Edelweiss Small Cap Fund vs Union Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Small Cap Fund and Union Small Cap Fund are both Small Cap funds. In the 3 years to 30-10-2026, Edelweiss Small Cap Fund (Direct) returned 13.2% a year and Union Small Cap Fund (Direct) returned 14.6% a year. Edelweiss Small Cap Fund charges 0.64% a year and Union Small Cap Fund 1.10% (Direct plans). Their portfolios overlap 34.4%: they hold 31 of the same securities.
Edelweiss Small Cap Fund
Small Cap
- 3 year return
- 13.2%
- Expense ratio
- 0.64%
- NAV
- ₹49.12
Which is better, Edelweiss 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 14.9%.
- Union Small Cap returned more over 3 years: 14.6% a year against 13.2%.
- Edelweiss Small Cap costs less: 0.64% a year against 1.10% (Direct plans).
- Edelweiss Small Cap swung less over 3 years: a standard deviation of 16.2% a year against 18.8%.
- Edelweiss Small Cap fell less in its worst fall since 14-02-2019: −37.1% against −37.6%.
- Edelweiss Small Cap is the larger fund: ₹7,000 Cr against ₹2,732 Cr.
- Their portfolios overlap 34.4%: 31 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 Small Cap Fund | Union Small Cap Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Union Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹7,000 Cr (30-09-2026) | ₹2,732 Cr (30-09-2026) |
| NAV | ₹49.12 (Direct) | ₹62.58 (Direct) |
| Expense ratio (Direct) | 0.64% | 1.10% |
| Expense ratio (Regular) | 1.96% | 2.17% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | BSE 250 Smallcap TRI |
| Launch date | 07-02-2019 | 10-06-2014 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Trideep Bhattacharya, Raj Koradia | Pratik Dharmshi, Gaurav Chopra |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load of 1%, if redeemed within 15 days. |
Edelweiss 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Small Cap Fund (Direct) | −5.51% | −5.98% | +0.78% | −0.52% | +13.20% | +14.93% | -- |
| 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.
Edelweiss Small Cap vs Union Small Cap: Year-wise Returns
| Year | EdelweissEdelweiss Small Cap | UnionUnion Small Cap |
|---|---|---|
| 2026to date | +0.45% | +15.59% |
| 2025 | −1.06% | −3.61% |
| 2024 | +26.78% | +25.16% |
| 2023 | +44.34% | +42.98% |
| 2022 | +3.41% | −0.03% |
| 2021 | +70.22% | +63.37% |
Edelweiss Small Cap vs Union Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of Edelweiss Small Cap Fund
Rolling returns
Every 3-year holding period, 1,160 of them, one for each trading day from 14-02-2022 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 Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
to
Jul 2022Apr 2020
to
Apr 2023Feb 2021
to
Feb 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 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 Small Cap | 0.0 | 0.0 | 0.0 | 2.2 | 13.4 | 20.9 | 63.5 | 28.6% | 28.0% | 12.3% | 48.7% | 79% |
| Union Small Cap | 0.0 | 0.0 | 0.0 | 2.3 | 22.7 | 29.5 | 45.5 | 25.8% | 24.1% | 11.4% | 43.1% | 43% |
| Nifty Smallcap 250 TRI | 0.0 | 0.0 | 0.0 | 2.8 | 18.9 | 30.8 | 47.6 | 25.7% | 24.4% | 11.4% | 44.7% | -- |
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 Nifty Smallcap 250 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 14-02-2019. Past returns do not promise future returns.
Edelweiss 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 14-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Small CapEdelweiss Small Cap Fund (Direct) | ₹9,30,000 | ₹21,06,623 | ₹11,76,623 | 20.6% |
| Union Small CapUnion Small Cap Fund (Direct) | ₹9,30,000 | ₹21,74,191 | ₹12,44,191 | 21.4% |
Edelweiss Small CapEdelweiss 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.
Edelweiss 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 | Edelweiss Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.52% | +11.79% |
| Standard deviation | 16.47% | 19.25% |
| Sharpe ratio | -0.35 | 0.34 |
| Sortino ratio | -0.48 | 0.47 |
| Maximum drawdown | −14.6% (23-03-2026) | −12.3% (23-03-2026) |
| Beta | 0.88 | 1.01 |
| Alpha | +1.62% | +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 | Edelweiss Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.20% | +14.64% |
| Standard deviation | 16.25% | 18.80% |
| Sharpe ratio | 0.44 | 0.46 |
| Sortino ratio | 0.59 | 0.61 |
| Maximum drawdown | −22.9% (03-03-2025) | −26.2% (03-03-2025) |
| Beta | 0.82 | 0.96 |
| Alpha | +1.98% | +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 | Edelweiss Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.93% | +16.16% |
| Standard deviation | 15.72% | 17.35% |
| Sharpe ratio | 0.58 | 0.60 |
| Sortino ratio | 0.78 | 0.79 |
| Maximum drawdown | −22.9% (03-03-2025) | −26.2% (03-03-2025) |
| Beta | 0.82 | 0.90 |
| Alpha | +3.16% | +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 | Edelweiss Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +23.02% | +15.92% |
| Standard deviation | 17.23% | 16.91% |
| Sharpe ratio | 1.03 | 0.60 |
| Sortino ratio | 1.38 | 0.79 |
| Maximum drawdown | −37.1% (23-03-2020) | −44.7% (23-03-2020) |
| Beta | 0.84 | 0.85 |
| Alpha | +6.49% | +4.15% |
From daily NAVs, 14-02-2019 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 Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Small Cap Fund (Direct) | −37.1% | 20-02-2020 | 23-03-2020 | 24-08-2020 | 5 months | −10.7% |
| Union Small Cap Fund (Direct) | −37.6% | 20-02-2020 | 23-03-2020 | 24-08-2020 | 5 months | −9.0% |
| Nifty Smallcap 250 TRI | −45.5% | 16-04-2019 | 24-03-2020 | 23-11-2020 | 8 months | −9.4% |
From daily values since 14-02-2019, 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 Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
Nifty Smallcap 250 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.
Edelweiss Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
Nifty Smallcap 250 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.
Edelweiss Small Cap Fund (Direct)
Union Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Small Cap Fund (Direct) | 91% | 70% | 6.82% |
| Union Small Cap Fund (Direct) | 90% | 69% | 8.13% |
From month-end values since 14-02-2019. 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 Small Cap vs Union Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Small Cap Fund, September 2026; Union Small Cap Fund, September 2026
Holdings in common
- Overlap
- 34.4%
- Held by both
- 31
- Only in Edelweiss Small Cap
- 64
- Only in Union Small Cap
- 55
| Security | % of Edelweiss Small Cap | % of Union Small Cap |
|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 2.65% | 2.99% |
| Karur Vysya Bank Ltd. | 2.56% | 3.06% |
| Gabriel India Ltd. | 2.11% | 3.08% |
| City Union Bank Ltd. | 3.23% | 1.65% |
| Torrent Pharmaceuticals Ltd. | 1.65% | 1.68% |
| Navin Fluorine International Ltd. | 1.62% | 3.40% |
| Radico Khaitan Ltd. | 1.85% | 1.60% |
| Krishna Inst of Medical Sciences Ltd. | 1.87% | 1.56% |
| KEI Industries Ltd. | 1.66% | 1.26% |
| Vijaya Diagnostic Centre Ltd. | 1.41% | 1.21% |
| PNB Housing Finance Ltd. | 2.36% | 1.18% |
| Ather Energy Ltd. | 1.43% | 1.15% |
| Welspun Corp Ltd. | 1.08% | 1.27% |
| K.P.R. Mill Ltd. | 1.04% | 1.20% |
| KSB Ltd. | 1.08% | 1.02% |
| Fortis Healthcare Ltd. | 1.69% | 1.01% |
| Cartrade Tech Ltd. | 0.95% | 1.27% |
| Sumitomo Chemical India Ltd. | 1.10% | 0.84% |
| Hindustan Copper Ltd. | 0.84% | 2.12% |
| Neuland Laboratories Ltd. | 0.98% | 0.78% |
| Shadowfax Technologies Ltd. | 0.78% | 0.87% |
| Delhivery Ltd. | 1.04% | 0.76% |
| Ujjivan Small Finance Bank Ltd. | 0.76% | 2.24% |
| Brigade Enterprises Ltd. | 1.13% | 0.69% |
