Fundalysisby DARKHORSESTOCKS

Scheme

Union Large Midcap Fund

Holds 75 companies worth ₹1,004 Cr in Aug 2026.

  • Fund house

    UnionThe fund house that runs this scheme.

  • AUM

    ₹969 CrUnion Large Midcap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.8% on Aug 2026, ₹1,018 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.1% of this scheme's NAV.

  • Fund manager

    Vinod MalviyaRuns its co-manager part since 2 May 2024, as the fund house dates it. With Pratik Dharmshi (co-manager).

Overview(6 Oct 2026)

Fund managers2

  1. Vinod MalviyaCo-manager · May 2024 · 17y
  2. Pratik DharmshiCo-manager · Dec 2024 · 15y · CA B.Com
  1. Sanjay BembalkarNov 2024 – Dec 2024
  2. Hardick BoraDec 2019 – Nov 2024

Key facts

Benchmark
NIFTY LargeMidcap 250 Index (TRI)
Risk
Very High
Expense
Regular 2.56% · Direct 1.31%
Exit load
1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.
Started
6 Dec 2019
Minimum
₹1,000

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed(75 changes)

Sept 2026

3 changes

Aug 2026

4 changes
  1. Category
    31 AugLarge & Mid Cap Fund → Equity Scheme - Large & Mid Cap Fund

Jul 2026

1 change
  1. Expense ratio
    26 JulRegular 2.51% → 2.52%Direct 1.26% → 1.27%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Dec 2019 – now)

  1. Vinod Malviya
  2. Pratik Dharmshi
  3. Sanjay Bembalkar
  4. Hardick Bora
MainCoSlice2020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
59 changesRegularDirectΔ pt
20 Sept 20262.56%1.31%0.01
15 Sept 20262.56%1.32%0.04
6 Sept 20262.53%1.28%0.01
12 Aug 20262.55%1.29%0.01
9 Aug 20262.55%1.30%0.01
2 Aug 20262.56%1.31%0.04
26 Jul 20262.52%1.27%0.01
18 Jun 20262.51%1.26%0.25
14 Jun 20262.26%1.01%0.79
8 Jun 20263.05%1.80%0.78
1 Jun 20262.27%1.02%0.01
28 May 20262.25%1.01%0.04
24 May 20262.23%0.97%0.70
18 May 20262.93%1.67%0.02
12 May 20262.92%1.65%0.38
11 May 20262.55%1.27%1.23
5 May 20263.77%2.50%0.97
28 Apr 20262.79%1.53%0.55
26 Apr 20262.23%0.98%0.33
22 Apr 20262.58%1.31%0.28
16 Apr 20262.84%1.59%0.36
9 Apr 20262.49%1.23%0.11
7 Apr 20262.61%1.34%0.26
24 Mar 20262.33%1.08%0.01
16 Mar 20262.32%1.07%0.03
4 Mar 20262.29%1.04%0.03
9 Feb 20262.26%1.01%0.01
13 Jan 20262.27%1.02%0.01
4 Jan 20262.26%1.01%0.06
31 Oct 20252.25%0.95%0.04
23 Sept 20252.24%0.91%0.01
25 Aug 20252.25%0.92%0.01
19 Aug 20252.26%0.93%0.01
12 Aug 20252.27%0.94%0.06
24 Jun 20252.26%0.88%0.01
20 May 20252.27%0.89%0.01
14 May 20252.28%0.90%0.01
21 Apr 20252.29%0.91%0.01
16 Apr 20252.30%0.92%0.02
11 Apr 20252.32%0.94%0.01
7 Apr 20252.31%0.93%0.01
2 Apr 20252.30%0.92%0.14
19 Feb 20252.37%1.06%0.02
14 Feb 20252.35%1.04%0.01
23 Jan 20252.34%1.03%0.01
16 Jan 20252.33%1.02%0.02
13 Jan 20252.31%1.00%0.02
10 Jan 20252.29%0.98%0.01
8 Jan 20252.28%0.97%0.01
2 Jan 20252.28%0.96%0.04
24 Dec 20242.26%0.92%0.01
11 Dec 20242.25%0.91%0.01
6 Dec 20242.26%0.92%0.02
7 Nov 20242.28%0.94%0.05
22 Oct 20242.27%0.89%0.01
9 Oct 20242.26%0.88%0.01
23 Sept 20242.25%0.87%0.01
23 Aug 20242.26%0.88%0.05
22 Aug 20242.26%0.83%–
Direct plan, 20 Sept 2026
1.31%
Regular plan 2.56% · Exit load 1% if units are redeemed or switched out on or before completion of 15 days from the date of allotment. Nil thereafter.
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Oct 2026)

