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Union Mutual Fund

AUM

₹ 19,972.36 cr.

No. of Schemes

85

AMC Age

15 Years

AUM

₹ 19,972.36 cr.

No. of Schemes

85

AMC Age

15 Years

List of Union Mutual Fund Schemes

Name
Risk

AUM

1Y Returns

Union Active Momentum Fund - Regular (G)

Equity | Sectoral / Thematic

Buy

Very High
₹ 420.60 cr
%

Union ELSS Tax Saver Fund - Regular (G)

Equity | ELSS

Buy

Very High
₹ 871.84 cr
5.78%

Union Gilt Fund (IDCW-A) - Payout

Debt | Gilt Fund

Buy

Moderate
₹ 108.47 cr
10.49%

Union Gilt Fund (IDCW-H) - Reinvestment

Debt | Gilt Fund

Buy

Moderate
₹ 108.47 cr
10.49%

Union Largecap Fund - Regular (IDCW)

Equity | Large Cap Fund

Buy

Very High
₹ 442.16 cr
2.47%

Union Small Cap Fund (IDCW) - Payout

Equity | Small Cap Fund

Buy

Very High
₹ 1468.35 cr
2.61%

Union Flexi Cap Fund (IDCW) - Payout

Equity | Flexi Cap Fund

Buy

Very High
₹ 2227.46 cr
5.32%

Union Aggressive Hybrid Fund (IDCW) - Payout

Hybrid | Aggressive Hybrid Fund

Buy

Very High
₹ 634.92 cr
7.66%

Union Dynamic Bond Fund (G)

Debt | Dynamic Bond

Buy

Moderate
₹ 108.91 cr
10.66%

Union Dynamic Bond Fund (IDCW) - Reinvestment

Debt | Dynamic Bond

Buy

Moderate
₹ 108.91 cr
10.66%
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About Union Mutual Fund

Union Mutual Fund was established on 30 December 2009 with the goal of being a reliable investment partner for investors and distributors. It operates as the investment arm of Union Bank and benefits from the bank’s extensive customer base.

Union Mutual Fund initially started as Union KBC Mutual Fund, a collaboration with KBC Asset Management NV, a Belgium-based AMC. Over time, it went through structural changes, and in 2017, it formed an alliance with Dai-ichi Life, a Japanese financial services company. Currently, the fund is sponsored by Union Bank of India and Dai-ichi Life Holdings.

As of March 2023, Union AMC manages a range of investment schemes across four categories: Equity, Debt, Hybrid, and Solution-Oriented funds. These schemes are available in both regular and direct plans, offering investors diverse options to achieve their financial goals.

Union Bank of India, a public sector bank headquartered in Mumbai, has a large customer base and an extensive branch network. Following its merger with Corporation Bank and Andhra Bank in April 2022, it became one of the largest PSU banks in India.

Dai-ichi Life Holdings, established in 1902 and listed on the Tokyo Stock Exchange, is a financial services holding company engaged in insurance and asset management. It operates its asset management business globally through Asset Management One Co. Ltd.

Union Mutual Fund is guided by three core values—Trust, Transparency, and Consistency of Performance. Its vision is to be a reliable and trusted investment partner, while its mission focuses on creating long-term wealth and improving the financial well-being of investors across different regions.

Key Information: Union Mutual Fund

The table below summarises the essential details about Union Mutual Fund, including its founding information, sponsors, leadership, and investment team.

Category

Details

Founding Date

30 December 2009

AMC Incorporation Date

23 March 2011

Headquarters

Mumbai

Sponsors

Union Bank of India, Dai-ichi Life Holdings, Inc.

