Union Retirement Fund
Retirement SolutionsVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹16.17+0.19%1 day
- Return since launch
- 14.0%
- 52-week range
- ₹14.34 — ₹16.88
- AUM
- ₹216 Cr
Union Retirement Fund is a Retirement Solutions equity fund from Union Mutual Fund with ₹216 Cr under management, launched in 2022. Over three years it has returned 6.3% a year, against 11.6% for its category. The expense ratio is 2.69% and the SEBI riskometer reading is Very High.
Performance
Union Retirement Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +3.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.6% | −1.0 pts | 3.6% | 2.5% |
| 2Y | 4.4% | +1.9 pts | 2.5% | 3.2% |
| 3Y | 6.3% | −5.4 pts | 11.6% | 4.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | −0.4 pts | -3.8% | -3.2% |
| 3M | -1.0% | −0.7 pts | -0.3% | -0.1% |
| 6M | 9.9% | −1.4 pts | 11.3% | 11.0% |
| 1Y | 4.7% | +1.1 pts | 3.6% | 3.0% |
| 2Y | -0.3% | −0.6 pts | 0.3% | -1.9% |
| 3Y | 11.6% | 0.0 pts | 11.6% | 10.0% |
Since launch (1 Sep 2022): 14.0%
Calendar-year returns
Category average30.1%
17.2%
6.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.1% | −0.7 pts | 6.8% |
| 2024 | 17.2% | −2.6 pts | 19.8% |
| 2023 | 30.1% | −1.5 pts | 31.5% |
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
2.69%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.53%
- Exit load
- 0%
- Lock-in
- 5 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.63 | 2.78 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.90 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.56 | 0.61 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.68 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.02 | 15.69 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Union Retirement Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.5%
- Debt0.0%
- Other1.5%
Market cap split
- Large50.6%
- Mid20.7%
- Small28.7%
- P/E
- 30.92
- P/B
- 4.53
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.05% | ₹13.09 Cr | +5.71% | +5.95% | +6.27% |
| HDFC Bank Ltd. | Financial | 4.59% | ₹9.93 Cr | +5.26% | +6.08% | +7.53% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.83% | ₹6.12 Cr | +2.68% | +2.50% | — |
| Solar Industries India Ltd. | Chemicals | 2.46% | ₹5.33 Cr | +2.44% | +1.83% | +1.66% |
| Reliance Industries Ltd. | Energy | 2.16% | ₹4.66 Cr | +2.67% | +2.60% | +3.32% |
| Eternal Ltd. | Services | 2.12% | ₹4.59 Cr | +1.20% | +0.57% | +0.90% |
| SJS Enterprises Ltd. | Automobile | 2.07% | ₹4.48 Cr | +1.91% | +1.62% | +1.16% |
| Navin Fluorine International Ltd. | Chemicals | 2.01% | ₹4.34 Cr | +1.80% | +1.44% | +0.65% |
| State Bank of India | Financial | 2.01% | ₹4.35 Cr | +2.19% | +3.32% | +2.02% |
| Axis Bank Ltd. | Financial | 1.92% | ₹4.16 Cr | +0.49% | — | +1.50% |
| Tata Consumer Products Ltd. | Consumer Staples | 1.92% | ₹4.15 Cr | +2.20% | +2.16% | +2.26% |
| GE Vernova T&D India Ltd | Capital Goods | 1.85% | ₹4.00 Cr | +2.21% | +1.67% | +1.35% |
| Karur Vysya Bank Ltd. | Financial | 1.76% | ₹3.80 Cr | +1.59% | +1.82% | +1.34% |
| NTPC Ltd. | Energy | 1.74% | ₹3.77 Cr | +2.25% | +1.69% | +0.47% |
| Azad Engineering Ltd. | Capital Goods | 1.72% | ₹3.72 Cr | +1.32% | +1.14% | +0.92% |
| Infosys Ltd. | Technology | 1.65% | ₹3.57 Cr | +1.85% | +2.09% | +2.89% |
| Titan Company Ltd. | Consumer Discretionary | 1.65% | ₹3.57 Cr | +1.44% | +1.55% | — |
| CarTrade Tech Ltd. | Services | 1.59% | ₹3.44 Cr | +1.01% | +0.46% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.58% | ₹3.42 Cr | +0.99% | +0.65% | +1.15% |
| Larsen & Toubro Ltd. | Construction | 1.50% | ₹3.24 Cr | +2.06% | +2.19% | +2.06% |
| Others | Others | 1.47% | ₹3.14 Cr | +1.04% | -0.36% | -0.60% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.45% | ₹3.14 Cr | +1.24% | +1.23% | +1.13% |
| Mphasis Ltd. | Technology | 1.44% | ₹3.11 Cr | +1.47% | +1.50% | +2.05% |
| Gabriel India Ltd. | Automobile | 1.43% | ₹3.09 Cr | +1.19% | +1.10% | +1.16% |
| Bharti Airtel Ltd. | Communication | 1.42% | ₹3.08 Cr | +1.57% | +1.63% | +2.71% |
| The Phoenix Mills Ltd. | Construction | 1.41% | ₹3.04 Cr | +1.43% | +1.36% | +1.25% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.41% | ₹3.04 Cr | +1.48% | +1.55% | +1.29% |
| Acutaas Chemicals Ltd. | Healthcare | 1.39% | ₹3.00 Cr | +3.16% | +2.21% | +1.61% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.37% | ₹2.97 Cr | +1.18% | +1.04% | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.36% | ₹2.93 Cr | +1.11% | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.33% | ₹2.88 Cr | +1.33% | +0.98% | +0.71% |
| Shriram Finance Ltd | Financial | 1.33% | ₹2.89 Cr | +0.96% | +0.88% | — |
| Max Financial Services Ltd. | Financial | 1.27% | ₹2.75 Cr | +1.48% | +1.62% | +1.61% |
| Maruti Suzuki India Ltd. | Automobile | 1.25% | ₹2.71 Cr | +1.33% | +1.29% | +1.44% |
| KFin Technologies Ltd. | Financial | 1.21% | ₹2.62 Cr | +1.00% | +1.12% | +1.17% |
| Hyundai Motor India Ltd. | Automobile | 1.17% | ₹2.54 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.16% | ₹2.51 Cr | +0.78% | +0.88% | +0.81% |
| Hindustan Copper Ltd. | Metals & Mining | 1.14% | ₹2.47 Cr | +0.79% | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.14% | ₹2.47 Cr | +1.15% | +1.32% | +1.20% |
| Ajanta Pharma Ltd. | Healthcare | 1.10% | ₹2.38 Cr | +0.98% | +1.01% | +0.94% |
| Angel One Ltd. | Financial | 1.06% | ₹2.30 Cr | — | — | — |
| KSB Ltd. | Capital Goods | 1.01% | ₹2.18 Cr | +0.80% | +0.49% | +0.59% |
| JSW Steel Ltd. | Metals & Mining | 1.00% | ₹2.16 Cr | +1.06% | +1.07% | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.97% | ₹2.10 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.96% | ₹2.07 Cr | — | — | — |
| Cemindia Projects Ltd. | Construction | 0.96% | ₹2.08 Cr | — | — | — |
| Trent Ltd. | Services | 0.93% | ₹2.02 Cr | — | +0.80% | +0.67% |
| Varun Beverages Ltd. | Consumer Staples | 0.93% | ₹2.00 Cr | +0.53% | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.92% | ₹1.98 Cr | +1.00% | +1.06% | +1.08% |
| Persistent Systems Ltd. | Technology | 0.91% | ₹1.96 Cr | +0.92% | — | — |
| JK Cement Ltd. | Materials | 0.88% | ₹1.90 Cr | +1.14% | +1.24% | +1.95% |
| Tata Motors Ltd. | Automobile | 0.87% | ₹1.88 Cr | +0.77% | +0.77% | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.85% | ₹1.83 Cr | +0.93% | +0.56% | +1.23% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.82% | ₹1.78 Cr | +0.62% | — | — |
| Arvind Ltd. | Textiles | 0.82% | ₹1.78 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 0.80% | ₹1.74 Cr | +0.68% | +1.01% | +1.07% |
| company:1308 | Materials | 0.78% | ₹1.69 Cr | — | — | — |
| Godrej Properties Ltd. | Construction | 0.75% | ₹1.61 Cr | — | — | — |
| DOMS Industries Ltd. | Consumer Staples | 0.74% | ₹1.60 Cr | +0.79% | +0.85% | +1.00% |
| Aarti Industries Ltd. | Chemicals | 0.73% | ₹1.57 Cr | +0.50% | — | — |
| Adani Enterprises Ltd. | Services | 0.73% | ₹1.57 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 0.73% | ₹1.58 Cr | +0.71% | +0.57% | — |
| HCL Technologies Ltd. | Technology | 0.73% | ₹1.57 Cr | +0.72% | +0.85% | +1.00% |
| Jubilant FoodWorks Ltd. | Services | 0.73% | ₹1.59 Cr | +0.45% | — | +0.59% |
| Cummins India Ltd. | Capital Goods | 0.71% | ₹1.53 Cr | +1.28% | +1.08% | +0.77% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.71% | ₹1.53 Cr | +0.92% | +0.97% | — |
| Interglobe Aviation Ltd. | Services | 0.67% | ₹1.44 Cr | — | — | — |
| Endurance Technologies Ltd. | Automobile | 0.66% | ₹1.44 Cr | +0.69% | +0.54% | — |
| Kei Industries Ltd. | Capital Goods | 0.66% | ₹1.44 Cr | +0.66% | +0.65% | +0.55% |
| Blue Star Ltd. | Consumer Discretionary | 0.65% | ₹1.41 Cr | +0.77% | +0.95% | +1.04% |
| MTAR Technologies Ltd. | Capital Goods | 0.65% | ₹1.41 Cr | — | — | — |
| Ather Energy Ltd. | Automobile | 0.64% | ₹1.37 Cr | +0.39% | — | — |
| Home First Finance Company India Ltd. | Financial | 0.59% | ₹1.28 Cr | +0.59% | +0.61% | +1.22% |
| Hindalco Industries Ltd. | Metals & Mining | 0.54% | ₹1.17 Cr | +0.81% | +0.80% | +0.69% |
| company:17008 | Healthcare | 0.53% | ₹1.14 Cr | — | — | — |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | 0.47% | ₹1.03 Cr | — | — | — |
| Atul Ltd. | Chemicals | 0.44% | ₹0.96 Cr | +0.52% | — | — |
| Reserve Bank of India | Financial | 0.03% | ₹0.07 Cr | +0.08% | +0.08% | +0.08% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.01% | ₹0.02 Cr | +0.01% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Ultratech Cement Ltd. | 0.96% | 0.00% | -0.96% |
| Hindustan Unilever Ltd. | 0.90% | 0.00% | -0.90% |
| Lupin Ltd. | 0.86% | 0.00% | -0.86% |
| company:1308 | 0.00% | 0.78% | +0.78% |
| Computer Age Management Services Ltd. | 0.57% | 0.00% | -0.57% |
| company:17008 | 0.00% | 0.53% | +0.53% |
| Multi Commodity Exchange Of India Ltd. | 2.31% | 2.83% | +0.52% |
| Hindustan Copper Ltd. | 0.68% | 1.14% | +0.46% |
| Timken India Ltd. | 0.45% | 0.00% | -0.45% |
| HDFC Bank Ltd. | 4.99% | 4.59% | -0.40% |
| Angel One Ltd. | 0.71% | 1.06% | +0.35% |
| Azad Engineering Ltd. | 1.42% | 1.72% | +0.30% |
| Varun Beverages Ltd. | 0.63% | 0.93% | +0.30% |
| Jubilant FoodWorks Ltd. | 0.44% | 0.73% | +0.29% |
| Dixon Technologies (India) Ltd. | 1.34% | 1.58% | +0.24% |
| Tata Motors Passenger Vehicles Ltd. | 0.24% | 0.00% | -0.24% |
| Navin Fluorine International Ltd. | 1.80% | 2.01% | +0.21% |
| Bharti Airtel Ltd. | 1.60% | 1.42% | -0.18% |
| KFin Technologies Ltd. | 1.03% | 1.21% | +0.18% |
| Ather Energy Ltd. | 0.48% | 0.64% | +0.16% |
| NTPC Ltd. | 1.90% | 1.74% | -0.16% |
| Solar Industries India Ltd. | 2.32% | 2.46% | +0.14% |
| LG Electronics India Ltd. | 0.57% | 0.71% | +0.14% |
| Hyundai Motor India Ltd. | 1.04% | 1.17% | +0.13% |
| Blue Star Ltd. | 0.77% | 0.65% | -0.12% |
| Maruti Suzuki India Ltd. | 1.36% | 1.25% | -0.11% |
| Others | -0.26% | -0.15% | +0.11% |
| Reliance Industries Ltd. | 2.27% | 2.16% | -0.11% |
| ICICI Bank Ltd. | 6.15% | 6.05% | -0.10% |
| CarTrade Tech Ltd. | 1.49% | 1.59% | +0.10% |
| Eternal Ltd. | 2.02% | 2.12% | +0.10% |
| Max Healthcare Institute Ltd. | 1.24% | 1.14% | -0.10% |
| MTAR Technologies Ltd. | 0.55% | 0.65% | +0.10% |
| Kirloskar Oil Engines Ltd. | 1.43% | 1.33% | -0.10% |
| Ujjivan Small Finance Bank Ltd. | 1.47% | 1.37% | -0.10% |
| Cummins India Ltd. | 0.79% | 0.71% | -0.08% |
| Cemindia Projects Ltd. | 0.88% | 0.96% | +0.08% |
| JK Cement Ltd. | 0.96% | 0.88% | -0.08% |
| Adani Enterprises Ltd. | 0.66% | 0.73% | +0.07% |
| Trent Ltd. | 1.00% | 0.93% | -0.07% |
| Kei Industries Ltd. | 0.60% | 0.66% | +0.06% |
| Torrent Pharmaceuticals Ltd. | 1.51% | 1.45% | -0.06% |
| Gabriel India Ltd. | 1.48% | 1.43% | -0.05% |
| Godrej Properties Ltd. | 0.80% | 0.75% | -0.05% |
| Infosys Ltd. | 1.70% | 1.65% | -0.05% |
| Bharat Heavy Electricals Ltd. | 0.92% | 0.97% | +0.05% |
| Axis Bank Ltd. | 1.87% | 1.92% | +0.05% |
| HCL Technologies Ltd. | 0.77% | 0.73% | -0.04% |
| Tata Motors Ltd. | 0.83% | 0.87% | +0.04% |
| Atul Ltd. | 0.48% | 0.44% | -0.04% |
| Arvind Ltd. | 0.78% | 0.82% | +0.04% |
| Aarti Industries Ltd. | 0.70% | 0.73% | +0.03% |
| Apollo Hospitals Enterprise Ltd. | 0.85% | 0.82% | -0.03% |
| CG Power and Industrial Solutions Ltd. | 0.82% | 0.85% | +0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 1.19% | 1.16% | -0.03% |
| DOMS Industries Ltd. | 0.77% | 0.74% | -0.03% |
| Garden Reach Shipbuilders & Engineers Ltd. | 0.50% | 0.47% | -0.03% |
| Home First Finance Company India Ltd. | 0.62% | 0.59% | -0.03% |
| KSB Ltd. | 1.04% | 1.01% | -0.03% |
| Shriram Finance Ltd | 1.30% | 1.33% | +0.03% |
| The Phoenix Mills Ltd. | 1.44% | 1.41% | -0.03% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.38% | 1.41% | +0.03% |
| Adani Ports and Special Economic Zone Ltd. | 0.93% | 0.96% | +0.03% |
| Acutaas Chemicals Ltd. | 1.41% | 1.39% | -0.02% |
| Data Patterns (India) Ltd. | 0.71% | 0.73% | +0.02% |
| Karur Vysya Bank Ltd. | 1.78% | 1.76% | -0.02% |
| Max Financial Services Ltd. | 1.25% | 1.27% | +0.02% |
| Persistent Systems Ltd. | 0.93% | 0.91% | -0.02% |
| SJS Enterprises Ltd. | 2.05% | 2.07% | +0.02% |
| Titan Company Ltd. | 1.63% | 1.65% | +0.02% |
| TVS Motor Company Ltd. | 0.82% | 0.80% | -0.02% |
| Nippon Life India Asset Management Ltd. | 1.38% | 1.36% | -0.02% |
| Ajanta Pharma Ltd. | 1.09% | 1.10% | +0.01% |
| Hindalco Industries Ltd. | 0.53% | 0.54% | +0.01% |
| Interglobe Aviation Ltd. | 0.68% | 0.67% | -0.01% |
| Mphasis Ltd. | 1.43% | 1.44% | +0.01% |
| Tata Consumer Products Ltd. | 1.91% | 1.92% | +0.01% |
| Reserve Bank of India | 0.04% | 0.03% | -0.01% |
| Amber Enterprises India Ltd. | 0.92% | 0.92% | 0.00% |
| Endurance Technologies Ltd. | 0.66% | 0.66% | 0.00% |
| GE Vernova T&D India Ltd | 1.85% | 1.85% | 0.00% |
| JSW Steel Ltd. | 1.00% | 1.00% | 0.00% |
| Larsen & Toubro Ltd. | 1.50% | 1.50% | 0.00% |
| State Bank of India | 2.01% | 2.01% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.01% | 0.01% | 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 | ₹2,007 Cr | 2.30% | 5.6% | 7.9% | 12.4% |
 Nippon India Retirement Fund - Wealth Creation Scheme | ₹3,127 Cr | 2.22% | -3.2% | 2.3% | 9.0% |
 Tata Retirement Savings Progressive Plan | ₹2,255 Cr | 2.20% | 6.6% | 6.2% | 10.4% |
 ICICI Prudential Retirement Fund - Pure Equity Plan | ₹2,158 Cr | 2.14% | 4.5% | 10.8% | 16.5% |
 Aditya Birla Sun Life Retirement Fund - The 30s Plan | ₹487 Cr | 2.64% | 14.6% | 12.1% | 13.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors.
Fund managers
- Pratik DharmshiMr. Dharmshi has done B. Com & CAPrior to joining Union AMC, he was associated with UTI Pension Fund Limited, Safe Enterprises, Girik Capital, Edelweiss AMC, JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.
- Pratit VajaniPGDM (MDI Gurgaon), B.Tech (VJTI)Prior to joining Union AMC, Mr. Vajani was associated with ICICI Securities Ltd and Price water house Coopers Private Limited.
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 months9.93% absolute | ₹60,000 | ₹65,958 | 9.93% | |
| 1 year4.73% annualised | ₹1,20,000 | ₹1,23,119 | 2.60% | |
| 3 years11.61% annualised | ₹3,60,000 | ₹4,32,347 | 20.10% |
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 Retirement Fund?
The NAV of Union Retirement Fund is ₹16.17 as on 25 Sep 2026.
What is the expense ratio of Union Retirement Fund?
The expense ratio of Union Retirement Fund is 2.69% per year.
What is the minimum SIP amount for Union Retirement Fund?
You can start a SIP in Union Retirement Fund with ₹3,000 a month.
Is there a lock-in or exit load on Union Retirement Fund?
Lock-in: 5 years. Exit load: 0%.
How risky is Union Retirement Fund?
Union Retirement Fund is rated Very High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages Union Retirement Fund?
Union Retirement Fund is managed by Union Mutual Fund, which runs 30 schemes with ₹28,513 Cr under management.