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Mutual fundsSIF

Union Arbitrage Fund - Direct Plan - IDCW

NAVs of 8 Nov 2026

Union Mutual Fund · Hybrid fund · Direct plan · IDCW

ArbitrageDirect · IDCWRisk: Low Risk.
NAV · 6 Nov 2026
₹15.4447 ▲ 0.17%
Union Mutual Fund
Fund size₹233 crJuly - September 2026
1-month range₹15.34 – 15.44
1 year+6.72%
Expense ratio1.65%direct plan, a year
5 years+6.63%a year

What the fund does

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. However, there is no assurance that the Investment Objective of the scheme will be achieved.

BenchmarkNIFTY 50 Arbitrage Index# #Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Formerly Indian Index Services & Products Limited) (IISL). NSE Indices Limited does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in the “the Product” linked to NIFTY 50 Arbitrage Indexor particularly in the ability of the NIFTY 50 Arbitrage Index, to track general stock market performance in India. Please read the full Disclaimer in relation to the NIFTY 50 Arbitrage Index in the Scheme Information Document.
Launched20 Feb 2019
Fund houseUnion Mutual Fund
Fund managersFM 1 Mr. Vishal ThakkerFM 2 Mr. Devesh Thacker

NAV history

151515 2026-08-122026-08-252026-09-072026-09-212026-10-052026-10-162026-10-30

Returns

1 week
+0.25%avg 0.2%
1 month
+0.57%avg 0.5%
3 months
+1.70%avg 1.6%
6 months
+3.44%avg 3.2%
This year
+5.72%avg 5.6%
1 year
+6.72%avg 6.7%
3 years (a year)
+7.21%avg 7.2%
5 years (a year)
+6.63%avg 6.7%

Bars: this plan; the thin mark is the Arbitrage average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024+0.6
2025+0.8+0.5+0.7+0.6+0.4+0.5+0.5+0.5+0.4+0.6+0.5+0.6
2026+0.6+0.4+0.6+0.4+0.1+0.9+0.7+0.4+0.7+0.5+0.3

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 31 Oct 2026

Stocks held84175 lines in all
Top 10 stocks19.9%of the fund
Short positions-73.9%sold through derivatives
Net equity11.4%long stocks and derivatives minus shorts

Where the money is

Equity 73.5%Derivatives (long) 11.8%Money market 6.5%Cash & others 8.3%Short -73.9%

Sectors (stocks held)

Banks
10.8%
IT - Software
7.1%
Finance
5.6%
Capital Markets
4.3%
Petroleum Products
4.1%
Pharmaceuticals & Biotechnology
3.9%
Automobiles
3.6%
Insurance
3.5%

Credit quality (debt and money market)

A1+
6.4%
Sovereign
0.1%

Changes since 30 Sept 2026

Share of fund31 Oct 202630 Sept 2026Change
Stocks held73.5%70.6%+2.95
Short positions-73.9%-70.8%-3.07
Derivatives (long)11.8%0.0%+11.76
Money market6.5%6.9%-0.42
Cash & others8.3%22.6%-14.29
Top 10 stocks19.9%22.9%-3.08
Number of stocks8477+7
New stocks 20
  • Tata Consultancy Services Ltd.2.37%
  • 360 ONE WAM Ltd.2.14%
  • HCL Technologies Ltd.1.76%
  • Eternal Ltd.0.94%
  • Sona Blw Precision Forgings Ltd.0.90%
  • Grasim Industries Ltd.0.87%
  • Tube Investments of India Ltd.0.83%
  • Max Healthcare Institute Ltd.0.80%
  • SRF Ltd.0.79%
  • AnandRathi Wealth Ltd.0.68%
  • Ashok Leyland Ltd.0.60%
  • Ather Energy Ltd.0.54%
  • Trent Ltd.0.47%
  • Aurobindo Pharma Ltd.0.44%
  • Voltas Ltd.0.44%
  • Bandhan Bank Ltd.0.43%
  • ICICI Life Insurance Ltd.0.43%
  • LIC Housing Finance Ltd.0.39%
  • Radico Khaitan Ltd.0.29%
  • Laurus Labs Ltd.0.27%
Stocks sold off 13
  • Apollo Hospitals Enterprise Ltd.was 0.98%
  • Mahindra & Mahindra Ltd.was 0.94%
  • Cholamandalam Investment & Finance Co. Ltd.was 0.92%
  • Bharat Heavy Electricals Ltd.was 0.89%
  • Polycab India Ltd.was 0.82%
  • Ambuja Cements Ltd.was 0.69%
  • Hero MotoCorp Ltd.was 0.68%
  • Zydus Lifesciences Ltd.was 0.48%
  • Kalyan Jewellers India Ltd.was 0.48%
  • RBL Bank Ltd.was 0.47%
  • Nestle India Ltd.was 0.30%
  • JSW Energy Ltd.was 0.17%
  • Container Corporation of India Ltd.was 0.03%
Bought more 8
  • Bharat Petroleum Corporation Ltd.+1.24
  • Tech Mahindra Ltd.+0.97
  • Max Financial Services Ltd.+0.68
  • IndusInd Bank Ltd.+0.57
  • HDFC Bank Ltd.+0.53
  • Shriram Finance Ltd.+0.44
  • Power Grid Corporation of India Ltd.+0.43
  • Multi Commodity Exchange of India Ltd.+0.40
Cut back 10
  • Patanjali Foods Ltd.-3.35
  • Tata Steel Ltd.-1.49
  • ICICI Bank Ltd.-0.83
  • PB Fintech Ltd.-0.76
  • BSE Ltd.-0.68
  • Kotak Mahindra Bank Ltd.-0.54
  • Eicher Motors Ltd.-0.51
  • One 97 Communications Ltd.-0.45
  • Vodafone Idea Ltd.-0.30
  • L&T Finance Ltd.-0.25

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 84

HoldingSector / type% of fund
Reliance Industries Ltd.
INE002A01018		Petroleum Products2.83%
Tata Consultancy Services Ltd.
INE467B01029		IT - Software2.37%
HDFC Bank Ltd.
INE040A01034		Banks2.33%
360 ONE WAM Ltd.
INE466L01038		Capital Markets2.14%
Vodafone Idea Ltd.
INE669E01016		Telecom - Services2.06%
UPL Ltd.
INE628A01036		Fertilizers & Agrochemicals1.90%
HCL Technologies Ltd.
INE860A01027		IT - Software1.76%
JSW Steel Ltd.
INE019A01038		Ferrous Metals1.72%
State Bank of India
INE062A01020		Banks1.38%
ICICI Bank Ltd.
INE090A01021		Banks1.36%
PB Fintech Ltd.
INE417T01026		Financial Technology (Fintech)1.34%
Max Financial Services Ltd.
INE180A01020		Insurance1.33%
Axis Bank Ltd.
INE238A01034		Banks1.29%
Bharat Petroleum Corporation Ltd.
INE029A01011		Petroleum Products1.27%
Tech Mahindra Ltd.
INE669C01036		IT - Software1.26%
Kotak Mahindra Bank Ltd.
INE237A01036		Banks1.24%
Infosys Ltd.
INE009A01021		IT - Software1.24%
Bajaj Finance Ltd.
INE296A01032		Finance1.22%
Shriram Finance Ltd.
INE721A01047		Finance1.21%
Adani Ports and Special Economic Zone Ltd.
INE742F01042		Transport Infrastructure1.18%
Tata Consumer Products Ltd.
INE192A01025		Agricultural Food & other Products1.08%
The Federal Bank Ltd.
INE171A01029		Banks1.03%
Sun Pharmaceutical Industries Ltd.
INE044A01036		Pharmaceuticals & Biotechnology1.03%
TVS Motor Company Ltd.
INE494B01023		Automobiles1.02%
IndusInd Bank Ltd.
INE095A01012		Banks0.94%
Hindalco Industries Ltd.
INE038A01020		Non - Ferrous Metals0.94%
Eternal Ltd.
INE758T01015		Retailing0.94%
Bharti Airtel Ltd.
INE397D01024		Telecom - Services0.94%
Sona Blw Precision Forgings Ltd.
INE073K01018		Auto Components0.90%
ITC Ltd.
INE154A01025		Diversified FMCG0.90%
Interglobe Aviation Ltd.
INE646L01027		Transport Services0.89%
NTPC Ltd.
INE733E01010		Power0.89%
One 97 Communications Ltd.
INE982J01020		Financial Technology (Fintech)0.88%
Grasim Industries Ltd.
INE047A01021		Cement & Cement Products0.87%
L&T Finance Ltd.
INE498L01015		Finance0.86%
Jio Financial Services Ltd.
INE758E01017		Finance0.86%
Multi Commodity Exchange of India Ltd.
INE745G01043		Capital Markets0.84%
Tube Investments of India Ltd.
INE974X01010		Auto Components0.83%
Eicher Motors Ltd.
INE066A01021		Automobiles0.82%
Titan Company Ltd.
INE280A01028		Consumer Durables0.81%
Max Healthcare Institute Ltd.
INE027H01010		Healthcare Services0.80%
SRF Ltd.
INE647A01010		Chemicals & Petrochemicals0.79%
Steel Authority of India Ltd.
INE114A01011		Ferrous Metals0.79%
Power Grid Corporation of India Ltd.
INE752E01010		Power0.79%
Bharat Forge Ltd.
INE465A01025		Auto Components0.78%
Larsen & Toubro Ltd.
INE018A01030		Construction0.77%
Hindustan Unilever Ltd.
INE030A01027		Diversified FMCG0.70%
SBI Life Insurance Co. Ltd.
INE123W01016		Insurance0.70%
AnandRathi Wealth Ltd.
INE463V01026		Capital Markets0.68%
Divi's Laboratories Ltd.
INE361B01024		Pharmaceuticals & Biotechnology0.68%
Maruti Suzuki India Ltd.
INE585B01010		Automobiles0.64%
Delhivery Ltd.
INE148O01028		Transport Services0.63%
BSE Ltd.
INE118H01025		Capital Markets0.61%
Ashok Leyland Ltd.
INE208A01029		Agricultural, Commercial & Construction Vehicles0.60%
Life Insurance Corporation of India
INE0J1Y01017		Insurance0.58%
Jindal Steel Ltd.
INE749A01030		Ferrous Metals0.58%
Torrent Pharmaceuticals Ltd.
INE685A01028		Pharmaceuticals & Biotechnology0.58%
Patanjali Foods Ltd.
INE619A01035		Agricultural Food & other Products0.56%
Ultratech Cement Ltd.
INE481G01011		Cement & Cement Products0.55%
Coal India Ltd.
INE522F01014		Consumable Fuels0.55%
Ather Energy Ltd.
INE0LEZ01016		Automobiles0.54%
Bajaj Auto Ltd.
INE917I01010		Automobiles0.54%
Biocon Ltd.
INE376G01013		Pharmaceuticals & Biotechnology0.53%
Bajaj Finserv Ltd.
INE918I01026		Finance0.52%
HDFC Life Insurance Company Ltd.
INE795G01014		Insurance0.50%
Trent Ltd.
INE849A01020		Retailing0.47%
Coforge Ltd.
INE591G01025		IT - Software0.46%
Aurobindo Pharma Ltd.
INE406A01037		Pharmaceuticals & Biotechnology0.44%
Voltas Ltd.
INE226A01021		Consumer Durables0.44%
Bandhan Bank Ltd.
INE545U01014		Banks0.43%
ICICI Life Insurance Ltd.
INE726G01019		Insurance0.43%
Bank of Baroda
INE028A01039		Banks0.39%
Bharat Electronics Ltd.
INE263A01024		Aerospace & Defense0.39%
LIC Housing Finance Ltd.
INE115A01026		Finance0.39%
Cipla Ltd.
INE059A01026		Pharmaceuticals & Biotechnology0.38%
Yes Bank Ltd.
INE528G01035		Banks0.37%
Tata Steel Ltd.
INE081A01020		Ferrous Metals0.36%
Adani Energy Solutions Ltd.
INE931S01010		Power0.36%
Muthoot Finance Ltd.
INE414G01012		Finance0.35%
Radico Khaitan Ltd.
INE944F01028		Beverages0.29%
Laurus Labs Ltd.
INE947Q01028		Pharmaceuticals & Biotechnology0.27%
Manappuram Finance Ltd.
INE522D01027		Finance0.23%
NMDC Ltd.
INE584A01023		Minerals & Mining0.20%
Hindustan Aeronautics Ltd.
INE066F01020		Aerospace & Defense0.16%

