What stocks does Union Midcap Fund hold?

Union Midcap Fund holds a portfolio of Indian equity stocks disclosed monthly by Union Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Union Midcap Fund?

Union Midcap Fund is managed by Union Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Union Midcap Fund?

Union Midcap Fund is classified as a Mid Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is Union Midcap Fund portfolio data updated?

Portfolio holdings for Union Midcap Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Union Mutual Fund

Union Midcap Fund - Direct Plan - Growth Option

Mid Cap Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

Share: WhatsApp X

⌕

Stocks Held

Sep 2026

Equity Holdings

₹1,869.73 Cr

Equity only, excl. debt & cash

AAUM

₹1,929.32 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

14.1%

Diversified

Top 10 Weight

25.1%

Diversified

Changes

3 new · 1 exits

Top Sector

Auto Components

9.8% of portfolio

Launch Date

02 Mar 2020

6 years old

AAUM (Average Assets Under Management) of ₹1,929.32 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Union Midcap Fund made 3 new additions and exited 1 stock this month. The biggest new buy was Zydus Lifesciences Limited (Pharmaceuticals & Biotechnology) at 0.75% weight. Bharat Electronics Limited was the biggest exit (Aerospace & Defense), which was held at 0.20%. Among existing holdings, Axis Bank Limited saw the biggest increase — now at 1.53% of the portfolio. KEI Industries Limited was trimmed the most, now at 0.89%. One 97 Communications Limited remains the top holding with Auto Components the dominant sector at 9.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Union Midcap Fund - Direct Plan - Growth Option

-7.98%

-7.62%

-2.80%

-1.56%

Latest NAV

₹51.76

23 Oct 2026

52W High

₹58.86

-12% from High

52W Low

₹45.72

+13% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+3.7%

2024

+30.5%

2023

+34.2%

2022

-0.8%

2021

+54.0%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

27.8%

+ve in 96% windows

113.4% / -6.1%

3Y Rolling Avg

24.7% p.a.

+ve in 100% windows

40.8% / 13.3%

5Y Rolling Avg

24.4% p.a.

+ve in 100% windows

36.5% / 13.3%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-20.6%

Rec: Sep 2025 (10 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-18.2%

Rec: Sep 2022 (4 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.42

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.57

Penalises downside volatility only.

Std Deviation (3Y)

16.9%

Lower = more consistent returns.

NAV Chart ₹51.76 23 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

Union Midcap Fund - Direct Plan - Growth Option

Chart shows indexed performance (base = 100). Actual NAV: ₹51.76

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Auto Components	11.2%	9.9%	▼ -1.3%
Banks	9.6%	8.9%	▼ -0.7%
Pharmaceuticals & Biotechnology	7.4%	7.4%	● +0.0%
Electrical Equipment	6.6%	7.0%	▲ +0.4%
Capital Markets	6.0%	6.9%	▲ +0.9%
Industrial Products	6.3%	6.3%	● +0.0%
Chemicals & Petrochemicals	5.8%	5.6%	▼ -0.2%
Finance	5.2%	5.5%	▲ +0.3%
IT - Software	4.9%	5.0%	▲ +0.1%
Consumer Durables	5.9%	5.0%	▼ -0.9%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Auto Components	9.9%	9.8%	● -0.1%
Banks	8.9%	9.1%	▲ +0.2%
Pharmaceuticals & Biotechnology	7.4%	8.6%	▲ +1.1%
Electrical Equipment	7.0%	7.4%	▲ +0.4%
Capital Markets	6.9%	7.3%	▲ +0.5%
Chemicals & Petrochemicals	5.6%	5.7%	▲ +0.1%
Industrial Products	6.3%	5.4%	▼ -0.9%
IT - Software	5.0%	4.8%	▼ -0.2%
Consumer Durables	5.0%	4.8%	▼ -0.2%
Finance	5.5%	4.4%	▼ -1.0%

