Union Mutual Fund – Schemes, Performance, Returns 2025
Union Mutual Fund offers a range of schemes across equity, debt and hybrid categories, designed to suit different financial goals and risk preferences. As a fund house backed by Union Bank of India, it follows a research-oriented approach and focuses on long-term value creation.
List of Top Union Mutual Funds for 2025
Here are the top Union MFs in India for 2025, sorted as per their AUM.
| Name | AUM | NAV | Absolute Returns - 3M | Absolute Returns - 1Y | CAGR 3Y | CAGR 5Y | Expense Ratio | Exit Load | Volatility |
|---|---|---|---|---|---|---|---|---|---|
| Union Liquid Fund | 5008.4 | 2604.1 | 1.5 | 6.7 | 7.1 | 5.8 | 0.1 | 0.0 | 0.1 |
| Union Flexi Cap Fund | 2338.3 | 58.5 | 3.9 | 6.0 | 16.3 | 19.0 | 0.9 | 1.0 | 12.8 |
| Union Small Cap Fund | 1790.2 | 55.6 | 3.4 | 1.6 | 19.9 | 26.0 | 1.0 | 1.0 | 19.4 |
| Union Midcap Fund | 1620.0 | 53.1 | 3.7 | 8.2 | 21.6 | 25.2 | 0.7 | 1.0 | 16.4 |
| Union Balanced Advantage Fund | 1374.0 | 22.5 | 3.7 | 7.8 | 11.8 | 10.9 | 1.0 | 1.0 | 7.3 |
| Union Multicap Fund | 1335.8 | 17.1 | 5.4 | 6.7 | 0.0 | 0.0 | 0.9 | 1.0 | 14.4 |
| Union Innovation & Opp Fund | 1130.8 | 15.0 | 3.0 | 3.4 | 0.0 | 0.0 | 0.7 | 1.0 | 19.0 |
| Union Large & Midcap Fund | 945.3 | 28.3 | 3.5 | 6.8 | 17.1 | 19.4 | 1.0 | 1.0 | 14.3 |
| Union ELSS Tax Saver Fund | 921.5 | 73.1 | 4.1 | 6.4 | 16.2 | 19.4 | 1.4 | 0.0 | 13.3 |
| Union Multi Asset Allocation Fund | 777.9 | 11.8 | 9.1 | 18.4 | 0.0 | 0.0 | 1.0 | 1.0 | 8.8 |
| Union Aggressive Hybrid Fund | 679.6 | 19.6 | 3.8 | 7.9 | 14.2 | 0.0 | 1.3 | 1.0 | 9.9 |
| Union Low Duration Fund | 671.2 | 10.2 | 1.7 | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | 0.3 |
Disclaimer: Please note that the above list of the Union mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of the best Union funds is from 27th November 2025. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: Union Asset Management Limited
- Plan: Growth
- AUM: Sorted from highest to lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Overview of Top Union Mutual Funds
Union Liquid Fund
Union Liquid Fund is a low-risk debt fund designed to provide liquidity and deliver returns better than those of traditional savings accounts. It invests primarily in short-term money market instruments, offering investors a safe and stable option for parking funds while maintaining liquidity for immediate financial needs.
Union Flexi Cap Fund
Union Flexi Cap Fund is a dynamic equity fund that invests across large, mid, and small-cap stocks, providing diversified exposure to the Indian stock market. It aims to generate long-term capital appreciation by actively managing asset allocation in response to market conditions and opportunities.
Union Small Cap Fund
Union Small Cap Fund invests in small-cap stocks, aiming for long-term capital appreciation. While it offers higher growth potential, the fund also carries greater risk due to the volatility of smaller companies, making it suitable for risk-tolerant investors.
Union Midcap Fund
Union Midcap Fund invests primarily in mid-cap stocks, targeting companies with strong growth potential. This fund offers a balance of risk and reward, aiming for long-term capital appreciation by investing in emerging businesses poised for growth, making it ideal for investors seeking a middle ground between large- and small-cap stocks.
Union Balanced Advantage Fund
The Union Balanced Advantage Fund is a hybrid fund that dynamically allocates between equity and debt based on market conditions. It seeks to balance capital growth and stability, offering investors a diversified option with lower risk during market volatility.
Union Multicap Fund
Union Multicap Fund invests across large, mid, and small-cap stocks, providing a well-rounded exposure to the Indian equity market. The fund aims to generate long-term capital appreciation by maintaining a diversified portfolio, enabling investors to benefit from growth opportunities across sectors and market segments.
Union Innovation & Opportunities Fund
Union Innovation & Opportunities Fund focuses on investing in sectors with high growth potential, such as technology, innovation, and emerging industries. It aims to generate long-term capital appreciation by identifying and capitalising on evolving trends, making it suitable for investors looking for exposure to disruptive growth opportunities.
