Union Midcap Fund Direct Growth

Union Midcap Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 45.19 as on 27-05-2024

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 ₹1140 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
214 people have invested ₹ 18L in Union Midcap Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹1140 Cr
Inception Date
Inception Date
30 March, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
39.64%

Union Midcap Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 96.4%

  • Debt & Cash 3.6%

Size breakup

Mid cap
73.2%
Small cap
14.3%
Large cap
8.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23%
Consumer Cyclical
18.5%
Industrial
17.6%
Health
11.1%
Basic Materials
9.4%
Real Estate
5.6%
Tech
4.8%
Communication
4.2%
Utilities
2.5%
Energy
2.4%
Consumer Defensive
1%

Top Holdings of Union Midcap Fund Direct Growth as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings80
Debt Holdings1

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
5.88%
0.10%
1.49%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 5.88% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 1.41% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1K Cr
  • AUM of the fund stands at 1.1K Cr as of Apr'24
  • AUM increased by 74.8 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Midcap Fund Direct Growth, since 25 January 2023
Hardick Bora
Hardick Bora
Fund Manager of Union Midcap Fund Direct Growth, since 30 March 2020

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 42.33% since inception which is more than its category average return of 19.67%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.39% in Equity, 0% in Debt and 3.61% in Cash related instruments
AUM size ₹1140 Cr

AUM size ₹1140 Cr

This fund has AUM of ₹1140 Cr which is less than its category average of ₹ 7789 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Union Midcap Fund Direct Growth is ₹45.19 as on 27-May-2024.
Existing (Absolute + CAGR) as on 27-May-2024.
Union Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.36%
6.36%
6 Month Returns
22.11%
22.11%
1 Year Returns
48.28%
48.28%
3 Years Returns
102.25%
26.46%
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.
0.61% as on April 2024
₹1140 Cr as on April 2024
Shriram Finance Ltd(3.26%), Cummins India Ltd(2.64%), Voltas Ltd(2.49%), Max Financial Services Ltd(2.3%), Indian Bank(2.2%) as on April 2024
Financial Services(22.15%), Consumer Cyclical(17.82%), Industrial(16.96%) as on April 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
-1.66
0.9
-
As on April 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
0.77
0.85
-
As on April 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
3.16
1.34
-
As on April 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
10.8
14.15
-
As on April 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 2.71 as on April 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%