Union Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹51.460.00%1 day
- Return since launch
- 28.4%
- 52-week range
- ₹43.42 — ₹53.89
- AUM
- ₹2,005 Cr
Union Midcap Fund is a Mid Cap equity fund from Union Mutual Fund with ₹2,005 Cr under management, launched in 2020. Over three years it has returned 10.5% a year, against 15.6% for its category. The expense ratio is 2.40% and the SEBI riskometer reading is Very High.
Performance
Union Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +9.6% against +7.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 9.7% | +1.5 pts | 8.1% | 5.9% |
| 2Y | 9.2% | +2.1 pts | 7.1% | 6.2% |
| 3Y | 10.5% | −5.1 pts | 15.6% | 8.4% |
| 5Y | 14.8% | +0.7 pts | 14.1% | 14.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | −0.2 pts | -4.0% | -4.3% |
| 3M | 0.9% | +0.3 pts | 0.6% | 0.1% |
| 6M | 15.5% | +0.2 pts | 15.3% | 13.8% |
| 1Y | 9.6% | +1.5 pts | 8.1% | 7.0% |
| 2Y | 2.3% | +1.5 pts | 0.8% | 0.3% |
| 3Y | 15.1% | −0.5 pts | 15.6% | 14.4% |
| 5Y | 13.4% | −0.7 pts | 14.1% | 13.3% |
Since launch (2 Mar 2020): 28.4%
Calendar-year returns
Category average52.0%
-2.3%
32.2%
28.3%
2.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.3% | −0.8 pts | 3.1% |
| 2024 | 28.3% | −2.0 pts | 30.3% |
| 2023 | 32.2% | −6.5 pts | 38.7% |
| 2022 | -2.3% | −6.0 pts | 3.8% |
| 2021 | 52.0% | +6.1 pts | 45.8% |
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
2.40%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.76%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.54%
- 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
- BSE 150 MidCap 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.68 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.92 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.68 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.81 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.11 | 18.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Union Midcap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.2%
- Debt0.0%
- Other1.8%
Market cap split
- Large15.1%
- Mid69.1%
- Small15.8%
- P/E
- 43.80
- P/B
- 4.96
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| The Federal Bank Ltd. | Financial | 3.33% | ₹66.69 Cr | +3.85% | +4.77% | +3.09% |
| One97 Communications Ltd. | Services | 3.01% | ₹60.36 Cr | +1.94% | +1.70% | +1.38% |
| Max Financial Services Ltd. | Financial | 2.82% | ₹56.58 Cr | +3.29% | +3.26% | +3.39% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.65% | ₹53.07 Cr | +1.40% | +1.84% | — |
| Fortis Healthcare Ltd. | Healthcare | 2.44% | ₹49.03 Cr | +2.66% | +2.57% | +2.62% |
| Ipca Laboratories Ltd. | Healthcare | 2.43% | ₹48.65 Cr | +1.94% | +1.98% | +1.46% |
| Coforge Ltd. | Technology | 2.29% | ₹45.87 Cr | +0.99% | +0.61% | +1.75% |
| Nippon Life India Asset Management Ltd. | Financial | 2.28% | ₹45.67 Cr | +2.65% | +2.58% | +2.23% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.14% | ₹43.00 Cr | +2.31% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 2.07% | ₹41.48 Cr | +2.36% | +1.89% | +2.07% |
| Apar Industries Ltd. | Consumer Staples | 1.94% | ₹38.91 Cr | +0.85% | — | — |
| Shriram Finance Ltd | Financial | 1.91% | ₹38.37 Cr | +1.90% | +2.88% | +0.95% |
| Ajanta Pharma Ltd. | Healthcare | 1.87% | ₹37.48 Cr | +1.42% | +1.67% | — |
| Mphasis Ltd. | Technology | 1.86% | ₹37.30 Cr | +1.74% | +1.68% | +1.51% |
| The Phoenix Mills Ltd. | Construction | 1.86% | ₹37.36 Cr | +2.10% | +1.97% | +1.73% |
| Kei Industries Ltd. | Capital Goods | 1.84% | ₹36.90 Cr | +2.05% | +2.59% | +2.37% |
