Union Short Term Fund

Ultra ShortDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Union Short Term Fund is an Ultra Short fund run by Union Mutual Fund. On 30-09-2026, it managed ₹111 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): ₹11.06; ▲ 0.05%30-10-2026
NAV (Regular plan): ₹10.98; ▲ 0.05%30-10-2026
Expense ratio: 0.35%Direct0.80%Regular; 0.35%; A year
Riskometer: Moderate; Set by the fund house
1 year return: 3.9%Direct3.5%Regular; 3.9%; Total

Union Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.06 (up 0.05% that day); Regular Plan Growth ₹10.98 (up 0.05% that day).

This fund (Direct plan)

₹11.0595

Union Short Term Fund Returns vs Ultra Short 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)	−0.11%	+0.22%	+2.39%	+3.89%	--	--	--
This fund (Regular)	−0.15%	+0.11%	+2.16%	+3.50%	--	--	--
Ultra Short average	+0.30%	+1.34%	+3.06%	+6.00%	--	--	--
Best in Ultra Short	+0.39%	+1.59%	+3.46%	+6.84%	--	--	--
Worst in Ultra Short	−0.11%	0.00%	+0.02%	0.00%	--	--	--
Rank in Ultra Short	26/26	24/25	24/25	24/25	--	--	--

Category rows compare the Direct plans of 26 Ultra Short funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Short Duration Debt A-II Index Benchmark Discalimer: 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 Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.33%	+3.01%

Union Short Term 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 1-year holding period, plotted on the day it ended. There are 178 periods, one for each trading day from 03-02-2026 to 30-10-2026.

0%2%4%6%8%

Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Union Short Term Fund (Direct)Category average, 26 Ultra Short funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	178	5.2%	3.8%	7.5%	0%	6.2%	19%

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 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Union Short Term Fund Risk

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

Risk and return

Measure	Union Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+3.89%	+6.00%
Standard deviation	1.22%	0.44%
Sharpe ratio	-1.11	1.73
Sortino ratio	-1.52	2.73
Maximum drawdown	−0.51% (02-04-2026)	−0.09% (08-07-2026)

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 Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+5.92%	+6.53%
Standard deviation	1.17%	0.41%
Sharpe ratio	0.37	2.57
Sortino ratio	0.55	4.50
Maximum drawdown	−0.51% (02-04-2026)	−0.09% (08-07-2026)

From daily NAVs, 03-02-2025 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.

−0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%

2026

Union Short Term Fund (Direct)Category average, 26 Ultra Short funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Union Short Term Fund (Direct)	−0.51%	11-03-2026	02-04-2026	09-04-2026	7 days	−0.26%
Category average	−0.09%	06-07-2026	08-07-2026	13-07-2026	5 days	0.0%

From the Direct plan's daily NAV since 03-02-2025, adjusted for unit splits, and the average of the 26 Ultra Short 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 Short Term Fund vs Other Ultra Short Funds

The five Ultra Short 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
Tata Ultra Short Term Fund	1/23	5,404	0.33%	+6.84%	+7.44%	--	--	3.83	7.92	Compare
Aditya Birla Sun Life Ultra Short Term Fund	2/23	16,279	0.32%	+6.36%	+7.41%	--	--	3.30	6.20	Compare
Axis Ultra Short Term fund	3/23	4,996	0.36%	+6.56%	+7.37%	--	--	3.53	7.07	Compare
Mirae Asset Ultra Short-Term Fund	4/23	1,808	0.22%	+6.48%	+7.34%	--	--	3.33	6.25	Compare
ICICI Prudential Ultra Short Term Fund	5/23	15,236	0.40%	+6.37%	+7.31%	--	--	3.25	6.24	Compare
Union Short Term Fund	24/25	111	0.35%	+3.89%	--	--	--	--	--

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 Short Term 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	Ultra Short median	Cost rank (1 = cheapest)
Direct	0.28%	0.01%	0.01%	0.05%	0.35%	0.30%	19/26
Regular	0.66%	0.01%	0.01%	0.12%	0.80%	0.81%	12/26

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 Ultra Short 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	3.50%	3.89%	0.39%	₹1,03,500	₹1,03,890

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 Short Term 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planUnion Short Term Fund (Direct)	₹2,10,000	₹2,18,826	₹8,826	4.6%
Regular planUnion Short Term Fund (Regular)	₹2,10,000	₹2,18,033	₹8,033	4.2%
Category averageCategory average, 26 Ultra Short funds	₹2,10,000	₹2,21,834	₹11,834	6.2%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

2026

Direct planUnion Short Term Fund (Direct)Regular planUnion Short Term Fund (Regular)Category averageCategory average, 26 Ultra Short 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 Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

78.7%Debt

Asset	Fund	Category
Debt	78.7%	96.7%
Cash and others	21.3%	3.8%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 26 Ultra Short funds.

Rating	Fund	Category
AAA and A1+	78.7%	77.2%

Union Short Term Fund Portfolio Holdings

As on 30-09-2026 · 11 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Indian Oil Corporation Ltd. · Bond	CRISIL AAA	8.96%
Jio Credit Ltd. · Bond	CRISIL AAA	8.86%
Small Industries Development Bank of India · Bond	CRISIL AAA	8.82%
REC Ltd. · Bond	CRISIL AAA	8.79%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	8.77%
Kotak Mahindra Bank Ltd.	CRISIL A1+	8.77%
National Bank for Agriculture and Rural Development · Bond	[ICRA]AAA	7.19%
Bank of Baroda · Certificate of deposit	IND A1+	7.01%
Canara Bank · Certificate of deposit	CRISIL A1+	7.01%
Export-Import Bank of India · Bond	CRISIL AAA	4.51%
Corporate Debt Mkt Devp. Fund-A2	Alternative Investment Fund	1.39%

Union Short Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Union Corporate Bond FundCorporate Bond · Union	16.4%	4	Compare
Union Ultra Short to Short Term FundLow Duration · Union	12.2%	3	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.

Union Short Term Fund Overview

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

Expense ratio (Direct): 0.35%
Expense ratio (Regular): 0.80%
Category: Ultra Short
Risk: Moderate
Launch date: 31-01-2025
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹110.78 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153242
ISIN (Direct): INF582M01KO3
Scheme code (Regular): 153240
ISIN (Regular): INF582M01KK1
NAV history: From 03-02-2025, 1.7 years

Benchmark: CRISIL Short Duration Debt A-II Index Benchmark Discalimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS
Exit load: NIL

Tax on Union Short Term Fund returns

Union Short Term 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	₹11.0595	30-10-2026
direct	IDCW	₹11.0595	30-10-2026
regular	Growth	₹10.9837	30-10-2026
regular	IDCW	₹10.9837	30-10-2026

About Union Short Term Fund

Union Short Term Fund is a mutual fund from Union Mutual Fund. Its category is Ultra Short. It was launched on 31-01-2025. Its benchmark is CRISIL Short Duration Debt A-II Index Benchmark Discalimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS. At the end of September 2026 it held 11 securities.

Fund Manager

Anindya Sarkar
Fund manager of Union Short Term Fund, since 31-01-2025
Shrenuj Parekh
Fund manager of Union Short Term Fund, since 31-01-2025

See all funds of Union Mutual Fund

AUM change

September 2026: ₹110.78 Cr; −1.36% from August 2026
August 2026: ₹112.31 Cr; +11.52% from July 2026
July 2026: ₹100.71 Cr; +0.24% from June 2026

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

Compare Union Short Term Fund with Other Funds

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

Union Short Term vs Tata Ultra Short TermUltra Short
Union Short Term vs Aditya Birla Sun Life Ultra Short TermUltra Short
Union Short Term vs Axis Ultra Short Term fundUltra Short
Union Short Term vs Mirae Asset Ultra Short-TermUltra Short
Union Short Term vs ICICI Prudential Ultra Short TermUltra Short
Union Short Term vs Union Corporate Bond16.4% overlap
Union Short Term vs Union Ultra Short to Short Term12.2% overlap

Compare with any other fund

Frequently Asked Questions for Union Short Term Fund

What is the current NAV of Union Short Term Fund?

The Direct plan NAV is ₹11.0595. The Regular plan NAV is ₹10.9837, as on 30-10-2026.

What are the returns of Union Short Term Fund?

The Direct plan returned +3.89% in 1 year. The Regular plan returned +3.50% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Union Short Term Fund?

The Direct plan charges 0.35% a year. The Regular plan charges 0.80% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of Union Short Term Fund?

Union Short Term Fund managed ₹110.78 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Union Short Term Fund?

At the end of September 2026 the largest holdings were Indian Oil Corporation Ltd. (8.96%), Jio Credit Ltd. (8.86%), Small Industries Development Bank of India (8.82%), REC Ltd. (8.79%), Power Finance Corporation Ltd. (8.77%). The fund held 11 securities in all.

How do I invest in Union Short Term 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.

Who is the fund manager of Union Short Term Fund?

Anindya Sarkar (since 31-01-2025), Shrenuj Parekh (since 31-01-2025).

What is the exit load of Union Short Term Fund?

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.