Trustee Organisation

Union Trustee Company Private Limited

Total AUM (Feb 2025)

₹18,874.86 crore

Key Directors

Ms. A. Manimekhalai, Mr. Yusuke Sato, Ms. Priti Rao, Mrs. Alice Vaidyan, Mr. Raghu Palat, Mr. Anil Bafna, Mr. V. Ramachandra

CEO

Mr. Madhukumar Nair

Chief Investment Officer

Mr. Harshad Patwardhan

Head - Fixed Income

Mr. Parijat Agrawal

Head - Equity

Mr. Sanjay Bembalkar

Fund Managers (Equity)

Mr. Gaurav Chopra, Mr. Vinod Malviya, Mr. Pratik Dharmshi

Fund Managers (Fixed Income)

Mr. Devesh Thacker, Mr. Anindya Sarkar

Chief Risk Officer

Mr. Maulik Bhansali

Head - Marketing

Mr. Saurabh Jain

Head - Compliance

Ms. Richa Parasrampuria

Head - Institutional Sales

Mr. Nishant Dharavat

Head - IT

Mr. Yunus Sagari

Head - Products

Mr. Ashay Vaidya

How To Invest in the Union Mutual Fund via Bajaj Broking?

Investing in Union Mutual Fund through Bajaj Broking is a straightforward and digital process. Follow these steps to get started:

  1. Log in to Your Bajaj Broking Account

    • Enter your registered mobile number and verify the OTP.

    • Enter your MPIN to proceed.

    • If you do not have an account, you can open a Demat account online by providing the necessary documents.

  2. Choose the Right Mutual Fund

    • Search for the fund that matches your financial goals and risk profile.

    • Analyse the fund’s past performance, tax implications, and sector allocations.

    • Use the investment calculator to estimate potential returns.

    • Review the fund’s risk level and compare it with your risk appetite.

    • Check ratings provided by trusted agencies.

  3. Make Your Investment

    • Open the Bajaj Broking app and go to the Mutual Funds section.

    • Decide whether to invest a lump sum or start a SIP (Systematic Investment Plan).

    • Enter the investment amount and select the payment method (UPI or net banking).

    • For SIP, set up a payment mandate for seamless future instalments.

By following these steps, you can start investing in Union Mutual Fund through Bajaj Broking efficiently.

Documents Required to Invest in Union Mutual Fund

Before investing, completing the KYC process is essential. Below are the documents required:

  • PAN Card – Mandatory for identification.

  • Personal Details – Full name, registered mobile number, and email address.

  • Address Proof – Aadhaar Card (front and back) is recommended.

  • Bank Account Details – A cancelled cheque may be required.

  • Nominee Details – To designate a beneficiary for your investment.

  • FATCA Declaration – Required for tax compliance.

KYC verification is completed within 48-72 business hours, after which you can begin your investment journey.

List of Union Mutual Fund to Invest In India 

Fund Name

Category

NAV (as of 21 Mar 2025)

