Union Retirement Fund
Retirement SolutionsVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹16.51+0.61%1 day
- Return since launch
- 14.0%
- 52-week range
- ₹14.34 — ₹16.88
- AUM
- ₹207 Cr
Union Retirement Fund is a Retirement Solutions equity fund from Union Mutual Fund with ₹207 Cr under management, launched in 2022. Over three years it has returned 6.7% a year, against 12.5% for its category. The expense ratio is 2.67% 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 +3.7% against +1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | +2.8 pts | 3.1% | 5.4% |
| 2Y | 6.3% | +1.9 pts | 4.4% | 4.8% |
| 3Y | 6.7% | −5.8 pts | 12.5% | 5.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.9% | −1.1 pts | 6.0% | 5.4% |
| 3M | -1.4% | −0.2 pts | -1.2% | -1.8% |
| 6M | 3.3% | −1.0 pts | 4.3% | 3.0% |
| 1Y | 3.7% | +0.6 pts | 3.1% | 1.8% |
| 2Y | 4.3% | +1.0 pts | 3.3% | 2.4% |
| 3Y | 11.9% | −0.6 pts | 12.5% | 10.6% |
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
2.67%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.51%
- 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 | 0.96 | 2.47 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.92 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.39 | 0.47 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 0.67 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.56 | 16.13 | 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 30 Sep 2026
Asset allocation
- Equity97.8%
- Debt0.1%
- Other2.1%
Market cap split
- Large47.8%
- Mid20.9%
- Small31.3%
- P/E
- 29.65
- P/B
- 4.34
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 5.76% | ₹11.90 Cr | +6.00% | +5.74% | +5.93% |
| HDFC Bank Ltd. | Financial | 4.29% | ₹8.86 Cr | +5.41% | +5.53% | +6.95% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.72% | ₹5.61 Cr | +2.48% | +2.69% | +1.45% |
| Solar Industries India Ltd. | Chemicals | 2.53% | ₹5.22 Cr | +2.40% | +1.80% | +1.57% |
| Eternal Ltd. | Services | 2.17% | ₹4.48 Cr | +1.54% | +0.45% | +1.30% |
| Reliance Industries Ltd. | Energy | 2.10% | ₹4.33 Cr | +2.51% | +2.76% | +3.27% |
| Axis Bank Ltd. | Financial | 2.08% | ₹4.29 Cr | +1.73% | — | +1.59% |
| Others | Others | 2.08% | ₹4.46 Cr | +0.28% | -0.22% | -0.20% |
| Navin Fluorine International Ltd. | Chemicals | 2.00% | ₹4.12 Cr | +1.86% | +1.74% | +0.63% |
| SJS Enterprises Ltd. | Automobile | 1.97% | ₹4.06 Cr | +1.94% | +1.57% | +1.47% |
| Azad Engineering Ltd. | Capital Goods | 1.87% | ₹3.85 Cr | +1.30% | +1.09% | +0.92% |
| Tata Consumer Products Ltd. | Consumer Staples | 1.84% | ₹3.80 Cr | +1.93% | +2.12% | +2.35% |
| GE Vernova T&D India Ltd | Capital Goods | 1.83% | ₹3.78 Cr | +2.04% | +1.74% | +1.41% |
| NTPC Ltd. | Energy | 1.80% | ₹3.71 Cr | +1.99% | +2.22% | +0.48% |
| State Bank of India | Financial | 1.77% | ₹3.65 Cr | +2.24% | +2.98% | +2.16% |
| Karur Vysya Bank Ltd. | Financial | 1.72% | ₹3.55 Cr | +1.57% | +1.78% | +1.29% |
| CarTrade Tech Ltd. | Services | 1.61% | ₹3.33 Cr | +1.50% | +0.88% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.59% | ₹3.28 Cr | +1.16% | +0.65% | +1.10% |
| Titan Company Ltd. | Consumer Discretionary | 1.55% | ₹3.21 Cr | +1.49% | +1.56% | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.53% | ₹3.16 Cr | +1.57% | +1.03% | +0.71% |
| Infosys Ltd. | Technology | 1.52% | ₹3.13 Cr | +1.53% | +2.22% | +2.78% |
| Acutaas Chemicals Ltd. | Healthcare | 1.51% | ₹3.12 Cr | +2.05% | +2.88% | +1.48% |
| The Phoenix Mills Ltd. | Construction | 1.50% | ₹3.10 Cr | +1.51% | +1.36% | +1.27% |
| Bharti Airtel Ltd. | Communication | 1.45% | ₹2.99 Cr | +1.53% | +1.71% | +1.79% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.44% | ₹2.98 Cr | +1.24% | +1.32% | +1.12% |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.41% | ₹2.90 Cr | +1.23% | +1.22% | — |
| Gabriel India Ltd. | Automobile | 1.40% | ₹2.88 Cr | +1.29% | +1.00% | +1.16% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.36% | ₹2.81 Cr | +1.49% | +1.55% | +1.45% |
| Mphasis Ltd. | Technology | 1.34% | ₹2.76 Cr | +1.34% | +1.48% | +1.91% |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.31% | ₹2.70 Cr | +1.01% | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.30% | ₹2.68 Cr | +1.41% | — | — |
| Hyundai Motor India Ltd. | Automobile | 1.28% | ₹2.64 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 1.24% | ₹2.56 Cr | +1.31% | +0.98% | — |
| Ajanta Pharma Ltd. | Healthcare | 1.16% | ₹2.39 Cr | +1.09% | +1.04% | +0.89% |
| Max Financial Services Ltd. | Financial | 1.16% | ₹2.40 Cr | +1.34% | +1.47% | +1.55% |
| KSB Ltd. | Capital Goods | 1.12% | ₹2.31 Cr | +1.19% | +0.76% | +0.58% |
| KFin Technologies Ltd. | Financial | 1.10% | ₹2.27 Cr | +0.98% | +1.14% | +1.36% |
| Hindustan Copper Ltd. | Metals & Mining | 1.08% | ₹2.22 Cr | +0.70% | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.07% | ₹2.20 Cr | +1.30% | +1.29% | +1.14% |
| Angel One Ltd. | Financial | 1.06% | ₹2.19 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.06% | ₹2.19 Cr | +1.17% | +0.76% | +0.91% |
| Varun Beverages Ltd. | Consumer Staples | 1.05% | ₹2.16 Cr | +0.74% | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.00% | ₹2.07 Cr | +0.98% | +1.04% | +0.71% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.00% | ₹2.08 Cr | — | — | — |
| Cemindia Projects Ltd. | Construction | 0.98% | ₹2.03 Cr | +0.85% | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.96% | ₹1.97 Cr | +0.80% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.96% | ₹1.97 Cr | +1.37% | +1.18% | +1.53% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.92% | ₹1.90 Cr | +0.79% | +0.97% | — |
| Tata Motors Ltd. | Automobile | 0.92% | ₹1.90 Cr | +0.82% | +0.89% | — |
| JK Cement Ltd. | Materials | 0.91% | ₹1.88 Cr | +0.98% | +1.46% | +1.73% |
| Persistent Systems Ltd. | Technology | 0.89% | ₹1.85 Cr | +0.73% | +0.55% | — |
| Trent Ltd. | Services | 0.89% | ₹1.84 Cr | +1.11% | — | +1.05% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.84% | ₹1.73 Cr | +0.95% | +0.96% | +1.18% |
| Arvind Ltd. | Textiles | 0.84% | ₹1.73 Cr | +0.57% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.83% | ₹1.71 Cr | +0.92% | +0.55% | +1.29% |
| Aarti Industries Ltd. | Chemicals | 0.81% | ₹1.67 Cr | +0.47% | — | — |
| Shadowfax Technologies Ltd. | Services | 0.81% | ₹1.68 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 0.80% | ₹1.64 Cr | +0.67% | +0.97% | +1.10% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.79% | ₹1.63 Cr | +0.84% | — | — |
| Adani Enterprises Ltd. | Services | 0.77% | ₹1.60 Cr | +0.49% | — | — |
| MTAR Technologies Ltd. | Capital Goods | 0.76% | ₹1.56 Cr | — | — | — |
| Grasim Industries Ltd. | Materials | 0.74% | ₹1.53 Cr | — | — | — |
| DOMS Industries Ltd. | Consumer Staples | 0.73% | ₹1.51 Cr | +0.80% | +0.93% | +1.00% |
| Data Patterns (India) Ltd. | Capital Goods | 0.73% | ₹1.50 Cr | +0.76% | +0.60% | — |
| Blue Star Ltd. | Consumer Discretionary | 0.71% | ₹1.46 Cr | +0.76% | +0.87% | +1.01% |
| HCL Technologies Ltd. | Technology | 0.71% | ₹1.48 Cr | +0.62% | +0.91% | +0.93% |
| Jubilant FoodWorks Ltd. | Services | 0.71% | ₹1.46 Cr | +0.43% | — | +0.57% |
| Interglobe Aviation Ltd. | Services | 0.66% | ₹1.37 Cr | +0.52% | — | — |
| Godrej Properties Ltd. | Construction | 0.63% | ₹1.30 Cr | — | — | — |
| Central Depository Services (India) Ltd. | Financial | 0.61% | ₹1.26 Cr | — | — | — |
| Home First Finance Company India Ltd. | Financial | 0.59% | ₹1.22 Cr | +0.61% | +0.56% | +1.20% |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | 0.58% | ₹1.20 Cr | +0.53% | — | — |
| Ather Energy Ltd. | Automobile | 0.55% | ₹1.14 Cr | +0.44% | — | — |
| Kei Industries Ltd. | Capital Goods | 0.54% | ₹1.11 Cr | +0.66% | +0.57% | +0.57% |
| Hindalco Industries Ltd. | Metals & Mining | 0.52% | ₹1.08 Cr | +0.53% | +0.85% | +0.73% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 0.52% | ₹1.08 Cr | — | — | — |
| Atul Ltd. | Chemicals | 0.43% | ₹0.89 Cr | +0.47% | — | — |
| Engineers India Ltd. | Construction | 0.43% | ₹0.90 Cr | — | — | — |
| PB Fintech Ltd. | Services | 0.13% | ₹0.27 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.04% | ₹0.07 Cr | +0.07% | +0.09% | +0.08% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Larsen & Toubro Ltd. | 1.50% | 0.00% | -1.50% |
| Sona BLW Precision Forgings Ltd. | 0.00% | 1.00% | +1.00% |
| Shadowfax Technologies Ltd. | 0.00% | 0.81% | +0.81% |
| Cummins India Ltd. | 0.71% | 0.00% | -0.71% |
| Endurance Technologies Ltd. | 0.66% | 0.00% | -0.66% |
| Central Depository Services (India) Ltd. | 0.00% | 0.61% | +0.61% |
| Engineers India Ltd. | 0.00% | 0.43% | +0.43% |
| Adani Ports and Special Economic Zone Ltd. | 0.96% | 1.31% | +0.35% |
| HDFC Bank Ltd. | 4.59% | 4.29% | -0.30% |
| ICICI Bank Ltd. | 6.05% | 5.76% | -0.29% |
| Maruti Suzuki India Ltd. | 1.25% | 0.96% | -0.29% |
| State Bank of India | 2.01% | 1.77% | -0.24% |
| LG Electronics India Ltd. | 0.71% | 0.92% | +0.21% |
| Kirloskar Oil Engines Ltd. | 1.33% | 1.53% | +0.20% |
| Axis Bank Ltd. | 1.92% | 2.08% | +0.16% |
| Azad Engineering Ltd. | 1.72% | 1.87% | +0.15% |
| PB Fintech Ltd. | 0.00% | 0.13% | +0.13% |
| Infosys Ltd. | 1.65% | 1.52% | -0.13% |
| Acutaas Chemicals Ltd. | 1.39% | 1.51% | +0.12% |
| Others | -0.15% | -0.27% | -0.12% |
| Godrej Properties Ltd. | 0.75% | 0.63% | -0.12% |
| Kei Industries Ltd. | 0.66% | 0.54% | -0.12% |
| Varun Beverages Ltd. | 0.93% | 1.05% | +0.12% |
| Hyundai Motor India Ltd. | 1.17% | 1.28% | +0.11% |
| KSB Ltd. | 1.01% | 1.12% | +0.11% |
| Max Financial Services Ltd. | 1.27% | 1.16% | -0.11% |
| Garden Reach Shipbuilders & Engineers Ltd. | 0.47% | 0.58% | +0.11% |
| MTAR Technologies Ltd. | 0.65% | 0.76% | +0.11% |
| KFin Technologies Ltd. | 1.21% | 1.10% | -0.11% |
| Multi Commodity Exchange Of India Ltd. | 2.83% | 2.72% | -0.11% |
| Cholamandalam Investment and Finance Company Ltd. | 1.16% | 1.06% | -0.10% |
| Mphasis Ltd. | 1.44% | 1.34% | -0.10% |
| SJS Enterprises Ltd. | 2.07% | 1.97% | -0.10% |
| Titan Company Ltd. | 1.65% | 1.55% | -0.10% |
| Shriram Finance Ltd | 1.33% | 1.24% | -0.09% |
| The Phoenix Mills Ltd. | 1.41% | 1.50% | +0.09% |
| Ather Energy Ltd. | 0.64% | 0.55% | -0.09% |
| Aarti Industries Ltd. | 0.73% | 0.81% | +0.08% |
| Amber Enterprises India Ltd. | 0.92% | 0.84% | -0.08% |
| Tata Consumer Products Ltd. | 1.92% | 1.84% | -0.08% |
| Max Healthcare Institute Ltd. | 1.14% | 1.07% | -0.07% |
| Solar Industries India Ltd. | 2.46% | 2.53% | +0.07% |
| NTPC Ltd. | 1.74% | 1.80% | +0.06% |
| Nippon Life India Asset Management Ltd. | 1.36% | 1.30% | -0.06% |
| Reliance Industries Ltd. | 2.16% | 2.10% | -0.06% |
| Blue Star Ltd. | 0.65% | 0.71% | +0.06% |
| Ajanta Pharma Ltd. | 1.10% | 1.16% | +0.06% |
| Hindustan Copper Ltd. | 1.14% | 1.08% | -0.06% |
| Tata Motors Ltd. | 0.87% | 0.92% | +0.05% |
| Eternal Ltd. | 2.12% | 2.17% | +0.05% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.41% | 1.36% | -0.05% |
| Adani Enterprises Ltd. | 0.73% | 0.77% | +0.04% |
| Grasim Industries Ltd. | 0.78% | 0.74% | -0.04% |
| Karur Vysya Bank Ltd. | 1.76% | 1.72% | -0.04% |
| Trent Ltd. | 0.93% | 0.89% | -0.04% |
| Ujjivan Small Finance Bank Ltd. | 1.37% | 1.41% | +0.04% |
| Bharti Airtel Ltd. | 1.42% | 1.45% | +0.03% |
| Gabriel India Ltd. | 1.43% | 1.40% | -0.03% |
| JK Cement Ltd. | 0.88% | 0.91% | +0.03% |
| Apollo Hospitals Enterprise Ltd. | 0.82% | 0.79% | -0.03% |
| Arvind Ltd. | 0.82% | 0.84% | +0.02% |
| CG Power and Industrial Solutions Ltd. | 0.85% | 0.83% | -0.02% |
| CarTrade Tech Ltd. | 1.59% | 1.61% | +0.02% |
| Cemindia Projects Ltd. | 0.96% | 0.98% | +0.02% |
| GE Vernova T&D India Ltd | 1.85% | 1.83% | -0.02% |
| HCL Technologies Ltd. | 0.73% | 0.71% | -0.02% |
| Hindalco Industries Ltd. | 0.54% | 0.52% | -0.02% |
| Jubilant FoodWorks Ltd. | 0.73% | 0.71% | -0.02% |
| Persistent Systems Ltd. | 0.91% | 0.89% | -0.02% |
| Atul Ltd. | 0.44% | 0.43% | -0.01% |
| Bharat Heavy Electricals Ltd. | 0.97% | 0.96% | -0.01% |
| DOMS Industries Ltd. | 0.74% | 0.73% | -0.01% |
| Dixon Technologies (India) Ltd. | 1.58% | 1.59% | +0.01% |
| Interglobe Aviation Ltd. | 0.67% | 0.66% | -0.01% |
| Torrent Pharmaceuticals Ltd. | 1.45% | 1.44% | -0.01% |
| Vijaya Diagnostic Centre Ltd. | 0.53% | 0.52% | -0.01% |
| Reserve Bank of India | 0.03% | 0.04% | +0.01% |
| company:20133 | 0.01% | 0.00% | -0.01% |
| Navin Fluorine International Ltd. | 2.01% | 2.00% | -0.01% |
| Angel One Ltd. | 1.06% | 1.06% | 0.00% |
| Data Patterns (India) Ltd. | 0.73% | 0.73% | 0.00% |
| Home First Finance Company India Ltd. | 0.59% | 0.59% | 0.00% |
| JSW Steel Ltd. | 1.00% | 1.00% | 0.00% |
| TVS Motor Company Ltd. | 0.80% | 0.80% | 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 | ₹1,893 Cr | 2.29% | 7.8% | 8.0% | 12.3% |
 Nippon India Retirement Fund - Wealth Creation Scheme | ₹2,939 Cr | 2.23% | 2.1% | 3.2% | 9.3% |
 Tata Retirement Savings Progressive Plan | ₹2,104 Cr | 2.20% | 10.1% | 6.8% | 10.7% |
 ICICI Prudential Retirement Fund - Pure Equity Plan | ₹2,071 Cr | 2.13% | 4.1% | 9.6% | 15.6% |
 Aditya Birla Sun Life Retirement Fund - The 30s Plan | ₹456 Cr | 2.62% | 14.9% | 12.3% | 13.6% |
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 months3.32% absolute | ₹60,000 | ₹61,992 | 3.32% | |
| 1 year3.71% annualised | ₹1,20,000 | ₹1,22,439 | 2.03% | |
| 3 years11.88% annualised | ₹3,60,000 | ₹4,34,234 | 20.62% |
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 ₹16.51 as on 9 Nov 2026.
What is the expense ratio of Union Retirement Fund?
The expense ratio of Union Retirement Fund is 2.67% 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 ₹28,977 Cr under management.