Union Corporate Bond Fund Direct - Growth

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

The Union Corporate Bond Fund Direct - Growth is a 7 yrs 5 m old fund and has delivered average annual returns of 6.51% since inception. Union Corporate Bond Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 8.51% 7.91% 5.87% 6.51%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.9871+0.04% 1 day change	6.51% p.a.	App exclusive #NA View Ranked Funds	₹553 Cr

Historical NAV & returns

NAV: ₹15.9871 as on Oct 20, 2025

This fund Category average

Union Corporate Bond Fund overview

Expense ratio	0.41% as on Sep 30, 2025
Exit load	1.0% Exit load of 1%, if redeemed within 15 days.!
AUM (Fund size)	₹553 Cr
Lock-in Period	Nil
Age	7 yrs 5 m since May 04, 2018
Benchmark	CRISIL Corporate Debt A-II
Min. investment	SIP: ₹1000 & Lumpsum: ₹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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.8%	0.77%
3 Months	1.2%	1.3%
6 Months	3.28%	3.21%
1 Year	8.51%	8.42%
2 Years	8.6%	8.56%
3 Years	7.91%	8.09%
4 Years	6.39%	6.7%
5 Years	5.87%	6.27%
7 Years	6.58%	7.56%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 66.93%

SOV 16.23%

Cash & Call Money 11.94%

AA+ 4.58%

Top Debt Holdings

GOI 16.18%

Power Finance Corporation Ltd. 6.38%

Small Industries Devp. Bank of India Ltd. 5.52%

Mankind Pharma Ltd. 4.58%

Allocation by Instruments

Debenture 30.11%

GOI Securities 16.18%

Bonds 14.76%

Bonds/Debentures 10.95%

Other Holdings

Others 0.32%

Detailed portfolio analysis

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

Alpha	0.75 vs. 2.93 Underperformed at beating benchmark
Sharpe	0.96 vs. 3.57 Poor risk-adjusted returns
Beta	0.64 vs. 1.08 Less sensitive to market ups & downs
Standard deviation	1.22 vs. 1.1 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 7 yrs 5 m, having been launched on 04/05/2018. Union Corporate Bond Fund Direct - Growth has ₹553 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 Corporate Bond Fund Direct - Growth as of 20/10/2025 is ₹15.99. The fund has an expense ratio of 0.41%, which is close to what most other Corporate Bond funds charge.

Union Corporate Bond Fund Direct - Growth returns of last 1-year are 8.58%. Since launch, it has delivered 6.54% average annual returns.
Union Corporate Bond 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 below average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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., Mankind Pharma Ltd., Power Grid Corporation Of India Ltd..

...

Fund AUM	553 Cr as on Sep 30, 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	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	3Y
Union Gilt Fund	N.A.	127 Cr	4.78%	7.32%
Union Money Market Fund	N.A.	215 Cr	7.41%	7.29%
Union Dynamic Bond Fund	N.A.	106 Cr	5.47%	7.16%
Union Liquid Fund	N.A.	5,008 Cr	6.79%	7.11%
Union Overnight Fund	N.A.	220 Cr	6.0%	6.44%

See all Debt funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Union Corporate Bond Fund - Direct Growth plan is approximately ₹15.9871 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Union Corporate Bond Fund Direct - Growth is a 7 yrs 5 m old fund and has delivered average annual returns of 6.51% since inception.

Union Corporate Bond Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
8.51%	7.91%	5.87%	6.51%

How much does this mutual fund charge as expense ratio?

The Union Corporate Bond Fund - Direct Growth has an expense ratio of 0.41%, 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 Corporate Bond Fund currently has assets under management (AUM) or fund size valued at approximately 553 Cr as on Sep 30, 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	16.18%
Power Finance Corporation Ltd.	6.38%
Small Industries Devp. Bank of India Ltd.	5.52%

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	66.93%
SOV	16.23%
Cash & Call Money	11.94%

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 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 Corporate Bond 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 Corporate Bond Fund is complete.

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

Redeeming your investments in the Union Corporate Bond 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 Corporate Bond

#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 1%, if redeemed within 15 days.