Short positions 86

HoldingSector / type% of fund
Tata Consultancy Services Ltd. 23.11.2026IT - Software-2.38%
HDFC Bank Ltd. 23.11.2026Banks-2.33%
360 ONE WAM Ltd. 23.11.2026Capital Markets-2.15%
Vodafone Idea Ltd. 23.11.2026Telecom - Services-2.06%
UPL Ltd. 23.11.2026Fertilizers & Agrochemicals-1.92%
HCL Technologies Ltd. 23.11.2026IT - Software-1.77%
JSW Steel Ltd. 23.11.2026Ferrous Metals-1.73%
Reliance Industries Ltd. 23.11.2026Petroleum Products-1.58%
State Bank of India 29.12.2026Banks-1.39%
ICICI Bank Ltd. 23.11.2026Banks-1.36%
PB Fintech Ltd. 23.11.2026Financial Technology (Fintech)-1.35%
Max Financial Services Ltd. 23.11.2026Insurance-1.34%
Axis Bank Ltd. 23.11.2026Banks-1.29%
Reliance Industries Ltd. 29.12.2026Petroleum Products-1.28%
Bharat Petroleum Corporation Ltd. 23.11.2026Petroleum Products-1.28%
Tech Mahindra Ltd. 23.11.2026IT - Software-1.27%
Kotak Mahindra Bank Ltd. 23.11.2026Banks-1.24%
Infosys Ltd. 23.11.2026IT - Software-1.23%
Bajaj Finance Ltd. 23.11.2026Finance-1.23%
Shriram Finance Ltd. 23.11.2026Finance-1.22%
Adani Ports and Special Economic Zone Ltd. 29.12.2026Transport Infrastructure-1.19%
Tata Consumer Products Ltd. 23.11.2026Agricultural Food & other Products-1.08%
The Federal Bank Ltd. 23.11.2026Banks-1.04%
Sun Pharmaceutical Industries Ltd. 23.11.2026Pharmaceuticals & Biotechnology-1.04%
TVS Motor Company Ltd. 23.11.2026Automobiles-1.03%
IndusInd Bank Ltd. 23.11.2026Banks-0.95%
Hindalco Industries Ltd. 23.11.2026Non - Ferrous Metals-0.95%
Eternal Ltd. 23.11.2026Retailing-0.94%
Bharti Airtel Ltd. 23.11.2026Telecom - Services-0.94%
Sona Blw Precision Forgings Ltd. 23.11.2026Auto Components-0.91%
Interglobe Aviation Ltd. 23.11.2026Transport Services-0.89%
One 97 Communications Ltd. 23.11.2026Financial Technology (Fintech)-0.88%
NTPC Ltd. 23.11.2026Power-0.88%
Grasim Industries Ltd. 23.11.2026Cement & Cement Products-0.87%
L&T Finance Ltd. 23.11.2026Finance-0.87%
Jio Financial Services Ltd. 23.11.2026Finance-0.86%
Multi Commodity Exchange of India Ltd. 23.11.2026Capital Markets-0.84%
Tube Investments of India Ltd. 23.11.2026Auto Components-0.83%
Eicher Motors Ltd. 23.11.2026Automobiles-0.82%
Titan Company Ltd. 23.11.2026Consumer Durables-0.82%
Max Healthcare Institute Ltd. 23.11.2026Healthcare Services-0.81%
SRF Ltd. 23.11.2026Chemicals & Petrochemicals-0.80%
