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Flexi Cap · Union Mutual Fund · AMFI code 115270Union Flexi Cap Fund
Disclosed for 5 months, May 2026 to Sep 2026.Published as: UNION FLEXI CAP FUND
Portfolio value
₹2,320 Cr
down ₹133 Cr vs Aug 2026
- Stocks held
- 73
- up 1 vs Aug 2026
- Top 10 weight
- 31.1%
- of the portfolio in its ten largest
- Cash & debt
- 5.0%
- cash, money market and debt
- Moves this month
- 5 in · 4 out
- added to 10, trimmed 53
Union Flexi Cap Fund is an active equity fund in the Flexi Cap category from Union Mutual Fund. In September 2026 it disclosed 73 stocks worth ₹2,320 Cr, down ₹133 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (6.3%), HDFC Bank Limited (4.5%), Axis Bank Limited (3.6%); the ten largest together made up 31.1% of the portfolio, and Banks was the biggest sector at 21.5% of its equity. Cash and debt stood at 5.0%. Compared with Aug 2026 the fund entered 5 new stocks and exited 4.
Against 43 other Flexi Cap funds
Concentration
28%
Top-10 weight is higher than 28% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
72%
Holds more cash than 72% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.32% | down 0.26 pts | ₹147 Cr | down ₹14.7 Cr | Trimmed |
| Cash, TREPS & receivables | 4.86% | up 2.52 pts | ₹113 Cr | up ₹55.3 Cr | Added |
| HDFC Bank Limited | 4.51% | up 0.75 pts | ₹105 Cr | up ₹12.4 Cr | Added |
| Axis Bank Limited | 3.65% | down 0.01 pts | ₹84.6 Cr | down ₹5.1 Cr | Trimmed |
| State Bank of India | 3.35% | down 0.15 pts | ₹77.7 Cr | down ₹8.1 Cr | Trimmed |
| Bharti Airtel Limited | 2.61% | up 0.06 pts | ₹60.6 Cr | down ₹1.9 Cr | Trimmed |
| Divi's Laboratories Limited | 2.28% | up 0.29 pts | ₹53 Cr | up ₹4.2 Cr | Added |
| Eternal Limited | 2.21% | up 0.07 pts | ₹51.2 Cr | down ₹1.3 Cr | Trimmed |
| Bajaj Finance Limited | 2.19% | down 0.09 pts | ₹50.8 Cr | down ₹5.2 Cr | Trimmed |
| Sai Life Sciences Limited | 1.97% | up 0.19 pts | ₹45.7 Cr | up ₹1.9 Cr | Added |
| Gabriel India Limited | 1.97% | down 0.03 pts | ₹45.6 Cr | down ₹3.3 Cr | Trimmed |
| Ujjivan Small Finance Bank Limited | 1.92% | up 0.06 pts | ₹44.6 Cr | down ₹1.1 Cr | Trimmed |
| Shadowfax Technologies Limited | 1.83% | up 0.23 pts | ₹42.5 Cr | up ₹3.3 Cr | Added |
| Ajanta Pharma Limited | 1.75% | up 0.10 pts | ₹40.7 Cr | up ₹21 L | Added |
| ITD Cementation India Limited | 1.70% | up 0.05 pts | ₹39.3 Cr | down ₹1.1 Cr | Trimmed |
| Trent Limited | 1.70% | down 0.07 pts | ₹39.3 Cr | down ₹3.9 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 1.66% | up <0.01 pts | ₹38.4 Cr | down ₹2.1 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.61% | down 0.40 pts | ₹37.3 Cr | down ₹12 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 1.57% | down 0.01 pts | ₹36.4 Cr | down ₹2.4 Cr | Trimmed |
| Reliance Industries Limited | 1.43% | down 0.03 pts | ₹33.2 Cr | down ₹2.5 Cr | Trimmed |
| ZF Commercial Vehicle Control Systems India Limited | 1.42% | down 0.03 pts | ₹33 Cr | down ₹2.7 Cr | Trimmed |
| Dr. Lal Path Labs Limited | 1.38% | up 0.11 pts | ₹32 Cr | up ₹84 L | Added |
| Manipal Health Enterprises Ltd | 1.37% | down 0.03 pts | ₹31.9 Cr | down ₹2.5 Cr | Trimmed |
| Navin Fluorine International Limited | 1.35% | up 0.01 pts | ₹31.3 Cr | down ₹1.6 Cr | Trimmed |
| Dhoot Transmission Ltd | 1.28% | down 0.22 pts | ₹29.8 Cr | down ₹7.1 Cr | Trimmed |
| Clean Max Enviro Energy Solution Pvt Ltd Clean Max Enviro Energy Solutions Ltd. · history in this fund | 1.26% | up 0.14 pts | ₹29.3 Cr | up ₹1.8 Cr | Added |
| Inventurus Knowledge Solutions Limited | 1.24% | up 0.05 pts | ₹28.9 Cr | down ₹37 L | Trimmed |
| HDFC Life Insurance Company Limited | 1.24% | up 1.24 pts | ₹28.7 Cr | up ₹28.7 Cr | New |
| Coforge Limited | 1.21% | down 0.09 pts | ₹28 Cr | down ₹3.8 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 1.20% | up 0.09 pts | ₹27.9 Cr | up ₹64 L | Added |
| Varun Beverages Limited | 1.19% | up 0.15 pts | ₹27.6 Cr | up ₹2 Cr | Added |
| Infosys Limited | 1.11% | down 0.09 pts | ₹25.8 Cr | down ₹3.6 Cr | Trimmed |
| Billionbrains Garage Ventures Ltd | 1.11% | up 0.01 pts | ₹25.7 Cr | down ₹1.1 Cr | Trimmed |
| Aarti Industries Limited | 1.11% | down 0.05 pts | ₹25.7 Cr | down ₹2.6 Cr | Trimmed |
| Ather Energy Limited | 1.11% | down 1.19 pts | ₹25.7 Cr | down ₹30.7 Cr | Trimmed |
| One 97 Communications Limited | 1.09% | down 1.02 pts | ₹25.2 Cr | down ₹26.3 Cr | Trimmed |
| LG Electronics India Ltd | 1.08% | up 0.07 pts | ₹25 Cr | up ₹37 L | Added |
| JSW Infrastructure Ltd | 1.08% | up 0.11 pts | ₹25 Cr | up ₹1.2 Cr | Added |
| Engineers India Limited | 1.07% | up 1.07 pts | ₹24.8 Cr | up ₹24.8 Cr | New |
| Delhivery Limited | 1.06% | down 0.24 pts | ₹24.6 Cr | down ₹7.4 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.06% | down 0.07 pts | ₹24.6 Cr | down ₹3.2 Cr | Trimmed |
| Honasa Consumer Limited | 1.02% | up 0.19 pts | ₹23.7 Cr | up ₹3.2 Cr | Added |
| PNB Housing Finance Limited | 1.01% | down 0.32 pts | ₹23.5 Cr | down ₹9.2 Cr | Trimmed |
| Titan Company Limited | 0.99% | down 0.05 pts | ₹22.9 Cr | down ₹2.6 Cr | Trimmed |
| Adani Enterprises Limited | 0.97% | up 0.07 pts | ₹22.6 Cr | up ₹34 L | Added |
| MphasiS Limited | 0.97% | down 0.06 pts | ₹22.4 Cr | down ₹2.8 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 0.94% | down 0.03 pts | ₹21.8 Cr | down ₹2 Cr | Trimmed |
| Shiprocket Limited | 0.93% | up 0.14 pts | ₹21.6 Cr | up ₹2.2 Cr | Added |
| Cummins India Limited | 0.92% | down 0.22 pts | ₹21.4 Cr | down ₹6.7 Cr | Trimmed |
| National Stock Exchange Of India Ltd | 0.89% | up 0.89 pts | ₹20.7 Cr | up ₹20.7 Cr | New |
What changed, Aug 2026 to Sep 2026
New New positions (5)
- HDFC Life Insurance Company Limited1.2% · ₹28.7 Cr
- Engineers India Limited1.1% · ₹24.8 Cr
- National Stock Exchange Of India Ltd0.9% · ₹20.7 Cr
- Cyient Limited0.6% · ₹13.8 Cr
- E2E Networks Limited0.4% · ₹8.8 Cr
Exited Exited (4)
- FSN E-Commerce Ventures Limitedwas 0.9% · ₹21.3 Cr
- Solar Industries India Limitedwas 0.8% · ₹20.1 Cr
- Max Financial Services Limitedwas 0.6% · ₹15.7 Cr
- Swiggy Limitedwas 0.5% · ₹11.8 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹12.4 Cr (+0.75% pts)
- Divi's Laboratories Limitedup ₹4.2 Cr (+0.29% pts)
- Shadowfax Technologies Limitedup ₹3.3 Cr (+0.23% pts)
- Honasa Consumer Limitedup ₹3.2 Cr (+0.19% pts)
- Shiprocket Limitedup ₹2.2 Cr (+0.14% pts)
- Varun Beverages Limitedup ₹2 Cr (+0.15% pts)
- Sai Life Sciences Limitedup ₹1.9 Cr (+0.19% pts)
- Clean Max Enviro Energy Solution Pvt Ltdup ₹1.8 Cr (+0.14% pts)
- JSW Infrastructure Ltdup ₹1.2 Cr (+0.11% pts)
- Dr. Lal Path Labs Limitedup ₹84 L (+0.11% pts)
Trimmed Biggest reductions
- Ather Energy Limiteddown ₹30.7 Cr (−1.19% pts)
- One 97 Communications Limiteddown ₹26.3 Cr (−1.02% pts)
- Maruti Suzuki India Limiteddown ₹15.4 Cr (−0.59% pts)
- ICICI Bank Limiteddown ₹14.7 Cr (−0.26% pts)
- Polycab India Limiteddown ₹13.2 Cr (−0.50% pts)
- Data Patterns (India) Limiteddown ₹12.9 Cr (−0.50% pts)
- Cholamandalam Investment and Finance Company Limiteddown ₹12 Cr (−0.40% pts)
- PNB Housing Finance Limiteddown ₹9.2 Cr (−0.32% pts)
- State Bank of Indiadown ₹8.1 Cr (−0.15% pts)
- Delhivery Limiteddown ₹7.4 Cr (−0.24% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Construction (+1.2 pts) and IT - Services (+1.1 pts), and fell most in Automobiles (−1.8 pts) and Retailing (−1.3 pts).
- Construction2.2% → 3.4%+1.2 pts
- IT - Services1.2% → 2.3%+1.1 pts
- Capital Markets2.3% → 3.4%+1.1 pts
- Banks20.6% → 21.5%+1.0 pts
- Pharmaceuticals & Biotechnology9.8% → 10.6%+0.9 pts
- Insurance0.7% → 1.3%+0.6 pts
- Automobiles3.7% → 1.9%−1.8 pts
- Retailing5.4% → 4.1%−1.3 pts
- Financial Technology (fintech)2.2% → 1.1%−1.0 pts
- Chemicals & Petrochemicals3.4% → 2.6%−0.8 pts
- Finance6.9% → 6.2%−0.7 pts
- Industrial Products2.4% → 1.7%−0.7 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|
| Banks | 23.4% | 20.6% | 21.5% |
| Pharmaceuticals & Biotechnology | 6.9% | 9.8% | 10.6% |
| Finance | 5.3% | 6.9% | 6.2% |
| IT - Software | 3.1% | 5.2% | 5.0% |
| Auto Components | 4.2% | 5.1% | 4.9% |
| Retailing | 4.5% | 5.4% | 4.1% |
| Transport Services | 2.5% | 3.8% | 4.0% |
| Electrical Equipment | 3.3% | 3.9% | 3.9% |
| Construction | 3.6% | 2.2% | 3.4% |
| Capital Markets | 2.3% | 2.3% | 3.4% |
Allocation in Sep 2026change vs Aug 2026
- Banks (6)21.5%▲ 1.0 pts
- Pharmaceuticals & Biotechnology (7)10.6%▲ 0.9 pts
- Finance (4)6.2%▼ 0.7 pts
- IT - Software (5)5.0%▼ 0.2 pts
- Auto Components (3)4.9%▼ 0.2 pts
- Retailing (2)4.1%▼ 1.3 pts
- Transport Services (3)4.0%▲ 0.2 pts
- Electrical Equipment (4)3.9%
- Construction (3)3.4%▲ 1.2 pts
- Capital Markets (3)3.4%▲ 1.1 pts
- Healthcare Services (2)2.9%▲ 0.2 pts
- Consumer Durables (3)2.8%▲ 0.1 pts
- Telecom - Services (1)2.7%▲ 0.1 pts
- Chemicals & Petrochemicals (2)2.6%▼ 0.8 pts
- IT - Services (3)2.3%▲ 1.1 pts
- Power (2)2.1%▲ 0.2 pts
- Automobiles (2)1.9%▼ 1.8 pts
- Industrial Products (2)1.7%▼ 0.7 pts
- Petroleum Products (1)1.5%
- Realty (2)1.4%▼ 0.2 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
5.0%
▲ 2.6 pts vs Aug 2026
- Cash alone
- 4.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.8% – 5.0%
- lowest to highest · record 5.0% in Sep 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.