Union Liquid Fund

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

The Union Liquid Fund is a 14 yrs 7 m old fund and has delivered average annual returns of 6.74% since inception. Union Liquid Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.35% 6.94% 5.85% 5.7% 6.74%

Q: How much does this mutual fund charge as expense ratio?

The Union Liquid Fund has an expense ratio of 0.17% , 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.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹2598.7833+0.03% 1 day change	6.74% p.a.	App exclusive #NA View Ranked Funds	₹5,729 Cr

Historical NAV & returns

NAV: ₹2598.7833 as on Feb 02, 2026

This fund Category average

Union Liquid Fund overview

AUM (Fund size)	₹5,729 Cr
Exit load	0.007% Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.!
Lock-in Period	Nil
Age	14 yrs 7 m since Jun 14, 2011
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.17% as on Feb 02, 2026
Plan type	Regular
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Union Liquid 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.45%	0.44%
3 Months	1.43%	1.27%
6 Months	2.89%	2.69%
1 Year	6.35%	6.09%
2 Years	6.84%	6.65%
3 Years	6.94%	6.76%
4 Years	6.48%	6.32%
5 Years	5.85%	5.69%
7 Years	5.65%	5.49%
10 Years	5.7%	6.12%

Asset allocationas on Dec 31, 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

A1+ 79.44%

SOV 16.56%

AAA 8.82%

Others 0.17%

Top Debt Holdings

Reserve Bank of India 13.42%

HDFC Bank Ltd. 8.2%

Punjab National Bank 5.35%

Axis Bank Ltd. 4.33%

Allocation by Instruments

Certificate of Deposit 39.43%

Commercial Paper 38.28999999999999%

Treasury Bills 13.42%

Debenture 4.8%

Other Holdings

Others 0.17%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Liquid Fund	0.45%	2.89%	6.35%	6.94%	5.85%	5.7%
Canara Robeco Liquid Fund	0.42%	2.85%	6.35%	6.94%	5.84%	6.01%
Mirae Asset Liquid Fund	0.42%	2.85%	6.3%	6.91%	5.83%	6.06%
Bank of India Liquid Fund	0.45%	2.9%	6.4%	6.99%	5.89%	6.12%
Mahindra Manulife Liquid Fund	0.43%	2.87%	6.32%	6.93%	5.85%	5.8%
JM Liquid Fund	0.43%	2.82%	6.24%	6.83%	5.78%	6.09%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Liquid Fund	0.19	0.2	3.13	5.13
Canara Robeco Liquid Fund	0.2	0.24	2.89	4.16
Mirae Asset Liquid Fund	0.2	0.23	2.79	4.37
Bank of India Liquid Fund	0.19	0.21	3.36	5.0
Mahindra Manulife Liquid Fund	0.19	0.22	3.05	4.5
JM Liquid Fund	0.18	0.21	2.66	3.59

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Liquid Fund	N.A.	5,729 Cr	14 yrs 7 m	0.17%
Canara Robeco Liquid Fund	N.A.	5,149 Cr	17 yrs 6 m	0.15%
Mirae Asset Liquid Fund	N.A.	15,757 Cr	17 yrs	0.19%
Bank of India Liquid Fund	N.A.	1,107 Cr	17 yrs 6 m	0.14%
Mahindra Manulife Liquid Fund	N.A.	1,216 Cr	9 yrs 6 m	0.26%
JM Liquid Fund	N.A.	2,285 Cr	28 yrs 1 m	0.26%

View all Liquid funds

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

Alpha	0.96 vs. 2.81 Underperformed at beating benchmark
Sharpe	3.13 vs. 2.63 Better risk-adjusted return
Beta	0.2 vs. 1.66 Less sensitive to market ups & downs
Standard deviation	0.19 vs. 0.16 More volatile performance

Compare Union Liquid Fund in detail with

About this fund

About Union Liquid Fund

Union Liquid Fund is a Liquid mutual fund scheme from Union Mutual Fund. This fund has been in existence for 14 yrs 7 m, having been launched on 14/06/2011. Union Liquid Fund has ₹5,729 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Liquid Fund as of 02/02/2026 is ₹2598.78. The fund has an expense ratio of 0.17%, which is close to what most other Liquid funds charge.

Union Liquid Fund returns of last 1-year are 6.38%. Since launch, it has delivered 6.74% average annual returns. The fund has doubled the money invested in it every 12 yrs.
Union Liquid Fund 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 high.
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 similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in Reserve Bank of India, HDFC Bank Ltd., Punjab National Bank, Axis Bank Ltd., Canara Bank.

...

Fund AUM	5,729 Cr as on Dec 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.

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.

Investment objective

The scheme seeks to provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 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	1Y	3Y
Union Corporate Bond Fund	N.A.	607 Cr	6.49%	7.0%
Union Money Market Fund	N.A.	120 Cr	6.32%	6.43%
Union Overnight Fund	N.A.	438 Cr	5.56%	6.26%
Union Dynamic Bond Fund	N.A.	103 Cr	1.95%	5.6%
Union Gilt Fund	N.A.	107 Cr	0.88%	5.32%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Union Liquid Fund?

The current Net Asset Value (NAV) of the Union Liquid Fund plan is approximately ₹2598.7833 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Union Liquid Fund is a 14 yrs 7 m old fund and has delivered average annual returns of 6.74% since inception.

Union Liquid Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.35%	6.94%	5.85%	5.7%	6.74%

How much does this mutual fund charge as expense ratio?

The Union Liquid Fund has an expense ratio of 0.17%, 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 Liquid Fund currently has assets under management (AUM) or fund size valued at approximately 5,729 Cr as on Dec 31, 2025.

To whom does Union Liquid Fund lend to?

The top 3 debt holdings of Union Liquid Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	13.42%
HDFC Bank Ltd.	8.2%
Punjab National Bank	5.35%

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 Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	79.44%
SOV	16.56%
AAA	8.82%

What is risk level of Union Liquid Fund?

This is a Liquid fund comes with Low to Moderate risk.

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

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

How can I redeem my investments in Union Liquid Fund?

Redeeming your investments in the Union Liquid 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 Liquid

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.