Small Cap · Equity

Union Small Cap Fund

Union Asset Management Company Private Limited

Benchmark

BSE 250 Smallcap TRI

Riskometer

Very High

Size

₹2,775 cr

Allotted

10 Jun 2014

Holdings as of

30 Sep 2026

Union Small Cap Fund is a small cap fund of Union Asset Management Company Private Limited with ₹2,775 cr under management. It is ahead of its benchmark (BSE 250 Smallcap TRI) in 4 of 4 periods. Its direct plan charges 1.07% a year. Gaurav Chopra has managed it for 1.9 years.

Has Union Small Cap Fund beaten its benchmark?

Ahead of its benchmark, BSE 250 Smallcap TRI, in 4 of 4 periods in AMFI's figures; +21.01% over the last year against +3.11%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty Smallcap 250 TRI	Ahead
1 month	−3.09%	−2.73%	—
3 months	+2.51%	−1.21%	—
6 months	+19.15%	+11.53%	—
1 year	+21.36%	+6.04%	+15.32 pts
3 years	+16.03%	+13.53%	+2.50 pts
5 years	+15.94%	+13.22%	+2.72 pts
10 years	+17.15%	+14.34%	+2.81 pts
Since start from 17 Jun 2014	+16.50%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (BSE 250 Smallcap TRI) in 4 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+21.01%	+19.67%	+3.11%	+17.90	🔒
3y	+16.27%	+14.92%	+11.86%	+4.41	🔒
5y	+16.15%	+14.88%	+12.42%	+3.73	🔒
10y	+17.32%	+16.24%	+14.19%	+3.13	🔒

Ahead in points a year · its rank among Small Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 14 Oct 2026

Fund 484Nifty Smallcap 250 TRI 372

₹100 put in at the start of Oct 2016 would be ₹484 on 14 Oct 2026, against ₹372 in the Nifty Smallcap 250 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Union Small Cap Fund cost?

1.07% a year on the direct plan, 2.17% on the regular plan; 28 of 36 funds in its category charge less.

Direct plan

1.07% a year

Category median 0.90%

Regular plan

2.17% a year

Category median 2.05%

Gap

1.10 points

for the same holdings

28 of 36 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Scheme - Small Cap Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Union Small Cap Fund?

Pratik Dharmshi, since 9 Dec 2024; Gaurav Chopra, since 1 Nov 2024.

Pratik Dharmshi

1.8 years

since 9 Dec 2024

Gaurav Chopra

1.9 years

since 1 Nov 2024

Benchmark as filedBSE 250 SmallCap Index (TRI)

Exit load

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

From 39 Scheme Summary Documents filed with NSE, first on 16 Apr 2026; as on 12 Oct 2026

What does Union Small Cap Fund hold?

88 holdings as of 30 Sep 2026; the ten largest are 27.8% of the fund, the largest Navin Fluorine International Ltd. at 3.4%.

Mix

Holdings as of 30 Sep 2026

Equity98.4%Debt0.1%Cash1.5%Other0.0%

Holdings

84 shares

Top ten

27.8%

of the fund

Effective holdings

59.6

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

Navin Fluorine International Ltd.3.40%

Gabriel India Ltd.3.08%

Karur Vysya Bank Ltd.3.06%

Multi Commodity Exchange of India Ltd.2.99%

Kirloskar Oil Engines Ltd.2.87%

Five largest industries

% of fund

Electrical Equipment11.1%

Industrial Products9.90%

Pharmaceuticals & Biotechnology9.80%

Auto Components8.90%

Capital Markets8.20%

By company size

% of equity · SEBI size lists

Large Cap4.9%Mid Cap16.7%Small Cap78.5%

How does Union Small Cap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Union Small Cap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty Smallcap 250: 72% of it differs from the index (an active fund is usually above 60%).

Active share 72.4%60%

Funds that hold much the same

% of holdings in common

ITI Small Cap Fund41.4% the same

40 shared holdings

UNION MULTICAP FUND37.4% the same

37 shared holdings

UNION RETIREMENT FUND35.8% the same

32 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Union Small Cap Fund?

Pratik Dharmshi (manager) since 9 Dec 2024; Gaurav Chopra (manager) since 1 Nov 2024.

What is the expense ratio of Union Small Cap Fund?

1.07% a year on the direct plan and 2.17% on the regular plan (expense report, Oct 2026).

How has Union Small Cap Fund done?

Its direct plan returned +16.27% a year over 3 years against +11.86% for its benchmark, BSE 250 Smallcap TRI, as of 13 Oct 2026.