Aditya Birla Sun Life Small Cap Fund vs Union Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Small Cap Fund and Union Small Cap Fund are both Small Cap funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Small Cap Fund (Direct) returned 14.0% a year and Union Small Cap Fund (Direct) returned 14.6% a year. Aditya Birla Sun Life Small Cap Fund charges 1.08% a year and Union Small Cap Fund 1.10% (Direct plans). Their portfolios overlap 31.5%: they hold 28 of the same securities.
Aditya Birla Sun Life Small Cap Fund
Small Cap
- 3 year return
- 14.0%
- Expense ratio
- 1.08%
- NAV
- ₹107.63
Which is better, Aditya Birla Sun Life Small Cap or Union Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Small Cap returned more over 5 years: 16.2% a year against 12.3%.
- Union Small Cap returned more over 3 years: 14.6% a year against 14.0%.
- Aditya Birla Sun Life Small Cap costs less: 1.08% a year against 1.10% (Direct plans).
- Aditya Birla Sun Life Small Cap swung less over 3 years: a standard deviation of 17.2% a year against 18.8%.
- Union Small Cap fell less in its worst fall since 17-06-2014: −44.7% against −57.4%.
- Aditya Birla Sun Life Small Cap is the larger fund: ₹6,120 Cr against ₹2,732 Cr.
- Their portfolios overlap 31.5%: 28 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Small Cap Fund | Union Small Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Union Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹6,120 Cr (30-09-2026) | ₹2,732 Cr (30-09-2026) |
| NAV | ₹107.63 (Direct) | ₹62.58 (Direct) |
| Expense ratio (Direct) | 1.08% | 1.10% |
| Expense ratio (Regular) | 2.01% | 2.17% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 250 Smallcap TRI | BSE 250 Smallcap TRI |
| Launch date | 31-05-2007 | 10-06-2014 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhinav Khandelwal, Dhaval Joshi | Pratik Dharmshi, Gaurav Chopra |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load of 1%, if redeemed within 15 days. |
Aditya Birla Sun Life Small Cap vs Union Small Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Small Cap Fund (Direct) | −4.84% | −2.25% | +5.85% | +8.06% | +14.03% | +12.30% | +12.47% |
| Union Small Cap Fund (Direct) | −5.54% | −1.57% | +6.90% | +11.79% | +14.64% | +16.16% | +16.45% |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | +16.19% |
Category average: the average of the 36 Small Cap funds, same plan type.
Aditya Birla Sun Life Small Cap vs Union Small Cap: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Small Cap | UnionUnion Small Cap | BSE 250 SmallCap Index TRI |
|---|---|---|---|
| 2026to date | +11.36% | +15.59% | −1.15% |
| 2025 | −2.81% | −3.61% | −5.17% |
| 2024 | +22.75% | +25.16% | +25.11% |
| 2023 | +40.87% | +42.98% | +47.26% |
| 2022 | −5.48% | −0.03% | −1.02% |
| 2021 | +52.88% | +63.37% | +59.11% |
Aditya Birla Sun Life Small Cap vs Union Small Cap: Rolling Returns
Every holding period of both funds, against BSE 250 SmallCap Index TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,308 of them, one for each trading day from 19-06-2017 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
to
Mar 2018Oct 2016
to
Oct 2019May 2018
to
May 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Small Cap | 12.0 | 7.5 | 3.2 | 15.2 | 26.1 | 21.4 | 14.6 | 15.2% | 18.0% | −16.6% | 39.6% | 33% |
| Union Small Cap | 5.9 | 11.4 | 13.3 | 12.1 | 12.7 | 17.3 | 27.1 | 17.4% | 18.5% | −9.3% | 43.1% | 50% |
| BSE 250 SmallCap Index TRI | 11.7 | 7.7 | 5.9 | 13.5 | 21.0 | 15.5 | 24.9 | 16.3% | 17.3% | −17.0% | 45.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 250 SmallCap Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 17-06-2014. Past returns do not promise future returns.
