Union Arbitrage Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The Union Arbitrage Fund Direct - Growth is a 6 yrs 8 m old fund and has delivered average annual returns of 6.01% since inception. Union Arbitrage Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 6.7% 7.47% 6.05% 6.01%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹14.7853+0.02% 1 day change	6.01% p.a.	App exclusive #NA View Ranked Funds	₹300 Cr

Historical NAV & returns

NAV: ₹14.7853 as on Oct 20, 2025

This fund Category average

Union Arbitrage Fund overview

Expense ratio	0.53% as on Sep 30, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 1 months.!
AUM (Fund size)	₹300 Cr
Lock-in Period	Nil
Age	6 yrs 8 m since Jan 30, 2019
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Risk	Low
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Union Arbitrage Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 17, 2025

Period	This fund	Category average
1 Month	0.53%	0.56%
3 Months	1.29%	1.37%
6 Months	2.75%	2.9%
1 Year	6.7%	6.9%
2 Years	7.42%	7.48%
3 Years	7.47%	7.54%
4 Years	6.55%	6.7%
5 Years	6.05%	6.18%

Asset allocationas on Sep 30, 2025

Large Cap -0.39%

Mid Cap -0.12%

Small Cap -0.06%

Other Cap -0%

Top holdings

RBL Bank Ltd.5.47%

Bharti Airtel Ltd.3.13%

HDFC Bank Ltd.2.93%

Kotak Mahindra Bank Ltd.2.69%

Top sectors

Financial 26.619999999999997%

Services 6.309999999999999%

Metals & Mining 6.15%

Energy 5.73%

Cash 74.6%

A1+ 15.052035%

Cash & Call Money 4.467763%

AAA 3.62975%

Top Debt Holdings

Small Industries Devp. Bank of India Ltd. 3.39%

Punjab National Bank 3.25%

Reserve Bank of India 0.1%

Allocation by Instruments

Cash Margin 74.6%

Mutual Fund 14.35%

Net Receivables 4.28%

Bonds 3.39%

Other Holdings

Union Liquid Direct 9.59%

Union Money Market Fund Direct - Growth 4.76%

Others 4.28%

Detailed portfolio analysis

Key risk & return ratios Compared to other funds in the category

Alpha	1.28 vs. 2.62 Underperformed at beating benchmark
Sharpe	1.95 vs. 2.65 Poor risk-adjusted returns
Beta	0.22 vs. 1.35 Less sensitive to market ups & downs
Standard deviation	0.45 vs. 0.31 More volatile performance

Compare Union Arbitrage Fund in detail with

About this fund

About Union Arbitrage Fund

Union Arbitrage Fund Direct - Growth is a Arbitrage mutual fund scheme from Union Mutual Fund. This fund has been in existence for 6 yrs 8 m, having been launched on 30/01/2019. Union Arbitrage Fund Direct - Growth has ₹300 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Arbitrage Fund Direct - Growth as of 20/10/2025 is ₹14.79. The fund has an expense ratio of 0.53%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.57% allocation to equity and 21.50% to Debt.

Union Arbitrage Fund Direct - Growth returns of last 1-year are 6.98%. Since launch, it has delivered 6.04% average annual returns.
Union Arbitrage Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's equity portion is primarily invested in Financial, Unclassified, Services, Metals & Mining, Energy sectors. It has taken less exposure in Financial, Unclassified sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in Union Liquid Direct, RBL Bank Ltd., Union Money Market Fund Direct - Growth, Small Industries Devp. Bank of India Ltd., Punjab National Bank.

...

Fund AUM	300 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Devesh Thacker

Mr. Thacker is a B.Com (H) and Post graduate from University of Pune. Prior to joining Union AMC in 2011 he has worked with Sahara AMC.

Vishal Thakker

Mr.Thakker has done B.Com & M.B.A Prior joining to Union Mutual Fund he has worked with Elara Capital and Emkay Shares & Stock Broking.

Investment objective

The scheme seeks 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.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	23,799 Cr as on Sep 30, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Union Aggressive Hybrid Fund	N.A.	654 Cr	8.14%	N.A.
Union Balanced Advantage Fund	N.A.	1,345 Cr	7.8%	12.04%
Union Equity Savings Fund	N.A.	136 Cr	5.65%	8.79%
Union Multi Asset Allocation Fund	N.A.	778 Cr	17.24%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Union Arbitrage Fund Direct - Growth?

The current Net Asset Value (NAV) of the Union Arbitrage Fund - Direct Growth plan is approximately ₹14.7853 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Union Arbitrage Fund Direct - Growth is a 6 yrs 8 m old fund and has delivered average annual returns of 6.01% since inception.

Union Arbitrage Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
6.7%	7.47%	6.05%	6.01%

How much does this mutual fund charge as expense ratio?

The Union Arbitrage Fund - Direct Growth has an expense ratio of 0.53%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Union Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 300 Cr as on Sep 30, 2025.

What is risk level of Union Arbitrage Fund?

This is a Arbitrage fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Union Arbitrage Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Union Arbitrage Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Union Arbitrage Fund is complete.

How can I redeem my investments in Union Arbitrage Fund?

Redeeming your investments in the Union Arbitrage Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Arbitrage

#NA

Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25% if redeemed within 1 months.