Union Midcap Fund vs WhiteOak Capital Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Midcap Fund and WhiteOak Capital Mid Cap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, Union Midcap Fund (Direct) returned 15.6% a year and WhiteOak Capital Mid Cap Fund (Direct) returned 20.4% a year. Union Midcap Fund charges 1.08% a year and WhiteOak Capital Mid Cap Fund 0.93% (Direct plans). Their portfolios overlap 34.8%: they hold 38 of the same securities.
WhiteOak Capital Mid Cap Fund
Mid Cap
- 3 year return
- 20.4%
- Expense ratio
- 0.93%
- NAV
- ₹21.98
Which is better, Union Midcap or WhiteOak Capital Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- WhiteOak Capital Mid Cap returned more over 3 years: 20.4% a year against 15.6%.
- WhiteOak Capital Mid Cap returned more over 1 year: 3.6% against 0.7%.
- WhiteOak Capital Mid Cap costs less: 0.93% a year against 1.08% (Direct plans).
- WhiteOak Capital Mid Cap swung less over 3 years: a standard deviation of 15.8% a year against 16.8%.
- WhiteOak Capital Mid Cap fell less in its worst fall since 08-09-2022: −19.3% against −21.3%.
- Union Midcap holds more in large companies: 15.6% of the fund in large caps against 4.7%.
- WhiteOak Capital Mid Cap is the larger fund: ₹7,540 Cr against ₹1,906 Cr.
- Their portfolios overlap 34.8%: 38 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 | Union Midcap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Fund house | Union Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹1,906 Cr (30-09-2026) | ₹7,540 Cr (30-09-2026) |
| NAV | ₹53.40 (Direct) | ₹21.98 (Direct) |
| Expense ratio (Direct) | 1.08% | 0.93% |
| Expense ratio (Regular) | 2.39% | 2.24% |
| Riskometer | Very High | Very High |
| Benchmark | BSE Midcap 150 TRI | BSE Midcap 150 TRI |
| Launch date | 23-03-2020 | 07-09-2022 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Gaurav Chopra, Pratik Dharmshi | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Exit load of 1%, if redeemed within 15 days. | Nil |
Union Midcap vs WhiteOak Capital Mid Cap: 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 |
|---|---|---|---|---|---|---|---|
| Union Midcap Fund (Direct) | −2.89% | −4.59% | +1.33% | +0.66% | +15.60% | +13.79% | -- |
| WhiteOak Capital Mid Cap Fund (Direct) | −2.15% | −4.73% | +4.05% | +3.63% | +20.42% | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Union Midcap vs WhiteOak Capital Mid Cap: Year-wise Returns
| Year | Union MidcapUnion Midcap | WhiteOak Capital Mid CapWhiteOak Capital Mid Cap | BSE 150 MidCap Index TRI |
|---|---|---|---|
| 2026to date | +1.41% | +3.98% | −4.99% |
| 2025 | +3.68% | +6.68% | +3.77% |
| 2024 | +30.50% | +35.48% | +26.80% |
| 2023 | +34.21% | +43.99% | +42.41% |
| 2022 | −0.82% | -- | +3.64% |
| 2021 | +53.98% | -- | +48.65% |
Union Midcap vs WhiteOak Capital Mid Cap: 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, 281 of them, one for each trading day from 08-09-2025 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.
Union Midcap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
BSE 150 MidCap Index TRI
to
Oct 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Midcap | 0.0 | 0.0 | 0.0 | 1.1 | 40.2 | 58.7 | 0.0 | 20.3% | 20.5% | 14.2% | 23.9% | 35% |
| WhiteOak Capital Mid Cap | 0.0 | 0.0 | 0.0 | 0.0 | 1.8 | 30.2 | 68.0 | 25.8% | 26.4% | 19.1% | 29.6% | 100% |
| BSE 150 MidCap Index TRI | 0.0 | 0.0 | 0.0 | 10.0 | 24.2 | 65.5 | 0.4 | 20.7% | 21.8% | 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 08-09-2022. Past returns do not promise future returns.
Union Midcap vs WhiteOak Capital Mid Cap: 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 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union MidcapUnion Midcap Fund (Direct) | ₹5,00,000 | ₹6,46,516 | ₹1,46,516 | 12.4% |
| WhiteOak Capital Mid CapWhiteOak Capital Mid Cap Fund (Direct) | ₹5,00,000 | ₹7,14,115 | ₹2,14,115 | 17.3% |
Union MidcapUnion Midcap Fund (Direct)
WhiteOak Capital Mid CapWhiteOak Capital Mid Cap 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.
Union Midcap vs WhiteOak Capital Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Union Midcap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.66% | +3.63% |
| Standard deviation | 16.64% | 15.20% |
| Sharpe ratio | -0.28 | -0.11 |
| Sortino ratio | -0.37 | -0.15 |
| Maximum drawdown | −12.1% (23-10-2026) | −14.0% (23-03-2026) |
| Beta | 0.99 | 0.90 |
| Alpha | +5.74% | +7.82% |
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 | Union Midcap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.60% | +20.42% |
| Standard deviation | 16.83% | 15.85% |
| Sharpe ratio | 0.57 | 0.91 |
| Sortino ratio | 0.76 | 1.24 |
| Maximum drawdown | −21.3% (28-02-2025) | −19.3% (07-04-2025) |
| Beta | 0.96 | 0.90 |
| Alpha | +2.40% | +7.68% |
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 | Union Midcap Fund (Direct) | WhiteOak Capital Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +28.22% | +20.72% |
| Standard deviation | 16.03% | 14.65% |
| Sharpe ratio | 1.44 | 0.99 |
| Sortino ratio | 1.99 | 1.36 |
| Maximum drawdown | −21.3% (28-02-2025) | −19.3% (07-04-2025) |
| Beta | 0.89 | 0.89 |
| Alpha | +3.23% | +6.96% |
From daily NAVs, 30-03-2020 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.
Union Midcap Fund (Direct)
WhiteOak Capital Mid Cap 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 |
|---|---|---|---|---|---|---|
| Union Midcap Fund (Direct) | −21.3% | 23-09-2024 | 28-02-2025 | 20-10-2025 | 8 months | −9.3% |
| WhiteOak Capital Mid Cap Fund (Direct) | −19.3% | 16-12-2024 | 07-04-2025 | 30-06-2025 | 3 months | −8.2% |
| BSE 150 MidCap Index TRI | −21.8% | 24-09-2024 | 28-02-2025 | 10-07-2026 | 16 months | −10.6% |
From daily values since 08-09-2022, 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.
Union Midcap Fund (Direct)
WhiteOak Capital Mid Cap 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.
Union Midcap Fund (Direct)
WhiteOak Capital Mid Cap Fund (Direct)
BSE 150 MidCap Index TRI
Against BSE 150 MidCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Union Midcap Fund (Direct) | 95% | 94% | 5.00% |
| WhiteOak Capital Mid Cap Fund (Direct) | 108% | 87% | 4.34% |
From month-end values since 08-09-2022. 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.
Union Midcap vs WhiteOak Capital Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Union Midcap Fund, September 2026; WhiteOak Capital Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 34.8%
- Held by both
- 38
- Only in Union Midcap
- 39
- Only in WhiteOak Capital Mid Cap
- 111
| Security | % of Union Midcap | % of WhiteOak Capital Mid Cap |
|---|---|---|
| The Federal Bank Ltd. | 3.04% | 2.50% |
| Max Financial Services Ltd. | 2.59% | 2.48% |
| Coforge Ltd. | 2.01% | 2.73% |
| The Phoenix Mills Ltd. | 2.00% | 1.95% |
| Bharat Heavy Electricals Ltd. | 2.12% | 1.86% |
| Info Edge (India) Ltd. | 1.76% | 1.87% |
| Bharti Hexacom Ltd. | 1.71% | 2.78% |
| Fortis Healthcare Ltd. | 2.18% | 1.58% |
| Marico Ltd. | 1.71% | 1.45% |
| IPCA Laboratories Ltd. | 2.49% | 1.33% |
| Ajanta Pharma Ltd. | 2.08% | 1.32% |
| Sona Blw Precision Forgings Ltd. | 1.80% | 1.30% |
| Multi Commodity Exchange of India Ltd. | 2.90% | 1.07% |
| JSW Infrastructure Ltd. | 1.68% | 0.94% |
| AIA Engineering Ltd. | 0.92% | 1.12% |
| Tube Investments of India Ltd. | 1.22% | 0.89% |
| KEI Industries Ltd. | 0.89% | 1.22% |
| Berger Paints India Ltd. | 0.80% | 1.39% |
| Persistent Systems Ltd. | 0.76% | 1.01% |
| GE Vernova T&D India Ltd. | 2.38% | 0.73% |
| Lenskart Solutions Ltd. | 0.63% | 1.66% |
| One 97 Communications Ltd. | 3.10% | 0.60% |
| Cummins India Ltd. | 1.08% | 0.54% |
| Sai Life Sciences Ltd. | 1.49% | 0.50% |
| Billionbrains Garage Ventures Ltd. | 1.23% | 0.49% |
| FSN E-Commerce Ventures Ltd. | 0.43% | 0.87% |
| Hindustan Petroleum Corporation Ltd. | 0.43% | 0.53% |
| Aditya Birla Capital Ltd. | 1.36% | 0.42% |
| Acutaas Chemicals Ltd. | 1.00% | 0.42% |
| PB Fintech Ltd. | 0.41% | 1.18% |
| Vishal Mega Mart Ltd. | 0.33% | 1.96% |
| Endurance Technologies Ltd. | 1.05% | 0.32% |
| CarTrade Tech Ltd. | 0.86% | 0.31% |
| Navin Fluorine International Ltd. | 0.29% | 0.76% |
| AU Small Finance Bank Ltd. | 0.87% | 0.15% |
| Ujjivan Small Finance Bank Ltd. | 1.62% | 0.13% |
| Aether Industries Ltd. | 1.18% | 0.11% |
| Nippon Life India Asset Management Ltd. | 2.19% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.8% means 34.8% 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 Union Midcap Fund
| Security | % of fund |
|---|---|
| Mphasis Ltd. | 2.04% |
| Apar Industries Ltd. | 1.87% |
| Prestige Estates Projects Ltd. | 1.79% |
| Solar Industries India Ltd. | 1.75% |
| JSW Energy Ltd. | 1.74% |
Largest holdings only in WhiteOak Capital Mid Cap Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 2.20% |
| Motilal Oswal Financial Services Limited | 2.05% |
| 360 One WAM Limited | 1.53% |
| Nexus Select Trust - REIT | 1.31% |
| Bandhan Bank Limited | 1.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Midcap | WhiteOak Capital Mid Cap |
|---|---|---|
| Equity | 98.1% | 85.0% |
| Debt | 0.1% | 4.2% |
| Cash and others | 1.8% | 10.8% |
Market cap of stocks
| Market cap | Union Midcap | WhiteOak Capital Mid Cap |
|---|---|---|
| Large Cap | 15.6% | 4.7% |
| Mid Cap | 66.5% | 58.7% |
| Small Cap | 15.5% | 19.6% |
| Not on AMFI's list | 0.5% | 2.0% |
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 | Union Midcap | WhiteOak Capital Mid Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 8.6% | 9.9% |
| Auto Components | 9.8% | 2.9% |
| Banks | 9.1% | 6.3% |
| Retailing | 4.2% | 7.4% |
| Electrical Equipment | 7.4% | 5.0% |
| Capital Markets | 7.3% | 6.0% |
| Finance | 4.4% | 6.6% |
| Chemicals & Petrochemicals | 5.7% | 1.2% |
The six largest sectors of each fund's stocks, % of the fund.
Union Midcap vs WhiteOak Capital Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Midcap Fund | WhiteOak Capital Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.08% | 0.93% |
| Base expense ratio (Direct) | 0.66% | 0.43% |
| Total expense ratio (Regular) | 2.39% | 2.24% |
| Base expense ratio (Regular) | 1.78% | 1.54% |
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 Union Midcap with
Union Midcap Fund vs WhiteOak Capital Mid Cap Fund: Frequently Asked Questions
What is the difference between Union Midcap Fund and WhiteOak Capital Mid Cap Fund?
Both are Mid Cap funds, run by Union Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 34.8%. Union Midcap Fund charges 1.08% a year and WhiteOak Capital Mid Cap Fund 0.93%.
Which has given higher returns, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
Over 1 year: Union Midcap Fund +0.66%, WhiteOak Capital Mid Cap Fund +3.63%. Over 3 years: Union Midcap Fund +15.60% a year, WhiteOak Capital Mid Cap Fund +20.42% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
WhiteOak Capital Mid Cap Fund charges less: 0.93% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Midcap Fund and WhiteOak Capital Mid Cap Fund overlap?
34.8%. They hold 38 of the same securities, the largest shared ones being FEDERALBNK, MFSL, COFORGE. From each fund's latest monthly portfolio.
Which is riskier, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
On SEBI's riskometer, Union Midcap Fund is rated Very High and WhiteOak Capital Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.83% and 15.85% a year.
Which is better for SIP, Union Midcap Fund or WhiteOak Capital Mid Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,16,599 in Union Midcap Fund (XIRR 7.7% a year) and ₹4,43,418 in WhiteOak Capital Mid Cap Fund (XIRR 11.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Union Midcap Fund and WhiteOak Capital Mid Cap Fund?
Yes. 34.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Union Midcap Fund and WhiteOak Capital Mid Cap Fund?
Union Midcap Fund: Gaurav Chopra, Pratik Dharmshi. WhiteOak Capital Mid Cap Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal.
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.