Union Corporate Bond Fund Direct - Growth

Q: What are the returns of Union Corporate Bond Fund?

The Union Corporate Bond Fund is a 6 yrs 11 m old fund and has delivered average annual returns of 6.51% since inception. Union Corporate Bond Fund Returns 1-Year 3-Year 5-Year Since Inception 10.04% 7.01% 6.66% 6.51%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹15.4851+0.08% 1 day change	6.51% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹15.4851 as on Apr 23, 2025

This fund Category average

Union Corporate Bond Fund overview

VRO rating	2
Expense ratio	0.44% as on Mar 31, 2025
Exit load	1.0% Exit load of 1%, if redeemed within 15 days.!
AUM (Fund size)	₹320 Crs
Lock-in	No Lockin
Age	6 yrs 11 m since May 04, 2018
Benchmark	CRISIL Corporate Debt A-II
Min. investment	SIP ₹1000 & Lump. ₹1000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Union Corporate Bond 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 Apr 24, 2025

Period	This fund	Category average
1 month	2.08%	1.95%
3 months	3.45%	3.37%
6 months	5.14%	5.11%
1 year	10.04%	10.01%
3 years	7.01%	7.45%
5 years	6.66%	7.02%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 75.94%

SOV 19.52%

Cash & Call Money 4.0%

Others 0.54%

Top Debt Holdings

GOI 19.43%

Power Finance Corporation Ltd. 6.37%

Small Industries Devp. Bank of India Ltd. 6.3%

Reliance Industries Ltd. 3.25%

Allocation by Instruments

Debenture 25.330000000000002%

Bonds 22.21%

GOI Securities 19.43%

Bonds/NCDs 12.629999999999999%

Other Holdings

Others 0.54%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Union Corporate Bond Fund	N.A.	₹320 Crs	6 yrs 11 m	0.44%
Nippon India Corporate Bond Fund	N.A.	₹6,738 Crs	12 yrs 3 m	0.36%
PGIM India Corporate Bond Fund	N.A.	₹91 Crs	12 yrs 3 m	0.28%
Kotak Corporate Bond Fund	N.A.	₹14,639 Crs	12 yrs 3 m	0.34%
Sundaram Corporate Bond Fund	N.A.	₹699 Crs	11 yrs 11 m	0.34%
Franklin India Corporate Debt Fund	N.A.	₹759 Crs	12 yrs 3 m	0.23%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Corporate Bond Fund	2.08%	5.14%	10.04%	7.01%	6.66%	N.A.
Nippon India Corporate Bond Fund	2.16%	5.37%	10.5%	8.02%	7.49%	7.86%
PGIM India Corporate Bond Fund	2.0%	5.23%	10.02%	7.46%	7.24%	7.48%
Kotak Corporate Bond Fund	1.95%	5.15%	10.16%	7.61%	7.09%	7.79%
Sundaram Corporate Bond Fund	2.01%	5.1%	10.0%	7.15%	6.88%	7.76%
Franklin India Corporate Debt Fund	1.7%	4.93%	9.57%	7.23%	6.99%	7.82%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Corporate Bond Fund	1.34	0.77	0.05	0.06
Nippon India Corporate Bond Fund	1.18	0.69	0.9	1.16
PGIM India Corporate Bond Fund	1.04	0.59	0.56	0.78
Kotak Corporate Bond Fund	1.08	0.62	0.67	0.88
Sundaram Corporate Bond Fund	1.04	0.56	0.3	0.4
Franklin India Corporate Debt Fund	1.03	0.53	0.4	0.39

View all Corporate Bond funds

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

Alpha	-0.32 vs. 2.09 Underperformed at beating benchmark
Sharpe	0.05 vs. 2.69 Poor risk-adjusted returns
Beta	0.77 vs. 0.67 More sensitive to market's ups & downs
Standard deviation	1.34 vs. 1.21 More volatile performance

Compare Union Corporate Bond Fund in detail with

About this fund

About Union Corporate Bond Fund

Union Corporate Bond Fund Direct - Growth is a Corporate Bond mutual fund scheme from Union Mutual Fund. This fund has been in existence for 6 yrs 11 m, having been launched on 04/05/2018. Union Corporate Bond Fund Direct - Growth has ₹320 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 Corporate Bond Fund Direct - Growth as of 23/04/2025 is ₹15.49. The fund has an expense ratio of 0.44%, which is higher than what most other Corporate Bond funds charge.

Union Corporate Bond Fund Direct - Growth returns of last 1-year are 10.07%. Since launch, it has delivered 6.53% average annual returns.
Union Corporate Bond Fund Direct - Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, Power Finance Corporation Ltd., Small Industries Devp. Bank of India Ltd., Reliance Industries Ltd., National Bank For Agriculture & Rural Development.

...

Fund AUM	₹320 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Parijat Agrawal

Mr. Agrawal is a B.Tech and MBA from IIM Bangalore. Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Anindya Sarkar

Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.

Shrenuj Parekh

Mr. Parekh has done B.Com and CA Prior to joining Union Mutual Fund, Crisil Ltd, Axis Bank and Deloitte

Investment objective

The scheme seeks to achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities.

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	3Y
Union Gilt Fund	N.A.	₹129 Crs	12.63%	N.A.
Union Dynamic Bond Fund	N.A.	₹78 Crs	12.12%	7.6%
Union Money Market Fund	N.A.	₹167 Crs	7.81%	6.94%
Union Liquid Fund	N.A.	₹3,206 Crs	7.39%	6.93%
Union Overnight Fund	N.A.	₹253 Crs	6.58%	6.34%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Union Corporate Bond Fund?

The current Net Asset Value (NAV) of the Union Corporate Bond Fund - Direct Growth plan is approximately ₹15.4851 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Union Corporate Bond Fund is a 6 yrs 11 m old fund and has delivered average annual returns of 6.51% since inception.

Union Corporate Bond Fund Returns

1-Year	3-Year	5-Year	Since Inception
10.04%	7.01%	6.66%	6.51%

How much does this mutual fund charge as expense ratio?

The Union Corporate Bond Fund - Direct Growth has an expense ratio of 0.44%, 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 Corporate Bond Fund currently has assets under management (AUM) or fund size valued at approximately ₹320 Crs crore as of Mar 31, 2025.

To whom does Union Corporate Bond Fund lend to?

The top 3 debt holdings of Union Corporate Bond Fund are as follows

Holding Name	Percentage of Portfolio
GOI	19.43%
Power Finance Corporation Ltd.	6.37%
Small Industries Devp. Bank of India Ltd.	6.3%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Union Corporate Bond Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	75.94%
SOV	19.52%
Cash & Call Money	4.0%

What is risk level of Union Corporate Bond Fund?

This is a Corporate Bond fund comes with Moderate 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 Corporate Bond 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 Corporate Bond 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 Corporate Bond Fund is complete.

How can I redeem my investments in Union Corporate Bond Fund?

Redeeming your investments in Union Corporate Bond 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 Corporate Bond Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Corporate Bond

#NA

Return Outperformance: This fund has generated highest return amongst Corporate Bond funds in the last 3 Months .
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 1%, if redeemed within 15 days.