Which funds are similar to Union Midcap Fund Direct-Growth?
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.
What is the rank of Union Midcap Fund Direct-Growth in its category?
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.
How does Union Midcap Fund Direct-Growth's expense ratio compare to similar funds?
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.
How does Union Midcap Fund Direct-Growth's AUM compare to similar funds?
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.
Which fund has the best 3-year returns in the Equity: Mid Cap?
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.
How does Union Midcap Fund Direct-Growth rank in risk-adjusted returns vs peers?
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.
