Union Midcap Fund - Direct Plan - Growth Option
Union Mutual Fund
Equity Scheme - Mid Cap Fund
Best SIP day: the 1st.
Best SIP day for this fund
The 1st
Thin edgeThe 1st had the highest full-history XIRR for this fund. Dates in this fund have differed by up to 0.33 pp, but not consistently, so the pattern may not hold.
Why the 1st
- Highest return of all 28 dates18.881%
Full-history XIRR, 0.24 pp above the middle of the month (18.638%).
- How far apart the 28 dates are0.33 pp
From the 18th (18.549%) up to the 1st. Wider than the 0.25 pp a date effect needs, but the order of dates didn't hold (-0.46, needs 0.6).
- What the spread is worth₹31,358
Between the highest- and lowest-value dates (the 1st and the 28th) on a notional ₹10,000 a month: 2.1% of the ₹14.6 lakh it grew to over 6.5 years.
For this fund a missed instalment and the date spread are closer than usual.
This fund has 78 months of history, fewer than eight years. A spread of 0.33 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.33 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
This fund has 78 months of history, fewer than eight years. A spread of 0.33 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.