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Union Large & Midcap Fund

Large & MidCapVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹26.86+0.11%1 day
Return since launch
15.6%
52-week range
₹23.00 — ₹27.73
AUM
₹1,018 Cr

Union Large & Midcap Fund is a Large & MidCap equity fund from Union Mutual Fund with ₹1,018 Cr under management, launched in 2019. Over three years it has returned 7.3% a year, against 12.9% for its category. The expense ratio is 2.55% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y7.6%+4.2 pts3.4%-1.1%
2Y6.4%+2.8 pts3.6%0.9%
3Y7.3%−5.6 pts12.9%4.2%
5Y11.1%−0.2 pts11.3%10.2%

Fund against category

1Y
Fund7.6%
Category3.4%
3Y
Fund7.3%
Category12.9%
5Y
Fund11.1%
Category11.3%

Since launch (15 Nov 2019): 15.6%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20252.2%−3.2 pts5.4%
202420.4%−4.6 pts25.0%
202326.6%−4.8 pts31.4%
2022-3.2%−6.2 pts3.0%
202138.7%−0.4 pts39.1%
202024.1%+6.5 pts17.5%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

2.57%

Expense ratio as on 25 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.93%
Brokerage
0.08%
Transaction charges
0.01%
Statutory levies
0.55%
Exit load
Exit load of 1%, if redeemed within 15 days.
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
Nifty Large Midcap 250 TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha1.747.31Return earned above what the benchmark alone would have given. Higher is better.
Beta0.951.05How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.520.80Return earned for each unit of total risk taken. Higher is better.
Sortino0.570.99Return earned for each unit of downside risk. Higher is better.
Std. deviation15.2117.61How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

Union Large & Midcap Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity98.7%
  • Debt0.0%
  • Other1.3%

Market cap split

  • Large45.2%
  • Mid42.5%
  • Small12.3%
P/E
36.57
P/B
4.69

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
ICICI Bank Ltd.Financial5.07%₹51.62 Cr+3.06%+3.57%+3.69%
HDFC Bank Ltd.Financial2.72%₹27.69 Cr+3.15%+3.75%+5.28%
Bharti Airtel Ltd.Communication2.28%₹23.21 Cr+2.51%+2.05%+2.55%
One97 Communications Ltd.Services2.26%₹23.02 Cr+1.53%+1.36%+1.07%
Eternal Ltd.Services2.23%₹22.69 Cr+1.24%+1.02%+1.48%
Max Financial Services Ltd.Financial2.16%₹21.96 Cr+2.51%+2.45%+2.52%
Shriram Finance LtdFinancial2.15%₹21.87 Cr+2.58%+2.94%+1.04%
Axis Bank Ltd.Financial2.06%₹20.93 Cr+1.53%+1.13%+0.90%
Jindal Steel Ltd.Metals & Mining1.95%₹19.83 Cr+1.67%+1.71%+1.37%
Multi Commodity Exchange Of India Ltd.Services1.94%₹19.72 Cr+0.92%+0.42%—

Sectors

  • Financial23.5%
  • Capital Goods13.6%
  • Services12.4%
  • Healthcare8.8%
  • Automobile8.0%
  • Metals & Mining5.8%
  • Chemicals5.4%
  • Technology5.3%

Instruments

  • Repo1.7%
  • Treasury Bills0.0%

Recent changes

HoldingFromToWeight
Multi Commodity Exchange Of India Ltd.0.38%1.94%+1.56%
company:81170.00%1.16%+1.16%
Blue Star Ltd.1.06%0.00%-1.06%
Lupin Ltd.0.76%0.00%-0.76%
Delhivery Ltd.0.69%0.00%-0.69%
Sun Pharmaceutical Industries Ltd.0.67%0.00%-0.67%
HDFC Bank Ltd.3.32%2.72%-0.60%
Eternal Ltd.1.65%2.23%+0.58%
The Federal Bank Ltd.2.36%1.79%-0.57%
Axis Bank Ltd.1.51%2.06%+0.55%
Jindal Steel Ltd.1.44%1.95%+0.51%
company:207950.00%0.49%+0.49%
company:15110.00%0.46%+0.46%
BSE Ltd.0.79%0.36%-0.43%
One97 Communications Ltd.1.83%2.26%+0.43%
Maruti Suzuki India Ltd.1.93%1.51%-0.42%
Cholamandalam Investment and Finance Company Ltd.1.47%1.06%-0.41%
company:15360.00%0.38%+0.38%
Tata Consumer Products Ltd.1.30%1.00%-0.30%
Acutaas Chemicals Ltd.1.02%0.73%-0.29%
Bharti Airtel Ltd.2.57%2.28%-0.29%
State Bank of India1.80%1.52%-0.28%
UNO Minda Ltd.1.63%1.86%+0.23%
Apar Industries Ltd.1.05%1.26%+0.21%
APL Apollo Tubes Ltd.1.12%1.32%+0.20%
JSW Energy Ltd.1.83%1.65%-0.18%
Others-0.59%-0.41%+0.18%
Divi's Laboratories Ltd.1.35%1.53%+0.18%
Cipla Ltd.0.51%0.36%-0.15%
INDO-MIM Ltd.1.63%1.77%+0.14%
Coforge Ltd.1.26%1.40%+0.14%
Fortis Healthcare Ltd.1.90%1.76%-0.14%
Navin Fluorine International Ltd.1.32%1.46%+0.14%
Ujjivan Small Finance Bank Ltd.1.80%1.67%-0.13%
LG Electronics India Ltd.1.30%1.43%+0.13%
Marico Ltd.1.44%1.31%-0.13%
Cummins India Ltd.1.12%1.00%-0.12%
ICICI Bank Ltd.5.19%5.07%-0.12%
Aditya Birla Capital Ltd.1.07%1.19%+0.12%
Kei Industries Ltd.1.03%1.14%+0.11%
Sai Life Sciences Ltd.1.28%1.38%+0.10%
Bajaj Finance Ltd.0.91%0.82%-0.09%
JSW Infrastructure Ltd.1.79%1.88%+0.09%
Reliance Industries Ltd.1.63%1.54%-0.09%
Solar Industries India Ltd.1.97%1.89%-0.08%
Bharat Heavy Electricals Ltd.1.47%1.54%+0.07%
Torrent Pharmaceuticals Ltd.1.45%1.38%-0.07%
Grindwell Norton Ltd.0.87%0.80%-0.07%
Aether Industries Ltd.1.05%1.11%+0.06%
JK Cement Ltd.0.52%0.47%-0.05%
The Phoenix Mills Ltd.1.68%1.63%-0.05%
CG Power and Industrial Solutions Ltd.1.85%1.90%+0.05%
Shriram Finance Ltd2.10%2.15%+0.05%
Gabriel India Ltd.1.11%1.07%-0.04%
ICICI Prudential Asset Management Company Ltd.0.77%0.73%-0.04%
Schaeffler India Ltd.0.73%0.69%-0.04%
Max Financial Services Ltd.2.13%2.16%+0.03%
Aarti Industries Ltd.0.95%0.98%+0.03%
Aegis Vopak Terminals Ltd.0.27%0.24%-0.03%
Nippon Life India Asset Management Ltd.1.24%1.21%-0.03%
Sona BLW Precision Forgings Ltd.1.33%1.36%+0.03%
ABB India Ltd.1.32%1.34%+0.02%
Dixon Technologies (India) Ltd.1.00%1.02%+0.02%
FSN E-Commerce Ventures Ltd.1.41%1.43%+0.02%
Interglobe Aviation Ltd.1.18%1.16%-0.02%
Persistent Systems Ltd.0.65%0.63%-0.02%
Prestige Estates Projects Ltd.0.66%0.64%-0.02%
Tata Motors Ltd.0.51%0.53%+0.02%
Bharat Electronics Ltd.0.55%0.57%+0.02%
Infosys Ltd.0.58%0.56%-0.02%
Varun Beverages Ltd.0.81%0.83%+0.02%
Amber Enterprises India Ltd.0.99%0.98%-0.01%
GE Vernova T&D India Ltd0.97%0.96%-0.01%
Larsen & Toubro Ltd.1.44%1.43%-0.01%
TVS Motor Company Ltd.0.44%0.43%-0.01%
ZF Commercial Vehicle Control Systems India Ltd.1.21%1.22%+0.01%
AIA Engineering Ltd.0.94%0.94%0.00%
Ajanta Pharma Ltd.1.71%1.71%0.00%
LTM Limited0.71%0.71%0.00%
Mphasis Ltd.1.54%1.54%0.00%
Reserve Bank of India0.03%0.03%0.00%
TVS Motor Company Ltd - Pref. Shares0.02%0.02%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹18,618 Cr2.10%8.1%10.6%16.1%
ICICI Prudential Large & Mid Cap Fund₹33,592 Cr2.04%-1.6%6.3%13.0%
Bandhan Large & Mid Cap Fund₹21,020 Cr2.30%2.4%8.1%15.2%
Motilal Oswal Large and Midcap Fund₹20,159 Cr1.81%16.0%14.1%19.5%
Invesco India Large & Mid Cap Fund₹12,387 Cr1.87%12.9%13.8%18.1%
HSBC Large and Mid Cap Fund₹5,931 Cr2.47%10.7%10.7%14.9%

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies.

Fund managers

  • Pratik DharmshiMr. Dharmshi has done B. Com & CAPrior 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.
  • Vinod MalviyaMr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared)Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months14.05% absolute₹60,000₹68,43014.05%
1 year5.87% annualised₹1,20,000₹1,23,8853.24%
3 years11.65% annualised₹3,60,000₹4,32,62620.17%
5 years9.96% annualised₹6,00,000₹7,79,97330.00%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of Union Large & Midcap Fund?
The NAV of Union Large & Midcap Fund is ₹26.86 as on 25 Sep 2026.
What is the expense ratio of Union Large & Midcap Fund?
The expense ratio of Union Large & Midcap Fund is 2.55% per year.
What is the minimum SIP amount for Union Large & Midcap Fund?
You can start a SIP in Union Large & Midcap Fund with ₹3,000 a month.
What returns has Union Large & Midcap Fund given?
Union Large & Midcap Fund has returned 7.6% over 1 year, 7.3% over 3 years and 11.1% over 5 years (annualised).
Is there a lock-in or exit load on Union Large & Midcap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 15 days..
How risky is Union Large & Midcap Fund?
Union Large & Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Large & MidCap category.
Which fund house manages Union Large & Midcap Fund?
Union Large & Midcap Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,513 Cr under management.