Union Largecap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Large Cap Fund

Portfolio Turnover Ratio : 71.00%. Category average turnover ratio is 165.38%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 98.97% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.97%

No of Stocks : 56 (Category Avg - 51.27) | Large Cap Investments : 50.91%| Mid Cap Investments : 13.92% | Small Cap Investments : 6.08% | Other : 28.06%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	56	50.42
Top 5 Stock Weight	27.83%	31.05%
Top 10 Stock Weight	42.32%	48.21%
Top 3 Sector Weight	34.11%	35.76%

Category - Large Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	143833.87	150206.02
Holdings in large cap stocks	50.91%	60.46%
Holdings in mid cap stocks	13.92%	8.2%
Holdings in small cap stocks	6.08%	2.36%

Category - Large Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	402.8	8.46%	-0.20%	10.16% (Feb 2025)	8.46% (Oct 2025)	4.08 L	-0.12 L
ICICI Bank Ltd.	Private sector bank	327.4	6.88%	-0.02%	8.73% (Mar 2025)	6.88% (Oct 2025)	2.43 L	7.00 k
Reliance Industries Ltd.	Refineries & marketing	237.8	5.00%	0.27%	7.07% (Jun 2025)	4.68% (Dec 2024)	1.60 L	0.00
Larsen & Toubro Ltd.	Civil construction	178.5	3.75%	0.24%	4.58% (Mar 2025)	3.49% (Jun 2025)	44.29 k	0.00
Infosys Ltd.	Computers - software & consulting	177.9	3.74%	-0.18%	5.52% (Jan 2025)	3.74% (Oct 2025)	1.20 L	-5.35 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	175.7	3.69%	0.21%	4.93% (Apr 2025)	3.48% (Sep 2025)	85.52 k	0.00
State Bank Of India	Public sector bank	146.2	3.07%	0.12%	3.61% (Apr 2025)	2.95% (Sep 2025)	1.56 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	129.2	2.71%	-0.04%	2.86% (Jan 2025)	1.79% (Mar 2025)	37.05 k	0.00
Bharat Electronics Ltd.	Aerospace & defense	124	2.61%	0.06%	2.9% (May 2025)	1.55% (Nov 2024)	2.91 L	0.00
Bajaj Finance Ltd.	Non banking financial company (nbfc)	114.7	2.41%	0.03%	2.53% (Feb 2025)	1.33% (Nov 2024)	1.10 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	19.85	402.8	8.46%	-0.20%	10.16% (Feb 2025)	8.46% (Oct 2025)	4.08 L	-0.12 L	Other	28.06
ICICI Bank Ltd.	Private sector bank	19.85	327.4	6.88%	-0.02%	8.73% (Mar 2025)	6.88% (Oct 2025)	2.43 L	7.00 k	Large Cap	50.91
Reliance Industries Ltd.	Refineries & marketing	5	237.8	5.00%	0.27%	7.07% (Jun 2025)	4.68% (Dec 2024)	1.60 L	0.00	Large Cap	50.91
Larsen & Toubro Ltd.	Civil construction	3.75	178.5	3.75%	0.24%	4.58% (Mar 2025)	3.49% (Jun 2025)	44.29 k	0.00	Large Cap	50.91
Infosys Ltd.	Computers - software & consulting	8.55	177.9	3.74%	-0.18%	5.52% (Jan 2025)	3.74% (Oct 2025)	1.20 L	-5.35 k	Large Cap	50.91
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.69	175.7	3.69%	0.21%	4.93% (Apr 2025)	3.48% (Sep 2025)	85.52 k	0.00	Large Cap	50.91
State Bank Of India	Public sector bank	3.07	146.2	3.07%	0.12%	3.61% (Apr 2025)	2.95% (Sep 2025)	1.56 L	0.00	Large Cap	50.91
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.87	129.2	2.71%	-0.04%	2.86% (Jan 2025)	1.79% (Mar 2025)	37.05 k	0.00	Large Cap	50.91
Bharat Electronics Ltd.	Aerospace & defense	3.59	124	2.61%	0.06%	2.9% (May 2025)	1.55% (Nov 2024)	2.91 L	0.00	Mid Cap	13.92
