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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹59.4500 | +6.41% | — | — | — |
| Regular Growth | ₹53.3500 | +6.34% | +16.74% | +20.74% | +19.15% |
| Direct IDCW | ₹44.5000 | +6.41% | — | — | — |
| Regular IDCW | ₹46.3300 | +6.31% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Union Small Cap Fund hold?
Union Small Cap Fund holds 70 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.42% of NAV.
What is the largest holding in Union Small Cap Fund?
The largest position in Union Small Cap Fund is Acutaas Chemicals Ltd., accounting for 4.72% of NAV in the Pharmaceuticals & Biotechnology sector.
Is Union Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.374, Union Small Cap Fund is well-diversified. The HHI concentration index is 20,998 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.42% of the portfolio.
What is the market cap allocation of Union Small Cap Fund?
Based on SEBI's AMFI classification, Union Small Cap Fund's equity portfolio is split as: Large Cap: 0.00%, Mid Cap: 20.52%, Small Cap: 74.56%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Union Small Cap Fund invest in most?
Union Small Cap Fund has the highest allocation to Electrical Equipment (12.58%), Pharmaceuticals & Biotechnology (10.48%), Auto Components (9.40%). The fund is invested across 29 sectors in total.
How actively managed is Union Small Cap Fund compared to other Small Cap Fund funds?
Union Small Cap Fund has an Active Share of 71.08%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Union Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Union Small Cap Fund added 7 new stocks (including Ather Energy Ltd.) and exited 7 stocks (including Anant Raj Ltd.). Total holding count remained at 72 stocks.