What stocks does Union Multicap Fund hold?

Union Multicap Fund holds a portfolio of Indian equity stocks disclosed monthly by Union Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Union Multicap Fund?

Union Multicap Fund is managed by Union Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Union Multicap Fund?

Union Multicap Fund is classified as a Multi Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is Union Multicap Fund portfolio data updated?

Portfolio holdings for Union Multicap Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Union Mutual Fund

Union Multicap Fund - Direct Plan - Growth Option

Multi Cap Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹1,404.86 Cr

Equity only, excl. debt & cash

AAUM

₹1,337.01 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

14.0%

Diversified

Top 10 Weight

23.7%

Diversified

Changes

5 new · 3 exits

Top Sector

Banks

16.3% of portfolio

Launch Date

28 Nov 2022

4 years old

AAUM (Average Assets Under Management) of ₹1,337.01 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Union Multicap Fund made 5 new additions and exited 3 stocks this month. The biggest new buy was Adani Ports and Special Economic Zone Limited (Transport Infrastructure) at 1.28% weight. KEI Industries Limited was the biggest exit (Industrial Products), which was held at 1.16%. Among existing holdings, Welspun Corp Limited saw the biggest increase — now at 0.73% of the portfolio. Bharti Airtel Limited was trimmed the most, now at 1.35%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.3%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Union Multicap Fund - Direct Plan - Growth Option

-4.02%

-1.50%

+8.67%

+5.74%

Latest NAV

₹17.68

09 Oct 2026

52W High

₹18.80

-6% from High

52W Low

₹14.89

+19% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+3.9%

2024

+24.0%

2023

+33.6%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

19.5%

+ve in 96% windows

53.3% / -5.3%

3Y Rolling Avg

18.9% p.a.

+ve in 100% windows

22.3% / 15.5%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-19.4%

Rec: Oct 2025 (1yr)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.60

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.81

Penalises downside volatility only.

Std Deviation (3Y)

15.0%

Lower = more consistent returns.

NAV Chart ₹17.68 09 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

Union Multicap Fund - Direct Plan - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹17.68

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	20.1%	17.6%	▼ -2.5%
Auto Components	9.5%	8.6%	▼ -0.9%
Pharmaceuticals & Biotechnology	7.2%	6.7%	▼ -0.4%
Finance	4.1%	5.3%	▲ +1.2%
IT - Software	5.2%	5.3%	● +0.1%
Industrial Products	4.8%	4.9%	● +0.1%
Consumer Durables	3.7%	3.9%	▲ +0.2%
Electrical Equipment	4.8%	3.6%	▼ -1.2%
Capital Markets	2.4%	3.5%	▲ +1.1%
Chemicals & Petrochemicals	2.8%	3.2%	▲ +0.4%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	17.6%	16.3%	▼ -1.4%
Auto Components	8.6%	8.6%	● -0.1%
Pharmaceuticals & Biotechnology	6.7%	8.3%	▲ +1.6%
Industrial Products	4.9%	4.2%	▼ -0.7%
IT - Software	5.3%	4.2%	▼ -1.1%
Consumer Durables	3.9%	4.0%	● +0.1%
Finance	5.3%	3.9%	▼ -1.4%
Electrical Equipment	3.6%	3.6%	● -0.1%
Capital Markets	3.5%	3.4%	● -0.1%
Chemicals & Petrochemicals	3.2%	3.3%	▲ +0.1%