Bajaj Finance Ltd.	Non banking financial company (nbfc)	5.71	114.7	2.41%	0.03%	2.53% (Feb 2025)	1.33% (Nov 2024)	1.10 L	0.00	Other	28.06
Axis Bank Ltd.	Private sector bank	19.85	111	2.33%	-0.26%	3.61% (May 2025)	1.77% (Jan 2025)	90.00 k	-0.16 L	Large Cap	50.91
Tata Consumer Products Ltd.	Tea & coffee	2.33	110.7	2.33%	0.01%	2.33% (Oct 2025)	0% (Nov 2024)	95.00 k	0.00	Mid Cap	13.92
Kotak Mahindra Bank Ltd.	Private sector bank	19.85	103.5	2.18%	0.05%	2.84% (Mar 2025)	0.56% (Nov 2024)	49.25 k	0.00	Large Cap	50.91
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.87	102.7	2.16%	-0.04%	2.51% (Feb 2025)	1.25% (Dec 2024)	6.34 k	0.00	Large Cap	50.91
Jio Financial Services Ltd.	Non banking financial company (nbfc)	5.71	94	1.98%	0.03%	2.23% (Jul 2025)	0% (Nov 2024)	3.06 L	0.00	Other	28.06
Solar Industries India Ltd.	Explosives	1.95	93	1.95%	0.02%	1.95% (Oct 2025)	0% (Nov 2024)	6.70 k	0.00	Small Cap	6.08
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	2.86	91.8	1.93%	-0.07%	2% (Sep 2025)	1.09% (Feb 2025)	1.25 L	0.00	Small Cap	6.08
Eternal Ltd.	E-retail/ e-commerce	1.85	88.1	1.85%	-0.11%	1.96% (Sep 2025)	0.5% (May 2025)	2.77 L	0.00	Other	28.06
ITC Limited	Diversified fmcg	2.61	86.5	1.82%	0.03%	3.58% (Nov 2024)	1.79% (Sep 2025)	2.06 L	0.00	Large Cap	50.91
# LG Electronics India Pvt. Ltd.	Consumer electronics	2.63	83.2	1.75%	1.75%	1.75% (Oct 2025)	0% (Nov 2024)	50.00 k	50.00 k	Other	28.06
Kaynes Technology India Private Ltd.	Industrial products	1.69	80.5	1.69%	-0.14%	1.83% (Sep 2025)	0% (Nov 2024)	12.00 k	0.00	Other	28.06
Max Financial Services Ltd.	Life insurance	2.3	79.8	1.68%	-0.08%	1.85% (Aug 2025)	1.06% (Feb 2025)	51.60 k	0.00	Mid Cap	13.92
TVS Motor Company Ltd.	2/3 wheelers	1.68	78.8	1.66%	-0.01%	1.79% (May 2025)	0.72% (Nov 2024)	22.45 k	0.00	Mid Cap	13.92
Tata Consultancy Services Ltd.	Computers - software & consulting	8.55	76.5	1.61%	0.05%	2.34% (Apr 2025)	1.56% (Sep 2025)	25.00 k	0.00	Large Cap	50.91
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.43	71.2	1.50%	-0.06%	1.65% (Jul 2025)	0% (Nov 2024)	20.00 k	0.00	Mid Cap	13.92
National Thermal Power Corporation Ltd.	Power generation	2.37	67.4	1.42%	-1.11%	2.84% (Mar 2025)	1.42% (Oct 2025)	2.00 L	-1.43 L	Large Cap	50.91
UNO Minda Ltd.	Auto components & equipments	1.35	64.2	1.35%	-0.11%	1.46% (Sep 2025)	0% (Nov 2024)	52.00 k	0.00	Small Cap	6.08
Max Healthcare Institute Ltd.	Hospital	1.33	63.1	1.33%	0.49%	1.33% (Oct 2025)	0.84% (Sep 2025)	55.00 k	20.10 k	Other	28.06
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.43	62.6	1.31%	0.03%	3.12% (Apr 2025)	1.28% (Sep 2025)	37.00 k	0.00	Large Cap	50.91
Trent Limited	Speciality retail	1.26	60.1	1.26%	-0.04%	1.3% (Sep 2025)	0% (Nov 2024)	12.80 k	0.00	Mid Cap	13.92
Ultratech Cement Ltd.	Cement & cement products	2.11	59.7	1.26%	0.12%	1.71% (Mar 2025)	0% (Nov 2024)	5.00 k	680.00	Large Cap	50.91
Mphasis Ltd.	Computers - software & consulting	8.55	59.4	1.25%	0.10%	1.32% (Jan 2025)	0% (Nov 2024)	21.50 k	1.50 k	Mid Cap	13.92
InterGlobe Aviation Ltd.	Airline	1.18	56.3	1.18%	-0.03%	2.41% (Apr 2025)	1.18% (Oct 2025)	10.00 k	0.00	Large Cap	50.91