| L&T Finance Ltd. | Financial | 1.84% | ₹36.93 Cr | +2.27% | +2.93% | +1.49% |
| Prestige Estates Projects Ltd. | Construction | 1.83% | ₹36.63 Cr | — | +0.44% | +1.08% |
| Others | Others | 1.80% | ₹36.25 Cr | +0.04% | +0.26% | -0.24% |
| UNO Minda Ltd. | Automobile | 1.78% | ₹35.76 Cr | +1.26% | +0.99% | +2.24% |
| Bharti Hexacom Ltd. | Communication | 1.77% | ₹35.41 Cr | +1.76% | +1.94% | +1.54% |
| JSW Energy Ltd. | Capital Goods | 1.74% | ₹34.98 Cr | +2.26% | +1.49% | +1.42% |
| Aditya Birla Capital Ltd. | Financial | 1.73% | ₹34.63 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 1.70% | ₹34.04 Cr | +1.91% | +1.53% | +1.23% |
| Marico Ltd. | Consumer Staples | 1.69% | ₹33.91 Cr | +1.68% | +1.46% | +1.75% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.68% | ₹33.65 Cr | +1.16% | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.64% | ₹32.95 Cr | +0.46% | +0.36% | +2.44% |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.62% | ₹32.51 Cr | +1.40% | +1.66% | +0.50% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.58% | ₹31.63 Cr | +1.41% | +1.39% | — |
| Jindal Steel Ltd. | Metals & Mining | 1.55% | ₹30.98 Cr | +2.21% | +2.44% | +1.55% |
| JSW Infrastructure Ltd. | Services | 1.52% | ₹30.52 Cr | +1.22% | +0.66% | +0.77% |
| Info Edge (India) Ltd. | Services | 1.50% | ₹30.12 Cr | — | +1.07% | +1.73% |
| Sai Life Sciences Ltd. | Healthcare | 1.48% | ₹29.62 Cr | +1.65% | +1.44% | — |
| LG Electronics India Ltd. | Consumer Discretionary | 1.40% | ₹28.10 Cr | +1.23% | +1.13% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.39% | ₹27.79 Cr | +1.41% | +1.56% | +1.59% |
| Tube Investments Of India Ltd. | Automobile | 1.28% | ₹25.69 Cr | — | — | — |
| SRF Ltd. | Chemicals | 1.24% | ₹24.82 Cr | +1.82% | +1.73% | +1.58% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.22% | ₹24.49 Cr | +1.30% | — | — |
| Axis Bank Ltd. | Financial | 1.14% | ₹22.82 Cr | +1.13% | — | — |
| Aether Industries Ltd. | Chemicals | 1.11% | ₹22.35 Cr | +0.58% | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.11% | ₹22.33 Cr | +1.21% | +1.14% | — |
| Aarti Industries Ltd. | Chemicals | 1.10% | ₹22.03 Cr | +1.13% | +1.00% | — |
| Cummins India Ltd. | Capital Goods | 1.10% | ₹22.16 Cr | +2.20% | +1.86% | +2.38% |
| RBL Bank Ltd. | Financial | 1.10% | ₹22.10 Cr | — | — | — |
| Endurance Technologies Ltd. | Automobile | 1.07% | ₹21.55 Cr | +1.70% | +1.78% | +1.75% |
| PB Fintech Ltd. | Services | 1.05% | ₹21.15 Cr | +0.88% | +0.59% | +1.79% |
| Gabriel India Ltd. | Automobile | 1.00% | ₹19.99 Cr | +1.26% | +1.34% | +1.62% |
| Tata Motors Ltd. | Automobile | 0.98% | ₹19.57 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 0.97% | ₹19.42 Cr | +1.13% | +0.96% | +0.69% |
| AIA Engineering Ltd. | Metals & Mining | 0.96% | ₹19.19 Cr | +0.60% | +0.50% | — |
| Acutaas Chemicals Ltd. | Healthcare | 0.92% | ₹18.37 Cr | +1.46% | +1.54% | +0.86% |
| Delhivery Ltd. | Services | 0.91% | ₹18.29 Cr | — | +0.47% | — |
| AU Small Finance Bank Ltd. | Financial | 0.89% | ₹17.77 Cr | +0.99% | +0.92% | +0.59% |
| Persistent Systems Ltd. | Technology | 0.89% | ₹17.77 Cr | +0.80% | +1.03% | +1.68% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.84% | ₹16.92 Cr | +1.90% | +1.52% | +1.98% |
| CarTrade Tech Ltd. | Services | 0.84% | ₹16.93 Cr | — | — | — |
| Indian Bank | Financial | 0.84% | ₹16.80 Cr | +2.40% | +3.14% | +1.80% |
| Berger Paints India Ltd. | Materials | 0.83% | ₹16.61 Cr | +0.35% | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.78% | ₹15.55 Cr | +0.53% | — | — |
| Bharat Forge Ltd. | Automobile | 0.76% | ₹15.25 Cr | +1.33% | — | — |
| Gokaldas Exports Ltd. | Textiles | 0.73% | ₹14.59 Cr | +0.51% | +0.45% | +0.87% |
| Aurobindo Pharma Ltd. | Healthcare | 0.72% | ₹14.53 Cr | +0.68% | +1.10% | +0.84% |
| BSE Ltd. | Services | 0.70% | ₹14.07 Cr | +2.09% | +0.88% | — |
| Data Patterns (India) Ltd. | Capital Goods | 0.65% | ₹12.96 Cr | +0.65% | +0.89% | — |
| company:14484 | Consumer Staples | 0.52% | ₹10.45 Cr | — | — | — |
| JK Cement Ltd. | Materials | 0.51% | ₹10.32 Cr | +1.16% | +0.95% | +2.15% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.51% | ₹10.21 Cr | — | — | — |
| Swiggy Ltd. | Services | 0.49% | ₹9.83 Cr | — | +1.18% | +1.58% |
| Navin Fluorine International Ltd. | Chemicals | 0.46% | ₹9.31 Cr | — | — | +0.80% |
| FSN E-Commerce Ventures Ltd. | Services | 0.45% | ₹8.99 Cr | +0.38% | +0.41% | +0.94% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.43% | ₹8.53 Cr | +0.99% | — | +0.71% |
| Vishal Mega Mart Ltd. | Services | 0.34% | ₹6.85 Cr | +1.71% | +1.39% | +0.74% |
| company:8704 | Textiles | 0.32% | ₹6.48 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.20% | ₹4.07 Cr | +1.35% | +1.56% | +0.96% |
| Reserve Bank of India | Financial | 0.04% | ₹0.76 Cr | +0.04% | +0.05% | +0.05% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.02% | ₹0.32 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 0.99% | 2.65% | +1.66% |
| Blue Star Ltd. | 1.12% | 0.00% | -1.12% |
| Bharat Forge Ltd. | 1.62% | 0.76% | -0.86% |
| company:14484 | 0.00% | 0.52% | +0.52% |
| One97 Communications Ltd. | 2.49% | 3.01% | +0.52% |
| Lupin Ltd. | 0.43% | 0.00% | -0.43% |
| Swiggy Ltd. | 0.89% | 0.49% | -0.40% |
| The Federal Bank Ltd. | 3.73% | 3.33% | -0.40% |
| LG Electronics India Ltd. | 1.02% | 1.40% | +0.38% |
| Billionbrains Garage Ventures Ltd. | 1.56% | 1.22% | -0.34% |
| Coforge Ltd. | 1.96% | 2.29% | +0.33% |
| company:8704 | 0.00% | 0.32% | +0.32% |
| Indian Bank | 1.16% | 0.84% | -0.32% |
| SRF Ltd. | 1.53% | 1.24% | -0.29% |
| GE Vernova T&D India Ltd | 1.79% | 2.07% | +0.28% |
| BSE Ltd. | 0.97% | 0.70% | -0.27% |
| Info Edge (India) Ltd. | 1.23% | 1.50% | +0.27% |
| Jindal Steel Ltd. | 1.28% | 1.55% | +0.27% |
| Others | 0.23% | -0.04% | -0.27% |
| Fortis Healthcare Ltd. | 2.70% | 2.44% | -0.26% |
| Aditya Birla Capital Ltd. | 1.47% | 1.73% | +0.26% |
| Persistent Systems Ltd. | 1.15% | 0.89% | -0.26% |
| Ipca Laboratories Ltd. | 2.18% | 2.43% | +0.25% |
| Manipal Health Enterprises Ltd. | 0.26% | 0.51% | +0.25% |
| Data Patterns (India) Ltd. | 0.42% | 0.65% | +0.23% |
| Aurobindo Pharma Ltd. | 0.50% | 0.72% | +0.22% |
| APL Apollo Tubes Ltd. | 1.41% | 1.62% | +0.21% |
| Gabriel India Ltd. | 1.21% | 1.00% | -0.21% |
| Marico Ltd. | 1.90% | 1.69% | -0.21% |
| Nippon Life India Asset Management Ltd. | 2.47% | 2.28% | -0.19% |
| Vishal Mega Mart Ltd. | 0.52% | 0.34% | -0.18% |
| Cummins India Ltd. | 1.27% | 1.10% | -0.17% |
| Axis Bank Ltd. | 0.98% | 1.14% | +0.16% |
| CarTrade Tech Ltd. | 0.69% | 0.84% | +0.15% |
| Ujjivan Small Finance Bank Ltd. | 1.73% | 1.58% | -0.15% |
| Berger Paints India Ltd. | 0.97% | 0.83% | -0.14% |
| JSW Energy Ltd. | 1.88% | 1.74% | -0.14% |
| Bharat Electronics Ltd. | 0.33% | 0.20% | -0.13% |
| Endurance Technologies Ltd. | 1.20% | 1.07% | -0.13% |
| Delhivery Ltd. | 1.02% | 0.91% | -0.11% |
| The Phoenix Mills Ltd. | 1.97% | 1.86% | -0.11% |
| PB Fintech Ltd. | 0.95% | 1.05% | +0.10% |
| Prestige Estates Projects Ltd. | 1.74% | 1.83% | +0.09% |
| AU Small Finance Bank Ltd. | 0.98% | 0.89% | -0.09% |
| Kei Industries Ltd. | 1.76% | 1.84% | +0.08% |
| Grindwell Norton Ltd. | 0.86% | 0.78% | -0.08% |
| Apar Industries Ltd. | 1.86% | 1.94% | +0.08% |
| Mphasis Ltd. | 1.79% | 1.86% | +0.07% |
| Sai Life Sciences Ltd. | 1.41% | 1.48% | +0.07% |
| Schaeffler India Ltd. | 1.04% | 0.97% | -0.07% |
| JK Cement Ltd. | 0.58% | 0.51% | -0.07% |
| L&T Finance Ltd. | 1.78% | 1.84% | +0.06% |
| RBL Bank Ltd. | 1.04% | 1.10% | +0.06% |
| Bharat Heavy Electricals Ltd. | 2.09% | 2.14% | +0.05% |
| Solar Industries India Ltd. | 1.65% | 1.70% | +0.05% |
| Hindustan Petroleum Corporation Ltd. | 0.48% | 0.43% | -0.05% |
| JSW Infrastructure Ltd. | 1.48% | 1.52% | +0.04% |
| Ajanta Pharma Ltd. | 1.91% | 1.87% | -0.04% |
| Amber Enterprises India Ltd. | 1.15% | 1.11% | -0.04% |
| Max Financial Services Ltd. | 2.85% | 2.82% | -0.03% |
| Aether Industries Ltd. | 1.08% | 1.11% | +0.03% |
| Tube Investments Of India Ltd. | 1.31% | 1.28% | -0.03% |
| UNO Minda Ltd. | 1.75% | 1.78% | +0.03% |
| Navin Fluorine International Ltd. | 0.49% | 0.46% | -0.03% |
| Acutaas Chemicals Ltd. | 0.95% | 0.92% | -0.03% |
| Tata Motors Ltd. | 0.96% | 0.98% | +0.02% |
| AIA Engineering Ltd. | 0.97% | 0.96% | -0.01% |
| Aarti Industries Ltd. | 1.09% | 1.10% | +0.01% |
| Dixon Technologies (India) Ltd. | 1.65% | 1.64% | -0.01% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.40% | 1.39% | -0.01% |
| Bharti Hexacom Ltd. | 1.77% | 1.77% | 0.00% |
| CG Power and Industrial Solutions Ltd. | 0.84% | 0.84% | 0.00% |
| FSN E-Commerce Ventures Ltd. | 0.45% | 0.45% | 0.00% |
| Gokaldas Exports Ltd. | 0.73% | 0.73% | 0.00% |
| Reserve Bank of India | 0.04% | 0.04% | 0.00% |
| Shriram Finance Ltd | 1.91% | 1.91% | 0.00% |
| Sona BLW Precision Forgings Ltd. | 1.68% | 1.68% | 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 | ₹13,775 Cr | 2.01% | 12.2% | 14.2% | 18.9% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.86% | 4.9% | 10.7% | 17.2% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 20.7% | 16.7% | 20.5% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 11.9% | 15.3% | 20.0% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.83% | 9.8% | 13.7% | 18.0% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.6% | 14.4% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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.
Fund managers
- Gaurav ChopraMr. 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 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.
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 months15.48% absolute | ₹60,000 | ₹69,288 | 15.48% | |
| 1 year9.63% annualised | ₹1,20,000 | ₹1,26,447 | 5.37% | |
| 3 years15.14% annualised | ₹3,60,000 | ₹4,57,840 | 27.18% | |
| 5 years13.37% annualised | ₹6,00,000 | ₹8,56,808 | 42.80% |
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 Midcap Fund?
The NAV of Union Midcap Fund is ₹51.46 as on 25 Sep 2026.
What is the expense ratio of Union Midcap Fund?
The expense ratio of Union Midcap Fund is 2.40% per year.
What is the minimum SIP amount for Union Midcap Fund?
You can start a SIP in Union Midcap Fund with ₹3,000 a month.
What returns has Union Midcap Fund given?
Union Midcap Fund has returned 9.7% over 1 year, 10.5% over 3 years and 14.8% over 5 years (annualised).
Is there a lock-in or exit load on Union Midcap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 15 days..
How risky is Union Midcap Fund?
Union Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages Union Midcap Fund?
Union Midcap Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,513 Cr under management.