Investment Objective and Approach

The investment objective of the Union Large and Mid Cap Fund is to generate capital appreciation by investing predominantly in a portfolio of equity and equity linked securities of large cap and mid cap companies. The fund follows a balanced allocation strategy between large-cap and mid-cap stocks.

Asset Allocation Strategy:

- Minimum investment in equity & equity related instruments of large cap companies - 35% of total assets

- Minimum investment in equity & equity related instruments of mid cap stocks - 35% of total assets

The fund provides investors with exposure to both established large-cap companies offering stability and mid-cap companies with higher growth potential. This dual approach allows the fund management team flexibility to capitalize on opportunities across different market segments based on market conditions and valuation metrics.

The fund focuses on capital appreciation through careful stock selection in both large and mid-cap segments, maintaining disciplined risk management while seeking to deliver superior long-term returns for investors with a moderate to high risk appetite.

Fund Managers

The Union Large and Mid Cap Fund is currently co-managed by experienced professionals:

Mr. Pratik Dharmshi (Fund Manager since December 09, 2024)

Mr. Dharmshi has done B. Com & CA and brings significant expertise in equity research and fund management. Prior to joining Union AMC, he was associated with UTI Pension Fund Limited, Safe Enterprises, Girik Capital, Edelweiss AMC, JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.

Mr. Vinod Malviya (Co-Fund Manager since May 02, 2024)

Mr. Malviya has done Bachelors of Management Studies, Masters in Financial Management and CFA (Level-III cleared). Prior to joining Union Mutual Fund, he was associated with Florintree Advisors Pvt. Ltd., East India Securities Ltd. and Amit Nalin Securities Pvt. Ltd.

The fund management team combines strong academic credentials with extensive industry experience across various financial institutions, providing investors with professional oversight and strategic investment decision-making.

About the Fund House (AMC)

Union Asset Management Company Private Limited is the investment wing of Union Bank of India, and has been one of the key drivers of the asset management sector in India for over a decade. The vision of the company is to provide opportunities to investors so that they can achieve sustainable prosperity by investing responsibly in the capital markets.

Corporate History:

- The AMC was set up on December 30, 2009, with the aim to formulate a robust asset management portfolio in India.

- The AMC was set up in collaboration with KBC Asset Management NV, a Belgium-based AMC. It was initially known as Union KBC Mutual Fund.

- Union Bank always held the majority stake in the company while KBC controlled a 49% share. The partnership ended in 2016 when KBC pulled out of the agreement and Union Bank of India purchased their shares, making Union Mutual Fund their wholly owned subsidy.

- In 2017, Dai-ichi Life, a prominent Japanese financial services company, acquired a 39.62% stake in the AMC.

Current Position:

Union Asset Management Co. Pvt. Ltd. has an AUM of ₹20,478.64 Cr as per recent data, positioning it as a well-established player in the Indian mutual fund industry. The AMC leverages Union Bank's extensive branch network and customer base while maintaining professional investment management standards.

Should I Invest in Union Large and Mid Cap Fund?

This fund is suitable for investors with specific investment profiles and objectives:

Ideal for:

- Investors seeking long-term capital appreciation through equity investments

- Those comfortable with moderate to high risk levels associated with large and mid-cap stocks

- Investors with investment horizons of 5+ years who can ride out market volatility

- Those looking for diversified exposure across both established and growth-oriented companies

Key Considerations:

- The minimum investment required is ₹1,000 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option

- Exit load of 1%, if redeemed within 15 days

- The fund follows a balanced approach between large and mid-cap segments, providing reasonable diversification

Investment Strategy:

The fund offers flexibility to the management team to allocate between large-cap stability and mid-cap growth potential based on market opportunities. This dual approach can help in managing risk while capturing growth opportunities across market cycles.

Investors should evaluate their risk tolerance, investment objectives, and time horizon before investing. The fund's performance and suitability should be assessed in the context of your overall portfolio and financial goals.

FAQs

What is today's NAV of Union Large and Mid Cap Fund?

The latest declared NAV of Union Large & Midcap Fund - Regular Plan is ₹25.2600 as of 18-Aug-2025. NAV changes daily based on market movements and you can check the current NAV on Allvest or the fund house website.

What is the AUM of Union Large and Mid Cap Fund?

The fund has an AUM of ₹905.87 Cr as of recent data. The Assets Under Management indicates the total value of investor money managed by the fund.

What is the expense ratio of Union Large and Mid Cap Fund?

The expense ratio is 2.43% for the Regular Plan. The Direct Plan typically has a lower expense ratio, providing better returns for long-term investors.

What are the returns of Union Large and Mid Cap Fund since inception?

The fund has delivered 21.80% returns since inception as per available data. Past performance doesn't guarantee future results and returns are subject to market risks.

What is the minimum SIP amount to invest in Union Large and Mid Cap Fund?

The minimum SIP investment is ₹500 making it accessible for regular investors. You can start investing with small monthly amounts through systematic investment plans.

How do I invest in Union Large and Mid Cap Fund?

You can invest through Allvest platform for a seamless investment experience. Alternatively, you can invest directly through the Union Mutual Fund website or through registered mutual fund distributors and banks.

How to start a SIP in Union Large and Mid Cap Fund?

Log into your Allvest account, select Union Large and Mid Cap Fund, choose SIP option, set your investment amount and frequency, and start your SIP. You can also set up auto-debit for hassle-free monthly investments.

How do I automate an SIP in Union Large and Mid Cap Fund?

Through Allvest, you can set up auto-debit instructions from your bank account. This ensures your SIP amount is automatically debited on your chosen date each month without manual intervention.

How can I withdraw/redeem my investment in Union Large and Mid Cap Fund?

You can redeem your investment through Allvest platform or the Union Mutual Fund website. Equity fund redemptions typically take 2-4 working days to credit to your bank account. Remember the exit load conditions before redeeming.