Historical NAV & Returns
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 ₹1196 Cr worth of assets under management (AUM) as on Feb 2025 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 34.35% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 11.22% and 19.13% 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, Utilities, Energy, Government. Its top holdings are The Federal Bank Ltd, Voltas Ltd, Dixon Technologies (India) Ltd, Indian Hotels Co Ltd, Max Financial Services 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 | 0.71% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹1196 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
Trailing Returns
as on (28-Mar-25)
Fund Distribution
as on (28-Feb-25)
- AUM of the fund stands at 1.2K Cr as of Feb'25
- AUM decreased by 233.1 Cr between Feb'25 and Jan'25
Top 3 Sectors in February were Industrial, Consumer Cyclical & Financial Services
Top Growth Drivers | 1M Return |
|---|---|
 Jindal Steel & Power Ltd | 6.8% |
 Shriram Finance Ltd | 5.6% |
Union Midcap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1196 Cr
Expense Ratio 0.71%
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Frequently Asked Questions for Union Midcap Fund Direct Growth
Union Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.98% | 8.98% |
6 Month Returns | -13.42% | -13.42% |
1 Year Returns | 11.22% | 11.22% |
3 Years Returns | 69.09% | 19.13% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Midcap Fund Direct Growth | 3.23 | -1.56 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Midcap Fund Direct Growth | 0.99 | 0.89 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Midcap Fund Direct Growth | -0.14 | 0.62 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Midcap Fund Direct Growth | 20.09 | 16.3 | - |