Helios Flexi Cap Fund vs Union Flexi Cap Fund
Helios Flexi Cap Fund and Union Flexi Cap Fund are both Flexi Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +12.30%, 5-year CAGR — vs +9.96%, volatility 16.21% vs 14.91%, maximum drawdown −18.23% vs −35.36%. Their portfolios overlap by 38% (27 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Fund house | Helios Mutual Fund | Union Mutual Fund |
| Compared as | Flexi Cap | Flexi Cap |
| NAV | ₹16.3700 | ₹59.6400 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 15 Nov 2023 | 2 Jan 2013 |
| Track record | 3.0 yrs | 13.8 yrs |
| Fund size (AUM) | ₹8,784 Cr | ₹2,320 Cr |
| Securities held | 71 | 75 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| 1 month | +4.33% | +3.27% |
| 3 months | +0.99% | −0.68% |
| 6 months | +5.48% | +4.27% |
| 1 year | +4.00% | +2.62% |
| 3 years (CAGR) | — | +12.30% |
| 5 years (CAGR) | — | +9.96% |
| 7 years (CAGR) | — | +15.73% |
| 10 years (CAGR) | — | +13.74% |
| Since launch (CAGR) | +17.17% | +13.02% |
| SIP return (XIRR, 5 years) ⓘ | — | +10.93% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| 2026 (year to date) | +5.14% | +2.37% |
| 2025 | +7.60% | +4.17% |
| 2024 | +29.89% | +18.20% |
| 2023 | — | +28.97% |
| 2022 | — | +0.05% |
| 2021 | — | +38.27% |
Risk
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.21% | 14.91% |
| Downside volatility ⓘ | 10.85% | 10.85% |
| Sharpe ratio ⓘ | 0.66 | 0.39 |
| Sortino ratio ⓘ | 0.98 | 0.54 |
| Maximum drawdown ⓘ | −18.23% | −35.36% |
| Recovery from that fall | 5 months | 6 months |
| Current fall from peak | −0.55% | −1.00% |
| Rolling 1-year return: worst | −5.66% | −27.51% |
| Rolling 1-year return: median | +8.61% | +11.08% |
| Rolling 1-year return: best | +39.78% | +95.81% |
| Share of 1-year periods with a loss | 2.66% | 18.35% |
Against each fund's benchmark
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Beta ⓘ | 0.99 | 0.94 |
| Alpha (Jensen's, annualised) ⓘ | +6.00% | +0.76% |
| R² ⓘ | 88.73 | 94.21 |
| Upside capture | 117.90% | 98.41% |
| Downside capture | 89.64% | 93.93% |
| Tracking error | 5.44% | 3.77% |
| Information ratio | 1.19 | 0.16 |
| Treynor ratio | 7.96 | 4.58 |
Portfolio
Asset mix
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Equity | 98.45% | 95.02% |
| Cash & equivalents | 1.55% | 4.87% |
| Debt | 0.00% | 0.11% |
Market-cap split (share of fund assets)
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Large Cap | 56.03% | 51.69% |
| Mid Cap | 21.06% | 12.51% |
| Small Cap | 19.39% | 26.35% |
| Unclassified | 1.97% | 4.47% |
Concentration
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Top 10 holdings | 34.34% | 31.06% |
| Effective number of stocks ⓘ | 48.2 | 53.1 |
| Securities held | 71 | 75 |
Portfolio overlap: 38%
27 companies are held by both funds; by weight, 38% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Helios Flexi Cap | Union Flexi Cap |
|---|---|---|
| HDFC Bank Limited | 4.31% | 4.51% |
| ICICI Bank Limited | 4.12% | 6.32% |
| State Bank of India | 2.78% | 3.35% |
| Eternal Limited | 4.34% | 2.21% |
| Bajaj Finance Limited | 2.80% | 2.19% |
| Torrent Pharmaceuticals Limited | 1.64% | 1.66% |
| Reliance Industries Limited | 1.95% | 1.43% |
| Bharti Airtel Limited | 1.38% | 2.61% |
| Cholamandalam Investment and Finance Company Ltd | 1.22% | 1.61% |
| Coforge Limited | 2.72% | 1.21% |
| ICICI Prudential Asset Management Company Limited | 1.48% | 1.20% |
| Ather Energy Limited | 2.19% | 1.11% |
| One 97 Communications Limited | 3.68% | 1.09% |
| Shriram Finance Limited | 1.73% | 1.06% |
| Delhivery Limited | 1.55% | 1.06% |
Top 10 holdings
Helios Flexi Cap
- Eternal Limited4.34%
- HDFC Bank Limited4.31%
- ICICI Bank Limited4.12%
- Adani Ports and Special Economic Zone Limited3.92%
- One 97 Communications Limited3.68%
- Kotak Mahindra Bank Limited3.02%
- Bajaj Finance Limited2.80%
- State Bank of India2.78%
- Coforge Limited2.72%
- Adani Enterprises Limited2.65%
Union Flexi Cap
- ICICI Bank Limited6.32%
- HDFC Bank Limited4.51%
- Axis Bank Limited3.65%
- State Bank of India3.35%
- Bharti Airtel Limited2.61%
- Divi's Laboratories Limited2.28%
- Eternal Limited2.21%
- Bajaj Finance Limited2.19%
- Gabriel India Ltd.1.97%
- Sai Life Sciences Limited1.97%
Sector exposure
| Helios Flexi Cap | Union Flexi Cap | |
|---|---|---|
| Banks | 14.23% | 20.48% |
| Pharmaceuticals & Biotechnology | 2.73% | 10.11% |
| Finance | 8.67% | 5.87% |
| Capital Markets | 8.42% | 3.20% |
| Retailing | 7.33% | 3.91% |
| Transport Infrastructure | 4.98% | 1.08% |
| Financial Technology (Fintech) | 4.80% | 1.09% |
| IT - Software | 2.72% | 4.77% |
| Auto Components | 0.59% | 4.67% |
| Transport Services | 2.45% | 3.82% |
| Electrical Equipment | 3.35% | 3.71% |
| Construction | 2.87% | 3.26% |
| Consumer Durables | 3.07% | 2.66% |
| Healthcare Services | 2.93% | 2.75% |
Questions people ask
What is the difference between Helios Flexi Cap and Union Flexi Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +4.00% vs +2.62%; 3-year CAGR — vs +12.30%; 5-year CAGR — vs +9.96%; 10-year CAGR — vs +13.74%. Past returns do not indicate future returns.
How do Helios Flexi Cap and Union Flexi Cap compare on risk?
Volatility (36 monthly returns, annualised) 16.21% vs 14.91%; Sharpe ratio 0.66 vs 0.39; Sortino ratio 0.98 vs 0.54; maximum drawdown −18.23% vs −35.36%; beta 0.99 vs 0.94.
How much do Helios Flexi Cap and Union Flexi Cap overlap?
By weight, 38% of the two portfolios is invested in the same companies; 27 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, State Bank of India. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Helios Flexi Cap and Union Flexi Cap?
Helios Flexi Cap: large cap 56.0%, mid cap 21.1%, small cap 19.4%. Union Flexi Cap: large cap 51.7%, mid cap 12.5%, small cap 26.4% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.