ReviewDirect · GrowthPrefer peers first
Union Gilt Fund
Union Mutual FundDebt Scheme - Gilt Fund4.2 years
The scheme seeks to generate income through investment in a portfolio comprising of government securities of various maturities.
- NAV
- 12.2234
- 29 Oct 2026
- 1Y
- -1.0%
- Trailing CAGR
- AUM
- ₹81.29 Cr
- 31 Aug 2026
- Volatility
- Low
- 3.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer PGIM India Gilt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
4.2 years - usable, still building a track record.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.65% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -6.5%. 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
Anindya Sarkar · 4.3 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 ≈ 100.0% 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
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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-1.0%
- 3Y+4.6%
- 5Yn/a
- 10Yn/a
- SI+4.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.2%
- 3Y+1.8%
- 5Yn/a
- 10Yn/a
- Since inception
- +4.8%
- Calendar-day CAGR
- Excess 1Y
- -2.9%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +1.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.4%
- 291 daily-ending windows
- Median rolling 3Y
- +5.9%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -6.5%
- Worst peak-to-trough
- Current
- -3.7%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +80%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 79 recovered episodes
- Longest recovery
- 89 days
- Trough to prior peak
28 May 2025 – 30 Jun 2026
Trough 2 Apr 2026 · recovered in 89 days
-6.5%
14 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-4.2%
2 Jul 2026 – 13 Aug 2026
Trough 23 Jul 2026 · recovered in 21 days
-1.7%
13 Sept 2022 – 11 Nov 2022
Trough 26 Sept 2022 · recovered in 46 days
-1.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
32
Consistency
0
Risk-adjusted
11
Drawdown
84
Mean
25
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 5 holdings · top 10 are 100.0%.
- Top 5
- 97.2%
- Top 10
- 100.0%
- Largest holding
- 37.2%
- Effective holdings
- 3.2
7.71% GOI 18-May-2066
Entities
37.2%
GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100
Entities
35.5%
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100
Entities
20.1%
Repo
Unspecified
4.9%
Net Receivables
Unspecified
2.3%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
PGIM India Gilt Fund
PGIM India Mutual Fund
- 1Y
- +0.9%
- 3Y
- +6.0%
- Vol
- 2.8%
- Max DD
- -3.2%
- Sharpe
- 0.40
- 3Y win
- +8%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bajaj Finserv Gilt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +3.8%
- 3Y
- n/a
- Vol
- 3.3%
- Max DD
- -3.9%
- Sharpe
- -0.47
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
JM G-Sec Fund - (Direct) Annual
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.73
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
JM G-Sec Fund - (Direct) Half Yearly
JM Financial Asset Management Limited
- 1Y
- +13.0%
- 3Y
- +7.2%
- Vol
- 4.4%
- Max DD
- -5.2%
- Sharpe
- 0.73
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
JM G-Sec Fund - Annual
JM Financial Asset Management Limited
- 1Y
- +12.2%
- 3Y
- +6.4%
- Vol
- 4.4%
- Max DD
- -5.6%
- Sharpe
- 0.55
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility