Union Large & Midcap Fund Direct Growth

Union Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 13 December, 2019. The fund is managed by Pratik Dharmshi. The fund could potentially beat inflation in the long-run.

1. Union Large & Midcap Fund Direct Growth has ₹866 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.9.
   

Union Large & Midcap Fund Direct Growth has given a CAGR return of 20.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.32%, 22.28% and 24.31% respectively.

Union Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Energy, Communication, Consumer Defensive, Government, Real Estate, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bharat Electronics Ltd, Bharti Airtel Ltd

As it is a large & mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved.

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