Union Midcap Fund Direct Growth

Equity
Direct
Mid-Cap
Union Midcap Fund Direct Growth

About the Fund

Union Midcap Fund Direct Growth is an equity fund. This fund was started on 30 March, 2020. The fund is managed by Sanjay Bembalkar, Hardick Bora. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Union Midcap Fund Direct Growth has ₹1310 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Union Midcap Fund Direct Growth has given a CAGR return of 43.17% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 46.29% and 23.71% respectively.

Holdings

Union Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Tech, Communication, Real Estate, Basic Materials, Health, Utilities, Energy, Government, Consumer Defensive. Its top holdings are Cummins India Ltd, Dixon Technologies (India) Ltd, Indus Towers Ltd Ordinary Shares, Shriram Finance Ltd, Bharti Hexacom Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Union Midcap Fund Direct Growth

The investment objective of the Scheme is to achieve long term capital appreciation and generate income by investing predominantly in equity and equity related securities of mid cap companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Midcap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
302 people have invested ₹ 30.1L in Union Midcap Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.57%
Benchmark
S&P BSE Midcap TR INR
AUM₹1310 Cr
Inception Date30 March, 2020
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
39.64%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.7%

  • Debt & Cash 3.3%

Mid cap
69.8%
Small cap
14.6%
Large cap
9.8%
Sector Allocation

Jun'24

May'24

Apr'24

Industrial
29.9%
Consumer Cyclical
20.6%
Financial Services
11.4%
Tech
8.9%
Communication
8.6%
Real Estate
6.9%
Basic Materials
6.3%
Health
3%
Utilities
1.7%
Energy
1.6%
Consumer Defensive
1%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Cummins India Ltd
Cummins India Ltd
3.48%
-9.4%
Dixon Technologies (India) Ltd
Dixon Technologies (India) Ltd
2.68%
-7.6%
Indus Towers Ltd Ordinary Shares
Indus Towers Ltd Ordinary Shares
2.56%
22.2%
Shriram Finance Ltd
Shriram Finance Ltd
2.55%
108.1%
Prestige Estates Projects Ltd
Prestige Estates Projects Ltd
2.48%
11.7%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Union Midcap Fund Direct Growth
Union Midcap Fund Direct Growth
46.3%
23.7%
-
43.2%
ITI Mid Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
71.6%
26.7%
-
28.9%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
69.9%
40.1%
35.5%
26.1%
Quant Mid Cap Fund Growth Option Direct Plan
Quant Mid Cap Fund Growth Option Direct Plan
65.9%
33.8%
39.4%
20.9%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Persistent Systems Ltd
Persistent Systems Ltd
21.2%
Samvardhana Motherson International Ltd
2.4%

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Midcap Fund Direct Growth, since 25 January 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Midcap Fund Direct Growth
23.71%
24.91%
Union Small Cap Fund Direct Growth
22.29%
25.57%
Union Balanced Advantage Fund Direct Growth
12.01%
12.79%
Hardick Bora
Hardick Bora
Fund Manager of Union Midcap Fund Direct Growth, since 30 March 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Midcap Fund Direct Growth
23.71%
24.91%
Union Small Cap Fund Direct Growth
22.29%
25.57%
Union Balanced Advantage Fund Direct Growth
12.01%
12.79%

Union Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 43.17% since inception which is more than its category average return of 20.43%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.71% in Equity, 0.04% in Debt and 3.25% in Cash related instruments
AUM size ₹1310 Cr

AUM size ₹1310 Cr

This fund has AUM of ₹1310 Cr which is less than its category average of ₹ 8824 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of Union Midcap Fund Direct Growth is ₹48.77 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Union Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.28%
1.28%
6 Month Returns
24.89%
24.89%
1 Year Returns
46.29%
46.29%
3 Years Returns
89.32%
23.71%
5 Years Returns
0%
0%
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.
0.57% as on June 2024
₹1310 Cr as on June 2024
Cummins India Ltd(3.48%), Dixon Technologies (India) Ltd(2.68%), Indus Towers Ltd Ordinary Shares(2.56%), Shriram Finance Ltd(2.55%), Bharti Hexacom Ltd(2.48%) as on June 2024
Industrial(28.94%), Consumer Cyclical(19.89%), Financial Services(11.07%) as on June 2024
The alpha ratio for the Union Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Union Midcap Fund Direct Growth
-0.59
0.13
-
As on June 2024
The alpha for Union Midcap Fund Direct Growth is calculated against S&P BSE Midcap 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Union Midcap Fund Direct Growth
0.8
0.86
-
As on June 2024
The Beta for Union Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 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 Midcap Fund Direct Growth
2.9
1.29
-
As on June 2024
The sharpe ratio for Union Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 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 Midcap Fund Direct Growth
11.62
14.06
-
As on June 2024
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 2.56 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Midcap Fund Direct Growth
The Exit load of Union Midcap Fund Direct Growth is 1%