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Union Arbitrage Fund

Union Mutual Fund

Hybrid › Arbitrage Direct plan Growth SEBI riskometer: Low Risk.
20/100
Weak · Tradinity score
₹15.6993
0.0366 (+0.23%)
NAV on 1 Oct 2026
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NAV history

Returns as of 1 Oct 2026

Up to one year: absolute. Longer: annualised. Category = median of Arbitrage direct-plan Growth funds.

PeriodThis fundCategory medianRank in category
1 month +0.26% +0.24% —
3 months +1.59% +1.49% —
6 months +3.28% +3.19% —
1 year +6.59% +6.61% #18 of 32 Top 57%
3 years +7.19% +7.28% #19 of 25 Top 76%
5 years +6.55% +6.74% #16 of 20 Top 80%
10 years — +6.36% —
Since launch of NAV data+6.09%——

NAV high and low

WindowHighLow
1 month15.699315.6104
3 months15.699315.4542
6 months15.699315.2008
1 year15.699314.7280

A period is a dash when the fund has not existed that long or its NAV history has a hole at the start date — never a partial figure.

Calendar-year returns

202020212022202320242025YTD
This fund+4.99%+4.12%+4.30%+7.62%+8.23%+6.64%+4.91%
Category median+4.79%+4.21%+4.82%+7.78%+8.22%+7.02%+4.88%

Tradinity fund score

Twenty checks of five points each: performance, portfolio, operations, and risk against reward. Only checks we have data for are counted.

20/100
Weak · based on 15 of 20 checks
Performance0/15
  • ✗ Ranks in the top quarter of its category over 1 year
  • ✗ Ranks in the top quarter of its category over 3 years
  • ✗ Ranks in the top quarter of its category over 5 years
  • – Loses less than its reference index on the index's down days
  • – Keeps pace with its reference index on the index's up days
Portfolio10/20
  • ✗ Largest holding is 10% of the fund or less (largest holding 13.9%)
  • ✗ Top ten holdings are 50% of the fund or less (top ten 72.4%)
  • ✓ Holds at least 20 stocks (144 holdings)
  • ✓ No single sector is more than 35% of the fund (diversified equity categories) (largest sector Others 16.5%)
  • – Portfolio P/E is at or below the category median
Operations5/20
  • ✓ Has a track record of at least 5 years (7.6 years of NAV history)
  • ✗ Has a track record of at least 10 years
  • ✗ Expense ratio is at or below the category median (expense ratio 1.55%)
  • ✗ Fund size is above the category median (AUM Rs 80 crore)
  • – Lead manager has run the fund for 3 years or more (manager start date not on record)
Risk and reward0/20
  • ✗ Sharpe ratio is at or above the category median
  • ✗ Sortino ratio is at or above the category median
  • ✗ Volatility is at or below the category median
  • ✗ Worst 3-year fall is no deeper than the category median
  • – Jensen's alpha is positive

Risk and return ratios 3-year window

Risk-free rate 6.06% (3-year annualised return of the NSE 1-day (overnight) rate index). This category has no reference index in our data, so benchmark-relative ratios are not shown.

RatioThis fundCategory medianAgainst category
Sharpe ratio 1.01 1.09 Worse
Sortino ratio 1.58 1.68 Worse
Standard deviation 1.12% 1.08% Worse
Maximum drawdown -0.58% -0.44% Worse
Beta — — —
R-squared — — —
Jensen's alpha — — —
Treynor ratio — — —
Information ratio — — —
Upside capture — — —
Downside capture — — —

SIP returns (monthly instalments, XIRR)

1 year
+6.50%
3 years
+6.79%
5 years
+6.97%

What if you had invested?

Computed from this fund's actual NAVs. A SIP buys at the first NAV of each month and is valued at the latest NAV. Past returns do not guarantee future ones.

Portfolio as of 31 Aug 2026

Weights are % of the scheme's assets from the latest month-end disclosure available to Tradinity. The feed carries weights only: no quantities or rupee values.

Holdings
144
Top 5 / top 10
50.1% / 72.4%
Largest holding
13.9%
Mapped to Tradinity companies
72%
Portfolio P/E
—
category median 24.3
Portfolio ROE
8.3%
category median 11.8%
Portfolio dividend yield
—
Largest sector
Others 16.5%

Valuation ratios are weighted over the holdings we can match to a company (harmonic mean for P/E) and are withheld when they cover under half the portfolio.

Asset allocation

Equity73.96%
Mutual Funds13.94%
Certificate of Deposit6.57%
Cash & Equivalents5.39%
Treasury Bills0.14%

Sector allocation

Click a sector to filter the holdings below (holdings map to our sector list where the company is known).

Holdings

Export CSV
HoldingSectorWeight3M changeP/E
Union Money Market Fund - Direct Plan - — 13.94% 13.94 pp —
Union Money Market Fund - Direct Plan - — 13.94% — —
TREPS — 7.82% 5.54 pp —
TREPS — 7.82% — —
Bank of Baroda — 6.57% 0.74 pp —
Bank of Baroda** — 6.57% — —
Patanjali Foods Ltd. Fast Moving Consumer Goods 4.51% — 19.6
Patanjali Foods Ltd Fast Moving Consumer Goods 4.51% 4.20 pp 19.6
Reliance Industries Ltd. Oil, Gas & Consumable Fuels 3.36% — 40.9
Reliance Industries Ltd Oil, Gas & Consumable Fuels 3.36% 0.23 pp 40.9
Bharti Airtel Ltd. Telecommunication 2.81% — 68.2
Bharti Airtel Ltd Telecommunication 2.81% 0.06 pp 68.2
Kotak Mahindra Bank Ltd Financial Services 2.70% 0.44 pp —
Kotak Mahindra Bank Ltd. Financial Services 2.70% — —
HDFC Bank Limited Financial Services 2.63% -0.99 pp —
HDFC Bank Ltd. Financial Services 2.63% — —
Vodafone Idea Ltd Telecommunication 2.60% 0.25 pp 3.7
Vodafone Idea Ltd. Telecommunication 2.60% — 3.7
NTPC Ltd Power 2.07% 0.92 pp 13.2
NTPC Ltd. Power 2.07% — 13.2
Max Financial Services Ltd. Financial Services 2.00% — —
Max Financial Services Ltd Financial Services 2.00% 0.01 pp —
JSW Steel Limited Metals & Mining 1.88% 0.10 pp 42.0
JSW Steel Ltd. Metals & Mining 1.88% — 42.0
SBI Life Insurance Co. Ltd. Financial Services 1.66% — —
SBI Life Insurance Company Ltd Financial Services 1.66% 0.50 pp —
State Bank of India Financial Services 1.62% 0.21 pp —
State Bank of India Financial Services 1.62% — —
Tata Steel Ltd Metals & Mining 1.54% 0.13 pp 13.0
Tata Steel Ltd. Metals & Mining 1.54% — 13.0
Eicher Motors Ltd. Automobile and Auto Components 1.48% — 36.8
Eicher Motors Ltd Automobile and Auto Components 1.48% 0.30 pp 36.8
BSE Ltd. Financial Services 1.46% — —
BSE Ltd Financial Services 1.46% 1.46 pp —
Polycab India Ltd. Capital Goods 1.45% — 43.3
Polycab India Limited Capital Goods 1.45% 1.45 pp 43.3
Axis Bank Ltd. Financial Services 1.44% — —
Bajaj Finance Ltd. Financial Services 1.44% — —
Cipla Ltd. Healthcare 1.44% — 35.1
Cipla Ltd Healthcare 1.44% -0.16 pp 35.1
Bajaj Finance Ltd Financial Services 1.44% 0.21 pp —
Axis Bank Limited Financial Services 1.44% 0.10 pp —
ICICI Bank Limited Financial Services 1.43% 0.22 pp —
ICICI Bank Ltd. Financial Services 1.43% — —
Bharat Heavy Electricals Ltd Capital Goods 1.42% -0.52 pp 61.8
Bharat Heavy Electricals Ltd. Capital Goods 1.42% — 61.8
Tata Consumer Products Ltd Fast Moving Consumer Goods 1.24% 0.35 pp 57.7
Tata Consumer Products Ltd. Fast Moving Consumer Goods 1.24% — 57.7
Sun Pharmaceutical Industries Ltd. Healthcare 1.20% — 143.5
Sun Pharmaceutical Industries Ltd Healthcare 1.20% 0.00 pp 143.5
Federal Bank Ltd Financial Services 1.13% 0.70 pp —
The Federal Bank Ltd. Financial Services 1.13% — —
Manappuram Finance Ltd Financial Services 1.11% 1.11 pp —
Manappuram Finance Ltd. Financial Services 1.11% — —
TVS Motor Company Limited Automobile and Auto Components 1.10% 0.31 pp 47.7
TVS Motor Company Ltd. Automobile and Auto Components 1.10% — 47.7
Interglobe Aviation Ltd. Services 1.07% — —
Interglobe Aviation Ltd Services 1.07% 1.07 pp —
Adani Ports and Special Economic Zone Ltd Services 1.06% -0.02 pp 161.0
Adani Ports and Special Economic Zone Ltd. Services 1.06% — 161.0
Apollo Hospitals Enterprise Ltd. Healthcare 1.06% — 73.1
Apollo Hospitals Enterprise Limited Healthcare 1.06% 0.13 pp 73.1
Jio Financial Services Limited Financial Services 1.05% 0.13 pp —
Jio Financial Services Ltd. Financial Services 1.05% — —
Radico Khaitan Ltd. Fast Moving Consumer Goods 1.04% — 82.6
Radico Khaitan Limited Fast Moving Consumer Goods 1.04% 1.04 pp 82.6
Steel Authority of India Ltd. Metals & Mining 1.00% — 17.5
Steel Authority of India Ltd Metals & Mining 1.00% 1.00 pp 17.5
Kalyan Jewellers India Limited Consumer Durables 0.99% 0.99 pp 42.6
Kalyan Jewellers India Ltd. Consumer Durables 0.99% — 42.6
DLF Ltd Realty 0.92% 0.18 pp 44.1
DLF Ltd. Realty 0.92% — 44.1
Nippon Life India Asset Management Ltd. Financial Services 0.90% — —
UPL Ltd. Chemicals 0.90% — 55.9
UPL Limited Chemicals 0.90% 0.08 pp 55.9
Nippon Life India Asset Management Ltd Financial Services 0.90% 0.90 pp —
Solar Industries India Ltd Chemicals 0.82% 0.06 pp 136.0
Solar Industries India Ltd. Chemicals 0.82% — 136.0
ITC Ltd. Fast Moving Consumer Goods 0.80% — 17.8
Maruti Suzuki India Ltd. Automobile and Auto Components 0.80% — 25.8
UNO Minda Ltd. Automobile and Auto Components 0.80% — 67.4
ITC Ltd Fast Moving Consumer Goods 0.80% -0.01 pp 17.8
Maruti Suzuki India Ltd Automobile and Auto Components 0.80% -0.55 pp 25.8
UNO Minda Ltd Automobile and Auto Components 0.80% 0.19 pp 67.4
Hindustan Unilever Ltd. Fast Moving Consumer Goods 0.78% — 39.8
Hindustan Unilever Ltd Fast Moving Consumer Goods 0.78% 0.03 pp 39.8
Delhivery Limited Services 0.77% 0.77 pp 101.6
Larsen and Toubro Ltd Construction 0.77% 0.06 pp 71.1
Delhivery Ltd. Services 0.77% — 101.6
Larsen & Toubro Ltd. Construction 0.77% — 71.1
Ambuja Cements Ltd Construction Materials 0.74% 0.04 pp 24.2
Ambuja Cements Ltd. Construction Materials 0.74% — 24.2
Divi's Laboratories Ltd. Healthcare 0.69% — 83.0
Life Insurance Corporation of India Financial Services 0.69% — —
Life Insurance Corporation Of India Financial Services 0.69% 0.69 pp —
Divi's Laboratories Ltd Healthcare 0.69% 0.26 pp 83.0
Bajaj Finserv Ltd. Financial Services 0.66% — —
Power Grid Corporation of India Ltd. Power 0.66% — 15.2
Bajaj Finserv Ltd Financial Services 0.66% -0.21 pp —
Power Grid Corporation of India Limited Power 0.66% -0.56 pp 15.2
Biocon Limited Healthcare 0.65% 0.65 pp 596.5
Biocon Ltd. Healthcare 0.65% — 596.5
Mahindra and Mahindra Ltd Automobile and Auto Components 0.62% 0.10 pp 21.6
Mahindra & Mahindra Ltd. Automobile and Auto Components 0.62% — 21.6
Ultratech Cement Ltd. Construction Materials 0.60% — 42.2
UltraTech Cement Ltd Construction Materials 0.60% 0.46 pp 42.2
Yes Bank Ltd. Financial Services 0.58% — —
Yes Bank Limited Financial Services 0.58% 0.03 pp —
Jindal Steel Ltd Metals & Mining 0.54% -0.91 pp 44.0
Jindal Steel Ltd. Metals & Mining 0.54% — 44.0
Bharat Electronics Ltd. Capital Goods 0.46% — 46.0
Shriram Finance Ltd. Financial Services 0.46% — —
Shriram Finance Limited Financial Services 0.46% -0.59 pp —
Bharat Electronics Ltd Capital Goods 0.46% 0.05 pp 46.0
Hindalco Industries Ltd Metals & Mining 0.45% -0.28 pp 16.0
Hindalco Industries Ltd. Metals & Mining 0.45% — 16.0
Muthoot Finance Ltd. Financial Services 0.45% — —
Muthoot Finance Ltd Financial Services 0.45% 0.45 pp —
IndusInd Bank Ltd. Financial Services 0.42% — —
IndusInd Bank Limited Financial Services 0.42% -0.47 pp —
Bank of Baroda Ltd Financial Services 0.41% -0.01 pp —
Bank of Baroda Financial Services 0.41% — —
Adani Energy Solutions Ltd Power 0.39% 0.02 pp 350.6
Adani Energy Solutions Ltd. Power 0.39% — 350.6
HDFC Life Insurance Company Ltd. Financial Services 0.38% — —
HDFC Life Insurance Company Ltd Financial Services 0.38% -0.91 pp —
Torrent Pharmaceuticals Ltd Healthcare 0.37% 0.37 pp 77.7
Torrent Pharmaceuticals Ltd. Healthcare 0.37% — 77.7
Tech Mahindra Limited Information Technology 0.31% 0.31 pp 39.4
Tech Mahindra Ltd. Information Technology 0.31% — 39.4
Mankind Pharma Ltd Healthcare 0.27% 0.27 pp 46.9
Mankind Pharma Ltd. Healthcare 0.27% — 46.9
NMDC Ltd. Metals & Mining 0.27% — 8.7
NMDC Ltd Metals & Mining 0.27% 0.22 pp 8.7
Coforge Ltd. Information Technology 0.26% — 55.8
Coforge Limited Information Technology 0.26% 0.26 pp 55.8
JSW Energy Ltd. Power 0.18% — 97.8
JSW Energy Ltd Power 0.18% 0.13 pp 97.8
Hero MotoCorp Ltd. Automobile and Auto Components 0.15% — 18.2
Hero MotoCorp Ltd Automobile and Auto Components 0.15% -0.67 pp 18.2
91 Day Treasury Bills — 0.14% — —
91 Day Treasury Bills — 0.14% 0.14 pp —
Grasim Industries Ltd. Construction Materials 0.08% — 282.5
Grasim Industries Limited Construction Materials 0.08% -1.47 pp 282.5

