Union Large & Midcap Fund Direct Growth
NAV as on 24-04-2025
₹ 25.52
▲0.4%
1D
Inception Returns
19.1%
/yr
Historical NAV & Returns
Absolute
▲
▼
92 people have invested ₹ 5.9L in Union Large & Midcap Fund Direct Growth in the last three months
About Union Large & Midcap Fund Direct Growth
Union Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 13 December, 2019. The fund is managed by Pratik Dharmshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Union Large & Midcap Fund Direct Growth has ₹807 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.
Returns
Union Large & Midcap Fund Direct Growth has given a CAGR return of 19.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.84%, 15.74% and 25.18% respectively.
Holdings
Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Energy, Communication, Utilities, Real Estate, Consumer Defensive. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Larsen & Toubro Ltd
Taxation
As it is a large & mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Union Large & Midcap Fund Direct Growth
The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Large & Midcap Fund Direct Growth has no lock in period.
Union Large & Midcap Fund Direct Growth Overview
| Expense ratio | 0.95% |
Benchmark | S&P BSE 250 LargeMidcap Index TR INR |
| AUM | ₹807 Cr |
| Inception Date | 13 December, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 128.84% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for Union Large & Midcap Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Trailing Returns
as on (24-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
49.3%
Mid cap
39%
Small cap
9.9%
Sector Allocation
Financial Services
27.4%
Industrial
17.1%
Consumer Cyclical
16.8%
Basic Materials
9.9%
Health
8.4%
Tech
7.7%
Energy
3.9%
Communication
3.8%
Utilities
2.7%
Real Estate
1.2%
Consumer Defensive
1.1%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.88% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 7.25% as on Mar'25
- This fund outperformed NIFTY 500 by 0.63% in Mar'25
- AUM of the fund stands at 807.4 Cr as of Mar'25
- AUM decreased by 17K Cr between Mar'25 and Feb'25
Top Stocks bought last month
APL Apollo Tubes Ltd's allocation increased from 0.52% to 1.38%
Lupin Ltd's allocation increased from 0.51% to 1.15%
ZF Commercial Vehicle Control Systems India Ltd's allocation increased from 0.63% to 1.26%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 2.65 % to 2.6 %
Infosys Ltd's allocation decreased from 2.42 % to 1.86 %
Maruti Suzuki India Ltd's allocation decreased from 1.8 % to 1.6 %
Mid Cap allocation has gone up from 35.8% to 39%
Large Cap allocation has gone down from 51.6% to 49.3%
Small Cap allocation has gone up from 9% to 9.9%
Cash allocation has gone down from 3.7% to 1.8%
Debt allocation has gone down from 0% to 0%
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial
Mar'25
Financial Services
27%
Industrial
17%
Consumer Cyclical
17%
Feb'25
Financial Services
27%
Consumer Cyclical
17%
Industrial
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.86% | 9% | |
 ICICI Bank Ltd | 5% | 4.5% | |
 Reliance Industries Ltd | 2.6% | 0% | |
 Bharti Airtel Ltd | 2.58% | 0% | |
 Larsen & Toubro Ltd | 2.42% | 12% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Union Large & Midcap Fund Direct Growth | 8.84% | 15.74% | 25.18% | 19.1% |
 Invesco India Large&MidCap Fund Direct Plan Growth | 21.27% | 23.53% | 27.68% | 18.34% |
 Motilal Oswal Large and Midcap Fund Direct Growth | 15.72% | 26.65% | 31.62% | 24.36% |
 ICICI Prudential Large & Mid Cap Fund Direct Plan Growth | 15.1% | 22.55% | 31.65% | 17.1% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 9% |
 ICICI Bank Ltd | 4.3% |
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Pratik Dharmshi
Fund Manager of Union Large & Midcap Fund Direct Growth, since 9 December 2024
Top funds managed
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹40.98K Cr
as on 31-Mar-2025
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 95.5% drop in AUM moving from 17.81K Cr to 807.41 Cr.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 26.65% return, outperforming this fund by 10.91% per annum.
In the last 1 year, Invesco India Large&MidCap Fund Direct Plan Growth has given 21.27% return, outperforming this fund by 12.43%.
This fund expense ratio is slightly on the lower side within the category (large & mid-cap). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.22%.
In the last 5 years, ICICI Prudential Large & Mid Cap Fund Direct Plan Growth has given 31.65% return, outperforming this fund by 6.48% per annum.
Union Large & Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.1% since inception which is more than its category average return of 14.69%
Fund Allocations
This fund has an allocation of 98.16% in Equity, 0% in Debt and 1.84% in Cash related instruments
AUM size ₹807 Cr
This fund has AUM of ₹807 Cr which is less than its category average of ₹ 7538 Cr
Expense Ratio 0.95%
This fund has an expense ratio of 0.95% which is less than its category average expense ratio of 1.38%
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5Y CAGR
▲ 32.50
5Y CAGR
▲ 26.40
5Y CAGR
▲ 31.90
5Y CAGR
▲ 24.83
5Y CAGR
▲ 24.69
Frequently Asked Questions for Union Large & Midcap Fund Direct Growth
The current NAV of Union Large & Midcap Fund Direct Growth is ₹25.52 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
Union Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.06% | 3.06% |
6 Month Returns | -4.19% | -4.19% |
1 Year Returns | 8.84% | 8.84% |
3 Years Returns | 55.06% | 15.74% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.95% as on March 2025
₹807 Cr as on March 2025
HDFC Bank Ltd(6.86%), ICICI Bank Ltd(5%), Reliance Industries Ltd(2.6%), Bharti Airtel Ltd(2.58%), Larsen & Toubro Ltd(2.42%) as on March 2025
Financial Services(26.92%), Industrial(16.82%), Consumer Cyclical(16.45%) as on March 2025
The alpha ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Large & Midcap Fund Direct Growth | 1.55 | 1.84 | 2.16 |
As on March 2025
The alpha for Union Large & Midcap Fund Direct Growth is calculated against S&P BSE 250 LargeMidcap Index TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Large & Midcap Fund Direct Growth | 1.05 | 0.92 | 0.94 |
As on March 2025
The Beta for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 250 LargeMidcap Index TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Large & Midcap Fund Direct Growth | 0.11 | 0.59 | 1.26 |
As on March 2025
The sharpe ratio for Union Large & Midcap Fund Direct Growth is calculated with S&P BSE 250 LargeMidcap Index TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Union Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Large & Midcap Fund Direct Growth | 18.24 | 14.61 | 15.74 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.91 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.25 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Pratik Dharmshi is the fund manager of Union Large & Midcap Fund Direct Growth
The Exit load of Union Large & Midcap Fund Direct Growth is 1%