The Wealth Company Small Cap Fund vs Union Innovation & Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
The Wealth Company Small Cap Fund is a Small Cap fund and Union Innovation & Opportunities Fund is a Thematic fund. The Wealth Company Small Cap Fund charges 1.79% a year and Union Innovation & Opportunities Fund 0.99% (Direct plans). Their portfolios overlap 17.2%: they hold 11 of the same securities.
The Wealth Company Small Cap Fund
Small Cap
- Expense ratio
- 1.79%
- NAV
- ₹10.89
Union Innovation & Opportunities Fund
Thematic
- Expense ratio
- 0.99%
- NAV
- ₹16.02
Which is better, The Wealth Company Small Cap or Union Innovation & Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Innovation & Opportunities costs less: 0.99% a year against 1.79% (Direct plans).
- Union Innovation & Opportunities fell less in its worst fall since 30-03-2026: −10.6% against −11.1%.
- Union Innovation & Opportunities is the larger fund: ₹1,307 Cr against ₹144 Cr.
- Their portfolios overlap 17.2%: 11 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 | The Wealth Company Small Cap Fund | Union Innovation & Opportunities Fund |
|---|---|---|
| Fund house | The Wealth Company Mutual Fund | Union Mutual Fund |
| Category | Small Cap | Thematic |
| AUM | ₹144 Cr (30-09-2026) | ₹1,307 Cr (30-09-2026) |
| NAV | ₹10.89 (Direct) | ₹16.02 (Direct) |
| Expense ratio (Direct) | 1.79% | 0.99% |
| Expense ratio (Regular) | 3.72% | 2.35% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty 500 TRI |
| Launch date | 25-03-2026 | 06-09-2023 |
| Minimum investment | ₹10,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aparna Shanker, Chinmay Sathe | Gaurav Chopra, Sanjay Bembalkar |
| Exit load | 1% - If redeemed/switched out within 1 year from the date of allotment. Nil - if redeemed/switched out after 1 year from the date of allotment | Exit load of 1%, if redeemed within 1 year. |
The Wealth Company Small Cap vs Union Innovation & Opportunities: 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 |
|---|---|---|---|---|---|---|---|
| The Wealth Company Small Cap Fund (Direct) | −7.08% | −4.43% | +0.61% | -- | -- | -- | -- |
| Union Innovation & Opportunities Fund (Direct) | −2.08% | +0.19% | +11.72% | +4.16% | +18.28% | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 36 Small Cap funds and the 235 Thematic funds, same plan type.
The Wealth Company Small Cap vs Union Innovation & Opportunities: Year-wise Returns
| Year | The Wealth Company Small CapThe Wealth Company Small Cap | Union Innovation & OpportunitiesUnion Innovation & Opportunities |
|---|---|---|
| 2026to date | -- | +8.98% |
| 2025 | -- | −2.58% |
| 2024 | -- | +42.90% |
The Wealth Company Small Cap vs Union Innovation & Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of The Wealth Company Small Cap Fund
The Wealth Company Small Cap vs Union Innovation & Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | The Wealth Company Small Cap Fund (Direct) | Union Innovation & Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.21% | +16.48% |
| Standard deviation | 15.40% | 17.64% |
| Sharpe ratio | 0.84 | 0.59 |
| Sortino ratio | 1.10 | 0.80 |
| Maximum drawdown | −11.1% (23-10-2026) | −23.9% (07-04-2025) |
| Beta | 0.84 | 1.09 |
| Alpha | −9.70% | +7.88% |
From daily NAVs, 30-03-2026 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.
The Wealth Company Small Cap Fund (Direct)
Union Innovation & Opportunities 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 |
|---|---|---|---|---|---|---|
| The Wealth Company Small Cap Fund (Direct) | −11.1% | 28-08-2026 | 23-10-2026 | Not yet | -- | −9.4% |
| Union Innovation & Opportunities Fund (Direct) | −10.6% | 23-09-2026 | 23-10-2026 | Not yet | -- | −6.3% |
| Nifty Smallcap 250 TRI | −11.5% | 08-09-2026 | 23-10-2026 | Not yet | -- | −9.4% |
From daily values since 30-03-2026, the first day every fund has.
