Canara Robeco Mid Cap Fund vs Union Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Mid Cap Fund and Union Midcap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, Canara Robeco Mid Cap Fund (Direct) returned 15.4% a year and Union Midcap Fund (Direct) returned 15.6% a year. Canara Robeco Mid Cap Fund charges 0.91% a year and Union Midcap Fund 1.08% (Direct plans). Their portfolios overlap 41.3%: they hold 32 of the same securities.
Canara Robeco Mid Cap Fund
Mid Cap
- 3 year return
- 15.4%
- Expense ratio
- 0.91%
- NAV
- ₹18.04
Which is better, Canara Robeco Mid Cap or Union Midcap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Midcap returned more over 3 years: 15.6% a year against 15.4%.
- Union Midcap returned more over 1 year: 0.7% against −2.4%.
- Canara Robeco Mid Cap costs less: 0.91% a year against 1.08% (Direct plans).
- Canara Robeco Mid Cap swung less over 3 years: a standard deviation of 16.3% a year against 16.8%.
- Canara Robeco Mid Cap fell less in its worst fall since 06-12-2022: −21.2% against −21.3%.
- Canara Robeco Mid Cap is the larger fund: ₹4,993 Cr against ₹1,906 Cr.
- Their portfolios overlap 41.3%: 32 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Canara Robeco Mid Cap Fund | Union Midcap Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Union Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹4,993 Cr (30-09-2026) | ₹1,906 Cr (30-09-2026) |
| NAV | ₹18.04 (Direct) | ₹53.40 (Direct) |
| Expense ratio (Direct) | 0.91% | 1.08% |
| Expense ratio (Regular) | 2.13% | 2.39% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Midcap 150 TRI | BSE Midcap 150 TRI |
| Launch date | 02-12-2022 | 23-03-2020 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Pranav Gokhale / Mr. Shridatta Bhandwaldar | Gaurav Chopra, Pratik Dharmshi |
| Exit load | In respect of each purchase / switch-in of units,1% - if Units are redeemed / switched-out within 365 days from the date of allotment. Nil – if redeemed / switched out after 365 days from the date of allotment. | Exit load of 1%, if redeemed within 15 days. |
Canara Robeco Mid Cap vs Union Midcap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Canara Robeco Mid Cap Fund (Direct) | −3.63% | −5.65% | +0.22% | −2.43% | +15.43% | -- | -- |
| Union Midcap Fund (Direct) | −2.89% | −4.59% | +1.33% | +0.66% | +15.60% | +13.79% | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Canara Robeco Mid Cap vs Union Midcap: Year-wise Returns
| Year | Canara Robeco Mid CapCanara Robeco Mid Cap | Union MidcapUnion Midcap | BSE 150 MidCap Index TRI |
|---|---|---|---|
| 2026to date | −0.17% | +1.41% | −4.99% |
| 2025 | +5.73% | +3.68% | +3.77% |
| 2024 | +28.98% | +30.50% | +26.80% |
| 2023 | +33.70% | +34.21% | +42.41% |
| 2022 | -- | −0.82% | +3.64% |
| 2021 | -- | +53.98% | +48.65% |
Canara Robeco Mid Cap vs Union Midcap: Rolling Returns
Every holding period of both funds, against BSE 150 MidCap Index TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 220 of them, one for each trading day from 08-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Canara Robeco Mid Cap Fund (Direct)
Union Midcap Fund (Direct)
BSE 150 MidCap Index TRI
to
Jan 2026Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco Mid Cap | 0.0 | 0.0 | 0.0 | 0.9 | 43.6 | 55.5 | 0.0 | 20.1% | 20.2% | 14.3% | 23.3% | 39% |
| Union Midcap | 0.0 | 0.0 | 0.0 | 1.4 | 45.0 | 53.6 | 0.0 | 20.2% | 20.2% | 14.2% | 23.9% | 44% |
| BSE 150 MidCap Index TRI | 0.0 | 0.0 | 0.0 | 12.7 | 30.9 | 55.9 | 0.5 | 20.0% | 20.5% | 12.4% | 25.0% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 150 MidCap Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 06-12-2022. Past returns do not promise future returns.
Canara Robeco Mid Cap vs Union Midcap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 06-12-2022 to 30-10-2026: 47 instalments, ₹4,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Canara Robeco Mid CapCanara Robeco Mid Cap Fund (Direct) | ₹4,70,000 | ₹5,84,600 | ₹1,14,600 | 11.2% |
| Union MidcapUnion Midcap Fund (Direct) | ₹4,70,000 | ₹5,92,720 | ₹1,22,720 | 11.9% |
Canara Robeco Mid CapCanara Robeco Mid Cap Fund (Direct)
Union MidcapUnion Midcap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Canara Robeco Mid Cap vs Union Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Mid Cap Fund (Direct) | Union Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.43% | +0.66% |
| Standard deviation | 16.46% | 16.64% |
| Sharpe ratio | -0.47 | -0.28 |
| Sortino ratio | -0.63 | -0.37 |
| Maximum drawdown | −13.6% (23-03-2026) | −12.1% (23-10-2026) |
| Beta | 0.98 | 0.99 |
| Alpha | +2.55% | +5.74% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Canara Robeco Mid Cap Fund (Direct) | Union Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.43% | +15.60% |
| Standard deviation | 16.28% | 16.83% |
| Sharpe ratio | 0.58 | 0.57 |
| Sortino ratio | 0.79 | 0.76 |
| Maximum drawdown | −21.2% (28-02-2025) | −21.3% (28-02-2025) |
| Beta | 0.92 | 0.96 |
| Alpha | +2.50% | +2.40% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Canara Robeco Mid Cap Fund (Direct) | Union Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.31% | +28.22% |
| Standard deviation | 14.89% | 16.03% |
| Sharpe ratio | 0.68 | 1.44 |
| Sortino ratio | 0.93 | 1.99 |
| Maximum drawdown | −21.2% (28-02-2025) | −21.3% (28-02-2025) |
| Beta | 0.89 | 0.89 |
| Alpha | +2.18% | +3.23% |
From daily NAVs, 06-12-2022 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Canara Robeco Mid Cap Fund (Direct)
Union Midcap Fund (Direct)
BSE 150 MidCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Mid Cap Fund (Direct) | −21.2% | 24-09-2024 | 28-02-2025 | 20-08-2025 | 6 months | −9.1% |
| Union Midcap Fund (Direct) | −21.3% | 23-09-2024 | 28-02-2025 | 20-10-2025 | 8 months | −9.3% |
| BSE 150 MidCap Index TRI | −21.8% | 24-09-2024 | 28-02-2025 | 10-07-2026 | 16 months | −10.6% |
From daily values since 06-12-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Mid Cap Fund (Direct)
Union Midcap Fund (Direct)
BSE 150 MidCap Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Canara Robeco Mid Cap Fund (Direct)
Union Midcap Fund (Direct)
BSE 150 MidCap Index TRI
Against BSE 150 MidCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Canara Robeco Mid Cap Fund (Direct) | 93% | 83% | 4.49% |
| Union Midcap Fund (Direct) | 99% | 92% | 4.85% |
From month-end values since 06-12-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Canara Robeco Mid Cap vs Union Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Mid Cap Fund, September 2026; Union Midcap Fund, September 2026
Holdings in common
- Overlap
- 41.3%
- Held by both
- 32
- Only in Canara Robeco Mid Cap
- 28
- Only in Union Midcap
- 45
| Security | % of Canara Robeco Mid Cap | % of Union Midcap |
|---|---|---|
| Multi Commodity Exchange Of India Ltd | 3.19% | 2.90% |
| One 97 Communications Ltd | 2.45% | 3.10% |
| Max Financial Services Ltd | 2.13% | 2.59% |
| Bharat Heavy Electricals Ltd | 2.68% | 2.12% |
| Phoenix Mills Ltd | 2.06% | 2.00% |
| Apar Industries Ltd | 1.96% | 1.87% |
| Coforge Ltd | 1.87% | 2.01% |
| Ge Vernova T&D India Ltd | 1.69% | 2.38% |
| Ajanta Pharma Ltd | 1.64% | 2.08% |
| Shriram Finance Ltd | 2.19% | 1.61% |
| Solar Industries India Ltd | 1.59% | 1.75% |
| Info Edge (India) Ltd | 1.57% | 1.76% |
| L&T Finance Ltd | 1.80% | 1.47% |
| SRF Ltd | 1.72% | 1.47% |
| RBL Bank Ltd | 1.76% | 1.42% |
| Prestige Estates Projects Ltd | 1.42% | 1.79% |
| Uno Minda Ltd | 1.34% | 1.72% |
| Dixon Technologies (India) Ltd | 1.33% | 1.37% |
| Billionbrains Garage Ventures Ltd | 1.77% | 1.23% |
| KEI Industries Ltd | 1.25% | 0.89% |
| Bharti Hexacom Ltd | 0.87% | 1.71% |
| Delhivery Ltd | 1.02% | 0.86% |
| Schaeffler India Ltd | 0.79% | 0.99% |
| Persistent Systems Ltd | 2.18% | 0.76% |
| Varun Beverages Ltd | 1.86% | 0.76% |
| Bharat Forge Ltd | 0.86% | 0.73% |
| Lenskart Solutions Ltd | 3.01% | 0.63% |
| J.K. Cement Ltd | 1.32% | 0.54% |
| Hindustan Petroleum Corporation Ltd | 1.81% | 0.43% |
| Vishal Mega Mart Ltd | 1.75% | 0.33% |
| Federal Bank Ltd | 0.32% | 3.04% |
| Swiggy Ltd | 1.48% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.3% means 41.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Canara Robeco Mid Cap Fund
| Security | % of fund |
|---|---|
| Global Health Ltd | 2.56% |
| Eternal Ltd | 2.43% |
| Premier Energies Ltd | 2.28% |
| Bank Of Maharashtra | 2.24% |
| Meesho Ltd | 2.20% |
Largest holdings only in Union Midcap Fund
| Security | % of fund |
|---|---|
| IPCA Laboratories Ltd. | 2.49% |
| Nippon Life India Asset Management Ltd. | 2.19% |
| Fortis Healthcare Ltd. | 2.18% |
| Mphasis Ltd. | 2.04% |
| Sona Blw Precision Forgings Ltd. | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Mid Cap | Union Midcap |
|---|---|---|
| Equity | 97.5% | 98.1% |
| Debt | 0.0% | 0.1% |
| Cash and others | 2.5% | 1.8% |
Market cap of stocks
| Market cap | Canara Robeco Mid Cap | Union Midcap |
|---|---|---|
| Large Cap | 17.1% | 15.6% |
| Mid Cap | 69.7% | 66.5% |
| Small Cap | 8.7% | 15.5% |
| Not on AMFI's list | 2.0% | 0.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Canara Robeco Mid Cap | Union Midcap |
|---|---|---|
| Retailing | 12.4% | 4.2% |
| Electrical Equipment | 10.1% | 7.4% |
| Auto Components | 3.9% | 9.8% |
| Banks | 5.7% | 9.1% |
| Pharmaceuticals & Biotechnology | 4.1% | 8.6% |
| Capital Markets | 8.5% | 7.3% |
| Chemicals & Petrochemicals | 5.6% | 5.7% |
| Healthcare Services | 4.2% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Mid Cap vs Union Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Mid Cap Fund | Union Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | 1.08% |
| Base expense ratio (Direct) | 0.55% | 0.66% |
| Total expense ratio (Regular) | 2.13% | 2.39% |
| Base expense ratio (Regular) | 1.61% | 1.78% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Canara Robeco Mid Cap with
Canara Robeco Mid Cap Fund vs Union Midcap Fund: Frequently Asked Questions
What is the difference between Canara Robeco Mid Cap Fund and Union Midcap Fund?
Both are Mid Cap funds, run by Canara Robeco Mutual Fund and Union Mutual Fund. Their portfolios overlap 41.3%. Canara Robeco Mid Cap Fund charges 0.91% a year and Union Midcap Fund 1.08%.
Which has given higher returns, Canara Robeco Mid Cap Fund or Union Midcap Fund?
Over 1 year: Canara Robeco Mid Cap Fund −2.43%, Union Midcap Fund +0.66%. Over 3 years: Canara Robeco Mid Cap Fund +15.43% a year, Union Midcap Fund +15.60% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Mid Cap Fund or Union Midcap Fund?
Canara Robeco Mid Cap Fund charges less: 0.91% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Mid Cap Fund and Union Midcap Fund overlap?
41.3%. They hold 32 of the same securities, the largest shared ones being MCX, PAYTM, MFSL. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Mid Cap Fund or Union Midcap Fund?
On SEBI's riskometer, Canara Robeco Mid Cap Fund is rated Very High and Union Midcap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.28% and 16.83% a year.
Which is better for SIP, Canara Robeco Mid Cap Fund or Union Midcap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,10,398 in Canara Robeco Mid Cap Fund (XIRR 6.7% a year) and ₹4,16,599 in Union Midcap Fund (XIRR 7.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Mid Cap Fund and Union Midcap Fund?
Yes. 41.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Canara Robeco Mid Cap Fund and Union Midcap Fund?
Canara Robeco Mid Cap Fund: Pranav Gokhale / Mr. Shridatta Bhandwaldar. Union Midcap Fund: Gaurav Chopra, Pratik Dharmshi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.