Union Large & Midcap Fund
- 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
Union Large & Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.9% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.6% | +4.2 pts | 3.4% | -1.1% |
| 2Y | 6.4% | +2.8 pts | 3.6% | 0.9% |
| 3Y | 7.3% | −5.6 pts | 12.9% | 4.2% |
| 5Y | 11.1% | −0.2 pts | 11.3% | 10.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | +1.1 pts | -3.9% | -3.9% |
| 3M | 2.0% | +2.0 pts | 0.0% | -0.5% |
| 6M | 14.1% | +2.6 pts | 11.4% | 9.8% |
| 1Y | 5.9% | +2.5 pts | 3.4% | -0.3% |
| 2Y | 0.3% | +1.6 pts | -1.2% | -2.7% |
| 3Y | 11.7% | −1.3 pts | 12.9% | 11.1% |
| 5Y | 10.0% | −1.3 pts | 11.3% | 10.3% |
Since launch (15 Nov 2019): 15.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.2% | −3.2 pts | 5.4% |
| 2024 | 20.4% | −4.6 pts | 25.0% |
| 2023 | 26.6% | −4.8 pts | 31.4% |
| 2022 | -3.2% | −6.2 pts | 3.0% |
| 2021 | 38.7% | −0.4 pts | 39.1% |
| 2020 | 24.1% | +6.5 pts | 17.5% |
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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.74 | 7.31 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.05 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.52 | 0.80 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.57 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.21 | 17.61 | How 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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.07% | ₹51.62 Cr | +3.06% | +3.57% | +3.69% |
| HDFC Bank Ltd. | Financial | 2.72% | ₹27.69 Cr | +3.15% | +3.75% | +5.28% |
| Bharti Airtel Ltd. | Communication | 2.28% | ₹23.21 Cr | +2.51% | +2.05% | +2.55% |
| One97 Communications Ltd. | Services | 2.26% | ₹23.02 Cr | +1.53% | +1.36% | +1.07% |
| Eternal Ltd. | Services | 2.23% | ₹22.69 Cr | +1.24% | +1.02% | +1.48% |
| Max Financial Services Ltd. | Financial | 2.16% | ₹21.96 Cr | +2.51% | +2.45% | +2.52% |
| Shriram Finance Ltd | Financial | 2.15% | ₹21.87 Cr | +2.58% | +2.94% | +1.04% |
| Axis Bank Ltd. | Financial | 2.06% | ₹20.93 Cr | +1.53% | +1.13% | +0.90% |
| Jindal Steel Ltd. | Metals & Mining | 1.95% | ₹19.83 Cr | +1.67% | +1.71% | +1.37% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.94% | ₹19.72 Cr | +0.92% | +0.42% | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.90% | ₹19.30 Cr | +2.07% | +1.39% | +2.17% |
| Solar Industries India Ltd. | Chemicals | 1.89% | ₹19.19 Cr | +2.06% | +1.52% | +0.90% |
| JSW Infrastructure Ltd. | Services | 1.88% | ₹19.10 Cr | +1.24% | — | +0.85% |
| UNO Minda Ltd. | Automobile | 1.86% | ₹18.88 Cr | +1.48% | +0.62% | +1.66% |
| The Federal Bank Ltd. | Financial | 1.79% | ₹18.26 Cr | +2.28% | +3.19% | +1.30% |
| INDO-MIM Ltd. | Capital Goods | 1.77% | ₹18.05 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.76% | ₹17.96 Cr | +1.97% | +2.00% | +1.79% |
| Ajanta Pharma Ltd. | Healthcare | 1.71% | ₹17.45 Cr | +1.52% | +1.55% | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.67% | ₹17.01 Cr | +1.44% | +1.28% | — |
| JSW Energy Ltd. | Capital Goods | 1.65% | ₹16.83 Cr | +2.06% | +1.15% | +0.88% |
| The Phoenix Mills Ltd. | Construction | 1.63% | ₹16.57 Cr | +1.66% | +1.54% | +0.89% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.54% | ₹15.67 Cr | +1.58% | — | — |
| Mphasis Ltd. | Technology | 1.54% | ₹15.71 Cr | +1.27% | +1.28% | +0.98% |
| Reliance Industries Ltd. | Energy | 1.54% | ₹15.66 Cr | +2.73% | +3.32% | +3.18% |
| Divi's Laboratories Ltd. | Healthcare | 1.53% | ₹15.62 Cr | +1.18% | +1.13% | +0.48% |
| State Bank of India | Financial | 1.52% | ₹15.43 Cr | +1.78% | +2.90% | +0.99% |
| Maruti Suzuki India Ltd. | Automobile | 1.51% | ₹15.38 Cr | +2.09% | +1.46% | +1.83% |
| Navin Fluorine International Ltd. | Chemicals | 1.46% | ₹14.84 Cr | +1.31% | +1.04% | +0.71% |
| FSN E-Commerce Ventures Ltd. | Services | 1.43% | ₹14.52 Cr | +1.25% | +1.27% | +1.25% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.43% | ₹14.60 Cr | +1.41% | +1.31% | — |
| Larsen & Toubro Ltd. | Construction | 1.43% | ₹14.55 Cr | +1.57% | +2.52% | +2.09% |
| Coforge Ltd. | Technology | 1.40% | ₹14.29 Cr | — | — | +1.46% |
| Sai Life Sciences Ltd. | Healthcare | 1.38% | ₹14.01 Cr | +1.19% | +1.03% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.38% | ₹14.06 Cr | +1.30% | +1.28% | +1.52% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.36% | ₹13.81 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 1.34% | ₹13.60 Cr | +1.15% | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.32% | ₹13.45 Cr | +1.19% | +1.24% | — |
| Marico Ltd. | Consumer Staples | 1.31% | ₹13.31 Cr | +1.43% | +1.37% | +1.08% |
| Others | Others | 1.31% | ₹13.63 Cr | -0.36% | -0.14% | +0.60% |
| Apar Industries Ltd. | Consumer Staples | 1.26% | ₹12.79 Cr | +1.02% | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.22% | ₹12.42 Cr | +1.10% | +1.14% | +1.16% |
| Nippon Life India Asset Management Ltd. | Financial | 1.21% | ₹12.31 Cr | +1.47% | +1.25% | — |
| Aditya Birla Capital Ltd. | Financial | 1.19% | ₹12.08 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.16% | ₹11.77 Cr | — | — | +0.66% |
| company:8117 | Services | 1.16% | ₹11.76 Cr | — | +1.05% | +1.47% |
| Kei Industries Ltd. | Capital Goods | 1.14% | ₹11.58 Cr | +1.14% | +1.62% | +1.24% |
| Aether Industries Ltd. | Chemicals | 1.11% | ₹11.28 Cr | +0.62% | — | — |
| Gabriel India Ltd. | Automobile | 1.07% | ₹10.87 Cr | +1.57% | +1.42% | +1.66% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.06% | ₹10.77 Cr | +0.82% | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.02% | ₹10.40 Cr | — | — | +1.75% |
| Cummins India Ltd. | Capital Goods | 1.00% | ₹10.15 Cr | +1.25% | +0.86% | +1.97% |
| Tata Consumer Products Ltd. | Consumer Staples | 1.00% | ₹10.21 Cr | +1.50% | +1.45% | — |
| Aarti Industries Ltd. | Chemicals | 0.98% | ₹10.00 Cr | +0.97% | +0.55% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.98% | ₹10.00 Cr | +0.83% | +1.09% | — |
| GE Vernova T&D India Ltd | Capital Goods | 0.96% | ₹9.76 Cr | +1.63% | +1.21% | +1.34% |
| AIA Engineering Ltd. | Metals & Mining | 0.94% | ₹9.55 Cr | +0.61% | +0.41% | — |
| Varun Beverages Ltd. | Consumer Staples | 0.83% | ₹8.42 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.82% | ₹8.30 Cr | +0.76% | +0.84% | +0.93% |
| Grindwell Norton Ltd. | Metals & Mining | 0.80% | ₹8.14 Cr | +0.38% | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 0.73% | ₹7.38 Cr | +1.63% | +1.31% | +0.87% |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 0.73% | ₹7.43 Cr | +0.92% | +1.11% | — |
| LTM Limited | Technology | 0.71% | ₹7.26 Cr | +0.50% | +0.55% | — |
| Schaeffler India Ltd. | Capital Goods | 0.69% | ₹7.03 Cr | +0.77% | +0.61% | — |
| Prestige Estates Projects Ltd. | Construction | 0.64% | ₹6.53 Cr | — | — | +0.99% |
| Persistent Systems Ltd. | Technology | 0.63% | ₹6.43 Cr | +0.64% | +0.58% | +0.69% |
| Bharat Electronics Ltd. | Capital Goods | 0.57% | ₹5.82 Cr | +1.90% | +2.05% | +1.95% |
| Infosys Ltd. | Technology | 0.56% | ₹5.69 Cr | +0.87% | +0.98% | +1.72% |
| Tata Motors Ltd. | Automobile | 0.53% | ₹5.37 Cr | +0.93% | +1.39% | — |
| company:20795 | Technology | 0.49% | ₹5.02 Cr | — | — | — |
| JK Cement Ltd. | Materials | 0.47% | ₹4.81 Cr | +1.32% | +1.02% | +1.33% |
| company:1511 | Metals & Mining | 0.46% | ₹4.73 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 0.43% | ₹4.34 Cr | +0.36% | +1.57% | +1.39% |
| company:1536 | Metals & Mining | 0.38% | ₹3.87 Cr | — | — | — |
| BSE Ltd. | Services | 0.36% | ₹3.71 Cr | +1.66% | +0.54% | — |
| Cipla Ltd. | Healthcare | 0.36% | ₹3.66 Cr | — | — | — |
| Aegis Vopak Terminals Ltd. | Energy | 0.24% | ₹2.45 Cr | +0.44% | — | — |
| Reserve Bank of India | Financial | 0.03% | ₹0.26 Cr | +0.03% | +0.03% | +0.03% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.02% | ₹0.16 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 0.38% | 1.94% | +1.56% |
| company:8117 | 0.00% | 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:20795 | 0.00% | 0.49% | +0.49% |
| company:1511 | 0.00% | 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:1536 | 0.00% | 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 India | 1.80% | 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 Ltd | 2.10% | 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 Ltd | 0.97% | 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 Limited | 0.71% | 0.71% | 0.00% |
| Mphasis Ltd. | 1.54% | 1.54% | 0.00% |
| Reserve Bank of India | 0.03% | 0.03% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹18,618 Cr | 2.10% | 8.1% | 10.6% | 16.1% |
| ₹33,592 Cr | 2.04% | -1.6% | 6.3% | 13.0% | |
| ₹21,020 Cr | 2.30% | 2.4% | 8.1% | 15.2% | |
| ₹20,159 Cr | 1.81% | 16.0% | 14.1% | 19.5% | |
| ₹12,387 Cr | 1.87% | 12.9% | 13.8% | 18.1% | |
| ₹5,931 Cr | 2.47% | 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.
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 past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months14.05% absolute | ₹60,000 | ₹68,430 | 14.05% | |
| 1 year5.87% annualised | ₹1,20,000 | ₹1,23,885 | 3.24% | |
| 3 years11.65% annualised | ₹3,60,000 | ₹4,32,626 | 20.17% | |
| 5 years9.96% annualised | ₹6,00,000 | ₹7,79,973 | 30.00% |
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.