DebtDynamic BondRegularGrowthModerate

Union Dynamic Term Fund

Q: What is the NAV of Union Dynamic Term Fund?

As of 05 Oct 2026, the NAV of Union Dynamic Term Fund is ₹23.34 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Dynamic Term Fund delivered?

Union Dynamic Term Fund has returned +0.05% over 1 year, +4.70% per year over 3 years, +3.90% per year over 5 years and +5.95% 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.

Q: What is the expense ratio of Union Dynamic Term Fund?

Union Dynamic Term Fund charges an expense ratio of 1.54% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Dynamic Term Fund?

Union Dynamic Term Fund's largest holdings are GOI 6.90% 2065 (46.4%), GOI 7.24% 2055 (23.1%), Indian Railway Finance Corporation Ltd. (8.1%), REC Ltd. (8.0%) and National Bank for Agriculture and Rural Development (8.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Dynamic Term Fund?

Union Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.3% and its worst peak-to-trough fall in our sample was -6.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.55 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Dynamic Term Fund's -0.55 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Union Dynamic Term Fund?

Union Dynamic Term Fund is benchmarked against the  As per AMFI Tier I benchmark $ CRISIL Dynamic Bond A-III Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Union Dynamic Term Fund?

Union Dynamic Term Fund is managed by Parijat Agrawal and Devesh Thacker at Union.

Q: How is Union Dynamic Term Fund taxed?

Union Dynamic Term 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.

Union Mutual Fund · Best Dynamic Bond Mutual Funds

NAV

₹23.34

+0.01% 1D

as of 05 Oct 2026

This is the Regular plan of Union Dynamic Term 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.

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NAV history

-0.16%absolute

52-week rangePrev NAV ₹23.34

Latest ₹23.34

Low ₹22.5061st percentile of its 52-week rangeHigh ₹23.88

Scorecard

★☆☆☆☆1/5 vs 23 Dynamic Bond 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 Dynamic Bond (same plan and option).

PerformanceBelow avg

3Y CAGR +4.70% · ranks 21 of 22 Dynamic Bond funds

RiskHigh

Volatility 3.3% vs 2.1% category avg

CostHigh

1.5% expense vs 1.2% category avg

ConsistencyHigh

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

Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+0.05%) trails the Dynamic Bond average (+3.10%)
3-year return (+4.70%) trails the Dynamic Bond average (+6.10%)
5-year return (+3.90%) trails the Dynamic Bond average (+5.41%)
Ranks #22 of 22 on 1-year return in its Dynamic Bond cohort
More volatile than its Dynamic Bond peers (3.3% vs 2.1%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.54%

Category 1.23%▲0.31%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.55

Category -0.19▼0.36

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

 As per AMFI Tier I benchmark $ CRISIL Dynamic Bond A-III Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

21 Feb 2012

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.48%

Absolute return over the last 3 months (not annualized)

-1.90%

Absolute return over the last 6 months (not annualized)

+3.75%

Absolute return since 1 Jan of this year (not annualized)

+0.07%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+0.05%

3-year annualized return (CAGR)

+4.70%

5-year annualized return (CAGR)

+3.90%

10-year annualized return (CAGR)

+4.82%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.95%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

3.29%

Excess return per unit of total volatility (rf = 6.5%)

-0.55

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.74

Largest peak-to-trough decline over full history

-6.94%

Benchmark ratios

Not shown for Dynamic Bond — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Dynamic Bond)

Period	Fund	Category avg.	Diff
1M abs	-0.48%	-0.33%	-0.15%
3M abs	-1.90%	-0.47%	-1.43%
6M abs	+3.75%	+2.96%	+0.79%
1Y CAGR	+0.05%	+3.10%	-3.05%
3Y CAGR	+4.70%	+6.10%	-1.40%
5Y CAGR	+3.90%	+5.41%	-1.51%

Category average across peers in Dynamic Bond (up to 21 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 21 peers in Dynamic Bond

1Y return

+0.05%

Beats 0% · rank #22

3Y return

+4.70%

Beats 4.8% · rank #21

5Y return

+3.90%

Beats 0% · rank #20

Sharpe

-0.55

Beats 23.8% · rank #17

Sortino

-0.74

Beats 23.8% · rank #17

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.62L

Absolute

+10.30%

XIRR

+4.00%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Union Dynamic Term 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	+0.07%
2025	+4.00%
2024	+8.52%
2023	+6.52%
2022	+0.29%
2021	+2.00%
2020	+10.78%
2019	+10.15%
2018	+4.06%
2017	+1.26%

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.

History points

3,528

Expense ratio

1.54%

YTM

7.63%

Macaulay duration

9.68 years

Exit load

NIL

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Dynamic Bond

Compare all


Union Dynamic Term FundThis fund Union · Regular · Growth	★☆☆☆☆	+0.05%	+4.70%	+3.90%	—	1.54%	—
360 ONE Dynamic Term Fund 360 One · Regular · Growth	★★★★★	+4.28%	+7.62%	+6.50%	—	0.59%	—
360 ONE Dynamic Term Fund 360 One · Regular · Growth	—	+4.28%	+7.62%	+6.50%	—	0.59%	—
Aditya Birla Sun Life Dynamic Term Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+4.59%	+7.02%	+6.59%	—	1.22%	—
Axis Dynamic Term Fund Axis · Regular · Growth	★★★★★	+5.36%	+7.01%	+5.81%	—	0.65%	—
Kotak Dynamic Term Fund Kotak Mahindra · Regular · Growth	★★★★☆	+4.25%	+6.94%	+5.66%	—	1.35%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt93.69%
Cash & Equivalents6.31%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-6.9%27 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 03 Jun 2014 — 9 months under water after the low.
-5.2%28 May 2025 → 02 Apr 2026
Fell over 10 months, back to the old high on 29 Jun 2026 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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.

Launched

29 Dec 2009

Total AUM

₹28,552Cr+1.6% QoQ

Avg AUM · July - September 2026

Website

unionmf.com

Fund Managers

PAParijat AgrawalStart date not disclosed

Role

Head - Fixed Income

Education

Bachelor of Engineering (Electronics & Communications), PGDM (IIM Bangalore)

Experience

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.

Funds managed (8)

All schemes Parijat Agrawal runs →

DTDevesh ThackerStart date not disclosed

Role

Fund Manager - Fixed Income

Education

B.Com (Bachelor of Commerce) & M.B.A (Masters of Business Administration)

Experience

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.

Funds managed (6)

All schemes Devesh Thacker runs →

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

Fund managers

Parijat Agrawal Devesh Thacker

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.

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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 Dynamic Bond funds

Dynamic bond funds have no duration mandate at all: the manager moves between short and long bonds as their rate view changes. That hands one call — where rates go next — to the manager, so the outcome depends heavily on getting it right.

Frequently asked questions

What is the NAV of Union Dynamic Term Fund?

As of 05 Oct 2026, the NAV of Union Dynamic Term Fund is ₹23.34 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Dynamic Term Fund delivered?

Union Dynamic Term Fund has returned +0.05% over 1 year, +4.70% per year over 3 years, +3.90% per year over 5 years and +5.95% 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 Dynamic Term Fund?

Union Dynamic Term Fund charges an expense ratio of 1.54% 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 Dynamic Term Fund?

Union Dynamic Term Fund's largest holdings are GOI 6.90% 2065 (46.4%), GOI 7.24% 2055 (23.1%), Indian Railway Finance Corporation Ltd. (8.1%), REC Ltd. (8.0%) and National Bank for Agriculture and Rural Development (8.0%). Holdings are disclosed monthly and change over time.

How risky is Union Dynamic Term Fund?

Union Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.3% and its worst peak-to-trough fall in our sample was -6.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.55 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Dynamic Term Fund's -0.55 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Union Dynamic Term Fund?

Union Dynamic Term Fund is benchmarked against the  As per AMFI Tier I benchmark $ CRISIL Dynamic Bond A-III Index. Its alpha and beta on this page are measured against that index.

Who manages Union Dynamic Term Fund?

Union Dynamic Term Fund is managed by Parijat Agrawal and Devesh Thacker at Union.

How is Union Dynamic Term Fund taxed?

Union Dynamic Term 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.