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Union Midcap Fund Direct Growth+0.16%

86.44%
1 Year Return
Equity
Mid Cap
6M
1Y
All

Fund Details

Union Midcap Fund Direct Growth

RiskVery High
Min SIP Amount₹2000
Expense Ratio1.22%
NAV₹25.84 (23 Jul 2021)
Fund Started23 Mar 2020
Fund Size247 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
86.4%
-
-
116.5%
Category Average
72.8%
17.0%
15.6%
-
Rank Within Category
3
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount2,000
Amount Per Month₹5,000
Would have become
0
with 86.4% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 1.22%
2. 1Y Returns are higher than the category average returns
Cons
1. Age is less than 5 years

Top Holdings

NameSectorInstrument% Assets
Coforge Ltd.TechnologyEquity3.4%
Persistent Systems Ltd.TechnologyEquity3.2%
Varun Beverages Ltd.FMCGEquity3.2%
PI Industries Ltd.ChemicalsEquity3.0%
Polycab India Ltd.EngineeringEquity2.9%
Tube Investments Of India Ltd.AutomobileEquity2.8%
Astral Ltd.ChemicalsEquity2.8%
Endurance Technologies Ltd.AutomobileEquity2.7%
Navin Fluorine International Ltd.ChemicalsEquity2.6%
Syngene International Ltd.HealthcareEquity2.6%
See All

Fund Managers

Vinay Paharia
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Hardick Bora
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Union Midcap Fund Direct Growth Details

Union Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 23 Mar 2020. Vinay Paharia is the Current Fund Manager of Union Midcap Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹247 Cr and the Latest NAV as of 23 Jul 2021 is ₹25.84.

The Union Midcap Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000. 1% exit load if redeemed within 15 days.

Investment Objective

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.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
1% exit load if redeemed within 15 days.
Exit Load

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About Union Mutual Fund

Address
Unit 802, 8th Floor, Tower ‘A’, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel (West) Mumbai - 400013
Phone
022-24833300
Launch Date
23 Mar 2011
Website
NA
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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