August 24, 2024
mayank
Union Midcap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 50.5900
NAV IDCW: Rs 50.5900
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Gaurav Chopra
Education: Mr. Chopra has done B.Com, Chartered Accountant and CFA (Level III cleared)
Experience: Prior to joining Union Mutual Fund, he was associated with Centrum Portfolio Management Services- Centrum Broking Ltd., Barclays Wealth Trustees (India) Pvt. Ltd. and Sharp & Tanan Associates
2) Hardick Bora
Education: Mr. Bora is a CFA charterholder with the CFA Institute, USA and Bachelors in Banking and Insurance from University of Mumbai.
Experience: Prior to joining Union Mutual Fund, he has worked with Motilal Oswal Securities Ltd., Dolat Capital Markets Pvt Ltd. as Research Associate, Khandwala Securities Ltd. as Research Associate, Yen Management Consultants Pvt. Ltd. and 3 Global Services Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Midcap Fund
| Fund House | Union Mutual Fund |
| Launch Date | 23-Mar-20 |
| Return Since Launch | 44.29% |
| Benchmark | BSE 150 MidCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,372 Cr |
| (As on 31-Jul-2024) | |
| Expense | 0.56% |
| (As on 31-Jul-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 227.00% |
Trailing Returns (%) of Union Midcap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Midcap Dir | 29.98 | -0.47 | 4.20 | 12.65 | 22.52 | 46.68 | 25.63 | — | — | — |
| BSE 150 MidCap TRI | 32.12 | 0.55 | 3.84 | 14.13 | 23.47 | 55.07 | 29.05 | — | — | — |
| Equity: Mid Cap | 30.13 | -0.40 | 3.68 | 11.82 | 22.51 | 51.77 | 27.61 | — | — | — |
| Rank within category | 20 | 22 | 9 | 16 | 21 | 32 | 19 | — | — | — |
| Number of funds in category | 39 | 41 | 40 | 39 | 39 | 39 | 28 | 23 | 20 | 19 |
Peer Comparison of Union Midcap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Union Midcap Dir | 3 star | 46.68 | 25.63 | — | 0.56 | 1,372 | 44.29 | 1.00 (15) | 4Y 5M | 227.00 |
| HDFC Mid-Cap Opportunities Dir | 4 star | 47.68 | 32.03 | 31.82 | 0.72 | 75,382 | 22.78 | 1.00 (365) | 11Y 7M | 22.22 |
| Kotak Emerging Equity Dir | 4 star | 49.39 | 27.40 | 31.76 | 0.34 | 50,602 | 22.64 | 1.00 (365) | 11Y 7M | 35.51 |
| Nippon India Growth Dir | 4 star | 55.01 | 30.71 | 32.86 | 0.79 | 32,971 | 20.45 | 1.00 (30) | 11Y 7M | 22.00 |
| Motilal Oswal Midcap Dir | 5 star | 70.43 | 40.50 | 35.88 | 0.58 | 14,446 | 26.14 | 1.00 (365) | 10Y 6M | 167.00 |
Portfolio Analysis of Union Midcap Fund
| No. of Stocks | 65 |
| Top 10 Stocks | 27.06% |
| Top 5 Stocks | 14.28% |
| Top 3 Sectors | 41.69% |
| Portfolio P/B Ratio | 5.36 |
| Portfolio P/E Ratio | 38.34 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 59,761 | 60,760 |
| Giant (%) | 4.75 | 5.05 |
| Large (%) | 40.73 | 36.74 |
| Mid (%) | 49.73 | 55.97 |
| Small (%) | 4.79 | 4.91 |
| Tiny (%) | — | 0.29 |
Chanakya’s Mutual Fund Guidance For Union Midcap Fund
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Union Midcap Fund
Union Midcap Fund details, NAV, Fund Portfolio, Peer Comparison, Fund Managers, Mutual Fund Guidance, mutual fund, Best funds to invest, Best Funds, Fund Returns, Fund Analysis
What is Union Midcap Fund?
Union Midcap Fund – Direct Plan is mandated to invest at least 65 per cent of its assets in mid-cap stocks at all times.
How to Invest in Union Midcap Fund?
Mutual funds can be bought directly from the website of the fund house. For instance, Union Midcap Fund – Direct Plan fund can be purchased from the website of Union Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
What is the Riskometer level of Union Midcap?
The riskometer level of Union Midcap Fund – Direct Plan is Very High.
What is the expense ratio of Union Midcap?
The expense ratio of Union Midcap Fund – Direct Plan is 0.56.