Union Children's Fund vs Union Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Children's Fund is a Solution fund and Union Retirement Fund is a Solution fund. In the year to 30-10-2026, Union Children's Fund (Direct) returned −5.7% and Union Retirement Fund (Direct) returned −2.2%. Union Children's Fund charges 1.45% a year and Union Retirement Fund 1.36% (Direct plans). Their portfolios overlap 42.7%: they hold 35 of the same securities.
Which is better, Union Children's or Union Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Retirement returned more over 1 year: −2.2% against −5.7%.
- Union Retirement costs less: 1.36% a year against 1.45% (Direct plans).
- Union Children's fell less in its worst fall since 21-12-2023: −17.4% against −17.8%.
- Union Retirement is the larger fund: ₹207 Cr against ₹91 Cr.
- Their portfolios overlap 42.7%: 35 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Union Children's Fund | Union Retirement Fund |
|---|---|---|
| Fund house | Union Mutual Fund | Union Mutual Fund |
| Category | Solution | Solution |
| AUM | ₹91 Cr (30-09-2026) | ₹207 Cr (30-09-2026) |
| NAV | ₹12.41 (Direct) | ₹16.43 (Direct) |
| Expense ratio (Direct) | 1.45% | 1.36% |
| Expense ratio (Regular) | 2.60% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | BSE 500 TRI |
| Launch date | 19-12-2023 | 22-09-2022 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | 5 years, or until the child turns 18 if earlier | 5 years, or until retirement if earlier |
| Fund managers | Gaurav Chopra, Vinod Malviya, Parijat Agrawal | Pratik Dharmshi, Pratit Vajani |
| Exit load | Nil | Nil |
Union Children's vs Union Retirement: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Union Children's Fund (Direct) | −2.59% | −5.41% | −1.04% | −5.70% | -- | -- | -- |
| Union Retirement Fund (Direct) | −2.20% | −5.14% | −1.02% | −2.20% | +12.05% | -- | -- |
Union Children's vs Union Retirement: Year-wise Returns
| Year | Children'sUnion Children's | RetirementUnion Retirement | BSE 500 TRI |
|---|---|---|---|
| 2026to date | −4.90% | −2.67% | −7.81% |
| 2025 | +6.53% | +7.45% | +7.63% |
| 2024 | +21.29% | +18.75% | +15.81% |
| 2023 | -- | +32.30% | +26.55% |
Union Children's vs Union Retirement: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 457 of them, one for each trading day from 23-12-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Union Children's Fund (Direct)
Union Retirement Fund (Direct)
BSE 500 TRI
to
Feb 2025Jun 2024
to
Jun 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Children's | 7.4 | 33.3 | 35.2 | 17.3 | 4.6 | 2.2 | 0.0 | 6.8% | 6.9% | −7.4% | 23.8% | 94% |
| Union Retirement | 5.0 | 30.2 | 40.5 | 17.3 | 5.3 | 1.8 | 0.0 | 7.0% | 6.7% | −5.0% | 21.5% | 98% |
| BSE 500 TRI | 26.7 | 31.1 | 31.5 | 7.7 | 3.1 | 0.0 | 0.0 | 3.9% | 3.5% | −9.2% | 18.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 21-12-2023. Past returns do not promise future returns.
Union Children's vs Union Retirement: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 21-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Children'sUnion Children's Fund (Direct) | ₹3,50,000 | ₹3,62,458 | ₹12,458 | 2.4% |
| Union RetirementUnion Retirement Fund (Direct) | ₹3,50,000 | ₹3,69,108 | ₹19,108 | 3.6% |
Union Children'sUnion Children's Fund (Direct)
Union RetirementUnion Retirement Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Union Children's vs Union Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Union Children's Fund (Direct) | Union Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.70% | −2.20% |
| Standard deviation | 15.40% | 15.10% |
| Sharpe ratio | -0.71 | -0.49 |
| Sortino ratio | -0.95 | -0.66 |
| Maximum drawdown | −13.9% (23-03-2026) | −12.2% (23-03-2026) |
| Beta | 1.04 | 1.02 |
| Alpha | +2.47% | +5.74% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Union Children's Fund (Direct) | Union Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.96% | +14.09% |
| Standard deviation | 14.54% | 13.10% |
| Sharpe ratio | 0.14 | 0.60 |
| Sortino ratio | 0.18 | 0.82 |
| Maximum drawdown | −17.4% (03-03-2025) | −17.8% (28-02-2025) |
| Beta | 0.98 | 0.96 |
| Alpha | +2.04% | +3.12% |
From daily NAVs, 21-12-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Union Children's Fund (Direct)
Union Retirement Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Union Children's Fund (Direct) | −17.4% | 23-09-2024 | 03-03-2025 | 16-09-2025 | 6 months | −8.6% |
| Union Retirement Fund (Direct) | −17.8% | 26-09-2024 | 28-02-2025 | 20-10-2025 | 8 months | −7.9% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 21-12-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Union Children's Fund (Direct)
Union Retirement Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Union Children's Fund (Direct) | 104% | 91% | 3.73% |
| Union Retirement Fund (Direct) | 102% | 86% | 3.11% |
From month-end values since 21-12-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Union Children's vs Union Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Union Children's Fund, September 2026; Union Retirement Fund, September 2026
Holdings in common
- Overlap
- 42.7%
- Held by both
- 35
- Only in Union Children's
- 36
- Only in Union Retirement
- 45
| Security | % of Union Children's | % of Union Retirement |
|---|---|---|
| HDFC Bank Ltd. | 3.57% | 4.29% |
| ICICI Bank Ltd. | 3.42% | 5.76% |
| Reliance Industries Ltd. | 2.85% | 2.10% |
| Axis Bank Ltd. | 4.09% | 2.08% |
| S.J.S. Enterprises Ltd. | 1.78% | 1.97% |
| State Bank of India | 1.80% | 1.77% |
| Bharti Airtel Ltd. | 2.41% | 1.45% |
| Ujjivan Small Finance Bank Ltd. | 1.80% | 1.41% |
| Gabriel India Ltd. | 1.96% | 1.40% |
| Mphasis Ltd. | 1.77% | 1.34% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.33% | 1.36% |
| Nippon Life India Asset Management Ltd. | 1.69% | 1.30% |
| Shriram Finance Ltd. | 1.74% | 1.24% |
| CarTrade Tech Ltd. | 1.19% | 1.61% |
| Ajanta Pharma Ltd. | 2.46% | 1.16% |
| Max Financial Services Ltd. | 1.54% | 1.16% |
| Acutaas Chemicals Ltd. | 1.16% | 1.51% |
| GE Vernova T&D India Ltd. | 1.16% | 1.83% |
| Infosys Ltd. | 1.14% | 1.52% |
| The Phoenix Mills Ltd. | 1.09% | 1.50% |
| Bharat Heavy Electricals Ltd. | 1.40% | 0.96% |
| Solar Industries India Ltd. | 0.95% | 2.53% |
| LG Electronics India Ltd. | 1.21% | 0.92% |
| Tata Motors Ltd. | 1.02% | 0.92% |
| Maruti Suzuki India Ltd. | 0.87% | 0.96% |
| Amber Enterprises India Ltd. | 1.41% | 0.84% |
| Arvind Ltd. | 1.31% | 0.84% |
| CG Power and Industrial Solutions Ltd. | 1.32% | 0.83% |
| Aarti Industries Ltd. | 1.66% | 0.81% |
| Doms Industries Ltd. | 0.97% | 0.73% |
| Karur Vysya Bank Ltd. | 0.65% | 1.72% |
| KEI Industries Ltd. | 0.52% | 0.54% |
| Titan Company Ltd. | 0.52% | 1.55% |
| 91 Day Treasury Bills | 0.05% | 0.04% |
| 91 Day Treasury Bills | 0.06% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.7% means 42.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Union Children's Fund
| Security | % of fund |
|---|---|
| One 97 Communications Ltd. | 2.64% |
| IPCA Laboratories Ltd. | 2.27% |
| Aether Industries Ltd. | 2.09% |
| RBL Bank Ltd. | 1.82% |
| JSW Energy Ltd. | 1.80% |
Largest holdings only in Union Retirement Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Ltd. | 2.72% |
| Eternal Ltd. | 2.17% |
| Navin Fluorine International Ltd. | 2.00% |
| Azad Engineering Ltd. | 1.87% |
| Tata Consumer Products Ltd. | 1.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Children's | Union Retirement |
|---|---|---|
| Equity | 96.0% | 97.8% |
| Debt | 0.1% | 0.1% |
| Cash and others | 3.9% | 2.1% |
Market cap of stocks
| Market cap | Union Children's | Union Retirement |
|---|---|---|
| Large Cap | 37.1% | 46.8% |
| Mid Cap | 29.4% | 20.5% |
| Small Cap | 29.4% | 30.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Union Children's | Union Retirement |
|---|---|---|
| Banks | 20.6% | 17.0% |
| Pharmaceuticals & Biotechnology | 7.3% | 4.1% |
| Capital Markets | 2.4% | 6.8% |
| Auto Components | 6.3% | 5.7% |
| Electrical Equipment | 5.3% | 6.3% |
| Chemicals & Petrochemicals | 6.0% | 5.8% |
| Consumer Durables | 4.7% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
Union Children's vs Union Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Children's Fund | Union Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.45% | 1.36% |
| Base expense ratio (Direct) | 1.11% | 0.98% |
| Total expense ratio (Regular) | 2.60% | 2.67% |
| Base expense ratio (Regular) | 2.10% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Union Children's Fund vs Union Retirement Fund: Frequently Asked Questions
What is the difference between Union Children's Fund and Union Retirement Fund?
Union Children's Fund is a Solution fund, Union Retirement Fund is a Solution fund, run by Union Mutual Fund. Their portfolios overlap 42.7%. Union Children's Fund charges 1.45% a year and Union Retirement Fund 1.36%.
Which has given higher returns, Union Children's Fund or Union Retirement Fund?
Over 1 year: Union Children's Fund −5.70%, Union Retirement Fund −2.20%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Union Children's Fund or Union Retirement Fund?
Union Retirement Fund charges less: 1.36% a year against 1.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Children's Fund and Union Retirement Fund overlap?
42.7%. They hold 35 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Union Children's Fund or Union Retirement Fund?
On SEBI's riskometer, Union Children's Fund is rated Very High and Union Retirement Fund Very High. Over 1 years, the standard deviation of daily returns was 15.40% and 15.10% a year.
Can I invest in both Union Children's Fund and Union Retirement Fund?
Yes. 42.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Union Children's Fund and Union Retirement Fund?
Union Children's Fund: Gaurav Chopra, Vinod Malviya, Parijat Agrawal. Union Retirement Fund: Pratik Dharmshi, Pratit Vajani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.