MonitorDirect · GrowthWatch before adding
Union Corporate Bond Fund
Union Mutual FundDebt Scheme - Corporate Bond Fund8.4 years
The scheme seeks to achieve long term capital appreciation by investing substantially in a portfolio of corporate debt securities.
- NAV
- 16.4242
- 28 Oct 2026
- 1Y
- +2.7%
- Trailing CAGR
- AUM
- ₹284.04 Cr
- 30 Sept 2026
- Volatility
- Low
- 2.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Aditya Birla Sun Life Corporate Bond Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.4 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.41% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -5.7%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Shrenuj Parekh · 3.3 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 59.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.7%
- 3Y+6.6%
- 5Y+5.7%
- 10Yn/a
- SI+6.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.2%
- 3Y+5.3%
- 5Y+5.9%
- 10Yn/a
- Since inception
- +6.1%
- Calendar-day CAGR
- Excess 1Y
- -1.1%
- Category median, same plan and option
- 3Y win rate
- +0%
- Windows beating the median
- 3Y percentile
- 9
- Vs comparable share classes
- SIP 3Y XIRR
- +5.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.0%
- 1313 daily-ending windows
- Median rolling 3Y
- +6.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 826 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -5.7%
- Worst peak-to-trough
- Current
- -1.1%
- Below last peak
- Current spell
- 75 days
- Days below latest peak
- Time below peak
- +55%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 183 recovered episodes
- Longest recovery
- 141 days
- Trough to prior peak
3 Jun 2019 – 29 Oct 2019
Trough 10 Jun 2019 · recovered in 141 days
-5.7%
6 Mar 2020 – 20 Apr 2020
Trough 23 Mar 2020 · recovered in 28 days
-3.7%
8 Jan 2021 – 28 Apr 2021
Trough 16 Mar 2021 · recovered in 43 days
-1.8%
5 Apr 2022 – 17 Aug 2022
Trough 6 May 2022 · recovered in 103 days
-1.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
9
Vs category
43
Consistency
10
Risk-adjusted
29
Drawdown
86
Mean
35
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
- AUM fell by 30% or more versus the prior observation.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 24 holdings · top 10 are 59.2%.
- Top 5
- 40.0%
- Top 10
- 59.2%
- Largest holding
- 10.0%
- Effective holdings
- 18.3
GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100
Entities
10.0%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 6.74 BD 10JN29 FVRS1LAC
Financial
8.9%
BAJAJ HOUSING FINANCE LIMITED 7.08 NCD 12JU30 FVRS1LAC
Financial
8.5%
Repo
Unspecified
7.4%
KOTAK MAHINDRA PRIME LIMITED 7.781 NCD 17SP29 FVRS1LAC
Financial
5.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Corporate Bond Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.1%
- 3Y
- +6.7%
- Vol
- 1.4%
- Max DD
- -2.4%
- Sharpe
- 1.42
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
BANDHAN Corporate Bond Fund
Bandhan Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.0%
- Vol
- 1.7%
- Max DD
- -3.5%
- Sharpe
- 0.77
- 3Y win
- +11%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
DSP Corporate Bond Fund
DSP Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.4%
- Vol
- 1.6%
- Max DD
- -3.2%
- Sharpe
- 0.79
- 3Y win
- +10%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI Prudential Corporate Bond Fund
ICICI Prudential Mutual Fund
- 1Y
- +4.1%
- 3Y
- +7.0%
- Vol
- 1.2%
- Max DD
- -2.0%
- Sharpe
- 1.73
- 3Y win
- +77%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Nippon India Corporate Bond Fund
Nippon India Mutual Fund
- 1Y
- +3.9%
- 3Y
- +7.3%
- Vol
- 1.1%
- Max DD
- -1.7%
- Sharpe
- 1.68
- 3Y win
- +53%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns