COMPARE
Edelweiss Mid Cap Fund - Direct Plan - Growth Option vs Union Midcap Fund - Direct Plan - Growth Option
Edelweiss Mid Cap Fund and Union Midcap Fund are both in the Mid Cap Fund category, from Edelweiss Asset Management Limited and Union Asset Management Company Private Limited respectively. Edelweiss Mid Cap Fund has posted a higher 3-year rolling CAGR. Edelweiss Mid Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Edelweiss Mid Cap Fund has the lower direct-plan expense ratio, by 0.43 percentage points.
| Edelweiss Mid Cap Fund - Direct Plan - Growth Option | Union Midcap Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Mid Cap Fund | Mid Cap Fund |
| AMC | Edelweiss Asset Management Limited | Union Asset Management Company Private Limited |
| Benchmark | Nifty Midcap 150 TRI | BSE 150 MidCap Index TRI |
| NAV | ₹119.089 (2026-10-28) | ₹53.37 (2026-10-28) |
| AUM | ₹18,551.635 Cr | ₹1,847.738 Cr |
| Expense Ratio (Direct) | 0.68% | 1.11% |
| Inception | 2007-11-09 | 2020-03-02 |
Returns
Edelweiss Mid Cap Fund leads on 3-year rolling CAGR (26.1% vs Union Midcap Fund's 22.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Edelweiss Mid Cap Fund has been the more volatile of the two by standard deviation.
| Edelweiss Mid Cap Fund - Direct Plan - Growth Option | Union Midcap Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.59 | 0.36 |
| 3Y Alpha | 5.9748% | 0.9639% |
| 3Y Std Deviation | 16.7367% | 16.636% |
| 3Y Calmar Ratio | 0.84 | 0.62 |
Portfolio Analytics
Union Midcap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Edelweiss Mid Cap Fund - Direct Plan - Growth Option | Union Midcap Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 33.4548 | 41.9769 |
| P/B Ratio | 9.9087 | 8.174 |
| Dividend Yield | 0.7032% | 0.4843% |
| Active Share | 48.26% | 62.49% |
| Portfolio Turnover | 21% | 88% |
| YTM | - | 5.3857% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Edelweiss Mid Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Edelweiss Mid Cap Fund or Union Midcap Fund?
Edelweiss Mid Cap Fund's 3-year rolling CAGR of 26.1% is higher than Union Midcap Fund's 22.9%. Edelweiss Mid Cap Fund sits in the 97th percentile of its category on this metric, versus the 69th percentile for Union Midcap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Edelweiss Mid Cap Fund or Union Midcap Fund?
Edelweiss Mid Cap Fund's direct-plan expense ratio is 0.43 percentage points lower than Union Midcap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Edelweiss Mid Cap Fund or Union Midcap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Edelweiss Mid Cap Fund has been more volatile than Union Midcap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.59 for Edelweiss Mid Cap Fund vs 0.36 for Union Midcap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Edelweiss Mid Cap Fund or Union Midcap Fund?
Edelweiss Mid Cap Fund has ₹18,552 Cr in assets under management, versus ₹1,848 Cr for Union Midcap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Edelweiss Mid Cap Fund or Union Midcap Fund?
Edelweiss Mid Cap Fund launched on 2007-11-09, making it older than Union Midcap Fund (launched 2020-03-02). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.