Fund Overview
Fund Size
₹1,407 Cr
Expense Ratio
0.65%
ISIN
INF582M01GI3
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
30 Mar 2020
About this fund
Union Midcap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 4 years, 5 months and 21 days, having been launched on 30-Mar-20.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹51.84, Assets Under Management (AUM) of 1406.99 Crores, and an expense ratio of 0.65%.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹51.84, Assets Under Management (AUM) of 1406.99 Crores, and an expense ratio of 0.65%.
- Union Midcap Fund Direct Growth has given a CAGR return of 43.23% since inception.
- The fund's asset allocation comprises around 96.88% in equities, 0.04% in debts, and 3.08% in cash & cash equivalents.
- You can start investing in Union Midcap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+45.17%
+47.90% (Cat Avg.)
3 Years
+22.89%
+24.00% (Cat Avg.)
Since Inception
+43.23%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹1,363.06 Cr | 96.88% |
| Debt | ₹0.54 Cr | 0.04% |
| Others | ₹43.39 Cr | 3.08% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Voltas Ltd | Equity | ₹40.17 Cr | 2.86% |
| Info Edge (India) Ltd | Equity | ₹39.53 Cr | 2.81% |
| Shriram Finance Ltd | Equity | ₹39.2 Cr | 2.79% |
| Persistent Systems Ltd | Equity | ₹38.29 Cr | 2.72% |
| Suzlon Energy Ltd | Equity | ₹37.51 Cr | 2.67% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹35.17 Cr | 2.50% |
| The Federal Bank Ltd | Equity | ₹35.04 Cr | 2.49% |
| Mphasis Ltd | Equity | ₹34.81 Cr | 2.47% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹33.13 Cr | 2.35% |
| Lupin Ltd | Equity | ₹32.84 Cr | 2.33% |
| Treps | Cash - Repurchase Agreement | ₹32.39 Cr | 2.30% |
| Cummins India Ltd | Equity | ₹29.94 Cr | 2.13% |
| Kalyan Jewellers India Ltd | Equity | ₹29.73 Cr | 2.11% |
| Dixon Technologies (India) Ltd | Equity | ₹28.97 Cr | 2.06% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹27.65 Cr | 1.96% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹26.77 Cr | 1.90% |
| Coforge Ltd | Equity | ₹26.29 Cr | 1.87% |
| Trent Ltd | Equity | ₹26.02 Cr | 1.85% |
| Emami Ltd | Equity | ₹24.66 Cr | 1.75% |
| Bharti Hexacom Ltd | Equity | ₹24.52 Cr | 1.74% |
| Supreme Industries Ltd | Equity | ₹24.15 Cr | 1.72% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹22.55 Cr | 1.60% |
| Samvardhana Motherson International Ltd | Equity | ₹21.63 Cr | 1.54% |
| Aurobindo Pharma Ltd | Equity | ₹21.17 Cr | 1.50% |
| UNO Minda Ltd | Equity | ₹19.98 Cr | 1.42% |
| Balkrishna Industries Ltd | Equity | ₹18.14 Cr | 1.29% |
| CG Power & Industrial Solutions Ltd | Equity | ₹17.41 Cr | 1.24% |
| Zomato Ltd | Equity | ₹17.34 Cr | 1.23% |
| Ipca Laboratories Ltd | Equity | ₹17.12 Cr | 1.22% |
| Greenply Industries Ltd | Equity | ₹16.96 Cr | 1.21% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹16.96 Cr | 1.21% |
| Max Financial Services Ltd | Equity | ₹16.92 Cr | 1.20% |
| Quess Corp Ltd | Equity | ₹16.81 Cr | 1.19% |
| Kajaria Ceramics Ltd | Equity | ₹16.5 Cr | 1.17% |
| Alkem Laboratories Ltd | Equity | ₹15.92 Cr | 1.13% |
| Oil India Ltd | Equity | ₹15.89 Cr | 1.13% |
| Schaeffler India Ltd | Equity | ₹15.85 Cr | 1.13% |
| Hindustan Petroleum Corp Ltd | Equity | ₹15.27 Cr | 1.09% |
| Endurance Technologies Ltd | Equity | ₹15.24 Cr | 1.08% |
| Prestige Estates Projects Ltd | Equity | ₹15.09 Cr | 1.07% |
| Sumitomo Chemical India Ltd Ordinary Shares | Equity | ₹14.71 Cr | 1.05% |
| Phoenix Mills Ltd | Equity | ₹14.69 Cr | 1.04% |
| KPIT Technologies Ltd | Equity | ₹14.64 Cr | 1.04% |
| Kaynes Technology India Ltd | Equity | ₹14.35 Cr | 1.02% |
| Godrej Properties Ltd | Equity | ₹14.18 Cr | 1.01% |
| JSW Energy Ltd | Equity | ₹14.03 Cr | 1.00% |
| LIC Housing Finance Ltd | Equity | ₹13.42 Cr | 0.95% |
| ACC Ltd | Equity | ₹13.39 Cr | 0.95% |
| Power Finance Corp Ltd | Equity | ₹13.29 Cr | 0.94% |
| Aarti Industries Ltd | Equity | ₹13.24 Cr | 0.94% |
| Indian Bank | Equity | ₹13.21 Cr | 0.94% |
| Jubilant Foodworks Ltd | Equity | ₹13.13 Cr | 0.93% |
| Thomas Cook India Ltd | Equity | ₹12.86 Cr | 0.91% |
| Escorts Kubota Ltd | Equity | ₹12.82 Cr | 0.91% |
| Cera Sanitaryware Ltd | Equity | ₹12.54 Cr | 0.89% |
| Hero MotoCorp Ltd | Equity | ₹12.06 Cr | 0.86% |
| PB Fintech Ltd | Equity | ₹11.29 Cr | 0.80% |
| Zydus Lifesciences Ltd | Equity | ₹11.2 Cr | 0.80% |
| Bharat Forge Ltd | Equity | ₹11.11 Cr | 0.79% |
| Net Receivable / Payable | Cash - Collateral | ₹10.99 Cr | 0.78% |
| Sona BLW Precision Forgings Ltd | Equity | ₹10.75 Cr | 0.76% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹10.72 Cr | 0.76% |
| Gokaldas Exports Ltd | Equity | ₹10.63 Cr | 0.76% |
| Muthoot Finance Ltd | Equity | ₹10.58 Cr | 0.75% |
| KEI Industries Ltd | Equity | ₹10.43 Cr | 0.74% |
| JK Cement Ltd | Equity | ₹10.41 Cr | 0.74% |
| Blue Star Ltd | Equity | ₹10.29 Cr | 0.73% |
| Happiest Minds Technologies Ltd Ordinary Shares | Equity | ₹9.93 Cr | 0.71% |
| Vodafone Idea Ltd | Equity | ₹9.34 Cr | 0.66% |
| Solar Industries India Ltd | Equity | ₹9 Cr | 0.64% |
| Thermax Ltd | Equity | ₹8.64 Cr | 0.61% |
| PI Industries Ltd | Equity | ₹7.53 Cr | 0.54% |
| GE T&D India Ltd | Equity | ₹7.25 Cr | 0.52% |
| 3M India Ltd | Equity | ₹7.11 Cr | 0.51% |
| Marico Ltd | Equity | ₹6.67 Cr | 0.47% |
| Bharat Heavy Electricals Ltd | Equity | ₹6.5 Cr | 0.46% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹0.54 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
8.05%
Mid Cap Stocks
72.28%
Small Cap Stocks
14.81%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹316.27 Cr | 22.48% |
| Consumer Cyclical | ₹262.11 Cr | 18.63% |
| Financial Services | ₹192.46 Cr | 13.68% |
| Technology | ₹152.93 Cr | 10.87% |
| Healthcare | ₹125.01 Cr | 8.89% |
| Communication Services | ₹108.57 Cr | 7.72% |
| Basic Materials | ₹85.24 Cr | 6.06% |
| Real Estate | ₹43.97 Cr | 3.12% |
| Consumer Defensive | ₹31.32 Cr | 2.23% |
| Energy | ₹31.16 Cr | 2.21% |
| Utilities | ₹14.03 Cr | 1.00% |
Risk & Performance Ratios
Standard Deviation
This fund
13.94%
Cat. avg.
