Union Liquid Fund is a Liquid fund run by Union Mutual Fund. On 30-09-2026, it managed ₹5,014 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.9% a year and its Regular plan returned 6.8% a year.
NAV (Direct plan)
₹2,760.26
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹2,723.38
▲ 0.02% · 30-10-2026
Expense ratio
0.07%Direct0.17%Regular
0.07%
A year
Riskometer
Low to Moderate
Set by the fund house
3 year return
6.9%Direct6.8%Regular
6.9%
A year
Union Liquid Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹2,760.26 (up 0.02% that day); Regular Plan Growth ₹2,723.38 (up 0.02% that day).
This fund (Direct plan)
₹2,760.2568
Union Liquid Fund Returns vs Liquid Funds
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)
+0.46%
+1.51%
+3.18%
+6.46%
+6.92%
+6.44%
+5.72%
This fund (Regular)
+0.45%
+1.49%
+3.13%
+6.37%
+6.82%
+6.33%
+5.62%
Liquid average
+0.44%
+1.46%
+3.06%
+6.23%
+6.66%
+6.18%
+5.85%
Best in Liquid
+0.48%
+1.54%
+3.26%
+6.54%
+6.96%
+6.47%
+6.32%
Worst in Liquid
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Rank in Liquid
5/43
14/42
18/42
16/40
11/36
7/34
26/28
Category rows compare the Direct plans of 44 Liquid funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Liquid Debt A-I Index . CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS. Returns of that index are not available to us, so the category average is the comparison.
Union Liquid Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.39%
+5.31%
2025
+6.62%
+6.52%
2024
+7.46%
+7.35%
2023
+7.15%
+7.05%
2022
+4.95%
+4.84%
2021
+3.38%
+3.28%
Union Liquid Fund 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 3-year holding period, plotted on the day it ended. There are 3,951 periods, one for each trading day from 01-01-2016 to 30-10-2026.
0%2%4%6%8%10%
Union Liquid Fund (Direct)
Category average, 43 Liquid funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Union Liquid Fund (Direct)Category average, 43 Liquid funds
0%
0%
Below 0%
27%
22%
0-5%
73%
78%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
4,681
6.8%
3.3%
9.8%
0%
6.8%
92%
2 years
4,316
6.8%
3.4%
9.3%
0%
6.7%
83%
3 years
3,951
5.9%
3.9%
8.9%
0%
6.6%
72%
5 years
3,220
5.6%
4.5%
8.2%
0%
5.7%
43%
7 years
2,490
5.5%
5.2%
7.3%
0%
5.6%
16%
10 years
1,394
6.0%
5.7%
6.4%
0%
6.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
6.8%
0.7%
9.6%
0%
6.7%
92%
2 years
142
6.7%
3.5%
9.2%
0%
6.7%
84%
3 years
130
6.2%
3.8%
8.7%
0%
6.6%
74%
5 years
106
5.8%
4.2%
7.7%
0%
6.0%
50%
7 years
82
5.6%
4.6%
6.5%
0%
5.6%
38%
10 years
46
5.7%
5.4%
6.0%
0%
5.8%
31%
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 43 Liquid funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Union Liquid Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Union Liquid Fund (Direct)This fund
Category average
Return (CAGR)
+6.46%
+6.22%
Standard deviation
0.17%
0.18%
Sharpe ratio
7.02
5.54
Sortino ratio
19.75
14.81
Maximum drawdown
−0.01%
(15-10-2026)
−0.01%
(22-10-2026)
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 Liquid Fund (Direct)This fund
Category average
Return (CAGR)
+6.92%
+6.66%
Standard deviation
0.13%
0.14%
Sharpe ratio
6.74
4.68
Sortino ratio
19.32
12.26
Maximum drawdown
−0.01%
(15-10-2026)
−0.01%
(22-10-2026)
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 Liquid Fund (Direct)This fund
Category average
Return (CAGR)
+6.44%
+6.19%
Standard deviation
0.13%
0.13%
Sharpe ratio
5.01
2.95
Sortino ratio
10.79
5.88
Maximum drawdown
−0.03%
(05-05-2022)
−0.03%
(05-05-2022)
From daily NAVs, 30-10-2021 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 Liquid Fund (Direct)This fund
Category average
Return (CAGR)
+5.72%
+5.85%
Standard deviation
0.88%
0.15%
Sharpe ratio
0.37
2.92
Sortino ratio
0.38
5.60
Maximum drawdown
−3.3%
(18-09-2018)
−0.12%
(24-03-2020)
From daily NAVs, 30-10-2016 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 Liquid Fund (Direct)This fund
Category average
Return (CAGR)
+6.53%
+6.51%
Standard deviation
0.76%
0.25%
Sharpe ratio
0.64
1.81
Sortino ratio
0.65
2.69
Maximum drawdown
−3.3%
(18-09-2018)
−0.34%
(07-01-2013)
From daily NAVs, 01-01-2013 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.
