JM Mid Cap Fund vs Union Midcap Fund
JM Mid Cap Fund and Union Midcap Fund are both Mid Cap funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +18.16% vs +16.54%, 5-year CAGR — vs +14.08%, volatility 18.78% vs 17.32%, maximum drawdown −22.54% vs −21.26%.
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
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Union Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹21.6666 | ₹55.3200 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 25 Nov 2022 | 30 Mar 2020 |
| Track record | 3.9 yrs | 6.6 yrs |
| Fund size (AUM) | — | ₹1,906 Cr |
| Securities held | — | 77 |
| Portfolio as of | Not disclosed yet | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| JM Mid Cap | Union Midcap | |
|---|---|---|
| 1 month | −0.29% | +0.99% |
| 3 months | −4.53% | −3.89% |
| 6 months | +3.82% | +1.99% |
| 1 year | +5.48% | +4.34% |
| 3 years (CAGR) | +18.16% | +16.54% |
| 5 years (CAGR) | — | +14.08% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +21.54% | +28.85% |
| SIP return (XIRR, 5 years) ⓘ | — | +14.74% |
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
| JM Mid Cap | Union Midcap | |
|---|---|---|
| 2026 (year to date) | +7.94% | +5.05% |
| 2025 | −1.16% | +3.68% |
| 2024 | +37.77% | +30.50% |
| 2023 | +47.33% | +34.21% |
| 2022 | — | −0.82% |
| 2021 | — | +53.98% |
Risk
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.78% | 17.32% |
| Downside volatility ⓘ | 12.10% | 12.15% |
| Sharpe ratio ⓘ | 0.62 | 0.58 |
| Sortino ratio ⓘ | 0.96 | 0.83 |
| Maximum drawdown ⓘ | −22.54% | −21.26% |
| Recovery from that fall | 16 months | 8 months |
| Current fall from peak | −6.33% | −6.01% |
| Rolling 1-year return: worst | −6.42% | −5.58% |
| Rolling 1-year return: median | +11.77% | +17.42% |
| Rolling 1-year return: best | +75.97% | +107.80% |
| Share of 1-year periods with a loss | 15.03% | 3.48% |
Against each fund's benchmark
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Beta ⓘ | 0.99 | 0.93 |
| Alpha (Jensen's, annualised) ⓘ | +2.47% | +1.33% |
| R² ⓘ | 87.92 | 91.85 |
| Upside capture | 108.45% | 98.73% |
| Downside capture | 102.09% | 93.79% |
| Tracking error | 6.78% | 5.26% |
| Information ratio | 0.38 | 0.17 |
| Treynor ratio | 10.90 | 9.87 |
Portfolio
JM Mid Cap Fund has no usable portfolio disclosure on file yet, so portfolio comparisons are shown only where available.
Asset mix
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Equity | — | 98.10% |
| Cash & equivalents | — | 1.83% |
| Debt | — | 0.07% |
Market-cap split (share of fund assets)
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Large Cap | — | 15.55% |
| Mid Cap | — | 66.53% |
| Small Cap | — | 15.52% |
| Unclassified | — | 0.50% |
Concentration
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Top 10 holdings | — | 25.07% |
| Effective number of stocks ⓘ | — | 61.5 |
| Securities held | — | 77 |
Top 10 holdings
JM Mid Cap
Not disclosed yet.
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
| JM Mid Cap | Union Midcap | |
|---|---|---|
| Auto Components | — | 9.84% |
| Banks | — | 9.05% |
| Pharmaceuticals & Biotechnology | — | 8.55% |
| Electrical Equipment | — | 7.36% |
| Capital Markets | — | 7.34% |
| Chemicals & Petrochemicals | — | 5.74% |
| Industrial Products | — | 5.37% |
| IT - Software | — | 4.81% |
| Consumer Durables | — | 4.77% |
| Finance | — | 4.44% |
| Retailing | — | 4.24% |
| Realty | — | 3.79% |
| Financial Technology (Fintech) | — | 3.51% |
| Insurance | — | 3.07% |
Questions people ask
What is the difference between JM Mid Cap and Union Midcap returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +5.48% vs +4.34%; 3-year CAGR +18.16% vs +16.54%; 5-year CAGR — vs +14.08%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do JM Mid Cap and Union Midcap compare on risk?
Volatility (36 monthly returns, annualised) 18.78% vs 17.32%; Sharpe ratio 0.62 vs 0.58; Sortino ratio 0.96 vs 0.83; maximum drawdown −22.54% vs −21.26%; beta 0.99 vs 0.93.
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.
More comparisons
JM Mid Cap vs
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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 4 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.