MonitorDirect · GrowthWatch before adding
Union Ultra Short to Short Term Fund
Union Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund1.3 years
- NAV
- 10.7163
- 29 Oct 2026
- 1Y
- +5.3%
- Trailing CAGR
- AUM
- ₹228.42 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 29 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 Edelweiss Ultra Short to Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
1.3 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.26% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.3%. 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 ≈ 98.7% 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+5.3%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+5.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.2%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +5.4%
- Calendar-day CAGR
- Excess 1Y
- -0.5%
- 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
- -0.3%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 16 days
- Days below latest peak
- Time below peak
- +37%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 32 recovered episodes
- Longest recovery
- 13 days
- Trough to prior peak
8 May 2026 – 1 Jun 2026
Trough 21 May 2026 · recovered in 11 days
-0.3%
6 Jul 2026 – 21 Jul 2026
Trough 8 Jul 2026 · recovered in 13 days
-0.2%
23 Sept 2026 – 5 Oct 2026
Trough 25 Sept 2026 · recovered in 10 days
-0.1%
13 Oct 2026 – open
Trough 22 Oct 2026 · not recovered
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
34
Vs category
47
Consistency
0
Risk-adjusted
0
Drawdown
99
Mean
36
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.
- 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 · 11 holdings · top 10 are 98.7%.
- Top 5
- 60.7%
- Top 10
- 98.7%
- Largest holding
- 17.2%
- Effective holdings
- 9.0
Repo
Unspecified
17.2%
JAMNAGAR UTILITIES & POWER PRIVATE LIMITED SR PPD7 7.90 LOA 10AG28 FVRS1LAC
Industrials
10.9%
TATA CAPITAL HOUSING FINANCE LIMITED SR B 7.123 NCD 21JL27 FVRS1LAC
Financial
10.9%
POWER FINANCE CORPORATION LIMITED SR 259A 6.96 BD 02MR28 FVRS1LAC
Financial
10.8%
REC LIMITED SR 248A 6.52 BD 31JN28 FVRS1LAC
Financial
10.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Ultra Short to Short Term Fund
Edelweiss Mutual Fund
- 1Y
- +5.9%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.2%
- Sharpe
- 1.30
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Franklin India Ultra Short to Short Term Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.0%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.1%
- Sharpe
- 2.03
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund)
Sundaram Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.2%
- Vol
- 0.5%
- Max DD
- -0.2%
- Sharpe
- 1.75
- 3Y win
- +53%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND - Weekly Option
Baroda BNP Paribas Mutual Fund
- 1Y
- +6.0%
- 3Y
- +7.2%
- Vol
- 0.5%
- Max DD
- -0.6%
- Sharpe
- 1.84
- 3Y win
- +81%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown
HSBC Ultra Short to Short Term Fund
HSBC Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.7%
- Vol
- 0.8%
- Max DD
- -0.2%
- Sharpe
- 2.14
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER