Union Large & Midcap Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 27-01-2025
₹ 24.38
1D
Inception Returns
18.9%
/yr
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
- Union Large & Midcap Fund Direct Growth has ₹868 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Union Large & Midcap Fund Direct Growth has given a CAGR return of 18.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.27%, 13.92% and 18.46% respectively.
Holdings
Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Basic Materials, Consumer Defensive, Communication, Energy, Utilities, Real Estate, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, State Bank of India, 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Historical NAV & Returns
Absolute
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95 people have invested ₹ 10.9L in Union Large & Midcap Fund Direct Growth in the last three months
INDmoney Rank for Union Large & Midcap Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Union Large & Midcap Fund Direct Growth Overview
| Expense ratio | 0.96% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹868 Cr |
| Inception Date | 13 December, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 128.84% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (27-Jan-25)
Fund Distribution
as on (30-Nov-24)
Large cap
42.3%
Mid cap
38.5%
Small cap
11.5%
Sector Allocation
Financial Services
24.3%
Industrial
20.1%
Consumer Cyclical
14.4%
Tech
13.8%
Health
6.8%
Basic Materials
6.4%
Communication
4%
Consumer Defensive
3.8%
Energy
2.7%
Utilities
1.9%
Real Estate
1.8%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.99% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -0.60% as on Nov'24
- This fund outperformed NIFTY 500 by 1.58% in Nov'24
- AUM of the fund stands at 847.3 Cr as of Dec'24
- AUM has remained same between Dec'24 and Nov'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 4% to 5.51%
Mahindra & Mahindra Ltd's allocation increased from 0.47% to 1.28%
Larsen & Toubro Ltd's allocation increased from 0.99% to 1.64%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 4.21 % to 4.17 %
Max Financial Services Ltd's allocation decreased from 2.05 % to 2.04 %
ITC Ltd's allocation decreased from 1.99 % to 1.91 %
Top 3 Sectors in December were Financial Services, Industrial & Consumer Cyclical
Dec'24
Financial Services
24%
Industrial
20%
Consumer Cyclical
14%
Nov'24
Financial Services
24%
Industrial
20%
Consumer Cyclical
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.31% | 35.4% | |
 ICICI Bank Ltd | 4.01% | 0% | |
 Infosys Ltd | 2.44% | 0% | |
 State Bank of India | 2.22% | 15.1% | |
 Larsen & Toubro Ltd | 2.08% | 63.4% |
See all
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Pratik Dharmshi
Fund Manager of Union Large & Midcap Fund Direct Growth, since 9 December 2024
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹23.28K Cr
as on 29-Nov-2024
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
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 25.1% return, outperforming this fund by 6.22% per annum.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 27.48% return, outperforming this fund by 14.89%.
This fund expense ratio is slightly on the lower side within the category (large & mid-cap). Its expense ratio is 0.96% which is lower than the category average expense ratio of 1.2%.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 23.6% return, outperforming this fund by 9.3% per annum.
Over the last 6 months, this fund has experienced a 6.2% growth in AUM moving from 817.18 Cr to 868.05 Cr.
Union Large & Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.92% since inception which is more than its category average return of 14.78%
Fund Allocations
This fund has an allocation of 94.83% in Equity, 0.03% in Debt and 5.13% in Cash related instruments
AUM size ₹868 Cr
This fund has AUM of ₹868 Cr which is less than its category average of ₹ 7466 Cr
Expense Ratio 0.96%
This fund has an expense ratio of 0.96% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Union Large & Midcap Fund Direct Growth
The current NAV of Union Large & Midcap Fund Direct Growth is ₹24.38 as on 27-Jan-2025.
Existing (Absolute + CAGR) as on 27-Jan-2025.
Union Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -10.14% | -10.14% |
6 Month Returns | -8.83% | -8.83% |
1 Year Returns | 10.27% | 10.27% |
3 Years Returns | 47.85% | 13.92% |
5 Years Returns | 133.3% | 18.46% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.96% as on December 2024
₹868 Cr as on December 2024
HDFC Bank Ltd(5.31%), ICICI Bank Ltd(4.01%), Infosys Ltd(2.44%), State Bank of India(2.22%), Larsen & Toubro Ltd(2.08%) as on December 2024
Financial Services(21.47%), Industrial(20.05%), Consumer Cyclical(13.02%) as on December 2024
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 | 7.51 | 1.73 | 3.96 |
As on December 2024
The alpha for Union Large & Midcap Fund Direct Growth is calculated against S&P BSE 200 India 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 | 0.83 | 0.87 | 0.94 |
As on December 2024
The Beta for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 200 India 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 | 1.36 | 0.71 | 0.89 |
As on December 2024
The sharpe ratio for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 200 India 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 | 10.24 | 12.95 | 18.69 |
As on December 2024
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 1.17 as on December 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.13 as on December 2024. 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%