🟢

Biggest New Buy

Adani Ports and Special Economic Zone Limited

1.28% weight · Transport Infrastructure

🔴

Biggest Exit

KEI Industries Limited

1.16% was held · Industrial Products

↑

Biggest Add

Welspun Corp Limited

+0.42% · now 0.73%

↓

Biggest Trim

Bharti Airtel Limited

-0.99% · now 1.35%

🤝 Other funds also bought this month

MTAR Technologies Limited 33 funds

Zydus Lifesciences Limited 18 funds

ICICI Lombard General Insurance Company Limited 17 funds

Adani Ports and Special Economic Zone Limited 16 funds

Sumitomo Chemical India Limited 6 funds

👋 Other funds also exited

KEI Industries Limited 22 funds

Jindal Steel Limited 14 funds

CreditAccess Grameen Limited 11 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 5 New Entries 🔴 3 Exits ↑ 22 Increased ↓ 47 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Adani Ports and Special Economic Zone Limited ₹19.41 Cr	Transport Infrastructure	1.28%
2	Zydus Lifesciences Limited ₹14.81 Cr	Pharmaceuticals & Biotechnology	0.98%
3	MTAR Technologies Limited ₹8.32 Cr	Aerospace & Defense	0.55%
4	ICICI Lombard General Insurance Company Limited ₹7.87 Cr	Insurance	0.52%
5	Sumitomo Chemical India Limited ₹7.27 Cr	Fertilizers & Agrochemicals	0.48%

