Fund manager · Union

Sanjay Bembalkar

Head-Equity at Union. Runs 11 schemes worth ₹10,216 Cr.

Fund house
UnionThey run their schemes at Union.
AUM they run
₹10,216 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
11 now · 8 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.
Experience
18 years18 years

Profile^{(Union's SAI, 30 Jun 2026)}

About

Role: Head-Equity
Studied: CFA® charterholder with the CFA Institute, USA, Chartered Accountant, M.Sc. (Accounting and Finance); B.Com.
Age: 42 years
Experience: 18 years

Schemes now11

Union Flexi Cap Fund₹2,320 Cr
Union Multicap Fund₹1,516 Cr
Union Innovation Opportunities Fund₹1,307 Cr
Union Balanced Advantage Fund₹1,158 Cr
Union Multi Asset Allocation Fund₹989 Cr
Union ELSS Tax Saver Fund₹821 Cr
and 5 more, all below

AUM they run^{(Jun 2021 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	10,216	−4.5%
Aug 2026	10,692	+3.2%
Jul 2026	10,363	+1.4%
Jun 2026	10,224	+3.4%
May 2026	9,885	+0.7%
Apr 2026	9,820	+9.6%
Mar 2026	8,956	−9.8%
Feb 2026	9,929	+1.5%
Jan 2026	9,779	+1.0%
Dec 2025	9,687	−0.7%
Nov 2025	9,750	0.0%
Oct 2025	9,747	+3.6%

AUM at month end, Sept 2026

₹10,216

+4.8% since Oct 2025

Fig. 1.The AUM of the schemes Sanjay Bembalkar 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^{(Jun 2021 – now)}

Union20222023202420252026

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^{(Jun 2021 – now)}

Union

11 now · since Jun 2021

Union Flexi Cap Fund
Co-managerJan 2023—3y 10m₹2,320 CrFlexi CapTER 1.50%

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

Performance^{(19 schemes)}

Growth · Direct plans

Return as manager: +12.35%
Beat peers: 4 of 14
vs peers: −0.58 pt
Longest run: 5.4 years
Beat benchmark: Upcoming

Each scheme Sanjay Bembalkar ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

Union Largecap Fund	Jun '21–now · 5.4y	+8.75%	+10.14%	−1.38 pt	–	–
Union Value Fund	Jun '21–Nov '24 · 3.4y	+22.39%	+22.71%	−0.32 pt	–	–
Union ELSS Tax Saver Fund	Jun '21–now · 5.4y	+12.34%	+13.30%	−0.96 pt	–	–
Union Retirement Fund	Sep '22–Dec '24 · 2.2y	+25.87%	+19.87%	+6.01 pt	–	–
Union Multicap Fund	Jan '23–now · 3.8y	+17.04%	+15.42%	+1.62 pt	–	–
Union Balanced Advantage Fund	Jan '23–now · 3.8y	+8.40%	+10.26%	−1.86 pt	–	–
Union Small Cap Fund	Jan '23–Dec '24 · 1.9y	+34.87%	+35.15%	−0.28 pt	–	–
Union Flexi Cap Fund	Jan '23–now · 3.8y	+12.36%	+13.20%	−0.84 pt	–	–
Union Aggressive Hybrid Fund	Jan '23–now · 3.8y	+10.92%	+11.21%	−0.29 pt	–	–
Union Equity Savings Fund	Jan '23–now · 3.8y	+7.09%	+9.38%	−2.29 pt	–	–
Union Focused Fund	Jan '23–Dec '24 · 1.9y	+19.96%	+25.02%	−5.06 pt	–	–
Union Innovation Opportunities Fund	Sep '23–now · 3.1y	+17.41%	+12.04%	+5.36 pt	–	–
Union Children S Fund	Dec '23–Nov '24 · 0.9y	+22.17%	+18.40%	+3.77 pt	–	–
Union Business Cycle Fund	Mar '24–Dec '24 · 0.7y	+12.63%	+16.66%	−4.03 pt	–	–
Union Multi Asset Allocation Fund	Sep '24–now · 2.1y	+9.23%	+7.76%	+1.47 pt	–	–
Union Midcap Fund	Nov '24–Dec '24 · 0.1y	+1.00%	+0.56%	+0.44 pt	–	–
Union Large Midcap Fund	Nov '24–Dec '24 · 0.1y	+0.99%	+1.03%	−0.04 pt	–	–
Union Active Momentum Fund	Dec '24–now · 1.8y	+1.70%	+2.70%	−0.99 pt	–	–
Union Consumption Fund	Dec '25–now · 0.8y	−4.10%	−0.82%	−3.28 pt	–	–

Fig. 1.Each scheme Sanjay Bembalkar ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(7 now)}

Vinod MalviyaFlexi Cap Fund · Multi Asset Allocation Fund · ELSS Tax Saver Fund · Aggressive Hybrid Fund · Consumption Fund5 schemes
Gaurav ChopraInnovation Opportunities Fund · Balanced Advantage Fund · Active Momentum Fund · Equity Savings Fund4 schemes
Parijat AgrawalBalanced Advantage Fund · Aggressive Hybrid Fund · Equity Savings Fund3 schemes
Anindya SarkarMulti Asset Allocation Fund1 scheme
Harshad PatwardhanMulticap Fund1 scheme
Pratik DharmshiLargecap Fund1 scheme
Vishal ThakkerBalanced Advantage Fund1 scheme

Career^{(Apr 2010 – Oct 2019)}

with Canara Robeco Asset Management Company Limited as Fund Manager – Equities

Position not stated
Dec 2017—Oct 20191y 11m

with Canara Robeco Asset Management Company Limited as Research Analyst – Equity

Position not stated
Aug 2015—Dec 20172y 5m

with LIC Mutual Fund Asset Management Ltd. as Research Analyst – Equity

Position not stated
Apr 2010—Aug 20155y 5m

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