Titan Company Ltd.	Gems, jewellery and watches	1.18	56.2	1.18%	0.09%	1.43% (Feb 2025)	0% (Nov 2024)	15.00 k	0.00	Large Cap	50.91
Info Edge (India) Ltd.	Internet & catalogue retail	1.16	55.3	1.16%	0.02%	1.56% (Nov 2024)	0.93% (Jan 2025)	40.10 k	0.00	Other	28.06
Tata Steel Ltd.	Iron & steel products	1.88	50.7	1.06%	0.05%	1.06% (Oct 2025)	0% (Nov 2024)	2.77 L	0.00	Other	28.06
Polycab India Limited	Cables - electricals	1.02	48.3	1.02%	0.03%	1.02% (Oct 2025)	0% (Nov 2024)	6.27 k	0.00	Other	28.06
Hindustan Aeronautics Ltd.	Aerospace & defense	3.59	46.8	0.98%	-0.05%	1.11% (May 2025)	0% (Nov 2024)	10.00 k	0.00	Other	28.06
Pidilite Industries Ltd.	Specialty chemicals	1.65	46.2	0.97%	-0.05%	1.55% (Nov 2024)	0.79% (Mar 2025)	32.00 k	0.00	Large Cap	50.91
J S W Energy Ltd.	Power generation	2.37	45.4	0.95%	-0.04%	1.49% (Mar 2025)	0.72% (Dec 2024)	86.00 k	0.00	Mid Cap	13.92
ABB Power Products and Systems India Ltd.	Heavy electrical equipment	2.86	44.5	0.93%	-0.05%	0.98% (Sep 2025)	0% (Nov 2024)	2.50 k	0.00	Other	28.06
Dixon Technologies (India) Ltd.	Consumer electronics	2.63	41.8	0.88%	-0.08%	1.01% (Aug 2025)	0% (Nov 2024)	2.70 k	0.00	Other	28.06
J.K. Cement Ltd.	Cement & cement products	2.11	40.4	0.85%	0.10%	1.36% (Jun 2025)	0.75% (Sep 2025)	6.50 k	1.00 k	Small Cap	6.08
J S W Steel Ltd.	Iron & steel products	1.88	39.2	0.82%	0.02%	0.82% (Oct 2025)	0% (Nov 2024)	32.50 k	0.00	Large Cap	50.91
Hindustan Unilever Ltd.	Diversified fmcg	2.61	37.5	0.79%	-0.04%	0.9% (Aug 2025)	0% (Nov 2024)	15.20 k	0.00	Large Cap	50.91
Shriram Finance Ltd.	Non banking financial company (nbfc)	5.71	37.5	0.79%	0.12%	2.13% (Feb 2025)	0.65% (Aug 2025)	50.00 k	0.00	Other	28.06
Coforge Ltd.	Computers - software & consulting	8.55	36.9	0.78%	0.06%	0.86% (Jun 2025)	0% (Nov 2024)	20.75 k	0.00	Other	28.06
HCL Technologies Limited	Computers - software & consulting	8.55	34.9	0.73%	0.05%	2.27% (Nov 2024)	0.68% (Sep 2025)	22.65 k	0.00	Large Cap	50.91
HDFC Asset Management Co. Ltd.	Asset management company	0.68	32.3	0.68%	-0.04%	0.73% (Aug 2025)	0% (Nov 2024)	6.00 k	0.00	Large Cap	50.91
SRF Ltd.	Specialty chemicals	1.65	32.2	0.68%	-0.21%	1.01% (Jun 2025)	0% (Nov 2024)	11.00 k	-3.50 k	Mid Cap	13.92
Divis Laboratories Ltd.	Pharmaceuticals	3.43	29.7	0.62%	0.08%	1.11% (May 2025)	0% (Nov 2024)	4.40 k	0.00	Large Cap	50.91
SBI Life Insurance Co Ltd.	Life insurance	2.3	29.3	0.62%	0.04%	0.62% (Oct 2025)	0% (Nov 2024)	15.00 k	0.00	Large Cap	50.91
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	5.71	25.5	0.53%	0.01%	0.53% (Oct 2025)	0% (Nov 2024)	15.00 k	0.00	Other	28.06
Persistent Systems Ltd.	Computers - software & consulting	8.55	20.7	0.44%	0.07%	0.88% (Nov 2024)	0% (Nov 2024)	3.50 k	0.00	Other	28.06
# Hindalco Industries Ltd.	Aluminium	0.39	18.7	0.39%	0.39%	1.27% (Mar 2025)	0% (Nov 2024)	22.00 k	22.00 k	Large Cap	50.91
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.68	0.9	0.02%	0.00%	0% (Nov 2025)	0% (Nov 2025)	89.80 k	0.00	Other	28.06
Cummins India Ltd.	Compressors, pumps & diesel engines		31.4	0.00%	-0.68%	-	-	-	-	Mid Cap	13.92

