Helios Small Cap Fund vs Union Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Small Cap Fund and Union Small Cap Fund are both Small Cap funds. Helios Small Cap Fund charges 0.89% a year and Union Small Cap Fund 1.10% (Direct plans). Their portfolios overlap 22.7%: they hold 26 of the same securities.
Which is better, Helios 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.
- Helios Small Cap costs less: 0.89% a year against 1.10% (Direct plans).
- Union Small Cap fell less in its worst fall since 28-11-2025: −11.9% against −16.9%.
- Union Small Cap is the larger fund: ₹2,732 Cr against ₹1,885 Cr.
- Their portfolios overlap 22.7%: 26 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 Small Cap Fund | Union Small Cap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Union Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹1,885 Cr (30-09-2026) | ₹2,732 Cr (30-09-2026) |
| NAV | ₹10.87 (Direct) | ₹62.58 (Direct) |
| Expense ratio (Direct) | 0.89% | 1.10% |
| Expense ratio (Regular) | 2.40% | 2.17% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | BSE 250 Smallcap TRI |
| Launch date | 27-11-2025 | 10-06-2014 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Pratik Dharmshi, Gaurav Chopra |
| Exit load | Exit load of 1%, if redeemed within 3 months. | Exit load of 1%, if redeemed within 15 days. |
Helios 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 |
|---|---|---|---|---|---|---|---|
| Helios Small Cap Fund (Direct) | −5.23% | −1.18% | +10.36% | -- | -- | -- | -- |
| 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.
Helios Small Cap vs Union Small Cap: Year-wise Returns
| Year | HeliosHelios Small Cap | UnionUnion Small Cap |
|---|---|---|
| 2026to date | +10.58% | +15.59% |
| 2025 | -- | −3.61% |
| 2024 | -- | +25.16% |
| 2023 | -- | +42.98% |
| 2022 | -- | −0.03% |
| 2021 | -- | +63.37% |
Helios Small Cap vs Union Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of Helios Small Cap Fund
Helios 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 | Helios Small Cap Fund (Direct) | Union Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.02% | +15.92% |
| Standard deviation | 18.12% | 16.91% |
| Sharpe ratio | 0.21 | 0.60 |
| Sortino ratio | 0.29 | 0.79 |
| Maximum drawdown | −16.9% (23-03-2026) | −44.7% (23-03-2020) |
| Beta | 0.94 | 0.85 |
| Alpha | +7.96% | +4.15% |
From daily NAVs, 28-11-2025 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.
Helios 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 |
|---|---|---|---|---|---|---|
| Helios Small Cap Fund (Direct) | −16.9% | 01-12-2025 | 23-03-2026 | 06-05-2026 | 44 days | −8.0% |
| Union Small Cap Fund (Direct) | −11.9% | 08-09-2026 | 23-10-2026 | Not yet | -- | −9.0% |
| Nifty Smallcap 250 TRI | −15.4% | 05-01-2026 | 23-03-2026 | 04-05-2026 | 42 days | −9.4% |
From daily values since 28-11-2025, the first day every fund has.
