3 Year return

25.66%
Launched on March 2020 (4 years)

Investment Details

₹500

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1182.65 Cr.

Expense Ratio

0.6% (inclusive of GST)

Exit Load

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

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Union Mutual Fund Managers

VP

Vinay Paharia

Fund Manager since Jan 2024

View Details

Fund House Details

Union Mutual Fund

Union Mutual Fund Asset management company

AUM ₹14,674.66 Cr.
No. of Schemes 73
Setup Date NA

Peer Comparison

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Schemes by Union Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Union Midcap Fund Direct Plan IDCW Reinvestment

Union Midcap Fund Direct Plan IDCW Reinvestment is a mid-cap fund managed by Union Asset Management Company. It is an open-ended fund, which means that you can buy and sell units of the fund at any time. The expense ratio of the Union Midcap Fund Direct Plan IDCW Reinvestment is slightly higher than the category average of mid-cap funds.

Investment Objectives of the Scheme

Union Midcap Fund Direct Plan IDCW Reinvestment seeks to generate long-term capital appreciation by investing in a diversified portfolio of mid-cap Indian equity shares. The fund aims to achieve this by investing at least 80% of its assets in mid-cap equity shares. Mid cap companies are those with a market capitalisation of more than ₹1,000 crore but less than ₹20,000 crore.

Key Features of The Fund

5-year return NA
Expense Ratio 0.6%
Fund Manager Vinay Paharia
Fund Size ₹1182.65 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Union Midcap Fund Direct Plan IDCW Reinvestment is suitable for investors who are looking for long-term growth with moderate risk. The fund invests in a diversified portfolio of mid-cap equity shares, which helps reduce risk. However, it is important to note that this fund is still a relatively risky investment, and investors should be prepared for the possibility of losing money. Nevertheless, you must evaluate your overall risk profile and financial goals before moving ahead.

AMC Contact Details

Name Union Mutual Fund
Launch Date 23rd March 2011
Addresss Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059
Contact (022) 6748 3300
Email investorcare@unionmf.com
Website https://www.unionmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Leverage Expert Management for Your Investments with SIPs

Mutual funds are managed by experienced professionals who research and select investments based on the fund's objective. SIPs allow you to tap into this expertise without needing to actively manage your portfolio yourself. Use the SIP return calculator to calculate the potential growth of your mutual fund investment.

FAQs

What is today's NAV of Union Midcap Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Union Midcap Fund Direct Plan IDCW Reinvestment Jun 14 2024 is 47.81

What is the AUM of Union Midcap Fund Direct Plan IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Union Midcap Fund Direct Plan IDCW Reinvestment is 1182.65 crore.

What is the expense ratio of Union Midcap Fund Direct Plan IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Union Midcap Fund Direct Plan IDCW Reinvestment is 0.6%

What are the returns of Union Midcap Fund Direct Plan IDCW Reinvestment since inception?

The Union Midcap Fund Direct Plan IDCW Reinvestment was launched on Mar 02 2020. The fund has delivered a CAGR of 44.76 since inception.

What is the minimum SIP amount to invest in Union Midcap Fund Direct Plan IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Union Midcap Fund Direct Plan IDCW Reinvestment is 500.

How do I invest in Union Midcap Fund Direct Plan IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Union Midcap Fund Direct Plan IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Union Midcap Fund Direct Plan IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Union Midcap Fund Direct Plan IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.