Union Large & Midcap Fund
Union Large & Midcap Fund invests in a mix of large and mid-cap stocks, providing a balanced approach to equity investing. The fund seeks long-term capital appreciation by focusing on stable, well-established companies alongside promising mid-cap firms with strong growth potential, offering a diversified risk-return profile.
Union ELSS Tax Saver Fund
Union ELSS Tax Saver Fund is an equity-linked savings scheme that offers tax benefits under Section 80C of the Income Tax Act. It primarily invests in a diversified portfolio of equities, aiming for long-term capital appreciation while providing tax-saving opportunities for eligible investors.
Union Multi Asset Allocation Fund
Union Multi Asset Allocation Fund is a hybrid fund that invests across multiple asset classes, including equities, debt, and gold. The fund aims to provide diversification and reduce risk by balancing investments in various asset types, offering investors a potential for long-term growth with lower volatility.
Key Information About Union Asset Management
| Parameters | Details |
| AMC Name | Union Asset Management Company Pvt Ltd (AMC for Union Mutual Fund) |
| Incorporation Date | 30 December 2009 |
| Mutual Fund Launch / Fund House Effective Date | 23 March 2011 |
| Sponsors | Union Bank of India & Dai‑ichi Life Holdings, Inc |
| Head-Office Address | Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai 400059 |
| Custodian | SBI‑SG Global Securities Services Private Limited |
| Registrar & Transfer Agent (RTA) | Computer Age Management Services Ltd. (CAMS) |
| Auditors | S.R. Batliboi & Co. LLP – for mutual fund schemes; RAKCHAMPS & Co. LLP – for AMC |
| Website | https://www.unionmf.com |
| Contact / Investor Care Email | investorcare@unionmf.com |
| Typical Investment Modes Offered | Lumpsum and SIP (via website or authorised platforms) |
How to invest in Union Mutual Funds?
You can easily start to invest in Union mutual funds by following these steps:
- To invest in the best Union mutual funds, you can visit a mutual fund investment platform such as smallcase.
- The next step is to research and identify the Union mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.
However, if you’re confused about which stocks to pick, you can explore smallcases:
- smallcases are readymade model portfolios of stocks/ETFs, that are based on a theme idea or strategy
- They’re created and managed by SEBI-registered investment experts (also known as smallcase managers)
- smallcase offers over 500+ stock portfolios, created by 200+ managers
Here are a few popular smallcases among new investors:
Disclosures for aforementioned smallcases
Top Fund Managers of Union
Gaurav Chopra
Gaurav Chopra manages equity strategies at Union Mutual Fund and focuses on research-driven stock selection. His role involves evaluating companies based on fundamentals, growth potential and valuation trends. He contributes to portfolio construction and monitoring, aiming to maintain consistency in investment style across market phases.
Sanjay Bembalkar
Sanjay Bembalkar oversees the equity investment framework and portfolio strategy. He brings experience in market research, active fund management and sector analysis. His work includes guiding investment decisions, risk assessment and ensuring the equity portfolio aligns with Union AMC’s disciplined investment approach and long-term objectives.
Pratik Dharmshi
Pratik Dharmshi manages equity portfolios, focusing on identifying opportunities across market capitalisations and sectors. He applies a research-led methodology, evaluating business models, financial performance and market trends. His responsibilities include stock selection, portfolio execution, and monitoring in response to changing economic and sector conditions.
Vinod Malviya
Vinod Malviya manages equity schemes with an emphasis on market research and data-backed analysis. His role includes evaluating companies for long-term potential, monitoring portfolio risks and ensuring alignment with the fund’s investment mandate. He supports disciplined stock selection and portfolio rebalancing in response to market developments.
Shrenuj Parekh
Shrenuj Parekh supports the fixed income investment team by analysing interest rate movements, macroeconomic indicators and credit quality. His responsibilities include portfolio structuring, monitoring duration strategies and maintaining risk controls. He contributes to ensuring fixed income schemes operate within regulatory and mandate-based frameworks.
Vishal Thakker
Vishal Thakker manages trade execution and supports the implementation of equity strategy. His work includes coordinating with fund managers, ensuring efficient order execution, monitoring market volumes and maintaining compliance with trading guidelines. He plays a key role in translating portfolio decisions into timely and accurate trades.
Anindya Sarkar
Anindya Sarkar manages fixed-income portfolios with a focus on credit analysis, interest-rate trends, and liquidity management. His responsibilities include assessing debt instruments, monitoring market conditions and aligning portfolios with regulatory requirements. He aims to maintain a balance between yield opportunities and risk control.
Parijat Agrawal
Parijat Agrawal manages investment strategies and contributes to research across asset classes. His responsibilities include portfolio construction, monitoring macroeconomic developments and ensuring alignment with the scheme mandates. His approach combines analysis of economic cycles, issuer quality and long-term investment discipline.
