Union Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹51.45+0.53%1 day
- Return since launch
- 27.3%
- 52-week range
- ₹43.42 — ₹53.89
- AUM
- ₹1,906 Cr
Union Midcap Fund is a Mid Cap equity fund from Union Mutual Fund with ₹1,906 Cr under management, launched in 2020. Over three years it has returned 9.1% a year, against 14.8% for its category. The expense ratio is 2.39% 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 +5.3% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.8% | +4.3 pts | 3.6% | 3.6% |
| 2Y | 8.5% | +2.2 pts | 6.3% | 5.2% |
| 3Y | 9.1% | −5.7 pts | 14.8% | 6.6% |
| 5Y | 13.7% | +1.0 pts | 12.8% | 12.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.9% | +0.1 pts | 2.8% | 2.5% |
| 3M | -2.8% | +0.6 pts | -3.4% | -4.2% |
| 6M | 2.9% | +0.6 pts | 2.3% | 0.9% |
| 1Y | 5.4% | +1.8 pts | 3.6% | 2.1% |
| 2Y | 6.2% | +2.3 pts | 3.9% | 3.4% |
| 3Y | 14.8% | 0.0 pts | 14.8% | 13.6% |
| 5Y | 12.3% | −0.4 pts | 12.8% | 11.9% |
Since launch (2 Mar 2020): 27.3%
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
2.35%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.76%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.51%
- 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 | 1.04 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.93 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.52 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.65 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.76 | 19.25 | 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 30 Sep 2026
Asset allocation
- Equity98.1%
- Debt0.1%
- Other1.8%
Market cap split
- Large15.9%
- Mid68.3%
- Small15.8%
- P/E
- 41.50
- P/B
- 4.66
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd. | Services | 3.10% | ₹58.99 Cr | +2.03% | +1.64% | +1.64% |
| The Federal Bank Ltd. | Financial | 3.04% | ₹57.92 Cr | +4.00% | +4.75% | +2.81% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.90% | ₹55.24 Cr | +1.07% | +1.77% | — |
| Max Financial Services Ltd. | Financial | 2.59% | ₹49.40 Cr | +3.08% | +3.36% | +3.00% |
| Ipca Laboratories Ltd. | Healthcare | 2.49% | ₹47.47 Cr | +2.45% | +2.41% | +1.49% |
| GE Vernova T&D India Ltd | Capital Goods | 2.38% | ₹45.44 Cr | +2.50% | +1.98% | +2.14% |
| Nippon Life India Asset Management Ltd. | Financial | 2.19% | ₹41.68 Cr | +2.45% | +2.40% | +2.53% |
| Fortis Healthcare Ltd. | Healthcare | 2.18% | ₹41.63 Cr | +2.71% | +2.73% | +2.19% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.12% | ₹40.36 Cr | +2.40% | — | — |
| Ajanta Pharma Ltd. | Healthcare | 2.08% | ₹39.57 Cr | +1.63% | +1.60% | — |
| Mphasis Ltd. | Technology | 2.04% | ₹38.87 Cr | +1.69% | +1.88% | +1.58% |
| Coforge Ltd. | Technology | 2.01% | ₹38.27 Cr | +1.29% | +0.63% | +1.24% |
| The Phoenix Mills Ltd. | Construction | 2.00% | ₹38.05 Cr | +2.21% | +1.97% | +1.74% |
| Apar Industries Ltd. | Consumer Staples | 1.87% | ₹35.71 Cr | +1.76% | +0.76% | — |
| Others | Others | 1.83% | ₹34.78 Cr | -0.42% | -0.73% | -0.42% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.80% | ₹34.36 Cr | +1.13% | +0.84% | — |
| Prestige Estates Projects Ltd. | Construction | 1.79% | ₹34.12 Cr | +1.25% | — | +1.02% |
| Info Edge (India) Ltd. | Services | 1.76% | ₹33.63 Cr | — | +1.11% | +1.43% |
| Solar Industries India Ltd. | Chemicals | 1.75% | ₹33.35 Cr | +1.78% | +1.40% | +1.06% |
| JSW Energy Ltd. | Capital Goods | 1.74% | ₹33.25 Cr | +2.13% | +1.68% | +1.50% |
| UNO Minda Ltd. | Automobile | 1.72% | ₹32.79 Cr | +1.53% | +0.61% | +1.93% |
| Bharti Hexacom Ltd. | Communication | 1.71% | ₹32.64 Cr | +1.68% | +2.10% | +1.61% |
| Marico Ltd. | Consumer Staples | 1.71% | ₹32.51 Cr | +1.77% | +1.51% | +1.63% |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.68% | ₹32.02 Cr | +1.31% | +1.75% | +0.51% |
| JSW Infrastructure Ltd. | Services | 1.68% | ₹32.01 Cr | +1.57% | +0.88% | +0.79% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.68% | ₹32.04 Cr | +1.20% | +1.27% | — |
| Jindal Steel Ltd. | Metals & Mining | 1.65% | ₹31.42 Cr | +1.41% | +2.41% | +1.69% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.62% | ₹30.89 Cr | +1.46% | +1.48% | — |
| Shriram Finance Ltd | Financial | 1.61% | ₹30.59 Cr | +2.09% | +2.53% | +0.98% |
| Axis Bank Ltd. | Financial | 1.53% | ₹29.11 Cr | +1.39% | — | — |
| Sai Life Sciences Ltd. | Healthcare | 1.49% | ₹28.42 Cr | +1.50% | +1.63% | — |
| L&T Finance Ltd. | Financial | 1.47% | ₹27.97 Cr | +1.77% | +2.73% | +1.82% |
| SRF Ltd. | Chemicals | 1.47% | ₹28.08 Cr | +1.45% | +1.73% | +1.63% |
| RBL Bank Ltd. | Financial | 1.42% | ₹27.11 Cr | +0.64% | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.37% | ₹26.18 Cr | +0.86% | — | +2.32% |
| Aditya Birla Capital Ltd. | Financial | 1.36% | ₹26.01 Cr | +1.00% | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.35% | ₹25.67 Cr | +1.42% | +1.57% | +1.42% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.23% | ₹23.45 Cr | +1.56% | +0.62% | — |
| Tube Investments Of India Ltd. | Automobile | 1.22% | ₹23.24 Cr | +0.90% | — | — |
| Aether Industries Ltd. | Chemicals | 1.18% | ₹22.46 Cr | +0.95% | +0.58% | — |
| Cummins India Ltd. | Capital Goods | 1.08% | ₹20.66 Cr | +1.86% | +1.99% | +2.38% |
| Aarti Industries Ltd. | Chemicals | 1.05% | ₹19.98 Cr | +1.04% | +0.98% | — |
| Endurance Technologies Ltd. | Automobile | 1.05% | ₹19.94 Cr | +1.42% | +1.64% | +1.63% |
| BSE Ltd. | Services | 1.02% | ₹19.46 Cr | +1.64% | +0.60% | — |
| Acutaas Chemicals Ltd. | Healthcare | 1.00% | ₹19.06 Cr | +1.30% | +1.73% | +0.79% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.99% | ₹18.91 Cr | +1.74% | +1.51% | +2.05% |
| Schaeffler India Ltd. | Capital Goods | 0.99% | ₹18.85 Cr | +1.10% | +1.24% | +0.73% |
| Gabriel India Ltd. | Automobile | 0.98% | ₹18.65 Cr | +1.07% | +1.12% | +1.62% |
| AIA Engineering Ltd. | Metals & Mining | 0.92% | ₹17.44 Cr | +0.95% | +0.52% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.92% | ₹17.59 Cr | +1.19% | +1.26% | — |
| Kei Industries Ltd. | Capital Goods | 0.89% | ₹17.06 Cr | +1.80% | +0.26% | +2.46% |
| AU Small Finance Bank Ltd. | Financial | 0.87% | ₹16.53 Cr | +1.00% | +0.90% | +0.99% |
| CarTrade Tech Ltd. | Services | 0.86% | ₹16.41 Cr | +0.47% | — | — |
| Delhivery Ltd. | Services | 0.86% | ₹16.43 Cr | — | — | — |
| Berger Paints India Ltd. | Materials | 0.80% | ₹15.20 Cr | +0.98% | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.80% | ₹15.32 Cr | +0.73% | — | — |
| Persistent Systems Ltd. | Technology | 0.76% | ₹14.52 Cr | +0.60% | +0.92% | +1.33% |
| Tata Motors Ltd. | Automobile | 0.76% | ₹14.44 Cr | +0.95% | — | — |
| Varun Beverages Ltd. | Consumer Staples | 0.76% | ₹14.52 Cr | — | — | — |
| Zydus Lifesciences Ltd. | Healthcare | 0.75% | ₹14.26 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 0.74% | ₹14.15 Cr | +0.51% | +1.35% | +0.87% |
| Gokaldas Exports Ltd. | Textiles | 0.74% | ₹14.02 Cr | +0.75% | +0.49% | +0.51% |
| Bharat Forge Ltd. | Automobile | 0.73% | ₹13.95 Cr | +1.62% | +1.00% | — |
| Data Patterns (India) Ltd. | Capital Goods | 0.64% | ₹12.29 Cr | +0.46% | +0.73% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.63% | ₹12.02 Cr | — | — | — |
| Indian Bank | Financial | 0.57% | ₹10.93 Cr | +1.93% | +3.23% | +2.01% |
| JK Cement Ltd. | Materials | 0.54% | ₹10.21 Cr | +0.59% | +1.12% | +1.90% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.50% | ₹9.48 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.48% | ₹9.12 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 0.43% | ₹8.23 Cr | +0.43% | +0.40% | +0.93% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.43% | ₹8.17 Cr | +0.95% | — | +0.81% |
| PB Fintech Ltd. | Services | 0.41% | ₹7.81 Cr | +0.99% | +0.84% | +1.55% |
| Vishal Mega Mart Ltd. | Services | 0.33% | ₹6.25 Cr | +0.59% | +1.66% | +0.72% |
| K.P.R. Mill Ltd. | Textiles | 0.32% | ₹6.07 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.29% | ₹5.58 Cr | +0.51% | — | +0.76% |
| Swiggy Ltd. | Services | 0.23% | ₹4.31 Cr | — | +0.93% | +1.71% |
| Reserve Bank of India | Financial | 0.04% | ₹0.77 Cr | +0.04% | +0.33% | +0.05% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kei Industries Ltd. | 1.84% | 0.89% | -0.95% |
| Zydus Lifesciences Ltd. | 0.00% | 0.75% | +0.75% |
| PB Fintech Ltd. | 1.05% | 0.41% | -0.64% |
| Lenskart Solutions Ltd. | 0.00% | 0.63% | +0.63% |
| HDFC Life Insurance Co Ltd. | 0.00% | 0.48% | +0.48% |
| Axis Bank Ltd. | 1.14% | 1.53% | +0.39% |
| L&T Finance Ltd. | 1.84% | 1.47% | -0.37% |
| Aditya Birla Capital Ltd. | 1.73% | 1.36% | -0.37% |
| BSE Ltd. | 0.70% | 1.02% | +0.32% |
| RBL Bank Ltd. | 1.10% | 1.42% | +0.32% |
| GE Vernova T&D India Ltd | 2.07% | 2.38% | +0.31% |
| Shriram Finance Ltd | 1.91% | 1.61% | -0.30% |
| The Federal Bank Ltd. | 3.33% | 3.04% | -0.29% |
| Coforge Ltd. | 2.29% | 2.01% | -0.28% |
| LG Electronics India Ltd. | 1.40% | 1.68% | +0.28% |
| Indian Bank | 0.84% | 0.57% | -0.27% |
| Dixon Technologies (India) Ltd. | 1.64% | 1.37% | -0.27% |
| Info Edge (India) Ltd. | 1.50% | 1.76% | +0.26% |
| Swiggy Ltd. | 0.49% | 0.23% | -0.26% |
| Fortis Healthcare Ltd. | 2.44% | 2.18% | -0.26% |
| Multi Commodity Exchange Of India Ltd. | 2.65% | 2.90% | +0.25% |
| Varun Beverages Ltd. | 0.52% | 0.76% | +0.24% |
| Max Financial Services Ltd. | 2.82% | 2.59% | -0.23% |
| SRF Ltd. | 1.24% | 1.47% | +0.23% |
| Tata Motors Ltd. | 0.98% | 0.76% | -0.22% |
| Ajanta Pharma Ltd. | 1.87% | 2.08% | +0.21% |
| Bharat Electronics Ltd. | 0.20% | 0.00% | -0.20% |
| Amber Enterprises India Ltd. | 1.11% | 0.92% | -0.19% |
| Mphasis Ltd. | 1.86% | 2.04% | +0.18% |
| Navin Fluorine International Ltd. | 0.46% | 0.29% | -0.17% |
| JSW Infrastructure Ltd. | 1.52% | 1.68% | +0.16% |
| CG Power and Industrial Solutions Ltd. | 0.84% | 0.99% | +0.15% |
| The Phoenix Mills Ltd. | 1.86% | 2.00% | +0.14% |
| Persistent Systems Ltd. | 0.89% | 0.76% | -0.13% |
| Sona BLW Precision Forgings Ltd. | 1.68% | 1.80% | +0.12% |
| Jindal Steel Ltd. | 1.55% | 1.65% | +0.10% |
| One 97 Communications Ltd. | 3.01% | 3.10% | +0.09% |
| Nippon Life India Asset Management Ltd. | 2.28% | 2.19% | -0.09% |
| Others | -0.04% | -0.12% | -0.08% |
| Acutaas Chemicals Ltd. | 0.92% | 1.00% | +0.08% |
| Aether Industries Ltd. | 1.11% | 1.18% | +0.07% |
| Apar Industries Ltd. | 1.94% | 1.87% | -0.07% |
| Bharti Hexacom Ltd. | 1.77% | 1.71% | -0.06% |
| Ipca Laboratories Ltd. | 2.43% | 2.49% | +0.06% |
| Tube Investments Of India Ltd. | 1.28% | 1.22% | -0.06% |
| UNO Minda Ltd. | 1.78% | 1.72% | -0.06% |
| APL Apollo Tubes Ltd. | 1.62% | 1.68% | +0.06% |
| Aarti Industries Ltd. | 1.10% | 1.05% | -0.05% |
| Delhivery Ltd. | 0.91% | 0.86% | -0.05% |
| Solar Industries India Ltd. | 1.70% | 1.75% | +0.05% |
| Prestige Estates Projects Ltd. | 1.83% | 1.79% | -0.04% |
| Ujjivan Small Finance Bank Ltd. | 1.58% | 1.62% | +0.04% |
| AIA Engineering Ltd. | 0.96% | 0.92% | -0.04% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.39% | 1.35% | -0.04% |
| Bharat Forge Ltd. | 0.76% | 0.73% | -0.03% |
| JK Cement Ltd. | 0.51% | 0.54% | +0.03% |
| Berger Paints India Ltd. | 0.83% | 0.80% | -0.03% |
| AU Small Finance Bank Ltd. | 0.89% | 0.87% | -0.02% |
| Aurobindo Pharma Ltd. | 0.72% | 0.74% | +0.02% |
| Bharat Heavy Electricals Ltd. | 2.14% | 2.12% | -0.02% |
| CarTrade Tech Ltd. | 0.84% | 0.86% | +0.02% |
| Cummins India Ltd. | 1.10% | 1.08% | -0.02% |
| Endurance Technologies Ltd. | 1.07% | 1.05% | -0.02% |
| FSN E-Commerce Ventures Ltd. | 0.45% | 0.43% | -0.02% |
| Gabriel India Ltd. | 1.00% | 0.98% | -0.02% |
| Grindwell Norton Ltd. | 0.78% | 0.80% | +0.02% |
| Marico Ltd. | 1.69% | 1.71% | +0.02% |
| Schaeffler India Ltd. | 0.97% | 0.99% | +0.02% |
| company:20133 | 0.02% | 0.00% | -0.02% |
| Billionbrains Garage Ventures Ltd. | 1.22% | 1.23% | +0.01% |
| Data Patterns (India) Ltd. | 0.65% | 0.64% | -0.01% |
| Gokaldas Exports Ltd. | 0.73% | 0.74% | +0.01% |
| Manipal Health Enterprises Ltd. | 0.51% | 0.50% | -0.01% |
| Sai Life Sciences Ltd. | 1.48% | 1.49% | +0.01% |
| Vishal Mega Mart Ltd. | 0.34% | 0.33% | -0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.43% | 0.43% | 0.00% |
| JSW Energy Ltd. | 1.74% | 1.74% | 0.00% |
| K.P.R. Mill Ltd. | 0.32% | 0.32% | 0.00% |
| Reserve Bank of India | 0.04% | 0.04% | 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 | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
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 months2.94% absolute | ₹60,000 | ₹61,764 | 2.94% | |
| 1 year5.39% annualised | ₹1,20,000 | ₹1,23,562 | 2.97% | |
| 3 years14.82% annualised | ₹3,60,000 | ₹4,55,455 | 26.52% | |
| 5 years12.32% annualised | ₹6,00,000 | ₹8,32,192 | 38.70% |
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 ₹51.45 as on 9 Nov 2026.
What is the expense ratio of Union Midcap Fund?
The expense ratio of Union Midcap Fund is 2.39% 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 7.8% over 1 year, 9.1% over 3 years and 13.7% 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 ₹28,977 Cr under management.