−4%−3%−2%−1%0%
Union Liquid Fund (Direct)
Category average, 43 Liquid funds
2014201620182020202220242026
Union Liquid Fund (Direct)Category average, 43 Liquid funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Union Liquid Fund (Direct)
−3.3%
13-09-2018
18-09-2018
13-03-2019
6 months
0.0%
Category average
−0.34%
06-01-2013
07-01-2013
11-01-2013
4 days
0.0%
From the Direct plan's daily NAV since 01-01-2013, adjusted for unit splits, and the average of the 43 Liquid 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.
Union Liquid Fund vs Other Liquid Funds
The five Liquid funds with the best three year return, and this fund. Direct plans.
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.
Union Liquid Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Liquid median
Cost rank (1 = cheapest)
Direct
0.06%
0.00%
0.00%
0.01%
0.07%
0.14%
1/43
Regular
0.15%
0.00%
0.00%
0.02%
0.17%
0.25%
4/43
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 Liquid 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
6.37%
6.46%
0.09%
₹1,06,370
₹1,06,460
3 years
6.82%
6.92%
0.10% a year
₹1,21,887
₹1,22,230
5 years
6.33%
6.44%
0.11% a year
₹1,35,919
₹1,36,623
10 years
5.62%
5.72%
0.10% a year
₹1,72,767
₹1,74,410
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 Liquid Fund 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
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planUnion Liquid Fund (Direct)
₹16,60,000
₹25,71,740
₹9,11,740
6.1%
Regular planUnion Liquid Fund (Regular)
₹16,60,000
₹25,51,643
₹8,91,643
6.0%
Category averageCategory average, 43 Liquid funds
₹16,60,000
₹25,70,208
₹9,10,208
6.1%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planUnion Liquid Fund (Direct)
Regular planUnion Liquid Fund (Regular)
Category averageCategory average, 43 Liquid funds
Amount invested
2014201620182020202220242026
Direct planUnion Liquid Fund (Direct)Regular planUnion Liquid Fund (Regular)Category averageCategory average, 43 Liquid fundsAmount 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.
Union Liquid Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
111.4%Debt
Asset
Fund
Category
Debt
111.4%
97.0%
Cash and others
−11.4%
6.5%
Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 42 Liquid funds.
Rating
Fund
Category
Sovereign
15.2%
15.2%
AAA and A1+
96.2%
81.1%
Union Liquid Fund Portfolio Holdings
As on 30-09-2026 · 73 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Bank of Baroda · Certificate of deposit
IND A1+
3.94%
91 Day Treasury Bills · Government security
Sovereign
3.76%
HDFC Bank Ltd. · Certificate of deposit
CRISIL A1+
2.97%
Alembic Pharmaceuticals Ltd. · Commercial paper
CRISIL A1+
2.95%
HDFC Bank Ltd. · Certificate of deposit
[ICRA]A1+
2.95%
91 Day Treasury Bills · Government security
Sovereign
2.48%
Kotak Securities Ltd. · Commercial paper
CRISIL A1+
2.47%
The Federal Bank Ltd. · Certificate of deposit
CRISIL A1+
2.46%
Sikka Ports & Terminals Ltd. · Bond
CRISIL AAA
2.36%
91 Day Treasury Bills · Government security
Sovereign
2.28%
91 Day Treasury Bills · Government security
Sovereign
1.99%
LIC Housing Finance Ltd. · Commercial paper
CRISIL A1+
1.98%
Axis Bank Ltd.
CRISIL A1+
1.98%
HDFC Bank Ltd. · Certificate of deposit
CRISIL A1+
1.98%
Canara Bank · Certificate of deposit
CRISIL A1+
1.98%
PNB Housing Finance Ltd. · Commercial paper
CRISIL A1+
1.98%
SBICAP Securities Ltd. · Commercial paper
CRISIL A1+
1.98%
Bank of Baroda · Certificate of deposit
IND A1+
1.98%
Motilal Oswal Finvest Ltd. · Commercial paper
CRISIL A1+
1.98%
BOBCARD Ltd. · Commercial paper
CRISIL A1+
1.98%
Muthoot Fincorp Ltd. · Commercial paper
CRISIL A1+
1.97%
Reliance Retail Ventures Ltd. · Commercial paper
CRISIL A1+
1.97%
National Bank for Agriculture and Rural Development · Commercial paper
CRISIL A1+
1.97%
AU Small Finance Bank Ltd. · Certificate of deposit
CRISIL A1+
1.97%
Sikka Ports & Terminals Ltd. · Commercial paper
CRISIL A1+
1.97%
LIC Housing Finance Ltd. · Commercial paper
CRISIL A1+
1.97%
Small Industries Development Bank of India · Commercial paper
CRISIL A1+
1.97%
Bank of India · Certificate of deposit
CRISIL A1+
1.97%
Small Industries Development Bank of India · Certificate of deposit
CRISIL A1+
1.97%
HDFC Bank Ltd. · Certificate of deposit
[ICRA]A1+
1.97%
Redington Ltd. · Commercial paper
CRISIL A1+
1.97%
Bank of Baroda · Certificate of deposit
IND A1+
1.97%
Redington Ltd. · Commercial paper
CRISIL A1+
1.97%
LIC Housing Finance Ltd. · Bond
CRISIL AAA
1.49%
Export-Import Bank of India · Certificate of deposit
CRISIL A1+
1.49%
Godrej Finance Ltd. · Commercial paper
CRISIL A1+
1.48%
HDFC Securities Ltd. · Commercial paper
CRISIL A1+
1.48%
91 Day Treasury Bills · Government security
Sovereign
1.48%
Canara Bank · Certificate of deposit
CRISIL A1+
1.48%
Muthoot Finance Ltd. · Commercial paper
CRISIL A1+
1.48%
91 Day Treasury Bills · Government security
Sovereign
1.39%
Indian Railway Finance Corporation Ltd. · Bond
CRISIL AAA
1.00%
Aditya Birla Capital Ltd. · Commercial paper
CRISIL A1+
0.99%
Reliance Retail Ventures Ltd. · Commercial paper
CRISIL A1+
0.99%
Reliance Retail Ventures Ltd. · Commercial paper
CRISIL A1+
0.99%
91 Day Treasury Bills · Government security
Sovereign
0.99%
Axis Finance Ltd. · Commercial paper
CRISIL A1+
0.99%
HDFC Bank Ltd. · Certificate of deposit
CRISIL A1+
0.99%
Infina Finance Pvt. Ltd. · Commercial paper
CRISIL A1+
0.99%
ICICI Securities Ltd. · Commercial paper
CRISIL A1+
0.99%
ICICI Securities Ltd. · Commercial paper
CRISIL A1+
0.99%
Adani Ports and Special Economic Zone Ltd. · Commercial paper
CRISIL A1+
0.99%
Bank of Baroda · Certificate of deposit
IND A1+
0.99%
HDFC Securities Ltd. · Commercial paper
CRISIL A1+
0.99%
PNB Housing Finance Ltd. · Commercial paper
CRISIL A1+
0.99%
Small Industries Development Bank of India · Certificate of deposit
CRISIL A1+
0.99%
Axis Securities Ltd. · Commercial paper
CRISIL A1+
0.99%
Axis Securities Ltd. · Commercial paper
CRISIL A1+
0.99%
Cholamandalam Investment & Finance Co. Ltd. · Commercial paper
CRISIL A1+
0.99%
Export-Import Bank of India · Commercial paper
CRISIL A1+
0.99%
Canara Bank · Certificate of deposit
CRISIL A1+
0.99%
Canara Bank · Certificate of deposit
CRISIL A1+
0.99%
National Bank for Agriculture and Rural Development · Commercial paper
CRISIL A1+
0.99%
ICICI Securities Ltd. · Commercial paper
CRISIL A1+
0.98%
Bharti Telecom Ltd. · Bond
CRISIL AAA
0.50%
HDFC Bank Ltd. · Certificate of deposit
CRISIL A1+
0.50%
364 Day Treasury Bills · Government security
Sovereign
0.50%
Axis Bank Ltd.
