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Union Midcap Fund - Direct Plan - Growth Option is an equity scheme managed by Union Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 23.07%, with the bottom and top quartiles at 20.83% and 26.27% respectively. It has ranked in the top half of its category for 1 of the last 2 reported years. The total expense ratio is 1.44% on assets of ₹1,705Cr. The fund is currently managed by Gaurav Chopra, appointed within the last year.
Lower is better.
This scheme classifies as Large-Blend on the 3x3 equity style box, with 81% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
|---|
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| THE FEDERAL BANK LIMITED | Financial Services | 4.14% |
| MAX FINANCIAL SERVICES LIMITED | Financial Services | 3.14% |
| FORTIS HEALTHCARE LIMITED. | Healthcare | 2.91% |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED | Financial Services | 2.66% |
| INDIAN BANK | Financial Services | 2.55% |
| JSW ENERGY LIMITED | Utilities | 2.22% |
| THE PHOENIX MILLS LIMITED | Real Estate | 2.17% |
| KEI INDUSTRIES LIMITED | Industrials | 2.11% |
| CUMMINS INDIA LIMITED | Industrials | 2.05% |
| IPCA LABORATORIES LIMITED | Healthcare | 2.02% |
| Shriram Finance Limited | Financial Services | 1.95% |
| Bharti Hexacom Limited | Communication Services | 1.86% |
| MPHASIS LIMITED | Technology | 1.81% |
| BHARAT HEAVY ELECTRICALS LIMITED | Industrials | 1.80% |
| VISHAL MEGA MART PRIVATE LIMITED | Consumer Cyclical | 1.79% |
| CG POWER AND INDUSTRIAL SOLUTIONS LIMITED | Industrials | 1.75% |
| Sai Life Sciences Limited | Healthcare | 1.58% |
| SOLAR INDUSTRIES INDIA LIMITED | Basic Materials | 1.58% |
| SRF LIMITED | Industrials | 1.57% |
| UJJIVAN SMALL FINANCE BANK LIMITED | Financial Services | 1.53% |
| BSE LIMITED | Financial Services | 1.51% |
| MARICO LIMITED | Consumer Defensive | 1.51% |
| ENDURANCE TECHNOLOGIES LIMITED | Consumer Cyclical | 1.51% |
| APL APOLLO TUBES LIMITED | Basic Materials | 1.51% |
| AMBER ENTERPRISES INDIA LIMITED | Consumer Cyclical | 1.49% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 10 | 27.98% |
| Capital Goods | — | 18.74% |
| Healthcare | 7 | 12.21% |
| Automobile and Auto Components | — | 9.48% |
| Chemicals | — | 5.54% |
| Consumer Durables | — | 3.42% |
| Information Technology | — | 3.22% |
| Consumer Services | — | 2.88% |
| Fast Moving Consumer Goods | — | 2.36% |
| Metals & Mining | — | 2.33% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -5.58% | 6.75% | 18.79% | 43.75% | 94.99% | 96.1% |
| 3Y | 14.38% | 20.83% | 23.07% | 26.27% | 36.44% | 100.0% |
| 5Y | 17.23% | 20.34% | 24.32% | 27.69% | 32.32% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 26.0% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.
| 5Y |
|---|
| Star |
|---|
| WhiteOak Capital Mid Cap Fund Direct Plan Growth | WhiteOak Capital Mutual Fund | ₹5,293 Cr | 0.72% | +25.45% | — | 5★ |
| Invesco India Midcap Fund - Direct Plan - Growth Option | Invesco Mutual Fund | ₹11,767 Cr | 1.04% | +25.12% | +21.10% | 5★ |
| Edelweiss Mid Cap Fund - Direct Plan - IDCW Option | Edelweiss Mutual Fund | ₹15,911 Cr | 0.60% | +24.48% | +19.98% | 5★ |
| Edelweiss Mid Cap Fund - Direct Plan - Growth Option | Edelweiss Mutual Fund | ₹15,911 Cr | 0.60% | +24.48% | +21.16% | 5★ |
| ITI Mid Cap Fund - Direct Plan - Growth Option | ITI Mutual Fund | ₹1,358 Cr | 0.57% | +24.19% | +17.90% | 4★ |
| Mahindra Manulife Mid Cap Fund - Direct Plan -Growth | Mahindra Manulife Mutual Fund | ₹4,688 Cr | 0.91% | +24.11% | +20.48% | 5★ |
| Sundaram Mid Cap Fund Direct Plan - Growth | Sundaram Mutual Fund | ₹13,378 Cr | 1.43% | +23.08% | +19.60% | 4★ |
| BARODA BNP PARIBAS Mid Cap Fund - Direct Plan - Growth Option | Baroda BNP Paribas Mutual Fund | ₹2,389 Cr | 0.57% | +21.51% | — | 4★ |
| Kotak Midcap Fund - Direct Plan - Growth | Kotak Mahindra Mutual Fund | ₹63,539 Cr | 0.46% | +20.80% | +18.66% | 3★ |
| ITI Mid Cap Fund - Direct Plan - IDCW Option | ITI Mutual Fund | ₹1,358 Cr | 0.57% | +20.65% | +15.87% | 3★ |