Steel Authority of India Ltd. 23.11.2026Ferrous Metals-0.80%
Bharat Forge Ltd. 23.11.2026Auto Components-0.79%
Power Grid Corporation of India Ltd. 23.11.2026Power-0.78%
Larsen & Toubro Ltd. 23.11.2026Construction-0.76%
SBI Life Insurance Co. Ltd. 23.11.2026Insurance-0.71%
Hindustan Unilever Ltd. 23.11.2026Diversified FMCG-0.70%
AnandRathi Wealth Ltd. 23.11.2026Capital Markets-0.69%
Divi's Laboratories Ltd. 23.11.2026Pharmaceuticals & Biotechnology-0.68%
Maruti Suzuki India Ltd. 23.11.2026Automobiles-0.65%
Delhivery Ltd. 23.11.2026Transport Services-0.64%
BSE Ltd. 23.11.2026Capital Markets-0.61%
Ashok Leyland Ltd. 23.11.2026Agricultural, Commercial & Construction Vehicles-0.60%
Life Insurance Corporation of India 29.12.2026Insurance-0.59%
Torrent Pharmaceuticals Ltd. 23.11.2026Pharmaceuticals & Biotechnology-0.58%
Jindal Steel Ltd. 23.11.2026Ferrous Metals-0.58%
Patanjali Foods Ltd. 23.11.2026Agricultural Food & other Products-0.56%
Ultratech Cement Ltd. 23.11.2026Cement & Cement Products-0.56%
Coal India Ltd. 29.12.2026Consumable Fuels-0.55%
Ather Energy Ltd. 23.11.2026Automobiles-0.54%
Bajaj Auto Ltd. 23.11.2026Automobiles-0.54%
Biocon Ltd. 23.11.2026Pharmaceuticals & Biotechnology-0.54%
Bajaj Finserv Ltd. 29.12.2026Finance-0.53%
ITC Ltd. 29.12.2026Diversified FMCG-0.51%
HDFC Life Insurance Company Ltd. 23.11.2026Insurance-0.50%
Trent Ltd. 23.11.2026Retailing-0.48%
Coforge Ltd. 23.11.2026IT - Software-0.47%
Aurobindo Pharma Ltd. 23.11.2026Pharmaceuticals & Biotechnology-0.44%
Bandhan Bank Ltd. 23.11.2026Banks-0.44%
Voltas Ltd. 23.11.2026Consumer Durables-0.44%
ICICI Life Insurance Ltd. 29.12.2026Insurance-0.43%
ITC Ltd. 23.11.2026Diversified FMCG-0.40%
Bank of Baroda 23.11.2026Banks-0.40%
LIC Housing Finance Ltd. 23.11.2026Finance-0.39%
Bharat Electronics Ltd. 23.11.2026Aerospace & Defense-0.39%
Cipla Ltd. 23.11.2026Pharmaceuticals & Biotechnology-0.38%
Yes Bank Ltd. 23.11.2026Banks-0.37%
Tata Steel Ltd. 23.11.2026Ferrous Metals-0.36%
Adani Energy Solutions Ltd. 23.11.2026Power-0.36%
Muthoot Finance Ltd. 23.11.2026Finance-0.35%
Radico Khaitan Ltd. 23.11.2026Beverages-0.30%
Laurus Labs Ltd. 23.11.2026Pharmaceuticals & Biotechnology-0.27%
Manappuram Finance Ltd. 23.11.2026Finance-0.23%
NMDC Ltd. 23.11.2026Minerals & Mining-0.20%
Hindustan Aeronautics Ltd. 23.11.2026Aerospace & Defense-0.16%

Derivatives, debt, money market and cash 5

HoldingSector / type% of fund
Union Money Market Fund - Direct Plan - Growth Option
INF582M01HG5		Mutual Fund11.76%
Bank of Baroda
INE028A16LS0		IND A1+6.35%
TREPS–6.09%
Net Receivable / Payable–2.19%
91 Day Treasury Bills
IN002026X255		Sovereign0.11%

From the fund house's monthly portfolio (unionmf.com), as on 31 Oct 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility1.5%yearly, from daily NAVs
Worst fall-0.95%28 Feb 2020 → 31 Mar 2020
RiskometerLow Risk.Low Risk.

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 28 Feb 2019).

Where it can invest (limits from the scheme document)

Equity and Equity related instruments (as part of hedged / arbitrage exposure)*
65–90%
of net assets; Debt and Money Market Instruments including margin money deployed for derivatives transactions**
10–35%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)₹233 cr across all plans · this plan ₹0.10 cr
Fund houseUnion Mutual Fund
CategoryHybrid · Arbitrage
PlanDirect
OptionIDCW
Expense ratio (TER)Direct 1.65% · Regular 2.29% (6 Nov 2026)
Exit load0.25% if units are redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil if units are redeemed or switched out after completion of 1 month from the date of allotment of units
Minimum investment₹1,000 · additional ₹1,000
Scheme code (AMFI)146296
ISININF582M01EU3
NAV date6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Direct · Growth₹15.8202+6.73%
Regular · Growth₹15.1624+6.08%
Regular · IDCW₹14.8050+6.08%

Top Arbitrage funds (direct plans)

Fund1 year3 years (a year)
Invesco India Arbitrage Fund+6.91%+7.48%
Kotak Arbitrage Fund+6.80%+7.46%
ADITYA BIRLA SUN LIFE ARBITRAGE FUND+6.78%+7.43%
Edelweiss Arbitrage Fund+6.70%+7.40%
UTI - Arbitrage Fund+6.63%+7.32%
Nippon India Arbitrage Fund+6.76%+7.31%
ICICI Prudential Arbitrage Fund+6.68%+7.31%
BANDHAN Arbitrage Fund+6.52%+7.30%

All Arbitrage funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Union Arbitrage Fund - Direct Plan - IDCW today?

₹15.4447 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Union Arbitrage Fund - Direct Plan - IDCW?

1 year: 6.72%, 3 years: 7.21% a year, 5 years: 6.63% a year

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.