Union Ultra Short to Short Term Fund Regular IDCW NAV today
AMFI: 153653ISIN: INF582M01LN3MUTF_IN: UNIO_ULTR_SHOR_Y1DI6Union Mutual FundLow Duration funds
Formerly Union Low Duration Fund
NAV ₹10.1631
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹228 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.86%18 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.40%30 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Low to ModerateAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 930 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 16 Jul 2025
Union Ultra Short to Short Term Fund returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −0.07% | – | – | – | – |
| 1 month | −0.05% | – | 23 of 25 | +0.04% | 0.0% to +0.1% |
| 3 months | +0.91% | – | 20 of 24 | +1.01% | +1.0% to +1.1% |
| 6 months | +2.28% | – | 23 of 24 | +2.52% | +2.4% to +2.7% |
| 1 year | +4.59% | +6.31%to 30 Sep 2026 | 23 of 23 | +5.14% | +5.0% to +5.5% |
| 3 years | Needs 3 years | – | – | +6.62% | +6.5% to +6.8% |
| 5 years | Needs 5 years | – | – | +6.01% | +5.9% to +6.1% |
| 10 years | Needs 10 years | – | – | +6.28% | +5.9% to +6.4% |
₹10,000 put in on 18 Jul 2025 is ₹10,602 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: NIFTY Low Duration Debt Index A-I, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Regular plans of Low Duration funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 7 days yearly rate | −3.24% | +3.69% |
| 15 days yearly rate | +2.52% | +5.42% |
| 1 month yearly rate | +4.09% | +6.16% |
| 3 months yearly rate | +4.24% | +6.28% |
| 6 months yearly rate | +5.68% | +7.04% |
| 1 year | +5.01% | +6.31% |
| Since launch | +5.04% | +6.18% |
Benchmark: NIFTY Low Duration Debt Index A-I. Both as the fund house states them for the month.
Union Ultra Short to Short Term Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,22,783₹1,22,777 after stamp duty | +4.52% | +4.51% | ₹6 | |
| Since Jul 202515 instalments | ₹1,50,000 | ₹1,54,414₹1,54,407 after stamp duty | +4.60% | +4.59% | ₹8 |
3 years: Launched 16 Jul 2025, needs 3 years of history.
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Union Ultra Short to Short Term Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.60 ptsA year, on 18 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.26%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.91%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan at its highest since Jul 2025 in the latest month.Direct plan lowest 0.24%, May 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.21% | 0.72% |
| Brokerage | 0.01% | 0.01% |
| Transaction costs | None | None |
| Statutory levies | 0.04% | 0.13% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- SIP instalments, at least
- 6 instalments for all frequencies
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Daily (only business days) for Daily frequency, any day(Monday to Friday) of the month for weekly, Any date of the month for fortnightly and monthly frequency
As listed for this plan on 24 Oct 2026.
Union Ultra Short to Short Term Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹351 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 53.5%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹1,055 Cr, quarter to Mar 2026.
Assets at each month end
Highest ₹1,077 Cr, Jan 2026.The latest month end is the lowest since Sep 2025.
Union Ultra Short to Short Term Fund portfolio
Portfolio disclosed for 30 Sep 2026.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.40%Lines stating a yield: 82.27% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.42%Regular plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal.
- 302days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates.
- 282days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid.
- 310days
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| Jamnagar Utilities & Power Pvt. Ltd.CRISIL AAA, repaid 10 Aug 2028 | Bonds and bills | 10.94% | 24.99 | 25,00,00,000 | 7.90% | Jul 2025or earlier |
| Tata Capital Housing Finance Ltd.CRISIL AAA, 7.12% coupon, repaid 21 Jul 2027 | Bonds and bills | 10.88% | 24.85 | 25,00,00,000 | 7.80% | Nov 2025 |
| Power Finance Corporation Ltd.CRISIL AAA, 6.96% coupon, repaid 2 Mar 2028 | Bonds and bills | 10.84% | 24.77 | 25,00,00,000 | 7.64% | Jun 2026 |
| REC Ltd.[ICRA]AAA, 6.52% coupon, repaid 31 Jan 2028 | Bonds and bills | 10.79% | 24.64 | 25,00,00,000 | 7.67% | Aug 2026 |
| Bank of BarodaIND A1+, repaid 11 Mar 2027 | Bonds and bills | 10.63% | 24.27 | 25,00,00,000 | 6.80% | Sep 2026 |
| ICICI Bank Ltd.[ICRA]A1+, repaid 19 Mar 2027 | Bonds and bills | 10.61% | 24.24 | 25,00,00,000 | 6.80% | Mar 2026 |
| Export-Import Bank of IndiaCRISIL AAA, 7.45% coupon, repaid 12 Apr 2028 | Bonds and bills | 8.74% | 19.96 | 20,00,00,000 | 7.56% | Aug 2026 |
| Kotak Mahindra Bank Ltd.CRISIL A1+, repaid 5 Mar 2027 | Bonds and bills | 6.38% | 14.58 | 15,00,00,000 | 6.76% | Jul 2026 |
| Corporate Debt Mkt Devp. Fund-A2Alternative Investment Fund | Fund units | 1.34% | 3.07 | 2,559 | 5.82% | Jan 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS | 17.20% | 39.30 |
| Net Receivable / Payable | 1.65% | 3.75 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 10.94%Jamnagar Utilities & Power Pvt. Ltd.
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 54.08%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 81.15%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 8.1Taken over 81.15% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Bonds and bills79.81%
- Units of other funds1.34%
- Cash and receivables18.85%
Per cent of the fund's net assets.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- AAA52.19%
Loans of under a year
- A1+27.62%
Other
- Overnight lending17.20%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month17.20%
- 1 to 3 monthsNone
- 3 to 6 months27.62%
- 6 to 12 months10.88%
- 1 to 3 years41.31%
- 3 to 5 yearsNone
- 5 to 10 yearsNone
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 10.94%Jamnagar Utilities & Power Private Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 54.08%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 79.81%
Per cent of the fund's net assets. Lent outside the government: 79.81% of the fund, to 8 borrowers; the borrower is named for 100.00% of it, its group for 24.53%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 110.63% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 640.67% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 0
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 8
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 10.63%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 43.43%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Bank of Baroda | New | 10.63% | 0.00% | +10.63 pts | +25,00,00,000 |
| Bajaj Finance Ltd. | Sold out | – | 6.92% | −6.92 pts | −25,00,00,000 |
| National Bank for Agriculture and Rural Development | Sold out | – | 6.91% | −6.91 pts | −25,00,00,000 |
| Punjab National Bank | Sold out | – | 6.74% | −6.74 pts | −25,00,00,000 |
| Axis Bank Ltd. | Sold out | – | 6.70% | −6.70 pts | −25,00,00,000 |
| Canara Bank | Sold out | – | 6.70% | −6.70 pts | −25,00,00,000 |
| HDFC Bank Ltd. | Sold out | – | 6.70% | −6.70 pts | −25,00,00,000 |
| 364 Day Treasury Bills | Matured | – | 2.76% | −2.76 pts | – |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jamnagar Utilities & Power Pvt. Ltd. | 6.44% | 2.52%Cut | 2.54% | 2.34% | 2.38% | 3.06% | 4.35% | 4.56% | 7.79% | 7.32% | 6.95% | 10.94% |
| Tata Capital Housing Finance Ltd. | – | 2.47%Bought | 2.50% | 2.31% | 2.34% | 3.03% | 4.31% | 4.53% | 7.68% | 7.25% | 6.90% | 10.88% |
| Power Finance Corporation Ltd. | – | – | – | – | – | – | – | – | 7.69%Bought | 7.24% | 6.87% | 10.84% |
| REC Ltd. | 3.13% | 2.45% | 2.49% | 2.30% | 2.33% | 3.00% | 4.28% | 4.48% | Sold out | – | 6.84%Bought again | 10.79% |
| Bank of Baroda | – | – | – | – | – | – | – | – | – | – | – | 10.63%Bought |
| ICICI Bank Ltd. | – | – | – | – | – | 2.85%Bought | 4.09% | 4.31% | 7.36% | 6.97% | 6.69% | 10.61% |
