GMP IPO Watch
Union Midcap Fund
Direct Plan · IDCW Option · Union Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
Want to invest in this fund?
Open a free demat & trading account with Zerodha to invest in direct mutual funds with zero commission.
Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.65% | +3.57% | 16 of 34 |
| 1M | +1.36% | +0.82% | 14 of 34 |
| 3M | -3.37% | -4.79% | 11 of 33 |
| 6M | +3.98% | +1.38% | 10 of 33 |
| YTD | +4.63% | +0.39% | 10 of 34 |
| 1Y | +4.34% | -0.81% | 9 of 31 |
| 2Y | +6.65% | +1.07% | 6 of 29 |
| 3Y | +16.54% | +12.83% | 10 of 29 |
| 5Y | +14.08% | +10.58% | 9 of 22 |
| INCEPTION | +28.85% | — | — |
Ranked among: Equity Scheme - Mid Cap Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +6.89% | +33.08% | -18.04% | 74% | 31% |
| 6M | +13.64% | +56.34% | -18.50% | 79% | 34% |
| 1Y | +27.04% | +107.80% | -5.58% | 96% | 44% |
| 2Y | +22.95% | +66.02% | +2.08% | 100% | 47% |
| 3Y | +23.82% | +39.73% | +14.23% | 100% | 48% |
| 5Y | +23.04% | +34.45% | +12.79% | 100% | 48% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity98.10%
- Debt0.07%
- Cash1.83%
- Other0.00%
Market Cap Split
- Large Cap15.55%
- Mid Cap67.03%
- Small Cap15.52%
- Others1.90%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 32.15 | 31.90 |
| P/B | 5.28 | 4.65 |
| Price / Sales | 3.87 | 3.54 |
| Price / Cash Flow | 27.56 | 24.30 |
| Dividend Yield (%) | 0.49 | 0.74 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| One 97 Communications | Financial Technology (Fintech) | 3.10% | +0.09% |
| Federal Bank | Banks | 3.04% | -0.29% |
| MCX | Capital Markets | 2.90% | +0.25% |
| Max Financial Services | Insurance | 2.59% | -0.23% |
| IPCA Laboratories | Pharmaceuticals & Biotechnology | 2.49% | +0.06% |
| GE Vernova T&D | Electrical Equipment | 2.38% | +0.31% |
| Nippon Life India AMC | Capital Markets | 2.19% | -0.09% |
| Fortis Healthcare | Equity | 2.18% | -0.26% |
| Bharat Heavy Electricals | Electrical Equipment | 2.12% | -0.02% |
| Ajanta Pharma | Pharmaceuticals & Biotechnology | 2.08% | +0.21% |
| Mphasis | IT - Software | 2.04% | +0.18% |
| Coforge | IT - Software | 2.01% | -0.28% |
| Phoenix Mills | Realty | 2.00% | +0.14% |
| TREPS | Reverse Repo / TREPS | 1.95% | — |
| Apar Industries | Electrical Equipment | 1.87% | -0.07% |
View all 79 holdings
| Sona BLW Precision Forgings | Auto Components | 1.80% | +0.12% |
| Prestige Estates Projects | Realty | 1.79% | -0.04% |
| Info Edge | Retailing | 1.76% | +0.26% |
| Solar Industries | Chemicals & Petrochemicals | 1.75% | +0.05% |
| JSW Energy | Power | 1.74% | +0.00% |
| UNO Minda | Auto Components | 1.72% | -0.06% |
| Bharti Hexacom | Telecom - Services | 1.71% | -0.06% |
| Marico | Agricultural Food & other Products | 1.71% | +0.02% |
| LG Electronics | Consumer Durables | 1.68% | +0.28% |
| APL Apollo Tubes | Industrial Products | 1.68% | +0.06% |
| JSW Infrastructure | Transport Infrastructure | 1.68% | +0.16% |
| Jindal Steel | Ferrous Metals | 1.65% | +0.10% |
| Ujjivan Small Finance Bank | Banks | 1.62% | +0.04% |
| Shriram Finance | Finance | 1.61% | -0.30% |
| Axis Bank | Banks | 1.53% | +0.39% |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 1.49% | +0.01% |