The Wealth Company Small Cap vs Union Innovation & Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: The Wealth Company Small Cap Fund, September 2026; Union Innovation & Opportunities Fund, September 2026
Holdings in common
- Overlap
- 17.2%
- Held by both
- 11
- Only in The Wealth Company Small Cap
- 46
- Only in Union Innovation & Opportunities
- 44
| Security | % of The Wealth Company Small Cap | % of Union Innovation & Opportunities |
|---|---|---|
| Billionbrains Garage Ventures Ltd. | 1.99% | 2.11% |
| Ather Energy Limited | 1.93% | 3.09% |
| Amber Enterprises India Limited | 1.84% | 2.14% |
| SYRMA SGS TECHNOLOGY LIMITED | 1.73% | 2.68% |
| CG Power And Industrial Solutions Ltd | 1.70% | 2.84% |
| Data Patterns (India) Limited | 2.45% | 1.69% |
| S.J.S. Enterprises Limited | 1.61% | 2.09% |
| Inventurus Knowledge Solutions Limited | 1.40% | 2.09% |
| ETHOS LIMITED | 1.78% | 1.21% |
| Urban Company Limited | 1.81% | 1.16% |
| SWIGGY LIMITED | 2.47% | 0.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.2% means 17.2% 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 The Wealth Company Small Cap Fund
| Security | % of fund |
|---|---|
| INDO-MIM Limited | 3.17% |
| Azad Engineering Limited | 2.56% |
| Jyoti Cnc Automation Ltd | 2.50% |
| Motilal Oswal Financial Services Limited | 2.49% |
| Ujjivan Small Finance Bank Limited | 2.04% |
Largest holdings only in Union Innovation & Opportunities Fund
| Security | % of fund |
|---|---|
| One 97 Communications Ltd. | 5.25% |
| Eternal Ltd. | 4.80% |
| Info Edge (India) Ltd. | 3.49% |
| GE Vernova T&D India Ltd. | 3.20% |
| Sai Life Sciences Ltd. | 3.12% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | The Wealth Company Small Cap | Union Innovation & Opportunities |
|---|---|---|
| Equity | 91.6% | 96.1% |
| Debt | 0.0% | 0.1% |
| Cash and others | 8.4% | 3.8% |
Market cap of stocks
| Market cap | The Wealth Company Small Cap | Union Innovation & Opportunities |
|---|---|---|
| Large Cap | 7.5% | 13.1% |
| Mid Cap | 6.1% | 27.8% |
| Small Cap | 66.1% | 54.7% |
| Not on AMFI's list | 11.8% | 0.6% |
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 | The Wealth Company Small Cap | Union Innovation & Opportunities |
|---|---|---|
| Retailing | 6.0% | 15.6% |
| Auto Components | 8.0% | 10.3% |
| Electrical Equipment | 10.2% | 7.8% |
| Industrial Manufacturing | 7.4% | 2.7% |
| Aerospace & Defense | 6.3% | 2.6% |
| Pharmaceuticals & Biotechnology | 3.5% | 6.1% |
| Capital Markets | 6.0% | 3.1% |
| Financial Technology (Fintech) | 1.3% | 5.9% |
| IT - Services | 2.8% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
The Wealth Company Small Cap vs Union Innovation & Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | The Wealth Company Small Cap Fund | Union Innovation & Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.79% | 0.99% |
| Base expense ratio (Direct) | 0.34% | 0.70% |
| Total expense ratio (Regular) | 3.72% | 2.35% |
| Base expense ratio (Regular) | 2.10% | 1.86% |
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.
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The Wealth Company Small Cap Fund vs Union Innovation & Opportunities Fund: Frequently Asked Questions
What is the difference between The Wealth Company Small Cap Fund and Union Innovation & Opportunities Fund?
The Wealth Company Small Cap Fund is a Small Cap fund, Union Innovation & Opportunities Fund is a Thematic fund, run by The Wealth Company Mutual Fund and Union Mutual Fund. Their portfolios overlap 17.2%. The Wealth Company Small Cap Fund charges 1.79% a year and Union Innovation & Opportunities Fund 0.99%.
Which has the lower expense ratio, The Wealth Company Small Cap Fund or Union Innovation & Opportunities Fund?
Union Innovation & Opportunities Fund charges less: 0.99% a year against 1.79%. These are the Direct plans' total expense ratios reported to AMFI.
How much do The Wealth Company Small Cap Fund and Union Innovation & Opportunities Fund overlap?
17.2%. They hold 11 of the same securities, the largest shared ones being GROWW, ATHERENERG, AMBER. From each fund's latest monthly portfolio.
Which is riskier, The Wealth Company Small Cap Fund or Union Innovation & Opportunities Fund?
On SEBI's riskometer, The Wealth Company Small Cap Fund is rated Very High and Union Innovation & Opportunities Fund Very High. Over their common history, the standard deviation of daily returns was 15.40% and 17.64% a year.
Can I invest in both The Wealth Company Small Cap Fund and Union Innovation & Opportunities Fund?
Yes. 17.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages The Wealth Company Small Cap Fund and Union Innovation & Opportunities Fund?
The Wealth Company Small Cap Fund: Aparna Shanker, Chinmay Sathe. Union Innovation & Opportunities 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.