| Jubilant Ingrevia Ltd. | 1.33% | 0.66% |
| Craftsman Automation Ltd. | 1.67% | 0.59% |
| Eclerx Services Ltd. | 0.56% | 1.24% |
| Aether Industries Ltd. | 1.34% | 0.53% |
| Power Mech Projects Ltd. | 0.50% | 0.43% |
| Home First Finance Company India Ltd. | 0.43% | 1.02% |
| KFIN Technologies Ltd. | 0.42% | 1.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.4% means 34.4% 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 Small Cap Fund
| Security | % of fund |
|---|---|
| Ajanta Pharma Ltd. | 2.02% |
| Avalon Technologies Ltd. | 1.98% |
| Engineers India Ltd. | 1.93% |
| UNO Minda Ltd. | 1.73% |
| Inventurus Knowledge Solutions Ltd. | 1.62% |
Largest holdings only in Union Small Cap Fund
| Security | % of fund |
|---|---|
| Kirloskar Oil Engines Ltd. | 2.87% |
| GE Vernova T&D India Ltd. | 2.73% |
| Milky Mist Dairy Food Ltd. | 2.52% |
| S.J.S. Enterprises Ltd. | 2.45% |
| Azad Engineering Ltd. | 2.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Small Cap | Union Small Cap |
|---|---|---|
| Equity | 98.1% | 98.4% |
| Debt | 0.0% | 0.1% |
| Cash and others | 1.9% | 1.5% |
Market cap of stocks
| Market cap | Edelweiss Small Cap | Union Small Cap |
|---|---|---|
| Large Cap | 5.3% | 4.0% |
| Mid Cap | 21.9% | 16.4% |
| Small Cap | 69.6% | 71.0% |
| Not on AMFI's list | 1.2% | 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 | Edelweiss Small Cap | Union Small Cap |
|---|---|---|
| Electrical Equipment | 4.7% | 10.9% |
| Banks | 10.8% | 8.0% |
| Auto Components | 10.2% | 8.8% |
| Industrial Products | 8.2% | 9.7% |
| Pharmaceuticals & Biotechnology | 8.5% | 9.7% |
| Capital Markets | 5.5% | 8.1% |
| Chemicals & Petrochemicals | 6.1% | 5.7% |
| Healthcare Services | 6.1% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Small Cap vs Union Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Small Cap Fund | Union Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 1.10% |
| Base expense ratio (Direct) | 0.43% | 0.78% |
| Total expense ratio (Regular) | 1.96% | 2.17% |
| Base expense ratio (Regular) | 1.55% | 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 Edelweiss Small Cap with
Edelweiss Small Cap Fund vs Union Small Cap Fund: Frequently Asked Questions
What is the difference between Edelweiss Small Cap Fund and Union Small Cap Fund?
Both are Small Cap funds, run by Edelweiss Mutual Fund and Union Mutual Fund. Their portfolios overlap 34.4%. Edelweiss Small Cap Fund charges 0.64% a year and Union Small Cap Fund 1.10%.
Which has given higher returns, Edelweiss Small Cap Fund or Union Small Cap Fund?
Over 1 year: Edelweiss Small Cap Fund −0.52%, Union Small Cap Fund +11.79%. Over 3 years: Edelweiss Small Cap Fund +13.20% a year, Union Small Cap Fund +14.64% a year. Over 5 years: Edelweiss Small Cap Fund +14.93% 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, Edelweiss Small Cap Fund or Union Small Cap Fund?
Edelweiss Small Cap Fund charges less: 0.64% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Small Cap Fund and Union Small Cap Fund overlap?
34.4%. They hold 31 of the same securities, the largest shared ones being MCX, KARURVYSYA, GABRIEL. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Small Cap Fund or Union Small Cap Fund?
On SEBI's riskometer, Edelweiss Small Cap Fund is rated Very High and Union Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.25% and 18.80% a year.
Which is better for SIP, Edelweiss 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 ₹8,43,519 in Edelweiss Small Cap Fund (XIRR 12.7% 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 Edelweiss Small Cap Fund and Union Small Cap Fund?
Yes. 34.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Small Cap Fund and Union Small Cap Fund?
Edelweiss Small Cap Fund: Trideep Bhattacharya, Raj Koradia. 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.