Union Arbitrage Fund is an Arbitrage fund run by Union Mutual Fund. On 30-09-2026, it managed ₹220 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.5% a year.
NAV on 30-10-2026: Direct Plan Growth ₹15.78 (up 0.12% that day); Regular Plan Growth ₹15.13 (up 0.12% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | +0.49% | +1.61% | +3.34% | +6.59% | +7.14% | +6.58% | -- |
| This fund (Regular) | +0.43% | +1.45% | +3.02% | +5.95% | +6.50% | +5.95% | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | -- |
| Best in Arbitrage | +0.73% | +1.71% | +3.63% | +7.56% | +7.46% | +7.14% | -- |
| Worst in Arbitrage | +0.45% | +1.28% | +2.60% | +5.24% | +6.42% | +5.89% | -- |
| Rank in Arbitrage | 36/39 | 6/38 | 5/38 | 18/33 | 19/25 | 16/20 | -- |
Category rows compare the Direct plans of 39 Arbitrage funds. Rank 1 is the highest return. This fund's benchmark is Nifty 50 Arbitrage Index. Returns of that index are not available to us, so the category average is the comparison.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +5.45% | +4.92% |
| 2025 | +6.64% | +6.03% |
| 2024 | +8.23% | +7.57% |
| 2023 | +7.62% | +7.04% |
| 2022 | +4.30% | +3.66% |
| 2021 | +4.12% | +3.71% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,149 periods, one for each trading day from 28-02-2022 to 30-10-2026.
Union Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 1,645 | 6.4% | 3.2% | 8.7% | 0% | 6.5% | 42% |
| 2 years | 1,395 | 5.9% | 3.5% | 8.1% | 0% | 6.1% | 44% |
| 3 years | 1,149 | 6.2% | 4.2% | 7.6% | 0% | 6.2% | 21% |
| 5 years | 658 | 5.9% | 5.6% | 6.6% | 0% | 6.0% | 38% |
| 7 years | 164 | 6.0% | 5.9% | 6.1% | 0% | 6.0% | 17% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 81 | 6.4% | 3.2% | 8.5% | 0% | 6.5% | 47% |
| 2 years | 69 | 6.5% | 3.7% | 8.1% | 0% | 6.6% | 42% |
| 3 years | 57 | 6.8% | 3.9% | 7.8% | 0% | 6.8% | 21% |
| 5 years | 33 | 6.8% | 5.8% | 7.2% | 0% | 6.9% | 3% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 39 Arbitrage funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | Union Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.59% | +6.61% |
| Standard deviation | 1.43% | 1.35% |
| Sharpe ratio | 0.94 | 1.01 |
| Sortino ratio | 1.50 | 1.54 |
| Maximum drawdown | −0.58% (06-08-2026) | −0.45% (06-08-2026) |
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.
| Measure | Union Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +7.14% | +7.18% |
| Standard deviation | 1.14% | 1.07% |
| Sharpe ratio | 0.98 | 1.08 |
| Sortino ratio | 1.53 | 1.65 |
| Maximum drawdown | −0.58% (06-08-2026) | −0.45% (06-08-2026) |
From daily NAVs, 30-10-2023 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.
| Measure | Union Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.58% | +6.65% |
| Standard deviation | 1.03% | 0.98% |
| Sharpe ratio | 0.76 | 0.87 |
| Sortino ratio | 1.15 | 1.32 |
| Maximum drawdown | −0.58% (06-08-2026) | −0.45% (06-08-2026) |
From daily NAVs, 29-10-2021 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.
| Measure | Union Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.10% | +6.11% |
| Standard deviation | 1.06% | 1.00% |
| Sharpe ratio | 0.86 | 0.93 |
| Sortino ratio | 1.29 | 1.38 |
| Maximum drawdown | −0.59% (25-03-2020) | −0.53% (03-06-2020) |
From daily NAVs, 27-02-2019 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.