#	Stock	Sector	Last Weight (Aug 2026)
1	KEI Industries Limited ₹18.10 Cr	Industrial Products	1.16%
2	CreditAccess Grameen Limited ₹8.26 Cr	Finance	0.53%
3	Jindal Steel Limited ₹6.76 Cr	Ferrous Metals	0.43%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Welspun Corp Limited ₹11.02 Cr	Industrial Products	0.31%	0.73%	+0.42%
2	CarTrade Tech Limited ₹23.43 Cr	Retailing	1.16%	1.55%	+0.39%
3	Sun Pharmaceutical Industries Limited ₹31.44 Cr	Pharmaceuticals & Biotechnology	1.69%	2.07%	+0.38%
4	LG Electronics India Ltd ₹24.44 Cr	Consumer Durables	1.30%	1.61%	+0.31%
5	Aarti Industries Limited ₹7.07 Cr	Chemicals & Petrochemicals	0.24%	0.47%	+0.23%
6	Sansera Engineering Limited ₹21.17 Cr	Auto Components	1.20%	1.40%	+0.20%
7	Info Edge (India) Limited ₹24.95 Cr	Retailing	1.47%	1.65%	+0.18%
8	The Phoenix Mills Limited ₹20.74 Cr	Realty	1.21%	1.37%	+0.16%
9	Sai Life Sciences Limited ₹28.13 Cr	Pharmaceuticals & Biotechnology	1.72%	1.86%	+0.14%
10	RBL Bank Limited ₹18.13 Cr	Banks	1.09%	1.20%	+0.11%
11	Shadowfax Technologies Ltd. ₹15.27 Cr	Transport Services	0.90%	1.01%	+0.11%
12	Multi Commodity Exchange of India Limited ₹24.88 Cr	Capital Markets	1.54%	1.64%	+0.10%
13	HDFC Bank Limited ₹44.65 Cr	Banks	2.86%	2.95%	+0.09%
14	KSB Limited ₹11.05 Cr	Industrial Products	0.67%	0.73%	+0.06%
15	Acutaas Chemicals Ltd ₹15.07 Cr	Pharmaceuticals & Biotechnology	0.93%	0.99%	+0.06%
16	Adani Enterprises Limited ₹16.78 Cr	Metals & Minerals Trading	1.06%	1.11%	+0.05%
17	Sona BLW Precision Forgings Limited ₹16.51 Cr	Auto Components	1.04%	1.09%	+0.05%
18	PTC Industries Limited ₹20.47 Cr	Industrial Products	1.31%	1.35%	+0.04%
19	Azad Engineering Ltd ₹9.89 Cr	Electrical Equipment	0.61%	0.65%	+0.04%
20	Radico Khaitan Limited ₹25.72 Cr	Beverages	1.69%	1.70%	+0.01%
21	IPCA Laboratories Limited ₹21.31 Cr	Pharmaceuticals & Biotechnology	1.40%	1.41%	+0.01%
22	Timken India Limited ₹8.83 Cr	Industrial Products	0.57%	0.58%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Bharti Airtel Limited ₹20.43 Cr	Telecom - Services	2.34%	1.35%	-0.99%
2	Coforge Limited ₹20.13 Cr	IT - Software	2.18%	1.33%	-0.85%
3	The Federal Bank Limited ₹9.99 Cr	Banks	1.41%	0.66%	-0.75%
4	One 97 Communications Limited ₹31.68 Cr	Financial Technology (Fintech)	2.60%	2.09%	-0.51%
5	Larsen & Toubro Limited ₹36.60 Cr	Construction	2.86%	2.41%	-0.45%
6	Shriram Finance Limited ₹23.04 Cr	Finance	1.93%	1.52%	-0.41%
7	ICICI Bank Limited ₹63.66 Cr	Banks	4.48%	4.20%	-0.28%
8	State Bank of India ₹25.55 Cr	Banks	1.93%	1.69%	-0.24%
9	Ather Energy Limited ₹20.52 Cr	Automobiles	1.58%	1.35%	-0.23%
10	Cholamandalam Investment and Finance Company Ltd ₹15.26 Cr	Finance	1.22%	1.01%	-0.21%
11	L&T Finance Limited ₹6.66 Cr	Finance	0.64%	0.44%	-0.20%
12	Dixon Technologies (India) Limited ₹29.67 Cr	Consumer Durables	2.15%	1.96%	-0.19%
13	Prestige Estates Projects Limited ₹17.60 Cr	Realty	1.35%	1.16%	-0.19%
14	Fortis Healthcare Limited ₹17.63 Cr	Healthcare Services	1.33%	1.16%	-0.17%
15	Mphasis Limited ₹26.72 Cr	IT - Software	1.93%	1.76%	-0.17%
16	Max Financial Services Limited ₹13.69 Cr	Insurance	1.05%	0.90%	-0.15%
17	S.J.S. Enterprises Limited ₹30.57 Cr	Auto Components	2.16%	2.02%	-0.14%
18	Prudent Corporate Advisory Services Limited ₹14.47 Cr	Capital Markets	1.09%	0.95%	-0.14%
19	Karur Vysya Bank Limited ₹35.22 Cr	Banks	2.41%	2.32%	-0.09%
20	Ujjivan Small Finance Bank Limited ₹15.39 Cr	Banks	1.11%	1.02%	-0.09%
21	Solar Industries India Limited ₹19.79 Cr	Chemicals & Petrochemicals	1.39%	1.31%	-0.08%
22	Tata Motors Ltd ₹14.56 Cr	Agricultural, Commercial & Construction Vehicles	1.04%	0.96%	-0.08%
23	Zen Technologies Limited ₹14.22 Cr	Aerospace & Defense	1.01%	0.94%	-0.07%
24	Honasa Consumer Limited ₹14.35 Cr	Personal Products	1.02%	0.95%	-0.07%
25	Gabriel India Limited ₹26.88 Cr	Auto Components	1.84%	1.77%	-0.07%
26	Bharat Heavy Electricals Limited ₹22.66 Cr	Electrical Equipment	1.55%	1.49%	-0.06%
27	Craftsman Automation Limited ₹20.34 Cr	Auto Components	1.40%	1.34%	-0.06%
28	IDBI Bank Limited ₹10.84 Cr	Banks	0.77%	0.71%	-0.06%
29	Reliance Industries Limited ₹17.00 Cr	Petroleum Products	1.17%	1.12%	-0.05%
30	Nippon Life India Asset Management Limited ₹12.11 Cr	Capital Markets	0.85%	0.80%	-0.05%
31	ZF Commercial Vehicle Control Systems India Limited ₹14.29 Cr	Auto Components	0.99%	0.94%	-0.05%
32	Axis Bank Limited ₹23.13 Cr	Banks	1.57%	1.53%	-0.04%
33	Cummins India Limited ₹12.62 Cr	Industrial Products	0.87%	0.83%	-0.04%
34	Aditya Birla Capital Limited ₹14.54 Cr	Finance	1.00%	0.96%	-0.04%
35	Hitachi Energy India Limited ₹8.83 Cr	Electrical Equipment	0.62%	0.58%	-0.04%
36	Hindustan Copper Limited ₹8.59 Cr	Non - Ferrous Metals	0.61%	0.57%	-0.04%
37	Amber Enterprises India Limited ₹6.21 Cr	Consumer Durables	0.45%	0.41%	-0.04%
38	Persistent Systems Limited ₹17.08 Cr	IT - Software	1.16%	1.13%	-0.03%
39	Navin Fluorine International Limited ₹23.30 Cr	Chemicals & Petrochemicals	1.57%	1.54%	-0.03%
40	Data Patterns (India) Limited ₹14.90 Cr	Aerospace & Defense	1.01%	0.98%	-0.03%
41	TVS Motor Company Limited ₹13.35 Cr	Automobiles	0.90%	0.88%	-0.02%
42	Torrent Pharmaceuticals Limited ₹14.86 Cr	Pharmaceuticals & Biotechnology	1.00%	0.98%	-0.02%
43	GE Vernova T&D India Limited ₹12.73 Cr	Electrical Equipment	0.86%	0.84%	-0.02%
44	Marico Limited ₹22.89 Cr	Agricultural Food & other Products	1.53%	1.51%	-0.02%
45	K.P.R. Mill Limited ₹10.13 Cr	Textiles & Apparels	0.69%	0.67%	-0.02%
46	UltraTech Cement Limited ₹13.63 Cr	Cement & Cement Products	0.91%	0.90%	-0.01%
47	JSW Steel Limited ₹13.18 Cr	Ferrous Metals	0.88%	0.87%	-0.01%

What Stocks Does This Fund Hold?

75 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹63.66 Cr	Banks	4.20%
2	HDFC Bank Limited ₹44.65 Cr	Banks	2.95%
3	Larsen & Toubro Limited ₹36.60 Cr	Construction	2.41%
4	Karur Vysya Bank Limited ₹35.22 Cr	Banks	2.32%
5	One 97 Communications Limited ₹31.68 Cr	Financial Technology (Fintech)	2.09%
6	Sun Pharmaceutical Industries Limited ₹31.44 Cr	Pharmaceuticals & Biotechnology	2.07%
7	S.J.S. Enterprises Limited ₹30.57 Cr	Auto Components	2.02%
8	Dixon Technologies (India) Limited ₹29.67 Cr	Consumer Durables	1.96%
9	Sai Life Sciences Limited ₹28.13 Cr	Pharmaceuticals & Biotechnology	1.86%
10	Gabriel India Limited ₹26.88 Cr	Auto Components	1.77%
11	Mphasis Limited ₹26.72 Cr	IT - Software	1.76%
12	Radico Khaitan Limited ₹25.72 Cr	Beverages	1.70%
13	State Bank of India ₹25.55 Cr	Banks	1.69%
14	Info Edge (India) Limited ₹24.95 Cr	Retailing	1.65%
15	Multi Commodity Exchange of India Limited ₹24.88 Cr	Capital Markets	1.64%
16	LG Electronics India Ltd ₹24.44 Cr	Consumer Durables	1.61%
17	CarTrade Tech Limited ₹23.43 Cr	Retailing	1.55%
18	Navin Fluorine International Limited ₹23.30 Cr	Chemicals & Petrochemicals	1.54%
19	Axis Bank Limited ₹23.13 Cr	Banks	1.53%
20	Shriram Finance Limited ₹23.04 Cr	Finance	1.52%
21	Marico Limited ₹22.89 Cr	Agricultural Food & other Products	1.51%
22	Bharat Heavy Electricals Limited ₹22.66 Cr	Electrical Equipment	1.49%
23	IPCA Laboratories Limited ₹21.31 Cr	Pharmaceuticals & Biotechnology	1.41%
24	Sansera Engineering Limited ₹21.17 Cr	Auto Components	1.40%
25	The Phoenix Mills Limited ₹20.74 Cr	Realty	1.37%
26	Ather Energy Limited ₹20.52 Cr	Automobiles	1.35%
27	PTC Industries Limited ₹20.47 Cr	Industrial Products	1.35%
28	Bharti Airtel Limited ₹20.43 Cr	Telecom - Services	1.35%
29	Craftsman Automation Limited ₹20.34 Cr	Auto Components	1.34%
30	Coforge Limited ₹20.13 Cr	IT - Software	1.33%
31	Solar Industries India Limited ₹19.79 Cr	Chemicals & Petrochemicals	1.31%
32	Adani Ports and Special Economic Zone Limited ₹19.41 Cr	Transport Infrastructure	1.28%
33	RBL Bank Limited ₹18.13 Cr	Banks	1.20%
34	Prestige Estates Projects Limited ₹17.60 Cr	Realty	1.16%
35	Fortis Healthcare Limited ₹17.63 Cr	Healthcare Services	1.16%
36	Persistent Systems Limited ₹17.08 Cr	IT - Software	1.13%
37	Reliance Industries Limited ₹17.00 Cr	Petroleum Products	1.12%
38	Adani Enterprises Limited ₹16.78 Cr	Metals & Minerals Trading	1.11%
39	Sona BLW Precision Forgings Limited ₹16.51 Cr	Auto Components	1.09%
40	Ujjivan Small Finance Bank Limited ₹15.39 Cr	Banks	1.02%
41	Cholamandalam Investment and Finance Company Ltd ₹15.26 Cr	Finance	1.01%
42	Shadowfax Technologies Ltd. ₹15.27 Cr	Transport Services	1.01%
43	Acutaas Chemicals Ltd ₹15.07 Cr	Pharmaceuticals & Biotechnology	0.99%
44	Data Patterns (India) Limited ₹14.90 Cr	Aerospace & Defense	0.98%
45	Torrent Pharmaceuticals Limited ₹14.86 Cr	Pharmaceuticals & Biotechnology	0.98%
46	Zydus Lifesciences Limited ₹14.81 Cr	Pharmaceuticals & Biotechnology	0.98%
47	Arvind Limited ₹14.75 Cr	Textiles & Apparels	0.97%
48	Aditya Birla Capital Limited ₹14.54 Cr	Finance	0.96%
49	Tata Motors Ltd ₹14.56 Cr	Agricultural, Commercial & Construction Vehicles	0.96%
50	Prudent Corporate Advisory Services Limited ₹14.47 Cr	Capital Markets	0.95%
51	Honasa Consumer Limited ₹14.35 Cr	Personal Products	0.95%
52	ZF Commercial Vehicle Control Systems India Limited ₹14.29 Cr	Auto Components	0.94%
53	Zen Technologies Limited ₹14.22 Cr	Aerospace & Defense	0.94%
54	UltraTech Cement Limited ₹13.63 Cr	Cement & Cement Products	0.90%
55	Max Financial Services Limited ₹13.69 Cr	Insurance	0.90%
56	TVS Motor Company Limited ₹13.35 Cr	Automobiles	0.88%
57	JSW Steel Limited ₹13.18 Cr	Ferrous Metals	0.87%
58	GE Vernova T&D India Limited ₹12.73 Cr	Electrical Equipment	0.84%
59	Cummins India Limited ₹12.62 Cr	Industrial Products	0.83%
60	Nippon Life India Asset Management Limited ₹12.11 Cr	Capital Markets	0.80%
61	KSB Limited ₹11.05 Cr	Industrial Products	0.73%
62	Welspun Corp Limited ₹11.02 Cr	Industrial Products	0.73%
63	IDBI Bank Limited ₹10.84 Cr	Banks	0.71%
64	K.P.R. Mill Limited ₹10.13 Cr	Textiles & Apparels	0.67%
65	The Federal Bank Limited ₹9.99 Cr	Banks	0.66%
66	Azad Engineering Ltd ₹9.89 Cr	Electrical Equipment	0.65%
67	Timken India Limited ₹8.83 Cr	Industrial Products	0.58%
68	Hitachi Energy India Limited ₹8.83 Cr	Electrical Equipment	0.58%
69	Hindustan Copper Limited ₹8.59 Cr	Non - Ferrous Metals	0.57%
70	MTAR Technologies Limited ₹8.32 Cr	Aerospace & Defense	0.55%
71	ICICI Lombard General Insurance Company Limited ₹7.87 Cr	Insurance	0.52%
72	Sumitomo Chemical India Limited ₹7.27 Cr	Fertilizers & Agrochemicals	0.48%
73	Aarti Industries Limited ₹7.07 Cr	Chemicals & Petrochemicals	0.47%
74	L&T Finance Limited ₹6.66 Cr	Finance	0.44%
75	Amber Enterprises India Limited ₹6.21 Cr	Consumer Durables	0.41%