CRISIL A1+
0.49%
Canara Bank · Certificate of deposit
CRISIL A1+
0.49%
Corporate Debt Mkt Devp. Fund-A2
Alternative Investment Fund
0.36%
State Government of Uttarakhand 7.25% 2026 · State government security
Sovereign
0.10%
State Government of Tamil Nadu 7.23% 2026 · State government security
Sovereign
0.10%
State Government of Maharashtra 7.22% 2026 · State government security
Sovereign
0.10%
Union Liquid Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
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.
Union Liquid Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.07%
Expense ratio (Regular)
0.17%
Category
Liquid
Risk
Low to Moderate
Launch date
15-06-2011
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹5,014.29 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119303
ISIN (Direct)
INF582M01674
Scheme code (Regular)
115398
ISIN (Regular)
INF582M01013
NAV history
From 01-01-2013, 13.8 years
Benchmark
CRISIL Liquid Debt A-I Index . CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS
Exit load
Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
Tax on Union Liquid Fund returns
Union Liquid Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
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
₹2,760.2568
30-10-2026
direct
Daily IDCW
₹1,003.9591
30-10-2026
direct
Fortnightly IDCW
₹1,001.9219
30-10-2026
direct
Monthly IDCW
₹1,001.8222
30-10-2026
direct
Weekly IDCW
₹1,001.9733
30-10-2026
regular
Growth
₹2,723.3811
30-10-2026
regular
Daily IDCW
₹1,001.4576
30-10-2026
regular
Fortnightly IDCW
₹1,001.9035
30-10-2026
regular
Monthly IDCW
₹1,001.3861
30-10-2026
regular
Weekly IDCW
₹1,002.2268
30-10-2026
About Union Liquid Fund
Union Liquid Fund is a mutual fund from Union Mutual Fund. Its category is Liquid. It was launched on 15-06-2011. Its benchmark is CRISIL Liquid Debt A-I Index . CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS. At the end of September 2026 it held 73 securities.
Fund Manager
Devesh Thacker
Fund manager of Union Liquid Fund, since 15-06-2011
Parijat Agrawal
Fund manager of Union Liquid Fund, since 18-06-2021
The Direct plan NAV is ₹2,760.2568. The Regular plan NAV is ₹2,723.3811, as on 30-10-2026.
What are the returns of Union Liquid Fund?
The Direct plan returned +6.46% in 1 year, +6.92% a year over 3 years, +6.44% a year over 5 years. The Regular plan returned +6.37% in 1 year, +6.82% a year over 3 years, +6.33% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Union Liquid Fund?
The Direct plan charges 0.07% a year. The Regular plan charges 0.17% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of Union Liquid Fund?
Union Liquid Fund managed ₹5,014.29 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Union Liquid Fund?
At the end of September 2026 the largest holdings were Bank of Baroda (3.94%), 91 Day Treasury Bills (3.76%), HDFC Bank Ltd. (2.97%), Alembic Pharmaceuticals Ltd. (2.95%), HDFC Bank Ltd. (2.95%). The fund held 73 securities in all.
How do I invest in Union Liquid Fund?
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 ₹5,000. You can invest once or through a monthly SIP.
Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
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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