Investment Objective and Approach

The primary investment goal of the Union Multicap Fund Direct-Growth scheme is to secure long-term capital appreciation. This is achieved by investing predominantly in equity and equity-related instruments of large, mid, and small-cap companies. However, it should be noted that the success of achieving the investment objective of the scheme is not assured and is dependent on market movements, which can sometimes be contrary to expected trends.

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

The fund follows a multicap investment strategy that provides diversification across company sizes and sectors. The fund's allocation of assets is distributed as 96.57% in equities, 0.00% in bonds, and 3.43% in cash and cash equivalents.

Fund Managers

Union Multicap Fund is managed by two experienced professionals:

Mr. Harshad Patwardhan - Co Managed by Mr. Harshad Patwardhan (since November 01, 2024). Mr. Harshad Patwardhan is the Chief Investment Officer at Union Asset Management Company Private Limited. Mr. Patwardhan is B.Tech from IIT, MBA from IIM and CFA.

Mr. Sanjay Bembalkar - and Mr. Sanjay Bembalkar (since inception of the fund). Mr. Sanjay Bembalkar is the Co-Head Equity at Union Asset Management Company Private Limited. AUM: ₹9,444.22 Cr. Sum of AUMs of all funds managed by the fund manager | Exp: 12yrs

The dual management approach brings together complementary expertise - Patwardhan's strategic oversight as CIO and Bembalkar's extensive equity management experience since the fund's inception.

About the Fund House (AMC)

Union Asset Management Company Private Limited operates with a clear vision to serve investors' financial goals. Union Mutual Fund operates on the principle of bringing the opportunity for investors to make sustainable investments. The fund house intends to be known as the fund house that provides the products for individuals to achieve their financial goals by understanding their needs. Union Mutual Fund aspires to reach out to as many investors as they can and help them identify the right investments.

Key Details:

- Total AUM: Union Asset Management Co. Pvt. Ltd. manages assets worth ₹ 18,812.74 crores.

- Fund Offerings: It's current offering of mutual fund schemes includes 12 equity, 7 debt and 8 hybrid schemes.

- Philosophy: Your wins are also ours. That's why our mutual funds are created with your success in mind · To be the most reliable and trusted partner to our investors and distributors through responsible investing

Should I Invest in Union Multicap Fund?

Union Multicap Fund presents a compelling option for specific investor profiles and objectives:

Ideal For:

- The Union Multicap Fund Direct Growth scheme is an attractive option for investors who are planning to invest their money for a period of at least 3-4 years and are aiming for high returns.

- Investors seeking diversification across market capitalizations (large, mid, and small-cap companies)

- Those comfortable with equity market volatility and high-risk investments

Performance Highlights:

- Since Inception Returns: The fund has delivered a CAGR of 20.65 since inception. (as per Angel One data) and Union Multicap Fund Regular Growth has given a CAGR return of 25.52% since inception. (as per other sources)

- Current AUM: The AUM (i.e. assets under management) of Union Multicap Fund is ₹1173.54 Cr as of 7th August 2025.

- Expense Ratio: The expense ratio of Union Multicap Fund Plan is 0.93 as of 7th August 2025.

Investment Minimums:

- SIP: Minimum SIP Investment is set to ₹500.

- Lumpsum: Minimum Lumpsum Investment is ₹1,000.

Risk Considerations:

- However, while the potential for high returns is an attractive feature, investors must be prepared for the possibility of moderate losses.

- The Union Multicap Fund Direct Growth is rated Very High risk.

The fund launched on 19th December 2022 and has shown strong performance in its initial years. However, potential investors should consider their risk tolerance and investment horizon before investing.

FAQs

What is today's NAV of Union Multicap Fund?

The current NAV of Union Multicap Fund varies by plan. You can check the latest NAV on Allvest platform or the fund house website for real-time updates.

What is the AUM of Union Multicap Fund?

The AUM (i.e. assets under management) of Union Multicap Fund is ₹1173.54 Cr as of 7th August 2025.

What is the expense ratio of Union Multicap Fund?

The expense ratio of Union Multicap Fund Plan is 0.93 as of 7th August 2025. Different plans have different expense ratios.

What are the returns of Union Multicap Fund since inception?

The fund has delivered a CAGR of 20.65 since inception. Returns may vary based on the specific plan and investment option chosen.

What is the minimum SIP amount to invest in Union Multicap Fund?

Minimum SIP Investment is set to ₹500. This makes it accessible for investors starting their investment journey.

How do I invest in Union Multicap Fund?

You can invest in Union Multicap Fund through Allvest platform by completing your KYC, choosing between Direct or Regular plan, and setting up SIP or making lumpsum investment.

How to start a SIP in Union Multicap Fund?

Log in to your Allvest account, select Union Multicap Fund, choose SIP option, set your monthly amount (minimum ₹500), select investment date and duration, then complete the investment.

How do I automate an SIP in Union Multicap Fund?

Through Allvest, set up auto-debit mandate during SIP registration. This ensures automatic monthly deduction from your bank account without manual intervention for each installment.

How can I withdraw/redeem my investment in Union Multicap Fund?

You can redeem your Union Multicap Fund investment through Allvest by placing a redemption request. Exit load of 1%, if redeemed within 15 days applies for early withdrawal.