Union Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹2,708.84-0.01%1 day
- Return since launch
- 6.7%
- 52-week range
- ₹2,545.85 — ₹2,708.88
- AUM
- ₹7,578 Cr
Union Liquid Fund is a Liquid debt fund from Union Mutual Fund with ₹7,578 Cr under management, launched in 2011. Over three years it has returned 6.6% a year, against 6.8% for its category. The expense ratio is 0.17% and the SEBI riskometer reading is Low to Moderate.
Performance
Union Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.4% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.3% |
| 3Y | 6.6% | −0.1 pts | 6.8% | 6.5% |
| 5Y | 6.7% | +0.5 pts | 6.2% | 6.5% |
| 7Y | 6.2% | +0.1 pts | 6.1% | 6.1% |
| 10Y | 5.9% | −0.1 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.4% | 0.0 pts | 3.3% | 3.3% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.6% | +0.1 pts | 6.5% | 6.5% |
| 3Y | 6.8% | +0.1 pts | 6.8% | 6.7% |
| 5Y | 6.3% | +0.1 pts | 6.2% | 6.2% |
| 7Y | 5.6% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 5.6% | −0.3 pts | 6.0% | 6.0% |
Since launch (14 Jun 2011): 6.7%
Calendar-year returns
Category average4.3%
3.3%
4.8%
7.0%
7.4%
6.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | +0.1 pts | 6.4% |
| 2024 | 7.4% | +0.1 pts | 7.3% |
| 2023 | 7.0% | +0.1 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.3% | +0.3 pts | 4.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.17%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.15%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.02%
- 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.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Liquid Debt A-I Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 4.95 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 10.34 | 9.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.20 | 0.20 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Union Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt93.4%
- Other6.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.83% | ₹518 Cr | +0.72% | +0.76% | +0.68% |
| National Bank For Agriculture & Rural Development | Financial | 2.63% | ₹200 Cr | +0.85% | +0.62% | +0.86% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.56% | ₹195 Cr | +1.71% | +3.78% | +3.87% |
| company:2089 | Financial | 2.29% | ₹174 Cr | +0.56% | +2.52% | +0.86% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 1.98% | ₹150 Cr | +1.14% | +1.26% | — |
| Tata Steel Ltd. | Metals & Mining | 1.98% | ₹150 Cr | +1.14% | — | — |
| ICICI Bank Ltd. | Financial | 1.97% | ₹150 Cr | +2.55% | — | +1.71% |
| Kotak Mahindra Securities Ltd. | Financial | 1.62% | ₹123 Cr | +1.12% | +0.62% | +1.28% |
| Reserve Bank of India | Financial | 1.51% | ₹114 Cr | +1.13% | +1.56% | +1.71% |
| Punjab National Bank | Financial | 1.32% | ₹99.77 Cr | +0.85% | +0.94% | — |
| REC Ltd. | Financial | 1.32% | ₹99.66 Cr | +1.42% | — | — |
| Bank of India | Financial | 1.31% | ₹99.63 Cr | +1.13% | +0.62% | +0.86% |
| Central Bank of India | Financial | 1.31% | ₹99.60 Cr | — | +0.62% | — |
| IDBI Bank Ltd. | Financial | 1.31% | ₹99.54 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.30% | ₹98.47 Cr | — | — | — |
| SBICAP Securities Ltd. | Financial | 1.30% | ₹98.46 Cr | +1.14% | +0.63% | +0.86% |
| company:18495 | Financial | 1.30% | ₹98.50 Cr | — | — | — |
| company:6953 | Financial | 1.30% | ₹98.58 Cr | +0.28% | — | +1.71% |
| Godrej Properties Ltd. | Construction | 0.99% | ₹74.70 Cr | +0.57% | — | — |
| NTPC Ltd. | Energy | 0.99% | ₹74.72 Cr | — | — | — |
| Reliance Retail Ventures Ltd. | Services | 0.99% | ₹74.99 Cr | +1.70% | +0.93% | +1.71% |
| Axis Bank Ltd. | Financial | 0.98% | ₹73.89 Cr | +1.12% | +1.25% | +0.85% |
| company:17927 | Financial | 0.98% | ₹73.93 Cr | — | — | +0.43% |
| Canara Bank | Financial | 0.97% | ₹73.84 Cr | +0.85% | +1.55% | +0.86% |
| company:7944 | Financial | 0.97% | ₹73.88 Cr | +1.13% | +1.26% | — |
| Bajaj Housing Finance Ltd. | Financial | 0.66% | ₹50.01 Cr | — | +1.26% | +0.86% |
| Bharti Telecom Ltd. | Communication | 0.66% | ₹49.84 Cr | — | — | — |
| ICICI Home Finance Company Ltd. | Financial | 0.66% | ₹49.99 Cr | — | +0.62% | +0.86% |
| Indian Bank | Financial | 0.66% | ₹49.87 Cr | +0.85% | +1.25% | +0.43% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.66% | ₹50.04 Cr | — | — | — |
| Motilal Oswal Finevest Ltd. | Financial | 0.66% | ₹49.91 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.65% | ₹49.50 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.65% | ₹49.48 Cr | +0.84% | +0.93% | +0.85% |
| Axis Finance Ltd. | Financial | 0.65% | ₹49.47 Cr | — | +1.24% | +0.85% |
| Axis Securities Ltd. | Others | 0.65% | ₹49.23 Cr | +0.56% | +1.24% | +0.85% |
| HDFC Bank Ltd. | Financial | 0.65% | ₹49.59 Cr | +1.99% | +2.20% | +1.29% |
| HDFC Securities Ltd. | Financial | 0.65% | ₹49.39 Cr | +1.12% | +0.93% | +0.86% |
| ICICI Securities Ltd. | Financial | 0.65% | ₹49.32 Cr | +0.56% | +0.63% | +0.86% |
| Infina Finance Pvt. Ltd. | Financial | 0.65% | ₹49.23 Cr | +0.56% | +1.26% | +0.43% |
| company:442 | Financial | 0.65% | ₹49.27 Cr | +0.56% | +1.24% | +0.86% |
| company:5721 | Financial | 0.65% | ₹49.39 Cr | +0.57% | +0.62% | +0.85% |
| Bajaj Finance Ltd. | Financial | 0.59% | ₹44.99 Cr | — | — | — |
| Sikka Ports and Terminals Ltd. | Energy | 0.33% | ₹25.04 Cr | +1.13% | +1.07% | +0.86% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.32% | ₹24.58 Cr | +1.12% | +0.25% | — |
| company:12881 | Others | 0.07% | ₹5.01 Cr | — | — | — |
| company:5848 | Others | 0.07% | ₹5.01 Cr | — | +0.13% | +0.43% |
| company:5849 | Others | 0.07% | ₹5.01 Cr | +0.57% | — | +0.86% |
| company:6904 | Others | 0.07% | ₹5.01 Cr | — | — | +0.43% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Can Fin Homes Ltd. | 1.98% | 0.00% | -1.98% |
| IDFC First Bank Ltd. | 1.32% | 0.00% | -1.32% |
| Power Finance Corporation Ltd. | 1.32% | 0.00% | -1.32% |
| company:18495 | 0.00% | 1.30% | +1.30% |
| company:2089 | 0.00% | 1.30% | +1.30% |
| company:6953 | 0.00% | 1.30% | +1.30% |
| Cholamandalam Investment and Finance Company Ltd. | 1.32% | 0.32% | -1.00% |
| Godrej Industries Ltd. | 0.99% | 0.00% | -0.99% |
| company:17927 | 0.00% | 0.98% | +0.98% |
| company:7944 | 0.00% | 0.97% | +0.97% |
| Kotak Mahindra Securities Ltd. | 0.66% | 1.62% | +0.96% |
| Bajaj Finance Ltd. | 1.31% | 0.59% | -0.72% |
| Kotak Mahindra Bank Ltd. | 0.66% | 0.00% | -0.66% |
| SMFG India Credit Company Ltd. | 0.66% | 0.00% | -0.66% |
| company:442 | 0.00% | 0.65% | +0.65% |
| company:5721 | 0.00% | 0.65% | +0.65% |
| Axis Bank Ltd. | 0.33% | 0.98% | +0.65% |
| AU Small Finance Bank Ltd. | 0.66% | 1.30% | +0.64% |
| Reliance Retail Ventures Ltd. | 1.31% | 0.99% | -0.32% |
| Canara Bank | 0.66% | 0.97% | +0.31% |
| company:12881 | 0.00% | 0.07% | +0.07% |
| company:5848 | 0.00% | 0.07% | +0.07% |
| company:5849 | 0.00% | 0.07% | +0.07% |
| company:6904 | 0.00% | 0.07% | +0.07% |
| Alembic Pharmaceuticals Ltd. | 1.97% | 1.98% | +0.01% |
| Axis Securities Ltd. | 0.66% | 0.65% | -0.01% |
| Bharti Telecom Ltd. | 0.65% | 0.66% | +0.01% |
| Godrej Properties Ltd. | 0.98% | 0.99% | +0.01% |
| HDFC Securities Ltd. | 0.66% | 0.65% | -0.01% |
| ICICI Securities Ltd. | 0.66% | 0.65% | -0.01% |
| Infina Finance Pvt. Ltd. | 0.66% | 0.65% | -0.01% |
| NTPC Ltd. | 0.98% | 0.99% | +0.01% |
| Punjab National Bank | 1.31% | 1.32% | +0.01% |
| REC Ltd. | 1.31% | 1.32% | +0.01% |
| Reserve Bank of India | 1.50% | 1.51% | +0.01% |
| SBICAP Securities Ltd. | 1.31% | 1.30% | -0.01% |
| Tata Steel Ltd. | 1.97% | 1.98% | +0.01% |
| Adani Ports and Special Economic Zone Ltd. | 0.65% | 0.65% | 0.00% |
| Aditya Birla Capital Ltd. | 0.65% | 0.65% | 0.00% |
| Axis Finance Ltd. | 0.65% | 0.65% | 0.00% |
| Bajaj Housing Finance Ltd. | 0.66% | 0.66% | 0.00% |
| Bank of India | 1.31% | 1.31% | 0.00% |
| Central Bank of India | 1.31% | 1.31% | 0.00% |
| HDFC Bank Ltd. | 0.65% | 0.65% | 0.00% |
| ICICI Bank Ltd. | 1.97% | 1.97% | 0.00% |
| ICICI Home Finance Company Ltd. | 0.66% | 0.66% | 0.00% |
| IDBI Bank Ltd. | 1.31% | 1.31% | 0.00% |
| Indian Bank | 0.66% | 0.66% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.66% | 0.66% | 0.00% |
| Motilal Oswal Finevest Ltd. | 0.66% | 0.66% | 0.00% |
| National Bank For Agriculture & Rural Development | 2.63% | 2.63% | 0.00% |
| Others | 0.23% | 0.23% | 0.00% |
| Sikka Ports and Terminals Ltd. | 0.33% | 0.33% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 0.33% | 0.33% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹22,488 Cr | 0.19% | 6.6% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.6% | 6.7% | 6.7% |
 DSP Liquid Fund | ₹27,920 Cr | 0.21% | 6.6% | 6.7% | 6.7% |
 Edelweiss Liquid Fund | ₹13,272 Cr | 0.17% | 6.6% | 6.7% | 6.7% |
 Franklin India Liquid Fund | ₹6,082 Cr | 0.20% | 6.7% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹1,825 Cr | 0.15% | 6.6% | 6.7% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities.
Fund managers
- Devesh ThackerMr. Thacker is a B.Com (H) and Post graduate from University of Pune.Prior to joining Union AMC in 2011 he has worked with Sahara AMC.
- Parijat AgrawalMr. Agrawal is a B.Tech and MBA from IIM Bangalore.Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.38% absolute | ₹60,000 | ₹62,028 | 3.38% | |
| 1 year6.38% annualised | ₹1,20,000 | ₹1,24,229 | 3.52% | |
| 3 years6.85% annualised | ₹3,60,000 | ₹4,00,677 | 11.30% | |
| 5 years6.28% annualised | ₹6,00,000 | ₹7,06,422 | 17.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Union Liquid Fund?
The NAV of Union Liquid Fund is ₹2,708.84 as on 25 Sep 2026.
What is the expense ratio of Union Liquid Fund?
The expense ratio of Union Liquid Fund is 0.17% per year.
What is the minimum SIP amount for Union Liquid Fund?
You can start a SIP in Union Liquid Fund with ₹3,000 a month.
What returns has Union Liquid Fund given?
Union Liquid Fund has returned 6.5% over 1 year, 6.6% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on Union Liquid Fund?
Lock-in: None. 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..
How risky is Union Liquid Fund?
Union Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages Union Liquid Fund?
Union Liquid Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,513 Cr under management.