Union Mutual Fund schemes
Every live fund Union Mutual Fund runs. Returns are for the plan each fund's page leads with, Direct where the fund has one; 3 and 5 year returns are a year, compounded.
- Assets managedAssets managed. The average money in the house's funds over the quarter, added up across its funds. Money its own funds of funds hold in its other funds is counted once.
- ₹28,552 CrAverage, quarter to Sep 2026
- Live funds
- 32
- Fund managers
- 12
Equity funds
13 funds
- Union Small Cap FundSmall CapNAV₹63.61001Y+13.69%3Y+15.30%5Y+16.53%Size₹2,544 CrCost1.10%
- Union Flexi Cap FundFlexi CapNAV₹56.85001Y−3.50%3Y+10.96%5Y+9.25%Size₹2,404 CrCost1.52%
- Union Midcap FundMid CapNAV₹53.84001Y+1.41%3Y+15.93%5Y+13.97%Size₹1,933 CrCost1.08%
- Union Multicap FundMulti CapNAV₹17.59001Y+2.93%3Y+14.45%5Y–Size₹1,503 CrCost1.39%
- Union Innovation & Opportunities FundSectoral / ThematicNAV₹16.15001Y+5.01%3Y+18.51%5Y–Size₹1,296 CrCost0.99%
- Union Large & Midcap FundLarge & Mid CapNAV₹28.24001Y−0.70%3Y+12.62%5Y+10.38%Size₹991 CrCost1.32%
- Union ELSS Tax Saver FundELSSNAV₹68.65001Y−6.29%3Y+10.03%5Y+9.05%Size₹859 CrCost1.71%
- Union Active Momentum FundSectoral / ThematicNAV₹9.89001Y+12.39%3Y–5Y–Size₹518 CrCost2.35%
- Union Business Cycle FundSectoral / ThematicNAV₹11.54001Y−2.62%3Y–5Y–Size₹511 CrCost1.81%
- Union Focused FundFocusedNAV₹28.50001Y+2.41%3Y+11.59%5Y+8.83%Size₹449 CrCost1.55%
- Union Largecap FundLarge CapNAV₹23.73001Y−8.48%3Y+7.95%5Y+6.11%Size₹434 CrCost1.68%
- Union Value FundValueNAV₹29.11001Y−6.64%3Y+11.13%5Y+10.86%Size₹394 CrCost1.51%
- Union Consumption FundSectoral / ThematicNAV₹9.62001Y–3Y–5Y–Size₹331 CrCost1.37%
Hybrid funds
5 funds
- Union Balanced Advantage FundDynamic Asset Allocation or Balanced AdvantageNAV₹21.75001Y−3.33%3Y+7.99%5Y+7.02%Size₹1,222 CrCost1.47%
- Union Multi Asset Allocation FundMulti Asset AllocationNAV₹11.97001Y+2.57%3Y–5Y–Size₹1,004 CrCost1.31%
- Union Aggressive Hybrid FundAggressive HybridNAV₹19.24001Y−1.99%3Y+10.44%5Y+8.32%Size₹756 CrCost1.59%
- Union Arbitrage FundArbitrageNAV₹15.76161Y+6.53%3Y+7.10%5Y+6.55%Size₹233 CrCost1.61%
- Union Equity Savings FundEquity SavingsNAV₹17.97001Y+0.73%3Y+6.69%5Y+5.77%Size₹119 CrCost2.11%
Debt funds
8 funds
- Union Liquid FundLiquidNAV₹2,759.57901Y+6.45%3Y+6.91%5Y+6.43%Size₹7,522 CrCost0.07%
- Union Money Market FundMoney MarketNAV₹1,378.16181Y+6.57%3Y+7.13%5Y+6.50%Size₹1,267 CrCost0.17%
- Union Overnight FundOvernightNAV₹1,460.50061Y+5.26%3Y+6.01%5Y+5.76%Size₹760 CrCost0.14%
- Union Ultra Short to Short Term FundLow DurationNAV₹10.71631Y+5.28%3Y–5Y–Size₹351 CrCost0.26%
- Union Corporate Bond FundCorporate BondNAV₹16.43711Y+2.80%3Y+6.62%5Y+5.68%Size₹300 CrCost0.41%
- Union Short Term FundShort DurationNAV₹11.05411Y+3.82%3Y–5Y–Size₹107 CrCost0.35%
- Union Gilt FundGiltNAV₹12.22341Y−0.95%3Y+4.59%5Y–Size₹83 CrCost0.65%
- Union Dynamic Term FundDynamic BondNAV₹24.49351Y−0.63%3Y+4.74%5Y+3.97%Size₹64 CrCost1.31%
Solution Oriented funds
2 funds
- Union Retirement FundRetirementNAV₹16.54001Y−1.90%3Y+12.42%5Y–Size₹212 CrCost1.36%
- Union Children's FundChildren'sNAV₹12.49001Y−5.31%3Y–5Y–Size₹93 CrCost1.45%
Index funds, ETFs and FoFs
4 funds
- Union Gold ETFGold ETFNAV₹138.06611Y+16.61%3Y–5Y–Size₹289 CrCost0.49%
- Union Diversified Equity All Cap Active FOFFund of FundsNAV₹10.41741Y+3.13%3Y–5Y–Size₹199 CrCost0.57%
- Union Gold ETF Fund of FundFund of FundsNAV₹16.07741Y+16.16%3Y–5Y–Size₹166 CrCost0.32%
- Union Income Plus Arbitrage Active FOFFund of FundsNAV₹10.50161Y+3.70%3Y–5Y–Size₹60 CrCost0.23%
Union Mutual Fund fund managers
Managers running its funds now, largest first by the money in their funds.
| Money in their funds. The latest month's assets of every fund they run now, added up. A fund run by two managers counts in full for each. | Running funds here since. The earliest start date the fund house files for them on any of its funds. | ||
|---|---|---|---|
| Sanjay Bembalkar | 11 | ₹10,216 Cr | 7 Jun 2021 |
| Parijat Agrawal | 9 | ₹8,645 Cr | 13 Feb 2012 |
| Gaurav Chopra | 9 | ₹8,421 Cr | 25 Jan 2023 |
| Vinod Malviya | 11 | ₹7,506 Cr | 2 May 2024 |
| Pratik Dharmshi | 8 | ₹7,333 Cr | 9 Dec 2024 |
| Devesh Thacker | 6 | ₹7,302 Cr | 15 Jun 2011 |
| Harshad Patwardhan | 2 | ₹2,001 Cr | 1 Nov 2024 |
| Anindya Sarkar | 6 | ₹1,742 Cr | 1 Nov 2018 |
| Vishal Thakker | 3 | ₹1,433 Cr | 20 Feb 2019 |
| Tarun Singh | 1 | ₹657 Cr | 27 Mar 2019 |
Union Mutual Fund investor complaints
Sep 2026, as the fund house reports them.
- Received
- 3
- Resolved
- 4
- Open at month endOpen at month end. Complaints not yet resolved on the month's last day, as the fund house states them, including any carried from earlier months.
- 0
Union Mutual Fund documents
- FactsheetSep 2026
- Statement of additional informationOct 2026
- Annual reportYear to Mar 2026
About Union Mutual Fund schemes
Union Mutual Fund is the mutual fund co-sponsored by Union Bank of India and Daiichi Life Group of Japan. Its schemes are run by Union Asset Management Company Private Limited and cover equity, hybrid, debt and solution oriented funds, a gold ETF and fund of funds.
Sponsors, trustee and AMC
A sponsor is the company that sets up a mutual fund as a trust. Union Bank of India and Daiichi Life Group, Inc. (named Dai-ichi Life Holdings until 1 Apr 2026) are the sponsors. Union Trustee Company Private Limited is the trustee, which holds investors' assets and oversees the fund, and Union Asset Management Company Private Limited is the asset management company (AMC) that makes the investment decisions.
The fund was constituted as a trust on 1 Dec 2010 and registered with SEBI on 23 Mar 2011. It began as Union KBC Mutual Fund, a venture with KBC Asset Management. On 20 Sep 2016 the boards approved the transfer of KBC's 49% stake in the AMC and trustee company to the bank, and SEBI registered it as Union Mutual Fund on 8 Nov 2016.
Daiichi Life's stake
Daiichi Life, a Japanese life insurance group, invested in the AMC on 17 May 2018 through compulsorily convertible preference shares, which become equity shares later. Converted, they make up 39.62% of the AMC's capital, the bank holding the rest, and the deal made Daiichi a co-sponsor.
Schemes it runs
Equity covers large, mid, small, large and midcap, multi and flexi cap funds, plus focused, value and ELSS tax saver funds and themes such as consumption, business cycle, innovation and momentum. Hybrid has balanced advantage, multi asset, aggressive hybrid, arbitrage and equity savings funds.
Debt schemes run from overnight, liquid and money market funds to corporate bond, short term, gilt and dynamic term funds. The house also offers retirement and children's solution oriented funds, a gold ETF with a gold fund of funds, and fund of funds that invest in other active funds.
How returns and size are shown
Each scheme row shows its NAV, the price of one unit. Returns over 1, 3 and 5 years are for the plan the scheme's own page leads with, Direct where the fund has one. The three and five year figures are compound yearly rates.
Assets managed is the average money in the house's funds over the latest quarter, summed across its funds. Money held in the house's own funds of funds is counted once.
Fund managers and complaints
The manager table lists each person running the house's funds, how many, the money in them and the earliest start date on any fund; a jointly run fund counts in full for each manager. The complaints block shows received, resolved and open at month end, open including carry-overs.