Union Mutual Fund

Fund Name	Ratings	Risk	3Y Returns	AUM
Union Small Cap Fund Direct Plan IDCW Reinvestment Equity Small Cap Fund	1.5	Very High	22.64%	₹1,661.94 cr.
Union Small Cap Fund Direct Plan IDCW Payout Equity Small Cap Fund	1.5	Very High	22.64%	₹1,661.94 cr.
Union Small Cap Fund Equity Small Cap Fund	1.5	Very High	22.64%	₹1,661.94 cr.
Union Midcap Fund Equity Mid Cap Fund	0	Very High	21.49%	₹1,380.72 cr.
Union Midcap Fund Direct Plan IDCW Reinvestment Equity Mid Cap Fund	0	Very High	21.49%	₹1,380.72 cr.
Union Midcap Fund Direct Plan IDCW Payout Equity Mid Cap Fund	0	Very High	21.49%	₹1,380.72 cr.
Union Value Fund Equity Value Fund	2.5	Very High	20.05%	₹300.49 cr.
Union Value Fund Direct Plan IDCW Reinvestment Equity Value Fund	2.5	Very High	20.05%	₹300.49 cr.
Union Value Fund Direct Plan IDCW Payout Equity Value Fund	2.5	Very High	20.05%	₹300.49 cr.
Union ELSS Tax Saver Fund Equity ELSS	3	Very High	16.8%	₹935.47 cr.
Union ELSS Tax Saver Fund Direct Plan IDCW Payout Equity ELSS	3	Very High	16.8%	₹935.47 cr.
Union Large and Midcap Fund Equity Large & Mid Cap Fund	0	Very High	16.56%	₹847.32 cr.
Union Large and Midcap Fund Direct Plan IDCW Reinvestment Equity Large & Mid Cap Fund	0	Very High	16.56%	₹847.32 cr.
Union Large and Midcap Fund Direct Plan IDCW Payout Equity Large & Mid Cap Fund	0	Very High	16.56%	₹847.32 cr.
Union Flexi Cap Fund Equity Flexi Cap Fund	3	Very High	16.05%	₹2,268.75 cr.
Union Flexi Cap Fund Direct Plan IDCW Reinvestment Equity Flexi Cap Fund	3	Very High	16.05%	₹2,268.75 cr.
Union Flexi Cap Fund Direct Plan IDCW Payout Equity Flexi Cap Fund	3	Very High	16.05%	₹2,268.75 cr.
Union Focused Fund Equity Focused Fund	2.5	Very High	13.88%	₹423.34 cr.
Union Focused Fund Direct Plan IDCW Reinvestment Equity Focused Fund	2.5	Very High	13.88%	₹423.34 cr.
Union Focused Fund Direct Plan IDCW Payout Equity Focused Fund	2.5	Very High	13.88%	₹423.34 cr.
Union Aggressive Hybrid Fund Hybrid Aggressive Hybrid Fund	0	Very High	13%	₹636.88 cr.
Union Aggressive Hybrid Fund Direct Plan IDCW Reinvestment Hybrid Aggressive Hybrid Fund	0	Very High	13%	₹636.88 cr.
Union Aggressive Hybrid Fund Direct Plan IDCW Payout Hybrid Aggressive Hybrid Fund	0	Very High	13%	₹636.88 cr.
Union Largecap Fund Equity Large Cap Fund	1.5	Very High	12.98%	₹438.15 cr.
Union Largecap Fund Direct Plan IDCW Payout Equity Large Cap Fund	1.5	Very High	12.98%	₹438.15 cr.
Union Largecap Fund Direct Plan IDCW Reinvestment Equity Large Cap Fund	1.5	Very High	12.98%	₹438.15 cr.
Union Balanced Advantage Fund Hybrid Dynamic Asset Allocation or Balanced Advantage	4	High	11.17%	₹1,457.11 cr.
Union Balanced Advantage Fund Direct Plan IDCW Reinvestment Hybrid Dynamic Asset Allocation or Balanced Advantage	4	High	11.17%	₹1,457.11 cr.
Union Balanced Advantage Fund Direct Plan IDCW Payout Hybrid Dynamic Asset Allocation or Balanced Advantage	4	High	11.17%	₹1,457.11 cr.
Union Equity Savings Fund Direct Plan IDCW Payout Hybrid Equity Savings	1	Moderate	8%	₹140.34 cr.
Union Equity Savings Fund Hybrid Equity Savings	1	Moderate	8%	₹140.34 cr.
Union Equity Savings Fund Direct Plan IDCW Reinvestment Hybrid Equity Savings	1	Moderate	8%	₹140.34 cr.
Union Arbitrage Fund Hybrid Arbitrage Fund	2	Low	6.63%	₹233.48 cr.
Union Arbitrage Fund Direct Plan IDCW Reinvestment Hybrid Arbitrage Fund	2	Low	6.63%	₹233.48 cr.
Union Arbitrage Fund Direct Plan IDCW Payout Hybrid Arbitrage Fund	2	Low	6.63%	₹233.48 cr.
Union Liquid Fund Direct Plan Weekly IDCW Reinvestment Debt Liquid Fund	3	Moderately Low	6.46%	₹4,336.59 cr.
Union Liquid Fund Debt Liquid Fund	3	Moderately Low	6.45%	₹4,336.59 cr.
Union Liquid Fund Direct Plan Monthly IDCW Reinvestment Debt Liquid Fund	3	Moderately Low	6.45%	₹4,336.59 cr.
Union Liquid Fund Direct Plan Monthly IDCW Payout Debt Liquid Fund	3	Moderately Low	6.45%	₹4,336.59 cr.
Union Liquid Fund Direct Plan Daily IDCW Reinvestment Debt Liquid Fund	3	Moderately Low	6.37%	₹4,336.59 cr.
Union Money Market Fund Direct Plan Monthly IDCW Reinvestment Debt Money Market Fund	0	Moderately Low	6.36%	₹193.27 cr.
Union Money Market Fund Direct Plan Monthly IDCW Payout Debt Money Market Fund	0	Moderately Low	6.36%	₹193.27 cr.
Union Money Market Fund Debt Money Market Fund	0	Moderately Low	6.35%	₹193.27 cr.
Union Overnight Fund Direct Plan Monthly IDCW Reinvestment Debt Overnight Fund	2	Low	5.99%	₹169.64 cr.
Union Overnight Fund Direct Plan Monthly IDCW Payout Debt Overnight Fund	2	Low	5.99%	₹169.64 cr.
Union Overnight Fund Debt Overnight Fund	2	Low	5.98%	₹169.64 cr.
Union Corporate Bond Fund Debt Corporate Bond Fund	1.5	Moderate	5.82%	₹259.62 cr.
Union Corporate Bond Fund Direct Plan IDCW Reinvestment Debt Corporate Bond Fund	1.5	Moderate	5.82%	₹259.62 cr.
Union Corporate Bond Fund Direct Plan IDCW Payout Debt Corporate Bond Fund	1.5	Moderate	5.82%	₹259.62 cr.
Union Medium Duration Fund Debt Medium Duration Fund	0	Moderate	5.3%	₹81.50 cr.
Union Medium Duration Fund Direct Plan IDCW Reinvestment Debt Medium Duration Fund	0	Moderate	5.3%	₹81.50 cr.
Union Medium Duration Fund Direct Plan IDCW Payout Debt Medium Duration Fund	0	Moderate	5.3%	₹81.50 cr.
Union Dynamic Bond Fund Debt Dynamic Bond	1	Moderate	5.13%	₹79.12 cr.
Union Dynamic Bond Fund Direct Plan IDCW Reinvestment Debt Dynamic Bond	1	Moderate	5.13%	₹79.12 cr.
Union Dynamic Bond Fund Direct Plan IDCW Payout Debt Dynamic Bond	1	Moderate	5.13%	₹79.12 cr.
Union Liquid Fund Direct Plan Fortnightly IDCW Reinvestment Debt Liquid Fund	3	Moderately Low	3.73%	₹4,336.59 cr.
Union Liquid Fund Direct Plan Fortnightly IDCW Payout Debt Liquid Fund	3	Moderately Low	3.73%	₹4,336.59 cr.
Union Business Cycle Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	0%	₹573.82 cr.
Union Multicap Fund Direct Plan IDCW Reinvestment Equity Multi Cap Fund	0	Very High	0%	₹1,090.34 cr.
Union Active Momentum Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	0%	₹0.00 cr.
Union Business Cycle Fund Direct Plan IDCW Payout Equity Sectoral / Thematic	0	Very High	0%	₹573.82 cr.
Union Active Momentum Fund Direct Plan Growth Equity Sectoral / Thematic	0	Very High	0%	₹0.00 cr.
Union Active Momentum Fund Direct Plan IDCW Payout Equity Sectoral / Thematic	0	Very High	0%	₹0.00 cr.
Union Multi Asset Allocation Fund Direct Plan IDCW Payout Hybrid Multi Asset Allocation	0	Very High	0%	₹868.47 cr.
Union Multi Asset Allocation Fund Direct Plan IDCW Reinvestment Hybrid Multi Asset Allocation	0	Very High	0%	₹868.47 cr.
Union Multi Asset Allocation Fund Direct Plan Growth Hybrid Multi Asset Allocation	0	Very High	0%	₹868.47 cr.
Union Innovation and Opportunities Fund Direct Plan IDCW Payout Equity Sectoral / Thematic	0	Very High	0%	₹894.19 cr.
Union Innovation and Opportunities Fund Equity Sectoral / Thematic	0	Very High	0%	₹894.19 cr.
Union Innovation and Opportunities Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic	0	Very High	0%	₹894.19 cr.
Union Business Cycle Fund Equity Sectoral / Thematic	0	Very High	0%	₹573.82 cr.
Union Fixed Maturity Plan Series 13 Direct Plan Growth Debt Fixed Maturity Plans	0	Moderately Low	0%	₹24.79 cr.
Union Gilt Fund Debt Gilt Fund	0	Moderate	0%	₹140.36 cr.
Union Gilt Fund Direct Plan Half Yearly IDCW Payout Debt Gilt Fund	0	Moderate	0%	₹140.36 cr.
Union Gilt Fund Direct Plan Half Yearly IDCW Reinvestment Debt Gilt Fund	0	Moderate	0%	₹140.36 cr.
Union Gilt Fund Direct Plan Annual IDCW Payout Debt Gilt Fund	0	Moderate	0%	₹140.36 cr.
Union Gilt Fund Direct Plan Annual IDCW Reinvestment Debt Gilt Fund	0	Moderate	0%	₹140.36 cr.
Union Retirement Fund Solution Oriented Retirement Fund	0	Very High	0%	₹154.02 cr.
Union Retirement Fund Direct Plan IDCW Payout Solution Oriented Retirement Fund	0	Very High	0%	₹154.02 cr.
Union Multicap Fund Equity Multi Cap Fund	0	Very High	0%	₹1,090.34 cr.
Union Multicap Fund Direct Plan IDCW Payout Equity Multi Cap Fund	0	Very High	0%	₹1,090.34 cr.

About Union Mutual Funds

With a vision to be the most reliable and trusted partner to investors and distributors through responsible investing, Union Mutual Funds was started on December 30, 2009. Union Mutual Funds, the investment wing of Union Bank, had access to the bank’s enormous client base.

Union KBC Mutual Fund began as a collaboration of KBC Asset Management NV, a Belgium-based AMC and later went through a few changes and subsequently led to an alliance with Dai-Chi Life, a major financial services company from Japan, in 2017. The Union Bank of India and Dai-ichi Life are the current sponsors of The Union Mutual Fund. As of March 2023, Union AMC operates four different categories like Equity, Debt, Hybrid, and Solution Oriented, that offer 21 investment schemes in both regular and direct plans.

Popularly known as Union Bank or UBI, Union Bank of India is an Indian public sector bank which is headquartered in Mumbai. It has about 120+ million customers as of March 31, 2023. Effective April 2022, it merged with Corporation Bank and Andhra Bank, and the unified merged entity became one of the largest PSU banks in terms of branch network with around 8,500+ branches. It is one of India’s few public sector banks to have successfully implemented 100% networking of its branches.

Dai-ichi Life Holdings, Inc. is a stock company with limited liability, incorporated in Japan in the year 1902 and listed on the Tokyo Stock Exchange. Dai-ichi Life is a financial services holding company that carries out both insurance and non-insurance, including asset management businesses through its subsidiaries and associate companies. Dai-ichi Life operates its asset management business overseas through its group company, Asset Management One Co. Ltd., a global asset management company that serves its customers with high-quality products and services.

Union Mutual Fund Key Information

Founding date	December 30, 2009
AMC Incorporation date	March 23, 2011
Headquarters in	Mumbai
Name of the sponsors	Union Bank of India and Dai-Chi Life Holdings, Inc.
Trustee Organisation	Union Trustee Company Private Limited
MD and CEO	Mr G. Pradeepkumar
Chief Investment Officer	–
Compliance Officer	Ms Padmaja Shirke

Union Mutual Fund Managers

Vinay Paharia

Fund Manager since Mar 2024 (9 months)

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Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai. Before PGIM India Mutual Fund, he worked with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd, and First Global Stock Broking Pvt. Ltd.

Devesh Thacker

Fund Manager since Mar 2019 (5 years)

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Devesh Thacker did his MBA in Finance at Savitribai Phule Pune University and started his career at ASK Financial Services Pvt Ltd and then worked at various firms including Indiabulls, Dolat Capital Market Private Ltd, ICICI Bank and Sahara Mutual Fund before joining Union Asset Management Company and currently is the Fund Manager - Fixed Income.

Parijat Agrawal

Fund Manager since Jul 2022 (2 years)

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Mr. Agrawal has a B.Tech degree from BIT Mesra and MBA from IIM Bangalore. He is currently the Head of Fixed Income at Union Asset Management Company Ltd. Prior to joining Union Mutual Fund, he worked as Head of Fixed Income with SBI Mutual Fund, as Head of Treasury with State Bank of Mauritius ltd. and SUN F&C Asset Management.

Vishal Thakker

Fund Manager since Jan 2019 (5 years)

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Mr. Thakker has been a buy-side trader of equity and derivatives at Union Asset Management since 2017. Earlier, he was a sales trader at Elara Capital and a senior dealer at Emkay Global Financial Services. He obtained his MFM degree from MET Management Institute in Bandra.

Hardick Bora

Fund Manager since Aug 2024 (4 months)

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Hardick Bora, with over 11 years in financial services, currently serves as a Co-Fund Manager since October 25, 2016. His prior roles include positions at Union Asset Management, Motilal Oswal Securities, and Dolat Capital Markets, primarily focusing on pharmaceutical research.

How to Invest in Union Mutual Fund via Angel One?

Investing in Union Mutual Funds, or any mutual fund for that matter, is an easy and hassle-free process when done through your Angel One account. Just take the following steps:

Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.

Note: In case you do not have an account with Angel One, you can open a Demat account with us in under a few minutes by submitting the necessary documents.

Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:

Search for the fund you want to invest in from funds listed by Angel across categories.
Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
Evaluate the fund’s level of risk and weigh it against your risk tolerance.
Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.

You may consider the fund’s expense ratio to get an idea about the cost of investing in it.

Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.

Decide whether you want to invest in a lump sum or via monthly SIP.
Next, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking.
After placing the order, in the case of the SIP route of investment, you can create a mandate to make hassle-free future installments.

You can learn more about the details of each fund from within the Angel One app itself.

Documents Required To Invest in Union Mutual Fund

Investing in Union Mutual Funds through Angel One is a streamlined and fully digital process, ensuring a seamless investment experience. To initiate your investment journey, it is imperative to complete the KYC process, for which you’ll need to furnish the following essential documents:

PAN Card Details (Compulsory)
Personal Information, including Full Name, Mobile Number, and Email Address
Address Proof, with Aadhar Card being the recommended choice, encompassing both its front and back sides.
Bank Account Details, along with a cancelled cheque, if requested.
Nominee details and FATCA Declarations

Angel One simplifies the KYC verification process, granting you swift and efficient access to Union Mutual Funds, whether you’re a new or returning investor. Our user-friendly platform is designed to make your financial goals attainable. You can anticipate your KYC verification to be finalized in just 48-72 business hours, paving the way for you to embark on your mutual fund journey.

Top 10 Union Mutual Funds To Invest in

Name of the Fund	Sub Category	AUM (₹ in crore)	Minimum Investment (₹)	CAGR 3Y (%)	CAGR 5Y (%)
Union Small Cap Fund	Small Cap Fund	1,071.59	1,000	35.45	24.31
Union Midcap Fund	Mid Cap Fund	816.49	1,000	30.61	–
Union Value Discovery Fund	Value Fund	174.12	500	26.26	–
Union Tax Saver (ELSS) Fund	Equity Linked Savings Scheme (ELSS)	695.72	500	24.91	17.25
Union Flexi Cap Fund	Flexi Cap Fund	1,608.78	500	24.24	16.9
Union Large & Midcap Fund	Large & Mid Cap Fund	521.79	1,000	23.92	–
Union Focused Fund	Focused Fund	354.73	1,000	22.3	–
Union Largecap Fund	Large Cap Fund	255.89	1,000	20.88	13.4
Union Balanced Advantage Fund	Balanced Advantage Fund	1,600.24	1,000	12.31	11.47
Union Equity Savings Fund	Equity Savings	120.84	1,000	8.97	8.17

**All data as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

Union Small Cap Fund

Union Small Cap Fund operates as a Small Cap Fund. The fund manages an Asset Under Management (AUM) of ₹1,071.59 crore. With an expense ratio of 1.12%, this fund has demonstrated a Compound Annual Growth Rate (CAGR) of 35.45% over a 3-year period. The minimum investment for this fund is ₹1,000. The fund predominantly invests in companies falling within the small-cap segment.