1Y Return

5Y Return

Benchmark

Union Flexi Cap Fund

Equity

₹52.08

13.94%

13.04%

BSE 500 TRI

Union Active Momentum Fund

Equity

₹8.21

-49.53%

-75.61%

Nifty 500 TRI

Union Business Cycle Fund

Equity

₹10.41

-1.53%

-2.64%

Nifty 500 TRI

Union Focused Fund

Equity

₹24.65

17.40%

16.20%

BSE 500 TRI

Union Largecap Fund

Equity

₹23.35

13.30%

10.57%

S&P BSE 100 TRI

Union Innovation and Opportunities Fund

Equity

₹12.94

10.85%

13.03%

Nifty 500 TRI

Union Large and Midcap Fund

Equity

₹24.84

18.68%

17.33%

Nifty LargeMidcap 250 TRI

Union Multicap Fund

Equity

₹14.79

14.67%

15.67%

NIFTY 500 Multicap 50:25:25 TRI

Union Midcap Fund

Equity

₹45.20

35.70%

33.49%

BSE Midcap 150 TRI

Union Small Cap Fund

Equity

₹47.68

13.31%

14.60%

BSE 250 Smallcap TRI

Union ELSS Tax Saver Fund

Equity

₹64.21

13.94%

13.29%

BSE 500 TRI

Union Value Fund

Equity

₹27.21

15.15%

16.07%

BSE 500 TRI

Union Corporate Bond Fund

Debt

₹15.16

7.30%

6.22%

CRISIL Corporate Debt A-II Index

Union Dynamic Bond Fund

Debt

₹24.11

7.87%

6.66%

CRISIL Dynamic Bond A-III Index

Union Gilt Fund

Debt

₹12.17

8.48%

7.24%

CRISIL Dynamic Gilt Index

Union Liquid Fund

Debt

₹2,495.26

6.76%

6.53%

CRISIL Liquid Debt A-I Index

Union Money Market Fund

Debt

₹1,237.50

6.33%

6.12%

CRISIL Money Market A-I Index

Union Overnight Fund

Debt

₹1,342.22

5.09%

5.02%

CRISIL Liquid Overnight Index

Union Short Duration Fund

Debt

₹10.10

7.39%

N.A

CRISIL Short Duration Debt A-II Index

Union Arbitrage Fund

Hybrid

₹14.25

5.53%

5.99%

Nifty 50 Arbitrage Index

Union Equity Savings Fund

Hybrid

₹16.85

9.25%

7.85%

CRISIL Equity Savings Index

Union Aggressive Hybrid Fund

Hybrid

₹17.50

11.79%

12.66%

CRISIL Hybrid 35+65 - Aggressive Index

Union Balanced Advantage Fund

Hybrid

₹20.56

10.40%

9.91%

NIFTY 50 Hybrid Composite Debt 50:50 Index

Union Children's Fund

Solution Oriented

₹11.52

5.68%

6.23%

BSE 500 TRI

Union Retirement Fund

Solution Oriented

₹14.84

12.92%

14.09%

BSE 500 TRI

Union Gold ETF

ETF

₹87.38

N.A

-73.98%

Domestic Gold Prices

Union Gold ETF Fund of Fund

FOF

₹10.34

N.A

N.A

Domestic Gold Prices

Union Flexi Cap Fund

This equity-oriented scheme provides flexibility by investing across large-cap, mid-cap, and small-cap stocks. The fund aims to capture growth opportunities across different market segments. As of 21 March 2025, its NAV stands at ₹52.08, delivering a 1-year return of 13.94% and a 5-year return of 13.04%. It tracks the BSE 500 TRI, which represents a broad market index.

Union Active Momentum Fund

This fund follows a momentum-based investment strategy, focusing on stocks exhibiting strong upward price trends. However, it has significantly underperformed, with a 1-year return of -49.53% and a 5-year return of -75.61%. Its NAV is ₹8.21, and it is benchmarked against the Nifty 500 TRI. The negative returns suggest a high-risk investment approach that has not yielded favourable results.

Union Business Cycle Fund

This equity fund invests based on economic and business cycles, shifting allocations depending on macroeconomic conditions. As of 21 March 2025, the fund has an NAV of ₹10.41, a 1-year return of -1.53%, and a 5-year return of -2.64%. It is benchmarked against the Nifty 500 TRI. The negative returns indicate that the fund has struggled to navigate business cycles effectively.

Union Focused Fund

This scheme maintains a concentrated portfolio with a limited number of stocks, aiming for high conviction investments. It has delivered strong performance with a 1-year return of 17.40% and a 5-year return of 16.20%. The NAV is ₹24.65, and it follows the BSE 500 TRI benchmark.

Union Largecap Fund

Focusing on large-cap companies, this fund aims to provide stability and long-term capital appreciation. It has an NAV of ₹23.35, a 1-year return of 13.30%, and a 5-year return of 10.57%. The fund tracks the S&P BSE 100 TRI, which represents the top 100 large-cap stocks in India.

Union Innovation and Opportunities Fund

This equity fund targets companies with innovative business models, disruptive technologies, or unique market opportunities. As of 21 March 2025, it has an NAV of ₹12.94, a 1-year return of 10.85%, and a 5-year return of 13.03%. It follows the Nifty 500 TRI benchmark.

Union Large and Midcap Fund

Investing in both large-cap and mid-cap stocks, this fund balances stability and growth potential. It has outperformed with a 1-year return of 18.68% and a 5-year return of 17.33%. The NAV is ₹24.84, and it is benchmarked against the Nifty LargeMidcap 250 TRI.

Union Multicap Fund

This fund spreads investments across large, mid, and small-cap stocks to maximise diversification. As of 21 March 2025, the NAV stands at ₹14.79, with a 1-year return of 14.67% and a 5-year return of 15.67%. It tracks the NIFTY 500 Multicap 50:25:25 TRI, ensuring a balanced allocation across different market segments.

Union Midcap Fund

Targeting mid-cap stocks, this fund offers higher growth potential but with increased volatility. It has performed well, with a 1-year return of 35.70% and a 5-year return of 33.49%. The NAV is ₹45.20, and it follows the BSE Midcap 150 TRI.

Union Small Cap Fund

This equity fund focuses on small-cap companies, which have the potential for high growth but also carry higher risk. The NAV is ₹47.68, with a 1-year return of 13.31% and a 5-year return of 14.60%. It is benchmarked against the BSE 250 Smallcap TRI.

Union ELSS Tax Saver Fund

This Equity Linked Savings Scheme (ELSS) offers tax benefits under Section 80C of the Income Tax Act. The NAV is ₹64.21, with a 1-year return of 13.94% and a 5-year return of 13.29%. It tracks the BSE 500 TRI. Investors in this fund benefit from long-term wealth creation along with tax-saving advantages.

Union Value Fund

Following a value investing approach, this fund focuses on stocks that are undervalued relative to their intrinsic worth. It has an NAV of ₹27.21, a 1-year return of 15.15%, and a 5-year return of 16.07%. The benchmark is the BSE 500 TRI.

Union Corporate Bond Fund

A debt-oriented scheme investing primarily in high-quality corporate bonds, this fund aims for stable returns. The NAV is ₹15.16, with a 1-year return of 7.30% and a 5-year return of 6.22%. It follows the CRISIL Corporate Debt A-II Index.

Union Dynamic Bond Fund

This debt fund dynamically manages investments across debt instruments with varying maturities. The NAV is ₹24.11, with a 1-year return of 7.87% and a 5-year return of 6.66%. It is benchmarked against the CRISIL Dynamic Bond A-III Index.

Union Gilt Fund

Investing in government securities, this debt fund aims for low-risk, stable returns. The NAV is ₹12.17, with a 1-year return of 8.48% and a 5-year return of 7.24%. It follows the CRISIL Dynamic Gilt Index.

Union Liquid Fund

This fund invests in highly liquid, short-term money market instruments. It has an NAV of ₹2,495.26, a 1-year return of 6.76%, and a 5-year return of 6.53%. It is benchmarked against the CRISIL Liquid Debt A-I Index.

Union Money Market Fund

Focusing on short-duration money market instruments, this debt fund ensures liquidity and stability. The NAV is ₹1,237.50, with a 1-year return of 6.33% and a 5-year return of 6.12%. It follows the CRISIL Money Market A-I Index.

Union Overnight Fund

This debt fund invests in overnight securities, offering minimal risk. The NAV is ₹1,342.22, with a 1-year return of 5.09% and a 5-year return of 5.02%. It is benchmarked against the CRISIL Liquid Overnight Index.

Union Short Duration Fund

Investing in debt instruments with short maturities, this fund balances risk and returns. The NAV is ₹10.10, with a 1-year return of 7.39%. It follows the CRISIL Short Duration Debt A-II Index.

