The Wealth Company Ethical Fund vs Union Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
The Wealth Company Ethical Fund is a Thematic fund and Union Large & Midcap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, The Wealth Company Ethical Fund (Direct) returned −9.4% and Union Large & Midcap Fund (Direct) returned −0.7%. The Wealth Company Ethical Fund charges 1.15% a year and Union Large & Midcap Fund 1.32% (Direct plans). Their portfolios overlap 20.8%: they hold 20 of the same securities.
The Wealth Company Ethical Fund
Thematic
- 1 year return
- −9.4%
- Expense ratio
- 1.15%
- NAV
- ₹9.08
Union Large & Midcap Fund
Large & Mid Cap
- 1 year return
- −0.7%
- Expense ratio
- 1.32%
- NAV
- ₹28.14
Which is better, The Wealth Company Ethical or Union Large & 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 Large & Midcap returned more over 1 year: −0.7% against −9.4%.
- The Wealth Company Ethical costs less: 1.15% a year against 1.32% (Direct plans).
- Union Large & Midcap fell less in its worst fall since 17-10-2025: −12.6% against −14.7%.
- Union Large & Midcap holds more in large companies: 44.0% of the fund in large caps against 24.3%.
- Union Large & Midcap is the larger fund: ₹969 Cr against ₹39 Cr.
- Their portfolios overlap 20.8%: 20 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 | The Wealth Company Ethical Fund | Union Large & Midcap Fund |
|---|---|---|
| Fund house | The Wealth Company Mutual Fund | Union Mutual Fund |
| Category | Thematic | Large & Mid Cap |
| AUM | ₹39 Cr (30-09-2026) | ₹969 Cr (30-09-2026) |
| NAV | ₹9.08 (Direct) | ₹28.14 (Direct) |
| Expense ratio (Direct) | 1.15% | 1.32% |
| Expense ratio (Regular) | 2.76% | 2.53% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 Shariah TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 14-10-2025 | 06-12-2019 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aparna Shanker, Saloni Kapadia | Vinod Malviya, Pratik Dharmshi |
| Exit load | 1% - If redeemed/switched out within 30 days from the date of allotment and Nil - if redeemed/switched out after 30 days from the date of allotment. | Exit load of 1%, if redeemed within 15 days. |
The Wealth Company Ethical vs Union Large & 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 |
|---|---|---|---|---|---|---|---|
| The Wealth Company Ethical Fund (Direct) | −3.99% | −7.72% | −4.58% | −9.45% | -- | -- | -- |
| Union Large & Midcap Fund (Direct) | −1.54% | −2.90% | +2.96% | −0.74% | +12.37% | +10.31% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | -- |
Category average: the average of the 235 Thematic funds and the 36 Large & Mid Cap funds, same plan type.
The Wealth Company Ethical vs Union Large & Midcap: Year-wise Returns
| Year | The Wealth Company EthicalThe Wealth Company Ethical | Union Large & MidcapUnion Large & Midcap |
|---|---|---|
| 2026to date | −8.29% | −0.07% |
| 2025 | -- | +3.57% |
| 2024 | -- | +22.26% |
| 2023 | -- | +28.33% |
| 2022 | -- | −1.87% |
| 2021 | -- | +40.05% |
The Wealth Company Ethical vs Union Large & Midcap: Rolling Returns
Every holding period of both funds, against Nifty500 Shariah TRI, the benchmark of The Wealth Company Ethical Fund
The Wealth Company Ethical vs Union Large & 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 17-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| The Wealth Company EthicalThe Wealth Company Ethical Fund (Direct) | ₹1,30,000 | ₹1,21,795 | −₹8,205 | −10.8% |
| Union Large & MidcapUnion Large & Midcap Fund (Direct) | ₹1,30,000 | ₹1,30,922 | ₹922 | 1.2% |
The Wealth Company EthicalThe Wealth Company Ethical Fund (Direct)
Union Large & MidcapUnion Large & 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.
The Wealth Company Ethical vs Union Large & Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | The Wealth Company Ethical Fund (Direct) | Union Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.45% | −0.74% |
| Standard deviation | 14.84% | 15.51% |
| Sharpe ratio | -0.99 | -0.39 |
| Sortino ratio | -1.29 | -0.52 |
| Maximum drawdown | −14.5% (23-03-2026) | −12.6% (30-03-2026) |
| Beta | 1.03 | 1.01 |
| Alpha | −2.12% | +5.90% |
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 | The Wealth Company Ethical Fund (Direct) | Union Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.97% | +16.18% |
| Standard deviation | 14.60% | 17.07% |
| Sharpe ratio | -0.98 | 0.65 |
| Sortino ratio | -1.27 | 0.85 |
| Maximum drawdown | −14.7% (23-03-2026) | −35.6% (23-03-2020) |
| Beta | 1.02 | 0.96 |
| Alpha | −3.17% | +0.71% |
From daily NAVs, 17-10-2025 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.
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.
The Wealth Company Ethical Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Shariah TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| The Wealth Company Ethical Fund (Direct) | −14.7% | 29-10-2025 | 23-03-2026 | 04-08-2026 | 4 months | −10.4% |
| Union Large & Midcap Fund (Direct) | −12.6% | 05-01-2026 | 30-03-2026 | 18-06-2026 | 3 months | −6.6% |
| Nifty500 Shariah TRI | −14.7% | 07-01-2026 | 23-03-2026 | Not yet | -- | −8.4% |
From daily values since 17-10-2025, 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.
The Wealth Company Ethical Fund (Direct)
Union Large & Midcap Fund (Direct)
Nifty500 Shariah TRI
Against Nifty500 Shariah TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| The Wealth Company Ethical Fund (Direct) | 68% | 88% | 5.60% |
| Union Large & Midcap Fund (Direct) | 90% | 62% | 7.85% |
From month-end values since 17-10-2025. 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.
The Wealth Company Ethical vs Union Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: The Wealth Company Ethical Fund, September 2026; Union Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 20.8%
- Held by both
- 20
- Only in The Wealth Company Ethical
- 32
- Only in Union Large & Midcap
- 61
| Security | % of The Wealth Company Ethical | % of Union Large & Midcap |
|---|---|---|
| Shriram Finance Limited | 2.00% | 2.00% |
| UNO Minda Limited | 1.78% | 1.79% |
| Jindal Steel Limited | 1.73% | 2.01% |
| MphasiS Limited | 1.37% | 1.44% |
| Marico Limited | 2.90% | 1.32% |
| APAR INDUSTRIES LTD | 2.65% | 1.30% |
| GE Vernova T&D India Limited | 2.99% | 1.21% |
| State Bank of India | 2.06% | 1.19% |
| Ujjivan Small Finance Bank Limited | 1.71% | 1.17% |
| GABRIEL INDIA LIMITED | 1.70% | 1.05% |
| Cummins India Limited | 2.84% | 0.98% |
| Dixon Technologies (India) Limited | 2.26% | 0.95% |
| Amber Enterprises India Limited | 2.88% | 0.90% |
| Tech Mahindra Limited | 2.85% | 0.79% |
| PERSISTENT SYSTEMS LTD | 2.01% | 0.63% |
| BSE Ltd | 1.18% | 0.58% |
| Coforge Limited | 2.84% | 0.51% |
| Infosys Limited | 2.53% | 0.51% |
| Hindustan Copper Limited | 1.80% | 0.44% |
| Hindustan Zinc Limited | 0.58% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.8% means 20.8% 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 The Wealth Company Ethical Fund
| Security | % of fund |
|---|---|
| Jyoti Cnc Automation Ltd | 3.96% |
| Netweb Technologies India Limited | 3.49% |
| Redington Limited | 2.90% |
| Tata Consultancy Services Limited | 2.87% |
| Vishal Mega Mart Limited | 2.64% |
Largest holdings only in Union Large & Midcap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 4.84% |
| HDFC Bank Ltd. | 2.86% |
| INDO-MIM Ltd. | 2.64% |
| One 97 Communications Ltd. | 2.49% |
| Bharti Airtel Ltd. | 2.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | The Wealth Company Ethical | Union Large & Midcap |
|---|---|---|
| Equity | 93.6% | 98.2% |
| Debt | 0.0% | 0.1% |
| Cash and others | 6.4% | 1.7% |
Market cap of stocks
| Market cap | The Wealth Company Ethical | Union Large & Midcap |
|---|---|---|
| Large Cap | 24.3% | 44.0% |
| Mid Cap | 32.9% | 38.6% |
| Small Cap | 35.1% | 12.5% |
| Not on AMFI's list | 1.2% | 3.1% |
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 | The Wealth Company Ethical | Union Large & Midcap |
|---|---|---|
| Banks | 3.8% | 14.6% |
| IT - Software | 14.5% | 4.8% |
| Auto Components | 11.6% | 6.2% |
| Pharmaceuticals & Biotechnology | 0.0% | 7.9% |
| Electrical Equipment | 7.9% | 6.7% |
| Consumer Durables | 7.4% | 3.4% |
| Industrial Manufacturing | 6.1% | 2.6% |
| Industrial Products | 5.7% | 4.3% |
| Chemicals & Petrochemicals | 0.0% | 5.4% |
| Retailing | 5.1% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
The Wealth Company Ethical vs Union Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | The Wealth Company Ethical Fund | Union Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 1.32% |
| Base expense ratio (Direct) | 0.61% | 0.88% |
| Total expense ratio (Regular) | 2.76% | 2.53% |
| Base expense ratio (Regular) | 2.01% | 1.94% |
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 The Wealth Company Ethical with
The Wealth Company Ethical Fund vs Union Large & Midcap Fund: Frequently Asked Questions
What is the difference between The Wealth Company Ethical Fund and Union Large & Midcap Fund?
The Wealth Company Ethical Fund is a Thematic fund, Union Large & Midcap Fund is a Large & Mid Cap fund, run by The Wealth Company Mutual Fund and Union Mutual Fund. Their portfolios overlap 20.8%. The Wealth Company Ethical Fund charges 1.15% a year and Union Large & Midcap Fund 1.32%.
Which has given higher returns, The Wealth Company Ethical Fund or Union Large & Midcap Fund?
Over 1 year: The Wealth Company Ethical Fund −9.45%, Union Large & Midcap Fund −0.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, The Wealth Company Ethical Fund or Union Large & Midcap Fund?
The Wealth Company Ethical Fund charges less: 1.15% a year against 1.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do The Wealth Company Ethical Fund and Union Large & Midcap Fund overlap?
20.8%. They hold 20 of the same securities, the largest shared ones being SHRIRAMFIN, UNOMINDA, JINDALSTEL. From each fund's latest monthly portfolio.
Which is riskier, The Wealth Company Ethical Fund or Union Large & Midcap Fund?
On SEBI's riskometer, The Wealth Company Ethical Fund is rated Very High and Union Large & Midcap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.84% and 15.51% a year.
Can I invest in both The Wealth Company Ethical Fund and Union Large & Midcap Fund?
Yes. 20.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages The Wealth Company Ethical Fund and Union Large & Midcap Fund?
The Wealth Company Ethical Fund: Aparna Shanker, Saloni Kapadia. Union Large & Midcap Fund: Vinod Malviya, 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.