Union Arbitrage Fund
The scheme seeks 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.
Growthvine rating: 3/5 — ranked #18 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹14.98 (as of 2026-08-21) |
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| AUM | ₹246 Cr |
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| Expense ratio | 0.86% |
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| Riskometer | Low |
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| Fund manager | Vishal Thakker |
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| Exit load | 0.25% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 5.97% |
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| Sharpe ratio | 1.45 |
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| Standard deviation | 0.54% |
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| Max drawdown | -0.59% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 26.7% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -26.1% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 73 |
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Top holdings
- Net Receivables/Payables (FnO) — 76.0%
- Union Money Market Fund - Direct Plan — 14.7%
- Bank of Baroda — 6.4%
- Reliance Industries Ltd — 3.4%
- HDFC Bank Ltd. — 3.3%
- Bharti Airtel Ltd. — 3.2%
- TREPS — 2.8%
- Kotak Mahindra Bank Ltd. — 2.5%
- VODAFONE IDEA LIMITED — 2.3%
- Bharat Heavy Electricals Ltd. — 2.1%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.9% | Q2 | #10 of 35 |
| 2025 | 6.0% | Q3 | #24 of 31 |
| 2024 | 7.6% | Q2 | #8 of 27 |
| 2023 | 7.0% | Q3 | #14 of 25 |
| 2022 | 3.7% | Q4 (Bottom) | #18 of 21 |