🟢

Biggest New Buy

Zydus Lifesciences Limited

0.75% weight · Pharmaceuticals & Biotechnology

🔴

Biggest Exit

Bharat Electronics Limited

0.20% was held · Aerospace & Defense

↑

Biggest Add

Axis Bank Limited

+0.39% · now 1.53%

↓

Biggest Trim

KEI Industries Limited

-0.95% · now 0.89%

🤝 Other funds also bought this month

HDFC Life Insurance Company Limited 35 funds

Lenskart Solutions Limited 23 funds

Zydus Lifesciences Limited 18 funds

👋 Other funds also exited

Bharat Electronics Limited 24 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 3 New Entries 🔴 1 Exit ↑ 32 Increased ↓ 37 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Zydus Lifesciences Limited ₹14.26 Cr	Pharmaceuticals & Biotechnology	0.75%
2	Lenskart Solutions Limited ₹12.02 Cr	Retailing	0.63%
3	HDFC Life Insurance Company Limited ₹9.12 Cr	Insurance	0.48%

#	Stock	Sector	Last Weight (Aug 2026)
1	Bharat Electronics Limited ₹4.07 Cr	Aerospace & Defense	0.20%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Axis Bank Limited ₹29.11 Cr	Banks	1.14%	1.53%	+0.39%
2	BSE Limited ₹19.46 Cr	Capital Markets	0.70%	1.02%	+0.32%
3	RBL Bank Limited ₹27.11 Cr	Banks	1.10%	1.42%	+0.32%
4	GE Vernova T&D India Limited ₹45.44 Cr	Electrical Equipment	2.07%	2.38%	+0.31%
5	LG Electronics India Ltd ₹32.04 Cr	Consumer Durables	1.40%	1.68%	+0.28%
6	Info Edge (India) Limited ₹33.63 Cr	Retailing	1.50%	1.76%	+0.26%
7	Multi Commodity Exchange of India Limited ₹55.24 Cr	Capital Markets	2.65%	2.90%	+0.25%
8	Varun Beverages Limited ₹14.52 Cr	Beverages	0.52%	0.76%	+0.24%
9	SRF Limited ₹28.08 Cr	Chemicals & Petrochemicals	1.24%	1.47%	+0.23%
10	Ajanta Pharma Limited ₹39.57 Cr	Pharmaceuticals & Biotechnology	1.87%	2.08%	+0.21%
11	Mphasis Limited ₹38.87 Cr	IT - Software	1.86%	2.04%	+0.18%
12	JSW Infrastructure Ltd ₹32.01 Cr	Transport Infrastructure	1.52%	1.68%	+0.16%
13	CG Power and Industrial Solutions Limited ₹18.91 Cr	Electrical Equipment	0.84%	0.99%	+0.15%
14	The Phoenix Mills Limited ₹38.05 Cr	Realty	1.86%	2.00%	+0.14%
15	Sona BLW Precision Forgings Limited ₹34.36 Cr	Auto Components	1.68%	1.80%	+0.12%
16	Jindal Steel Limited ₹31.42 Cr	Ferrous Metals	1.55%	1.65%	+0.10%
17	One 97 Communications Limited ₹58.99 Cr	Financial Technology (Fintech)	3.01%	3.10%	+0.09%
18	Acutaas Chemicals Ltd ₹19.06 Cr	Pharmaceuticals & Biotechnology	0.92%	1.00%	+0.08%
19	Aether Industries Limited ₹22.46 Cr	Chemicals & Petrochemicals	1.11%	1.18%	+0.07%
20	APL Apollo Tubes Limited ₹32.02 Cr	Industrial Products	1.62%	1.68%	+0.06%
21	IPCA Laboratories Limited ₹47.47 Cr	Pharmaceuticals & Biotechnology	2.43%	2.49%	+0.06%
22	Solar Industries India Limited ₹33.35 Cr	Chemicals & Petrochemicals	1.70%	1.75%	+0.05%
23	Ujjivan Small Finance Bank Limited ₹30.89 Cr	Banks	1.58%	1.62%	+0.04%
24	JK Cement Limited ₹10.21 Cr	Cement & Cement Products	0.51%	0.54%	+0.03%
25	Marico Limited ₹32.51 Cr	Agricultural Food & other Products	1.69%	1.71%	+0.02%
26	Aurobindo Pharma Limited ₹14.15 Cr	Pharmaceuticals & Biotechnology	0.72%	0.74%	+0.02%
27	Schaeffler India Limited ₹18.85 Cr	Auto Components	0.97%	0.99%	+0.02%
28	Grindwell Norton Limited ₹15.32 Cr	Industrial Products	0.78%	0.80%	+0.02%
