MonitorDirect · GrowthWatch before adding
Union Short Term Fund
Union Mutual FundIncome/Debt Oriented Schemes - Ultra Short Term Fund1.7 years
- NAV
- 11.0471
- 27 Oct 2026
- 1Y
- +3.8%
- Trailing CAGR
- AUM
- ₹110.78 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.2% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 27 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 Franklin India Ultra Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
1.7 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.35% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.5%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
n/a
Manager not listed.
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 ≈ 92.2% 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+3.8%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+5.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +5.9%
- Calendar-day CAGR
- Excess 1Y
- -2.5%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- 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
- -0.5%
- Worst peak-to-trough
- Current
- -0.4%
- Below last peak
- Current spell
- 18 days
- Days below latest peak
- Time below peak
- +56%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 42 recovered episodes
- Longest recovery
- 45 days
- Trough to prior peak
11 Mar 2026 – 9 Apr 2026
Trough 2 Apr 2026 · recovered in 7 days
-0.5%
6 Jun 2025 – 3 Jul 2025
Trough 13 Jun 2025 · recovered in 20 days
-0.5%
8 May 2026 – 2 Jun 2026
Trough 21 May 2026 · recovered in 12 days
-0.4%
9 Oct 2026 – open
Trough 23 Oct 2026 · not recovered
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
31
Vs category
34
Consistency
17
Risk-adjusted
26
Drawdown
99
Mean
41
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
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- 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 · 13 holdings · top 10 are 92.2%.
- Top 5
- 53.5%
- Top 10
- 92.2%
- Largest holding
- 18.0%
- Effective holdings
- 10.3
Repo
Unspecified
18.0%
INDIAN OIL CORPORATION LIMITED SR XXVII 7.25 NCD 06JN30 FVRS1LAC
Energy & Utilities
9.0%
JIO CREDIT LIMITED SR II 7.08 NCD 26MY28 FVRS1LAC
Financial
8.9%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 6.74 BD 10JN29 FVRS1LAC
Financial
8.8%
REC LIMITED SR 255 7.17 BD 01JL31 FVRS1LAC
Financial
8.8%
What changed
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
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Franklin India Ultra Short Term Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.3%
- 3Y
- n/a
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 2.81
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Ultra Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.2%
- Vol
- 0.5%
- Max DD
- -0.5%
- Sharpe
- 0.80
- 3Y win
- +85%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mirae Asset Ultra Short-Term Fund
Mirae Asset Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 0.92
- 3Y win
- +95%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.2%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 2.52
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Ultra Short Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.4%
- Vol
- 0.7%
- Max DD
- -1.2%
- Sharpe
- 2.76
- 3Y win
- +100%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown