Edelweiss Multi Cap Fund vs Union Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Multi Cap Fund is a Multi Cap fund and Union Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, Edelweiss Multi Cap Fund (Direct) returned 15.3% a year and Union Retirement Fund (Direct) returned 12.1% a year. Edelweiss Multi Cap Fund charges 0.68% a year and Union Retirement Fund 1.36% (Direct plans). Their portfolios overlap 40.0%: they hold 37 of the same securities.
Edelweiss Multi Cap Fund
Multi Cap
- 3 year return
- 15.3%
- Expense ratio
- 0.68%
- NAV
- ₹15.54
Which is better, Edelweiss Multi Cap or Union Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Multi Cap returned more over 3 years: 15.3% a year against 12.1%.
- Edelweiss Multi Cap returned more over 1 year: −2.0% against −2.2%.
- Edelweiss Multi Cap costs less: 0.68% a year against 1.36% (Direct plans).
- Union Retirement swung less over 3 years: a standard deviation of 14.3% a year against 15.1%.
- Union Retirement fell less in its worst fall since 30-10-2023: −17.8% against −20.2%.
- Edelweiss Multi Cap is the larger fund: ₹3,345 Cr against ₹207 Cr.
- Their portfolios overlap 40.0%: 37 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 | Edelweiss Multi Cap Fund | Union Retirement Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Union Mutual Fund |
| Category | Multi Cap | Solution |
| AUM | ₹3,345 Cr (30-09-2026) | ₹207 Cr (30-09-2026) |
| NAV | ₹15.54 (Direct) | ₹16.43 (Direct) |
| Expense ratio (Direct) | 0.68% | 1.36% |
| Expense ratio (Regular) | 2.08% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | BSE 500 TRI |
| Launch date | 25-10-2023 | 22-09-2022 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Trideep Bhattacharya, Sumanta Khan, Raj Koradia, Amit Vora | Pratik Dharmshi, Pratit Vajani |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Nil |
Edelweiss Multi Cap vs Union Retirement: 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Multi Cap Fund (Direct) | −1.78% | −5.40% | −0.10% | −2.02% | +15.27% | -- | -- |
| Union Retirement Fund (Direct) | −2.20% | −5.14% | −1.02% | −2.20% | +12.05% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
Edelweiss Multi Cap vs Union Retirement: Year-wise Returns
| Year | Edelweiss Multi CapEdelweiss Multi Cap | Union RetirementUnion Retirement |
|---|---|---|
| 2026to date | −2.32% | −2.67% |
| 2025 | +3.21% | +7.45% |
| 2024 | +29.95% | +18.75% |
| 2023 | -- | +32.30% |
Edelweiss Multi Cap vs Union Retirement: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Edelweiss Multi Cap Fund
Rolling returns
Every 1-year holding period, 492 of them, one for each trading day from 30-10-2024 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.
Edelweiss Multi Cap Fund (Direct)
Union Retirement Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Dec 2024Apr 2024
to
Apr 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Multi Cap | 12.4 | 26.4 | 24.8 | 19.3 | 6.1 | 1.2 | 9.8 | 9.7% | 6.6% | −7.3% | 51.3% | 83% |
| Union Retirement | 4.7 | 28.0 | 37.6 | 16.1 | 4.9 | 3.3 | 5.5 | 8.5% | 7.0% | −5.0% | 35.0% | 88% |
| Nifty500 Multicap 50:25:25 TRI | 19.9 | 33.1 | 29.1 | 6.9 | 2.6 | 2.0 | 6.3 | 6.2% | 4.7% | −7.6% | 39.7% | -- |
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 Nifty500 Multicap 50:25:25 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 30-10-2023. Past returns do not promise future returns.
Edelweiss Multi Cap vs Union Retirement: 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 30-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Multi CapEdelweiss Multi Cap Fund (Direct) | ₹3,70,000 | ₹4,02,815 | ₹32,815 | 5.5% |
| Union RetirementUnion Retirement Fund (Direct) | ₹3,70,000 | ₹3,97,020 | ₹27,020 | 4.5% |
Edelweiss Multi CapEdelweiss Multi Cap Fund (Direct)
Union RetirementUnion Retirement 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.
Edelweiss Multi Cap vs Union Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Multi Cap Fund (Direct) | Union Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.02% | −2.20% |
| Standard deviation | 14.89% | 15.10% |
| Sharpe ratio | -0.49 | -0.49 |
| Sortino ratio | -0.66 | -0.66 |
| Maximum drawdown | −13.1% (23-03-2026) | −12.2% (23-03-2026) |
| Beta | 0.98 | 1.02 |
| Alpha | +3.78% | +5.74% |
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 | Edelweiss Multi Cap Fund (Direct) | Union Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.27% | +12.05% |
| Standard deviation | 15.08% | 14.27% |
| Sharpe ratio | 0.61 | 0.42 |
| Sortino ratio | 0.83 | 0.57 |
| Maximum drawdown | −20.2% (03-03-2025) | −17.8% (28-02-2025) |
| Beta | 0.98 | 0.98 |
| Alpha | +4.10% | +2.23% |
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 | Edelweiss Multi Cap Fund (Direct) | Union Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.26% | +14.09% |
| Standard deviation | 15.08% | 13.10% |
| Sharpe ratio | 0.61 | 0.60 |
| Sortino ratio | 0.83 | 0.82 |
| Maximum drawdown | −20.2% (03-03-2025) | −17.8% (28-02-2025) |
| Beta | 0.98 | 0.96 |
| Alpha | +4.10% | +3.12% |
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.
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.
Edelweiss Multi Cap Fund (Direct)
Union Retirement Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Multi Cap Fund (Direct) | −20.2% | 24-09-2024 | 03-03-2025 | 02-07-2026 | 16 months | −8.5% |
| Union Retirement Fund (Direct) | −17.8% | 26-09-2024 | 28-02-2025 | 20-10-2025 | 8 months | −7.9% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 30-10-2023, 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.
Edelweiss Multi Cap Fund (Direct)
Union Retirement Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Multi Cap Fund (Direct) | 111% | 96% | 3.53% |
| Union Retirement Fund (Direct) | 92% | 83% | 3.66% |
From month-end values since 30-10-2023. 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.
Edelweiss Multi Cap vs Union Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Multi Cap Fund, September 2026; Union Retirement Fund, September 2026
Holdings in common
- Overlap
- 40.0%
- Held by both
- 37
- Only in Edelweiss Multi Cap
- 59
- Only in Union Retirement
- 43
| Security | % of Edelweiss Multi Cap | % of Union Retirement |
|---|---|---|
| ICICI Bank Ltd. | 3.90% | 5.76% |
| Multi Commodity Exchange Of India Ltd. | 2.37% | 2.72% |
| HDFC Bank Ltd. | 2.32% | 4.29% |
| Reliance Industries Ltd. | 2.34% | 2.10% |
| Navin Fluorine International Ltd. | 2.00% | 2.00% |
| NTPC Ltd. | 2.10% | 1.80% |
| Karur Vysya Bank Ltd. | 2.66% | 1.72% |
| Solar Industries India Ltd. | 1.69% | 2.53% |
| Torrent Pharmaceuticals Ltd. | 1.42% | 1.44% |
| Titan Company Ltd. | 1.36% | 1.55% |
| State Bank of India | 1.29% | 1.77% |
| Infosys Ltd. | 1.10% | 1.52% |
| Ujjivan Small Finance Bank Ltd. | 0.98% | 1.41% |
| Shriram Finance Ltd. | 0.92% | 1.24% |
| Eternal Ltd. | 0.88% | 2.17% |
| Maruti Suzuki India Ltd. | 0.86% | 0.96% |
| CG Power and Industrial Solutions Ltd. | 0.92% | 0.83% |
| KFIN Technologies Ltd. | 0.81% | 1.10% |
| Trent Ltd. | 0.80% | 0.89% |
| TVS Motor Company Ltd. | 0.78% | 0.80% |
| LG Electronics India Ltd. | 0.74% | 0.92% |
| Data Patterns (India) Ltd. | 1.16% | 0.73% |
| Dixon Technologies (India) Ltd. | 0.73% | 1.59% |
| Cholamandalam Investment & Finance Company Ltd. | 0.73% | 1.06% |
| Max Healthcare Institute Ltd. | 0.71% | 1.07% |
| The Phoenix Mills Ltd. | 0.69% | 1.50% |
| Max Financial Services Ltd. | 0.65% | 1.16% |
| Ajanta Pharma Ltd. | 0.61% | 1.16% |
| Home First Finance Company India Ltd. | 0.95% | 0.59% |
| Ather Energy Ltd. | 1.12% | 0.55% |
| KEI Industries Ltd. | 0.97% | 0.54% |
| Bharat Heavy Electricals Ltd. | 0.54% | 0.96% |
| Persistent Systems Ltd. | 0.47% | 0.89% |
| Hindalco Industries Ltd. | 0.46% | 0.52% |
| Godrej Properties Ltd. | 0.45% | 0.63% |
| JSW Steel Ltd. | 0.44% | 1.00% |
| HCL Technologies Ltd. | 0.41% | 0.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.0% means 40.0% 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 Edelweiss Multi Cap Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 2.95% |
| Radico Khaitan Ltd. | 2.86% |
| City Union Bank Ltd. | 2.31% |
| Craftsman Automation Ltd. | 1.73% |
| Divi's Laboratories Ltd. | 1.55% |
Largest holdings only in Union Retirement Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 2.08% |
| S.J.S. Enterprises Ltd. | 1.97% |
| Azad Engineering Ltd. | 1.87% |
| Tata Consumer Products Ltd. | 1.84% |
| GE Vernova T&D India Ltd. | 1.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Multi Cap | Union Retirement |
|---|---|---|
| Equity | 94.6% | 97.8% |
| Debt | 0.0% | 0.1% |
| Cash and others | 5.4% | 2.1% |
Market cap of stocks
| Market cap | Edelweiss Multi Cap | Union Retirement |
|---|---|---|
| Large Cap | 38.4% | 46.8% |
| Mid Cap | 26.6% | 20.5% |
| Small Cap | 29.4% | 30.6% |
| Not on AMFI's list | 0.2% | 0.0% |
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 | Edelweiss Multi Cap | Union Retirement |
|---|---|---|
| Banks | 16.7% | 17.0% |
| Finance | 7.0% | 2.9% |
| Capital Markets | 4.3% | 6.8% |
| Electrical Equipment | 2.7% | 6.3% |
| Chemicals & Petrochemicals | 3.7% | 5.8% |
| Auto Components | 4.4% | 5.7% |
| Consumer Durables | 3.5% | 5.6% |
| Pharmaceuticals & Biotechnology | 4.9% | 4.1% |
| Automobiles | 4.8% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Multi Cap vs Union Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Multi Cap Fund | Union Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.68% | 1.36% |
| Base expense ratio (Direct) | 0.45% | 0.98% |
| Total expense ratio (Regular) | 2.08% | 2.67% |
| Base expense ratio (Regular) | 1.65% | 2.10% |
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
Edelweiss Multi Cap Fund vs Union Retirement Fund: Frequently Asked Questions
What is the difference between Edelweiss Multi Cap Fund and Union Retirement Fund?
Edelweiss Multi Cap Fund is a Multi Cap fund, Union Retirement Fund is a Solution fund, run by Edelweiss Mutual Fund and Union Mutual Fund. Their portfolios overlap 40.0%. Edelweiss Multi Cap Fund charges 0.68% a year and Union Retirement Fund 1.36%.
Which has given higher returns, Edelweiss Multi Cap Fund or Union Retirement Fund?
Over 1 year: Edelweiss Multi Cap Fund −2.02%, Union Retirement Fund −2.20%. Over 3 years: Edelweiss Multi Cap Fund +15.27% a year, Union Retirement Fund +12.05% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Multi Cap Fund or Union Retirement Fund?
Edelweiss Multi Cap Fund charges less: 0.68% a year against 1.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Multi Cap Fund and Union Retirement Fund overlap?
40.0%. They hold 37 of the same securities, the largest shared ones being ICICIBANK, MCX, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Multi Cap Fund or Union Retirement Fund?
On SEBI's riskometer, Edelweiss Multi Cap Fund is rated Very High and Union Retirement Fund Very High. Over 3 years, the standard deviation of daily returns was 15.08% and 14.27% a year.
Which is better for SIP, Edelweiss Multi Cap Fund or Union Retirement Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 30-10-2023 to 30-10-2026 grew to ₹4,02,815 in Edelweiss Multi Cap Fund (XIRR 5.5% a year) and ₹3,97,020 in Union Retirement Fund (XIRR 4.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Multi Cap Fund and Union Retirement Fund?
Yes. 40.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Multi Cap Fund and Union Retirement Fund?
Edelweiss Multi Cap Fund: Trideep Bhattacharya, Sumanta Khan, Raj Koradia, Amit Vora. Union Retirement Fund: Pratik Dharmshi, Pratit Vajani.
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.