Historical NAV & Returns
Absolute
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398 people have invested ₹ 40.4L in Union Midcap Fund Direct Growth in the last three months
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 Pratik Dharmshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Midcap Fund Direct Growth has ₹1313 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Union Midcap Fund Direct Growth has given a CAGR return of 34.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.74%, 19.01% and 32.50% respectively.
Holdings
Union Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Basic Materials, Health, Tech, Communication, Consumer Defensive, Real Estate, Energy, Utilities. Its top holdings are The Federal Bank Ltd, Voltas Ltd, Max Financial Services Ltd, Mphasis Ltd, Coromandel International 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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.
Union Midcap Fund Direct Growth Overview
| Expense ratio | 0.64% |
Benchmark | S&P BSE 150 MidCap TR INR |
| AUM | ₹1313 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 |
INDmoney Rank for Union 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
No bad points found for this fund.
Trailing Returns
as on (23-Apr-25)
Fund Distribution
as on (31-Mar-25)
Mid cap
68.6%
Small cap
14.9%
Large cap
14.1%
Sector Allocation
Consumer Cyclical
19.1%
Financial Services
18.1%
Industrial
16.3%
Basic Materials
13.2%
Health
11.2%
Tech
10.3%
Communication
4%
Consumer Defensive
2.6%
Real Estate
2%
Energy
1.6%
Utilities
1.6%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 8.98% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 7.55% as on Mar'25
- This fund outperformed Nifty Midcap 150 by 1.43% in Mar'25
- AUM of the fund stands at 1.3K Cr as of Mar'25
- AUM increased by 117.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Navin Fluorine International Ltd's allocation increased from 0.01% to 1.05%
APL Apollo Tubes Ltd's allocation increased from 0.83% to 1.5%
PB Fintech Ltd's allocation increased from 0.78% to 1.38%
Top Stocks sold last month
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 2.23 %
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 1.96 %
Phoenix Mills Ltd's allocation decreased from 2.01 % to 1.94 %
Large Cap allocation has gone down from 15.3% to 14.1%
Small Cap allocation has gone up from 13.9% to 14.9%
Mid Cap allocation has gone up from 66.1% to 68.6%
Cash allocation has gone down from 4.6% to 2.4%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in March were Consumer Cyclical, Financial Services & Industrial
Mar'25
Consumer Cyclical
19%
Financial Services
18%
Industrial
16%
Feb'25
Consumer Cyclical
21%
Financial Services
17%
Industrial
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 The Federal Bank Ltd | 3.94% | 12.6% | |
 Voltas Ltd | 2.72% | 4.5% | |
 Max Financial Services Ltd | 2.55% | 11.7% | |
 Mphasis Ltd | 2.52% | 15.7% | |
 Coromandel International Ltd | 2.45% | 4.4% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Union Midcap Fund Direct Growth | 11.74% | 19.01% | 32.5% | 34.67% |
 Invesco India Mid Cap Fund Direct Plan Growth Option | 22.11% | 24.87% | 32.48% | 21.44% |
 Nippon India Growth Fund - Direct Plan - Growth | 16.19% | 25.04% | 34.88% | 18.9% |
 Motilal Oswal Midcap Direct Growth | 16.08% | 28.43% | 38.44% | 23.77% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Solar Industries India Ltd | 18.1% |
 Coromandel International Ltd | 9.4% |
 Max Financial Services Ltd | 6.8% |
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Pratik Dharmshi
Fund Manager of Union Midcap Fund Direct Growth, since 9 December 2024
Top funds managed
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
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.64% which is lower than the category average expense ratio of 1.16%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 38.44% return, outperforming this fund by 5.93% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 28.43% return, outperforming this fund by 9.42% per annum.
Over the last 1 month, this fund has experienced a 9.8% growth in AUM moving from 1.19K Cr to 1.31K Cr.
In the last 1 year, Invesco India Mid Cap Fund Direct Plan Growth Option has given 22.11% return, outperforming this fund by 10.38%.
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 34.67% since inception which is more than its category average return of 19.21%
Fund Allocations
This fund has an allocation of 97.59% in Equity, 0% in Debt and 2.41% in Cash related instruments
AUM size ₹1313 Cr
This fund has AUM of ₹1313 Cr which is less than its category average of ₹ 11741 Cr
Expense Ratio 0.64%
This fund has an expense ratio of 0.64% which is less than its category average expense ratio of 1.26%
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5Y CAGR
▲ 26.40
5Y CAGR
▲ 31.90
5Y CAGR
▲ 24.83
5Y CAGR
▲ 25.18
5Y CAGR
▲ 24.69
Frequently Asked Questions for Union Midcap Fund Direct Growth
The current NAV of Union Midcap Fund Direct Growth is ₹46.93 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Union Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.83% | 3.83% |
6 Month Returns | -5.52% | -5.52% |
1 Year Returns | 11.74% | 11.74% |
3 Years Returns | 68.57% | 19.01% |
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.
0.64% as on March 2025
₹1313 Cr as on March 2025
The Federal Bank Ltd(3.94%), Voltas Ltd(2.72%), Max Financial Services Ltd(2.55%), Mphasis Ltd(2.52%), Coromandel International Ltd(2.45%) as on March 2025
Consumer Cyclical(18.62%), Financial Services(17.63%), Industrial(15.93%) as on March 2025
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 | 4.5 | -1.18 | 3.37 |
As on March 2025
The alpha for Union Midcap Fund Direct Growth is calculated against S&P BSE 150 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 | 1.01 | 0.9 | 0.88 |
As on March 2025
The Beta for Union Midcap Fund Direct Growth is calculated with S&P BSE 150 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 | 0.28 | 0.71 | 1.49 |
As on March 2025
The sharpe ratio for Union Midcap Fund Direct Growth is calculated with S&P BSE 150 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 | 21.86 | 16.85 | 16.96 |
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 1.11 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Pratik Dharmshi is the fund manager of Union Midcap Fund Direct Growth
The Exit load of Union Midcap Fund Direct Growth is 1%