Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal

Equity
Direct
Mid-Cap
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal

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

  1. Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has ₹1183 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 43.55% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 47.31% and 25.70% respectively.

Holdings

Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Basic Materials, Health, Communication, Tech, Real Estate, Consumer Defensive, Energy, Utilities. Its top holdings are Cummins India Ltd, Trent Ltd, Supreme Industries Ltd, Dixon Technologies (India) Ltd, Indian Bank

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 Payout of Income Distribution cum capital withdrawal

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 Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.6%
Benchmark
S&P BSE Midcap TR INR
AUM₹1183 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 (31-May-24)

  • Equity 96.6%

  • Debt & Cash 3.4%

Mid cap
68.2%

Large cap
17.5%

Small cap
11%

Sector Allocation

May'24

Apr'24

Mar'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%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Sanjay Bembalkar
Sanjay Bembalkar
Fund Manager of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal, since 25 January 2023
Hardick Bora
Hardick Bora
Fund Manager of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal, since 30 March 2020

Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 43.55% since inception which is more than its category average return of 20.33%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.63% in Equity, 0% in Debt and 3.37% in Cash related instruments
AUM size ₹1183 Cr

AUM size ₹1183 Cr

This fund has AUM of ₹1183 Cr which is less than its category average of ₹ 8078 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is ₹47.89 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
7.47%
7.47%
6 Month Returns
25.5%
25.5%
1 Year Returns
47.31%
47.31%
3 Years Returns
98.63%
25.7%
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.
0.6% as on May 2024
₹1183 Cr as on May 2024
Cummins India Ltd(3.81%), Trent Ltd(2.66%), Supreme Industries Ltd(2.52%), Dixon Technologies (India) Ltd(2.52%), Indian Bank(2.51%) as on May 2024
Industrial(25.71%), Consumer Cyclical(18.57%), Financial Services(16.27%) as on May 2024
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
-0.45
1.34
-
As on May 2024
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
0.73
0.85
-
As on May 2024
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
2.94
1.29
-
As on May 2024
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
10.15
14.02
-
As on May 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 May 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 Payout of Income Distribution cum capital withdrawal
The Exit load of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is 1%