Union Arbitrage Fund Direct - Growth

Q: What are the returns of Union Arbitrage Fund?

The Union Arbitrage Fund is a 6 yrs 4 m old fund and has delivered average annual returns of 6.01% since inception. Union Arbitrage Fund Returns 1-Year 3-Year 5-Year Since Inception 7.32% 7.3% 5.83% 6.01%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹14.4588+0.04% 1 day change	6.01% p.a.	#NA View Ranked Funds	₹302 Crs

Historical NAV & returns

NAV: ₹14.4588 as on Jun 05, 2025

This fund Category average

Union Arbitrage Fund overview

Expense ratio	0.46% as on May 31, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 1 months.!
AUM (Fund size)	₹302 Crs
Lock-in	No Lockin
Age	6 yrs 4 m since Jan 30, 2019
Benchmark	Nifty 50 Arbitrage
Min. investment	This scheme is currently not buyable
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, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

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 Jun 01, 2025

Period	This fund	Category average
1 Month	0.43%	0.44%
3 Months	1.68%	1.8%
6 Months	3.57%	3.65%
1 Year	7.32%	7.44%
2 Years	7.88%	7.89%
3 Years	7.3%	7.34%
4 Years	6.39%	6.5%
5 Years	5.83%	6.0%

Asset allocationas on Apr 30, 2025

Large Cap -0.139398%

Mid Cap -0.062874%

Small Cap -0.0077280000000000005%

Other Cap 0.0%

Top holdings

HDFC Bank Ltd.3.02%

Reliance Industries Ltd.2.44%

Divi's Laboratories Ltd.2.04%

NTPC Ltd.1.78%

Top sectors

Financial 15.84%

Services 9.3%

Technology 6.98%

Energy 6.88%

Cash 75.13%

A1+ 13.552245%

Cash & Call Money 7.693231%

SOV 3.798275%

Top Debt Holdings

Reserve Bank of India 1.1%

Allocation by Instruments

Cash Margin 75.13%

Mutual Fund 16.5%

Reverse Repo 5.14%

Net Receivables 2.14%

Other Holdings

Union Liquid Direct 12.89%

Union Money Market Fund Direct - Growth 3.61%

Others 2.14%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Union Arbitrage Fund	N.A.	₹302 Crs	6 yrs 4 m	0.46%
Tata Arbitrage Fund	N.A.	₹12,790 Crs	6 yrs 5 m	0.31%
Invesco India Arbitrage Fund	N.A.	₹22,341 Crs	12 yrs 5 m	0.39%
Edelweiss Arbitrage Fund	N.A.	₹14,003 Crs	10 yrs 11 m	0.38%
Axis Arbitrage Fund	N.A.	₹5,746 Crs	10 yrs 10 m	0.33%
Aditya Birla Sun Life Arbitrage Fund	N.A.	₹14,236 Crs	12 yrs 5 m	0.31%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Arbitrage Fund	0.43%	3.57%	7.32%	7.3%	5.83%	N.A.
Tata Arbitrage Fund	0.48%	3.84%	7.76%	7.61%	6.28%	4.17%
Invesco India Arbitrage Fund	0.45%	3.75%	7.65%	7.75%	6.36%	6.48%
Edelweiss Arbitrage Fund	0.45%	3.8%	7.64%	7.6%	6.26%	6.6%
Axis Arbitrage Fund	0.46%	3.77%	7.59%	7.4%	6.15%	6.5%
Aditya Birla Sun Life Arbitrage Fund	0.47%	3.85%	7.73%	7.54%	6.15%	6.41%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Arbitrage Fund	0.56	0.51	1.27	1.52
Tata Arbitrage Fund	0.51	0.61	1.97	2.22
Invesco India Arbitrage Fund	0.48	0.41	2.37	2.68
Edelweiss Arbitrage Fund	0.55	0.54	1.81	2.0
Axis Arbitrage Fund	0.56	0.63	1.42	1.51
Aditya Birla Sun Life Arbitrage Fund	0.53	0.62	1.74	1.9

View all Arbitrage funds

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

Alpha	1.68 vs. 2.67 Underperformed at beating benchmark
Sharpe	1.27 vs. 2.42 Poor risk-adjusted returns
Beta	0.51 vs. 0.75 Less sensitive to market ups & downs
Standard deviation	0.56 vs. 0.41 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 4 m, having been launched on 30/01/2019. Union Arbitrage Fund Direct - Growth has ₹302 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Arbitrage Fund Direct - Growth as of 05/06/2025 is ₹14.46. The fund has an expense ratio of 0.46%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.21% allocation to equity and 17.39% to Debt.

Union Arbitrage Fund Direct - Growth returns of last 1-year are 7.22%. Since launch, it has delivered 6.03% 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 Unclassified, Financial, Services, Technology, Energy sectors. It has taken less exposure in Unclassified, Financial 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, Union Money Market Fund Direct - Growth, HDFC Bank Ltd., Reliance Industries Ltd., Divi's Laboratories Ltd..

...

Fund AUM	₹302 Crs as on Mar 31, 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	26 view all schemes
Total AUM	₹19,972 Crs as on Mar 31, 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 (in Crs.)	1Y	5Y
Union Balanced Advantage Fund	N.A.	₹1,378 Crs	8.27%	14.03%
Union Aggressive Hybrid Fund	N.A.	₹635 Crs	10.72%	N.A.
Union Equity Savings Fund	N.A.	₹137 Crs	6.98%	9.76%
Union Multi Asset Allocation Fund	N.A.	₹798 Crs	N.A.	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Union Arbitrage Fund?

The current Net Asset Value (NAV) of the Union Arbitrage Fund - Direct Growth plan is approximately ₹14.4588 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Union Arbitrage Fund is a 6 yrs 4 m old fund and has delivered average annual returns of 6.01% since inception.

Union Arbitrage Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.32%	7.3%	5.83%	6.01%

How much does this mutual fund charge as expense ratio?

The Union Arbitrage Fund - Direct Growth has an expense ratio of 0.46%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 ₹302 Crs crore as of Mar 31, 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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Union Arbitrage Fund is complete.

How can I redeem my investments in Union Arbitrage Fund?

Redeeming your investments in Union Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

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.