MonitorDirect · GrowthWatch before adding
Union Liquid Fund
Union Mutual FundDebt Scheme - Liquid Fund13.8 years
The scheme seeks to provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities.
- NAV
- 2,761.3251
- 1 Nov 2026
- 1Y
- +6.5%
- Trailing CAGR
- AUM
- ₹5,014.29 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 1 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Franklin India Liquid Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.07% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.3%. Ask whether you can hold through a similar fall.
Vs category
Watch
41% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Parijat Agrawal · 5.4 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
Pass
Top 10 holdings ≈ 28.6% 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+6.5%
- 3Y+6.9%
- 5Y+6.4%
- 10Y+5.7%
- SI+6.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Y+6.7%
- 5Y+6.8%
- 10Y+6.0%
- Since inception
- +6.5%
- Calendar-day CAGR
- Excess 1Y
- +0.0%
- Category median, same plan and option
- 3Y win rate
- +41%
- Windows beating the median
- 3Y percentile
- 61
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.9%
- 3925 daily-ending windows
- Median rolling 3Y
- +5.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 3195 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.3%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +4%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 15 recovered episodes
- Longest recovery
- 176 days
- Trough to prior peak
13 Sept 2018 – 13 Mar 2019
Trough 18 Sept 2018 · recovered in 176 days
-3.3%
17 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-0.2%
15 Jul 2013 – 21 Jul 2013
Trough 16 Jul 2013 · recovered in 5 days
-0.1%
23 Jul 2013 – 28 Jul 2013
Trough 24 Jul 2013 · recovered in 4 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
61
Vs category
50
Consistency
44
Risk-adjusted
0
Drawdown
92
Mean
50
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
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Three-year return is above the category median.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 73 holdings · top 10 are 28.6%.
- Top 5
- 16.6%
- Top 10
- 28.6%
- Largest holding
- 3.9%
- Effective holdings
- 46.3
BANK OF BARODA CD 15DEC26
Financial
3.9%
GOVERNMENT OF INDIA 37861 091 DAYS TBILL 27NV26 FV RS 100
Financial
3.8%
HDFC BANK LIMITED CD 13NOV26
Financial
3.0%
HDFC Bank Ltd.**
Financial
2.9%
Alembic Pharmaceuticals Ltd.**
Healthcare
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Franklin India Liquid Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.5%
- 3Y
- +6.9%
- Vol
- 0.2%
- Max DD
- -0.2%
- Sharpe
- -4.45
- 3Y win
- +86%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
PGIM India Liquid Fund
PGIM India Mutual Fund
- 1Y
- +6.5%
- 3Y
- +6.9%
- Vol
- 0.2%
- Max DD
- -0.1%
- Sharpe
- -8.82
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Aditya Birla Sun Life Liquid Fund- Discipline Advantage Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.2%
- Vol
- n/a
- Max DD
- -0.2%
- Sharpe
- n/a
- 3Y win
- +96%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
BANDHAN LIQUID Fund - Unclaimed Less than 3 years
Bandhan Mutual Fund
- 1Y
- +6.4%
- 3Y
- +6.9%
- Vol
- 0.2%
- Max DD
- -0.2%
- Sharpe
- -9.77
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns
Edelweiss Liquid Fund
Edelweiss Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.0%
- Vol
- n/a
- Max DD
- -0.2%
- Sharpe
- n/a
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER