HealthyDirect · GrowthFit for a long SIP
Union Multicap Fund
- NAV
- 17.23
- 26 Oct 2026
- 1Y
- +1.9%
- Trailing CAGR
- AUM
- ₹1,515.85 Cr
- 30 Sept 2026
- Volatility
- Medium
- 14.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
3.8 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.39% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -19.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 29.4% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 20%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+1.9%
- 3Y+14.4%
- 5Yn/a
- 10Yn/a
- SI+16.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.6%
- 3Y+7.0%
- 5Yn/a
- 10Yn/a
- Since inception
- +16.1%
- Calendar-day CAGR
- Excess 1Y
- +4.4%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 73
- Vs comparable share classes
- SIP 3Y XIRR
- +7.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +13.1%
- 205 daily-ending windows
- Median rolling 3Y
- +17.7%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -19.8%
- Worst peak-to-trough
- Current
- -8.4%
- Below last peak
- Current spell
- 56 days
- Days below latest peak
- Time below peak
- +81%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 56 recovered episodes
- Longest recovery
- 433 days
- Trough to prior peak
23 Sept 2024 – 7 May 2026
Trough 28 Feb 2025 · recovered in 433 days
-19.8%
31 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-9.4%
3 Jun 2024 – 11 Jun 2024
Trough 4 Jun 2024 · recovered in 7 days
-7.4%
3 Jan 2023 – 28 Apr 2023
Trough 28 Mar 2023 · recovered in 31 days
-6.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
73
Vs category
78
Consistency
86
Risk-adjusted
62
Drawdown
51
Mean
70
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 78 holdings · top 10 are 29.4%.
- Top 5
- 19.4%
- Top 10
- 29.4%
- Largest holding
- 7.5%
- Effective holdings
- 50.4
Repo
Unspecified
7.5%
ICICI Bank Ltd
Financial
4.2%
HDFC Bank Ltd
Financial
2.9%
Larsen & Toubro Ltd
Industrials
2.4%
Karur Vysya Bank Ltd
Financial
2.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Multi Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- +2.4%
- 3Y
- n/a
- Vol
- 13.9%
- Max DD
- -14.2%
- Sharpe
- 0.31
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
BANDHAN MULTI CAP FUND
Bandhan Mutual Fund
- 1Y
- -4.8%
- 3Y
- +12.2%
- Vol
- 13.3%
- Max DD
- -18.3%
- Sharpe
- 0.50
- 3Y win
- +57%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
LIC MF Multi Cap Fund
LIC Mutual Fund
- 1Y
- +0.2%
- 3Y
- +16.9%
- Vol
- 14.2%
- Max DD
- -19.3%
- Sharpe
- 0.75
- 3Y win
- +100%
- Shallower drawdown
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
SBI MultiCap Fund
SBI Mutual Fund
- 1Y
- -8.1%
- 3Y
- +11.5%
- Vol
- 12.2%
- Max DD
- -15.1%
- Sharpe
- 0.45
- 3Y win
- +5%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Multi-Cap Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -0.2%
- 3Y
- +13.8%
- Vol
- 14.0%
- Max DD
- -20.0%
- Sharpe
- 0.64
- 3Y win
- +16%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns