Union Midcap Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The Union Midcap Fund Direct - Growth is a 5 yrs 11 m old fund and has delivered average annual returns of 31.06% since inception. Union Midcap Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 11.31% 21.78% 20.86% 31.06%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹50.59-1.25% 1 day change	31.06% p.a.	App exclusive #NA View Ranked Funds	₹1,634 Cr

Historical NAV & returns

NAV: ₹50.59 as on Feb 02, 2026

This fund Category average

Union Midcap Fund overview

Expense ratio	0.74% as on Feb 02, 2026
Exit load	1.0% Exit load of 1%, if redeemed within 15 days.!
AUM (Fund size)	₹1,634 Cr
Lock-in Period	Nil
Age	5 yrs 11 m since Mar 02, 2020
Benchmark	BSE 150 MidCap TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Union Midcap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-5.14%	-5.32%
3 Months	-4.83%	-6.06%
6 Months	-0.24%	-1.6%
1 Year	11.31%	7.78%
2 Years	12.08%	10.87%
3 Years	21.78%	21.34%
4 Years	15.33%	15.42%
5 Years	20.86%	19.31%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 14.21%

Mid Cap 70.54%

Small Cap 13.77%

Other Cap 0%

Top holdings

The Federal Bank Ltd.4.21%

Max Financial Services Ltd.2.93%

Shriram Finance Ltd2.69%

L&T Finance Ltd.2.57%

Top sectors

Financial 20.429999999999996%

Capital Goods 14.95%

Services 14.780000000000001%

Healthcare 11.52%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.05%

Allocation by Instruments

Repo 1.72%

Treasury Bills 0.05%

Other Holdings

Others 1.72%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Midcap Fund	-5.14%	-0.24%	11.31%	21.78%	20.86%	N.A.
HDFC Mid Cap Fund	-3.42%	3.25%	13.4%	25.92%	24.19%	19.89%
Nippon India Growth Mid Cap Fund	-4.17%	0.71%	10.98%	25.7%	23.3%	19.94%
Motilal Oswal Midcap Fund	-7.8%	-10.58%	-4.17%	23.28%	25.54%	18.22%
Edelweiss Mid Cap Fund	-4.66%	1.31%	10.91%	26.68%	23.68%	20.4%
Kotak Midcap Fund	-5.0%	-2.91%	9.46%	21.86%	21.13%	19.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Midcap Fund	15.28	0.92	1.0	1.25
HDFC Mid Cap Fund	13.88	0.85	1.31	1.87
Nippon India Growth Mid Cap Fund	15.42	0.95	1.18	1.74
Motilal Oswal Midcap Fund	18.56	0.96	0.92	1.15
Edelweiss Mid Cap Fund	15.41	0.93	1.27	1.64
Kotak Midcap Fund	15.18	0.89	1.0	1.25

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Midcap Fund	N.A.	1,634 Cr	5 yrs 11 m	0.74%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13 yrs 1 m	0.74%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	13 yrs 1 m	0.74%
Motilal Oswal Midcap Fund	N.A.	36,880 Cr	12 yrs	0.76%
Edelweiss Mid Cap Fund	N.A.	13,650 Cr	13 yrs 1 m	0.42%
Kotak Midcap Fund	N.A.	60,637 Cr	13 yrs 1 m	0.38%

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.07 vs. 6.75 Underperformed at beating benchmark
Sharpe	1.0 vs. 6.89 Poor risk-adjusted returns
Beta	0.92 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	15.28 vs. 14.58 More volatile performance

About this fund

About Union Midcap Fund

Union Midcap Fund Direct - Growth is a Mid Cap mutual fund scheme from Union Mutual Fund. This fund has been in existence for 5 yrs 11 m, having been launched on 02/03/2020. Union Midcap Fund Direct - Growth has ₹1,634 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Midcap Fund Direct - Growth as of 02/02/2026 is ₹50.59. The fund has an expense ratio of 0.74%, which is close to what most other Mid Cap funds charge.

Union Midcap Fund Direct - Growth returns of last 1-year are 10.69%. Since launch, it has delivered 31.82% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Union Midcap Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Capital Goods, Services, Healthcare, Automobile sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in The Federal Bank Ltd., Max Financial Services Ltd., Shriram Finance Ltd, L&T Finance Ltd., Fortis Healthcare Ltd..

...

Fund AUM	1,634 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Gaurav Chopra

Mr. Chopra has done B.Com, Chartered Accountant and CFA (Level III cleared) Prior to joining Union Mutual Fund, he was associated with Centrum Portfolio Management Services- Centrum Broking Ltd., Barclays Wealth Trustees (India) Pvt. Ltd. and Sharp & Tanan Associates

Pratik Dharmshi

Mr. Dharmshi has done B. Com & CA Prior to joining Union AMC, he was associated with UTI Pension Fund Limited, Safe Enterprises, Girik Capital, Edelweiss AMC, JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.

Investment objective

The Scheme seeks to achieve long term capital appreciation and generate income by investing predominantly in equity and equity related securities of mid cap companies.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 31, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Union Small Cap Fund	N.A.	1,744 Cr	5.69%	20.59%
Union Value Fund	N.A.	371 Cr	10.84%	16.79%
Union Large & Midcap Fund	N.A.	943 Cr	8.21%	15.67%
Union ELSS Tax Saver Fund	N.A.	904 Cr	7.9%	15.11%
Union Flexi Cap Fund	N.A.	2,402 Cr	7.18%	14.89%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Union Midcap Fund Direct - Growth?

The current Net Asset Value (NAV) of the Union Midcap Fund - Direct Growth plan is approximately ₹50.59 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Union Midcap Fund Direct - Growth is a 5 yrs 11 m old fund and has delivered average annual returns of 31.06% since inception.

Union Midcap Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
11.31%	21.78%	20.86%	31.06%

How much does this mutual fund charge as expense ratio?

The Union Midcap Fund - Direct Growth has an expense ratio of 0.74%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Union Midcap Fund currently has assets under management (AUM) or fund size valued at approximately 1,634 Cr as on Dec 31, 2025.

What are the top stock holdings of Union Midcap Fund?

The Union Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
The Federal Bank Ltd.	4.21%
Max Financial Services Ltd.	2.93%
Shriram Finance Ltd	2.69%
L&T Finance Ltd.	2.57%
Fortis Healthcare Ltd.	2.43%
Kei Industries Ltd.	2.38%
Mphasis Ltd.	2.36%
The Phoenix Mills Ltd.	2.23%
Bharti Hexacom Ltd.	2.22%
Indian Bank	2.16%

What are the top sectors Union Midcap Fund has invested in?

The Union Midcap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	20.429999999999996%
Capital Goods	14.95%
Services	14.780000000000001%
Healthcare	11.52%
Automobile	8.649999999999999%
Technology	6.26%
Chemicals	4.99%
Construction	4.08%
Communication	3.5200000000000005%
Metals & Mining	2.75%

What is risk level of Union Midcap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Union Midcap Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Union Midcap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Union Midcap Fund is complete.

How can I redeem my investments in Union Midcap Fund?

Redeeming your investments in the Union Midcap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Chance: This fund has generated only 26.44% annual return in 70% of times for investors holding for at least 5 years.
Exit Load: Exit load of 1%, if redeemed within 15 days.