FoFFoF DomesticRegularGrowthVery High

Union Income Plus Arbitrage Active FOF

Q: What is the NAV of Union Income Plus Arbitrage Active FOF?

As of 05 Oct 2026, the NAV of Union Income Plus Arbitrage Active FOF is ₹10.46 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Income Plus Arbitrage Active FOF delivered?

Union Income Plus Arbitrage Active FOF has returned +3.78% over 1 year and +3.71% 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 Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF charges an expense ratio of 0.58% 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 Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF's largest holdings are Union Corporate Bond Fund-Direct-Growth (39.8%), Union Arbitrage Fund - Direct-Growth (37.7%), Union Gilt Fund - Direct Plan - Growth (9.7%) and Union Short Duration Fund - Direct Plan- (6.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.5% and its worst peak-to-trough fall in our sample was -1.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Union Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF is managed by Anindya Sarkar, Vishal Thakker and Shrenuj Parekh at Union.

Q: How is Union Income Plus Arbitrage Active FOF taxed?

Union Income Plus Arbitrage Active FOF 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 Domestic Fund of Funds

NAV

₹10.46

+0.09% 1D

as of 05 Oct 2026

This is the Regular plan of Union Income Plus Arbitrage Active FOF — 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

+3.69%absolute

52-week rangePrev NAV ₹10.45

Latest ₹10.46

Low ₹10.0994th percentile of its 52-week rangeHigh ₹10.49

Scorecard

★★★☆☆3/5 vs 115 of 153 FoF Domestic peers1Y

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 FoF Domestic (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 115 of the 153 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough FoF Domestic peers to rank yet

RiskLow

Volatility 1.5% vs 17.5% category avg

CostLow

0.6% expense vs 0.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its FoF Domestic peers (1.5% vs 17.5%)
Low expense ratio (0.58%) vs the FoF Domestic average of 0.69%

Concerns

1-year return (+3.78%) trails the FoF Domestic average (+11.47%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.58%

Category 0.69%▼0.11%

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

—

Category —

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

—

Category 0.65

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

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.

16 Jun 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.10%

Absolute return over the last 3 months (not annualized)

+0.27%

Absolute return over the last 6 months (not annualized)

+3.32%

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

+2.86%

Annualized returns (≥1Y — CAGR)

Definitions

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

+3.78%

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.

+3.71%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.53%

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

-1.06%

Benchmark ratios

Not shown for FoF Domestic — 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	+0.10%	-3.43%	+3.53%
3M abs	+0.27%	-1.47%	+1.74%
6M abs	+3.32%	+4.75%	-1.43%
1Y CAGR	+3.78%	+11.47%	-7.69%
3Y CAGR	—	+19.25%	—
5Y CAGR	—	+12.58%	—

Category average across peers in FoF Domestic (151 of 153 carry a figure for at least one period), 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 153 peers in FoF Domestic

1Y return

+3.78%

Beats 39.5% · rank #70

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.22L

Absolute

+1.87%

XIRR

+4.09%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Union Income Plus Arbitrage Active FOF, 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	+2.86%
2025part	+1.94%

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

317

Expense ratio

0.58%

AUM

₹65.40Cr

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 · FoF Domestic

Compare all


Union Income Plus Arbitrage Active FOFThis fund Union · Regular · Growth	★★★☆☆ 1Y	+3.78%	—	—	—	0.58%	₹65.40Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+50.74%	+45.30%	—	—	0.65%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Regular · Growth	★★★★★	+49.37%	+45.20%	—	—	0.49%	₹4,544Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+49.73%	+44.95%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other94.02%
Cash & Equivalents5.98%

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 SarkarStart date not disclosed

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 (5)

All schemes Anindya Sarkar runs →

VTVishal ThakkerStart date not disclosed

Role

Dealer - Equity

Education

Master Finance Management

Experience

Mr. Thakker is appointed as a Co-Fund Manager of this Advantage Scheme. Prior to his appointment as a Co-Fund Manager, he has been associated with Union Asset Management Company Private Limited as Dealer - Equity since March 2017. Prior to this, he was associated with Elara Capital as Sales Trader from February 2010 till February 2017. He has also been associated with Emkay Shares & Stock Broking as a Dealer from June 2009 - February 2010. He has over 14 years of experience in equity derivative dealing functions.

Funds managed (2)

All schemes Vishal Thakker runs →

SPShrenuj ParekhStart date not disclosed

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 (1)

Union Corporate Bond Fund

All schemes Shrenuj Parekh 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.

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Fund managers

Anindya Sarkar Vishal Thakker 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.

Frequently asked questions

What is the NAV of Union Income Plus Arbitrage Active FOF?

As of 05 Oct 2026, the NAV of Union Income Plus Arbitrage Active FOF is ₹10.46 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Income Plus Arbitrage Active FOF delivered?

Union Income Plus Arbitrage Active FOF has returned +3.78% over 1 year and +3.71% 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 Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF charges an expense ratio of 0.58% 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 Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF's largest holdings are Union Corporate Bond Fund-Direct-Growth (39.8%), Union Arbitrage Fund - Direct-Growth (37.7%), Union Gilt Fund - Direct Plan - Growth (9.7%) and Union Short Duration Fund - Direct Plan- (6.8%). Holdings are disclosed monthly and change over time.

How risky is Union Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.5% and its worst peak-to-trough fall in our sample was -1.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Union Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF is managed by Anindya Sarkar, Vishal Thakker and Shrenuj Parekh at Union.

How is Union Income Plus Arbitrage Active FOF taxed?

Union Income Plus Arbitrage Active FOF 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.