Union Arbitrage Fund
Union Mutual Fund · Arbitrage · Regular plan, growth option
NAV (₹), 2 Oct 2026
15.0559
1-day change
-0.03%
1Y return
6.0%
3Y CAGR
6.6%
5Y CAGR
5.9%
Max drawdown, 5Y
−0.6%
NAV history month-end NAV, ₹ · 27 Feb 2019 to 1 Oct 2026
Returns vs Arbitrage median (41 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.2% | 0.2% |
| 3 months | 1.4% | 1.3% |
| 6 months | 3.0% | 2.9% |
| Year to date | 4.4% | 4.4% |
| 1 year | 6.0% | 6.0% |
| 3 years (CAGR) | 6.6% | 6.6% |
| 5 years (CAGR) | 5.9% | 6.0% |
| 7 years (CAGR) | 5.4% | 5.5% |
| 10 years (CAGR) | n/a | 5.7% |
| Since first NAV (CAGR) | 5.5% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 5.7% | 6.3% |
| 3Y rolling median | 5.5% | 6.3% |
| 3Y rolling worst | 3.7% | 3.9% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.3% | 5.6% |
| 5Y rolling worst | 5.0% | 4.8% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.6% | 0.6% |
| Sharpe ratio | -0.25 | -0.26 |
| Sortino ratio | -0.31 | -0.32 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.6% | −0.6% |
| Maximum drawdown, last 10Y | n/a | −0.6% |
| Maximum drawdown, last 5Y | −0.6% | −0.5% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.4% | n/a | – |
| 2025 | 6.0% | n/a | – |
| 2024 | 7.6% | n/a | – |
| 2023 | 7.0% | n/a | – |
| 2022 | 3.7% | n/a | – |
| 2021 | 3.7% | n/a | – |
| 2020 | 4.5% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,766 | 5.9% |
| 3 years | ₹3,60,000 | ₹3,95,342 | 6.2% |
| 5 years | ₹6,00,000 | ₹7,03,860 | 6.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Union Mutual Fund
Category: Arbitrage
Plan / option: Regular · Growth
AMFI scheme code: 146294
ISIN: INF582M01EW9
First NAV in MFIC data: 27 Feb 2019
History: 7.6 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| HSBC Arbitrage Fund | Arbitrage | 0.97 | 6.5% |
| Bajaj Finserv Arbitrage Fund | Arbitrage | 0.97 | 6.2% |
| Edelweiss Arbitrage Fund | Arbitrage | 0.96 | 6.7% |
| DSP Arbitrage fund | Arbitrage | 0.96 | 6.5% |
| ICICI Prudential Arbitrage Fund | Arbitrage | 0.96 | 6.7% |
| Tata Arbitrage Fund | Arbitrage | 0.96 | 6.6% |
Questions about Union Arbitrage Fund
- What is the latest NAV of Union Arbitrage Fund?
- The NAV of the Regular plan (growth option) was ₹15.0559 on 2 Oct 2026, as published by AMFI.
- Which category is Union Arbitrage Fund in?
- It is classified as Arbitrage in AMFI's daily NAV file; a Arbitrage scheme holds largely hedged equity arbitrage positions. MFIC compares it with 41 Arbitrage schemes (Regular plans).
- What returns has Union Arbitrage Fund delivered?
- Over one year the NAV changed by 6.0%. The 3-year CAGR is 6.6% (category median 6.6%) and the 5-year CAGR is 5.9% (category median 6.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 5.5%, the lowest was 3.7%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Union Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.6%; within the last five years it was 0.6% (category median 0.5%).
- How volatile is Union Arbitrage Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.6%, which is above the Arbitrage category median of 0.6%.
- What would a monthly SIP in Union Arbitrage Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,03,860 on 2 Oct 2026, an annualised return (XIRR) of 6.3%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.6% and the Regular plan's by 6.0%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.