NAV.
Is Union Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.270, Union Multicap Fund is well-diversified. The HHI concentration index is 14,517 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 12.25% of the portfolio.
What is the market cap allocation of Union Multicap Fund?
Based on SEBI's AMFI classification, Union Multicap Fund's equity portfolio is split as: Large Cap: 33.97%, Mid Cap: 23.48%, Small Cap: 33.49%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Multicap Fund invest in most?
Union Multicap Fund has the highest allocation to Banks (16.01%), Electrical Equipment (7.52%), Auto Components (7.45%). The fund is invested across 31 sectors in total.
How actively managed is Union Multicap Fund compared to other Multi Cap Fund funds?
Union Multicap Fund has an Active Share of 62.37%, classifying it as "Active Stock Picker" among 30 Multi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Union Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Multicap Fund added 6 new stocks (including Bharat Heavy Electricals Ltd.) and exited 10 stocks (including Sun Pharmaceutical Industries Ltd.). Total holding count decreased from 82 to 78 stocks.