Union Ultra Short to Short Term Fund is a Low Duration fund run by Union Mutual Fund. On 30-09-2026, it managed ₹228 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 5.3% and its Regular plan returned 4.6%. Its benchmark, NIFTY Low Duration Debt Index A-I, returned 6.3% over the same year.
NAV (Direct plan)
₹10.72
▲ 0.01% · 30-10-2026
NAV (Regular plan)
₹10.62
▲ 0.01% · 30-10-2026
Expense ratio
0.26%Direct0.86%Regular
0.26%
A year
Riskometer
Low to Moderate
Set by the fund house
1 year return
5.3%Direct4.6%Regular
5.3%
Total
Union Ultra Short to Short Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹10.72 (up 0.01% that day); Regular Plan Growth ₹10.62 (up 0.01% that day).
This fund (Direct plan)
₹10.7178
Union Ultra Short to Short Term Fund Returns vs NIFTY Low Duration Debt Index A-I
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)
+0.12%
+0.98%
+2.75%
+5.28%
--
--
--
This fund (Regular)
+0.08%
+0.83%
+2.43%
+4.57%
--
--
--
NIFTY Low Duration Debt Index A-I
+0.51%
+1.58%
+3.53%
+6.31%
+7.10%
+6.35%
--
Low Duration average
+0.18%
+1.12%
+2.95%
+5.79%
--
--
--
Best in Low Duration
+0.32%
+1.28%
+3.14%
+6.07%
--
--
--
Worst in Low Duration
+0.10%
+0.97%
+2.72%
+5.28%
--
--
--
Rank in Low Duration
24/25
23/25
24/25
23/23
--
--
--
Category rows compare the Direct plans of 25 Low Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
Union Ultra Short to Short Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+4.31%
+3.74%
Union Ultra Short to 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 69 periods, one for each trading day from 20-07-2026 to 30-10-2026.
0%2%4%6%8%
Union Ultra Short to Short Term Fund (Direct)
Category average, 25 Low Duration funds
Jul 2025 to Jul 2026Aug 2025 to Aug 2026Aug 2025 to Aug 2026Sept 2025 to Sept 2026Oct 2025 to Oct 2026Oct 2025 to Oct 2026
Union Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds
0%
0%
Below 0%
0%
0%
0-5%
100%
100%
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
69
5.9%
5.3%
6.2%
0%
6.3%
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 25 Low Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Union Ultra Short to Short Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Union Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+5.28%
+5.78%
Standard deviation
0.67%
0.60%
Sharpe ratio
0.05
0.89
Sortino ratio
0.07
1.32
Maximum drawdown
−0.27%
(21-05-2026)
−0.22%
(21-05-2026)
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 Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+5.44%
+5.87%
Standard deviation
0.61%
0.55%
Sharpe ratio
0.22
1.02
Sortino ratio
0.31
1.52
Maximum drawdown
−0.27%
(21-05-2026)
−0.22%
(21-05-2026)
From daily NAVs, 18-07-2025 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.
−0.3%−0.2%−0.1%0%
Union Ultra Short to Short Term Fund (Direct)
Category average, 25 Low Duration funds
2026
Union Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Union Ultra Short to Short Term Fund (Direct)
−0.27%
08-05-2026
21-05-2026
01-06-2026
11 days
−0.04%
Category average
−0.22%
11-05-2026
21-05-2026
01-06-2026
11 days
0.0%
From the Direct plan's daily NAV since 18-07-2025, adjusted for unit splits, and the average of the 25 Low Duration 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 Ultra Short to Short Term Fund vs Other Low Duration Funds
The five Low Duration 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 Ultra Short to Short Term Fund 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
Low Duration median
Cost rank (1 = cheapest)
Direct
0.21%
0.01%
0.00%
0.04%
0.26%
0.34%
6/25
Regular
0.72%
0.01%
0.00%
0.13%
0.86%
0.86%
13/25
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 Low Duration 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
4.57%
5.28%
0.71%
₹1,04,570
₹1,05,280
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 Ultra Short to 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
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 18-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planUnion Ultra Short to Short Term Fund (Direct)
₹1,60,000
₹1,65,901
₹5,901
5.3%
Regular planUnion Ultra Short to Short Term Fund (Regular)
Direct planUnion Ultra Short to Short Term Fund (Direct)Regular planUnion Ultra Short to Short Term Fund (Regular)Category averageCategory average, 25 Low Duration 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 Ultra Short to Short Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
79.8%Debt
Asset
Fund
Category
Debt
79.8%
93.9%
Cash and others
20.2%
6.0%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Low Duration funds.
Rating
Fund
Category
AAA and A1+
79.8%
72.7%
Union Ultra Short to Short Term Fund Portfolio Holdings
As on 30-09-2026 · 9 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Jamnagar Utilities & Power Pvt. Ltd. · Bond
CRISIL AAA
10.94%
Tata Capital Housing Finance Ltd. · Bond
CRISIL AAA
10.88%
Power Finance Corporation Ltd. · Bond
CRISIL AAA
10.84%
REC Ltd. · Bond
[ICRA]AAA
10.79%
Bank of Baroda · Certificate of deposit
IND A1+
10.63%
ICICI Bank Ltd.
[ICRA]A1+
10.61%
Export-Import Bank of India · Bond
CRISIL AAA
8.74%
Kotak Mahindra Bank Ltd.
CRISIL A1+
6.38%
Corporate Debt Mkt Devp. Fund-A2
Alternative Investment Fund
1.34%
Union Ultra Short to Short Term 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 Ultra Short to Short Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.26%
Expense ratio (Regular)
0.86%
Category
Low Duration
Risk
Low to Moderate
Launch date
16-07-2025
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹228.42 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
153654
ISIN (Direct)
INF582M01LQ6
Scheme code (Regular)
153652
ISIN (Regular)
INF582M01LU8
NAV history
From 18-07-2025, 1.3 years
Benchmark
Nifty Low Duration Debt Index A-I $ $ Nifty Benchmark Disclaimer: The Product(s) are not sponsored, endorsed, sold or pr
Exit load
NIL
Tax on Union Ultra Short to Short Term Fund returns
Union Ultra Short to 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
₹10.7178
30-10-2026
direct
IDCW
₹10.2641
30-10-2026
regular
Growth
₹10.6213
30-10-2026
regular
IDCW
₹10.1699
30-10-2026
About Union Ultra Short to Short Term Fund
Union Ultra Short to Short Term Fund is a mutual fund from Union Mutual Fund. Its category is Low Duration. It was launched on 16-07-2025. Its benchmark is Nifty Low Duration Debt Index A-I $ $ Nifty Benchmark Disclaimer: The Product(s) are not sponsored, endorsed, sold or pr. At the end of September 2026 it held 9 securities.
Fund Manager
Anindya Sarkar
Fund manager of Union Ultra Short to Short Term Fund
Devesh Thacker
Fund manager of Union Ultra Short to Short Term Fund
Frequently Asked Questions for Union Ultra Short to Short Term Fund
What is the current NAV of Union Ultra Short to Short Term Fund?
The Direct plan NAV is ₹10.7178. The Regular plan NAV is ₹10.6213, as on 30-10-2026.
What are the returns of Union Ultra Short to Short Term Fund?
The Direct plan returned +5.28% in 1 year. The Regular plan returned +4.57% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of Union Ultra Short to Short Term Fund?
The Direct plan charges 0.26% a year. The Regular plan charges 0.86% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Union Ultra Short to Short Term Fund?
Union Ultra Short to Short Term Fund managed ₹228.42 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Union Ultra Short to Short Term Fund?
At the end of September 2026 the largest holdings were Jamnagar Utilities & Power Pvt. Ltd. (10.94%), Tata Capital Housing Finance Ltd. (10.88%), Power Finance Corporation Ltd. (10.84%), REC Ltd. (10.79%), Bank of Baroda (10.63%). The fund held 9 securities in all.
How do I invest in Union Ultra Short to 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 Ultra Short to Short Term Fund?
Anindya Sarkar, Devesh Thacker.
What is the exit load of Union Ultra Short to 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.
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