| SRF | Chemicals & Petrochemicals | 1.47% | +0.23% |
| L&T Finance | Finance | 1.47% | -0.37% |
| RBL Bank | Banks | 1.42% | +0.32% |
| Dixon Technologies | Consumer Durables | 1.37% | -0.27% |
| Aditya Birla Capital | Finance | 1.36% | -0.37% |
| ZF Commercial | Auto Components | 1.35% | -0.04% |
| Groww | Capital Markets | 1.23% | +0.01% |
| Tube Investment | Auto Components | 1.22% | -0.06% |
| Aether Industries | Chemicals & Petrochemicals | 1.18% | +0.07% |
| Cummins | Industrial Products | 1.08% | -0.02% |
| Aarti Industries | Chemicals & Petrochemicals | 1.05% | -0.05% |
| Endurance Technologies | Auto Components | 1.05% | -0.02% |
| BSE | Capital Markets | 1.02% | +0.32% |
| Acutaas Chemicals | Pharmaceuticals & Biotechnology | 1.00% | +0.08% |
| CG Power & Industrial Solutions | Electrical Equipment | 0.99% | +0.15% |
| Schaeffler India | Auto Components | 0.99% | +0.02% |
| Gabriel | Auto Components | 0.98% | -0.02% |
| Amber Enterprises | Consumer Durables | 0.92% | -0.19% |
| AIA Engineering | Industrial Products | 0.92% | -0.04% |
| KEI Industries | Industrial Products | 0.89% | -0.95% |
| AU Small Finance Bank | Banks | 0.87% | -0.02% |
| Delhivery | Transport Services | 0.86% | -0.05% |
| CarTrade Tech | Retailing | 0.86% | +0.02% |
| Grindwell Norton | Industrial Products | 0.80% | +0.02% |
| Berger Paints | Consumer Durables | 0.80% | -0.03% |
| Varun Beverages | Beverages | 0.76% | +0.24% |
| Persistent Systems | IT - Software | 0.76% | -0.13% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 0.76% | -0.22% |
| Zydus Life Science | Pharmaceuticals & Biotechnology | 0.75% | — |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.74% | +0.02% |
| Gokaldas Exports | Textiles & Apparels | 0.74% | +0.01% |
| Bharat Forge | Auto Components | 0.73% | -0.03% |
| Data Patterns | Aerospace & Defense | 0.64% | -0.01% |
| Lenskart Solutions | Retailing | 0.63% | — |
| Indian Bank | Banks | 0.57% | -0.27% |
| JK Cement | Cement & Cement Products | 0.54% | +0.03% |
| Manipal Health Enterprises | Equity | 0.50% | -0.01% |
| HDFC Life Insurance | Insurance | 0.48% | — |
| Nykaa | Retailing | 0.43% | -0.02% |
| Hindustan Petroleum | Petroleum Products | 0.43% | +0.00% |
| PB FinTech | Financial Technology (Fintech) | 0.41% | -0.64% |
| Vishal Mega Mart | Retailing | 0.33% | -0.01% |
| KPR Mill | Textiles & Apparels | 0.32% | +0.00% |
| Navin Fluorine International | Chemicals & Petrochemicals | 0.29% | -0.17% |
| Swiggy | Retailing | 0.23% | -0.26% |
| 91 Day Treasury Bills | Money Market | 0.04% | +0.00% |
| 91TB241226 | Money Market | 0.03% | — |
| Net Receivable / Payable | Net Current Assets | -0.12% | — |
Sector Allocation · Sep 2026
View all 27 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.78 | 16.84 | Low Volatility |
| 3Y | 17.01 | 16.93 | High Volatility |
| 5Y | 16.03 | 16.39 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.14 | -0.41 | Above Average |
| 3Y | 0.60 | -13.20 | Above Average |
| 5Y | 0.53 | 0.33 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.47 | 0.06 | Above Average |
| 3Y | 1.37 | 1.11 | Above Average |
| 5Y | 1.25 | 0.96 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.91 | 0.96 | Good Risk Adjusted Returns |
| 3Y | 0.92 | 0.96 | Good Risk Adjusted Returns |
| 5Y | 0.91 | 0.93 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
WhiteOak Capital Mid Cap Fund
Direct Plan · IDCW Option
|
+6.44% | +20.80% | — | +21.53% |
|
BANDHAN MID CAP FUND
Direct Plan · IDCW
|
+6.34% | +18.03% | — | +17.79% |
|
Helios Mid Cap Fund
Direct Plan · IDCW
|
+5.44% | — | — | +21.17% |
|
ICICI Prudential Mid Cap Fund
Regular Plan · Growth
|
+5.23% | +19.51% | +14.44% | +13.20% |
|
Axis Midcap Fund
Regular Plan · Growth Option
|
+3.95% | +15.81% | +11.07% | +17.16% |
|
JM Mid Cap Fund
Regular Plan · Growth Option
|
+3.90% | +16.24% | — | +19.49% |
|
HSBC Midcap Fund
Regular Plan · IDCW
|
+3.57% | +10.65% | — | +11.16% |
|
Invesco India Mid Cap Fund
Regular Plan · Growth
|
+3.51% | +21.43% | +16.53% | +16.27% |
|
Taurus Mid Cap Fund
Regular Plan · Growth
|
+2.01% | +9.90% | +10.75% | +10.62% |
|
Baroda BNP Paribas Mid Cap Fund
Regular Plan · Growth Option
|
+1.58% | +14.20% | — | +14.89% |
More From Union Asset Management Company Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Union Gold ETF Fund of Fund
Direct Plan · Growth Option
|
+17.00% | — | — | +31.55% |
|
Union Gold ETF
Direct Plan · Growth Option
|
+16.73% | — | — | +31.97% |
|
Union Active Momentum Fund
Direct Plan · IDCW Option
|
+15.74% | — | — | +0.32% |
|
Union Small Cap Fund
Direct Plan · Growth Option
|
+14.82% | +15.43% | +16.22% | +16.18% |
|
Union Innovation & Opportunities Fund
Direct Plan · Growth Option
|
+8.71% | +19.25% | — | +17.75% |
|
Union Arbitrage Fund
Direct Plan · IDCW Option
|
+6.65% | +7.17% | +6.60% | +5.78% |
|
Union Money Market Fund
Direct Plan · Growth Option
|
+6.62% | +7.14% | +6.53% | +6.40% |
|
Union Liquid Fund
Direct Plan · Growth Option
|
+6.49% | +6.92% | +6.45% | +6.53% |
|
Union Diversified Equity All Cap Active FOF
Direct Plan · IDCW Option
|
+5.99% | — | — | +7.33% |
|
Union Multicap Fund
Direct Plan · Growth Option
|
+5.87% | +15.07% | — | +17.37% |
About This Scheme
Investment Objective
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. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Stated Asset Allocation
Equity & Equity related instruments of mid cap companies# - 65% - 100% of net assets, Equity and Equity related instruments of companies other than Mid Cap companies# - 0% - 35% of net assets, Debt and Money Market instruments - 0%-35% of net assets, Units issued by InvITs - 0% - 10% of net assets. (# In accordance with Clause 3.9 of SEBI Master Circular for Mutual Funds dated March 20, 2026, Large Cap, Mid Cap and Small Cap are defined as follows: • Large Cap: 1st - 100th company in terms of full market capitalization • Mid Cap: 101st - 250th company in terms of full market capitalization • Small Cap: 251st company onwards in terms of full market capitalization.) Please refer the Scheme Information Document for more details.
Exit Load
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.
Fund Managers
FM 1 - Mr. Gaurav Chopra, FM 2 - Mr. Pratik Dharmshi
FM 1 - Co-manage, FM 2 - Co-manage
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.