Helios Small Cap vs Union Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Small Cap Fund, September 2026; Union Small Cap Fund, September 2026
Holdings in common
- Overlap
- 22.7%
- Held by both
- 26
- Only in Helios Small Cap
- 70
- Only in Union Small Cap
- 60
| Security | % of Helios Small Cap | % of Union Small Cap |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | 1.91% | 2.99% |
| Data Patterns (India) Ltd. | 1.54% | 2.20% |
| CarTrade Tech Ltd. | 1.72% | 1.27% |
| Acutaas Chemicals Ltd. | 1.19% | 1.94% |
| Ather Energy Ltd. | 1.77% | 1.15% |
| City Union Bank Ltd. | 1.15% | 1.65% |
| Apar Industries Ltd. | 1.20% | 1.13% |
| Torrent Pharmaceuticals Ltd. | 1.04% | 1.68% |
| Syrma SGS Technology Ltd. | 1.51% | 1.02% |
| TD Power Systems Ltd. | 1.45% | 0.98% |
| PNB Housing Finance Ltd. | 0.97% | 1.18% |
| K.P.R. Mill Ltd. | 0.95% | 1.20% |
| Prudent Corporate Advisory Services Ltd. | 1.13% | 0.89% |
| Shadowfax Technologies Ltd. | 2.22% | 0.87% |
| Delhivery Ltd. | 1.24% | 0.76% |
| Inox India Ltd. | 1.11% | 0.75% |
| GE Vernova T&D India Ltd. | 0.74% | 2.73% |
| 360 ONE WAM Ltd. | 0.67% | 0.67% |
| AFFLE 3I Ltd. | 0.62% | 0.66% |
| Craftsman Automation Ltd. | 1.36% | 0.59% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.59% | 0.64% |
| Honasa Consumer Ltd. | 1.46% | 0.55% |
| Lumax Auto Technologies Ltd. | 1.26% | 0.44% |
| One 97 Communications Ltd. | 1.46% | 0.43% |
| Kfin Technologies Ltd. | 0.34% | 1.25% |
| Fortis Healthcare Ltd. | 0.20% | 1.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.7% means 22.7% 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 Small Cap Fund
| Security | % of fund |
|---|---|
| Swiggy Ltd. | 1.65% |
| Redington Ltd. | 1.64% |
| Edelweiss Financial Services Ltd. | 1.59% |
| Tips Music Ltd. | 1.57% |
| Carborundum Universal Ltd. | 1.55% |
Largest holdings only in Union Small Cap Fund
| Security | % of fund |
|---|---|
| Navin Fluorine International Ltd. | 3.40% |
| Gabriel India Ltd. | 3.08% |
| Karur Vysya Bank Ltd. | 3.06% |
| Kirloskar Oil Engines Ltd. | 2.87% |
| Milky Mist Dairy Food Ltd. | 2.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Small Cap | Union Small Cap |
|---|---|---|
| Equity | 98.0% | 98.4% |
| Debt | 0.0% | 0.1% |
| Cash and others | 2.0% | 1.5% |
Market cap of stocks
| Market cap | Helios Small Cap | Union Small Cap |
|---|---|---|
| Large Cap | 2.1% | 4.0% |
| Mid Cap | 17.6% | 16.4% |
| Small Cap | 70.7% | 71.0% |
| Not on AMFI's list | 7.6% | 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 | Helios Small Cap | Union Small Cap |
|---|---|---|
| Electrical Equipment | 4.7% | 10.9% |
| Auto Components | 10.7% | 8.8% |
| Industrial Products | 4.0% | 9.7% |
| Pharmaceuticals & Biotechnology | 7.5% | 9.7% |
| Capital Markets | 7.7% | 8.1% |
| Banks | 1.8% | 8.0% |
| Healthcare Services | 6.8% | 3.8% |
| Commercial Services & Supplies | 4.8% | 1.2% |
| Transport Services | 4.7% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Small Cap vs Union Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Small Cap Fund | Union Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 1.10% |
| Base expense ratio (Direct) | 0.47% | 0.78% |
| Total expense ratio (Regular) | 2.40% | 2.17% |
| Base expense ratio (Regular) | 1.77% | 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 Helios Small Cap with
Helios Small Cap Fund vs Union Small Cap Fund: Frequently Asked Questions
What is the difference between Helios Small Cap Fund and Union Small Cap Fund?
Both are Small Cap funds, run by Helios Mutual Fund and Union Mutual Fund. Their portfolios overlap 22.7%. Helios Small Cap Fund charges 0.89% a year and Union Small Cap Fund 1.10%.
Which has the lower expense ratio, Helios Small Cap Fund or Union Small Cap Fund?
Helios Small Cap Fund charges less: 0.89% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Small Cap Fund and Union Small Cap Fund overlap?
22.7%. They hold 26 of the same securities, the largest shared ones being MCX, DATAPATTNS, CARTRADE. From each fund's latest monthly portfolio.
Which is riskier, Helios Small Cap Fund or Union Small Cap Fund?
On SEBI's riskometer, Helios Small Cap Fund is rated Very High and Union Small Cap Fund Very High. Over their common history, the standard deviation of daily returns was 18.12% and 16.91% a year.
Can I invest in both Helios Small Cap Fund and Union Small Cap Fund?
Yes. 22.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Small Cap Fund and Union Small Cap Fund?
Helios Small Cap Fund: Alok Bahl, Pratik Singh. 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.