This is a paid feature

Comparing more months of this fund's own portfolio history is available on paid plans.

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Fund details

Fund houseUnion Mutual Fund
AMFI scheme code146297
CategoryHybrid › Arbitrage
AMFI categoryOpen Ended Schemes(Hybrid Scheme - Arbitrage Fund)
Plan / optionDirect / Growth
ISININF582M01ES7
NAV history from27 Feb 2019
NAV points on record1,868

Cost and size

Expense ratio (direct, Sep 2026)
1.55%
category median 1.47%
Assets under management
₹80 crore
average, September-2026
Regular plan expense ratio
2.17%

Expense ratio by month: Oct 25 0.53% · Nov 25 0.53% · Dec 25 0.53% · Jan 26 0.39% · Feb 26 0.36% · Mar 26 0.37% · Apr 26 0.38% · May 26 0.39% · Jun 26 1.26% · Jul 26 1.39% · Aug 26 1.52% · Sep 26 1.55%

From the scheme information document

Benchmark
NIFTY 50 Arbitrage Index#; #Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Formerly Indian Index Services & Produc
Not applicable
SEBI riskometer
Low Risk.
Registrar
Computer Age Management Services Limited (CAMS)
Minimum investment
1000
Minimum additional
1000
SIP
SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, STP - Rs. 100 for all frequencies SWP - Rs. 500 for …
Fund manager(s)
FM 1 Mr. Vishal Thakker,FM 2 Mr. Devesh Thacker

Exit load

0.25% if units are redeemed or switched out on or before completion of 1 month from the date of allotment of units.; Nil if units are redeemed or switched out after completion of 1 month from the date of allotment of units

Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the Investment Objective of the scheme will be achieved.

Scheme information document

Fund house: website · factsheets · monthly portfolio · annual report

Not available: Morningstar rating (proprietary). "NAV history from" is the first NAV we hold.

Other plans of this fund

Returns are computed by Tradinity from each scheme's own published NAV, so they are net of the fund's expenses. Periods over one year are annualised (CAGR). Past performance does not indicate future returns. Only Growth-option schemes are ranked: an IDCW scheme pays cash out of its NAV, so its NAV understates what an investor earned.