Helios Large & Mid Cap Fund vs Union Largecap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Large & Mid Cap Fund is a Large & Mid Cap fund and Union Largecap Fund is a Large Cap fund. In the year to 30-10-2026, Helios Large & Mid Cap Fund (Direct) returned −2.1% and Union Largecap Fund (Direct) returned −8.1%. Helios Large & Mid Cap Fund charges 1.02% a year and Union Largecap Fund 1.68% (Direct plans). Their portfolios overlap 39.5%: they hold 23 of the same securities.
Helios Large & Mid Cap Fund
Large & Mid Cap
- 1 year return
- −2.1%
- Expense ratio
- 1.02%
- NAV
- ₹11.07
Which is better, Helios Large & Mid Cap or Union Largecap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Helios Large & Mid Cap returned more over 1 year: −2.1% against −8.1%.
- Helios Large & Mid Cap costs less: 1.02% a year against 1.68% (Direct plans).
- Union Largecap fell less in its worst fall since 04-11-2024: −14.1% against −18.0%.
- Union Largecap holds more in large companies: 83.0% of the fund in large caps against 55.8%.
- Helios Large & Mid Cap is the larger fund: ₹1,463 Cr against ₹408 Cr.
- Their portfolios overlap 39.5%: 23 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 | Helios Large & Mid Cap Fund | Union Largecap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Union Mutual Fund |
| Category | Large & Mid Cap | Large Cap |
| AUM | ₹1,463 Cr (30-09-2026) | ₹408 Cr (30-09-2026) |
| NAV | ₹11.07 (Direct) | ₹23.73 (Direct) |
| Expense ratio (Direct) | 1.02% | 1.68% |
| Expense ratio (Regular) | 2.54% | 2.58% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | BSE 100 TRI |
| Launch date | 30-10-2024 | 11-05-2017 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Pratik Dharmshi, Sanjay Bembalkar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load of 1%, if redeemed within 15 days. |
Helios Large & Mid Cap vs Union Largecap: 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 |
|---|---|---|---|---|---|---|---|
| Helios Large & Mid Cap Fund (Direct) | −1.42% | −3.32% | +0.91% | −2.12% | -- | -- | -- |
| Union Largecap Fund (Direct) | +0.98% | −4.24% | −2.18% | −8.09% | +7.81% | +6.11% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
Category average: the average of the 36 Large & Mid Cap funds and the 35 Large Cap funds, same plan type.
Helios Large & Mid Cap vs Union Largecap: Year-wise Returns
| Year | Helios Large & Mid CapHelios Large & Mid Cap | Union LargecapUnion Largecap |
|---|---|---|
| 2026to date | −1.86% | −7.05% |
| 2025 | +9.83% | +5.23% |
| 2024 | -- | +13.31% |
| 2023 | -- | +23.26% |
| 2022 | -- | +0.23% |
| 2021 | -- | +29.33% |
Helios Large & Mid Cap vs Union Largecap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Helios Large & Mid Cap Fund
Rolling returns
Every 1-year holding period, 244 of them, one for each trading day from 04-11-2025 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.
Helios Large & Mid Cap Fund (Direct)
Union Largecap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Helios Large & Mid Cap | 4.5 | 11.9 | 37.3 | 25.8 | 13.1 | 6.6 | 0.8 | 10.3% | 9.7% | −5.3% | 25.4% | 100% |
| Union Largecap | 40.3 | 29.2 | 23.5 | 7.0 | 0.0 | 0.0 | 0.0 | 1.9% | 1.2% | −10.8% | 14.4% | 0% |
| NIFTY LargeMidcap 250 TRI | 13.5 | 35.7 | 32.0 | 12.7 | 6.1 | 0.0 | 0.0 | 5.5% | 5.1% | −8.0% | 18.3% | -- |
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 LargeMidcap 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 04-11-2024. Past returns do not promise future returns.
Helios Large & Mid Cap vs Union Largecap: 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 04-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Helios Large & Mid CapHelios Large & Mid Cap Fund (Direct) | ₹2,40,000 | ₹2,51,684 | ₹11,684 | 4.7% |
| Union LargecapUnion Largecap Fund (Direct) | ₹2,40,000 | ₹2,33,758 | −₹6,242 | −2.5% |
Helios Large & Mid CapHelios Large & Mid Cap Fund (Direct)
Union LargecapUnion Largecap 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.
Helios Large & Mid Cap vs Union Largecap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Large & Mid Cap Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.12% | −8.09% |
| Standard deviation | 16.46% | 14.03% |
| Sharpe ratio | -0.45 | -0.95 |
| Sortino ratio | -0.61 | -1.27 |
| Maximum drawdown | −14.8% (30-03-2026) | −14.1% (30-03-2026) |
| Beta | 1.08 | 0.99 |
| Alpha | +5.24% | +0.69% |
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 | Helios Large & Mid Cap Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.90% | +9.55% |
| Standard deviation | 15.76% | 16.04% |
| Sharpe ratio | 0.02 | 0.26 |
| Sortino ratio | 0.02 | 0.35 |
| Maximum drawdown | −18.0% (28-02-2025) | −36.4% (23-03-2020) |
| Beta | 1.03 | 0.97 |
| Alpha | +5.65% | −1.93% |
From daily NAVs, 04-11-2024 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.
Helios Large & Mid Cap Fund (Direct)
Union Largecap Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Helios Large & Mid Cap Fund (Direct) | −18.0% | 16-12-2024 | 28-02-2025 | 27-06-2025 | 4 months | −7.0% |
| Union Largecap Fund (Direct) | −14.1% | 20-11-2025 | 30-03-2026 | Not yet | -- | −8.8% |
| NIFTY LargeMidcap 250 TRI | −15.5% | 16-12-2024 | 28-02-2025 | 09-06-2025 | 3 months | −8.6% |
From daily values since 04-11-2024, 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.
Helios Large & Mid Cap Fund (Direct)
Union Largecap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Helios Large & Mid Cap Fund (Direct) | 118% | 97% | 5.23% |
| Union Largecap Fund (Direct) | 80% | 86% | 4.03% |
From month-end values since 04-11-2024. 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.
Helios Large & Mid Cap vs Union Largecap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Large & Mid Cap Fund, September 2026; Union Largecap Fund, September 2026
Holdings in common
- Overlap
- 39.5%
- Held by both
- 23
- Only in Helios Large & Mid Cap
- 36
- Only in Union Largecap
- 34
| Security | % of Helios Large & Mid Cap | % of Union Largecap |
|---|---|---|
| HDFC Bank Ltd. | 4.38% | 6.95% |
| ICICI Bank Ltd. | 3.86% | 9.41% |
| Eternal Ltd. | 3.96% | 3.27% |
| Kotak Mahindra Bank Ltd. | 3.03% | 2.52% |
| State Bank of India | 2.51% | 4.18% |
| Titan Company Ltd. | 2.93% | 2.39% |
| Larsen & Toubro Ltd. | 2.37% | 2.49% |
| Torrent Pharmaceuticals Ltd. | 2.12% | 3.27% |
| Bajaj Finance Ltd. | 2.61% | 2.00% |
| Reliance Industries Ltd. | 1.50% | 5.28% |
| Bharat Electronics Ltd. | 2.38% | 1.40% |
| Adani Enterprises Ltd. | 2.86% | 1.27% |
| Bharti Airtel Ltd. | 1.15% | 4.31% |
| Hitachi Energy India Ltd. | 1.11% | 1.43% |
| GE Vernova T&D India Ltd. | 1.06% | 1.31% |
| Multi Commodity Exchange of India Ltd. | 1.94% | 1.03% |
| UNO Minda Ltd. | 1.37% | 1.00% |
| Shriram Finance Ltd. | 0.97% | 1.69% |
| Apollo Hospitals Enterprise Ltd. | 1.82% | 0.90% |
| Adani Ports and Special Economic Zone Ltd. | 4.33% | 0.88% |
| ICICI Prudential Asset Management Company Ltd. | 1.14% | 0.79% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.59% | 0.60% |
