Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
Equity
Direct
Mid-Cap
NAV: ₹ 35.2 as on 21-09-2023
Fund Performance
About the Fund
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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
- Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has ₹816 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.8.
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal Overview
 | 0.75% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹816 Cr |
 | 30 March, 2020 |
 | ₹1000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 39.64% |
Fund Distribution as on (31-Aug-23)
Size breakup
Mid cap
66.9%
Small cap
19.6%
Large cap
9.4%
Sector Allocation
Financial Services
21.1%
Consumer Cyclical
19.8%
Industrial
19.2%
Basic Materials
12.7%
Tech
11.1%
Health
10.1%
Real Estate
2.9%
Communication
1.6%
Utilities
1.4%
Top Holdings of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal as on (31-Aug-23)
Equity Holdings48
Debt Holdings1
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 4.08% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.84% as on Aug'23
- This fund outperformed Nifty Midcap 150 by 0.24% in Aug'23
AUM Change
- AUM of the fund stands at 816.5 Cr as of Aug'23
- AUM increased by 45.2 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Escorts Kubota Ltd | 23.2% |
 Dixon Technologies (India) Ltd | 21% |
 Polycab India Ltd | 10.6% |
Peer Analysis
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal Fund Manager
Sanjay Bembalkar
Fund Manager of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal, since 25 January 2023
Top funds managed
Hardick Bora
Fund Manager of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal, since 30 March 2020
Top funds managed
Fund 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 42.4% since inception which is more than its category average return of 17.34%
Fund Allocations
This fund has an allocation of 95.84% in Equity, 0% in Debt and 4.16% in Cash related instruments
AUM size ₹816 Cr
This fund has AUM of ₹816 Cr which is less than its category average of ₹ 5918 Cr
Expense Ratio 0.75%
This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.43%
Frequently Asked Questions
The current NAV of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is ₹35.23 as on 21-Sep-2023.
Existing (Absolute + CAGR) as on 21-Sep-2023.
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 4.41% | 4.41% |
6 Month Returns | 30.11% | 30.11% |
1 Year Returns | 16.83% | 16.83% |
3 Years Returns | 119.15% | 29.89% |
5 Years Returns | 0% | 0% |
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0.75% as on August 2023
₹816 Cr as on August 2023
Polycab India Ltd(3.51%), Escorts Kubota Ltd(3.27%), Max Healthcare Institute Ltd Ordinary Shares(3.11%), Phoenix Mills Ltd(2.85%), Syngene International Ltd(2.78%) as on August 2023
Financial Services(20.21%), Consumer Cyclical(18.98%), Industrial(18.39%) as on August 2023
The alpha ratio for the Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal | -1.65 | 4.8 | - |
As on August 2023
The alpha for Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal | 0.82 | 0.87 | - |
As on August 2023
The Beta for Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal | 0.98 | 1.62 | - |
As on August 2023
The sharpe ratio for Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal | 11.85 | 15.38 | - |
As on August 2023
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 3.66 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.33 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Sanjay Bembalkar, Hardick Bora are the fund managers of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
The Exit load of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is 1%