Helios Mid Cap Fund vs Union Midcap Fund
Helios Mid Cap Fund and Union Midcap Fund are both Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +17.16%, 5-year CAGR — vs +14.45%, volatility 18.67% vs 17.43%, maximum drawdown −16.74% vs −21.26%. Their portfolios overlap by 36.7% (29 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Fund house | Helios Mutual Fund | Union Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹14.0300 | ₹56.2300 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 17 Mar 2025 | 30 Mar 2020 |
| Track record | 1.6 yrs | 6.6 yrs |
| Fund size (AUM) | ₹2,348 Cr | ₹1,906 Cr |
| Securities held | 75 | 77 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| 1 month | +2.11% | +1.48% |
| 3 months | −0.57% | −2.07% |
| 6 months | +6.05% | +2.37% |
| 1 year | +7.43% | +6.05% |
| 3 years (CAGR) | — | +17.16% |
| 5 years (CAGR) | — | +14.45% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +22.53% | +29.15% |
| SIP return (XIRR, 5 years) ⓘ | — | +15.39% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| 2026 (year to date) | +9.01% | +6.78% |
| 2025 | — | +3.68% |
| 2024 | — | +30.50% |
| 2023 | — | +34.21% |
| 2022 | — | −0.82% |
| 2021 | — | +53.98% |
Risk
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.67% | 17.43% |
| Downside volatility ⓘ | 11.13% | 12.15% |
| Sharpe ratio ⓘ | 0.86 | 0.61 |
| Sortino ratio ⓘ | 1.44 | 0.88 |
| Maximum drawdown ⓘ | −16.74% | −21.26% |
| Recovery from that fall | 1 months | 8 months |
| Current fall from peak | −2.70% | −4.47% |
| Rolling 1-year return: worst | −1.63% | −5.58% |
| Rolling 1-year return: median | +14.96% | +17.41% |
| Rolling 1-year return: best | +24.58% | +107.80% |
| Share of 1-year periods with a loss | 1.26% | 3.47% |
Against each fund's benchmark
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Beta ⓘ | 0.98 | 0.93 |
| Alpha (Jensen's, annualised) ⓘ | +7.25% | +1.33% |
| R² ⓘ | 87.05 | 91.85 |
| Upside capture | 118.58% | 98.73% |
| Downside capture | 89.23% | 93.79% |
| Tracking error | 6.77% | 5.26% |
| Information ratio | 1.16 | 0.17 |
| Treynor ratio | 10.40 | 9.87 |
Portfolio
Asset mix
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Equity | 97.86% | 98.10% |
| Cash & equivalents | 2.14% | 1.83% |
| Debt | 0.00% | 0.07% |
Market-cap split (share of fund assets)
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Large Cap | 3.13% | 15.55% |
| Mid Cap | 63.96% | 66.53% |
| Small Cap | 28.06% | 15.52% |
| Unclassified | 2.71% | 0.50% |
Concentration
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Top 10 holdings | 24.49% | 25.07% |
| Effective number of stocks ⓘ | 62.6 | 61.5 |
| Securities held | 75 | 77 |
Portfolio overlap: 36.7%
29 companies are held by both funds; by weight, 36.7% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Helios Mid Cap | Union Midcap |
|---|---|---|
| One 97 Communications Limited | 3.45% | 3.10% |
| Nippon Life India Asset Management Limited | 2.13% | 2.19% |
| Coforge Limited | 2.68% | 2.01% |
| The Phoenix Mills Limited | 2.58% | 2.00% |
| Fortis Healthcare Limited | 1.96% | 2.18% |
| Multi Commodity Exchange of India Limited | 1.94% | 2.90% |
| Apar Industries Limited | 2.75% | 1.87% |
| Sona BLW Precision Forgings Limited | 2.38% | 1.80% |
| UNO Minda Limited | 2.00% | 1.72% |
| Marico Limited | 1.85% | 1.71% |
| APL Apollo Tubes Limited | 1.66% | 1.68% |
| GE Vernova T&D India Limited | 1.42% | 2.38% |
| Aditya Birla Capital Limited | 2.13% | 1.36% |
| Bharti Hexacom Limited | 1.28% | 1.71% |
| Billionbrains Garage Ventures Ltd | 1.14% | 1.23% |
Top 10 holdings
Helios Mid Cap
- One 97 Communications Limited3.45%
- Apar Industries Limited2.75%
- Coforge Limited2.68%
- The Phoenix Mills Limited2.58%
- Sona BLW Precision Forgings Limited2.38%
- Motilal Oswal Financial Services Ltd.2.20%
- Piramal Finance Limited2.19%
- Nippon Life India Asset Management Limited2.13%
- Aditya Birla Capital Limited2.13%
- UNO Minda Limited2.00%
Union Midcap
- One 97 Communications Limited3.10%
- The Federal Bank Limited3.04%
- Multi Commodity Exchange of India Limited2.90%
- Max Financial Services Limited2.59%
- IPCA Laboratories Limited2.49%
- GE Vernova T&D India Limited2.38%
- Nippon Life India Asset Management Limited2.19%
- Fortis Healthcare Limited2.18%
- Bharat Heavy Electricals Limited2.12%
- Ajanta Pharma Limited2.08%
Sector exposure
| Helios Mid Cap | Union Midcap | |
|---|---|---|
| Auto Components | 11.01% | 9.84% |
| Capital Markets | 9.93% | 7.34% |
| Banks | 3.31% | 9.05% |
| Finance | 8.84% | 4.44% |
| Pharmaceuticals & Biotechnology | 6.45% | 8.55% |
| Electrical Equipment | 5.97% | 7.36% |
| Chemicals & Petrochemicals | 0.00% | 5.74% |
| Financial Technology (Fintech) | 5.64% | 3.51% |
| Retailing | 5.52% | 4.24% |
| Industrial Products | 2.48% | 5.37% |
| IT - Software | 2.68% | 4.81% |
| Consumer Durables | 1.55% | 4.77% |
| Textiles & Apparels | 4.43% | 1.06% |
| Healthcare Services | 4.37% | 2.68% |
Questions people ask
What is the difference between Helios Mid Cap and Union Midcap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +7.43% vs +6.05%; 3-year CAGR — vs +17.16%; 5-year CAGR — vs +14.45%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Helios Mid Cap and Union Midcap compare on risk?
Volatility (36 monthly returns, annualised) 18.67% vs 17.43%; Sharpe ratio 0.86 vs 0.61; Sortino ratio 1.44 vs 0.88; maximum drawdown −16.74% vs −21.26%; beta 0.98 vs 0.93.
How much do Helios Mid Cap and Union Midcap overlap?
By weight, 36.7% of the two portfolios is invested in the same companies; 29 stocks are held by both, the largest shared positions being One 97 Communications Limited, Nippon Life India Asset Management Limited, Coforge Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Helios Mid Cap and Union Midcap?
Helios Mid Cap: large cap 3.1%, mid cap 64.0%, small cap 28.1%. Union Midcap: large cap 15.6%, mid cap 66.5%, small cap 15.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.