Union Retirement Fund
This is the Direct plan of Union Retirement Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+11.62% 3Y CAGR)Performance
Scorecard
Not ratedHow 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. Not rated — too few comparable Solution Oriented funds (same plan and option) to rank against yet.
Not enough Retirement Fund peers to rank yet
Volatility 14.3% (no category average yet)
1.4% expense (no category average yet)
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
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Retirement Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -7.03% | — | — |
| 3M abs | -5.36% | — | — |
| 6M abs | +6.49% | — | — |
| 1Y CAGR | +0.80% | — | — |
| 3Y CAGR | +11.22% | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Retirement Fund, 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Union Retirement 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 | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -2.78% | -7.18% | +4.40% | |
| 2025 | +7.45% | +7.94% | -0.49% | |
| 2024 | +18.75% | +16.43% | +2.32% | |
| 2023 | +32.30% | +27.43% | +4.87% | |
| 2022part | +4.28% | — | — |
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; those years show no benchmark comparison.
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- Equity98.49%
- Cash & Equivalents1.47%
- Debt0.04%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹197.16Cr 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
PDPratik DharmshiManaging since 09 Dec 2024
Chartered Accountant, B. Com
Industry experience: Over 14 years of experience in the field Union of Equity Research and Fund Management. Appointed as Fund Manager - Equity at Union Asset Management Company Private Limited with effect from December 06, 2024. March 2023 to December 2024 with UTI Pension Fund Limited as Equity Fund Manager. August 2022 to March 2023 with Safe Enterprises as Equity Analyst. April 2022 to August 2022 with Girik Capital as Equity Analyst. August 2017 to April 2019 with Edelweiss Asset Management Company Limited as Equity Analyst and from April 2019 to February 2022 with Edelweiss Asset Management Company Limited as Equity Fund Manager. December 2013 to August 2017 with JP Morgan Private Limited as Equity Analyst. January 2011 to December 2013 with Crisil Limited as Equity Analyst. April 2010 to August 2010 with Morgan Stanley Advantage Private Limited as Equity Analyst.
PVPratit VajaniManaging since 01 Jul 2025
PGDM (MDI Gurgaon), B.Tech (VJTI)
He has around 6 years •of - experience in financial markets complemented by over 10 years of diverse professional experience. Appointed as Associate Fund Manager with Union Asset Management Company Pvt. Ltd with effect from July 1, 2025. January 02, 2023 to June 30, 2025 with Union Asset Management Company Pvt. Ltd as Research Analyst – Equity. August 05, 2019 to December 30, 2022 with ICICI Securities Ltd as Research Analyst May 22, 2017 to July 31, 2019 with PricewaterhouseCoopers Private Limited as Management Consultant.
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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
passionateinmarketing.com · 4d ago
Union Dynamic Term Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Union Short Term Fund - Direct Plan Fund info
The Economic Times · 4d ago
Union Dynamic Term Fund - Regular Plan Fund info
The Economic Times · 4d ago
Union Short Term Fund(Ex)-IDCW Daily
The Economic Times · 24d ago
Union Short Term Fund(Ex)-IDCW Daily
The Economic Times · 24d ago
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.
Frequently asked questions
What is the NAV of Union Retirement Fund?
As of 01 Oct 2026, the NAV of Union Retirement Fund is ₹16.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Union Retirement Fund delivered?
Union Retirement Fund has returned +0.80% over 1 year, +11.22% per year over 3 years and +14.35% 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 Retirement Fund?
Union Retirement Fund charges an expense ratio of 1.36% 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 Retirement Fund?
Union Retirement Fund's largest holdings are ICICI Bank Ltd. (6.0%), HDFC Bank Ltd. (4.6%), Multi Commodity Exchange of India Ltd. (2.8%), Solar Industries India Ltd. (2.5%) and Reliance Industries Ltd. (2.2%). Holdings are disclosed monthly and change over time.
How risky is Union Retirement Fund?
Union Retirement Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.3% and its worst peak-to-trough fall in our sample was -17.8%. 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 0.33 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Retirement Fund's 0.33 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Union Retirement Fund?
Union Retirement Fund is benchmarked against the BSE 500 Index (TRI). Its alpha and beta on this page are measured against that index.
Who manages Union Retirement Fund?
Union Retirement Fund is managed by Pratik Dharmshi and Pratit Vajani at Union.
How is Union Retirement Fund taxed?
Union Retirement 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.