Union Retirement Fund is a mutual fund run by Union Mutual Fund. On 30-09-2026, it managed ₹207 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 12.1% a year and its Regular plan returned 10.7% a year. Its benchmark, BSE 500 TRI, returned 9.9% a year over the same 3 years.
NAV (Direct plan)
₹16.43
▼ 0.67% · 30-10-2026
NAV (Regular plan)
₹15.51
▼ 0.64% · 30-10-2026
Expense ratio
1.36%Direct2.67%Regular
1.36%
A year
Riskometer
Very High
Set by the fund house
3 year return
12.1%Direct10.7%Regular
12.1%
A year
Union Retirement Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹16.43 (down 0.67% that day); Regular Plan Growth ₹15.51 (down 0.64% that day).
This fund (Direct plan)
₹16.43
Union Retirement Fund Returns vs BSE 500 TRI
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)
−2.20%
−5.14%
−1.02%
−2.20%
+12.05%
--
--
This fund (Regular)
−2.27%
−5.48%
−1.65%
−3.48%
+10.65%
--
--
BSE 500 TRI
−0.87%
−6.09%
−2.95%
−7.66%
+9.89%
+8.65%
+12.51%
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.
Union Retirement Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
BSE 500 TRI
2026to date
−2.67%
−3.72%
−7.81%
2025
+7.45%
+6.06%
+7.63%
2024
+18.75%
+17.39%
+15.81%
2023
+32.30%
+30.05%
+26.55%
Union Retirement 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 266 periods, one for each trading day from 29-09-2025 to 30-10-2026.
0%5%10%15%20%25%
Union Retirement Fund (Direct)
BSE 500 TRI
Oct 2022 to Oct 2025Jan 2023 to Jan 2026Mar 2023 to Mar 2026May 2023 to May 2026Jul 2023 to Jul 2026Sept 2023 to Sept 2026
Union Retirement Fund (Direct)BSE 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
9%
5-10%
19%
44%
10-15%
80%
47%
15-20%
2%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
758
11.0%
−5.0%
47.0%
3%
8.8%
86%
2 years
513
17.4%
−0.1%
30.7%
0%
16.6%
98%
3 years
266
17.6%
10.8%
20.2%
0%
14.8%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
38
14.1%
−16.8%
44.8%
16%
11.4%
87%
2 years
26
10.9%
−1.8%
36.5%
4%
9.1%
100%
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 benchmark" counts the periods in which the fund did better than BSE 500 TRI over the same days. Past returns do not promise future returns.
Union Retirement Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Union Retirement Fund (Direct)This fund
BSE 500 TRI
Return (CAGR)
−2.20%
−7.66%
Standard deviation
15.10%
14.32%
Sharpe ratio
-0.49
-0.90
Sortino ratio
-0.66
-1.19
Maximum drawdown
−12.2%
(23-03-2026)
−14.8%
(30-03-2026)
Beta
1.02
1.00
Alpha
+5.74%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Union Retirement Fund (Direct)This fund
BSE 500 TRI
Return (CAGR)
+12.05%
+9.89%
Standard deviation
14.27%
14.19%
Sharpe ratio
0.42
0.27
Sortino ratio
0.57
0.37
Maximum drawdown
−17.8%
(28-02-2025)
−18.7%
(28-02-2025)
Beta
0.98
1.00
Alpha
+2.23%
0.00%
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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Union Retirement Fund (Direct)This fund
BSE 500 TRI
Return (CAGR)
+14.09%
+11.16%
Standard deviation
13.10%
13.24%
Sharpe ratio
0.60
0.38
Sortino ratio
0.82
0.51
Maximum drawdown
−17.8%
(28-02-2025)
−18.7%
(28-02-2025)
Beta
0.96
1.00
Alpha
+3.12%
0.00%
From daily NAVs, 29-09-2022 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−20%−15%−10%−5%0%
Union Retirement Fund (Direct)
BSE 500 TRI
2023202420252026
Union Retirement Fund (Direct)BSE 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Union Retirement Fund (Direct)
−17.8%
26-09-2024
28-02-2025
20-10-2025
8 months
−7.9%
BSE 500 TRI
−18.7%
26-09-2024
28-02-2025
Not yet
--
−9.4%
From the Direct plan's daily NAV since 29-09-2022, adjusted for unit splits, and BSE 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Union Retirement Fund Expense Ratio and Costs
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
Direct
0.98%
0.06%
0.00%
0.32%
1.36%
Regular
2.10%
0.06%
0.00%
0.51%
2.67%
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
−3.48%
−2.20%
1.28%
₹96,520
₹97,800
3 years
10.65%
12.05%
1.40% a year
₹1,35,473
₹1,40,681
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 Retirement 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 29-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planUnion Retirement Fund (Direct)
₹5,00,000
₹6,05,015
₹1,05,015
9.1%
Regular planUnion Retirement Fund (Regular)
₹5,00,000
₹5,86,597
₹86,597
7.6%
BSE 500 TRI
₹5,00,000
₹5,64,373
₹64,373
5.8%
₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
Direct planUnion Retirement Fund (Direct)
Regular planUnion Retirement Fund (Regular)
BSE 500 TRI
Amount invested
2023202420252026
Direct planUnion Retirement Fund (Direct)Regular planUnion Retirement Fund (Regular)BSE 500 TRIAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI, 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 Retirement Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
97.8%Equity
Asset
Fund
Equity
97.8%
Cash and others
2.1%
Debt
0.1%
Market cap of stocks
Market cap
Fund
Large Cap
46.8%
Mid Cap
20.5%
Small Cap
30.6%
Share of the whole fund. 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.
Union Retirement Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks17.0%
Capital Markets6.8%
Electrical Equipment6.3%
Chemicals & Petrochemicals5.8%
Auto Components5.7%
Consumer Durables5.6%
Retailing4.7%
IT - Software4.5%
Pharmaceuticals & Biotechnology4.1%
Automobiles3.6%
The ten largest of 33 sectors. The other 23 add up to 33.8%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
18.3%
17.7%
17.0%
−1.3%
Capital Markets
6.0%
6.5%
6.8%
+0.8%
Electrical Equipment
5.6%
6.0%
6.3%
+0.7%
Chemicals & Petrochemicals
5.3%
5.6%
5.8%
+0.5%
Auto Components
5.6%
5.6%
5.7%
+0.1%
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.
Union Retirement Fund Portfolio Holdings
As on 30-09-2026 · 80 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
ICICI Bank Ltd.
Banks
5.76%
0.0%
HDFC Bank Ltd.
Banks
4.29%
−10.7%
Multi Commodity Exchange of India Ltd.
Capital Markets
2.72%
−5.6%
Solar Industries India Ltd.
Chemicals & Petrochemicals
2.53%
0.0%
Eternal Ltd.
Retailing
2.17%
0.0%
Reliance Industries Ltd.
Petroleum Products
2.10%
0.0%
Axis Bank Ltd.
Banks
2.08%
+9.4%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
2.00%
0.0%
S.J.S. Enterprises Ltd.
Auto Components
1.97%
0.0%
Azad Engineering Ltd.
Electrical Equipment
1.87%
0.0%
Tata Consumer Products Ltd.
Agricultural Food & other Products
1.84%
0.0%
GE Vernova T&D India Ltd.
Electrical Equipment
1.83%
0.0%
NTPC Ltd.
Power
1.80%
0.0%
State Bank of India
Banks
1.77%
−7.3%
Karur Vysya Bank Ltd.
Banks
1.72%
0.0%
CarTrade Tech Ltd.
Retailing
1.61%
0.0%
Dixon Technologies (India) Ltd.
Consumer Durables
1.59%
+8.7%
Titan Company Ltd.
Consumer Durables
1.55%
0.0%
Kirloskar Oil Engines Ltd.
Industrial Products
1.53%
0.0%
Infosys Ltd.
IT - Software
1.52%
0.0%
Acutaas Chemicals Ltd.
Pharmaceuticals & Biotechnology
1.51%
0.0%
The Phoenix Mills Ltd.
Realty
1.50%
0.0%
Bharti Airtel Ltd.
Telecom - Services
1.45%
0.0%
Torrent Pharmaceuticals Ltd.
Pharmaceuticals & Biotechnology
1.44%
0.0%
Ujjivan Small Finance Bank Ltd.
Banks
1.41%
0.0%
Gabriel India Ltd.
Auto Components
1.40%
0.0%
ZF Commercial Vehicle Control Systems India Ltd.
Auto Components
1.36%
0.0%
Mphasis Ltd.
IT - Software
1.34%
0.0%
Adani Ports and Special Economic Zone Ltd.
Transport Infrastructure
1.31%
+15.4%
Nippon Life India Asset Management Ltd.
Capital Markets
1.30%
0.0%
Hyundai Motor India Ltd.
Automobiles
1.28%
+13.0%
Shriram Finance Ltd.
Finance
1.24%
0.0%
Ajanta Pharma Ltd.
Pharmaceuticals & Biotechnology
1.16%
0.0%
Max Financial Services Ltd.
Insurance
1.16%
0.0%
KSB Ltd.
Industrial Products
1.12%
0.0%
Kfin Technologies Ltd.
Capital Markets
1.10%
0.0%
Hindustan Copper Ltd.
Non - Ferrous Metals
1.08%
0.0%
Max Healthcare Institute Ltd.
Healthcare Services
1.07%
0.0%
Cholamandalam Investment & Finance Co. Ltd.
Finance
1.06%
0.0%
Angel One Ltd.
Capital Markets
1.06%
0.0%
Varun Beverages Ltd.
Beverages
1.05%
0.0%
JSW Steel Ltd.
Ferrous Metals
1.00%
0.0%
Sona Blw Precision Forgings Ltd.
Auto Components
1.00%
New
Cemindia Projects Ltd.
Construction
0.98%
0.0%
Bharat Heavy Electricals Ltd.
Electrical Equipment
0.96%
0.0%
Maruti Suzuki India Ltd.
Automobiles
0.96%
−17.5%
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
0.92%
+12.5%
LG Electronics India Ltd.
Consumer Durables
0.92%
+22.2%
JK Cement Ltd.
Cement & Cement Products
0.91%
0.0%
Persistent Systems Ltd.
IT - Software
0.89%
0.0%
Trent Ltd.
Retailing
0.89%
0.0%
Arvind Ltd.
Textiles & Apparels
0.84%
0.0%
Amber Enterprises India Ltd.
Consumer Durables
0.84%
0.0%
CG Power and Industrial Solutions Ltd.
Electrical Equipment
0.83%
0.0%
Shadowfax Technologies Ltd.
Transport Services
0.81%
New
Aarti Industries Ltd.
Chemicals & Petrochemicals
0.81%
+16.7%
TVS Motor Company Ltd.
Automobiles
0.80%
0.0%
Apollo Hospitals Enterprise Ltd.
Healthcare Services
0.79%
0.0%
Adani Enterprises Ltd.
Metals & Minerals Trading
0.77%
0.0%
MTAR technologies Ltd.
Electrical Equipment
0.76%
0.0%
Grasim Industries Ltd.
Cement & Cement Products
0.74%
0.0%
Doms Industries Ltd.
Household Products
0.73%
0.0%
Data Patterns (India) Ltd.
Aerospace & Defense
0.73%
0.0%
Blue Star Ltd.
Consumer Durables
0.71%
0.0%
HCL Technologies Ltd.
IT - Software
0.71%
0.0%
Jubilant Foodworks Ltd.
Leisure Services
0.71%
0.0%
Interglobe Aviation Ltd.
Transport Services
0.66%
0.0%
Godrej Properties Ltd.
Realty
0.63%
0.0%
Central Depository Services (I) Ltd.
Capital Markets
0.61%
New
Home First Finance Company India Ltd.
Finance
0.59%
0.0%
Garden Reach Shipbuilders & Engineers Ltd.
Aerospace & Defense
0.58%
+37.5%
Ather Energy Ltd.
Automobiles
0.55%
0.0%
KEI Industries Ltd.
Industrial Products
0.54%
0.0%
Hindalco Industries Ltd.
Non - Ferrous Metals
0.52%
0.0%
Vijaya Diagnostic Centre Ltd.
Healthcare Services
0.52%
0.0%
Atul Ltd.
Chemicals & Petrochemicals
0.43%
0.0%
Engineers India Ltd.
Construction
0.43%
New
PB Fintech Ltd.
Financial Technology (Fintech)
0.13%
New
91 Day Treasury Bills · Government security
Sovereign
0.04%
91 Day Treasury Bills · Government security
Sovereign
0.03%
Union Retirement Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Ltd.
↓Reduced
−10.7%
4.29%
Multi Commodity Exchange of India Ltd.
↓Reduced
−5.6%
2.72%
Axis Bank Ltd.
↑Added
+9.4%
2.08%
State Bank of India
↓Reduced
−7.3%
1.77%
Dixon Technologies (India) Ltd.
↑Added
+8.7%
1.59%
Larsen & Toubro Ltd.
↓Sold out
−100%
was 1.50%
Adani Ports and Special Economic Zone Ltd.
↑Added
+15.4%
1.31%
Hyundai Motor India Ltd.
↑Added
+13.0%
1.28%
Maruti Suzuki India Ltd.
↓Reduced
−17.5%
0.96%
Sona Blw Precision Forgings Ltd.
↑New
New
1.00%
Tata Motors Ltd.
↑Added
+12.5%
0.92%
LG Electronics India Ltd.
↑Added
+22.2%
0.92%
Shadowfax Technologies Ltd.
↑New
New
0.81%
Aarti Industries Ltd.
↑Added
+16.7%
0.81%
Cummins India Ltd.
↓Sold out
−100%
was 0.71%
Endurance Technologies Ltd.
↓Sold out
−100%
was 0.66%
Central Depository Services (I) Ltd.
↑New
New
0.61%
Garden Reach Shipbuilders & Engineers Ltd.
↑Added
+37.5%
0.58%
Engineers India Ltd.
↑New
New
0.43%
PB Fintech Ltd.
↑New
New
0.13%
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.
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 Retirement Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.36%
Expense ratio (Regular)
2.67%
Category
Solution
Risk
Very High
Benchmark
BSE 500 TRI
Launch date
22-09-2022
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹206.52 Cr (30-09-2026)
Lock in
5 years, or until retirement if earlier
Scheme code (Direct)
150554
ISIN (Direct)
INF582M01IK5
Scheme code (Regular)
150552
ISIN (Regular)
INF582M01IM1
NAV history
From 29-09-2022, 4.1 years
Exit load
Nil
Tax on Union Retirement Fund 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
₹16.43
30-10-2026
direct
IDCW
₹16.25
30-10-2026
regular
Growth
₹15.51
30-10-2026
regular
IDCW
₹14.38
30-10-2026
About Union Retirement Fund
Union Retirement Fund is a mutual fund from Union Mutual Fund. Its category is Solution. It was launched on 22-09-2022. Its benchmark is BSE 500 TRI. At the end of September 2026 it held 80 securities.
Fund Manager
Pratik Dharmshi
Fund manager of Union Retirement Fund, since 09-12-2024
Pratit Vajani
Fund manager of Union Retirement Fund, since 01-07-2025
Frequently Asked Questions for Union Retirement Fund
What is the current NAV of Union Retirement Fund?
The Direct plan NAV is ₹16.43. The Regular plan NAV is ₹15.51, as on 30-10-2026.
What are the returns of Union Retirement Fund?
The Direct plan returned −2.20% in 1 year, +12.05% a year over 3 years. The Regular plan returned −3.48% in 1 year, +10.65% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of Union Retirement Fund?
The Direct plan charges 1.36% a year. The Regular plan charges 2.67% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Union Retirement Fund?
Union Retirement Fund managed ₹206.52 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Union Retirement Fund?
At the end of September 2026 the largest holdings were ICICIBANK (5.76%), HDFCBANK (4.29%), MCX (2.72%), SOLARINDS (2.53%), ETERNAL (2.17%). The fund held 80 securities in all.
What did Union Retirement Fund buy and sell in September 2026?
It bought 5 new stocks: Sona Blw Precision Forgings Ltd, Shadowfax Technologies Ltd, PB Fintech Ltd, Engineers India Ltd, Central Depository Services (I) Ltd. It sold out of 3: Larsen & Toubro Ltd, Cummins India Ltd, Endurance Technologies Ltd. It added shares in 8. It reduced 4.
How do I invest in Union Retirement 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 ₹1,000. You can invest once or through a monthly SIP.
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.
Track Union Retirement Fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.