Fundalysisby DARKHORSESTOCKS

Fund manager · Union

Harshad Patwardhan

Chief Investment Officer at Union. Runs 2 schemes worth ₹2,001 Cr.

  • Fund house

    UnionThey run their schemes at Union.

  • AUM they run

    ₹2,001 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    2 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Nov 2024.

  • Experience

    32 years32 years

Profile(Union's SAI, 30 Jun 2026)

About

Role
Chief Investment Officer
Studied
B. Tech (IITB), PGDM (IIML), CFA (CFA Institute)
Age
57 years
Experience
32 years

Schemes now2

  1. Union Multicap Fund₹1,516 Cr
  2. Union Business Cycle Fund₹485 Cr

AUM they run(Nov 2024 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20262,001−3.8%
Aug 20262,080+5.2%
Jul 20261,977+1.9%
Jun 20261,940+3.8%
May 20261,870+1.8%
Apr 20261,836+11.9%
Mar 20261,640−10.9%
Feb 20261,841+1.7%
Jan 20261,810−2.7%
Dec 20251,859−1.7%
Nov 20251,892−0.7%
Oct 20251,905+3.9%
AUM at month end, Sept 2026
₹2,001 Cr
+5.0% since Oct 2025
Fig. 1.The AUM of the schemes Harshad Patwardhan ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Nov 2024 – now)

  1. Multicap Fund
  2. Business Cycle Fund
Union20252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Nov 2024 – now)

Union

2 now · since Nov 2024
  1. Union Multicap Fund
    Co-managerNov 2024—2y₹1,516 CrMulti CapTER 1.37%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(2 schemes)

Growth · Direct plans

Return as manager
+3.60%
Beat peers
1 of 2
vs peers
+1.41 pt
Longest run
1.9 years
Beat benchmark
Upcoming
Each scheme Harshad Patwardhan ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Union Business Cycle Fund
Nov '24–now · 1.9y
+1.81%+2.28%−0.47 pt––
Union Multicap Fund
Nov '24–now · 1.9y
+5.39%+2.09%+3.29 pt––
Fig. 1.Each scheme Harshad Patwardhan ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(2 now)

  1. Pratik DharmshiBusiness Cycle Fund1 scheme
  2. Sanjay BembalkarMulticap Fund1 scheme