Union MidCap Fund
The Scheme seeks to achieve long term capital appreciation and generate income by investing predominantly in equity and equity related securities of mid cap companies.
Growthvine rating: 2/5 — ranked #20 of 34 in category.
Fund basics
| Category | Equity: Mid Cap |
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| NAV | ₹49.91 (as of 2026-10-01) |
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| AUM | ₹1,893 Cr |
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| Expense ratio | 1.76% |
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| Riskometer | Very High |
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| Fund manager | Gaurav Chopra |
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| Exit load | 1% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 12.67% |
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| Sharpe ratio | 0.68 |
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| Standard deviation | 17.11% |
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| Max drawdown | −21.72% |
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| Alpha | -0.13 |
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| Beta | 0.92 |
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Over 5 years, captured 91.1% of NIFTY Midcap 150's upside and 93.6% of its downside.
Market cap allocation
| Large cap | 15.1% |
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| Mid cap | 68.6% |
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| Small cap | 16.3% |
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Concentration
| Top 5 holdings | 14.3% |
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| Top 10 holdings | 25.5% |
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| Total holdings | 74 |
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| Index overlap | 37.6% |
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| Active share | 62.4% |
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Top holdings
- Federal Bank Ltd. — 3.3%
- One 97 Communications Limited — 3.0%
- Max Financial Services Limited — 2.8%
- Multi Commodity Exchange of India Ltd — 2.7%
- Fortis Healthcare Ltd — 2.4%
- Ipca Laboratories Ltd. — 2.4%
- COFORGE LIMITED — 2.3%
- NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED — 2.3%
- Bharat Heavy Electricals Ltd. — 2.1%
- GE Vernova T&D India Limited — 2.1%
Top sectors
- Banking & Financial — 15.7%
- Automobile — 9.9%
- Pharma & Biotech — 7.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 2.6% | Q2 | #9 of 31 |
| 2025 | 2.3% | Q2 | #14 of 29 |
| 2024 | 28.6% | Q3 | #16 of 29 |
| 2023 | 32.2% | Q4 (Bottom) | #23 of 28 |
| 2022 | −2.3% | Q4 (Bottom) | #19 of 22 |