Union Large & Midcap Fund
Union Mutual Fund · Large & Mid Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
26.0800
1-day change
-0.72%
1Y return
1.9%
3Y CAGR
10.4%
5Y CAGR
9.5%
Max drawdown, 5Y
−20.1%
NAV history month-end NAV, ₹ · 13 Dec 2019 to 1 Oct 2026
Returns vs Large & Mid Cap median (36 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.8% | -6.3% |
| 3 months | -1.5% | -4.1% |
| 6 months | 11.5% | 7.6% |
| Year to date | -0.2% | -4.1% |
| 1 year | 1.9% | -0.8% |
| 3 years (CAGR) | 10.4% | 10.6% |
| 5 years (CAGR) | 9.5% | 10.1% |
| 7 years (CAGR) | n/a | 15.8% |
| 10 years (CAGR) | n/a | 13.1% |
| Since first NAV (CAGR) | 15.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 14.5% | 10.8% |
| 3Y rolling median | 16.8% | 15.5% |
| 3Y rolling worst | 10.0% | -6.5% |
| 3Y periods positive | 100% | 96% |
| 3Y periods ahead of benchmark | 2% | 25% |
| 5Y rolling median | 17.2% | 14.8% |
| 5Y rolling worst | 9.5% | -0.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: Nifty LargeMidcap 250 (proxy: Edelweiss NIFTY Large Midcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 15.6% | 16.1% |
| Sharpe ratio | 0.31 | 0.34 |
| Sortino ratio | 0.43 | 0.50 |
| Beta | 0.91 | 0.97 |
| Alpha (ann.) | 0.5% | 0.9% |
| Upside capture | 95.08 | 99.72 |
| Downside capture | 94.45 | 100.44 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −35.7% | −37.2% |
| Maximum drawdown, last 10Y | n/a | −37.8% |
| Maximum drawdown, last 5Y | −20.1% | −20.0% |
| Current drawdown | −6.0% | −8.0% |
| Recovery time of worst fall | 176 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +6.8% · 3Y +15.0% p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −11.7% from its 52-week high (proxy NAV)
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 8% of days since 2021 (median 24.0)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.56% a year and the Direct plan's 1.31%, a gap of 1.25%; over the last 3 years the Direct plan returned 1.50 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹27,07,895.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 2.57% to 2.56% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 2.56% to 2.57% (AMFI TER disclosure)
- 11 Sep 2026: TER increased from 2.53% to 2.56% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Vinod Malviya | FM 1 Co-manage | 2 May 2024 |
| Pratik Dharmshi | FM 2 Co-manage | 9 Dec 2024 |
Objective: The investment objective of the scheme is to seek to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved.
Stated asset allocation: Equity & Equity related instruments of Large Cap entity(ies)#: 35% - 65% of net assets, Equity & Equity related instruments of Mid Cap entity(ies)#: 35% - 65% of net assets, Equity & Equity related instruments of other than Large & Mid Cap entity(ies)#: 0% - 30% of net assets, Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI: 0%-30% of net assets, Units issued by InvITs: 0% - 10% of net assets. (# In accordance with Clause 3.9 of SEBI Master Circular for Mutual Funds dated March 20, 2026, Large Cap, Mid Cap and Small Cap are defined as follows: • Large Cap: 1st - 100th company in terms of full market capitalization • Mid Cap: 101st - 2…
Benchmark (tier 1): NIFTY LargeMidcap 250 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.