Union Arbitrage Fund

This hybrid fund seeks to exploit arbitrage opportunities in the market while maintaining a low-risk profile. The NAV is ₹14.25, with a 1-year return of 5.53% and a 5-year return of 5.99%. It tracks the Nifty 50 Arbitrage Index.

Union Equity Savings Fund

Combining equity and debt, this hybrid fund aims for steady income with moderate risk. The NAV is ₹16.85, with a 1-year return of 9.25% and a 5-year return of 7.85%. It follows the CRISIL Equity Savings Index.

Union Aggressive Hybrid Fund

A mix of equity and debt, this fund is suited for long-term investors seeking growth with stability. The NAV is ₹17.50, with a 1-year return of 11.79% and a 5-year return of 12.66%. It tracks the CRISIL Hybrid 35+65 - Aggressive Index.

Union Balanced Advantage Fund

This fund dynamically allocates assets between equity and debt based on market conditions. The NAV is ₹20.56, with a 1-year return of 10.40% and a 5-year return of 9.91%. It follows the NIFTY 50 Hybrid Composite Debt 50:50 Index.

Union Children’s Fund

A solution-oriented scheme designed to build wealth for children’s future needs. The NAV is ₹11.52, with a 1-year return of 5.68% and a 5-year return of 6.23%. It tracks the BSE 500 TRI.

Union Retirement Fund

This solution-oriented fund focuses on long-term retirement planning. The NAV is ₹14.84, with a 1-year return of 12.92% and a 5-year return of 14.09%, benchmarked against the BSE 500 TRI.

Union Gold ETF

This exchange-traded fund (ETF) invests in physical gold, aiming to mirror domestic gold prices. As of 21 March 2025, its NAV stands at ₹87.38. The fund’s 5-year return is -73.98%, indicating a significant decline in value over time. Since it is linked to gold prices, its performance depends on fluctuations in the gold market. This ETF is suitable for investors looking to gain exposure to gold without holding physical assets.

Union Gold ETF Fund of Fund

This fund-of-fund (FoF) invests in the Union Gold ETF, providing indirect exposure to gold prices. As of 21 March 2025, its NAV is ₹10.34. Since it derives its value from the underlying ETF, its returns align with the performance of Union Gold ETF and domestic gold prices. It is an option for investors preferring a mutual fund structure over directly trading ETFs.

Union Mutual Fund Managers

GC

Gaurav Chopra

View Details
other info

Over 8 years of experience in the equity markets. Appointed as Co-Fund Manager with effect from January 25, 2023. June 2020 - January 24, 2023 with Union Asset Management Company Pvt. Ltd as Research Analyst - Equity. November 2015 to May 2020 with Centrum Portfolio Management Services - Centrum Broking Limited as Research Analyst. March 2015 to October 2015 with Barclays Wealth Trustees (India) Private Limited as Trust Analysts . September 2011 to September 2014 with Sharp & Tanan Associates as Audit Assurance Assistant.

SB

Sanjay Bembalkar

View Details
other info

Total experience - 12 years Details: Research Analyst - Equity - Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst - Equity - LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President - Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst - Autonomous Research LLP (August 2009 to January 2010)

AS

Anindya Sarkar

View Details
other info

He was associated with Union Asset Management Company Private Limited as Vice President - Risk Management, ICAP India Pvt. Ltd as Dealer - Fixed Income and Sarcon Blockbuild Ltd, Navigators Inc. and School of Risk Management and Actuarial 0Science, St. John's University, in various capacities.

PA

Parijat Agrawal

View Details
other info

Over 23 years of experience in Funds Management. September 2010 till date with Union Asset Management Company Private Limited as Head - Fixed Income with overall responsibilities of Portfolio Management of Fixed Income and Hybrid Funds. October 2006 till July 2010 with SBI Mutual Fund as Head - Fixed Income with responsibilities of Portfolio Management of Fixed Income and Hybrid Funds. November 2004 till September 2006 with State Bank of Mauritius Limited with responsibilities of managing the entire Treasury functions of the Bank. December 1999 till May 2004 with SUN F&C Asset Management as Fund Manager responsible for Portfolio Management of Fixed Income and Hybrid Funds.

VM

Vinod Malviya

View Details
other info

Over 14 years of experience in the Financial markets as an Analyst. Appointed as Co-Fund Manager with effect from January 25, 2023. February 2020 - January 24, 2023 with Union Asset Management Company Pvt. Ltd. as Research Analyst - Equity. July 2014 to January 2020 with Florintree Advisors Private Limited as Principal. August 2012 to June 2014 with East India Securities Limited as Research Analyst. September 2008 to July 2012 with Amit Nalin Securities Private Limited as Research Analyst.

PD

Pratik Dharmshi

View Details
other info

Total experience - 12 years Details: Research Analyst - Equity - Canara Robeco Asset Management Company Ltd. (December 2017 to September 2019) Research Analyst - Equity - LIC Mutual Fund Asset Management Ltd.(August 2015 to December 2017) Assistant Vice President - Quantum Advisors Pvt. Ltd (April 2010 to August 2015) Intern Analyst - Autonomous Research LLP (August 2009 to January 2010)

DT

Devesh Thacker

View Details
other info

He has over 19 years experience in fund management & Banking Industry. Prior to joining Union KBC AMC in 2011 he has worked with Sahara AMC.

SP

Shrenuj Parekh

View Details
other info

VT

Vishal Thakker

View Details
other info

Mr. Thakker is appointed as a Co-Fund Manager of this Scheme. Prior to his appointment as a Co-Fund Manager, he has been associated with Union Asset Management Company Private Limited as Dealer - Equity since March 2017. Prior to this, he was associated with Elara Capital as Sales Trader from February 2010 till February 2017. He has also been associated with Emkay Shares & Stock Broking as a Dealer from June 2009 - February 2010. He has over 8 years of experience in equity & derivative dealing functions.

PD

Pratik Dharmshi

View Details
other info

Pratik Dharmshi is the Fund Manager for Edelweiss Long Term Equity Fund and Edelweiss Tax Advantage Fund, responsible for managing the performance of the schemes. He has more than 9 years of rich experience in the financial markets. Pratik Dharmshi is the Fund Manager for Edelweiss Long Term Equity Fund and Edelweiss Tax Advantage Fund, responsible for managing the performance of the schemes. He has more than 9 years of rich experience in the financial markets. At Edelweiss AMC, Pratik's role is to identify new investment opportunities, managing risk with focus on investment returns.

TS

Tarun Singh

View Details
other info

He has over 23 years of work experience including more than 11 years experience in the fixed income dealing function. Mr Singh is appointed as a Co-Fund Manager of this Scheme. Prior to his appointment as a Co-Fund Manager, he has been associated with Union Asset Management Company Private Limited as Dealer - Fixed Income since October 2010. From April 2008 to October 2010, he was with SBI Funds Management Private Limited as Fixed Income Dealer. From August 2002 to March 2008, he was with Prebon Yamane India Ltd. as Fixed Income Dealer. Further, he was also involved in Back Office Operations, Compliance matters and audits. From July 2000 to June 2002, he was with Enron India Pvt. Ltd as Accounts Executive. o

HP

Harshad Patwardhan

View Details
other info

Mr. Patwardhan has an overall work experience of over 23 years in the investment management function and has joined Edelweiss AMC as Chief Investment Officer - Equity and a key personnel. Prior to joining Edelweiss AMC, he was associated with JPMorgan Asset Management India Private Limited since June 2006 as CIO-Equies. Prior to that Mr. Patwardhan worked for two years with Deutsche Equies India Private Limited as a senior research analyst and has had extensive experience with several foreign brokerage houses covering a variety of sectors.

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