SBI MIDCAP FUND vs Union Midcap Fund
SBI MIDCAP FUND and Union Midcap Fund are both Mid Cap funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.74% vs +16.54%, 5-year CAGR +11.30% vs +14.08%, volatility 16.10% vs 17.32%, maximum drawdown −43.05% vs −21.26%. Their portfolios overlap by 23.6% (20 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
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Fund house | SBI Mutual Fund | Union Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹258.4459 | ₹55.3200 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 30 Mar 2020 |
| Track record | 13.8 yrs | 6.6 yrs |
| Fund size (AUM) | ₹23,282 Cr | ₹1,906 Cr |
| Securities held | 58 | 77 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| 1 month | −1.10% | +0.99% |
| 3 months | −6.66% | −3.89% |
| 6 months | −4.06% | +1.99% |
| 1 year | −1.54% | +4.34% |
| 3 years (CAGR) | +9.74% | +16.54% |
| 5 years (CAGR) | +11.30% | +14.08% |
| 7 years (CAGR) | +19.20% | — |
| 10 years (CAGR) | +13.38% | — |
| Since launch (CAGR) | +17.42% | +28.85% |
| SIP return (XIRR, 5 years) ⓘ | +9.17% | +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
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| 2026 (year to date) | −2.67% | +5.05% |
| 2025 | +1.20% | +3.68% |
| 2024 | +21.41% | +30.50% |
| 2023 | +35.67% | +34.21% |
| 2022 | +3.95% | −0.82% |
| 2021 | +53.63% | +53.98% |
Risk
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.10% | 17.32% |
| Downside volatility ⓘ | 11.55% | 12.15% |
| Sharpe ratio ⓘ | 0.20 | 0.58 |
| Sortino ratio ⓘ | 0.28 | 0.83 |
| Maximum drawdown ⓘ | −43.05% | −21.26% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −7.51% | −6.01% |
| Rolling 1-year return: worst | −31.74% | −5.58% |
| Rolling 1-year return: median | +15.36% | +17.42% |
| Rolling 1-year return: best | +117.47% | +107.80% |
| Share of 1-year periods with a loss | 16.86% | 3.48% |
Against each fund's benchmark
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Beta ⓘ | 0.85 | 0.93 |
| Alpha (Jensen's, annualised) ⓘ | −4.37% | +1.33% |
| R² ⓘ | 91.65 | 91.85 |
| Upside capture | 77.82% | 98.73% |
| Downside capture | 90.72% | 93.79% |
| Tracking error | 5.45% | 5.26% |
| Information ratio | -1.09 | 0.17 |
| Treynor ratio | 2.75 | 9.87 |
Portfolio
Asset mix
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Equity | 97.04% | 98.10% |
| Cash & equivalents | 2.19% | 1.83% |
| Debt | 0.77% | 0.07% |
Market-cap split (share of fund assets)
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Large Cap | 12.37% | 15.55% |
| Mid Cap | 67.09% | 66.53% |
| Small Cap | 17.58% | 15.52% |
| Unclassified | 0.00% | 0.50% |
Concentration
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Top 10 holdings | 28.27% | 25.07% |
| Effective number of stocks ⓘ | 50.2 | 61.5 |
| Securities held | 58 | 77 |
Portfolio overlap: 23.6%
20 companies are held by both funds; by weight, 23.6% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | SBI MIDCAP | Union Midcap |
|---|---|---|
| Multi Commodity Exchange of India Limited | 3.12% | 2.90% |
| The Federal Bank Limited | 2.45% | 3.04% |
| Bharat Heavy Electricals Limited | 2.68% | 2.12% |
| The Phoenix Mills Limited | 1.66% | 2.00% |
| Solar Industries India Limited | 1.52% | 1.75% |
| SRF Ltd. | 2.87% | 1.47% |
| JSW Infrastructure Ltd | 1.33% | 1.68% |
| Billionbrains Garage Ventures Ltd | 1.10% | 1.23% |
| JSW Energy Limited | 1.01% | 1.74% |
| Schaeffler India Ltd. | 1.51% | 0.99% |
| One 97 Communications Limited | 0.99% | 3.10% |
| AIA Engineering Limited | 1.16% | 0.92% |
| Fortis Healthcare Limited | 0.84% | 2.18% |
| Berger Paints (I) Limited | 2.23% | 0.80% |
| Grindwell Norton Ltd. | 2.14% | 0.80% |
Top 10 holdings
SBI MIDCAP
- Torrent Power Ltd.3.48%
- Multi Commodity Exchange of India Limited3.12%
- Supreme Industries Limited2.96%
- CRISIL Limited2.87%
- SRF Ltd.2.87%
- ICICI Lombard General Insurance Company Limited2.73%
- Bharat Heavy Electricals Limited2.68%
- Sundaram Finance Limited2.61%
- Biocon Ltd.2.48%
- FSN E-Commerce Ventures Limited2.47%
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
| SBI MIDCAP | Union Midcap | |
|---|---|---|
| Auto Components | 7.49% | 9.84% |
| Pharmaceuticals & Biotechnology | 9.48% | 8.55% |
| Banks | 2.45% | 9.05% |
| Finance | 8.44% | 4.44% |
| Industrial Products | 7.85% | 5.37% |
| Electrical Equipment | 5.87% | 7.36% |
| Capital Markets | 5.81% | 7.34% |
| Retailing | 6.75% | 4.24% |
| Power | 6.18% | 1.74% |
| Insurance | 6.09% | 3.07% |
| Chemicals & Petrochemicals | 4.39% | 5.74% |
| Cement & Cement Products | 5.43% | 0.54% |
| IT - Software | 0.00% | 4.81% |
| Consumer Durables | 2.23% | 4.77% |
Questions people ask
What is the difference between SBI MIDCAP and Union Midcap returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return −1.54% vs +4.34%; 3-year CAGR +9.74% vs +16.54%; 5-year CAGR +11.30% vs +14.08%; 10-year CAGR +13.38% vs —. Past returns do not indicate future returns.
How do SBI MIDCAP and Union Midcap compare on risk?
Volatility (36 monthly returns, annualised) 16.10% vs 17.32%; Sharpe ratio 0.20 vs 0.58; Sortino ratio 0.28 vs 0.83; maximum drawdown −43.05% vs −21.26%; beta 0.85 vs 0.93.
How much do SBI MIDCAP and Union Midcap overlap?
By weight, 23.6% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being Multi Commodity Exchange of India Limited, The Federal Bank Limited, Bharat Heavy Electricals Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of SBI MIDCAP and Union Midcap?
SBI MIDCAP: large cap 12.4%, mid cap 67.1%, small cap 17.6%. 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.
More comparisons
SBI MIDCAP 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.