Union Small Cap Fund
Union Small Cap Fund is tilted toward industrials and financial services, with meaningful exposure to electrical equipment and auto components that position it for capex-led recovery themes. The manager's recent portfolio churn—swapping housing finance and consumer discretionary names for energy transition plays like GE Vernova and Ather Energy—signals conviction in infrastructure and clean energy tailwinds. The concentrated top-10 structure at one-third of assets suggests conviction bets rather than index-hugging, though the month's sharp +11% return reflects broader small-cap momentum as much as stock-picking acumen.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹59.2100 | +8.30% | — | — | — | — | — |
| Regular Growth | ₹53.1400 | +8.23% | +8.67% | +5.39% | +17.98% | +20.83% | +19.05% |
| Direct IDCW | ₹44.3200 | +8.31% | — | — | — | — | — |
| Regular IDCW | ₹46.1500 | +8.21% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Ather Energy Ltd. | 0.94% |
| Jubilant Ingrevia Ltd. | 0.81% |
| PNB Housing Finance Ltd. | 0.71% |
| PTC Industries Ltd. | 0.57% |
| CESC Ltd. | 0.38% |
| Prudent Corporate Advisory Services Ltd. | 0.23% |
| 364 Day Treasury Bills | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Acutaas Chemicals Ltd. INE00FF01025 | 4.72% |
| 2 | GE Vernova T&D India Ltd. INE200A01026 | 3.85% |
| 3 | Karur Vysya Bank Ltd. INE036D01028 | 3.71% |
| 4 | Navin Fluorine International Ltd. INE048G01026 | 3.62% |
| 5 | Multi Commodity Exchange of India Ltd. INE745G01043 | 3.52% |
| 6 | Gabriel India Ltd. INE524A01029 | 3.22% |
| 7 | Kirloskar Oil Engines Ltd. INE146L01010 | 2.92% |
| 8 | Data Patterns (India) Ltd. INE0IX101010 | 2.89% |
| 9 | S.J.S. Enterprises Ltd. INE284S01014 | 2.83% |
| 10 | Ujjivan Small Finance Bank Ltd. INE551W01018 | 2.61% |
| 11 | Hitachi Energy India Ltd. INE07Y701011 | 2.60% |
| 12 | Azad Engineering Ltd. INE02IJ01035 | 2.46% |
| 13 | KEI Industries Ltd. INE878B01027 | 2.45% |
| 14 | Amber Enterprises India Ltd. INE371P01015 | 2.26% |
| 15 | Eureka Forbes Ltd. INE0KCE01017 | 2.20% |
| 16 | Radico Khaitan Ltd. INE944F01028 | 2.07% |
| 17 | Krishna Institute of Medical Sciences Ltd. INE967H01025 | 1.93% |
| 18 | JB Chemicals & Pharmaceuticals Ltd. INE572A01036 | 1.93% |
| 19 | Kfin Technologies Ltd. INE138Y01010 | 1.85% |
| 20 | Sai Life Sciences Ltd. INE570L01029 | 1.70% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.