Union Multicap Fund
Union Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹16.7600 | — | — | — | — | — | — |
| Regular Growth | ₹16.0500 | +2.95% | -0.19% | -2.01% | +6.43% | +16.81% | — |
| Direct IDCW | ₹16.7600 | — | — | — | — | — | — |
| Regular IDCW | ₹16.0500 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
76
Top 5 Weight
12.25%
Top 10 Weight
22.68%
Active Share
—
Large Cap
33.97%
Gini
0.270
What Changed2026-03-31 → 2026-04-30
Holdings: 82 → 78+6 added−10 removed35 weight shifts ≥ 0.1%
| 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
Banks16.0%
Electrical Equipment7.5%
Auto Components7.5%
Industrial Products6.6%
Pharmaceuticals & Biotechnology4.8%
Insurance4.7%
Aerospace & Defense4.5%
Capital Markets4.2%
Finance3.7%
Ferrous Metals3.7%
Top 10 sectors by % to NAV. Excludes derivatives.