Union Small Cap Fund
Union Mutual FundAMFI 129649NAV ₹66.34 as of 11 Aug '26
When the market went nowhere, this fund still earned +5.4% a year — +6.2% ahead of its category.
What counts as a rising, flat or falling market?
Every month of the last 10 years is labelled from the NIFTY 500's month-end close, before any fund is looked at. Falling means the index sat 8% or more below its own running peak. Rising means it was above its 10-month average and within 5% of that peak. Flat is everything in between.
Return a yearis what this fund's own NAV did over just those months, compounded — not averaged. vs similar funds is the same figure for the median fund in its SEBI category over the very same months, so both sides face the identical market.
The falling spells measured here: Sep '18 (-12%), Jan '19 (-10%), Jul '19 (-9%), Mar '20 (-32%), Feb '23 (-9%), Jan '25 (-18%).
Which state a month was in is only knowable afterwards, so this describes what already happened and does not forecast what comes next.
Fund facts
- Category
- Small Cap
- Fund size
- ₹2,027 Cr
- Expense ratio
- 1.13% (Direct)
- Riskometer
- Very High
What the fund aims to do
To achieve long term capital appreciation by investing in a portfolio consisting of equity and equity related securities, predominantly of small cap companies.
Analysis of public AMFI data for research. Market states are labelled mechanically from NIFTY 500 month-end closes and are only knowable in hindsight. Past behaviour is not a forecast. We are not a registered investment adviser and nothing here is a recommendation to buy or sell.