Minimum application: ₹1,000
Allotment date: 6 Dec 2019
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 2.56% | 2.30% |
| AUM, whole scheme (₹ crore) | 969 | 4,000 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 3.4% | -0.4% TRI |
| Return, 3 years (AMFI) | 10.7% | 10.8% TRI |
| Return, 5 years (AMFI) | 9.6% | 11.0% TRI |
| Month-ends above category median (3Y CAGR) | 7% | 51% median |
| Month-ends in category top quartile (3Y) | 0% | 19% median |
Official benchmark: Nifty LargeMidcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Large & Mid Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty LargeMidcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -0.2% | -7.0% | +6.8% |
| 2025 | 2.2% | 7.9% | −5.7% |
| 2024 | 20.6% | 18.3% | +2.3% |
| 2023 | 26.6% | 32.0% | −5.4% |
| 2022 | -3.2% | 4.0% | −7.2% |
| 2021 | 38.7% | n/a | – |
| 2020 | 24.1% | n/a | – |
Benchmark proxy: Edelweiss NIFTY Large Midcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,21,183 | 1.8% |
| 3 years | ₹3,60,000 | ₹3,89,689 | 5.2% |
| 5 years | ₹6,00,000 | ₹7,64,522 | 9.6% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Union Mutual Fund
Category: Large & Mid Cap
Plan / option: Regular · Growth
AMFI scheme code: 147748
ISIN: INF582M01GD4
First NAV in MFIC data: 13 Dec 2019
History: 6.8 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Union Multicap Fund | Multi Cap | 0.99 | 12.3% |
| Union Flexi Cap Fund | Flexi Cap | 0.98 | 8.9% |
| Union Midcap Fund | Mid Cap | 0.98 | 13.8% |
| Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund | ELSS | 0.98 | 8.3% |
| Union Business Cycle Fund | Sectoral/Thematic | 0.98 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.98 | n/a |
Questions about Union Large & Midcap Fund
- What is the latest NAV of Union Large & Midcap Fund?
- The NAV of the Regular plan (growth option) was ₹26.0800 on 1 Oct 2026, as published by AMFI.
- Which category is Union Large & Midcap Fund in?
- It is classified as Large & Mid Cap in AMFI's daily NAV file; a Large & Mid Cap scheme invests at least 35% each in large-cap and mid-cap stocks. MFIC compares it with 36 Large & Mid Cap schemes (Regular plans).
- What returns has Union Large & Midcap Fund delivered?
- Over one year the NAV changed by 1.9%. The 3-year CAGR is 10.4% (category median 10.6%) and the 5-year CAGR is 9.5% (category median 10.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 16.8%, the lowest was 10.0%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty LargeMidcap 250 (index-fund proxy) in 2% of those periods.
- What was the largest fall in Union Large & Midcap Fund's NAV?
- The largest peak-to-trough fall in its available history was 35.7%; within the last five years it was 20.1% (category median 20.0%).
- How volatile is Union Large & Midcap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.6%, which is below the Large & Mid Cap category median of 16.1%.
- What would a monthly SIP in Union Large & Midcap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,64,522 on 1 Oct 2026, an annualised return (XIRR) of 9.6%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Union Large & Midcap Fund?
- The total expense ratio of the Regular plan is 2.56% a year, as disclosed to AMFI (median of Large & Mid Cap Regular plans: 2.30%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Union Large & Midcap Fund?
- Assets under management of the whole scheme were ₹969 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Union Large & Midcap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Union Large & Midcap Fund and how has it compared?
- Its official benchmark is the Nifty LargeMidcap 250 TRI. Over 3 years AMFI reports a return of 10.7% for this plan against 10.8% for the benchmark total return index; over 5 years 9.6% against 11.0%. Past performance does not indicate future results.
- How often has Union Large & Midcap Fund beaten its category?
- At 7% of the 46 month-ends compared over the last 10 years, its 3-year return was above the median of Large & Mid Cap schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages Union Large & Midcap Fund?
- According to its Scheme Summary Document, Union Large & Midcap Fund is managed by Vinod Malviya (since 2 May 2024), Pratik Dharmshi (since 9 Dec 2024).
- What is the exit load of Union Large & Midcap Fund?
- As stated in its scheme documents: 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Union Large & Midcap Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, SWP - Rs. 500 , STP - Rs. 100.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 3.2% and the Regular plan's by 1.9%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.