Fundalysisby DARKHORSESTOCKS

Fund manager · Union

Pratik Dharmshi

Fund Manager - Equity at Union. Runs 8 schemes worth ₹7,333 Cr.

  • Fund house

    UnionThey run their schemes at Union.

  • AUM they run

    ₹7,333 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

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

  • Experience

    15 years15 years

Profile(Union's SAI, 30 Jun 2026)

About

Role
Fund Manager - Equity
Studied
Chartered Accountant, B.Com
Experience
15 years

Schemes now8

  1. Union Small Cap Fund₹2,732 Cr
  2. Union Midcap Fund₹1,906 Cr
  3. Union Large Midcap Fund₹969 Cr
  4. Union Business Cycle Fund₹485 Cr
  5. Union Focused Fund₹433 Cr
  6. Union Largecap Fund₹408 Cr
  7. and 2 more, all below

AUM they run(Dec 2024 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20267,333−2.6%
Aug 20267,529+6.4%
Jul 20267,079+3.0%
Jun 20266,875+4.9%
May 20266,557+3.2%
Apr 20266,351+13.8%
Mar 20265,579−9.3%
Feb 20266,153+2.9%
Jan 20265,978−2.5%
Dec 20256,131−1.4%
Nov 20256,220−0.1%
Oct 20256,224+7.4%
AUM at month end, Sept 2026
₹7,333 Cr
+17.8% since Oct 2025
Fig. 1.The AUM of the schemes Pratik Dharmshi 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(Dec 2024 – now)

  1. Small Cap Fund
  2. Midcap Fund
  3. Large Midcap Fund
  4. Business Cycle Fund
  5. Focused Fund
  6. Retirement Fund
  7. Largecap Fund
  8. Diversified Equity All Cap Active FoF
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(Dec 2024 – now)

Union

8 now · since Dec 2024
  1. Union Small Cap Fund
    Co-managerDec 2024—1y 11m₹2,732 CrSmall CapTER 1.08%

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

Performance(8 schemes)

Growth · Direct plans

Return as manager
+3.59%
Beat peers
6 of 8
vs peers
+1.84 pt
Longest run
1.9 years
Beat benchmark
Upcoming
Each scheme Pratik Dharmshi ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Union Small Cap Fund
Dec '24–now · 1.9y
+9.93%+3.55%+6.38 pt––
Union Retirement Fund
Dec '24–now · 1.9y
+2.88%+2.10%+0.77 pt––
Union Focused Fund
Dec '24–now · 1.9y
+3.70%+1.76%+1.94 pt––
Union Business Cycle Fund
Dec '24–now · 1.9y
+1.94%+2.37%−0.43 pt––
Union Large Midcap Fund
Dec '24–now · 1.9y
+3.48%+1.10%+2.38 pt––
Union Midcap Fund
Dec '24–now · 1.9y
+5.62%+3.57%+2.05 pt––
Union Largecap Fund
Jul '25–now · 1.3y
−6.44%−5.52%−0.92 pt––
Union Diversified Equity All Cap Active FoF
Sep '25–now · 1.1y
+7.02%+5.28%+1.74 pt––
Fig. 1.Each scheme Pratik Dharmshi ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(5 now)

  1. Gaurav ChopraSmall Cap Fund · Midcap Fund · Diversified Equity All Cap Active FoF3 schemes
  2. Vinod MalviyaLarge Midcap Fund · Focused Fund2 schemes
  3. Harshad PatwardhanBusiness Cycle Fund1 scheme
  4. Pratit VajaniRetirement Fund1 scheme
  5. Sanjay BembalkarLargecap Fund1 scheme

Career(Apr 2010 – Mar 2023)

with UTI Pension Fund Limited as Equity Fund Manager

  1. Position not stated
    Aug 2022—Mar 20238m

with Safe Enterprises as Equity Analyst

  1. Position not stated
    Apr 2022—Aug 20225m

and Equity Fund Manager from

  1. Position not stated
    Apr 2019—Feb 20222y 11m

with Girik Capital as Equity Analyst. Appointed as Equity Research Analyst from

  1. Position not stated
    Aug 2017—Mar 20191y 8m

with Edelweiss Asset Management Company Limited

  1. Position not stated
    Dec 2013—Aug 20173y 9m

with JP Morgan Private Limited as Equity Analyst

  1. Position not stated
    Jan 2011—Dec 20133y

with Crisil Limited as Equity Analyst

  1. Position not stated
    Apr 2010—Aug 20105m

Source.Union's Statement of Additional Information, as of 30 Jun 2026.