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.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in both large cap and midcap stocks
Benchmark
NIFTY LargeMidcap 250 Index (TRI)

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments of Large Cap entity(ies)
    Allowed35–65%
  2. Equity & Equity related instruments of Mid Cap entity(ies)
    Allowed35–65%
  3. Equity & Equity related instruments of other than Large & Mid Cap entity(ies)
    Allowed0–30%
  4. Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI
    Allowed0–30%Holds1.4%
  5. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Aug 2026.98.6% equity · 1.4% debt and cash

How to invest(6 Oct 2026)

Buying

To start
₹1,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
No Limit
Systematic
SIP - Daily, Weekly, Fortnightly and Monthly, SWP - Daily/ Monthly/ Quarterly/ Half Yearly and Yearly, STP - Daily, Weekly, Fortnightly, Monthly, Quarterly and Half Yearly
Dates
SIP - Daily (only business days) for Daily frequency, any date of the month for weekly, fortnightly and monthly frequency, STP - Daily (only business days) for Daily frequency, Monday to Friday for weekly frequency, Every Alternate Wednesday for fortnightly frequency and Any date of the month for monthly, quarterly and half yearly frequency, SWP - Daily (Only Business days) for Daily Frequency and any date of the month for monthly, quarterly, half yearly and yearly frequency
Minimum
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, then sIP - Rs. 1 thereof for all frequencies, STP - Rs. 1 thereof for all frequencies, SWP - Rs. 1 thereof for all frequencies.
Instalments
SIP - 6 instalments for all frequencies, STP - 6 instalments for all frequencies, SWP - 6 instalments for all frequencies
Most
SIP - Not applicable, STP - Not applicable, SWP - Not applicable

Selling and switching

To redeem
₹1,000 or Units Equivalent to Rs. 1,000 units
Switch minimum
₹1,000 or Units Equivalent to Rs. 1,000 units
Switch multiples
Switch in: in multiples of Rs. 1 Switch out: in multiples of Rs. 1 or Switch in: Units equivalent to Rs. 1 Switch out: Units equivalent to Rs. 1 units

Scheme details(6 Oct 2026)

What it is

Category
Equity Scheme - Large & Mid Cap Fund
Offer
15 Nov 2019 to 29 Nov 2019
Started
6 Dec 2019
Reopened
13 Dec 2019
Plans
Direct Plan - Growth Option · Direct Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option · Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option · Direct Plan - Transfer of Income Distribution cum Capital Withdrawal Option · Regular Plan - Growth Option · Regular Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option · Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option · Regular Plan - Transfer of Income Distribution cum Capital Withdrawal Option
Face value
₹10
Listed
The Scheme being an open ended Scheme it is not proposed to be listed on any stock exchange. However, the Trustee reserves the right to list the units of the Scheme on any stock exchange(s) at its sole discretion at a later date.

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
SBI-SG Global Securities Services Private Limited.
Auditor
M/s S.R Batliboi & Co. LLP
Registrar
Computer Age Management Services Limited (CAMS)
SEBI code
UNIN/O/E/LMF/19/09/0014