Union Retirement Fund
The Scheme seeks to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors.
Growthvine rating: 3/5 — ranked #4 of 10 in category.
Fund basics
| Category | Solution: Retirement Equity |
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| NAV | ₹15.68 (as of 2026-10-01) |
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| AUM | ₹210 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Pratik Dharmshi |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.56 |
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| Standard deviation | 14.02% |
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| Max drawdown | −18.19% |
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| Alpha | 1.65 |
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| Beta | 0.9 |
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Over 5 years, captured 95.0% of Nifty 500's upside and 82.1% of its downside.
Market cap allocation
| Large cap | 50.6% |
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| Mid cap | 20.6% |
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| Small cap | 28.7% |
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Concentration
| Top 5 holdings | 18.1% |
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| Top 10 holdings | 28.2% |
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| Total holdings | 77 |
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Top holdings
- ICICI Bank Ltd. — 6.1%
- HDFC Bank Ltd. — 4.6%
- Multi Commodity Exchange of India Ltd — 2.8%
- Solar Industries India Limited — 2.5%
- Reliance Industries Ltd — 2.2%
- Eternal Limited — 2.1%
- S.J.S. Enterprises Limited — 2.1%
- Navin Fluorine International Limited — 2.0%
- State Bank Of India — 2.0%
- AXIS Bank Ltd. — 1.9%
Top sectors
- Banking & Financial — 24.2%
- Automobile — 9.4%
- Retail — 6.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −2.7% | Q2 | #5 of 10 |
| 2025 | 6.1% | Q1 (Top) | #3 of 10 |
| 2024 | 17.4% | Q4 (Bottom) | #7 of 8 |
| 2023 | 30.1% | Q2 | #4 of 8 |