Union Ultra Short to Short Term Fund Direct Growth

Union Ultra Short to Short Term Fund Direct Growth

Debt

Union Mutual Fund

Low Duration

Get the latest NAV of Union Ultra Short to Short Term Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹10.66

NAV as on 28 Aug 2026

5.91%/per year

Since Inception

Absolute Gain%

▲▼

3 people have invested ₹ 5K in Union Ultra Short to Short Term Fund in the last three months

Union Ultra Short to Short Term Fund Performance vs. Low Duration Index

Fund returns vs Benchmark returns vs Category Average returns as on (28-Aug-26)

The fund has outperformed the benchmark (Low Duration Index) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.46%
2.08%
2.91%
5.94%
--
--
Low Duration Index
0.44%
1.81%
2.61%
5.36%
5.94%
6.68%
Low Duration Avg
0.41%
1.85%
2.67%
5.57%
6.96%
6.2%
Best in Low Duration
0.6%
2.29%
3.32%
6.49%
7.89%
7.5%
Worst in Low Duration
0.45%
1.98%
2.94%
5.9%
7.15%
6.33%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Union Ultra Short to Short Term Fund
-
344Cr
0.21%
5.94%
-
--
--
--
--
--
Nippon India Low Duration Fund
1/18
7,804Cr
0.39%
6.47%
7.49%
-0.11
1.31
1.58
4.23
0.73
UTI Low Duration Fund
2/18
2,386Cr
0.33%
6.29%
7.29%
-0.30
1.29
1.27
3.11
-0.26
Aditya Birla Sun Life Low Duration Fund
3/18
9,914Cr
0.36%
6.25%
7.41%
-0.22
1.37
1.40
3.39
0.36
See all

Union Ultra Short to Short Term Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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Total Investment

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Profit

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Absolute Return
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Union Ultra Short to Short Term Fund Asset Allocation

See fund asset allocation details as on (15-Aug-26)

Fund Distribution

as on (15-Aug-26)

AAA
91.4%
AA
8.6%
Cash allocation has gone up from 37.4% to 54.2%
Cash allocation has gone up from 37.4% to 54.2%
Debt allocation has gone down from 61.7% to 45.1%
Debt allocation has gone down from 61.7% to 45.1%

Union Ultra Short to Short Term Fund Sector Allocation

See fund sector allocation details as on (15-Aug-26)

Sector Allocation

Corporate
65.5%
Cash Equivalent
18.7%
Government
15.8%

Top 2 Sectors in July were Corporate, Government

Jul'26

Corporate

69%

Government

7%

Jun'26

Corporate

69%

Government

7%

Union Ultra Short to Short Term Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.21%
Benchmark
NIFTY Low Duration Debt Idx A-I TR INR
AUM₹344 Cr
Inception Date16 July, 2025
Min Lumpsum/SIP₹1,000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Low to Moderate Risk

About Union Ultra Short to Short Term Fund

Union Ultra Short to Short Term Fund Direct Growth is a debt fund. This fund was started on 16 July, 2025. The fund is managed by Devesh Thacker, Anindya Sarkar. This fund is suitable to keep your money safe.

Key Parameters

  1. Union Ultra Short to Short Term Fund has ₹344 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Union Ultra Short to Short Term Fund has given a CAGR return of 5.91% since inception. Over the last 1 year the fund has given a CAGR return of 5.94%.

Holdings

Union Ultra Short to Short Term Fund has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Jamnagar Utilities & Power Private Limited, Rec Limited, National Bank For Agriculture And Rural Development, Bajaj Finance Limited, Tata Capital Housing Finance Limited

Taxation

As it is a low duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Union Ultra Short to Short Term Fund

The Investment objective of the scheme is 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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Union Ultra Short to Short Term Fund has no lock in period.

Fund Manager

Devesh Thacker

Fund Manager of Union Ultra Short to Short Term Fund, since 16 July 2025

Anindya Sarkar

Fund Manager of Union Ultra Short to Short Term Fund, since 1 August 2025

Learn more about Union Mutual Fund
Parameters
Jul'26
Jun'26
May'26
AUM
₹ 343.6 Cr
₹ 324.1 Cr
₹ 546.8 Cr
  • AUM of the fund stands at 343.6 Cr as of Jul'26
  • AUM increased by 19.4 Cr between Jul'26 and Jun'26

Frequently Asked Questions for Union Ultra Short to Short Term Fund Direct Growth

How do I invest in Union Ultra Short to Short Term Fund?

INDmoney makes it simple to invest in the Union Ultra Short to Short Term Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Union Ultra Short to Short Term Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Union Ultra Short to Short Term Fund?

The NAV of the fund today is ₹10.66. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Union Ultra Short to Short Term Fund fund has generated a return of 5.94% in 1 year

Who is the fund manager of Union Ultra Short to Short Term Fund?

The fund managers are Devesh Thacker, Anindya Sarkar.

What is the expense ratio of the fund?

The expense ratio is 0.21%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹344 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Union Ultra Short to Short Term Fund?

The top 3 holdings of the fund are Jamnagar Utilities & Power Private Limited(6.89%), Rec Limited(6.86%), National Bank For Agriculture And Rural Development(6.85%)