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 | ₹16.84 (as of 2026-08-21) |
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| AUM | ₹206 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 | 0.55 |
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| Standard deviation | 14.01% |
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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 93.2% of Nifty 500's upside and 80.4% of its downside.
Market cap allocation
| Large cap | 52.1% |
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| Mid cap | 20.3% |
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| Small cap | 27.6% |
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Concentration
| Top 5 holdings | 18.0% |
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| Top 10 holdings | 27.9% |
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| Total holdings | 80 |
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Top holdings
- ICICI Bank Ltd. — 6.2%
- HDFC Bank Ltd. — 5.0%
- Solar Industries India Limited — 2.3%
- Multi Commodity Exchange of India Ltd — 2.3%
- Reliance Industries Ltd — 2.3%
- S.J.S. Enterprises Limited — 2.0%
- Eternal Limited — 2.0%
- State Bank Of India — 2.0%
- TATA CONSUMER PRODUCTS LIMITED — 1.9%
- NTPC Limited — 1.9%
Top sectors
- Banking & Financial — 24.3%
- Automobile — 9.5%
- Retail — 6.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.5% | 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 |