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Mutual FundsUnion Arbitrage Fund Direct Growth
U

Union Arbitrage Fund Direct Growth

37.78%profit5 Year Absolute Returns

as on 03 Nov 2026

2Value Research
Overview
Direct vs Regular
Returns Comparison
Historical Data
Holdings
Fund Details
AMC Details
FAQs

Union Arbitrage Fund Direct Growth is a Hybrid mutual fund scheme launched on 27 Feb 2019.

Scheme Overview

  • Inception Date : 27 Feb 2019
  • AUM : ₹219.69 Cr
  • 5Y Returns (CAGR) : 6.62%
  • Expense Ratio : 1.55%
  • Min. SIP : ₹500
  • Min. Lumpsum : ₹1,000

Returns Calculator

basis annualised returns

Investment Type


SIP Amount


Investment Period

5Y

₹ 32.73 L

3.50%

₹ 36.98 L

8.00%

₹ 35.64 L

6.62%

Savings Account
Regular Funds
This Fund on Dhan

Total Investment

₹ 30,00,000

Returns

₹ 5,64,211 (6.62%)

Maturity Value

₹ 35,64,211

Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.

Direct vs Regular Returns

No data

Sorry, No Data Available at this Moment!

Returns vs Category

No data

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*The above returns are absolute

Returns Vs Nifty 50

Historical Returns

No data

Sorry, No Data Available at this Moment!

SIP Logo

Start SIP with as Low as ₹100.

Historical NAV

10 Days
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
No data

Sorry, No Data Available at this Moment!

Asset Allocation

AUM

₹ 219.69 Cr

Cash Holding

-

Equity

-

Cash

-

Debt

-

Other

-

Sector Holdings

as of 31 May 2026

SectorsWeightage
Other28.86%
Financial Services27.21%
Basic Materials8.64%
Consumer Cyclical7.04%
Industrials5.67%
Communication Services5.16%
Consumer Defensive4.85%
Energy3.67%
Healthcare3.12%
Utilities2.90%
Technology1.81%
Real Estate1.07%

Stock Holdings

as of 31 May 2026

NameWeightage
Cash Offset For Derivatives

C

Cash Offset For Derivatives

71.78%
Union Money Market Dir Gr

U

Union Money Market Dir Gr

16.33%
Treps

T

Treps

6.16%
Bank Of Baroda

B

Bank Of Baroda

5.84%
HDFC Bank

H

HDFC Bank

4.53%
Future on HDFC Bank Ltd

F

Future on HDFC Bank Ltd

4.50%
Future on Max Financial Services Ltd

F

Future on Max Financial Services Ltd

3.34%
Max Financial Services

M

Max Financial Services

3.31%
Future on Reliance Industries Ltd

F

Future on Reliance Industries Ltd

3.26%
Reliance Industries

R

Reliance Industries

3.24%
Future on Bharti Airtel Ltd

F

Future on Bharti Airtel Ltd

2.78%
Bharti Airtel

B

Bharti Airtel

2.76%
Future on Vodafone Idea Ltd

F

Future on Vodafone Idea Ltd

2.35%
Vodafone Idea

V

Vodafone Idea

2.31%
Future on Kotak Mahindra Bank Ltd

F

Future on Kotak Mahindra Bank Ltd

2.27%
Kotak Bank

K

Kotak Bank

2.25%
Future on Bharat Heavy Electricals Ltd

F

Future on Bharat Heavy Electricals Ltd

2.00%
Bharat Heavy Electricals

B

Bharat Heavy Electricals

1.99%
Future on JSW Steel Ltd

F

Future on JSW Steel Ltd

1.91%
Future on Patanjali Foods Ltd

F

Future on Patanjali Foods Ltd

1.89%
JSW Steel

J

JSW Steel

1.89%
Patanjali Foods

P

Patanjali Foods

1.88%
Future on Eternal Ltd

F

Future on Eternal Ltd

1.78%
Eternal

E

Eternal

1.75%
Future on Grasim Industries Ltd

F

Future on Grasim Industries Ltd

1.60%
Tata Steel

T

Tata Steel

1.58%
Future on Tata Steel Ltd.

F

Future on Tata Steel Ltd.

1.58%
Grasim Industries

G

Grasim Industries

1.58%
Future on Cholamandalam Investment and Finance Co Ltd

F

Future on Cholamandalam Investment and Finance Co Ltd

1.52%
Cholamandalam Investment

C

Cholamandalam Investment

1.51%
Future on RBL Bank Ltd

F

Future on RBL Bank Ltd

1.37%
Future on HDFC Life Insurance Co Ltd

F

Future on HDFC Life Insurance Co Ltd

1.36%
RBL Bank

R

RBL Bank

1.36%
Future on State Bank of India

F

Future on State Bank of India

1.35%
HDFC Life Insurance

H

HDFC Life Insurance

1.35%
State Bank of India

S

State Bank of India

1.34%
Future on Axis Bank Ltd

F

Future on Axis Bank Ltd

1.32%
Future on Maruti Suzuki India Ltd

F

Future on Maruti Suzuki India Ltd

1.29%
Axis Bank

A

Axis Bank

1.29%
Future on NTPC Ltd

F

Future on NTPC Ltd

1.28%
Maruti Suzuki

M

Maruti Suzuki

1.27%
NTPC

N

NTPC

1.27%
Power Grid Corporation of India

P

Power Grid Corporation of India

1.25%
Future on Eicher Motors Ltd

F

Future on Eicher Motors Ltd

1.23%
Eicher Motors

E

Eicher Motors

1.21%
Future on Sun Pharmaceuticals Industries Ltd

F

Future on Sun Pharmaceuticals Industries Ltd

1.19%
Sun Pharmaceutical

S

Sun Pharmaceutical

1.17%
Future on Multi Commodity Exchange of India Ltd

F

Future on Multi Commodity Exchange of India Ltd

1.15%
MCX

M

MCX

1.14%
Future on ICICI Bank Ltd

F

Future on ICICI Bank Ltd

1.14%
Future on Bajaj Finance Ltd

F

Future on Bajaj Finance Ltd

1.13%
ICICI Bank

I

ICICI Bank

1.12%
Bajaj Finance

B

Bajaj Finance

1.12%
Future on Adani Ports & Special Economic Zone Ltd

F

Future on Adani Ports & Special Economic Zone Ltd

1.11%
Adani Ports & SEZ

A

Adani Ports & SEZ

1.10%
Future on Larsen & Toubro Ltd

F

Future on Larsen & Toubro Ltd

1.01%
Future on Tata Consumer Products Ltd

F

Future on Tata Consumer Products Ltd

1.00%
Larsen & Toubro

L

Larsen & Toubro

1.00%
Tata Consumer Products

T

Tata Consumer Products

0.99%
Future on Jio Financial Services Ltd

F

Future on Jio Financial Services Ltd

0.96%
Jio Financial Services

J

Jio Financial Services

0.95%
Future on UPL Ltd

F

Future on UPL Ltd

0.95%
UPL

U

UPL

0.94%
Future on IndusInd Bank Ltd

F

Future on IndusInd Bank Ltd

0.91%
Indusind Bank

I

Indusind Bank

0.90%
Future on Apollo Hospitals Enterprise Ltd

F

Future on Apollo Hospitals Enterprise Ltd

0.90%
Future on Hindalco Industries Ltd

F

Future on Hindalco Industries Ltd

0.89%
Apollo Hospitals

A

Apollo Hospitals

0.89%
Hindalco Industries

H

Hindalco Industries

0.88%
Future on Bajaj Finserv Ltd

F

Future on Bajaj Finserv Ltd

0.87%
Bajaj Finserv

B

Bajaj Finserv

0.86%
Future on Tata Motors Passenger Vehicles Ltd

F

Future on Tata Motors Passenger Vehicles Ltd

0.85%
Tata Motors Passenger Vehicles

T

Tata Motors Passenger Vehicles

0.84%
Future on BSE Ltd

F

Future on BSE Ltd

0.84%
BSE

B

BSE

0.83%
Future on ITC Ltd

F

Future on ITC Ltd

0.82%
ITC

I

ITC

0.81%
Future on Tata Consultancy Services Ltd

F

Future on Tata Consultancy Services Ltd

0.81%
Tata Consultancy Services

T

Tata Consultancy Services

0.80%
Future on Hindustan Unilever Ltd

F

Future on Hindustan Unilever Ltd

0.77%
Hindustan Unilever

H

Hindustan Unilever

0.77%
Future on Solar Industries India Ltd

F

Future on Solar Industries India Ltd

0.76%
Solar Industries

S

Solar Industries

0.75%
Future on Ambuja Cements Ltd

F

Future on Ambuja Cements Ltd

0.74%
Ambuja Cements

A

Ambuja Cements

0.74%
Future on DLF Ltd

F

Future on DLF Ltd

0.71%
DLF

D

DLF

0.70%
Future on Aditya Birla Capital Ltd

F

Future on Aditya Birla Capital Ltd

0.70%
Aditya Birla Capital

A

Aditya Birla Capital

0.70%
Power Grid Corporation of India Ltd.

P

Power Grid Corporation of India Ltd.

0.67%
Future on InterGlobe Aviation Ltd

F

Future on InterGlobe Aviation Ltd

0.63%
Future on Cipla Ltd

F

Future on Cipla Ltd

0.63%
Cipla

C

Cipla

0.63%
Interglobe Aviation

I

Interglobe Aviation

0.63%
Future on Titan Co Ltd

F

Future on Titan Co Ltd

0.62%
Titan

T

Titan

0.62%
Future on Power Grid Corp Of India Ltd

F

Future on Power Grid Corp Of India Ltd

0.60%
Future on Waaree Energies Ltd

F

Future on Waaree Energies Ltd

0.59%
Waaree Energies

W

Waaree Energies

0.59%
Future on CG Power & Industrial Solutions Ltd

F

Future on CG Power & Industrial Solutions Ltd

0.55%
CG Power & Industrial Solutions

C

CG Power & Industrial Solutions

0.55%
Future on Yes Bank Ltd

F

Future on Yes Bank Ltd

0.54%
Future on Sammaan Capital Ltd

F

Future on Sammaan Capital Ltd

0.54%
Yes Bank

Y

Yes Bank

0.53%
Sammaan Capital

S

Sammaan Capital

0.53%
Future on Mahindra & Mahindra Ltd

F

Future on Mahindra & Mahindra Ltd

0.53%
Mahindra & Mahindra

M

Mahindra & Mahindra

0.53%
Future on Shriram Finance Ltd

F

Future on Shriram Finance Ltd

0.49%
Shriram Finance

S

Shriram Finance

0.48%
Future on Divi's Laboratories Ltd

F

Future on Divi's Laboratories Ltd

0.45%
Divis Laboratories

D

Divis Laboratories

0.44%
Future on HDFC Asset Management Co Ltd

F

Future on HDFC Asset Management Co Ltd

0.44%
HDFC AMC

H

HDFC AMC

0.43%
Future on Bank of Baroda

F

Future on Bank of Baroda

0.43%
Future on Coforge Ltd

F

Future on Coforge Ltd

0.42%
Bank of Baroda

B

Bank of Baroda

0.42%
Coforge

C

Coforge

0.42%
Future on Bharat Electronics Ltd

F

Future on Bharat Electronics Ltd

0.42%
Future on Amber Enterprises India Ltd Ordinary Shares

F

Future on Amber Enterprises India Ltd Ordinary Shares

0.41%
Net Receivable / Payable

N

Net Receivable / Payable

0.41%
Bharat Electronics

B

Bharat Electronics

0.41%
Amber Enterprises

A

Amber Enterprises

0.41%
Future on Bharat Forge Ltd

F

Future on Bharat Forge Ltd

0.41%
Bharat Forge

B

Bharat Forge

0.40%
Future on United Spirits Ltd

F

Future on United Spirits Ltd

0.40%
United Spirits

U

United Spirits

0.40%
Future on Adani Energy Solutions Ltd

F

Future on Adani Energy Solutions Ltd

0.38%
Adani Energy Solutions

A

Adani Energy Solutions

0.38%
Future on Lodha Developers Ltd

F

Future on Lodha Developers Ltd

0.37%
Lodha Developers

L

Lodha Developers

0.37%
Future on Oil & Natural Gas Corp Ltd

F

Future on Oil & Natural Gas Corp Ltd

0.30%
Oil & Natural Gas Corporation

O

Oil & Natural Gas Corporation

0.30%
Future on ICICI Lombard General Insurance Co Ltd

F

Future on ICICI Lombard General Insurance Co Ltd

0.24%
ICICI Lombard General Insurance

I

ICICI Lombard General Insurance

0.24%
Future on UltraTech Cement Ltd

F

Future on UltraTech Cement Ltd

0.14%
UltraTech Cement

U

UltraTech Cement

0.14%
Future on Hindustan Petroleum Corp Ltd

F

Future on Hindustan Petroleum Corp Ltd

0.13%
Hindustan Petroleum

H

Hindustan Petroleum

0.13%
09/07/2026 Maturing 364 DTB

0

09/07/2026 Maturing 364 DTB

0.12%
Future on APL Apollo Tubes Ltd

F

Future on APL Apollo Tubes Ltd

0.11%
APL Apollo Tubes

A

APL Apollo Tubes

0.11%
Indus Towers Ltd. 30-Jun-26

I

Indus Towers Ltd. 30-Jun-26

0.09%
Indus Towers

I

Indus Towers

0.09%
Future on NMDC Ltd

F

Future on NMDC Ltd

0.05%
NMDC

N

NMDC

0.05%
Nestle

N

Nestle

0.00%
SBI Life Insurance

S

SBI Life Insurance

0.00%
TVS Motors

T

TVS Motors

0.00%
UNO Minda

U

UNO Minda

0.00%
Max Healthcare Institute

M

Max Healthcare Institute

0.00%
Asian Paints

A

Asian Paints

0.00%

Fund Comparison

Fund Details

52W High NAV

₹ 15.8084


Min. SIP Amount

₹ 500.00


Min. Lumpsum Amount

₹ 1,000.00


AUM (in Cr.)

₹ 219.69


Expense Ratio

1.55%


Lock-in Period

No Lock in Period


52W Low NAV

₹ 14.8219


Inception Date

27 Feb 2019


Fund Age

7 Yrs


Benchmark

Nifty 50 Arbitrage TRI


Scheme Type

Open Ended


Stamp Duty

0.005% (from July 1st 2020)


Exit Load

  • Exit load of 0.25% if redeemed within 1 months.

Tax Implication

  • If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%

Fund Managers

NameQualification
Devesh Thacker
B.Com, M.B.A
Vishal Thakker
Master Finance Management

Fund Objective

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.

Risk-O-Meter

Investors understand that their principal will be at

Low Risk

Risk Scale

Low

Moderately Low

Moderate

Moderately High

High

Very High

AMC Information

Union Mutual Fund

No. of Schemes

29

Total AUM

₹ 28,433.93 Cr

Contact Details

phone022-67483300
address

Unit 503, 5th Floor, Leeela BusinessPark, Andheri Kurla Road,Andheri (East), Mumbai - 400059

FAQs

Union Arbitrage Fund was launched on 27 Feb 2019.
The current NAV of Union Arbitrage Fund is ₹15.8174 as of 03 Nov 2026.
The latest value of AUM of Union Arbitrage Fund is ₹219.69 crores as of 03 Nov 2026.
The return on investment of Union Arbitrage Fund is:
  • In the past 1Y: 6.82%
  • In the past 3Y: 7.23%
  • In the past 5Y: 6.62%
The expense ratio of Union Arbitrage Fund is 1.55%.
The exit load of Union Arbitrage Fund is as follows:
Exit load of 0.25% if redeemed within 1 months.
The portfolio of Union Arbitrage Fund includes:
  1. HDFC Bank: 4.53%
  2. Max Financial Services: 3.31%
  3. Reliance Industries: 3.24%
  4. Bharti Airtel: 2.76%
  5. Vodafone Idea: 2.31%

Top 3 sectoral holdings include:
  1. Others: 172.43%
  2. Financial Services: 27.21%
  3. Basic Materials: 8.64%
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Union Arbitrage Fund is Low.
The fund manager of Union Arbitrage Fund is Devesh Thacker, Vishal Thakker.
If you wish to invest in Union Arbitrage Fund, the minimum SIP amount is ₹500 and Lumpsum is ₹1,000.
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in Union Arbitrage Fund:
  • Open Demat Account on Dhan if you don't have one.
  • Analyze the fund performance.
  • Invest via SIP or Lumpsum.
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