Union Mutual Fund has launched Union Midcap Fund. The scheme is an open-ended equity scheme predominantly investing in mid cap stocks.
Benchmarked against Nifty Midcap 100 Index (TRI), Vinay Paharia and Hardick Bora will manage this fund.
In a press release, G. Pradeepkumar, CEO, Union Mutual Fund said “Midcaps are typically associated with high growth potential but they also come with higher volatility, especially in the short term. Some of the stocks from the midcap category tend to grow at a faster rate and eventually become large. However, there are many companies in the midcap segment, which falter and fail to grow. Hence, stock selection becomes a crucial factor while managing a mid-cap fund. This is where the robust investment process followed by Union Mutual Fund plays a vital role. It helps us to ensure that we pick up high quality companies at reasonable price. Having the right allocation to midcap funds can enhance the overall returns of one’s portfolio.”
