Assets Under Management AUM

Two mid-cap funds have outperformed their benchmark, with SIP returns of over 42% in 2 years

Union Midcap Fund – Direct Plan-Growth

It is a mid-cap mutual fund scheme of Union Mutual Fund launched on March 23, 2020. It is a small, high-risk open-end fund in its class. Under the Direct Plan-Growth scheme, this fund has a value of Rs 410.2 Crores in Assets Under Management (AUM). The net asset value (NAV) of the fund declared on April 29, 2022 is Rs 27.95. The fund has an expense ratio of 1.07%, which is above the average expense ratio for its category.

The fund is 95.85% invested in equities and 0.11% in debt securities. The fund invests the majority of its money in the chemicals, financials, healthcare, capital goods and services sectors. The fund’s top holdings are in Varun Beverages Ltd., Laurus Labs Ltd., PI Industries Ltd., Phoenix Mills Ltd. and Max Healthcare Institute Ltd.

SIP Returns

It has given annual average returns of 69.09% since inception on lump sum investments.

Mandate Absolute returns Annualized returns
1 year 7.17% 13.56%
2 years 42.63% 38.38%
Mirae Asset Midcap Fund - Direct Plan-Growth

Mirae Asset Midcap Fund – Direct Plan-Growth

It is an open-end open-end mutual fund of Mirae Asset Mutual Fund launched on July 29, 2019. The Assets Under Management (AUM) of the fund is Rs 7475.22 Crores. While the net asset value (NAV) declared on April 29, 2022 is Rs 21.43. The fund has an expense ratio of 0.62%, which is below the average expense ratio for its category. It is of medium size in its category. The fund is classified as a high risk investment fund.

The fund is 99.72% invested in stocks, with 16.25% in large cap stocks, 56.02% in mid cap stocks and 11.74% in small cap stocks. The fund invests the majority of its money in the financials, healthcare, automotive, consumer discretionary and materials sectors. The fund’s top holdings are Jindal Steel & Power Ltd., Federal Bank Ltd., Axis Bank Ltd., Bharat Forge Ltd. and TVS Motor Co. Ltd.

SIP Returns

Since its inception, this fund has generated an average annual return of 31.89% on a lump sum investment.

Mandate Absolute returns Annualized returns
1 year 6.14% 11.58%
2 years 42.50% 38.26%
Disclaimer

Disclaimer

Investments in mutual funds are subject to market risk. Read all program documents and terms and conditions carefully before investing. The information mentioned above is purely informative and does not guarantee any return. Greynium Information Technology and the author are not responsible for any losses caused as a result of any decision based on the article.