COMPARE
Union Midcap Fund - Direct Plan - Growth Option vs WhiteOak Capital Mid Cap Fund Direct Plan Growth
Union Midcap Fund and WhiteOak Capital Mid Cap Fund are both in the Mid Cap Fund category, from Union Asset Management Company Private Limited and WhiteOak Capital Asset Management Limited respectively. WhiteOak Capital Mid Cap Fund has posted a higher 3-year rolling CAGR. WhiteOak Capital Mid Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
WhiteOak Capital Mid Cap Fund has the lower direct-plan expense ratio, by 0.16 percentage points.
| Union Midcap Fund - Direct Plan - Growth Option | WhiteOak Capital Mid Cap Fund Direct Plan Growth | |
|---|---|---|
| Category | Mid Cap Fund | Mid Cap Fund |
| AMC | Union Asset Management Company Private Limited | WhiteOak Capital Asset Management Limited |
| Benchmark | BSE 150 MidCap Index TRI | BSE 150 MidCap Index TRI |
| NAV | ₹53.37 (2026-10-28) | ₹21.997 (2026-10-28) |
| AUM | ₹1,847.738 Cr | ₹7,613.91 Cr |
| Expense Ratio (Direct) | 1.11% | 0.95% |
| Inception | 2020-03-02 | 2022-08-16 |
Returns
WhiteOak Capital Mid Cap Fund leads on 3-year rolling CAGR (26.7% vs Union Midcap Fund's 22.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Union Midcap Fund has been the more volatile of the two by standard deviation.
| Union Midcap Fund - Direct Plan - Growth Option | WhiteOak Capital Mid Cap Fund Direct Plan Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.36 | 0.68 |
| 3Y Alpha | 0.9639% | 5.9358% |
| 3Y Std Deviation | 16.636% | 15.9177% |
| 3Y Calmar Ratio | 0.62 | 0.92 |
Portfolio Analytics
Union Midcap Fund carries the higher portfolio YTM.
| Union Midcap Fund - Direct Plan - Growth Option | WhiteOak Capital Mid Cap Fund Direct Plan Growth | |
|---|---|---|
| P/E Ratio | 41.9769 | 31.0558 |
| P/B Ratio | 8.174 | - |
| Dividend Yield | 0.4843% | 0.7178% |
| Active Share | 62.49% | 61.36% |
| Portfolio Turnover | 88% | 240% |
| YTM | 5.3857% | 5.2995% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
WhiteOak Capital Mid Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund's 3-year rolling CAGR of 26.7% is higher than Union Midcap Fund's 22.9%. WhiteOak Capital Mid Cap Fund sits in the 100th 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, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund's direct-plan expense ratio is 0.16 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, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Union Midcap Fund has been more volatile than WhiteOak Capital Mid Cap 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 (0.36 for Union Midcap Fund vs 0.68 for WhiteOak Capital Mid Cap 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, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund has ₹7,614 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 has a higher yield to maturity (YTM), Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
Union Midcap Fund's portfolio YTM (5.3857%) is higher than WhiteOak Capital Mid Cap Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
Union Midcap Fund launched on 2020-03-02, making it older than WhiteOak Capital Mid Cap Fund (launched 2022-08-16). 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.