Aditya Birla Sun Life Small Cap vs Union Small Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-06-2014 to 30-10-2026: 149 instalments, ₹14,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Small CapAditya Birla Sun Life Small Cap Fund (Direct) | ₹14,90,000 | ₹39,03,984 | ₹24,13,984 | 14.5% |
| Union Small CapUnion Small Cap Fund (Direct) | ₹14,90,000 | ₹48,23,110 | ₹33,33,110 | 17.6% |
Aditya Birla Sun Life Small CapAditya Birla Sun Life Small Cap Fund (Direct)
Union Small CapUnion Small Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Small Cap vs Union Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.06% | +11.79% |
| Standard deviation | 17.43% | 19.25% |
| Sharpe ratio | 0.16 | 0.34 |
| Sortino ratio | 0.22 | 0.47 |
| Maximum drawdown | −14.0% (23-03-2026) | −12.3% (23-03-2026) |
| Beta | 0.93 | 1.01 |
| Alpha | +12.49% | +17.02% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.03% | +14.64% |
| Standard deviation | 17.15% | 18.80% |
| Sharpe ratio | 0.47 | 0.46 |
| Sortino ratio | 0.63 | 0.61 |
| Maximum drawdown | −26.2% (03-03-2025) | −26.2% (03-03-2025) |
| Beta | 0.89 | 0.96 |
| Alpha | +3.67% | +3.93% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.30% | +16.16% |
| Standard deviation | 16.35% | 17.35% |
| Sharpe ratio | 0.40 | 0.60 |
| Sortino ratio | 0.53 | 0.79 |
| Maximum drawdown | −26.2% (03-03-2025) | −26.2% (03-03-2025) |
| Beta | 0.87 | 0.90 |
| Alpha | +0.92% | +4.58% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.27% | +15.92% |
| Standard deviation | 16.97% | 16.91% |
| Sharpe ratio | 0.60 | 0.60 |
| Sortino ratio | 0.80 | 0.79 |
| Maximum drawdown | −57.4% (24-03-2020) | −44.7% (23-03-2020) |
| Beta | 0.87 | 0.85 |
| Alpha | +4.14% | +4.15% |
From daily NAVs, 07-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Small Cap Fund (Direct) | −57.4% | 15-01-2018 | 24-03-2020 | 08-04-2021 | 12 months | −8.5% |
| Union Small Cap Fund (Direct) | −44.7% | 15-01-2018 | 23-03-2020 | 09-12-2020 | 9 months | −9.0% |
| BSE 250 SmallCap Index TRI | −58.8% | 15-01-2018 | 24-03-2020 | 03-03-2021 | 11 months | −11.5% |
From daily values since 17-06-2014, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Against BSE 250 SmallCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Small Cap Fund (Direct) | 96% | 87% | 5.51% |
| Union Small Cap Fund (Direct) | 88% | 71% | 7.62% |
From month-end values since 17-06-2014. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Small Cap vs Union Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Small Cap Fund, September 2026; Union Small Cap Fund, September 2026
Holdings in common
- Overlap
- 31.5%
- Held by both
- 28
- Only in Aditya Birla Sun Life Small Cap
- 56
- Only in Union Small Cap
- 58
| Security | % of Aditya Birla Sun Life Small Cap | % of Union Small Cap |
|---|---|---|
| Navin Fluorine International Ltd. | 2.84% | 3.40% |
| Multi Commodity Exchange of India Ltd. | 2.69% | 2.99% |
| Ujjivan Small Finance Bank Ltd. | 2.42% | 2.24% |
| Karur Vysya Bank Ltd. | 1.94% | 3.06% |
| Sai Life Sciences Ltd. | 3.15% | 1.76% |
| Radico Khaitan Ltd. | 2.16% | 1.60% |
| S.J.S. Enterprises Ltd. | 1.54% | 2.45% |
| Acutaas Chemicals Ltd. | 1.32% | 1.94% |
| PNB Housing Finance Ltd. | 1.98% | 1.18% |
| Ather Energy Ltd. | 1.82% | 1.15% |
| Apar Industries Ltd. | 1.26% | 1.13% |
| RBL Bank Ltd. | 2.07% | 1.07% |
| Kirloskar Oil Engines Ltd. | 1.04% | 2.87% |
| TD Power Systems Ltd. | 3.39% | 0.98% |
| Shilpa Medicare Ltd. | 0.95% | 0.91% |
| Sagility Ltd. | 1.02% | 0.90% |
| Hitachi Energy India Ltd. | 0.85% | 1.77% |
| Fortis Healthcare Ltd. | 0.75% | 1.01% |
| Gabriel India Ltd. | 0.69% | 3.08% |
| Delhivery Ltd. | 0.67% | 0.76% |
| K.P.R. Mill Ltd. | 0.65% | 1.20% |
| Krishna Institute of Medical Sciences Ltd. | 0.61% | 1.56% |
| Craftsman Automation Ltd. | 1.91% | 0.59% |
| JK Cement Ltd. | 0.57% | 0.80% |
| Doms Industries Ltd. | 0.51% | 0.87% |
| Sobha Ltd. | 0.48% | 0.61% |
| Tempsens Instruments (India) Ltd. | 0.46% | 1.46% |
| Deepak Fertilizers and Petrochemicals Corporation Ltd. | 0.40% | 0.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.5% means 31.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Small Cap Fund
| Security | % of fund |
|---|---|
| Meesho Ltd. | 2.34% |
| Shaily Engineering Plastics Ltd. | 2.31% |
| Arvind Ltd. | 2.06% |
| Dr. Lal Path labs Ltd. | 2.03% |
| Granules India Ltd. | 1.96% |
Largest holdings only in Union Small Cap Fund
| Security | % of fund |
|---|---|
| GE Vernova T&D India Ltd. | 2.73% |
| Milky Mist Dairy Food Ltd. | 2.52% |
| Azad Engineering Ltd. | 2.44% |
| Corona Remedies Ltd. | 2.20% |
| Data Patterns (India) Ltd. | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Small Cap | Union Small Cap |
|---|---|---|
| Equity | 95.4% | 98.4% |
| Debt | 0.0% | 0.1% |
| Cash and others | 4.6% | 1.5% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Small Cap | Union Small Cap |
|---|---|---|
| Large Cap | 2.1% | 4.0% |
| Mid Cap | 13.1% | 16.4% |
| Small Cap | 75.3% | 71.0% |
| Not on AMFI's list | 4.9% | 7.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Small Cap | Union Small Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 12.0% | 9.7% |
| Electrical Equipment | 6.6% | 10.9% |
| Industrial Products | 5.2% | 9.7% |
| Auto Components | 8.8% | 8.8% |
| Banks | 8.2% | 8.0% |
| Capital Markets | 2.7% | 8.1% |
| Consumer Durables | 5.8% | 3.6% |
| Finance | 5.6% | 2.2% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Small Cap vs Union Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Small Cap Fund | Union Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.08% | 1.10% |
| Base expense ratio (Direct) | 0.77% | 0.78% |
| Total expense ratio (Regular) | 2.01% | 2.17% |
| Base expense ratio (Regular) | 1.58% | 1.70% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Small Cap with
Aditya Birla Sun Life Small Cap Fund vs Union Small Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Small Cap Fund and Union Small Cap Fund?
Both are Small Cap funds, run by Aditya Birla Sun Life Mutual Fund and Union Mutual Fund. Their portfolios overlap 31.5%. Aditya Birla Sun Life Small Cap Fund charges 1.08% a year and Union Small Cap Fund 1.10%.
Which has given higher returns, Aditya Birla Sun Life Small Cap Fund or Union Small Cap Fund?
Over 1 year: Aditya Birla Sun Life Small Cap Fund +8.06%, Union Small Cap Fund +11.79%. Over 3 years: Aditya Birla Sun Life Small Cap Fund +14.03% a year, Union Small Cap Fund +14.64% a year. Over 5 years: Aditya Birla Sun Life Small Cap Fund +12.30% a year, Union Small Cap Fund +16.16% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Small Cap Fund or Union Small Cap Fund?
Aditya Birla Sun Life Small Cap Fund charges less: 1.08% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Small Cap Fund and Union Small Cap Fund overlap?
31.5%. They hold 28 of the same securities, the largest shared ones being NAVINFLUOR, MCX, UJJIVANSFB. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Small Cap Fund or Union Small Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Small Cap Fund is rated Very High and Union Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.15% and 18.80% a year.
Which is better for SIP, Aditya Birla Sun Life Small Cap Fund or Union Small Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,66,057 in Aditya Birla Sun Life Small Cap Fund (XIRR 13.8% a year) and ₹9,18,770 in Union Small Cap Fund (XIRR 16.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Small Cap Fund and Union Small Cap Fund?
Yes. 31.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Small Cap Fund and Union Small Cap Fund?
Aditya Birla Sun Life Small Cap Fund: Abhinav Khandelwal, Dhaval Joshi. Union Small Cap Fund: Pratik Dharmshi, Gaurav Chopra.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.