Union Midcap Fund Direct - Growth

Q: What are the returns of Union Midcap Fund?

The Union Midcap Fund is a 5 yrs 4 m old fund and has delivered average annual returns of 35.15% since inception. Union Midcap Fund Returns 1-Year 3-Year 5-Year Since Inception 6.41% 23.23% 30.34% 35.15%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹51.65+0.51% 1 day change	35.15% p.a.	#NA View Ranked Funds	₹1,440 Cr

Historical NAV & returns

NAV: ₹51.65 as on Jul 21, 2025

This fund Category average

Union Midcap Fund overview

Expense ratio	0.7% as on May 31, 2025
Exit load	1.0% Exit load of 1%, if redeemed within 15 days.!
AUM (Fund size)	₹1,440 Cr
Lock-in Period	Nil
Age	5 yrs 4 m since Mar 02, 2020
Benchmark	BSE 150 MidCap TRI
Min. investment	This scheme is currently not buyable
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 Jun 12, 2025

Period	This fund	Category average
1 Month	0.88%	1.09%
3 Months	10.58%	10.49%
6 Months	13.39%	11.6%
1 Year	6.41%	6.27%
2 Years	24.28%	27.2%
3 Years	23.23%	25.32%
4 Years	18.95%	20.53%
5 Years	30.34%	30.02%

View returns in detail

Asset allocationas on May 31, 2025

Large Cap 15.63%

Mid Cap 68.07%

Small Cap 14.17%

Other Cap 0%

Top holdings

The Federal Bank Ltd.3.76%

Max Financial Services Ltd.3.38%

Dixon Technologies (India) Ltd.2.25%

Indian Bank2.21%

Top sectors

Capital Goods 18.599999999999998%

Financial 17.189999999999998%

Services 12.98%

Healthcare 9.92%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.08%

Allocation by Instruments

Repo 2.1%

Treasury Bills 0.08%

Other Holdings

Others 2.1%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Midcap Fund	N.A.	1,440 Cr	5 yrs 4 m	0.7%
Motilal Oswal Midcap Fund	N.A.	30,401 Cr	11 yrs 5 m	0.7%
Nippon India Growth Mid Cap Fund	N.A.	36,836 Cr	12 yrs 6 m	0.72%
HDFC Mid Cap Fund	N.A.	79,718 Cr	12 yrs 6 m	0.77%
Kotak Midcap Fund	N.A.	53,464 Cr	12 yrs 6 m	0.42%
Edelweiss Mid Cap Fund	N.A.	10,028 Cr	12 yrs 6 m	0.4%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Midcap Fund	0.88%	13.39%	6.41%	23.23%	30.34%	N.A.
Motilal Oswal Midcap Fund	0.68%	9.38%	8.0%	32.43%	37.28%	18.64%
Nippon India Growth Mid Cap Fund	0.3%	11.83%	7.49%	28.82%	32.78%	18.23%
HDFC Mid Cap Fund	2.05%	11.97%	8.35%	30.22%	33.1%	18.8%
Kotak Midcap Fund	1.45%	12.72%	7.85%	25.76%	31.4%	19.23%
Edelweiss Mid Cap Fund	-0.32%	11.56%	11.52%	29.37%	33.91%	19.11%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Midcap Fund	16.33	0.95	1.16	1.51
Motilal Oswal Midcap Fund	17.94	0.9	1.5	1.76
Nippon India Growth Mid Cap Fund	15.86	0.95	1.49	2.1
HDFC Mid Cap Fund	14.62	0.87	1.66	2.26
Kotak Midcap Fund	15.95	0.92	1.31	1.68
Edelweiss Mid Cap Fund	16.19	0.95	1.52	2.0

View all Mid Cap funds

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

Alpha	-1.16 vs. 7.94 Underperformed at beating benchmark
Sharpe	1.16 vs. 8.52 Poor risk-adjusted returns
Beta	0.95 vs. 1.14 Less sensitive to market ups & downs
Standard deviation	16.33 vs. 13.36 More volatile performance

Compare Union Midcap Fund in detail with

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 4 m, having been launched on 02/03/2020. Union Midcap Fund Direct - Growth has ₹1,440 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Midcap Fund Direct - Growth as of 21/07/2025 is ₹51.65. The fund has an expense ratio of 0.7%, which is close to what most other Mid Cap funds charge.

Union Midcap Fund Direct - Growth returns of last 1-year are 7.34%. Since launch, it has delivered 36.07% 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 below average.
The fund has the majority of its money invested in Capital Goods, Financial, Services, Healthcare, Automobile sectors. It has taken less exposure in Capital Goods, Financial sectors compared to other funds in the category.
The fund's top 5 holdings are in The Federal Bank Ltd., Max Financial Services Ltd., Dixon Technologies (India) Ltd., Indian Bank, Bharat Electronics Ltd..

...

Fund AUM	1,440 Cr as on May 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	26 view all schemes
Total AUM	21,203 Cr as on Jun 30, 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.	1,577 Cr	6.94%	31.76%
Union Value Fund	N.A.	318 Cr	4.38%	23.79%
Union Large & Midcap Fund	N.A.	866 Cr	4.99%	22.81%
Union ELSS Tax Saver Fund	N.A.	904 Cr	4.35%	22.5%
Union Flexi Cap Fund	N.A.	2,313 Cr	4.98%	22.32%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Union Midcap Fund?

The current Net Asset Value (NAV) of the Union Midcap Fund - Direct Growth plan is approximately ₹51.65 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The Union Midcap Fund is a 5 yrs 4 m old fund and has delivered average annual returns of 35.15% since inception.

Union Midcap Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.41%	23.23%	30.34%	35.15%

How much does this mutual fund charge as expense ratio?

The Union Midcap Fund - Direct Growth has an expense ratio of 0.7%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 1,440 Cr as on May 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.	3.76%
Max Financial Services Ltd.	3.38%
Dixon Technologies (India) Ltd.	2.25%
Indian Bank	2.21%
Bharat Electronics Ltd.	2.2%
Fortis Healthcare Ltd.	2.13%
Suzlon Energy Ltd.	2.12%
JK Cement Ltd.	2.11%
Coforge Ltd.	1.98%
Bharti Hexacom Ltd.	1.95%

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
Capital Goods	18.599999999999998%
Financial	17.189999999999998%
Services	12.98%
Healthcare	9.92%
Automobile	7.05%
Technology	6.3100000000000005%
Materials	4.99%
Chemicals	4.119999999999999%
Metals & Mining	3.41%
Construction	2.66%

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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Union Midcap Fund is complete.

How can I redeem my investments in Union Midcap Fund?

Redeeming your investments in Union Midcap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

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.
Exit Load: Exit load of 1%, if redeemed within 15 days.