Union Small Cap Fund

Small CapDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Union Small Cap Fund is a Small Cap fund run by Union Mutual Fund. On 30-09-2026, it managed ₹2,732 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 14.6% a year and its Regular plan returned 13.3% a year. Its benchmark, BSE 250 SmallCap Index TRI, returned 10.9% a year over the same 3 years.

NAV (Direct plan): ₹62.58; ▼ 1.62%30-10-2026
NAV (Regular plan): ₹55.87; ▼ 1.64%30-10-2026
Expense ratio: 1.10%Direct2.17%Regular; 1.10%; A year
Riskometer: Very High; Set by the fund house
3 year return: 14.6%Direct13.3%Regular; 14.6%; A year

Union Small Cap Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹62.58 (down 1.62% that day); Regular Plan Growth ₹55.87 (down 1.64% that day).

This fund (Direct plan)

₹62.58

Union Small Cap Fund Returns vs BSE 250 SmallCap Index TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−5.54%	−1.57%	+6.90%	+11.79%	+14.64%	+16.16%	+16.45%
This fund (Regular)	−5.63%	−1.86%	+6.32%	+10.57%	+13.31%	+14.88%	+15.37%
BSE 250 SmallCap Index TRI	−6.23%	−6.49%	−1.16%	−5.16%	+10.88%	+12.21%	+13.22%
Small Cap average	−5.86%	−3.28%	+5.03%	+3.00%	+14.03%	+14.51%	+16.19%
Best in Small Cap	−2.98%	+10.76%	+19.23%	+19.98%	+22.07%	+18.46%	+19.94%
Worst in Small Cap	−11.16%	−7.95%	−4.62%	−10.42%	+8.13%	+10.69%	+12.47%
Rank in Small Cap	17/36	10/36	13/36	3/31	9/24	7/21	5/12

Category rows compare the Direct plans of 36 Small Cap funds. Rank 1 is the highest return.

Union Small Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	BSE 250 SmallCap Index TRI
2026to date	+15.59%	+14.53%	−1.15%
2025	−3.61%	−4.71%	−5.17%
2024	+25.16%	+23.62%	+25.11%
2023	+42.98%	+41.38%	+47.26%
2022	−0.03%	−1.01%	−1.02%
2021	+63.37%	+62.14%	+59.11%

Union Small Cap Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,307 periods, one for each trading day from 19-06-2017 to 30-10-2026.

−20%−10%0%10%20%30%40%50%

Mar 2015
to
Mar 2018Oct 2016
to
Oct 2019May 2018
to
May 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026

Union Small Cap Fund (Direct)BSE 250 SmallCap Index TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	2,801	14.3%	−28.3%	116.8%	22%	6.8%	61%
2 years	2,554	15.7%	−20.2%	71.4%	14%	16.3%	57%
3 years	2,307	18.5%	−9.3%	43.1%	6%	17.3%	50%
5 years	1,817	17.2%	−3.4%	35.7%	2%	14.9%	88%
7 years	1,323	17.4%	11.6%	27.2%	0%	15.2%	100%
10 years	585	16.7%	12.8%	18.5%	0%	15.5%	90%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	137	15.9%	−37.8%	103.4%	28%	9.7%	55%
2 years	125	15.8%	−23.9%	71.1%	18%	15.2%	54%
3 years	113	17.5%	−18.4%	47.1%	15%	20.9%	53%
5 years	89	21.0%	−8.7%	34.2%	7%	19.1%	72%
7 years	65	21.6%	16.2%	28.2%	0%	19.1%	89%
10 years	29	19.4%	16.2%	22.3%	0%	18.1%	97%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than BSE 250 SmallCap Index TRI over the same days. Past returns do not promise future returns.

Union Small Cap Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Union Small Cap Fund (Direct)This fund	BSE 250 SmallCap Index TRI
Return (CAGR)	+11.79%	−5.16%
Standard deviation	19.25%	17.84%
Sharpe ratio	0.34	-0.58
Sortino ratio	0.47	-0.79
Maximum drawdown	−12.3% (23-03-2026)	−19.0% (23-03-2026)
Beta	1.01	1.00
Alpha	+17.02%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Union Small Cap Fund (Direct)This fund	BSE 250 SmallCap Index TRI
Return (CAGR)	+14.64%	+10.88%
Standard deviation	18.80%	18.52%
Sharpe ratio	0.46	0.26
Sortino ratio	0.61	0.35
Maximum drawdown	−26.2% (03-03-2025)	−26.2% (03-03-2025)
Beta	0.96	1.00
Alpha	+3.93%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Union Small Cap Fund (Direct)This fund	BSE 250 SmallCap Index TRI
Return (CAGR)	+16.16%	+12.21%
Standard deviation	17.35%	18.06%
Sharpe ratio	0.60	0.35
Sortino ratio	0.79	0.46
Maximum drawdown	−26.2% (03-03-2025)	−26.4% (20-06-2022)
Beta	0.90	1.00
Alpha	+4.58%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Union Small Cap Fund (Direct)This fund	BSE 250 SmallCap Index TRI
Return (CAGR)	+16.45%	+13.22%
Standard deviation	17.14%	18.80%
Sharpe ratio	0.64	0.42
Sortino ratio	0.85	0.54
Maximum drawdown	−44.7% (23-03-2020)	−58.8% (24-03-2020)
Beta	0.85	1.00
Alpha	+4.39%	0.00%

From daily NAVs, 28-10-2016 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Union Small Cap Fund (Direct)This fund	BSE 250 SmallCap Index TRI
Return (CAGR)	+15.92%	+12.87%
Standard deviation	16.91%	18.72%
Sharpe ratio	0.60	0.38
Sortino ratio	0.79	0.49
Maximum drawdown	−44.7% (23-03-2020)	−58.8% (24-03-2020)
Beta	0.85	1.00
Alpha	+4.15%	0.00%

From daily NAVs, 17-06-2014 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−60%−50%−40%−30%−20%−10%0%

201520172019202120232025

Union Small Cap Fund (Direct)BSE 250 SmallCap Index TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Union Small Cap Fund (Direct)	−44.7%	15-01-2018	23-03-2020	09-12-2020	9 months	−9.0%
BSE 250 SmallCap Index TRI	−58.8%	15-01-2018	24-03-2020	03-03-2021	11 months	−11.5%

From the Direct plan's daily NAV since 17-06-2014, adjusted for unit splits, and BSE 250 SmallCap Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Union Small Cap Fund vs Other Small Cap Funds

The five Small Cap funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
ITI Small Cap Fund	1/24	3,666	0.84%	+11.05%	+22.07%	+9.83%	0.98	0.83	1.12	Compare
Bandhan Small Cap Fund	2/24	34,176	0.65%	+0.99%	+21.67%	+11.21%	0.91	0.90	1.23	Compare
Invesco India Small cap Fund	3/24	16,131	0.64%	+6.15%	+20.29%	+9.79%	0.92	0.80	1.09	Compare
Bank of India Small Cap Fund	4/24	3,671	0.81%	+16.64%	+18.62%	+6.63%	0.94	0.67	0.90	Compare
Mahindra Manulife Small Cap Fund	5/24	5,373	0.93%	+6.31%	+18.00%	+7.33%	0.96	0.66	0.88	Compare
Union Small Cap Fund	9/24	2,732	1.10%	+11.79%	+14.64%	+3.93%	0.96	0.46	0.61

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Union Small Cap Fund Expense Ratio and Costs

What each plan charges a year, in force from 24-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Small Cap median	Cost rank (1 = cheapest)
Direct	0.78%	0.05%	0.00%	0.27%	1.10%	0.91%	29/36
Regular	1.70%	0.05%	0.00%	0.42%	2.17%	2.06%	21/36

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Small Cap funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	10.57%	11.79%	1.22%	₹1,10,570	₹1,11,790
3 years	13.31%	14.64%	1.33% a year	₹1,45,480	₹1,50,664
5 years	14.88%	16.16%	1.28% a year	₹2,00,089	₹2,11,487
10 years	15.37%	16.45%	1.08% a year	₹4,17,762	₹4,58,559

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Union Small Cap Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 17-06-2014 to 30-10-2026: 149 instalments, ₹14,90,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planUnion Small Cap Fund (Direct)	₹14,90,000	₹48,23,110	₹33,33,110	17.6%
Regular planUnion Small Cap Fund (Regular)	₹14,90,000	₹44,69,468	₹29,79,468	16.5%
BSE 250 SmallCap Index TRI	₹14,90,000	₹38,33,900	₹23,43,900	14.3%
Category averageCategory average, 36 Small Cap funds	₹14,90,000	₹51,02,609	₹36,12,609	18.4%

₹0₹20.0 L₹40.0 L₹60.0 L

201520172019202120232025

Direct planUnion Small Cap Fund (Direct)Regular planUnion Small Cap Fund (Regular)BSE 250 SmallCap Index TRICategory averageCategory average, 36 Small Cap fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.