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Hindalco Industries Ltd.	Aluminium	18.7	0.39%	0.39%	1.27% (Mar 2025)	0% (Nov 2024)	22.00 k	22000
# LG Electronics India Pvt. Ltd.	Consumer electronics	83.2	1.75%	1.75%	1.75% (Oct 2025)	0% (Nov 2024)	50.00 k	50000

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Cummins India Ltd.	Compressors, pumps & diesel engines	31.4	0.00%	-0.68%	0.68% (Aug 2025)	0% (Nov 2024)	0.00	-8000

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	8.46%	8.66%	8.94%	9.71%	9.37%	9.68%	9.88%	9.60%	10.16%	9.44%	9.54%	9.64%	8.90%
ICICI Bank Ltd.	6.88%	6.90%	7.39%	7.73%	7.34%	8.05%	8.06%	8.73%	8.06%	7.95%	7.69%	7.78%	7.37%
Reliance Industries Ltd.	5.00%	4.73%	6.26%	6.74%	7.07%	6.95%	6.97%	5.41%	5.49%	5.03%	4.68%	4.96%	5.17%
Infosys Ltd.	3.74%	3.92%	4.12%	4.18%	4.32%	4.37%	4.25%	4.96%	5.23%	5.52%	4.95%	5.31%	5.08%
Bharti Airtel Ltd.	3.69%	3.48%	3.61%	3.74%	4.36%	4.18%	4.93%	4.53%	4.11%	4.03%	4.02%	3.70%	3.70%
Larsen & Toubro Ltd.	3.75%	3.51%	3.57%	3.56%	3.49%	3.63%	4.28%	4.58%	4.22%	4.51%	4.42%	3.92%	3.18%
State Bank Of India	3.07%	2.95%	3.05%	2.99%	3.34%	3.43%	3.61%	3.08%	2.96%	3.14%	3.13%	3.30%	2.88%
ITC Limited	1.82%	1.79%	1.89%	2.55%	2.51%	2.62%	2.70%	1.94%	2.70%	3.09%	3.24%	3.58%	3.71%
Axis Bank Ltd.	2.33%	2.59%	2.47%	3.20%	3.50%	3.61%	3.24%	2.90%	1.93%	1.77%	1.85%	2.28%	2.36%
National Thermal Power Corporation Ltd.	1.42%	2.53%	2.51%	2.53%	2.47%	2.55%	2.75%	2.84%	2.33%	2.13%	2.12%	2.81%	3.19%
Mahindra & Mahindra Ltd.	2.71%	2.75%	2.65%	2.62%	1.99%	1.93%	1.92%	1.79%	2.61%	2.86%	2.79%	2.43%	1.49%
Sun Pharmaceutical Industries Ltd.	1.31%	1.28%	1.32%	2.34%	2.24%	2.32%	3.12%	2.34%	2.32%	2.40%	2.52%	2.24%	2.35%
Bharat Electronics Ltd.	2.61%	2.55%	2.40%	2.46%	2.64%	2.90%	2.12%	2.08%	1.83%	2.06%	1.77%	1.55%	1.12%
Bajaj Finance Ltd.	2.41%	2.38%	2.16%	2.14%	2.40%	2.44%	2.32%	2.47%	2.53%	2.22%	1.38%	1.33%	1.41%
Tata Consumer Products Ltd.	2.33%	2.32%	2.26%	1.52%	-	-	-	-	-	-	-	-	-