Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
Equity
Direct
Mid-Cap
NAV: ₹ 42.27 as on 24-04-2024
Fund Performance
About the Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal
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 ₹1065 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal Overview
 | 0.67% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹1065 Cr |
 | 30 March, 2020 |
 | ₹1000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 39.64% |
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal Distribution as on (31-Mar-24)
Size breakup
Mid cap
73.2%
Small cap
10.4%
Large cap
8.4%
Sector Allocation
Financial Services
22%
Industrial
18.7%
Consumer Cyclical
15%
Health
13.4%
Basic Materials
9.8%
Tech
7.2%
Real Estate
4.5%
Energy
3.1%
Utilities
2.9%
Communication
2.2%
Consumer Defensive
1.1%
Top Holdings of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal as on (31-Mar-24)
Equity Holdings77
Debt Holdings2
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.10% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.26% in Mar'24
AUM Change
- AUM of the fund stands at 1.1K Cr as of Mar'24
- AUM increased by 16.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Thermax Ltd | 25.2% |
 Solar Industries India Ltd | 16.1% |
 CG Power & Industrial Solutions Ltd | 7.1% |
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
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal 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 41% since inception which is more than its category average return of 18.86%
Fund Allocations
This fund has an allocation of 92.01% in Equity, 1.85% in Debt and 6.14% in Cash related instruments
AUM size ₹1065 Cr
This fund has AUM of ₹1065 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal is ₹42.27 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Union Midcap Fund Direct Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 5.13% | 5.13% |
6 Month Returns | 21.95% | 21.95% |
1 Year Returns | 47.52% | 47.52% |
3 Years Returns | 98.86% | 25.75% |
5 Years Returns | 0% | 0% |
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0.67% as on March 2024
₹1065 Cr as on March 2024
Shriram Finance Ltd(3.06%), Cummins India Ltd(2.4%), Persistent Systems Ltd(2.12%), Max Healthcare Institute Ltd Ordinary Shares(2.12%), Indian Bank(2.11%) as on March 2024
Financial Services(20.23%), Industrial(17.22%), Consumer Cyclical(13.8%) as on March 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 | -1.4 | 1.05 | - |
As on March 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 | 0.77 | 0.85 | - |
As on March 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 | 3.15 | 1.25 | - |
As on March 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 | 10.64 | 13.97 | - |
As on March 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 2.49 as on March 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%