Union Small Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

98.4%Equity

Asset	Fund	Category
Equity	98.4%	93.6%
Cash and others	1.5%	5.8%
Debt	0.1%	0.6%

Market cap of stocks

Market cap	Fund	Category
Large Cap	4.0%	4.8%
Mid Cap	16.4%	10.9%
Small Cap	71.0%	73.6%
Not on AMFI's list	7.0%	4.2%

Share of the whole fund. Category: the average of the Small Cap funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Union Small Cap Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Electrical Equipment10.9%
Industrial Products9.7%
Pharmaceuticals & Biotechnology9.7%
Auto Components8.8%
Capital Markets8.1%
Banks8.0%
Chemicals & Petrochemicals5.7%
Healthcare Services3.8%
Consumer Durables3.6%
Aerospace & Defense2.8%

The ten largest of 31 sectors. The other 21 add up to 27.3%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Electrical Equipment	10.0%	10.8%	10.9%	+0.9%
Industrial Products	9.5%	9.6%	9.7%	+0.2%
Pharmaceuticals & Biotechnology	8.7%	8.8%	9.7%	+1.0%
Auto Components	9.9%	9.4%	8.8%	−1.1%
Capital Markets	8.4%	7.9%	8.1%	−0.4%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Union Small Cap Fund Portfolio Holdings

As on 30-09-2026 · 86 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
Navin Fluorine International Ltd.	Chemicals & Petrochemicals	3.40%	0.0%
Gabriel India Ltd.	Auto Components	3.08%	+1.1%
Karur Vysya Bank Ltd.	Banks	3.06%	0.0%
Multi Commodity Exchange of India Ltd.	Capital Markets	2.99%	0.0%
Kirloskar Oil Engines Ltd.	Industrial Products	2.87%	0.0%
GE Vernova T&D India Ltd.	Electrical Equipment	2.73%	0.0%
Milky Mist Dairy Food Ltd.	Food Products	2.52%	0.0%
S.J.S. Enterprises Ltd.	Auto Components	2.45%	0.0%
Azad Engineering Ltd.	Electrical Equipment	2.44%	0.0%
Ujjivan Small Finance Bank Ltd.	Banks	2.24%	0.0%
Corona Remedies Ltd.	Pharmaceuticals & Biotechnology	2.20%	+6.3%
Data Patterns (India) Ltd.	Aerospace & Defense	2.20%	0.0%
Hindustan Copper Ltd.	Non - Ferrous Metals	2.12%	0.0%
Acutaas Chemicals Ltd.	Pharmaceuticals & Biotechnology	1.94%	0.0%
Hitachi Energy India Ltd.	Electrical Equipment	1.77%	+14.5%
Sai Life Sciences Ltd.	Pharmaceuticals & Biotechnology	1.76%	0.0%
Torrent Pharmaceuticals Ltd.	Pharmaceuticals & Biotechnology	1.68%	0.0%
City Union Bank Ltd.	Banks	1.65%	0.0%
Radico Khaitan Ltd.	Beverages	1.60%	0.0%
MTAR technologies Ltd.	Electrical Equipment	1.59%	0.0%
Sansera Engineering Ltd.	Auto Components	1.59%	0.0%
Krishna Institute of Medical Sciences Ltd.	Healthcare Services	1.56%	0.0%
Tempsens Instruments (India) Ltd.	Industrial Manufacturing	1.46%	+194.0%
CarTrade Tech Ltd.	Retailing	1.27%	0.0%
Welspun Corp Ltd.	Industrial Products	1.27%	0.0%
KEI Industries Ltd.	Industrial Products	1.26%	0.0%
Kfin Technologies Ltd.	Capital Markets	1.25%	0.0%
eClerx Services Ltd.	Commercial Services & Supplies	1.24%	0.0%
Amber Enterprises India Ltd.	Consumer Durables	1.22%	0.0%
Vijaya Diagnostic Centre Ltd.	Healthcare Services	1.21%	0.0%
K.P.R. Mill Ltd.	Textiles & Apparels	1.20%	0.0%
PNB Housing Finance Ltd.	Finance	1.18%	+12.6%
Eureka Forbes Ltd.	Consumer Durables	1.15%	0.0%
Ather Energy Ltd.	Automobiles	1.15%	0.0%
Apar Industries Ltd.	Electrical Equipment	1.13%	0.0%
RBL Bank Ltd.	Banks	1.07%	0.0%
PTC Industries Ltd.	Industrial Products	1.03%	0.0%
KSB Ltd.	Industrial Products	1.02%	0.0%
Home First Finance Company India Ltd.	Finance	1.02%	0.0%
Syrma SGS Technology Ltd.	Industrial Manufacturing	1.02%	0.0%
Fortis Healthcare Ltd.	Healthcare Services	1.01%	0.0%
Cemindia Projects Ltd.	Construction	0.99%	0.0%
TD Power Systems Ltd.	Electrical Equipment	0.98%	0.0%
Shilpa Medicare Ltd.	Pharmaceuticals & Biotechnology	0.91%	New
Sagility Ltd.	IT - Services	0.90%	0.0%
Prudent Corporate Advisory Services Ltd.	Capital Markets	0.89%	+34.7%
Doms Industries Ltd.	Household Products	0.87%	0.0%
Shadowfax Technologies Ltd.	Transport Services	0.87%	0.0%
Sumitomo Chemical India Ltd.	Fertilizers & Agrochemicals	0.84%	0.0%
JK Cement Ltd.	Cement & Cement Products	0.80%	0.0%
National Stock Exchange of India Ltd.	Capital Markets	0.78%	New
Neuland Laboratories Ltd.	Pharmaceuticals & Biotechnology	0.78%	0.0%
Delhivery Ltd.	Transport Services	0.76%	0.0%
Inox India Ltd.	Industrial Products	0.75%	0.0%
Aarti Industries Ltd.	Chemicals & Petrochemicals	0.71%	0.0%
SKY Gold & Diamonds Ltd.	Consumer Durables	0.71%	0.0%
Brigade Enterprises Ltd.	Realty	0.69%	0.0%
360 ONE WAM Ltd.	Capital Markets	0.67%	0.0%
Jubilant Ingrevia Ltd.	Chemicals & Petrochemicals	0.66%	0.0%
AFFLE 3I Ltd.	IT - Services	0.66%	0.0%
ZF Commercial Vehicle Control Systems India Ltd.	Auto Components	0.64%	0.0%
Sobha Ltd.	Realty	0.61%	0.0%
Garden Reach Shipbuilders & Engineers Ltd.	Aerospace & Defense	0.60%	0.0%
Craftsman Automation Ltd.	Auto Components	0.59%	0.0%
Angel One Ltd.	Capital Markets	0.58%	0.0%
BSE Ltd.	Capital Markets	0.57%	0.0%
Venus Pipes And Tubes Ltd.	Industrial Products	0.56%	0.0%
Honasa Consumer Ltd.	Personal Products	0.55%	0.0%
Varmora Granito Ltd.	Consumer Durables	0.55%	New
Aether Industries Ltd.	Chemicals & Petrochemicals	0.53%	0.0%
KSH International Ltd.	Industrial Products	0.51%	0.0%
Info Edge (India) Ltd.	Retailing	0.48%	New
Shiprocket Ltd.	Transport Services	0.47%	0.0%
Lumax Auto Technologies Ltd.	Auto Components	0.44%	0.0%
Graphite India Ltd.	Industrial Products	0.44%	New
Deepak Fertilizers and Petrochemicals Corporation Ltd.	Chemicals & Petrochemicals	0.43%	0.0%
Power Mech Projects Ltd.	Construction	0.43%	+34.3%
One 97 Communications Ltd.	Financial Technology (Fintech)	0.43%	New
Chalet Hotels Ltd.	Leisure Services	0.42%	0.0%
Max Financial Services Ltd.	Insurance	0.40%	0.0%
Anthem Biosciences Ltd.	Pharmaceuticals & Biotechnology	0.40%	0.0%
Nippon Life India Asset Management Ltd.	Capital Markets	0.39%	0.0%
CESC Ltd.	Power	0.34%	0.0%
Kanohar Electricals Ltd.	Electrical Equipment	0.25%	New
91 Day Treasury Bills · Government security	Sovereign	0.04%
91 Day Treasury Bills · Government security	Sovereign	0.03%

Union Small Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Gabriel India Ltd.	Added	+1.1%	3.08%
Corona Remedies Ltd.	Added	+6.3%	2.20%
Hitachi Energy India Ltd.	Added	+14.5%	1.77%
Tempsens Instruments (India) Ltd.	Added	+194.0%	1.46%
PNB Housing Finance Ltd.	Added	+12.6%	1.18%
Shilpa Medicare Ltd.	New	New	0.91%
Prudent Corporate Advisory Services Ltd.	Added	+34.7%	0.89%
National Stock Exchange of India Ltd.	New	New	0.78%
Varmora Granito Ltd.	New	New	0.55%
Info Edge (India) Ltd.	New	New	0.48%
CreditAccess Grameen Ltd.	Sold out	−100%	was 0.48%
Graphite India Ltd.	New	New	0.44%
Power Mech Projects Ltd.	Added	+34.3%	0.43%
One 97 Communications Ltd.	New	New	0.43%
RHI Magnesita India Ltd.	Sold out	−100%	was 0.29%
Kanohar Electricals Ltd.	New	New	0.25%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Union Small Cap Fund bought and sold

Union Small Cap Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
ITI Small Cap FundSmall Cap · ITI	40.0%	40	Compare
TRUSTMF Small Cap FundSmall Cap · Trust	36.6%	33	Compare
Union Multicap FundMulti Cap · Union	35.5%	39	Compare
Union Retirement FundSolution · Union	35.1%	34	Compare
Edelweiss Small Cap FundSmall Cap · Edelweiss	34.4%	31	Compare
HSBC Small Cap FundSmall Cap · HSBC	34.3%	37	Compare
PGIM India Small Cap FundSmall Cap · PGIM India	32.2%	28	Compare
Aditya Birla Sun Life Small Cap FundSmall Cap · Aditya Birla Sun Life	31.5%	28	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Union Small Cap Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.10%
Expense ratio (Regular): 2.17%
Category: Small Cap
Risk: Very High
Benchmark: BSE 250 Smallcap TRI
Launch date: 10-06-2014
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹2,731.92 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 129649
ISIN (Direct): INF582M01BU9
Scheme code (Regular): 129647
ISIN (Regular): INF582M01BY1
NAV history: From 17-06-2014, 12.4 years

Exit load: Exit load of 1%, if redeemed within 15 days.

Tax on Union Small Cap Fund returns

Union Small Cap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹62.58	30-10-2026
direct	IDCW	₹41.18	30-10-2026
regular	Growth	₹55.87	30-10-2026
regular	IDCW	₹42.88	30-10-2026

About Union Small Cap Fund

Union Small Cap Fund is a mutual fund from Union Mutual Fund. Its category is Small Cap. It was launched on 10-06-2014. Its benchmark is BSE 250 Smallcap TRI. At the end of September 2026 it held 86 securities.

Fund Manager

Pratik Dharmshi
Fund manager of Union Small Cap Fund, since 09-12-2024
Gaurav Chopra
Fund manager of Union Small Cap Fund, since 01-11-2024

See all funds of Union Mutual Fund

AUM change

September 2026: ₹2,731.92 Cr; +2.42% from August 2026
August 2026: ₹2,667.47 Cr; +11.05% from July 2026
July 2026: ₹2,401.95 Cr; +5.92% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Union Small Cap Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Union Small Cap vs ITI Small Cap40.0% overlap
Union Small Cap vs Bandhan Small CapSmall Cap
Union Small Cap vs Invesco India Small capSmall Cap
Union Small Cap vs Bank of India Small CapSmall Cap
Union Small Cap vs Mahindra Manulife Small CapSmall Cap
Union Small Cap vs TRUSTMF Small Cap36.6% overlap
Union Small Cap vs Union Multicap35.5% overlap
Union Small Cap vs Union Retirement35.1% overlap

Compare with any other fund

Frequently Asked Questions for Union Small Cap Fund

What is the current NAV of Union Small Cap Fund?

The Direct plan NAV is ₹62.58. The Regular plan NAV is ₹55.87, as on 30-10-2026.

What are the returns of Union Small Cap Fund?

The Direct plan returned +11.79% in 1 year, +14.64% a year over 3 years, +16.16% a year over 5 years. The Regular plan returned +10.57% in 1 year, +13.31% a year over 3 years, +14.88% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Union Small Cap Fund?

The Direct plan charges 1.10% a year. The Regular plan charges 2.17% a year. This is the figure the fund house reported to AMFI, in force from 24-10-2026.

What is the AUM of Union Small Cap Fund?

Union Small Cap Fund managed ₹2,731.92 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Union Small Cap Fund?

At the end of September 2026 the largest holdings were NAVINFLUOR (3.40%), GABRIEL (3.08%), KARURVYSYA (3.06%), MCX (2.99%), KIRLOSENG (2.87%). The fund held 86 securities in all.

What did Union Small Cap Fund buy and sell in September 2026?

It bought 7 new stocks: Varmora Granito Ltd, Graphite India Ltd, Info Edge (India) Ltd, National Stock Exchange of India Ltd, Shilpa Medicare Ltd. It sold out of 2: CreditAccess Grameen Ltd, RHI Magnesita India Ltd. It added shares in 7.

How do I invest in Union Small Cap Fund?

Through Union Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of Union Small Cap Fund?

Pratik Dharmshi (since 09-12-2024), Gaurav Chopra (since 01-11-2024).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.