| Adani Energy Solutions Ltd. | 0.42% | 0.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.5% means 39.5% 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 Helios Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| One 97 Communications Ltd. | 4.90% |
| The Phoenix Mills Ltd. | 2.72% |
| Coforge Ltd. | 2.46% |
| Interglobe Aviation Ltd. | 2.30% |
| Apar Industries Ltd. | 1.89% |
Largest holdings only in Union Largecap Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 3.24% |
| Infosys Ltd. | 2.69% |
| Mahindra & Mahindra Ltd. | 2.68% |
| Tata Consumer Products Ltd. | 2.57% |
| Solar Industries India Ltd. | 2.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Large & Mid Cap | Union Largecap |
|---|---|---|
| Equity | 98.8% | 99.0% |
| Debt | 0.0% | 0.1% |
| Cash and others | 1.2% | 0.9% |
Market cap of stocks
| Market cap | Helios Large & Mid Cap | Union Largecap |
|---|---|---|
| Large Cap | 55.8% | 83.0% |
| Mid Cap | 39.6% | 10.7% |
| Small Cap | 2.7% | 3.6% |
| Not on AMFI's list | 0.7% | 1.7% |
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 | Helios Large & Mid Cap | Union Largecap |
|---|---|---|
| Banks | 13.8% | 26.3% |
| Capital Markets | 10.0% | 3.5% |
| Finance | 7.8% | 4.8% |
| Retailing | 5.6% | 4.6% |
| Transport Infrastructure | 5.6% | 0.9% |
| Electrical Equipment | 5.3% | 4.3% |
| Petroleum Products | 1.5% | 5.3% |
| Pharmaceuticals & Biotechnology | 3.5% | 5.2% |
| Automobiles | 0.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Large & Mid Cap vs Union Largecap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Large & Mid Cap Fund | Union Largecap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 1.68% |
| Base expense ratio (Direct) | 0.50% | 1.34% |
| Total expense ratio (Regular) | 2.54% | 2.58% |
| Base expense ratio (Regular) | 1.81% | 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
Compare Helios Large & Mid Cap with
Helios Large & Mid Cap Fund vs Union Largecap Fund: Frequently Asked Questions
What is the difference between Helios Large & Mid Cap Fund and Union Largecap Fund?
Helios Large & Mid Cap Fund is a Large & Mid Cap fund, Union Largecap Fund is a Large Cap fund, run by Helios Mutual Fund and Union Mutual Fund. Their portfolios overlap 39.5%. Helios Large & Mid Cap Fund charges 1.02% a year and Union Largecap Fund 1.68%.
Which has given higher returns, Helios Large & Mid Cap Fund or Union Largecap Fund?
Over 1 year: Helios Large & Mid Cap Fund −2.12%, Union Largecap Fund −8.09%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Helios Large & Mid Cap Fund or Union Largecap Fund?
Helios Large & Mid Cap Fund charges less: 1.02% a year against 1.68%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Large & Mid Cap Fund and Union Largecap Fund overlap?
39.5%. They hold 23 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Helios Large & Mid Cap Fund or Union Largecap Fund?
On SEBI's riskometer, Helios Large & Mid Cap Fund is rated Very High and Union Largecap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.46% and 14.03% a year.
Can I invest in both Helios Large & Mid Cap Fund and Union Largecap Fund?
Yes. 39.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Large & Mid Cap Fund and Union Largecap Fund?
Helios Large & Mid Cap Fund: Alok Bahl, Pratik Singh. Union Largecap Fund: Pratik Dharmshi, 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.