Union Midcap Fund

Union Midcap Fund functions as a Mid Cap Fund with an AUM of ₹816.49 crore. Its expense ratio stands at 0.75%. Over the past 3 years, it has delivered a CAGR of 30.61%. The minimum investment amount for this fund is ₹1,000. The fund primarily invests in mid-sized companies.

Union Value Discovery Fund

Union Value Discovery Fund operates as a Value Fund and manages an AUM of ₹174.12 crore. It maintains an expense ratio of 1.51%. Over a 3-year period, the fund has shown a CAGR of 26.26%. The minimum investment for this fund is ₹500. The fund mainly focuses on undervalued stocks.

Union Tax Saver (ELSS) Fund

Union Tax Saver (ELSS) Fund is categorised as an Equity Linked Savings Scheme (ELSS) and holds an AUM of ₹695.72 crore. It has an expense ratio of 1.47%. Over the past 3 years, the fund has exhibited a CAGR of 24.91%. The minimum investment amount is ₹500. The fund offers tax-saving benefits while investing in equities.

Union Flexi Cap Fund

Union Flexi Cap Fund operates as a Flexi Cap Fund and has an AUM of ₹1608.78 crore. The fund maintains an expense ratio of 0.91%. It has provided a CAGR of 24.24% over a 3-year period. The minimum investment for this fund is ₹500. The fund has the flexibility to invest across market cap based on market conditions.

Union Large & Midcap Fund

Union Large & Midcap Fund is a Large & Mid Cap Fund with an AUM of ₹521.79 crore and an expense ratio of 1.05%. Over a 3-year period, it has shown a CAGR of 23.92%. The minimum investment amount is ₹1,000. The fund typically invests in a mix of large and mid-sized companies.

Union Focused Fund

Union Focused Fund operates as a Focused Fund and manages an AUM of ₹354.73 crore. The expense ratio for this fund is 1.42%. It has exhibited a CAGR of 22.3% over a 3-year duration. The minimum investment for this fund is ₹1,000. The fund maintains a focused portfolio of select stocks.

Union Largecap Fund

Union Largecap Fund functions as a Large Cap Fund and holds an AUM of ₹255.89 crore. The fund has an expense ratio of 1.72%. Over a 3-year period, it has demonstrated a CAGR of 20.88%. The minimum investment amount is ₹1,000. The fund primarily invests in well-established large-cap companies.

Union Balanced Advantage Fund

Union Balanced Advantage Fund is classified as a Balanced Advantage Fund with an AUM of ₹1600.24 crore. The expense ratio for this fund is 0.8%. Over a 3-year duration, it has shown a CAGR of 12.31%. The minimum investment amount is ₹1,000. The fund dynamically allocates assets based on market conditions to achieve a balance between growth and stability.

Union Equity Savings Fund

Union Equity Savings Fund is categorised as an Equity Savings Fund with an AUM of ₹120.84 crore. The fund maintains an expense ratio of 1.31%. Over a 3-year period, it has provided a CAGR of 8.97%. The minimum investment for this fund is ₹1,000. The fund aims to balance equity exposure with fixed income instruments for potential returns.

Mutual Funds Calculators

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Union Mutual Fund FAQs

How to start Union Mutual Fund SIP online?

You can start investing in Union Mutual Fund SIP online in several ways. One of them is through AMC’s official website. But for a seamless experience, you can do it via Angel One.

Which scheme is the best in Union Mutual Fund?

To determine the best in the Union Mutual Fund, conduct thorough research on the various schemes offered by them. Consider factors such as the scheme's investment objective, costs, historical performance, and risk level to select the one that aligns with your financial goals, risk tolerance, and horizon.

How to redeem Union Mutual Fund online?

For online investments, you can redeem your units in three ways. First, via Angel One App under the Mutual Funds section. Second, by visiting https://www.angelone.in/mutual-funds. Finally, you can also redeem your Union Mutual Fund units by visiting the AMC's website.

Are Union Mutual Fund schemes tax-free?

Not all schemes are tax-free. As with any other ELSS, the one offered by Union Mutual Fund also comes with tax benefits. By investing in Union Mutual Fund’s ELSS Funds, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.

Who owns the Union Mutual Fund?

The Union Mutual Fund is jointly sponsored by the Union Bank of India and Dai-ichi Life. The latter owns a stake of 39.62% in the company.

About Union Mutual Funds

Union Mutual Fund Key Information

Union Mutual Fund Managers

How to Invest in Union Mutual Fund via Angel One?

Documents Required To Invest in Union Mutual Fund