29	CarTrade Tech Limited ₹16.41 Cr	Retailing	0.84%	0.86%	+0.02%
30	Sai Life Sciences Limited ₹28.42 Cr	Pharmaceuticals & Biotechnology	1.48%	1.49%	+0.01%
31	Billionbrains Garage Ventures Ltd ₹23.45 Cr	Capital Markets	1.22%	1.23%	+0.01%
32	Gokaldas Exports Limited ₹14.02 Cr	Textiles & Apparels	0.73%	0.74%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	KEI Industries Limited ₹17.06 Cr	Industrial Products	1.84%	0.89%	-0.95%
2	PB Fintech Limited ₹7.81 Cr	Financial Technology (Fintech)	1.05%	0.41%	-0.64%
3	Aditya Birla Capital Limited ₹26.01 Cr	Finance	1.73%	1.36%	-0.37%
4	L&T Finance Limited ₹27.97 Cr	Finance	1.84%	1.47%	-0.37%
5	Shriram Finance Limited ₹30.59 Cr	Finance	1.91%	1.61%	-0.30%
6	The Federal Bank Limited ₹57.92 Cr	Banks	3.33%	3.04%	-0.29%
7	Coforge Limited ₹38.27 Cr	IT - Software	2.29%	2.01%	-0.28%
8	Dixon Technologies (India) Limited ₹26.18 Cr	Consumer Durables	1.64%	1.37%	-0.27%
9	Indian Bank ₹10.93 Cr	Banks	0.84%	0.57%	-0.27%
10	Fortis Healthcare Limited ₹41.63 Cr	Healthcare Services	2.44%	2.18%	-0.26%
11	Swiggy Limited ₹4.31 Cr	Retailing	0.49%	0.23%	-0.26%
12	Max Financial Services Limited ₹49.40 Cr	Insurance	2.82%	2.59%	-0.23%
13	Tata Motors Ltd ₹14.44 Cr	Agricultural, Commercial & Construction Vehicles	0.98%	0.76%	-0.22%
14	Amber Enterprises India Limited ₹17.59 Cr	Consumer Durables	1.11%	0.92%	-0.19%
15	Navin Fluorine International Limited ₹5.58 Cr	Chemicals & Petrochemicals	0.46%	0.29%	-0.17%
16	Persistent Systems Limited ₹14.52 Cr	IT - Software	0.89%	0.76%	-0.13%
17	Nippon Life India Asset Management Limited ₹41.68 Cr	Capital Markets	2.28%	2.19%	-0.09%
18	Apar Industries Limited ₹35.71 Cr	Electrical Equipment	1.94%	1.87%	-0.07%
19	Tube Investments of India Limited ₹23.24 Cr	Auto Components	1.28%	1.22%	-0.06%
20	UNO Minda Limited ₹32.79 Cr	Auto Components	1.78%	1.72%	-0.06%
21	Bharti Hexacom Limited ₹32.64 Cr	Telecom - Services	1.77%	1.71%	-0.06%
22	Delhivery Limited ₹16.43 Cr	Transport Services	0.91%	0.86%	-0.05%
23	Aarti Industries Limited ₹19.98 Cr	Chemicals & Petrochemicals	1.10%	1.05%	-0.05%
24	Prestige Estates Projects Limited ₹34.12 Cr	Realty	1.83%	1.79%	-0.04%
25	AIA Engineering Limited ₹17.44 Cr	Industrial Products	0.96%	0.92%	-0.04%
26	ZF Commercial Vehicle Control Systems India Limited ₹25.67 Cr	Auto Components	1.39%	1.35%	-0.04%
27	Bharat Forge Limited ₹13.95 Cr	Auto Components	0.76%	0.73%	-0.03%
28	Berger Paints (I) Limited ₹15.20 Cr	Consumer Durables	0.83%	0.80%	-0.03%
29	AU Small Finance Bank Limited ₹16.53 Cr	Banks	0.89%	0.87%	-0.02%
30	Cummins India Limited ₹20.66 Cr	Industrial Products	1.10%	1.08%	-0.02%
31	Bharat Heavy Electricals Limited ₹40.36 Cr	Electrical Equipment	2.14%	2.12%	-0.02%
32	FSN E-Commerce Ventures Limited ₹8.23 Cr	Retailing	0.45%	0.43%	-0.02%
33	Endurance Technologies Limited ₹19.94 Cr	Auto Components	1.07%	1.05%	-0.02%
34	Gabriel India Limited ₹18.65 Cr	Auto Components	1.00%	0.98%	-0.02%
35	Vishal Mega Mart Limited ₹6.25 Cr	Retailing	0.34%	0.33%	-0.01%
36	Data Patterns (India) Limited ₹12.29 Cr	Aerospace & Defense	0.65%	0.64%	-0.01%
37	Manipal Health Enterprises Ltd ₹9.48 Cr	Healthcare Services	0.51%	0.50%	-0.01%

