Union Arbitrage Fund Direct Growth

Low Risk
Alternative
Arbitrage Fund

NAV as on Jul 25, 2025

Price per unit of the scheme.

₹ 14.59450.08%1 Day Change

0.64%

Minimum Investment₹1000

Expense Ratio0.44%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

Union Arbitrage Fund Direct Growth

Alternative: Arbitrage Fund Average NAV

Topper in Alternative: Arbitrage Fund

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

Union Arbitrage Fund Direct Growth

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

NIFTY 50 Arbitrage TR INR

Expense Ratio

0.44%

Category Avg Expense Ratio

0.38%

Minimum Investment (Lumpsum/SIP)

₹ 1000 /₹ 1000

Lock In (Years)

No Lock-in

Fund Size

₹ 334.66 Cr(As on Jun, 2025)

Inception Date

Feb 27, 2019

Turnover

- %

Exit Load

0.25% if units are redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil if units are redeemed or switched out after completion of 1 month from the date of allotment of units.

ABOUT THE FUND

Objective: The investment objective of the scheme is 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 Arbitrage Fund Direct Growth is an Alternative - Arbitrage Fund fund. The fund was launched inFeb 27, 2019. Its risk level is . The NAV of the fund as onJul 25, 2025 is ₹14.59. Its expense ratio is 0.44 %. The fund has an AUM of ₹334.66 Cr.The fund is managed byDevesh Thacker,Vishal Thakker.
The minimum initial investment is ₹1000 in Lumpsum mode.

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FUND MANAGER

Vishal Thakker

Lead Fund Manager.

Feb 27, 2019 - Present

Schemes managed1
Total AUM₹ 334.66 Cr
Highest Return In 1 Yr7.27 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Union Arbitrage Fund Direct Growth

₹ 14.59

0.64%

0.49%

Low Risk

₹334.66Cr

Union Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 14.59
Fund Size₹334.66Cr

Fund Return0.64%

Category Return0.49%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Devesh Thacker

Lead Fund Manager.

Feb 27, 2019 - Present

Schemes managed5
Total AUM₹ 4,419.42 Cr
Highest Return In 1 Yr7.96 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Union Dynamic Bond Fund Direct Growth Option

₹ 24.74

0.55%

0.59%

Moderate Risk

₹107.75Cr

Union Liquid Fund Direct Plan Growth Option

₹ 2,554.37

0.49%

0.41%

Moderate Risk

₹3,359.47Cr

Union Arbitrage Fund Direct Growth

₹ 14.59

0.64%

0.49%

Low Risk

₹334.66Cr

Union Dynamic Bond Fund Direct Growth Option

Moderate Risk

NAV₹ 24.74
Fund Size₹107.75Cr

Fund Return0.55%

Category Return0.59%

Union Liquid Fund Direct Plan Growth Option

Moderate Risk--

NAV₹ 2,554.37
Fund Size₹3,359.47Cr

Fund Return0.49%

Category Return0.41%

Union Arbitrage Fund Direct Growth

Low Risk--

NAV₹ 14.59
Fund Size₹334.66Cr

Fund Return0.64%

Category Return0.49%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Jun, 2025

EQUITY (0.13%)

DEBT (3.68%)

CASH (96.15%)

Allocation by Market Cap

Other Cap(0.04%)

Industry Holdings

Banks Regional14.52%
Drug Manufacturers Specialty Generic10.76%
Credit Services6.79%
Oil Gas Refining Marketing6.18%
Telecom Services4.85%
Information Technology Services4.63%

Stock Holdings

Future on HDFC Bank Ltd2.77%
HDFC Bank Ltd2.76%
Future on Sun Pharmaceuticals Industries Ltd2.51%
Sun Pharmaceuticals Industries Ltd2.51%
Future on Reliance Industries Ltd2.37%
Reliance Industries Ltd2.35%

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
----
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
----
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
----
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
----

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
--
This Fund
VS
--
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
--
This Fund
VS
--
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
--
This Fund
VS
--
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
1.14
This Fund
VS
0.20
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
1.76
This Fund
VS
0.55
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
0.55
This Fund
VS
0.67
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

Union Asset Management Co. Pvt. Ltd.

Union Asset Management Co. Pvt. Ltd. manages assets worth ₹ 21,041.16 crores. It’s current offering of mutual fund schemes includes 12 equity, 8 debt and 9 hybrid schemes.

Phone

+91 022 67483333

investorcare@unionmf.com

AUM

₹ 21,041.16 Cr (

As on Jun 30, 2025

)

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai,400013

FAQ's

What is the category of Union Arbitrage Fund Direct Growth ?

The category of Union Arbitrage Fund Direct Growth is Alternative - Arbitrage Fund

What is the current NAV of Union Arbitrage Fund Direct Growth ?

The current NAV of Union Arbitrage Fund Direct Growth as on Jul 25, 2025 is ₹14.59

How safe is Union Arbitrage Fund Direct Growth ?

The risk level of Union Arbitrage Fund Direct Growth is Low.

What are short term returns given by Union Arbitrage Fund Direct Growth ?

The return given by Union Arbitrage Fund Direct Growth in 1 month is 0.64%, 3 months is 1.44%, 6 months is 3.44%, and 1 year is 7.27%

What are the long term returns given by Union Arbitrage Fund Direct Growth ?

The return given by Union Arbitrage Fund Direct Growth in 3 years is 7.45% and 5 years is 5.94%.

What is the expense ratio of Union Arbitrage Fund Direct Growth ?

The expense ratio of Union Arbitrage Fund Direct Growth is 0.44%

What is the AUM of Union Arbitrage Fund Direct Growth ?

The assets under Management (AUM) of Union Arbitrage Fund Direct Growth is Rs 334.66 crores.

What is the minimum investment in Union Arbitrage Fund Direct Growth ?

The minimum Lumpsum investment in Union Arbitrage Fund Direct Growth is ₹1,000.00 and the minimum SIP investment in Union Arbitrage Fund Direct Growth is ₹1,000.00

What is the asset allocation of Union Arbitrage Fund Direct Growth?

Union Arbitrage Fund Direct Growth has an exposure of 0.13% in Equity, 3.68% in Debt and 96.15% in Cash & Money Market Securities