Union Corporate Bond Fund vs Union Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Union Corporate Bond Fund is a Corporate Bond fund and Union Short Term Fund is an Ultra Short fund. In the year to 30-10-2026, Union Corporate Bond Fund (Direct) returned 2.9% and Union Short Term Fund (Direct) returned 3.9%. Union Corporate Bond Fund charges 0.41% a year and Union Short Term Fund 0.35% (Direct plans). Their portfolios overlap 16.4%: they hold 4 of the same securities.
Union Corporate Bond Fund
Corporate Bond
- 1 year return
- 2.9%
- Expense ratio
- 0.41%
- NAV
- ₹16.44
Union Short Term Fund
Ultra Short
- 1 year return
- 3.9%
- Expense ratio
- 0.35%
- NAV
- ₹11.06
Which is better, Union Corporate Bond or Union Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Union Short Term returned more over 1 year: 3.9% against 2.9%.
- Union Short Term costs less: 0.35% a year against 0.41% (Direct plans).
- Union Short Term fell less in its worst fall since 03-02-2025: −0.5% against −1.1%.
- Union Corporate Bond is the larger fund: ₹284 Cr against ₹111 Cr.
- Their portfolios overlap 16.4%: 4 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 Corporate Bond Fund | Union Short Term Fund |
|---|---|---|
| Fund house | Union Mutual Fund | Union Mutual Fund |
| Category | Corporate Bond | Ultra Short |
| AUM | ₹284 Cr (30-09-2026) | ₹111 Cr (30-09-2026) |
| NAV | ₹16.44 (Direct) | ₹11.06 (Direct) |
| Expense ratio (Direct) | 0.41% | 0.35% |
| Expense ratio (Regular) | 0.71% | 0.80% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Corporate Debt A-II Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (C | CRISIL Short Duration Debt A-II Index Benchmark Discalimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS |
| Launch date | 25-05-2018 | 31-01-2025 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Anindya Sarkar, Shrenuj Parekh, Parijat Agrawal | Anindya Sarkar, Shrenuj Parekh |
| Exit load | NIL | NIL |
Union Corporate Bond vs Union Short Term: 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 Corporate Bond Fund (Direct) | −0.37% | −0.44% | +1.73% | +2.86% | +6.63% | +5.69% | -- |
| Union Short Term Fund (Direct) | −0.11% | +0.22% | +2.39% | +3.89% | -- | -- | -- |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | -- | -- | -- |
Category average: the average of the 21 Corporate Bond funds and the 26 Ultra Short funds, same plan type.
Union Corporate Bond vs Union Short Term: Year-wise Returns
| Year | Corporate BondUnion Corporate Bond | Short TermUnion Short Term |
|---|---|---|
| 2026to date | +2.26% | +3.33% |
| 2025 | +7.91% | -- |
| 2024 | +8.33% | -- |
| 2023 | +6.74% | -- |
| 2022 | +2.76% | -- |
| 2021 | +3.19% | -- |
Union Corporate Bond vs Union Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 178 of them, one for each trading day from 03-02-2026 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 Corporate Bond Fund (Direct)
Union Short Term Fund (Direct)
to
Feb 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Union Corporate Bond | 0.0 | 69.1 | 30.9 | 0.0 | 0.0 | 0.0 | 0.0 | 4.9% | 4.7% | 2.7% | 7.6% |
| Union Short Term | 0.0 | 29.2 | 70.8 | 0.0 | 0.0 | 0.0 | 0.0 | 5.4% | 5.2% | 3.8% | 7.5% |
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. Every fund is measured over the days all of them have, from 03-02-2025. Past returns do not promise future returns.
Union Corporate Bond vs Union Short Term: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Union Corporate BondUnion Corporate Bond Fund (Direct) | ₹2,10,000 | ₹2,16,894 | ₹6,894 | 3.6% |
| Union Short TermUnion Short Term Fund (Direct) | ₹2,10,000 | ₹2,18,826 | ₹8,826 | 4.6% |
Union Corporate BondUnion Corporate Bond Fund (Direct)
Union Short TermUnion Short Term 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 Corporate Bond vs Union Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Union Corporate Bond Fund (Direct) | Union Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.86% | +3.89% |
| Standard deviation | 1.55% | 1.22% |
| Sharpe ratio | -1.54 | -1.11 |
| Sortino ratio | -2.01 | -1.52 |
| Maximum drawdown | −1.1% (23-10-2026) | −0.5% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Corporate Bond Fund (Direct) | Union Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.06% | +5.92% |
| Standard deviation | 2.71% | 1.17% |
| Sharpe ratio | 0.28 | 0.37 |
| Sortino ratio | 0.34 | 0.55 |
| Maximum drawdown | −5.7% (10-06-2019) | −0.5% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-06-2018 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 Corporate Bond Fund (Direct)
Union Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Union Corporate Bond Fund (Direct) | −1.1% | 14-08-2026 | 23-10-2026 | Not yet | -- | −1.0% |
| Union Short Term Fund (Direct) | −0.5% | 11-03-2026 | 02-04-2026 | 09-04-2026 | 7 days | −0.3% |
From daily values since 03-02-2025, 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 Corporate Bond Fund (Direct)
Union Short Term Fund (Direct)
Union Corporate Bond vs Union Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Union Corporate Bond Fund, September 2026; Union Short Term Fund, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 4
- Only in Union Corporate Bond
- 18
- Only in Union Short Term
- 7
| Security | % of Union Corporate Bond | % of Union Short Term |
|---|---|---|
| Small Industries Development Bank of India | 8.94% | 8.82% |
| National Bank for Agriculture and Rural Development | 3.51% | 7.19% |
| REC Ltd. | 3.43% | 8.79% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.66% | 1.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% 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 Corporate Bond Fund
| Security | % of fund |
|---|---|
| GOI 6.68% 2040 | 9.98% |
| Bajaj Housing Finance Ltd. | 8.47% |
| Kotak Mahindra Prime Ltd. | 5.21% |
| Larsen & Toubro Ltd. | 3.52% |
| REC Ltd. | 3.52% |
Largest holdings only in Union Short Term Fund
| Security | % of fund |
|---|---|
| Indian Oil Corporation Ltd. | 8.96% |
| Jio Credit Ltd. | 8.86% |
| Power Finance Corporation Ltd. | 8.77% |
| Kotak Mahindra Bank Ltd. | 8.77% |
| Bank of Baroda | 7.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Union Corporate Bond | Union Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 86.8% | 78.7% |
| Cash and others | 13.2% | 21.3% |
Union Corporate Bond vs Union Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Union Corporate Bond Fund | Union Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 0.35% |
| Base expense ratio (Direct) | 0.34% | 0.28% |
| Total expense ratio (Regular) | 0.71% | 0.80% |
| Base expense ratio (Regular) | 0.61% | 0.66% |
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.
More comparisons
Each fund against the others of its category
Compare Union Corporate Bond with
Union Corporate Bond Fund vs Union Short Term Fund: Frequently Asked Questions
What is the difference between Union Corporate Bond Fund and Union Short Term Fund?
Union Corporate Bond Fund is a Corporate Bond fund, Union Short Term Fund is an Ultra Short fund, run by Union Mutual Fund. Their portfolios overlap 16.4%. Union Corporate Bond Fund charges 0.41% a year and Union Short Term Fund 0.35%.
Which has given higher returns, Union Corporate Bond Fund or Union Short Term Fund?
Over 1 year: Union Corporate Bond Fund +2.86%, Union Short Term Fund +3.89%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Union Corporate Bond Fund or Union Short Term Fund?
Union Short Term Fund charges less: 0.35% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Union Corporate Bond Fund and Union Short Term Fund overlap?
16.4%. They hold 4 of the same securities, the largest shared ones being Small Industries Development Bank of India, National Bank for Agriculture and Rural Development, REC Ltd.. From each fund's latest monthly portfolio.
Which is riskier, Union Corporate Bond Fund or Union Short Term Fund?
On SEBI's riskometer, Union Corporate Bond Fund is rated Moderate and Union Short Term Fund Moderate. Over 1 years, the standard deviation of daily returns was 1.55% and 1.22% a year.
Can I invest in both Union Corporate Bond Fund and Union Short Term Fund?
Yes. 16.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Union Corporate Bond Fund and Union Short Term Fund?
Union Corporate Bond Fund: Anindya Sarkar, Shrenuj Parekh, Parijat Agrawal. Union Short Term Fund: Anindya Sarkar, Shrenuj Parekh.
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.