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 Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| Union Arbitrage Fund (Direct) | −0.59% | 19-03-2020 | 25-03-2020 | 20-04-2020 | 26 days | −0.05% |
| Category average | −0.53% | 29-05-2020 | 03-06-2020 | 14-08-2020 | 2 months | −0.04% |
From the Direct plan's daily NAV since 27-02-2019, adjusted for unit splits, and the average of the 39 Arbitrage funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
The five Arbitrage funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Arbitrage Fund | 1/25 | 30,396 | 2.20% | +6.88% | +7.46% | -- | -- | 1.32 | 2.01 | Compare |
| Kotak Arbitrage Fund | 2/25 | 75,275 | 2.31% | +6.75% | +7.43% | -- | -- | 1.28 | 1.96 | Compare |
| Tata Arbitrage Fund | 2/25 | 24,539 | 1.57% | +6.77% | +7.43% | -- | -- | 1.39 | 2.16 | Compare |
| Aditya Birla Sun Life Arbitrage Fund | 4/25 | 26,933 | 1.23% | +6.75% | +7.40% | -- | -- | 1.29 | 2.00 | Compare |
| Edelweiss Arbitrage Fund | 5/25 | 14,250 | 1.53% | +6.66% | +7.37% | -- | -- | 1.27 | 1.98 | Compare |
| Union Arbitrage Fund | 19/25 | 220 | 1.61% | +6.59% | +7.14% | -- | -- | 0.98 | 1.53 |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 22-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Arbitrage median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.34% | 0.13% | 0.04% | 1.10% | 1.61% | 1.45% | 28/39 |
| Regular | 0.87% | 0.13% | 0.04% | 1.19% | 2.23% | 2.08% | 25/38 |
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Arbitrage funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
| Over the last | Regular | Direct | Direct earned more by | ₹1 lakh became (Regular) | ₹1 lakh became (Direct) |
|---|---|---|---|---|---|
| 1 year | 5.95% | 6.59% | 0.64% | ₹1,05,950 | ₹1,06,590 |
| 3 years | 6.50% | 7.14% | 0.64% a year | ₹1,20,795 | ₹1,22,986 |
| 5 years | 5.95% | 6.58% | 0.63% a year | ₹1,33,507 | ₹1,37,524 |
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 27-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planUnion Arbitrage Fund (Direct) | ₹9,30,000 | ₹11,98,938 | ₹2,68,938 | 6.4% |
| Regular planUnion Arbitrage Fund (Regular) | ₹9,30,000 | ₹11,70,584 | ₹2,40,584 | 5.8% |
| Category averageCategory average, 39 Arbitrage funds | ₹9,30,000 | ₹12,00,795 | ₹2,70,795 | 6.5% |
Direct planUnion Arbitrage Fund (Direct)
Regular planUnion Arbitrage Fund (Regular)
Category averageCategory average, 39 Arbitrage funds
Amount invested
From each plan's published NAV (Growth option) and the category average, 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.
Asset allocation as on 30-09-2026
70.6%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 70.6% | 71.6% |
| Cash and others | 22.6% | 19.5% |
| Debt | 6.9% | 9.0% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 50.9% | 54.0% |
| Mid Cap | 18.2% | 14.1% |
| Small Cap | 1.4% | 3.5% |
Share of the whole fund. Category: the average of the Arbitrage funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Sector allocation of the fund's stocks as on 30-09-2026
Banks11.3%
Finance6.3%
Automobiles5.3%
Ferrous Metals5.2%
Agricultural Food & other Products5.0%
Pharmaceuticals & Biotechnology3.6%
Financial Technology (Fintech)3.4%
Telecom - Services3.2%
Petroleum Products3.1%
Insurance2.5%
The ten largest of 29 sectors. The other 19 add up to 21.5%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 11.9% | 12.4% | 11.3% | −0.5% |
| Finance | 5.3% | 5.2% | 6.3% | +1.0% |
| Automobiles | 5.4% | 4.2% | 5.3% | −0.1% |
| Ferrous Metals | 4.0% | 5.0% | 5.2% | +1.1% |
| Agricultural Food & other Products | 1.3% | 5.8% | 5.0% | +3.7% |
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
As on 30-09-2026 · 81 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Union Money Market Fund - Direct Plan - | Mutual Fund | 13.38% | ||
| Bank of Baroda · Certificate of deposit | IND A1+ | 6.63% | ||
| Patanjali Foods Ltd. | Agricultural Food & other Products | 3.91% | −17.9% | |
| Reliance Industries Ltd. | Petroleum Products | 3.03% | −3.5% | |
| Vodafone Idea Ltd. | Telecom - Services | 2.36% | 0.0% | |
| ICICI Bank Ltd. | Banks | 2.19% | +67.7% | |
| UPL Ltd. | Fertilizers & Agrochemicals | 2.10% | +142.3% | |
| PB Fintech Ltd. | Financial Technology (Fintech) | 2.10% | New | |
| Tata Steel Ltd. | Ferrous Metals | 1.85% | +19.4% | |
| JSW Steel Ltd. | Ferrous Metals | 1.81% | 0.0% | |
| HDFC Bank Ltd. | Banks | 1.80% | −31.8% | |
| Kotak Mahindra Bank Ltd. | Banks | 1.78% | −33.8% | |
| State Bank of India | Banks | 1.44% | −2.2% | |
| Axis Bank Ltd. | Banks | 1.36% | 0.0% | |
| One 97 Communications Ltd. | Financial Technology (Fintech) | 1.33% | New | |
| Eicher Motors Ltd. | Automobiles | 1.33% | 0.0% | |
| Bajaj Finance Ltd. | Finance | 1.31% | 0.0% | |
| BSE Ltd. | Capital Markets | 1.29% | −6.1% | |
| Adani Ports and Special Economic Zone Ltd. | Transport Infrastructure | 1.21% | 0.0% | |
| L&T Finance Ltd. | Finance | 1.11% | New | |
| Sun Pharmaceutical Industries Ltd. | Pharmaceuticals & Biotechnology | 1.10% | 0.0% | |
| Infosys Ltd. | IT - Software | 1.09% | New | |
| TVS Motor Company Ltd. | Automobiles | 1.05% | 0.0% | |
| Tata Consumer Products Ltd. | Agricultural Food & other Products | 1.05% | −8.3% | |
| Hindalco Industries Ltd. | Non - Ferrous Metals | 1.05% | +150.0% | |
| The Federal Bank Ltd. | Banks | 1.01% | 0.0% | |
| NTPC Ltd. | Power | 0.99% | −51.6% | |
| Apollo Hospitals Enterprise Ltd. | Healthcare Services | 0.98% | 0.0% | |
| Interglobe Aviation Ltd. | Transport Services | 0.95% | −6.7% | |
| Jio Financial Services Ltd. | Finance | 0.95% | 0.0% | |
| Mahindra & Mahindra Ltd. | Automobiles | 0.94% | +66.7% | |
| Steel Authority of India Ltd. | Ferrous Metals | 0.93% | 0.0% | |
| Cholamandalam Investment & Finance Co. Ltd. | Finance | 0.92% | New | |
| Bharat Heavy Electricals Ltd. | Electrical Equipment | 0.89% | −33.3% | |
| Titan Company Ltd. | Consumer Durables | 0.88% | New | |
| Bharti Airtel Ltd. | Telecom - Services | 0.87% | −68.1% | |
| ITC Ltd. | Diversified FMCG | 0.83% | 0.0% | |
| Polycab India Ltd. | Industrial Products | 0.82% | −33.3% | |
| Larsen & Toubro Ltd. | Construction | 0.78% | +8.3% | |
| Shriram Finance Ltd. | Finance | 0.77% | +90.9% | |
| SBI Life Insurance Co. Ltd. | Insurance | 0.75% | −53.6% | |
| Hindustan Unilever Ltd. | Diversified FMCG | 0.74% | 0.0% | |
| Maruti Suzuki India Ltd. | Automobiles | 0.71% | 0.0% | |
| Delhivery Ltd. | Transport Services | 0.70% | 0.0% | |
| Ambuja Cements Ltd. | Cement & Cement Products | 0.69% | 0.0% | |
| Divi's Laboratories Ltd. | Pharmaceuticals & Biotechnology | 0.68% | 0.0% | |
| Hero MotoCorp Ltd. | Automobiles | 0.68% | +375.0% | |
| Bharat Forge Ltd. | Auto Components | 0.66% | New | |
| Max Financial Services Ltd. | Insurance | 0.65% | −62.9% | |
| Jindal Steel Ltd. | Ferrous Metals | 0.65% | +25.0% | |
| Coal India Ltd. | Consumable Fuels | 0.63% | New | |
| Life Insurance Corporation of India | Insurance | 0.63% | −3.9% | |
| Biocon Ltd. | Pharmaceuticals & Biotechnology | 0.59% | 0.0% | |
| Bajaj Auto Ltd. | Automobiles | 0.59% | New | |
| Bajaj Finserv Ltd. | Finance | 0.57% | 0.0% | |
| Ultratech Cement Ltd. | Cement & Cement Products | 0.57% | 0.0% | |
| Yes Bank Ltd. | Banks | 0.53% | 0.0% | |
| HDFC Life Insurance Company Ltd. | Insurance | 0.52% | +42.9% | |
| Kalyan Jewellers India Ltd. | Consumer Durables | 0.48% | −48.1% | |
| Zydus Lifesciences Ltd. | Pharmaceuticals & Biotechnology | 0.48% | New | |
| RBL Bank Ltd. | Banks | 0.47% | New | |
| Multi Commodity Exchange of India Ltd. | Capital Markets | 0.44% | New | |
| Bharat Electronics Ltd. | Aerospace & Defense | 0.43% | 0.0% | |
| Coforge Ltd. | IT - Software | 0.42% | +83.3% | |
| Muthoot Finance Ltd. | Finance | 0.41% | 0.0% | |
| Bank of Baroda | Banks | 0.40% | 0.0% | |
| Cipla Ltd. | Pharmaceuticals & Biotechnology | 0.39% | −71.7% | |
| IndusInd Bank Ltd. | Banks | 0.37% | 0.0% | |
| Torrent Pharmaceuticals Ltd. | Pharmaceuticals & Biotechnology | 0.36% | 0.0% | |
| Adani Energy Solutions Ltd. | Power | 0.36% | 0.0% | |
| Power Grid Corporation of India Ltd. | Power | 0.36% | −44.8% | |
| Nestle India Ltd. | Food Products | 0.30% | New | |
| Tech Mahindra Ltd. | IT - Software | 0.29% | 0.0% | |
| Manappuram Finance Ltd. | Finance | 0.26% | −75.0% | |
| NMDC Ltd. | Minerals & Mining | 0.24% | 0.0% | |
| JSW Energy Ltd. | Power | 0.17% | 0.0% | |
| Hindustan Aeronautics Ltd. | Aerospace & Defense | 0.16% | New | |
| 91 Day Treasury Bills · Government security | Sovereign | 0.14% | ||
| 91 Day Treasury Bills · Government security | Sovereign | 0.11% | ||
| Container Corporation of India Ltd. | Transport Services | 0.03% | New | |
| Bharat Petroleum Corporation Ltd. | Petroleum Products | 0.03% | New |
All changes are between August 2026 and September 2026
| Patanjali Foods Ltd. | Reduced | −17.9% | 3.91% |
|---|---|---|---|
| Reliance Industries Ltd. | Reduced | −3.5% | 3.03% |
| Bharti Airtel Ltd. | Reduced | −68.1% | 0.87% |
| Kotak Mahindra Bank Ltd. | Reduced | −33.8% | 1.78% |
| HDFC Bank Ltd. | Reduced | −31.8% | 1.80% |
| ICICI Bank Ltd. | Added | +67.7% | 2.19% |
| PB Fintech Ltd. | New | New | 2.10% |
| UPL Ltd. | Added | +142.3% | 2.10% |
| NTPC Ltd. | Reduced | −51.6% | 0.99% |
| Max Financial Services Ltd. | Reduced | −62.9% | 0.65% |
| Tata Steel Ltd. | Added | +19.4% | 1.85% |
| SBI Life Insurance Co. Ltd. | Reduced | −53.6% | 0.75% |
| State Bank of India | Reduced | −2.2% | 1.44% |
| BSE Ltd. | Reduced | −6.1% | 1.29% |
| Polycab India Ltd. | Reduced | −33.3% | 0.82% |
| Cipla Ltd. | Reduced | −71.7% | 0.39% |
| Bharat Heavy Electricals Ltd. | Reduced | −33.3% | 0.89% |
| One 97 Communications Ltd. | New | New | 1.33% |
| Tata Consumer Products Ltd. | Reduced | −8.3% | 1.05% |
| L&T Finance Ltd. | New | New | 1.11% |
| Manappuram Finance Ltd. | Reduced | −75.0% | 0.26% |
| Infosys Ltd. | New | New | 1.09% |
| Interglobe Aviation Ltd. | Reduced | −6.7% | 0.95% |
| Hindalco Industries Ltd. | Added | +150.0% | 1.05% |
| Radico Khaitan Ltd. | Sold out | −100% | was 1.04% |
| Kalyan Jewellers India Ltd. | Reduced | −48.1% | 0.48% |
| Mahindra & Mahindra Ltd. | Added | +66.7% | 0.94% |
| Cholamandalam Investment & Finance Co. Ltd. | New | New | 0.92% |
| DLF Ltd. | Sold out | −100% | was 0.92% |
| Nippon Life India Asset Management Ltd. | Sold out | −100% | was 0.90% |
| Titan Company Ltd. | New | New | 0.88% |
| Solar Industries India Ltd. | Sold out | −100% | was 0.82% |
| UNO Minda Ltd. | Sold out | −100% | was 0.80% |
| Larsen & Toubro Ltd. | Added | +8.3% | 0.78% |
| Shriram Finance Ltd. | Added | +90.9% | 0.77% |
| Life Insurance Corporation of India | Reduced | −3.9% | 0.63% |
| Hero MotoCorp Ltd. | Added | +375.0% | 0.68% |
| Bharat Forge Ltd. | New | New | 0.66% |
| Power Grid Corporation of India Ltd. | Reduced | −44.8% | 0.36% |
| Jindal Steel Ltd. | Added | +25.0% | 0.65% |
| Coal India Ltd. | New | New | 0.63% |
| Bajaj Auto Ltd. | New | New | 0.59% |
| HDFC Life Insurance Company Ltd. | Added | +42.9% | 0.52% |
| Zydus Lifesciences Ltd. | New | New | 0.48% |
| RBL Bank Ltd. | New | New | 0.47% |
| Multi Commodity Exchange of India Ltd. | New | New | 0.44% |
| Coforge Ltd. | Added | +83.3% | 0.42% |
| Nestle India Ltd. | New | New | 0.30% |
| Mankind Pharma Ltd. | Sold out | −100% | was 0.27% |
| Hindustan Aeronautics Ltd. | New | New | 0.16% |
| Grasim Industries Ltd. | Sold out | −100% | was 0.08% |
| Bharat Petroleum Corporation Ltd. | New | New | 0.03% |
| Container Corporation of India Ltd. | New | New | 0.03% |
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| Groww NIFTY 200 ETFETF · Groww | 43.8% | 74 | Compare |
| DSP MSCI India ETFETF · DSP | 43.2% | 66 | Compare |
| Aditya Birla Sun Life Msci India ETFETF · Aditya Birla Sun Life | 43.2% | 66 | Compare |
| Kotak MSCI India ETFETF · Kotak Mahindra | 43.2% | 66 | Compare |
| 360 ONE MSCI India ETFETF · 360 ONE | 42.7% | 66 | Compare |
| Groww ELSS Tax Saver FundELSS · Groww | 41.7% | 49 | Compare |
| UTI Nifty 500 Index FundIndex · UTI | 41.1% | 77 | Compare |
| Axis Nifty 500 Index FundIndex · Axis | 41.1% | 77 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Growth | ₹15.7805 | 30-10-2026 |
| direct | IDCW | ₹15.406 | 30-10-2026 |
| regular | Growth | ₹15.1262 | 30-10-2026 |
| regular | IDCW | ₹14.7696 | 30-10-2026 |
Union Arbitrage Fund is a mutual fund from Union Mutual Fund. Its category is Arbitrage. It was launched on 20-02-2019. Its benchmark is Nifty 50 Arbitrage Index. At the end of September 2026 it held 81 securities.
Vishal Thakker
Fund manager of Union Arbitrage Fund, since 20-02-2019
Devesh Thacker
Fund manager of Union Arbitrage Fund, since 20-02-2019
See all funds of Union Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹15.7805. The Regular plan NAV is ₹15.1262, as on 30-10-2026.
The Direct plan returned +6.59% in 1 year, +7.14% a year over 3 years, +6.58% a year over 5 years. The Regular plan returned +5.95% in 1 year, +6.50% a year over 3 years, +5.95% a year over 5 years. These figures are as on 30-10-2026.
The Direct plan charges 1.61% a year. The Regular plan charges 2.23% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
Union Arbitrage Fund managed ₹219.69 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were Union Money Market Fund - Direct Plan - (13.38%), Bank of Baroda (6.63%), PATANJALI (3.91%), RELIANCE (3.03%), IDEA (2.36%). The fund held 81 securities in all.
It bought 16 new stocks: Infosys Ltd, Zydus Lifesciences Ltd, Bharat Petroleum Corporation Ltd, Hindustan Aeronautics Ltd, Container Corporation of India Ltd. It sold out of 7: Grasim Industries Ltd, DLF Ltd, Nippon Life India Asset Management Ltd, Solar Industries India Ltd, UNO Minda Ltd. It added shares in 11. It reduced 19.
Through Union Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.
Vishal Thakker (since 20-02-2019), Devesh Thacker (since 20-02-2019).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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