What Stocks Does This Fund Hold?

75 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	One 97 Communications Limited ₹58.99 Cr	Financial Technology (Fintech)	3.10%
2	The Federal Bank Limited ₹57.92 Cr	Banks	3.04%
3	Multi Commodity Exchange of India Limited ₹55.24 Cr	Capital Markets	2.90%
4	Max Financial Services Limited ₹49.40 Cr	Insurance	2.59%
5	IPCA Laboratories Limited ₹47.47 Cr	Pharmaceuticals & Biotechnology	2.49%
6	GE Vernova T&D India Limited ₹45.44 Cr	Electrical Equipment	2.38%
7	Nippon Life India Asset Management Limited ₹41.68 Cr	Capital Markets	2.19%
8	Fortis Healthcare Limited ₹41.63 Cr	Healthcare Services	2.18%
9	Bharat Heavy Electricals Limited ₹40.36 Cr	Electrical Equipment	2.12%
10	Ajanta Pharma Limited ₹39.57 Cr	Pharmaceuticals & Biotechnology	2.08%
11	Mphasis Limited ₹38.87 Cr	IT - Software	2.04%
12	Coforge Limited ₹38.27 Cr	IT - Software	2.01%
13	The Phoenix Mills Limited ₹38.05 Cr	Realty	2.00%
14	Apar Industries Limited ₹35.71 Cr	Electrical Equipment	1.87%
15	Sona BLW Precision Forgings Limited ₹34.36 Cr	Auto Components	1.80%
16	Prestige Estates Projects Limited ₹34.12 Cr	Realty	1.79%
17	Info Edge (India) Limited ₹33.63 Cr	Retailing	1.76%
18	Solar Industries India Limited ₹33.35 Cr	Chemicals & Petrochemicals	1.75%
19	JSW Energy Limited ₹33.25 Cr	Power	1.74%
20	UNO Minda Limited ₹32.79 Cr	Auto Components	1.72%
21	Bharti Hexacom Limited ₹32.64 Cr	Telecom - Services	1.71%
22	Marico Limited ₹32.51 Cr	Agricultural Food & other Products	1.71%
23	APL Apollo Tubes Limited ₹32.02 Cr	Industrial Products	1.68%
24	JSW Infrastructure Ltd ₹32.01 Cr	Transport Infrastructure	1.68%
25	LG Electronics India Ltd ₹32.04 Cr	Consumer Durables	1.68%
26	Jindal Steel Limited ₹31.42 Cr	Ferrous Metals	1.65%
27	Ujjivan Small Finance Bank Limited ₹30.89 Cr	Banks	1.62%
28	Shriram Finance Limited ₹30.59 Cr	Finance	1.61%
29	Axis Bank Limited ₹29.11 Cr	Banks	1.53%
30	Sai Life Sciences Limited ₹28.42 Cr	Pharmaceuticals & Biotechnology	1.49%
31	L&T Finance Limited ₹27.97 Cr	Finance	1.47%
32	SRF Limited ₹28.08 Cr	Chemicals & Petrochemicals	1.47%
33	RBL Bank Limited ₹27.11 Cr	Banks	1.42%
34	Dixon Technologies (India) Limited ₹26.18 Cr	Consumer Durables	1.37%
35	Aditya Birla Capital Limited ₹26.01 Cr	Finance	1.36%
36	ZF Commercial Vehicle Control Systems India Limited ₹25.67 Cr	Auto Components	1.35%
37	Billionbrains Garage Ventures Ltd ₹23.45 Cr	Capital Markets	1.23%
38	Tube Investments of India Limited ₹23.24 Cr	Auto Components	1.22%
39	Aether Industries Limited ₹22.46 Cr	Chemicals & Petrochemicals	1.18%
40	Cummins India Limited ₹20.66 Cr	Industrial Products	1.08%
41	Endurance Technologies Limited ₹19.94 Cr	Auto Components	1.05%
42	Aarti Industries Limited ₹19.98 Cr	Chemicals & Petrochemicals	1.05%
43	BSE Limited ₹19.46 Cr	Capital Markets	1.02%
44	Acutaas Chemicals Ltd ₹19.06 Cr	Pharmaceuticals & Biotechnology	1.00%
45	CG Power and Industrial Solutions Limited ₹18.91 Cr	Electrical Equipment	0.99%
46	Schaeffler India Limited ₹18.85 Cr	Auto Components	0.99%
47	Gabriel India Limited ₹18.65 Cr	Auto Components	0.98%
48	AIA Engineering Limited ₹17.44 Cr	Industrial Products	0.92%
49	Amber Enterprises India Limited ₹17.59 Cr	Consumer Durables	0.92%
50	KEI Industries Limited ₹17.06 Cr	Industrial Products	0.89%
51	AU Small Finance Bank Limited ₹16.53 Cr	Banks	0.87%
52	CarTrade Tech Limited ₹16.41 Cr	Retailing	0.86%
53	Delhivery Limited ₹16.43 Cr	Transport Services	0.86%
54	Berger Paints (I) Limited ₹15.20 Cr	Consumer Durables	0.80%
55	Grindwell Norton Limited ₹15.32 Cr	Industrial Products	0.80%
56	Persistent Systems Limited ₹14.52 Cr	IT - Software	0.76%
57	Tata Motors Ltd ₹14.44 Cr	Agricultural, Commercial & Construction Vehicles	0.76%
58	Varun Beverages Limited ₹14.52 Cr	Beverages	0.76%
59	Zydus Lifesciences Limited ₹14.26 Cr	Pharmaceuticals & Biotechnology	0.75%
60	Gokaldas Exports Limited ₹14.02 Cr	Textiles & Apparels	0.74%
61	Aurobindo Pharma Limited ₹14.15 Cr	Pharmaceuticals & Biotechnology	0.74%
62	Bharat Forge Limited ₹13.95 Cr	Auto Components	0.73%
63	Data Patterns (India) Limited ₹12.29 Cr	Aerospace & Defense	0.64%
64	Lenskart Solutions Limited ₹12.02 Cr	Retailing	0.63%
65	Indian Bank ₹10.93 Cr	Banks	0.57%
66	JK Cement Limited ₹10.21 Cr	Cement & Cement Products	0.54%
67	Manipal Health Enterprises Ltd ₹9.48 Cr	Healthcare Services	0.50%
68	HDFC Life Insurance Company Limited ₹9.12 Cr	Insurance	0.48%
69	FSN E-Commerce Ventures Limited ₹8.23 Cr	Retailing	0.43%
70	Hindustan Petroleum Corporation Limited ₹8.17 Cr	Petroleum Products	0.43%
71	PB Fintech Limited ₹7.81 Cr	Financial Technology (Fintech)	0.41%
72	Vishal Mega Mart Limited ₹6.25 Cr	Retailing	0.33%
73	K.P.R. Mill Limited ₹6.07 Cr	Textiles & Apparels	0.32%
74	Navin Fluorine International Limited ₹5.58 Cr	Chemicals & Petrochemicals	0.29%
75	Swiggy Limited ₹4.31 Cr	Retailing	0.23%