Union Equity Savings Fund
This is the Direct plan of Union Equity Savings Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★☆☆☆☆1/5 vs 20 of 22 Equity Savings 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 Equity Savings (same plan and option). 20 of the 22 Equity Savings funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.62% · ranks 19 of 20 Equity Savings funds
Volatility 4.7% vs 4.5% category avg
2.1% expense vs 1.3% 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
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+2.61%) trails the Equity Savings average (+3.34%)
- 3-year return (+6.62%) trails the Equity Savings average (+8.48%)
- 5-year return (+5.89%) trails the Equity Savings average (+7.65%)
- Weaker risk-adjusted returns — Sharpe 0.03 below the Equity Savings average of 0.40
- High expense ratio (2.11%) vs the Equity Savings average of 1.27%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Equity Savings)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -1.42% | -1.27% | -0.15% |
| 3M abs | -0.83% | -0.30% | -0.53% |
| 6M abs | +4.35% | +4.29% | +0.06% |
| 1Y CAGR | +2.61% | +3.34% | -0.73% |
| 3Y CAGR | +6.62% | +8.48% | -1.86% |
| 5Y CAGR | +5.89% | +7.65% | -1.76% |
Category average across peers in Equity Savings (up to 22 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 22 peers in Equity Savings
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 Equity Savings 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 | +0.78% | |
| 2025 | +5.49% | |
| 2024 | +8.94% | |
| 2023 | +12.03% | |
| 2022 | +2.36% | |
| 2021 | +9.35% | |
| 2020 | +11.61% | |
| 2019 | +8.92% | |
| 2018part | +1.69% |
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 equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
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- Equity67.88%
- Debt19.83%
- Cash & Equivalents12.29%
Fund size over time
Quarterly average AUM · AMFIDown +16% from its peak of ₹142.47Cr in January - March 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
SBSanjay BembalkarManaging since 25 Jan 2023
Co-Head-Equity
CFA® charterholder with the CFA Institute, USA, Chartered Accountant, M.Sc. (Accounting and Finance), B.Com.
Industry experience: Over 17 years of experience in the field Innovation of Equity Research and Fund Management. Appointed as Fund Manager (Equity) at Union Asset Management Company Private Limited with effect from June 07, 2021. October 2019 to May 2021 with Canara Robeco Asset Management Company Limited as Fund Manager Equities. December 2017 to October 2019 with Canara Robeco Asset Management Company Limited as Research Analyst – Equity. August 2015 to December 2017 with LIC Mutual Fund Asset Management Ltd. as Research Analyst – Equity. • April 2010 to August 2015 with Quantum Advisors Pvt. Ltd. as Assistant Vice President (Equity Research). •
- Union Active Momentum Fund
- Union Aggressive Hybrid Fund (Formerly Union Hybrid Equity Fund)
- Union Balanced Advantage Fund
- Union Consumption Fund
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund
- Union Flexi Cap Fund
- Union Focused Fund
- Union Innovation & Opportunities Fund
- Union Largecap Fund
- Union Multi Asset Allocation Fund
- Union Multicap Fund
- Union Small Cap Fund
- Union Business Cycle Fund - Direct Plan - Growth Option
- Union Large & Midcap Fund - Direct Plan - Growth Option
- Union Midcap Fund - Direct Plan - Growth Option
- Union Retirement Fund - Direct Plan - Growth Option
GCGaurav ChopraManaging since 01 Nov 2024
Co - Fund Manager
B.Com, Chartered Accountant and CFA (USA) – Level III Appointed cleared
Over 10 years of experience in the equity markets. Appointed as Co-Fund Manager with effect from January 25, 2023. June 2020 – January 24, 2023 with Union Asset Management Company Pvt. Ltd as Research Analyst - Equity. November 2015 to May 2020 with Centrum Portfolio Union Management Services Centrum Broking Limited as Research Analyst. March 2015 to October 2015 with Barclays Wealth Trustees (India) Private Limited as Trust Analysts. September 2011 to September 2014 with Sharp & Tanan Associates as Audit Assurance Assistant.
PAParijat AgrawalStart date not disclosed
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.
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 · 5d ago
‘Tukka Nahi, Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaign
Passionate In Marketing · 5d ago
Union Dynamic Term Fund - Regular Plan Portfolio
The Economic Times · 5d ago
Union Short Term Fund(Ex)-IDCW Daily
The Economic Times · 25d ago
Union Short Term Fund(Ex)-IDCW Daily
The Economic Times · 25d ago
Union Short Term Fund(Ex)-Growth
The Economic Times · 03 Sep 2026
Union Short Term Fund(Ex)-Growth
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 Equity Savings funds
Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.
Frequently asked questions
What is the NAV of Union Equity Savings Fund?
As of 05 Oct 2026, the NAV of Union Equity Savings Fund is ₹18.01 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Union Equity Savings Fund delivered?
Union Equity Savings Fund has returned +2.61% over 1 year, +6.62% per year over 3 years, +5.89% per year over 5 years and +7.46% 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 Equity Savings Fund?
Union Equity Savings Fund charges an expense ratio of 2.11% 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 Equity Savings Fund?
Union Equity Savings Fund's largest holdings are National Bank for Agriculture and Rural Development (8.6%), HDFC Bank Ltd. (4.8%), 91 Day Treasury Bills (4.3%), Indian Railway Finance Corporation Ltd. (4.2%) and Indus Towers Ltd. (3.8%). Holdings are disclosed monthly and change over time.
How risky is Union Equity Savings Fund?
Union Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.7% and its worst peak-to-trough fall in our sample was -14.4%. 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 0.03 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Equity Savings Fund's 0.03 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Union Equity Savings Fund?
Union Equity Savings Fund is benchmarked against the As per AMFI Tier I benchmark: $ CRISIL Equity Savings Index (TRI) $ CRISIL Benchmark Disclaimer : CRISIL Indices are the. Its alpha and beta on this page are measured against that index.
Who manages Union Equity Savings Fund?
Union Equity Savings Fund is managed by Sanjay Bembalkar, Gaurav Chopra and Parijat Agrawal at Union.
How is Union Equity Savings Fund taxed?
Union Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.