ReviewDirect · GrowthPrefer peers first
Union Small Cap Fund
Union Mutual FundEquity Scheme - Small Cap Fund12.4 years
The scheme seeks to achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities, predominantly of small cap companies.
- NAV
- 62.58
- 30 Oct 2026
- 1Y
- +11.8%
- Trailing CAGR
- AUM
- ₹2,731.92 Cr
- 30 Sept 2026
- Volatility
- High
- 17.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Bajaj Finserv Small Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
12.4 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.08% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -44.7%. Ask whether you can hold through a similar fall.
Vs category
Fail
39% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Pratik Dharmshi · 1.9 years on the scheme.
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 ≈ 27.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
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 45%. 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
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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+11.8%
- 3Y+14.6%
- 5Y+16.2%
- 10Y+16.4%
- SI+15.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+14.9%
- 3Y+12.5%
- 5Y+16.5%
- 10Y+19.3%
- Since inception
- +15.9%
- Calendar-day CAGR
- Excess 1Y
- +6.7%
- Category median, same plan and option
- 3Y win rate
- +39%
- Windows beating the median
- 3Y percentile
- 50
- Vs comparable share classes
- SIP 3Y XIRR
- +12.5%
- Simulated monthly SIP
- Worst rolling 3Y
- -9.3%
- 2309 daily-ending windows
- Median rolling 3Y
- +18.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +98%
- 1819 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -44.7%
- Worst peak-to-trough
- Current
- -9.0%
- Below last peak
- Current spell
- 52 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 135 recovered episodes
- Longest recovery
- 420 days
- Trough to prior peak
15 Jan 2018 – 9 Dec 2020
Trough 23 Mar 2020 · recovered in 261 days
-44.7%
11 Dec 2024 – 27 Apr 2026
Trough 3 Mar 2025 · recovered in 420 days
-26.2%
5 Aug 2015 – 28 Jul 2016
Trough 26 Feb 2016 · recovered in 153 days
-22.9%
17 Jan 2022 – 7 Sept 2022
Trough 20 Jun 2022 · recovered in 79 days
-20.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
50
Vs category
92
Consistency
34
Risk-adjusted
56
Drawdown
0
Mean
46
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 87 holdings · top 10 are 27.8%.
- Top 5
- 15.4%
- Top 10
- 27.8%
- Largest holding
- 3.4%
- Effective holdings
- 60.4
Navin Fluorine International Ltd
Materials
3.4%
Gabriel India Ltd
Consumer Discretionary
3.1%
Karur Vysya Bank Ltd
Financial
3.1%
Multi Commodity Exchange Of India Ltd
Financial
3.0%
Kirloskar Oil Engines Ltd
Industrials
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Small Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- +7.8%
- 3Y
- n/a
- Vol
- 16.2%
- Max DD
- -16.2%
- Sharpe
- 0.04
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
BANDHAN Small Cap Fund
Bandhan Mutual Fund
- 1Y
- +1.2%
- 3Y
- +21.6%
- Vol
- 17.2%
- Max DD
- -24.3%
- Sharpe
- 1.22
- 3Y win
- +76%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
BANK OF INDIA SMALL CAP FUND
Bank of India Mutual Fund
- 1Y
- +16.7%
- 3Y
- +18.6%
- Vol
- 18.1%
- Max DD
- -32.4%
- Sharpe
- 1.08
- 3Y win
- +84%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
ITI Small Cap Fund
ITI Mutual Fund
- 1Y
- +11.1%
- 3Y
- +22.1%
- Vol
- 20.1%
- Max DD
- -39.9%
- Sharpe
- 0.78
- 3Y win
- +55%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Kotak Small Cap Fund
Kotak Mahindra Mutual Fund
- 1Y
- -2.9%
- 3Y
- +10.8%
- Vol
- 15.4%
- Max DD
- -40.6%
- Sharpe
- 0.80
- 3Y win
- +42%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns