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    Union Liquid Fund

    LiquidDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    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
    Riskometer
    Low to Moderate
    Set by the fund house
    3 year return
    6.9%Direct6.8%Regular

    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).

    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
    Period1M3M6M1Y3Y5Y10Y
    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 Liquid0.00%0.00%0.00%0.00%0.00%0.00%0.00%
    Rank in Liquid5/4314/4218/4216/4011/367/3426/28

    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
    YearDirectRegular
    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%
    Nov 2013
    to
    Nov 2016
    Sept 2015
    to
    Sept 2018
    Jul 2017
    to
    Jul 2020
    May 2019
    to
    May 2022
    Mar 2021
    to
    Mar 2024
    Dec 2022
    to
    Dec 2025
    Union Liquid Fund (Direct)Category average, 43 Liquid funds

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossCategory medianBeat category
    1 year4,6816.8%3.3%9.8%0%6.8%92%
    2 years4,3166.8%3.4%9.3%0%6.7%83%
    3 years3,9515.9%3.9%8.9%0%6.6%72%
    5 years3,2205.6%4.5%8.2%0%5.7%43%
    7 years2,4905.5%5.2%7.3%0%5.6%16%
    10 years1,3946.0%5.7%6.4%0%6.1%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. "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

    MeasureUnion Liquid Fund (Direct)This fundCategory average
    Return (CAGR)+6.92%+6.66%
    Standard deviation0.13%0.14%
    Sharpe ratio6.744.68
    Sortino ratio19.3212.26
    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.

    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%
    2014201620182020202220242026
    Union Liquid Fund (Direct)Category average, 43 Liquid funds
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Union Liquid Fund (Direct)−3.3%13-09-201818-09-201813-03-20196 months0.0%
    Category average−0.34%06-01-201307-01-201311-01-20134 days0.0%

    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.

    Fund nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    Aditya Birla Sun Life Liquid Fund1/3661,1670.21%+6.52%+6.96%----6.2217.25Compare
    Axis Liquid Fund1/3653,4700.13%+6.54%+6.96%----6.3919.90Compare
    Edelweiss Liquid Fund1/3611,7410.10%+6.50%+6.96%----6.4518.56Compare
    Franklin India Liquid Fund4/364,8110.14%+6.52%+6.95%----6.5121.25Compare
    Sundaram Liquid Fund4/366,7270.14%+6.53%+6.95%----6.0318.56Compare
    Union Liquid Fund11/365,0140.07%+6.46%+6.92%----6.7419.32

    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

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioLiquid medianCost rank (1 = cheapest)
    Direct0.06%0.00%0.00%0.01%0.07%0.14%1/43
    Regular0.15%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 lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year6.37%6.46%0.09%₹1,06,370₹1,06,460
    3 years6.82%6.92%0.10% a year₹1,21,887₹1,22,230
    5 years6.33%6.44%0.11% a year₹1,35,919₹1,36,623
    10 years5.62%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.

    InvestmentInvestedValue nowGainReturn 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
    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

    AssetFundCategory
    Debt111.4%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.

    RatingFundCategory
    Sovereign15.2%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

    HoldingsRatingWeight%
    Bank of Baroda · Certificate of depositIND A1+3.94%
    91 Day Treasury Bills · Government securitySovereign3.76%
    HDFC Bank Ltd. · Certificate of depositCRISIL A1+2.97%
    Alembic Pharmaceuticals Ltd. · Commercial paperCRISIL A1+2.95%
    HDFC Bank Ltd. · Certificate of deposit[ICRA]A1+2.95%
    91 Day Treasury Bills · Government securitySovereign2.48%
    Kotak Securities Ltd. · Commercial paperCRISIL A1+2.47%
    The Federal Bank Ltd. · Certificate of depositCRISIL A1+2.46%
    Sikka Ports & Terminals Ltd. · BondCRISIL AAA2.36%
    91 Day Treasury Bills · Government securitySovereign2.28%

    Union Liquid Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    Mirae Asset Liquid FundLiquid · Mirae Asset26.7%27Compare
    Kotak Liquid FundLiquid · Kotak Mahindra25.9%23Compare
    Edelweiss Liquid FundLiquid · Edelweiss24.6%20Compare
    Nippon India Liquid FundLiquid · Nippon India21.3%23Compare
    HSBC Liquid FundLiquid · HSBC20.4%18Compare
    ICICI Prudential Liquid FundLiquid · ICICI Prudential19.9%23Compare
    TRUSTMF Liquid FundLiquid · Trust19.5%11Compare
    Tata Liquid FundLiquid · Tata19.0%17Compare

    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

    PlanOptionNAVAs on
    directGrowth₹2,760.256830-10-2026
    directDaily IDCW₹1,003.959130-10-2026
    directFortnightly IDCW₹1,001.921930-10-2026
    directMonthly IDCW₹1,001.822230-10-2026
    directWeekly IDCW₹1,001.973330-10-2026
    regularGrowth₹2,723.381130-10-2026
    regularDaily IDCW₹1,001.457630-10-2026
    regularFortnightly IDCW₹1,001.903530-10-2026
    regularMonthly IDCW₹1,001.386130-10-2026
    regularWeekly IDCW₹1,002.226830-10-2026

    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

    See all funds of Union Mutual Fund

    AUM change

    September 2026
    ₹5,014.29 Cr
    −33.83% from August 2026
    August 2026
    ₹7,577.89 Cr
    +0.18% from July 2026
    July 2026
    ₹7,564.22 Cr
    +13.75% from June 2026

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

    Compare Union Liquid Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for Union Liquid Fund

    What is the current NAV of Union Liquid Fund?

    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.

    Who is the fund manager of Union Liquid Fund?

    Devesh Thacker (since 15-06-2011), Parijat Agrawal (since 18-06-2021).

    What is the exit load of Union Liquid Fund?

    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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