MonitorDirect · GrowthWatch before adding
Union Large & Midcap Fund
Union Mutual FundEquity Scheme - Large & Mid Cap Fund6.9 years
The scheme seeks to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies.
- NAV
- 28.14
- 30 Oct 2026
- 1Y
- -0.7%
- Trailing CAGR
- AUM
- ₹982.67 Cr
- 31 Aug 2026
- Volatility
- High
- 17.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Baroda BNP Paribas Large and Mid Cap fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
6.9 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.31% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -35.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
7% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Pratik Dharmshi · 1.9 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 25.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 36%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-0.7%
- 3Y+12.4%
- 5Y+10.3%
- 10Yn/a
- SI+16.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.6%
- 3Y+5.6%
- 5Y+10.7%
- 10Yn/a
- Since inception
- +16.2%
- Calendar-day CAGR
- Excess 1Y
- +3.4%
- Category median, same plan and option
- 3Y win rate
- +7%
- Windows beating the median
- 3Y percentile
- 35
- Vs comparable share classes
- SIP 3Y XIRR
- +5.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +11.0%
- 957 daily-ending windows
- Median rolling 3Y
- +18.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 466 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -35.6%
- Worst peak-to-trough
- Current
- -6.6%
- Below last peak
- Current spell
- 60 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 89 recovered episodes
- Longest recovery
- 350 days
- Trough to prior peak
20 Feb 2020 – 15 Sept 2020
Trough 23 Mar 2020 · recovered in 176 days
-35.6%
17 Jan 2022 – 5 Jun 2023
Trough 20 Jun 2022 · recovered in 350 days
-19.6%
23 Sept 2024 – 29 Oct 2025
Trough 28 Feb 2025 · recovered in 243 days
-18.7%
5 Jan 2026 – 18 Jun 2026
Trough 30 Mar 2026 · recovered in 80 days
-12.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
35
Vs category
71
Consistency
22
Risk-adjusted
57
Drawdown
11
Mean
39
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 78 holdings · top 10 are 25.3%.
- Top 5
- 15.6%
- Top 10
- 25.3%
- Largest holding
- 5.1%
- Effective holdings
- 59.0
ICICI Bank Ltd
Financial
5.1%
HDFC Bank Ltd
Financial
2.7%
Bharti Airtel Ltd
Technology
2.3%
One 97 Communications Ltd
Industrials
2.3%
Zomato Ltd
Technology
2.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas Large and Mid Cap fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -4.2%
- 3Y
- +13.5%
- Vol
- 14.9%
- Max DD
- -20.6%
- Sharpe
- 0.85
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Edelweiss Large & Mid Cap Fund
Edelweiss Mutual Fund
- 1Y
- -3.2%
- 3Y
- +13.4%
- Vol
- 15.7%
- Max DD
- -34.9%
- Sharpe
- 0.66
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bandhan Large & Mid Cap Fund
Bandhan Mutual Fund
- 1Y
- -3.4%
- 3Y
- +16.7%
- Vol
- 15.8%
- Max DD
- -38.5%
- Sharpe
- 0.61
- 3Y win
- +61%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
DSP Large & Mid Cap Fund
DSP Mutual Fund
- 1Y
- -7.0%
- 3Y
- +12.9%
- Vol
- 15.9%
- Max DD
- -36.8%
- Sharpe
- 0.62
- 3Y win
- +74%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
ICICI Prudential Large & Mid Cap Fund
ICICI Prudential Mutual Fund
- 1Y
- -9.2%
- 3Y
- +13.2%
- Vol
- 15.3%
- Max DD
- -37.4%
- Sharpe
- 0.63
- 3Y win
- +51%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown