EquityLarge Cap FundRegularGrowthVery High

Union Largecap Fund

Q: What is the NAV of Union Largecap Fund?

As of 01 Oct 2026, the NAV of Union Largecap Fund is ₹21.73 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Largecap Fund delivered?

Union Largecap Fund has returned -7.10% over 1 year, +5.35% per year over 3 years, +5.50% per year over 5 years and +8.61% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Union Largecap Fund?

Union Largecap Fund charges an expense ratio of 2.58% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Largecap Fund?

Union Largecap Fund's largest holdings are ICICI Bank Ltd. (9.7%), HDFC Bank Ltd. (6.5%), Reliance Industries Ltd. (5.3%), State Bank of India (4.8%) and Bharti Airtel Ltd. (4.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Largecap Fund?

Union Largecap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.8% and its worst peak-to-trough fall in our sample was -36.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.08 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Largecap Fund's -0.08 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Union Largecap Fund?

Union Largecap Fund is benchmarked against the BSE 100 Index (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Union Largecap Fund?

Union Largecap Fund is managed by Sanjay Bembalkar and Pratik Dharmshi at Union.

Q: How is Union Largecap Fund taxed?

Union Largecap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Union Mutual Fund · Best Large Cap Mutual Funds

NAV

₹21.73

-0.73% 1D

as of 01 Oct 2026

This is the Regular plan of Union Largecap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-6.28%CAGR

52-week rangePrev NAV ₹21.89

Latest ₹21.73

Low ₹20.9123rd percentile of its 52-week rangeHigh ₹24.42

Scorecard

★★☆☆☆2/5 vs 32 of 34 Large Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large Cap Fund (same plan and option). 32 of the 34 Large Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +5.35% · ranks 27 of 30 Large Cap Funds

RiskModerate

Volatility 13.8% vs 13.4% category avg

CostHigh

2.6% expense vs 2.2% category avg

ConsistencyHigh

99% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 99% of rolling 3-year windows

Concerns

Trails the Large Cap Fund average on 1M/3M/6M/1Y — 1Y by 1.93pp
3-year return (+5.35%) trails the Large Cap Fund average (+7.84%)
5-year return (+5.50%) trails the Large Cap Fund average (+7.13%)
Weaker risk-adjusted returns — Sharpe -0.08 below the Large Cap Fund average of 0.10
High expense ratio (2.58%) vs the Large Cap Fund average of 2.20%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.58%

Category 2.20%▲0.38%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

22.70

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.08

Category 0.10▼0.18

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

BSE 100 Index (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

18 May 2017

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.42%

Absolute return over the last 3 months (not annualized)

-5.89%

Absolute return over the last 6 months (not annualized)

+2.26%

Absolute return since 1 Jan of this year (not annualized)

-9.19%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-7.10%

3-year annualized return (CAGR)

+5.35%

5-year annualized return (CAGR)

+5.50%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.61%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.82%

Excess return per unit of total volatility (rf = 6.5%)

-0.08

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.11

Largest peak-to-trough decline over full history

-36.37%

Benchmark ratios (vs Nifty 100 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 100 TRI

-2.16%

Sensitivity to Nifty 100 TRI moves; 1 = moves with the index

0.93

How much of the fund's movement Nifty 100 TRI explains

95.5%

Excess return per unit of beta (market risk)

-0.95

Active return over the benchmark per unit of tracking error

-0.74

Annualized std dev of fund-minus-benchmark returns

3.21%

Fund's share of benchmark gains in up months (100 = matches index)

89.5%

Fund's share of benchmark losses in down months (lower is better)

98.6%

Computed vs the Nifty 100 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.42%	-5.80%	-0.62%
3M abs	-5.89%	-4.47%	-1.42%
6M abs	+2.26%	+3.60%	-1.34%
1Y CAGR	-7.10%	-5.17%	-1.93%
3Y CAGR	+5.35%	+7.84%	-2.49%
5Y CAGR	+5.50%	+7.13%	-1.63%

