Union Income Plus Arbitrage Active FOF

Fund of FundsDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Union Income Plus Arbitrage Active FOF is a mutual fund run by Union Mutual Fund. On 30-09-2026, it managed ₹55 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 3.9% and its Regular plan returned 3.5%.

NAV (Direct plan): ₹10.51; ▲ 0.05%30-10-2026
NAV (Regular plan): ₹10.45; ▲ 0.05%30-10-2026
Expense ratio: 0.23%Direct0.58%Regular; 0.23%; A year
Riskometer: Moderate; Set by the fund house
1 year return: 3.9%Direct3.5%Regular; 3.9%; Total

Union Income Plus Arbitrage Active FOF NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹10.51 (up 0.05% that day); Regular Plan Growth ₹10.45 (up 0.05% that day).

This fund (Direct plan)

₹10.5072

Union Income Plus Arbitrage Active FOF Returns

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.08%	+0.29%	+2.33%	+3.86%	--	--	--
This fund (Regular)	−0.10%	+0.21%	+2.14%	+3.45%	--	--	--
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. This fund's benchmark is Nifty Composite Debt Index 60% + Nifty Arbitrage Index TRI 40%. Returns of that index are not available to us.

Union Income Plus Arbitrage Active FOF Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.03%	+2.71%

Union Income Plus Arbitrage Active FOF Rolling Returns

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 1-year holding period, plotted on the day it ended. There are 92 periods, one for each trading day from 16-06-2026 to 30-10-2026.

0%1%2%3%4%5%6%

Jun 2025
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Jun 2026Jul 2025
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Jul 2026Aug 2025
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Aug 2026Sept 2025
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Sept 2026Sept 2025
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Sept 2026Oct 2025
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Oct 2026

Union Income Plus Arbitrage Active FOF (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	92	4.5%	3.6%	5.5%	0%

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. Past returns do not promise future returns.

Union Income Plus Arbitrage Active FOF Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Union Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+3.86%
Standard deviation	1.52%
Sharpe ratio	-0.92
Sortino ratio	-1.25
Maximum drawdown	−1.0% (02-04-2026)

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 Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+3.85%
Standard deviation	1.48%
Sharpe ratio	-1.00
Sortino ratio	-1.35
Maximum drawdown	−1.0% (02-04-2026)

From daily NAVs, 16-06-2025 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.

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.

−1.2%−1%−0.8%−0.6%−0.4%−0.2%0%

2026

Union Income Plus Arbitrage Active FOF (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Union Income Plus Arbitrage Active FOF (Direct)	−1.0%	02-03-2026	02-04-2026	10-04-2026	8 days	−0.32%

From the Direct plan's daily NAV since 16-06-2025, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

Union Income Plus Arbitrage Active FOF Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio
Direct	0.19%	0.00%	0.00%	0.04%	0.23%
Regular	0.49%	0.00%	0.00%	0.09%	0.58%

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.

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	3.45%	3.86%	0.41%	₹1,03,450	₹1,03,860

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.

Union Income Plus Arbitrage Active FOF SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 16-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planUnion Income Plus Arbitrage Active FOF (Direct)	₹1,70,000	₹1,74,842	₹4,842	3.8%
Regular planUnion Income Plus Arbitrage Active FOF (Regular)	₹1,70,000	₹1,74,330	₹4,330	3.4%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Direct planUnion Income Plus Arbitrage Active FOF (Direct)Regular planUnion Income Plus Arbitrage Active FOF (Regular)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 Income Plus Arbitrage Active FOF Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

100.0%Cash and others

Asset	Fund
Cash and others	100.0%

Union Income Plus Arbitrage Active FOF Portfolio Holdings

As on 30-09-2026 · 4 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%
Union Corporate Bond Fund-Direct-Growth	Mutual Fund	40.58%
Union Arbitrage Fund - Direct-Growth	Mutual Fund	40.51%
Union Gilt Fund - Direct Plan - Growth	Mutual Fund	8.46%
Union Short Duration Fund - Direct Plan-	Mutual Fund	7.27%

Union Income Plus Arbitrage Active FOF Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.23%
Expense ratio (Regular): 0.58%
Category: Fund of Funds
Risk: Moderate
Launch date: 12-06-2025
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹55.11 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153575
ISIN (Direct): INF582M01LF9
Scheme code (Regular): 153573
ISIN (Regular): INF582M01LB8
NAV history: From 16-06-2025, 1.4 years

Benchmark: Nifty Composite Debt Index 60% + Nifty Arbitrage Index TRI 40%
Exit load: NIL

Tax on Union Income Plus Arbitrage Active FOF returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹10.5072	30-10-2026
direct	IDCW	₹10.5072	30-10-2026
regular	Growth	₹10.4456	30-10-2026
regular	IDCW	₹10.4456	30-10-2026

About Union Income Plus Arbitrage Active FOF

Union Income Plus Arbitrage Active FOF is a mutual fund from Union Mutual Fund. Its category is Fund of Funds. It was launched on 12-06-2025. Its benchmark is Nifty Composite Debt Index 60% + Nifty Arbitrage Index TRI 40%. At the end of September 2026 it held 4 securities.

Fund Manager

Vishal Thakker
Fund manager of Union Income Plus Arbitrage Active FOF
Anindya Sarkar
Fund manager of Union Income Plus Arbitrage Active FOF
Shrenuj Parekh
Fund manager of Union Income Plus Arbitrage Active FOF

See all funds of Union Mutual Fund

AUM change

September 2026: ₹55.11 Cr; −6.21% from August 2026
August 2026: ₹58.76 Cr; −6.69% from July 2026
July 2026: ₹62.97 Cr; −1.61% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Frequently Asked Questions for Union Income Plus Arbitrage Active FOF

What is the current NAV of Union Income Plus Arbitrage Active FOF?

The Direct plan NAV is ₹10.5072. The Regular plan NAV is ₹10.4456, as on 30-10-2026.

What are the returns of Union Income Plus Arbitrage Active FOF?

The Direct plan returned +3.86% in 1 year. The Regular plan returned +3.45% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Union Income Plus Arbitrage Active FOF?

The Direct plan charges 0.23% a year. The Regular plan charges 0.58% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Union Income Plus Arbitrage Active FOF?

Union Income Plus Arbitrage Active FOF managed ₹55.11 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Union Income Plus Arbitrage Active FOF?

At the end of September 2026 the largest holdings were Union Corporate Bond Fund-Direct-Growth (40.58%), Union Arbitrage Fund - Direct-Growth (40.51%), Union Gilt Fund - Direct Plan - Growth (8.46%), Union Short Duration Fund - Direct Plan- (7.27%). The fund held 4 securities in all.

How do I invest in Union Income Plus Arbitrage Active FOF?

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.

Who is the fund manager of Union Income Plus Arbitrage Active FOF?

Vishal Thakker, Anindya Sarkar, Shrenuj Parekh.

What is the exit load of Union Income Plus Arbitrage Active FOF?

NIL

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.