Union Large & Midcap Fund Direct Growth

Union Large & Midcap Fund Direct Growth

NAV as on 23-04-2025

₹ 25.6

0.4%

1D

Inception Returns

19.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
92 people have invested ₹ 5.9L in Union Large & Midcap Fund Direct Growth in the last three months

About Union Large & Midcap Fund Direct Growth

Union Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 13 December, 2019. The fund is managed by Pratik Dharmshi. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Large & Midcap Fund Direct Growth has ₹807 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

Union Large & Midcap Fund Direct Growth has given a CAGR return of 19.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.84%, 15.74% and 25.18% respectively.

Holdings

Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Energy, Communication, Utilities, Real Estate, Consumer Defensive. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Larsen & Toubro Ltd

Taxation

As it is a large & mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Union Large & Midcap Fund Direct Growth

The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Large & Midcap Fund Direct Growth has no lock in period.

Union Large & Midcap Fund Direct Growth Overview

Expense ratio0.95%
Benchmark
S&P BSE 250 LargeMidcap Index TR INR
AUM₹807 Cr
Inception Date13 December, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
128.84%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for Union Large & Midcap Fund Direct Growth

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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5Y returns in the bottom 25% of the category
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3Y returns in the bottom 25% of the category

Trailing Returns

as on (23-Apr-25)

Period
Union Large & Midcap Fund Direct Growth
NIFTY 500
large & mid-cap
1M
3.1%
4.5%
3.4%
3M
1.3%
3.2%
1.2%
6M
-4.2%
-2.6%
-4%
1Y
8.8%
7.7%
10.2%
3Y
15.7%
14.3%
17.6%
5Y
25.2%
23.9%
26.3%

Fund Distribution

as on (31-Mar-25)

  • Equity 98.2%

  • Debt & Cash 1.8%

Large cap
49.3%

Mid cap
39%

Small cap
9.9%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Financial Services
27.4%
Industrial
17.1%
Consumer Cyclical
16.8%
Basic Materials
9.9%
Health
8.4%
Tech
7.7%
Energy
3.9%
Communication
3.8%
Utilities
2.7%
Real Estate
1.2%
Consumer Defensive
1.1%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
7.88%
-7.93%
-7.76%
NIFTY 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 7.88% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 7.25% as on Mar'25
  • This fund outperformed NIFTY 500 by 0.63% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 807.4 Cr
₹ 17.8K Cr
₹ 805.4 Cr
  • AUM of the fund stands at 807.4 Cr as of Mar'25
  • AUM decreased by 17K Cr between Mar'25 and Feb'25
Top Stocks bought last month
APL Apollo Tubes Ltd's allocation increased from 0.52% to 1.38%
APL Apollo Tubes Ltd's allocation increased from 0.52% to 1.38%
Lupin Ltd's allocation increased from 0.51% to 1.15%
Lupin Ltd's allocation increased from 0.51% to 1.15%
ZF Commercial Vehicle Control Systems India Ltd's allocation increased from 0.63% to 1.26%
ZF Commercial Vehicle Control Systems India Ltd's allocation increased from 0.63% to 1.26%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 2.65 % to 2.6 %
Reliance Industries Ltd's allocation decreased from 2.65 % to 2.6 %
Infosys Ltd's allocation decreased from 2.42 % to 1.86 %
Infosys Ltd's allocation decreased from 2.42 % to 1.86 %
Maruti Suzuki India Ltd's allocation decreased from 1.8 % to 1.6 %
Maruti Suzuki India Ltd's allocation decreased from 1.8 % to 1.6 %
Mid Cap allocation has gone up from 35.8% to 39%
Mid Cap allocation has gone up from 35.8% to 39%
Large Cap allocation has gone down from 51.6% to 49.3%
Large Cap allocation has gone down from 51.6% to 49.3%
Small Cap allocation has gone up from 9% to 9.9%
Small Cap allocation has gone up from 9% to 9.9%
Cash allocation has gone down from 3.7% to 1.8%
Cash allocation has gone down from 3.7% to 1.8%
Debt allocation has gone down from 0% to 0%
Debt allocation has gone down from 0% to 0%

Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial

Mar'25
Financial Services
27%
Industrial
17%
Consumer Cyclical
17%
Feb'25
Financial Services
27%
Consumer Cyclical
17%
Industrial
17%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
6.86%
9%
ICICI Bank Ltd
ICICI Bank Ltd
5%
4.5%
Reliance Industries Ltd
Reliance Industries Ltd
2.6%
0%
Bharti Airtel Ltd
Bharti Airtel Ltd
2.58%
0%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
2.42%
12%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct Growth
8.84%
15.74%
25.18%
19.1%
Invesco India Large&MidCap Fund Direct Plan Growth
Invesco India Large&MidCap Fund Direct Plan Growth
21.27%
23.53%
27.68%
18.34%
Motilal Oswal Large and Midcap Fund Direct Growth
Motilal Oswal Large and Midcap Fund Direct Growth
15.72%
26.65%
31.62%
24.36%
ICICI Prudential Large & Mid Cap Fund Direct Plan Growth
ICICI Prudential Large & Mid Cap Fund Direct Plan Growth
15.1%
22.55%
31.65%
17.1%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
HDFC Bank Ltd
HDFC Bank Ltd
9%
ICICI Bank Ltd
ICICI Bank Ltd
4.3%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
72
81
82
Top 5 Company Concentration
19.5%
18.7%
17.8%
Company having highest exposure
HDFC Bank Ltd (6.9%)
HDFC Bank Ltd (6.5%)
HDFC Bank Ltd (5.9%)
No of Sectors
11
12
12
Top 5 Sectors Concentration
79.6%
78.4%
77.5%
Sector having highest exposure
Financial Services (27.4%)
Financial Services (26.5%)
Financial Services (24.2%)
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Pratik Dharmshi
Pratik Dharmshi
Fund Manager of Union Large & Midcap Fund Direct Growth, since 9 December 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Midcap Fund Direct Growth
18.83%
19.51%
Union Small Cap Fund Direct Growth
16.1%
18.44%
Union Large & Midcap Fund Direct Growth
15.59%
17.36%
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹40.98K Cr
as on 31-Mar-2025
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com

Mutual Fund Insights

Insights icon
In the last 1 year, Invesco India Large&MidCap Fund Direct Plan Growth has given 21.27% return, outperforming this fund by 12.43%.
Insights icon
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 26.65% return, outperforming this fund by 10.91% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (large & mid-cap). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.22%.
Insights icon
Over the last 1 month, this fund has experienced a 95.5% drop in AUM moving from 17.81K Cr to 807.41 Cr.
Insights icon
In the last 5 years, ICICI Prudential Large & Mid Cap Fund Direct Plan Growth has given 31.65% return, outperforming this fund by 6.48% per annum.

Union Large & Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.1% since inception which is more than its category average return of 14.69%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.16% in Equity, 0% in Debt and 1.84% in Cash related instruments
AUM size ₹807 Cr

AUM size ₹807 Cr

This fund has AUM of ₹807 Cr which is less than its category average of ₹ 7538 Cr
Expense Ratio 0.95%

Expense Ratio 0.95%

This fund has an expense ratio of 0.95% which is less than its category average expense ratio of 1.38%
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Frequently Asked Questions for Union Large & Midcap Fund Direct Growth

The current NAV of Union Large & Midcap Fund Direct Growth is ₹25.6 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Union Large & Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.06%
3.06%
6 Month Returns
-4.19%
-4.19%
1 Year Returns
8.84%
8.84%
3 Years Returns
55.06%
15.74%
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0.95% as on March 2025
₹807 Cr as on March 2025
HDFC Bank Ltd(6.86%), ICICI Bank Ltd(5%), Reliance Industries Ltd(2.6%), Bharti Airtel Ltd(2.58%), Larsen & Toubro Ltd(2.42%) as on March 2025
Financial Services(26.92%), Industrial(16.82%), Consumer Cyclical(16.45%) as on March 2025
The alpha ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Large & Midcap Fund Direct Growth
1.55
1.84
2.16
As on March 2025
The alpha for Union Large & Midcap Fund Direct Growth is calculated against S&P BSE 250 LargeMidcap Index TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Large & Midcap Fund Direct Growth
1.05
0.92
0.94
As on March 2025
The Beta for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 250 LargeMidcap Index TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Union Large & Midcap Fund Direct Growth
0.11
0.59
1.26
As on March 2025
The sharpe ratio for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 250 LargeMidcap Index TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Union Large & Midcap Fund Direct Growth
18.24
14.61
15.74
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.91 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.25 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Pratik Dharmshi is the fund manager of Union Large & Midcap Fund Direct Growth
The Exit load of Union Large & Midcap Fund Direct Growth is 1%