Category average across peers in Large Cap Fund (up to 34 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 34 peers in Large Cap Fund

1Y return

-7.10%

Beats 28.1% · rank #24

3Y return

+5.35%

Beats 10.3% · rank #27

5Y return

+5.50%

Beats 15.4% · rank #23

Sharpe

-0.08

Beats 13.8% · rank #26

Sortino

-0.11

Beats 13.8% · rank #26

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.62L

Absolute

+10.28%

XIRR

+3.99%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Union Largecap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 100 TRI	Diff
2026part	-9.19%	-10.54%	+1.35%
2025	+4.22%	+10.40%	-6.18%
2024	+12.38%	+13.11%	-0.73%
2023	+22.26%	+21.72%	+0.54%
2022	-0.48%	+5.03%	-5.51%
2021	+28.56%	+26.41%	+2.15%
2020	+15.07%	+16.49%	-1.42%
2019	+12.04%	+11.77%	+0.27%
2018	-5.06%	+2.35%	-7.41%
2017part	+6.49%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

2,310

Expense ratio

2.58%

AUM

₹436.06Cr

Portfolio turnover

31%

Exit load

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

22.7

P/B ratio

5.0

Avg market cap

₹5,19,390Cr

P/E & P/B are portfolio-weighted harmonic means across 49 of 53 equity holdings (95% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Large Cap Fund

Compare all


Union Largecap FundThis fund Union · Regular · Growth	★★☆☆☆	-7.10%	+5.35%	+5.50%	—	2.58%	₹436.06Cr
Taurus Large Cap Fund Taurus · Regular · Growth	★★☆☆☆	+5.85%	+12.18%	+9.92%	—	2.73%	₹49.42Cr
Invesco India Large Cap Fund Invesco · Regular · Growth	★★★☆☆	-1.33%	+11.10%	+8.99%	—	2.18%	—
quant Large Cap Fund quant · Regular · Growth	★★★☆☆	+1.87%	+10.85%	—	—	2.87%	₹3,172Cr
Bandhan Large Cap Fund Bandhan · Regular · Growth	★★★☆☆	-3.57%	+10.17%	+8.41%	—	2.21%	₹2,004Cr
WhiteOak Capital Large Cap Fund WhiteOak Capital · Regular · Growth	★★★★★	-4.91%	+10.05%	—	—	2.48%	₹1,167Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap86.1%
Mid cap12.4%
Small cap1.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.94%
Cash & Equivalents0.98%
Debt0.08%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	67.7%!	★★★★☆	0.63%	+8.81%
PGIM India Large Cap Fund PGIM India · Large Cap Fund	66.2%!	★☆☆☆☆	1.09%	+6.54%
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	65.7%	★★★☆☆	0.16%	+5.52%
Edelweiss Nifty 50 Index Fund Edelweiss · Index Funds	65.7%	★★★☆☆	0.14%	+5.53%
Navi ELSS Tax Saver Nifty50 Index Fund Navi · ELSS	65.7%!	★★☆☆☆	—	+5.46%
Zerodha Nifty 50 ETF Zerodha · Other ETFs	65.7%	—	0.06%	—
Franklin India NSE Nifty 50 Index Fund Franklin Templeton · Index Funds	65.7%	★★★☆☆	0.31%	+5.50%
Taurus Nifty 50 Index Fund Taurus · Index Funds	65.7%	★★☆☆☆	0.86%	+4.77%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-36.4%17 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 09 Nov 2020 — 8 months under water after the low.
-19.7%18 Oct 2021 → 17 Jun 2022
Fell over 8 months, back to the old high on 30 Jun 2023 — 12 months under water after the low.
-16.7%26 Sep 2024 → 28 Feb 2025
Still below that high — 5 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹436.06Cr

April - June 2026

-3%

since January - March 2026

+₹12.66Cr

est. net flow, last quarter

At or near its largest, ₹447.70Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

SBSanjay BembalkarManaging since 07 Jun 2021

Role

Co-Head-Equity

Education

CFA® charterholder with the CFA Institute, USA, Chartered Accountant, M.Sc. (Accounting and Finance), B.Com.

Experience

Industry experience: Over 17 years of experience in the field Innovation of Equity Research and Fund Management. Appointed as Fund Manager (Equity) at Union Asset Management Company Private Limited with effect from June 07, 2021. October 2019 to May 2021 with Canara Robeco Asset Management Company Limited as Fund Manager Equities. December 2017 to October 2019 with Canara Robeco Asset Management Company Limited as Research Analyst – Equity. August 2015 to December 2017 with LIC Mutual Fund Asset Management Ltd. as Research Analyst – Equity. • April 2010 to August 2015 with Quantum Advisors Pvt. Ltd. as Assistant Vice President (Equity Research). •

Funds managed (16)

All schemes Sanjay Bembalkar runs →

PDPratik DharmshiManaging since 01 Jul 2025

Education

Chartered Accountant, B. Com

Experience

Industry experience: Over 14 years of experience in the field Union of Equity Research and Fund Management. Appointed as Fund Manager - Equity at Union Asset Management Company Private Limited with effect from December 06, 2024. March 2023 to December 2024 with UTI Pension Fund Limited as Equity Fund Manager. August 2022 to March 2023 with Safe Enterprises as Equity Analyst. April 2022 to August 2022 with Girik Capital as Equity Analyst. August 2017 to April 2019 with Edelweiss Asset Management Company Limited as Equity Analyst and from April 2019 to February 2022 with Edelweiss Asset Management Company Limited as Equity Fund Manager. December 2013 to August 2017 with JP Morgan Private Limited as Equity Analyst. January 2011 to December 2013 with Crisil Limited as Equity Analyst. April 2010 to August 2010 with Morgan Stanley Advantage Private Limited as Equity Analyst.

Funds managed (7)

All schemes Pratik Dharmshi runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sanjay Bembalkar Pratik Dharmshi

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Reliance Industries Ltd.State Bank of India Bharti Airtel Ltd.Larsen & Toubro Ltd.Torrent Pharmaceuticals Ltd.Axis Bank Ltd.Eternal Ltd.Infosys Ltd.Mahindra & Mahindra Ltd.Tata Consumer Products Ltd.

Union in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Large Cap funds

Large cap funds invest mainly in India's 100 biggest listed companies. They tend to be steadier than mid- and small-cap funds, with more modest but more dependable growth.

Frequently asked questions

What is the NAV of Union Largecap Fund?

As of 01 Oct 2026, the NAV of Union Largecap Fund is ₹21.73 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Largecap Fund delivered?

Union Largecap Fund has returned -7.10% over 1 year, +5.35% per year over 3 years, +5.50% per year over 5 years and +8.61% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Union Largecap Fund?

Union Largecap Fund charges an expense ratio of 2.58% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Union Largecap Fund?

Union Largecap Fund's largest holdings are ICICI Bank Ltd. (9.7%), HDFC Bank Ltd. (6.5%), Reliance Industries Ltd. (5.3%), State Bank of India (4.8%) and Bharti Airtel Ltd. (4.2%). Holdings are disclosed monthly and change over time.

How risky is Union Largecap Fund?

Union Largecap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.8% and its worst peak-to-trough fall in our sample was -36.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.08 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Largecap Fund's -0.08 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Union Largecap Fund?

Union Largecap Fund is benchmarked against the BSE 100 Index (TRI). Its alpha and beta on this page are measured against that index.

Who manages Union Largecap Fund?

Union Largecap Fund is managed by Sanjay Bembalkar and Pratik Dharmshi at Union.

How is Union Largecap Fund taxed?

Union Largecap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.