Question 1

Which funds are similar to Union Midcap Fund Direct-Growth?

Accepted Answer

Funds similar to Union Midcap Fund Direct-Growth in the Equity: Mid Cap category include HDFC Mid Cap Fund Direct-Growth, Kotak Midcap Fund Direct-Growth, and Nippon India Growth Mid Cap Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of Union Midcap Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis Union Midcap Fund Direct-Growth is ranked 21 out of 37 funds in the Equity: Mid Cap category as of 16 Jul 2026. On a 5-year return basis it ranks 19 out of 28. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does Union Midcap Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

Union Midcap Fund Direct-Growth has an expense ratio of 1.14%. The peers HDFC Mid Cap Fund Direct-Growth has an expense ratio of 0.75% and Kotak Midcap Fund Direct-Growth has 0.50%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does Union Midcap Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

Union Midcap Fund Direct-Growth has an AUM of ₹1,846.92 crore. The peers HDFC Mid Cap Fund Direct-Growth has an AUM of ₹1,00,858 crore and Kotak Midcap Fund Direct-Growth has ₹67,611 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Equity: Mid Cap?

Accepted Answer

The top performing fund in the Equity: Mid Cap category on a 3-year basis is Invesco India Mid Cap Fund Direct-Growth with a CAGR of 26.20% as of 16 Jul 2026. Union Midcap Fund Direct-Growth has delivered 19.37% CAGR over the same period, ranking 21 out of 37 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does Union Midcap Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, Union Midcap Fund Direct-Growth has a Sharpe ratio of 0.80 compared to the Equity: Mid Cap average of 0.79 as of 16 Jul 2026. It ranks 14 out of 37 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+9.45%	6.32%	7 / 45
3Y Return	+19.37%	19.83%	21 / 37
5Y Return	+16.79%	17.14%	19 / 28
10Y Return	—	17.12%	—

Union Midcap Fund Direct-Growth

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