Union Liquid Fund
Union Mutual Fund · Liquid · Regular plan, growth option
NAV (₹), 1 Oct 2026
2,713.4299
1-day change
0.02%
1Y return
6.4%
3Y CAGR
6.9%
5Y CAGR
6.3%
Max drawdown, 5Y
0.0%
NAV history month-end NAV, ₹ · 15 Jun 2011 to 4 Oct 2026
Returns vs Liquid median (48 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.4% |
| 3 months | 1.5% | 1.5% |
| 6 months | 3.2% | 3.2% |
| Year to date | 4.9% | 4.9% |
| 1 year | 6.4% | 6.4% |
| 3 years (CAGR) | 6.9% | 6.8% |
| 5 years (CAGR) | 6.3% | 6.2% |
| 7 years (CAGR) | 5.6% | 5.6% |
| 10 years (CAGR) | 5.6% | 6.0% |
| Since first NAV (CAGR) | 6.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.9% | 7.0% |
| 3Y rolling median | 6.9% | 6.9% |
| 3Y rolling worst | 3.8% | 4.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 6.0% | 6.9% |
| 5Y rolling worst | 4.4% | 5.1% |
| 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.) | 0.3% | 0.3% |
| Sharpe ratio | 0.52 | 0.34 |
| Sortino ratio | 0.66 | 0.42 |
| 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 | −3.3% | −0.2% |
| Maximum drawdown, last 10Y | −3.3% | −0.2% |
| Maximum drawdown, last 5Y | 0.0% | 0.0% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | 180 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.17% a year and the Direct plan's 0.07%, a gap of 0.10%; over the last 3 years the Direct plan returned 0.10 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹2,73,550.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Devesh Thacker | comanage | 15 Jun 2011 |
| Parijat Agrawal | comanage | 18 Jun 2021 |
Objective: To provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved.
Stated asset allocation: Investment in only debt and money market securities with residual maturity up to 91 calendar days: 0% - 100% of net assets Please refer the Scheme Information Document for complete details.
Benchmark (tier 1): CRISIL Liquid Debt A-I Index . CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRISIL). CRISIL Indices shall not be copied, transmitted or distributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices.
Exit load: Investor Exit upon subscription - Exit load as a % of redemption proceeds Day 1 - 0.0070% Day 2 - 0.0065% Day 3 - 0.0060% Day 4 - 0.0055% Day 5 - 0.0050% Day 6 - 0.0045% Day 7 onwards - 0.0000%
Minimum application: ₹5,000
Allotment date: 15 Jun 2011
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.17% | 0.26% |
| AUM, whole scheme (₹ crore) | 5,014 | 4,912 |
| Riskometer | Low to Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.4% | 6.2% TRI |
| Return, 3 years (AMFI) | 6.8% | 6.8% TRI |
| Return, 5 years (AMFI) | 6.3% | 6.3% TRI |
| Month-ends above category median (3Y CAGR) | 49% | 46% median |
| Month-ends in category top quartile (3Y) | 43% | 7% median |
| 7Y rolling CAGR, median (monthly windows) | 5.6% | 6.4% median |
Official benchmark: CRISIL Liquid Debt A-I Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Liquid Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.9% | n/a | – |
| 2025 | 6.5% | n/a | – |
| 2024 | 7.4% | n/a | – |
| 2023 | 7.1% | n/a | – |
| 2022 | 4.8% | n/a | – |
| 2021 | 3.3% | n/a | – |
| 2020 | 4.3% | n/a | – |
| 2019 | 6.4% | n/a | – |
| 2018 | 3.6% | n/a | – |
| 2017 | 6.5% | 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 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,261 | 6.5% |
| 3 years | ₹3,60,000 | ₹3,98,285 | 6.6% |
| 5 years | ₹6,00,000 | ₹7,10,574 | 6.7% |
| 10 years | ₹12,00,000 | ₹16,21,988 | 5.9% |
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: Liquid
Plan / option: Regular · Growth
AMFI scheme code: 115398
ISIN: INF582M01013
First NAV in MFIC data: 15 Jun 2011
History: 15.3 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| BARODA BNP PARIBAS LIQUID FUND | Liquid | 0.99 | 6.8% |
| Canara Robeco Liquid Fund | Liquid | 0.99 | 6.9% |
| Bajaj Finserv Liquid Fund | Liquid | 0.99 | 6.8% |
| ICICI Prudential Liquid Fund - | Liquid | 0.99 | 6.8% |
| BANK OF INDIA LIQUID FUND | Liquid | 0.99 | 6.9% |
| BANDHAN LIQUID Fund | Liquid | 0.99 | 6.8% |
Questions about Union Liquid Fund
- What is the latest NAV of Union Liquid Fund?
- The NAV of the Regular plan (growth option) was ₹2,713.4299 on 1 Oct 2026, as published by AMFI.
- Which category is Union Liquid Fund in?
- It is classified as Liquid in AMFI's daily NAV file; a Liquid scheme invests in securities maturing in up to 91 days. MFIC compares it with 48 Liquid schemes (Regular plans).
- What returns has Union Liquid Fund delivered?
- Over one year the NAV changed by 6.4%. The 3-year CAGR is 6.9% (category median 6.8%) and the 5-year CAGR is 6.3% (category median 6.2%). 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 6.9%, the lowest was 3.8%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Union Liquid Fund's NAV?
- The largest peak-to-trough fall in its available history was 3.3%; within the last five years it was 0.0% (category median 0.0%).
- How volatile is Union Liquid Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.3%, which is below the Liquid category median of 0.3%.
- What would a monthly SIP in Union Liquid 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 ₹7,10,574 on 1 Oct 2026, an annualised return (XIRR) of 6.7%. 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 expense ratio (TER) of Union Liquid Fund?
- The total expense ratio of the Regular plan is 0.17% a year, as disclosed to AMFI (median of Liquid Regular plans: 0.26%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Union Liquid Fund?
- Assets under management of the whole scheme were ₹5,014 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Union Liquid Fund?
- AMFI lists the scheme's riskometer as “Low to Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Union Liquid Fund and how has it compared?
- Its official benchmark is the CRISIL Liquid Debt A-I Index. Over 3 years AMFI reports a return of 6.8% for this plan against 6.8% for the benchmark total return index; over 5 years 6.3% against 6.3%. Past performance does not indicate future results.
- How often has Union Liquid Fund beaten its category?
- At 49% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Liquid schemes (Regular plans); it was in the top quarter at 43% of them. A typical scheme would show about 50%.
- Who manages Union Liquid Fund?
- According to its Scheme Summary Document, Union Liquid Fund is managed by Devesh Thacker (since 15 Jun 2011), Parijat Agrawal (since 18 Jun 2021).
- What is the exit load of Union Liquid Fund?
- As stated in its scheme documents: Investor Exit upon subscription - Exit load as a % of redemption proceeds Day 1 - 0.0070% Day 2 - 0.0065% Day 3 - 0.0060% Day 4 - 0.0055% Day 5 - 0.0050% Day 6 - 0.0045% Day 7 onwards - 0.0000% Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Union Liquid Fund?
- The minimum application amount is ₹5,000. SIP details: SIP - Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIPSTP - Rs. 100 for all frequencies SWP - Rs. 500 for all frequencies.
- 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 6.5% and the Regular plan's by 6.4%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 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.