3 Year return

22.26%
NAV on Dec 20 2024 50.26
1D Returns -1.17%
Launched on March 2020 (4 years)

Investment Details

₹500

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1380.72 Cr.

Expense Ratio

0.73% (inclusive of GST)

Exit Load

1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Union Mutual Fund Managers

VP

Vinay Paharia

Fund Manager since Mar 2024

View Details

Fund House Details

Union Mutual Fund

Union Mutual Fund Asset management company

AUM ₹18,874.86 Cr.
No. of Schemes 76
Setup Date 23rd March 2011

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

Motilal Oswal Midcap Fund

38.21%

4.5

Edelweiss Mid Cap Fund

29.35%

3

Quant Mid Cap Fund

26.47%

4

Schemes by Union Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Union Midcap Fund Direct Plan-Growth

The Union Midcap Fund Direct-Growth scheme has been formulated with the aim of potentially surpassing inflation over a long-term investment horizon. It meticulously selects a combination of growth and bargain stocks to form a well-diversified portfolio, ensuring reduced risk exposure. In terms of asset allocation, the fund follows a prudent strategy of blending equity and fixed-income assets within regulatory limits. It mandates a minimum exposure of 65% to midcap stocks, striving to harness the growth potential of these smaller, fast-growing companies.

Investment Objective of This Scheme

The primary goal of this scheme is to deliver long-term capital appreciation and generate income by predominantly investing in equity and equity-related securities of mid-cap companies. Mid-cap companies often present attractive growth prospects and are potentially poised for substantial value creation over the long term, thus contributing to this fund's capital appreciation objective.

Key Features of The Fund

5-year return NA
Expense Ratio 0.73%
Fund Manager Vinay Paharia
Fund Size ₹1380.72 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Union Midcap Fund Direct Plan-Growth could be a suitable investment avenue if you have a medium to long-term investment horizon. It's an appealing choice for investors who are targeting high returns and have a higher risk tolerance. This is because investing in mid-cap companies, while potentially lucrative, carries inherent market risks, and there is the possibility of moderate losses. Investors who opt for this fund should be comfortable with these risks and be financially prepared for potential fluctuations in their investments.

AMC Contact Details

Name Union Mutual Fund
Launch Date 23rd March 2011
Addresss Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059
Contact (022) 6748 3300
Email investorcare@unionmf.com
Website https://www.unionmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

SIPs can help you invest with minimum contributions over a period of time. With Angel One's free SIP calculator online, you can set your end goal and determine the required contribution amount. Check how over time, with small contributions, you can build up enough to achieve your financial goals.

FAQs

What is today's NAV of Union Midcap Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Union Midcap Fund Dec 20 2024 is 50.26

What is the AUM of Union Midcap Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Union Midcap Fund is 1380.72 crore.

What is the expense ratio of Union Midcap Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Union Midcap Fund is 0.73%

What are the returns of Union Midcap Fund since inception?

The Union Midcap Fund was launched on Mar 02 2020. The fund has delivered a CAGR of 40.5 since inception.

What is the minimum SIP amount to invest in Union Midcap Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Union Midcap Fund is 500.

How do I invest in Union Midcap Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Union Midcap Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Union Midcap Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Union Midcap Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.
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