Union Ultra Short to Short Term Fund
- NAV as on 25 Sep 2026
- ₹10.61-0.05%1 day
- Return since launch
- 4.9%
- 52-week range
- ₹10.10 — ₹10.62
- AUM
- ₹361 Cr
Union Ultra Short to Short Term Fund is a Low Duration debt fund from Union Mutual Fund with ₹361 Cr under management, launched in 2025. The expense ratio is 0.98% and the SEBI riskometer reading is Low to Moderate.
Performance
Union Ultra Short to Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.0% against +5.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.1% | −0.5 pts | 5.7% | 6.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | −0.1 pts | 0.4% | 0.4% |
| 3M | 1.1% | −0.2 pts | 1.3% | 1.3% |
| 6M | 2.9% | −0.3 pts | 3.2% | 3.2% |
| 1Y | 5.0% | −0.6 pts | 5.7% | 5.7% |
Since launch (26 Jun 2025): 4.9%
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
0.98%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.82%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.15%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Low Duration Debt Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
Portfolio
Union Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt88.1%
- Other11.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 12.75% | ₹45.98 Cr | +1.65% | +0.84% | +6.69% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 6.95% | ₹25.06 Cr | +4.56% | +2.38% | +6.74% |
| Bajaj Finance Ltd. | Financial | 6.92% | ₹24.95 Cr | +4.55% | +2.36% | — |
| National Bank For Agriculture & Rural Development | Financial | 6.91% | ₹24.93 Cr | — | +1.42% | +6.65% |
| Tata Capital Housing Finance Ltd. | Financial | 6.90% | ₹24.87 Cr | +4.53% | +2.34% | — |
| Power Finance Corporation Ltd. | Financial | 6.87% | ₹24.78 Cr | — | +4.69% | +6.65% |
| REC Ltd. | Financial | 6.84% | ₹24.67 Cr | +4.51% | +2.33% | +3.31% |
| Punjab National Bank | Financial | 6.74% | ₹24.30 Cr | +0.88% | +0.44% | — |
| Axis Bank Ltd. | Financial | 6.70% | ₹24.17 Cr | — | — | +6.40% |
| Canara Bank | Financial | 6.70% | ₹24.15 Cr | +4.31% | — | +6.48% |
| HDFC Bank Ltd. | Financial | 6.70% | ₹24.17 Cr | +4.31% | — | — |
| ICICI Bank Ltd. | Financial | 6.69% | ₹24.12 Cr | +4.31% | — | — |
| company:5721 | Financial | 5.55% | ₹20.02 Cr | — | +1.14% | — |
| Kotak Mahindra Bank Ltd. | Financial | 4.02% | ₹14.51 Cr | — | — | — |
| Reserve Bank of India | Financial | 2.76% | ₹9.97 Cr | +9.11% | +2.31% | +3.26% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bank Of Baroda | 7.10% | 0.00% | -7.10% |
| company:5721 | 0.00% | 5.55% | +5.55% |
| REC Ltd. | 7.29% | 6.84% | -0.45% |
| Jamnagar Utilities and Power Pvt. Ltd. | 7.32% | 6.95% | -0.37% |
| National Bank For Agriculture & Rural Development | 7.28% | 6.91% | -0.37% |
| Power Finance Corporation Ltd. | 7.24% | 6.87% | -0.37% |
| Bajaj Finance Ltd. | 7.28% | 6.92% | -0.36% |
| Tata Capital Housing Finance Ltd. | 7.25% | 6.90% | -0.35% |
| Axis Bank Ltd. | 6.99% | 6.70% | -0.29% |
| HDFC Bank Ltd. | 6.99% | 6.70% | -0.29% |
| Punjab National Bank | 7.03% | 6.74% | -0.29% |
| Canara Bank | 6.98% | 6.70% | -0.28% |
| ICICI Bank Ltd. | 6.97% | 6.69% | -0.28% |
| Kotak Mahindra Bank Ltd. | 4.19% | 4.02% | -0.17% |
| Reserve Bank of India | 2.89% | 2.76% | -0.13% |
| Others | 0.89% | 0.85% | -0.04% |
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 | ₹5,593 Cr | 0.45% | 6.2% | 6.8% | 6.9% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹21,047 Cr | 0.53% | 6.2% | 7.0% | 7.1% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.2% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.2% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.3% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 6.2% | — | — |
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 and liquidity by investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns such that the Macaulay Duration of the portfolio is between 6 months to 12 months.
Fund managers
- Anindya SarkarMr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRMPrior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.
- 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.
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 months2.87% absolute | ₹60,000 | ₹61,722 | 2.87% | |
| 1 year5.04% annualised | ₹1,20,000 | ₹1,23,327 | 2.77% |
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.