Union Ultra Short to Short Term Fund
This is the Regular plan of Union Ultra Short to Short 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.
NAV history
Scorecard
★☆☆☆☆1/5 vs 26 Low Duration Fund 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 Low Duration Fund (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.
Not enough Low Duration Fund peers to rank yet
Volatility 0.6% vs 0.5% category avg
0.9% expense vs 0.8% category avg
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
No standout strengths identified.
Concerns
- 1-year return (+4.97%) trails the Low Duration Fund average (+5.70%)
- Ranks #25 of 25 on 1-year return in its Low Duration Fund cohort
- More volatile than its Low Duration Fund peers (0.6% vs 0.5%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Low Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.29% | +0.38% | -0.09% |
| 3M abs | +1.02% | +1.22% | -0.20% |
| 6M abs | +2.84% | +3.17% | -0.33% |
| 1Y CAGR | +4.97% | +5.70% | -0.73% |
| 3Y CAGR | — | +6.82% | — |
| 5Y CAGR | — | +6.11% | — |
Category average across peers in Low Duration Fund (up to 26 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 26 peers in Low Duration Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Union Ultra Short to 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 | +3.64% | |
| 2025part | +2.27% |
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.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio down: 0.98% → 0.86%02 Oct 2026
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt87.25%
- Cash & Equivalents12.75%
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
DTDevesh ThackerStart date not disclosed
Fund Manager - Fixed Income
B.Com (Bachelor of Commerce) & M.B.A (Masters of Business Administration)
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.
ASAnindya SarkarStart date not disclosed
Fund Manager - Fixed Income
BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
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.
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 · 4d ago
‘Tukka Nahi, Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaign
Passionate In Marketing · 4d ago
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The Economic Times · 24d ago
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Union Short Term Fund(Ex)-IDCW Fortnightly
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 Low Duration funds
Low duration funds run a Macaulay duration of 6 to 12 months. They sit between ultra short and short duration funds, aimed at money with a horizon of about a year.
Frequently asked questions
What is the NAV of Union Ultra Short to Short Term Fund?
As of 01 Oct 2026, the NAV of Union Ultra Short to Short Term Fund is ₹10.61 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Union Ultra Short to Short Term Fund delivered?
Union Ultra Short to Short Term Fund has returned +4.97% over 1 year and +4.95% 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 Ultra Short to Short Term Fund?
Union Ultra Short to Short Term Fund charges an expense ratio of 0.86% 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 Ultra Short to Short Term Fund?
Union Ultra Short to Short Term Fund's largest holdings are Jamnagar Utilities & Power Pvt. Ltd. (7.0%), Bajaj Finance Ltd. (6.9%), National Bank for Agriculture and Rural Development (6.9%), Tata Capital Housing Finance Ltd. (6.9%) and Power Finance Corporation Ltd. (6.9%). Holdings are disclosed monthly and change over time.
How risky is Union Ultra Short to Short Term Fund?
Union Ultra Short to Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.6% and its worst peak-to-trough fall in our sample was -0.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Union Ultra Short to Short Term Fund?
Union Ultra Short to Short Term Fund is benchmarked against the • As per AMFI Tier I benchmark: $ Nifty Low Duration Debt Index A-I $ Nifty Benchmark Disclaimer: The Product(s) are not. Its alpha and beta on this page are measured against that index.
Who manages Union Ultra Short to Short Term Fund?
Union Ultra Short to Short Term Fund is managed by Devesh Thacker and Anindya Sarkar at Union.
How is Union Ultra Short to Short Term Fund taxed?
Union Ultra Short to 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.