Mid Cap · Equity

Union Midcap Fund

Union Asset Management Company Private Limited

Benchmark

BSE Midcap 150 TRI

Riskometer

Very High

Size

₹1,905 cr

Allotted

23 Mar 2020

Holdings as of

30 Sep 2026

Union Midcap Fund is a mid cap fund of Union Asset Management Company Private Limited with ₹1,905 cr under management. It is ahead of its benchmark (BSE Midcap 150 TRI) in 3 of 3 periods. Its direct plan charges 1.08% a year. Gaurav Chopra has managed it for 3.7 years.

Has Union Midcap Fund beaten its benchmark?

Ahead of its benchmark, BSE Midcap 150 TRI, in 3 of 3 periods in AMFI's figures; +4.88% over the last year against +0.01%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty Midcap 150 TRI	Ahead
1 month	−4.13%	−4.48%	—
3 months	−2.20%	−5.57%	—
6 months	+7.29%	+1.17%	—
1 year	+4.88%	+1.66%	+3.22 pts
3 years	+15.56%	+13.63%	+1.93 pts
5 years	+13.13%	+13.29%	−0.16 pts
10 years	—	+16.21%	—
Since start from 30 Mar 2020	+29.05%	—	—

Valarth price history to 13 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (BSE Midcap 150 TRI) in 3 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+4.88%	+3.50%	+0.01%	+4.87	🔒
3y	+15.53%	+13.93%	+13.40%	+2.13	🔒
5y	+13.12%	+11.51%	+12.71%	+0.41	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Mid Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Mar 2020 to 13 Oct 2026

Fund 517Nifty Midcap 150 TRI 509

₹100 put in at the start of Mar 2020 would be ₹517 on 13 Oct 2026, against ₹509 in the Nifty Midcap 150 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Union Midcap Fund cost?

1.08% a year on the direct plan, 2.39% on the regular plan; 21 of 34 funds in its category charge less.

Direct plan

1.08% a year

Category median 0.94%

Regular plan

2.39% a year

Category median 2.01%

Gap

1.31 points

for the same holdings

21 of 34 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Scheme - Mid Cap Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Union Midcap Fund?

Gaurav Chopra, since 25 Jan 2023; Pratik Dharmshi, since 9 Dec 2024.

Gaurav Chopra

3.7 years

since 25 Jan 2023

Pratik Dharmshi

1.8 years

since 9 Dec 2024

Benchmark as filedBSE 150 MidCap Index (TRI)

Exit load

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

From 39 Scheme Summary Documents filed with NSE, first on 16 Apr 2026; as on 12 Oct 2026

What does Union Midcap Fund hold?

79 holdings as of 30 Sep 2026; the ten largest are 25.1% of the fund, the largest One 97 Communications Ltd. at 3.1%.

Mix

Holdings as of 30 Sep 2026

Equity98.1%Debt0.1%Cash1.8%Other0.0%

Holdings

75 shares

Top ten

25.1%

of the fund

Effective holdings

59.2

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

One 97 Communications Ltd.3.10%

The Federal Bank Ltd.3.04%

Multi Commodity Exchange of India Ltd.2.90%

Max Financial Services Ltd.2.59%

IPCA Laboratories Ltd.2.49%

Five largest industries

% of fund

Auto Components10.0%

Banks9.20%

Pharmaceuticals & Biotechnology8.70%

Electrical Equipment7.50%

Capital Markets7.50%

By company size

% of equity · SEBI size lists

Large Cap15.9%Mid Cap68.3%Small Cap15.8%

How does Union Midcap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Union Midcap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty Midcap 150: 64% of it differs from the index (an active fund is usually above 60%).

Active share 63.7%60%

Funds that hold much the same

% of holdings in common

UNION LARGE & MIDCAP FUND60.9% the same

53 shared holdings

UNION CHILDREN'S FUND54.6% the same

45 shared holdings

PGIM INDIA MIDCAP FUND47.5% the same

47 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Union Midcap Fund?

Gaurav Chopra (manager) since 25 Jan 2023; Pratik Dharmshi (manager) since 9 Dec 2024.

What is the expense ratio of Union Midcap Fund?

1.08% a year on the direct plan and 2.39% on the regular plan (expense report, Oct 2026).

How has Union Midcap Fund done?

Its direct plan returned +15.53% a year over 3 years against +13.40% for its benchmark, BSE Midcap 150 TRI, as of 13 Oct 2026.