| Export-Import Bank of India | – | – | – | – | 1.14%Bought | Sold out | – | – | – | – | 5.55%Bought again | 8.74% |
| Kotak Mahindra Bank Ltd. | – | – | – | – | – | – | – | – | – | 4.19%Bought | 4.02% | 6.38% |
| Corporate Debt Mkt Devp. Fund-A2 | – | – | – | 0.28%Bought | 0.28% | 0.36% | 0.52% | 0.55% | 0.94% | 0.89% | 0.85% | 1.34% |
| 364 Day Treasury Bills | – | – | – | – | – | – | – | – | 3.05%Bought | 2.89% | 2.76% | Repaid |
| Axis Bank Ltd. | – | – | – | – | – | – | – | – | – | 6.99%Bought | 6.70% | Sold out |
| Bajaj Finance Ltd. | – | – | 2.53%Bought | 2.33% | 2.36% | 3.04% | 4.34% | 4.55% | 7.73% | 7.28% | 6.92% | Sold out |
| Canara Bank | – | – | – | – | – | – | – | 4.31%Bought | 7.37% | 6.98% | 6.70% | Sold out |
| HDFC Bank Ltd. | – | – | – | – | – | – | – | 4.31%Bought | 7.37% | 6.99% | 6.70% | Sold out |
| National Bank for Agriculture and Rural Development | – | – | – | – | – | – | – | – | 7.75%Bought | 7.28% | 6.91% | Sold out |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Low Duration funds (23 funds) over the same 1 year; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.0.96%
0.74%Lowest0.90%Average1.01%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.No losing month
0.00%Lowest0.00%Average0.00%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.−0.33
−0.33Lowest0.30Average0.85Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.−0.52
−0.52Lowest0.64Average2.03Highest
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year and since Jul 2025 | −0.30% | 8 May 2026 | 21 May 2026 | 2 Jun 2026 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Aug 2025 to Aug 202613 months | Low to Moderate | Low to ModerateNIFTY Low Duration Debt Index A-I |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Union Ultra Short to Short Term Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Anindya SarkarCo-manage | Aug 2025 | +4.86%a year | – | – | 30.7% | – | 6 | ₹1,742 Cr |
| Devesh ThackerCo-manage | Jul 2025 | +4.86%a year | – | – | – | – | 6 | ₹7,302 Cr |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Union Multi Asset Allocation FundAnindya Sarkar | Sep 2024 | +8.18%a year | – | – | ₹989 Cr |
| Union Corporate Bond FundAnindya Sarkar | Nov 2018 | +5.81%a year | – | – | ₹284 Cr |
| Union Short Term FundAnindya Sarkar | Jan 2025 | +5.65%a year | – | – | ₹111 Cr |
| Union Gilt FundAnindya Sarkar | Aug 2022 | +4.39%a year | – | – | ₹75 Cr |
| Union Income Plus Arbitrage Active FOFAnindya Sarkar | Jun 2025 | +3.54%a year | – | – | ₹55 Cr |
| Union Liquid FundDevesh Thacker | Jun 2011 | – | – | – | ₹5,014 Cr |
| Union Money Market FundDevesh Thacker | Aug 2021 | +5.68%a year | – | – | ₹1,120 Cr |
| Union Overnight FundDevesh Thacker | Mar 2019 | +5.00%a year | – | – | ₹657 Cr |
| Union Arbitrage FundDevesh Thacker | Feb 2019 | +5.52%a year | – | – | ₹220 Cr |
| Union Dynamic Term FundDevesh Thacker | Jun 2018 | +5.48%a year | – | – | ₹62 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| SBI Ultra Short to Short Term FundSBI Mutual Fund | 9.29% | 3 |
| Invesco India Ultra Short to Short Term FundInvesco Mutual Fund | 6.07% | 3 |
| Edelweiss Ultra Short to Short Term FundEdelweiss Mutual Fund | 5.79% | 2 |
| JioBlackRock Ultra Short to Short Term FundJio BlackRock Mutual Fund | 4.51% | 3 |
| Bajaj Finserv Ultra Short to Short Term FundBajaj Finserv Mutual Fund | 4.46% | 2 |
| Sundaram Ultra Short to Short Term FundSundaram Mutual Fund | 4.24% | 2 |
| Baroda BNP Paribas Ultra Short to Short Term FundBaroda BNP Paribas Mutual Fund | 4.15% | 2 |
| DSP Ultra Short to Short Term FundDSP Mutual Fund | 2.73% | 3 |
| ICICI Prudential Ultra Short to Short Term FundICICI Prudential Mutual Fund | 2.57% | 4 |
| Nippon India Ultra Short to Short Term FundNippon India Mutual Fund | 2.18% | 3 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Union Short Term FundUnion Mutual Fund | 11.10% |
| Union Money Market FundUnion Mutual Fund | 2.16% |
| Union Corporate Bond FundUnion Mutual Fund | 0.00% |
| Union Dynamic Term FundUnion Mutual Fund | 0.00% |
| Union Gilt FundUnion Mutual Fund | 0.00% |
| Union Liquid FundUnion Mutual Fund | 0.00% |
| Union Overnight FundUnion Mutual Fund | 0.00% |
As the fund house states it, for Sep 2026.
Union Ultra Short to Short Term Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 16 Jul 2026 | ₹0.45 | 4.28% | ₹10.5099 | ₹10.0668 |
The one payout since 16 Jul 2026.
Changes to the fund
Newest first.
2026
- 1 OctExpenseBase expense ratio, regular plan: 0.82% to 0.72%−0.10 ptsExpense ratio change. The plan's typical expense ratio (the middle of its daily figures) in the month the change took effect, against the month before, in percentage points.
- 30 SepCategoryCategory: Debt / Low Duration to Debt / Ultra Short to Short Term
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The Investment objective of the scheme is to provide reasonable returns and liquidity by investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns such that the Macaulay Duration of the portfolio is between 6 months to 12 months.There is no assurance that the investment objective of the Scheme will be achieved
Asset allocation
- Debt and Money Market Instruments including Government Securities* : 0%-100% of total assets
*Debt instruments shall be deemed to include securitised debt and investment in securitised debts shall be upto 50% of the net assets of the Scheme. Please refer the Scheme Information Document for more details.
Type of scheme
An open ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months. Please refer Page No. 21 of the SID for concept of Macaulay Duration. A relatively high interest rate risk and moderate credit risk.
- Stated category
- Debt Scheme - Ultra Short to Short Term Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Low Duration Debt Index A-I $ $ Nifty Benchmark
- Potential risk classPotential risk class. The most risk a debt fund says it may take, as a letter and a numeral: the letter is credit risk, from A (relatively low) to C (relatively high), and the numeral is interest rate risk, from I (relatively low) to III (relatively high).
- B-III
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Low to Moderate Risk
- New fund offer
- 26 Jun 2025 to 10 Jul 2025
- Units first allotted
- 16 Jul 2025
- Open for sale again
- 18 Jul 2025
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 153654 | INF582M01LQ6 | UNIO_ULTR_SHOR_IOSBV9 | 18 Jul 2025 | |
| Regular Growth | 153652 | INF582M01LU8 | UNIO_ULTR_SHOR_1O02XJB | 18 Jul 2025 | |
| Direct IDCW | 153655 | INF582M01LR4 | INF582M01LS2 | UNIO_ULTR_SHOR_I70A5M | 18 Jul 2025 |
| Regular IDCW | 153653 | INF582M01LN3 | INF582M01LO1 | UNIO_ULTR_SHOR_Y1DI6 | 18 Jul 2025 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- September 2026 (opens in a new tab)Union Mutual Fund, Sep 2026
Statement of additional information
- SAI Union Mutual Fund (opens in a new tab)Union Mutual Fund, Oct 2026
Annual report
- Debt including Fixed Maturity Plan (FMP) Abridged Report - Annual Report - FY 2025-26 (opens in a new tab)Union Mutual Fund, Mar 2026
- Annual Report - FY 2025-26 (opens in a new tab)Union Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure Of Risk-O-Meter Levels FY 2025-26 (opens in a new tab)Union Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - 30Sep2026 (opens in a new tab)Union Mutual Fund, Sep 2026