This is the Regular plan of Union Liquid Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 42 of 45 Liquid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). 42 of the 45 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.85% · ranks 11 of 39 Liquid Funds
Volatility 0.2% vs 0.2% category avg
0.2% expense vs 0.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.17%) vs the Liquid Fund average of 0.26%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Liquid Fund peers (0.2% vs 0.2%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.45% | +0.44% | +0.01% |
| 3M abs | +1.52% | +1.49% | +0.03% |
| 6M abs | +3.24% | +3.16% | +0.08% |
| 1Y CAGR | +6.40% | +6.27% | +0.13% |
| 3Y CAGR | +6.85% | +6.73% | +0.12% |
| 5Y CAGR | +6.31% | +6.18% | +0.13% |
Category average across peers in Liquid Fund (up to 45 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 45 peers in Liquid Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Union Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.95% | |
| 2025 | +6.52% | |
| 2024 | +7.35% | |
| 2023 | +7.10% | |
| 2022 | +4.80% | |
| 2021 | +3.27% | |
| 2020 | +4.31% | |
| 2019 | +6.39% | |
| 2018 | +3.61% | |
| 2017 | +6.47% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt93.17%
- Cash & Equivalents6.83%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹8,286Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.
Fund Managers
PAParijat AgrawalManaging since 18 Jun 2021
Head - Fixed Income
Bachelor of Engineering (Electronics & Communications), PGDM (IIM Bangalore)
Industry Experience: Over 29 years of experience in Funds Management. September 2010 till date with Union Dynamic Bond - Union Asset Management Company Private Limited as Head - Fixed Income with overall responsibilities of Portfolio Fund, Management of Fixed Income and Hybrid Funds. October 2006 till July 2010 with SBI Mutual Fund as Head Fixed Income with responsibilities of Portfolio Management of Fixed Income and Hybrid Funds. November 2004 till September 2006 with State Bank of Mauritius Limited with responsibilities of managing the entire Treasury functions of the Bank. December 1999 till May 2004 with SUN F&C Asset Management as Fund Manager responsible for Portfolio Management of Fixed Income and Hybrid Funds.
DTDevesh ThackerStart date not disclosed
Fund Manager - Fixed Income
B.Com (Bachelor of Commerce) & M.B.A (Masters of Business Administration)
Mr. Thacker has an overall work experience of over 18 years in Fund Management & Banking Industry. November 2010 till date with Union Asset Management Company Pvt. Ltd. (AMC) as Fund Manager - Fixed Income. June 2008 to November 2010 with Sahara Asset Management Co. Pvt. Ltd. as Fund Manager - Fixed Income. December 2004 to May 2008 with ICICI Bank Limited, Retail Operations and Branch Banking. October 2002 to December 2004 with Dolat Capital Markets Limited as a Dealer in Fixed Income, handling institutional client's deals and queries. January 2002 to September 2002 with Orbis Securities (India Bulls) Limited, as Dealer in Fixed Income. October 1999 to January 2002 with ASK Financial Services Ltd (NSE Broking Firm), Equity and Derivative Dealer.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Union in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Union Mutual Fund Says: When It Comes to Investing, Don’t Just Take a ‘Tukka’
IMPACT Magazine · 4d ago
‘Tukka Nahi ,Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaign
Adgully.com · 4d ago
‘Tukka Nahi, Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaign
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Union Short Term Fund(Ex)-IDCW Daily
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Union Short Term Fund(Ex)-IDCW Fortnightly
The Economic Times · 03 Sep 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
Frequently asked questions
What is the NAV of Union Liquid Fund?
As of 05 Oct 2026, the NAV of Union Liquid Fund is ₹2,713.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Union Liquid Fund delivered?
Union Liquid Fund has returned +6.40% over 1 year, +6.85% per year over 3 years, +6.31% per year over 5 years and +6.74% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Union Liquid Fund?
Union Liquid Fund charges an expense ratio of 0.17% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Union Liquid Fund?
Union Liquid Fund's largest holdings are 91 Day Treasury Bills (3.5%), Axis Bank Ltd. (3.3%), 91 Day Treasury Bills (2.9%), Indian Bank (2.6%) and National Bank for Agriculture and Rural Development (2.6%). Holdings are disclosed monthly and change over time.
How risky is Union Liquid Fund?
Union Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -3.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Union Liquid Fund?
Union Liquid Fund is benchmarked against the • As per AMFI Tier I benchmark: $ CRISIL Liquid Debt A-I Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are the so. Its alpha and beta on this page are measured against that index.
Who manages Union Liquid Fund?
Union Liquid Fund is managed by Parijat Agrawal and Devesh Thacker at Union.
How is Union Liquid Fund taxed?
Union Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.