Union Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 20-12-2024
₹ 50.26
1D
Inception Returns
39.6%
/yr
About Union Midcap Fund Direct Growth
Union Midcap Fund Direct Growth is an equity fund. This fund was started on 30 March, 2020. The fund is managed by Sanjay Bembalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Midcap Fund Direct Growth has ₹1381 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Union Midcap Fund Direct Growth has given a CAGR return of 39.60% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 32.96% and 22.26% respectively.
Holdings
Union Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Tech, Health, Basic Materials, Communication, Real Estate, Energy, Utilities, Consumer Defensive. Its top holdings are Coforge Ltd, The Federal Bank Ltd, Persistent Systems Ltd, Mphasis Ltd, Voltas Ltd
Taxation
As it is a 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 Midcap Fund Direct Growth
The investment objective of the Scheme is to achieve long term capital appreciation and generate income by investing predominantly in equity and equity related securities of mid cap companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
400 people have invested ₹ 40.2L in Union Midcap Fund Direct Growth in the last three months
Union Midcap Fund Direct Growth Overview
| Expense ratio | 0.73% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹1381 Cr |
| Inception Date | 30 March, 2020 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 161.46% |
| 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Mid cap
70.7%
Small cap
13.7%
Large cap
12.3%
Sector Allocation
Industrial
23.5%
Consumer Cyclical
18.6%
Financial Services
15.9%
Tech
14.6%
Health
10.2%
Basic Materials
6.8%
Communication
4%
Real Estate
3.1%
Energy
1.4%
Utilities
1%
Consumer Defensive
0.9%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.00% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 1.55% in Nov'24
- AUM of the fund stands at 1.4K Cr as of Nov'24
- AUM decreased by 85.3 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Indian Hotels Co Ltd's allocation increased from 0.52% to 1.69%
Persistent Systems Ltd's allocation increased from 2.35% to 2.95%
Solar Industries India Ltd's allocation increased from 0.64% to 1.21%
Top Stocks sold last month
Voltas Ltd's allocation decreased from 2.63 % to 2.58 %
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 2.84 % to 2.57 %
Max Financial Services Ltd's allocation decreased from 2.77 % to 2.49 %
Large Cap allocation has gone down from 13.1% to 12.3%
Small Cap allocation has gone up from 13.4% to 13.7%
Mid Cap allocation has gone down from 71.1% to 70.7%
Cash allocation has gone up from 2.4% to 2.7%
Top 3 Sectors in November were Industrial, Consumer Cyclical & Financial Services
Nov'24
Industrial
23%
Consumer Cyclical
19%
Financial Services
16%
Oct'24
Industrial
23%
Consumer Cyclical
17%
Financial Services
16%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Coforge Ltd | 3.43% | 0% | |
 The Federal Bank Ltd | 3.12% | 18.1% | |
 Persistent Systems Ltd | 2.95% | -3.4% | |
 Mphasis Ltd | 2.89% | 4.4% | |
 Voltas Ltd | 2.58% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 27.2% |
 Coforge Ltd | 16.7% |
 Persistent Systems Ltd | 14.7% |
Loading...
We are taking more time than usual
Sanjay Bembalkar
Fund Manager of Union Midcap Fund Direct Growth, since 1 November 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
Union 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 39.6% since inception which is more than its category average return of 19.7%
Fund Allocations
This fund has an allocation of 97.35% in Equity, 0% in Debt and 2.65% in Cash related instruments
AUM size ₹1381 Cr
This fund has AUM of ₹1381 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Union Midcap Fund Direct Growth
The current NAV of Union Midcap Fund Direct Growth is ₹50.26 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Union Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.86% | 4.86% |
6 Month Returns | 4.71% | 4.71% |
1 Year Returns | 32.96% | 32.96% |
3 Years Returns | 82.76% | 22.26% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.73% as on November 2024
₹1381 Cr as on November 2024
Coforge Ltd(3.43%), The Federal Bank Ltd(3.12%), Persistent Systems Ltd(2.95%), Mphasis Ltd(2.89%), Voltas Ltd(2.58%) as on November 2024
Industrial(22.87%), Consumer Cyclical(18.07%), Financial Services(15.51%) as on November 2024
The alpha ratio for the Union Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Midcap Fund Direct Growth | 1.67 | -0.78 | - |
As on November 2024
The alpha for Union Midcap Fund Direct Growth is calculated against S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Midcap Fund Direct Growth | 0.8 | 0.87 | - |
As on November 2024
The Beta for Union Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 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 Midcap Fund Direct Growth | 1.74 | 0.98 | - |
As on November 2024
The sharpe ratio for Union Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 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 Midcap Fund Direct Growth | 12.52 | 14.58 | - |
As on November 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 1.77 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar is the fund manager of Union Midcap Fund Direct Growth
The Exit load of Union Midcap Fund Direct Growth is 1%