Capitalmind Flexi Cap Fund vs Union Active Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
Capitalmind Flexi Cap Fund is a Flexi Cap fund and Union Active Momentum Fund is a Thematic fund. In the year to 30-10-2026, Capitalmind Flexi Cap Fund (Direct) returned −1.3% and Union Active Momentum Fund (Direct) returned 11.7%. Capitalmind Flexi Cap Fund charges 1.72% a year and Union Active Momentum Fund 2.35% (Direct plans). Their portfolios overlap 36.6%: they hold 14 of the same securities.
Capitalmind Flexi Cap Fund
Flexi Cap
- 1 year return
- −1.3%
- Expense ratio
- 1.72%
- NAV
- ₹10.02
Union Active Momentum Fund
Thematic
- 1 year return
- 11.7%
- Expense ratio
- 2.35%
- NAV
- ₹9.77
Which is better, Capitalmind Flexi Cap or Union Active Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Active Momentum returned more over 1 year: 11.7% against −1.3%.
- Capitalmind Flexi Cap costs less: 1.72% a year against 2.35% (Direct plans).
- Capitalmind Flexi Cap fell less in its worst fall since 06-08-2025: −10.1% against −13.3%.
- Capitalmind Flexi Cap holds more in large companies: 22.1% of the fund in large caps against 7.2%.
- Union Active Momentum is the larger fund: ₹543 Cr against ₹462 Cr.
- Their portfolios overlap 36.6%: 14 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 | Capitalmind Flexi Cap Fund | Union Active Momentum Fund |
|---|---|---|
| Fund house | Capitalmind Mutual Fund | Union Mutual Fund |
| Category | Flexi Cap | Thematic |
| AUM | ₹462 Cr (30-09-2026) | ₹543 Cr (30-09-2026) |
| NAV | ₹10.02 (Direct) | ₹9.77 (Direct) |
| Expense ratio (Direct) | 1.72% | 2.35% |
| Expense ratio (Regular) | 3.16% | 3.59% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 29-07-2025 | 19-12-2024 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Anoop Vijaykumar, Prateek Jain, Divyansh Agnani | Gaurav Chopra, Sanjay Bembalkar |
| Exit load | Exit load of 1%, if redeemed within 1 months. | 1% for redemption within 1 Year |
Capitalmind Flexi Cap vs Union Active Momentum: 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 |
|---|---|---|---|---|---|---|---|
| Capitalmind Flexi Cap Fund (Direct) | −1.34% | −0.93% | −0.21% | −1.31% | -- | -- | -- |
| Union Active Momentum Fund (Direct) | −4.40% | +2.09% | +10.65% | +11.66% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 235 Thematic funds, same plan type.
Capitalmind Flexi Cap vs Union Active Momentum: Year-wise Returns
| Year | Capitalmind Flexi CapCapitalmind Flexi Cap | Union Active MomentumUnion Active Momentum | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −2.48% | +11.91% | −7.51% |
| 2025 | -- | −13.91% | +7.76% |
Capitalmind Flexi Cap vs Union Active Momentum: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 58 of them, one for each trading day from 06-08-2026 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.
Capitalmind Flexi Cap Fund (Direct)
Union Active Momentum Fund (Direct)
Nifty 500 TRI
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capitalmind Flexi Cap | 15.5 | 43.1 | 41.4 | 0.0 | 0.0 | 0.0 | 0.0 | 3.5% | 4.8% | −5.8% | 8.8% | 86% |
| Union Active Momentum | 0.0 | 0.0 | 3.5 | 12.3 | 63.2 | 21.1 | 0.0 | 17.4% | 18.0% | 8.1% | 21.9% | 100% |
| Nifty 500 TRI | 55.2 | 31.0 | 13.8 | 0.0 | 0.0 | 0.0 | 0.0 | −0.6% | −1.1% | −9.0% | 6.8% | -- |
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 Nifty 500 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 06-08-2025. Past returns do not promise future returns.
Capitalmind Flexi Cap vs Union Active Momentum: 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 06-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Capitalmind Flexi CapCapitalmind Flexi Cap Fund (Direct) | ₹1,50,000 | ₹1,49,556 | −₹444 | −0.4% |
| Union Active MomentumUnion Active Momentum Fund (Direct) | ₹1,50,000 | ₹1,63,373 | ₹13,373 | 13.6% |
Capitalmind Flexi CapCapitalmind Flexi Cap Fund (Direct)
Union Active MomentumUnion Active Momentum 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.
Capitalmind Flexi Cap vs Union Active Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Capitalmind Flexi Cap Fund (Direct) | Union Active Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.31% | +11.66% |
| Standard deviation | 12.90% | 19.14% |
| Sharpe ratio | -0.51 | 0.33 |
| Sortino ratio | -0.66 | 0.46 |
| Maximum drawdown | −10.1% (23-10-2026) | −13.3% (23-03-2026) |
| Beta | 0.74 | 1.09 |
| Alpha | +2.72% | +20.14% |
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 | Capitalmind Flexi Cap Fund (Direct) | Union Active Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.00% | −1.36% |
| Standard deviation | 12.12% | 19.31% |
| Sharpe ratio | -0.36 | -0.36 |
| Sortino ratio | -0.46 | -0.47 |
| Maximum drawdown | −10.1% (23-10-2026) | −26.6% (28-02-2025) |
| Beta | 0.74 | 1.13 |
| Alpha | +1.01% | −0.31% |
From daily NAVs, 06-08-2025 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.
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.
Capitalmind Flexi Cap Fund (Direct)
Union Active Momentum Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Capitalmind Flexi Cap Fund (Direct) | −10.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −5.8% |
| Union Active Momentum Fund (Direct) | −13.3% | 26-02-2026 | 23-03-2026 | 21-04-2026 | 29 days | −6.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 06-08-2025, 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.
Capitalmind Flexi Cap Fund (Direct)
Union Active Momentum Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Capitalmind Flexi Cap Fund (Direct) | 85% | 70% | 8.02% |
| Union Active Momentum Fund (Direct) | 121% | 46% | 12.69% |
From month-end values since 06-08-2025. 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.
Capitalmind Flexi Cap vs Union Active Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: Capitalmind Flexi Cap Fund, September 2026; Union Active Momentum Fund, September 2026
Holdings in common
- Overlap
- 36.6%
- Held by both
- 14
- Only in Capitalmind Flexi Cap
- 17
- Only in Union Active Momentum
- 23
| Security | % of Capitalmind Flexi Cap | % of Union Active Momentum |
|---|---|---|
| Welspun Corp Limited | 6.31% | 4.11% |
| Laurus Labs Limited | 4.42% | 2.82% |
| Sona BLW Precision Forgings Limited | 3.05% | 2.80% |
| Anand Rathi Wealth Limited | 3.28% | 2.64% |
| Radico Khaitan Limited | 3.21% | 2.56% |
| Apollo Hospitals Enterprise Limited | 2.81% | 2.54% |
| R R Kabel Limited | 3.54% | 2.53% |
| FSN E-Commerce Ventures Limited | 2.89% | 2.53% |
| Torrent Pharmaceuticals Limited | 3.47% | 2.44% |
| Sai Life Sciences Limited | 3.02% | 2.36% |
| The Federal Bank Limited | 3.65% | 2.35% |
| Himadri Speciality Chemical Limited | 2.77% | 2.34% |
| Bharat Forge Limited | 2.88% | 2.33% |
| The Karnataka Bank Limited | 3.30% | 2.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.6% means 36.6% 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 Capitalmind Flexi Cap Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Limited | 3.90% |
| Bank of Maharashtra | 3.79% |
| Karur Vysya Bank Limited | 3.33% |
| Multi Commodity Exchange of India Limited | 3.28% |
| Granules India Limited | 3.20% |
Largest holdings only in Union Active Momentum Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Ltd. | 3.30% |
| Avalon Technologies Ltd. | 3.05% |
| IOL Chemicals and Pharmaceuticals Ltd. | 3.03% |
| Shilpa Medicare Ltd. | 2.99% |
| Chennai Petroleum Corporation Ltd. | 2.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Capitalmind Flexi Cap | Union Active Momentum |
|---|---|---|
| Equity | 96.0% | 90.2% |
| Debt | 0.1% | 0.2% |
| Cash and others | 3.9% | 9.6% |
Market cap of stocks
| Market cap | Capitalmind Flexi Cap | Union Active Momentum |
|---|---|---|
| Large Cap | 22.1% | 7.2% |
| Mid Cap | 39.1% | 19.5% |
| Small Cap | 34.8% | 63.5% |
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 | Capitalmind Flexi Cap | Union Active Momentum |
|---|---|---|
| Pharmaceuticals & Biotechnology | 26.5% | 13.6% |
| Banks | 17.1% | 4.6% |
| Auto Components | 12.2% | 13.7% |
| Industrial Products | 9.8% | 11.0% |
| Chemicals & Petrochemicals | 2.8% | 6.7% |
| Capital Markets | 6.6% | 2.6% |
| Electrical Equipment | 0.0% | 5.7% |
| Consumer Durables | 3.0% | 5.1% |
| Beverages | 3.2% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Capitalmind Flexi Cap vs Union Active Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Capitalmind Flexi Cap Fund | Union Active Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.72% | 2.35% |
| Base expense ratio (Direct) | 0.83% | 0.93% |
| Total expense ratio (Regular) | 3.16% | 3.59% |
| Base expense ratio (Regular) | 2.08% | 2.09% |
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 Capitalmind Flexi Cap with
Capitalmind Flexi Cap Fund vs Union Active Momentum Fund: Frequently Asked Questions
What is the difference between Capitalmind Flexi Cap Fund and Union Active Momentum Fund?
Capitalmind Flexi Cap Fund is a Flexi Cap fund, Union Active Momentum Fund is a Thematic fund, run by Capitalmind Mutual Fund and Union Mutual Fund. Their portfolios overlap 36.6%. Capitalmind Flexi Cap Fund charges 1.72% a year and Union Active Momentum Fund 2.35%.
Which has given higher returns, Capitalmind Flexi Cap Fund or Union Active Momentum Fund?
Over 1 year: Capitalmind Flexi Cap Fund −1.31%, Union Active Momentum Fund +11.66%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Capitalmind Flexi Cap Fund or Union Active Momentum Fund?
Capitalmind Flexi Cap Fund charges less: 1.72% a year against 2.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Capitalmind Flexi Cap Fund and Union Active Momentum Fund overlap?
36.6%. They hold 14 of the same securities, the largest shared ones being WELCORP, LAURUSLABS, SONACOMS. From each fund's latest monthly portfolio.
Which is riskier, Capitalmind Flexi Cap Fund or Union Active Momentum Fund?
On SEBI's riskometer, Capitalmind Flexi Cap Fund is rated Very High and Union Active Momentum Fund Very High. Over 1 years, the standard deviation of daily returns was 12.90% and 19.14% a year.
Can I invest in both Capitalmind Flexi Cap Fund and Union Active Momentum Fund?
Yes. 36.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Capitalmind Flexi Cap Fund and Union Active Momentum Fund?
Capitalmind Flexi Cap Fund: Anoop Vijaykumar, Prateek Jain, Divyansh Agnani. Union Active Momentum Fund: Gaurav Chopra, Sanjay Bembalkar.
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.