14.34%
Lower the better
Sharpe Ratio
This fund
1.21
Cat. avg.
1.26
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.62
Higher the better
Fund Managers
HB
Hardick Bora
Since March 2020
Gaurav Chopra
Since January 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF582M01GI3 | Expense Ratio | 0.65% | Exit Load | 1.00% | Fund Size | ₹1,407 Cr | Age | 30 Mar 2020 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | S&P BSE 150 MidCap TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Mid-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bandhan Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1509.96 Cr | 50.1% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1509.96 Cr | 52.5% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹15940.06 Cr | 66.1% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹15.15 Cr | - |
| Mirae Asset Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹17560.99 Cr | 38.3% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹17560.99 Cr | 39.8% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹31321.58 Cr | 45.4% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹3292.76 Cr | 53.5% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3292.76 Cr | 51.2% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4514.03 Cr | 45.1% |
About the AMC
Total AUM
₹20,996 Cr
Address
Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013
Other Funds by Union Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Union Children's Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹57.68 Cr | - |
| Union Innovation & Opportunities Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹824.31 Cr | 46.2% |
| Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Moderate Risk | - | 0.0% | - | 7.9% |
| Union Small Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹5092.95 Cr | 35.1% |
| Union Hybrid Equity Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹651.95 Cr | 27.6% |
| Union Medium Duration Fund Direct Growth Moderate Risk | 0.6% | 1.0% | ₹243.36 Cr | 8.1% |
| Union Value Discovery Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹292.89 Cr | 37.3% |
| Union Multicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1093.45 Cr | 39.0% |
| Union Balanced Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1554.42 Cr | 20.6% |
| Union Equity Savings Fund Direct Growth Moderate Risk | 1.4% | 1.0% | ₹264.46 Cr | 13.4% |
| Union Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹249.28 Cr | 8.2% |
| Union Tax Saver (ELSS) Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹969.01 Cr | 34.5% |
| Union Dynamic Bond Fund Direct Growth Moderate Risk | 1.2% | 1.0% | ₹80.69 Cr | 9.5% |
| Union Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1530.50 Cr | 33.3% |
| Union Liquid Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5093.74 Cr | 7.5% |
| Union Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1406.99 Cr | 45.2% |
| Union Gilt Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹165.41 Cr | 10.4% |
| Union Largecap Fund Direct Growth Very High Risk | 1.6% | 1.0% | ₹421.90 Cr | 28.7% |
| Union Retirement Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹149.25 Cr | 35.8% |
| Union Corporate Bond Fund Direct Growth Moderate Risk | 0.4% | 1.0% | ₹349.94 Cr | 8.2% |
| Union Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹245.45 Cr | 6.8% |
| Union Focused Fund Direct Growth Very High Risk | 1.5% | 1.0% | ₹426.55 Cr | 27.5% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹179.08 Cr | 7.3% |
| Union Large & Midcap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹860.15 Cr | 35.4% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Union Midcap Fund Direct Growth?
The NAV of Union Midcap Fund Direct Growth, as of 19-Sep-2024, is ₹51.84.
What are the returns of Union Midcap Fund Direct Growth?
The fund has generated 45.17% over the last 1 year and 22.89% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Union Midcap Fund Direct Growth?
The fund's allocation of assets is distributed as 96.88% in equities, 0.04% in bonds, and 3.08% in cash and cash equivalents.
Who manages the Union Midcap Fund Direct Growth?
The fund managers responsible for Union Midcap Fund Direct Growth are:-
- Hardick Bora
- Gaurav Chopra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.