DebtUltra Short Duration FundDirectIDCWLow

Union Short Term Fund

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

As of 05 Oct 2026, the NAV of Union Short Term Fund is ₹11.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Short Term Fund delivered?

Union Short Term Fund has returned +4.70% over 1 year and +6.32% 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 Short Term Fund?

Union Short Term Fund charges an expense ratio of 0.35% 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 Short Term Fund?

Union Short Term Fund's largest holdings are Indian Oil Corporation Ltd. (8.9%), Jio Credit Ltd. (8.8%), REC Ltd. (8.7%), Power Finance Corporation Ltd. (8.7%) and Kotak Mahindra Bank Ltd. (8.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Short Term Fund?

Union Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -0.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Union Short Term Fund?

Union Short Term Fund is managed by Anindya Sarkar and Shrenuj Parekh at Union.

Q: How is Union Short Term Fund taxed?

Union Short 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 Ultra Short Duration Mutual Funds

NAV

₹11.09

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of Union Short Term 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.

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NAV history

+4.62%absolute

52-week rangePrev NAV ₹11.08

Latest ₹11.09

Low ₹10.60100th percentile of its 52-week rangeHigh ₹11.09

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.35%

Category —

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

Benchmark

—

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.

03 Feb 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.12%

Absolute return over the last 3 months (not annualized)

+0.52%

Absolute return over the last 6 months (not annualized)

+3.25%

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

+3.57%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.70%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+6.32%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.19%

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

—

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

—

Largest peak-to-trough decline over full history

-0.51%

Benchmark ratios

Not shown for Ultra Short Duration Fund — 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 (Ultra Short Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.12%	—	—
3M abs	+0.52%	—	—
6M abs	+3.25%	—	—
1Y CAGR	+4.70%	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Ultra Short Duration 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.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.23L

Absolute

+2.13%

XIRR

+4.67%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Union Short 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	+3.57%
2025part	+6.94%

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

403

Expense ratio

0.35%

YTM

6.97%

Macaulay duration

2.57 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 · Ultra Short Duration Fund

Compare all


Union Short Term FundThis fund Union · Direct · IDCW	—	+4.70%	—	—	—	0.35%	—
Axis Ultra Short Term Fund Axis · Direct · IDCW	—	+6.76%	+7.44%	+6.81%	—	0.36%	—
Mirae Asset Ultra Short-Term Fund Mirae Asset · Direct · IDCW	—	+6.69%	+7.41%	+6.72%	—	0.22%	—
Invesco India Ultra Short Term Fund Invesco · Direct · Annual IDCW	—	+6.74%	+7.34%	+6.66%	—	0.27%	—
Invesco India Ultra Short Term Fund Invesco · Direct · Daily IDCW	—	+6.74%	+7.34%	+6.66%	—	0.27%	—
Tata Ultra Short Term Fund Tata · Direct · Monthly IDCW	—	+7.04%	+7.33%	+6.71%	—	0.33%	₹5,343Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt82.08%
Cash & Equivalents17.92%

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

ASAnindya SarkarManaging since 31 Jan 2025

Role

Fund Manager - Fixed Income

Education

BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM

Experience

Industry experience: Over 22 years of experience in Financial Services Sector. Appointed as Co-Fund Manager at Union Asset Management Company Private Limited with effect from November 01, 2018. September 01, 2010 to October 31, 2018 with Union Asset Management Private Limited (last position held: Vice President – Risk Management). November 2009 till August 2010 with Sarcon Blockbuild Ltd (Family business). June 2009 till September 2009 with Navigators Inc. and from September 2007 till May 2009 with St. John's University (part time employment while pursuing MBA – Risk and Insurance). February 2000 till March 2007 with ICAP India Private Limited as Dealer – Fixed Income.

Funds managed (6)

All schemes Anindya Sarkar runs →

SPShrenuj ParekhManaging since 31 Jan 2025

Role

Co- Fund Manager - Fixed Income

Education

Chartered Accountant, ICAI, Bachelor of Commerce, University of Mumbai, N.M. College of Commerce and Economics

Experience

Industry experience: Over 12 years of experience in the field of Finance. June 22, 2023 onwards with Union Asset Management Company Private Limited as Co- Fund Manager - Fixed Income; January 13, 2020 to June 21, 2023 with Union Asset Management Company Private Limited as Credit Analyst; November 2018 to January 2020 with CRISIL Ratings Limited as Senior Rating Analyst, Large Corporate Group - Finance; October 2015 to October 2018 with Axis Bank as Deputy Manager, Risk; September 2012 to September 2015 with Deloitte Haskins & Sells LLP as Senior Associate, Statutory Audit.

Funds managed (2)

All schemes Shrenuj Parekh runs →

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

Fund managers

Anindya Sarkar Shrenuj Parekh

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 Ultra Short Duration funds

Ultra short duration funds run a Macaulay duration of 3 to 6 months. That is a step out from a liquid fund — slightly more interest-rate sensitivity in exchange for slightly more yield, for money you need in months rather than days.

Frequently asked questions

What is the NAV of Union Short Term Fund?

As of 05 Oct 2026, the NAV of Union Short Term Fund is ₹11.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Short Term Fund delivered?

Union Short Term Fund has returned +4.70% over 1 year and +6.32% 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 Short Term Fund?

Union Short Term Fund charges an expense ratio of 0.35% 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 Short Term Fund?

Union Short Term Fund's largest holdings are Indian Oil Corporation Ltd. (8.9%), Jio Credit Ltd. (8.8%), REC Ltd. (8.7%), Power Finance Corporation Ltd. (8.7%) and Kotak Mahindra Bank Ltd. (8.6%). Holdings are disclosed monthly and change over time.

How risky is Union Short Term Fund?

Union Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -0.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Union Short Term Fund?

Union Short Term Fund is managed by Anindya Sarkar and Shrenuj Parekh at Union.

How is Union Short Term Fund taxed?

Union Short 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.