Devesh Thacker
Devesh Thacker contributes to fund management by evaluating securities, reviewing portfolio performance and supporting investment decisions. His work includes tracking financial data, market behaviour and issuer fundamentals to ensure alignment with the fund’s investment process and risk parameters.
Tarun Singh
Tarun Singh oversees fixed-income trading activities and ensures the efficient execution of debt market transactions. His role includes monitoring yields, liquidity conditions and regulatory frameworks while coordinating with fund managers to support portfolio strategies and maintain accurate trade execution records.
Taxation on Union Mutual Funds
| Fund Type | Holding Period for Tax Classification | Short-Term Capital Gains (STCG) Tax | Long-Term Capital Gains (LTCG) Tax |
| Equity Funds (Flexi Cap, Small Cap, Midcap, Large & Midcap, Multicap, ELSS, Innovation & Opportunities) | Less than 12 months = Short-Term More than 12 months = Long-Term | 15% on gains | 10% on gains above ₹1 lakh in a financial year |
| Hybrid Funds with ≥65% Equity Allocation (Balanced Advantage, Multi Asset Allocation when equity allocation qualifies as equity) | Less than 12 months = Short-Term More than 12 months = Long-Term | 15% on gains | 10% on gains above ₹1 lakh in a financial year |
| Debt Funds (Liquid Fund and debt-oriented hybrid funds where equity is less than 35%) | Any holding period | Taxed as per the individual’s applicable income tax slab rate | No separate LTCG benefit (post-April 2023 rules) |
| Gold Exposure in Multi-Asset Allocation Fund (if classified as debt for taxation) | Any holding period | Taxed as per the applicable income tax slab rate | No separate LTCG benefit |
Documents Required To Invest in Union Mutual Funds
Investors need a few basic documents to complete KYC and start investing in Union Mutual Funds:
- PAN Card
- Aadhaar linked to a mobile number (for e-KYC)
- Bank account proof, such as a cancelled cheque or a passbook copy
- Passport-size photograph (only if not completing online KYC)
- Valid address proof such as Aadhaar, Passport, Driving Licence or Voter ID
Risks of Investing in Union Mutual Funds
- High Portfolio Concentration Risk: Some Union schemes follow focused or high-conviction portfolios, which can increase volatility if a few holdings underperform.
- Liquidity Risk in Smaller Market Segments: Small-cap and mid-cap oriented funds may face slower exit opportunities during volatile markets, affecting redemption timelines and pricing.
- Allocation Timing Risk in Hybrid Strategies: Dynamic or balanced schemes may adjust equity and debt exposure at times that do not reflect broader market recovery or correction cycles.
- Lock-in Limitation for ELSS Scheme: The tax-saving fund has a mandatory lock-in period, limiting exit flexibility if market movements or investment priorities change.
Factors to Consider While Investing in Union Mutual Funds
- Investment Style and Strategy Alignment: Funds may follow growth, value, or blended styles, and each approach tends to reflect differently across market phases and risk profiles.
- Volatility Based on Market Segment Exposure: Historical volatility often varies across categories such as innovation-focused, small-cap, mid-cap, or large-cap strategies, and may influence performance behaviour over time.
- Expense Ratio Impact Over Time: Expense ratios vary across fund categories and structures, and the ongoing costs can influence long-term returns depending on how frequently investments are rebalanced.
- Tax Treatment Based on Fund Category: Tax rules vary depending on whether the scheme falls under the equity or debt classification, which may affect post-tax outcomes.
- Fund Manager Consistency and Track Record: Continuity in fund management, investment framework, and decision-making approach can help determine how a strategy performs across different market environments.
To Wrap Up…
Union Mutual Funds offer schemes across the equity, hybrid, and debt categories, each with a distinct approach and risk profile. Performance, cost structure and portfolio characteristics vary from one scheme to another, and outcomes depend on market conditions and the fund’s investment framework.
Understanding aspects such as the strategy, taxation, and fund management approach may provide valuable context when reviewing these schemes. Platforms like smallcase enable convenient access to view, compare and explore Union Mutual Fund options based on publicly available information.
Looking for a Loan Against Mutual Funds (LAMF)? Explore LAMF on smallcase –
You can now apply for a loan against mutual funds (LAMF) on smallcase. Explore the quick and paperless process with the following articles about the eligibility criteria, documents required, features, benefits and more on LAMF at smallcase!
Frequently Asked Questions About Union Mutual Funds
The following are the best Union Bank Mutual Funds as per 5-year CAGR:
– Union Small Cap Fund
– Union Midcap Fund
– Union ELSS Tax Saver Fund
– Union Large & Midcap Fund
– Union Flexi Cap Fund
Disclaimer: This list is for informational purposes and not a recommendation. Past performance does not guarantee future results. Always perform due diligence or consult with a financial advisor before investing.
Investors can redeem units online through the Union Mutual Fund website, mobile app, or any registered investment platform used during purchase. After submitting a redemption request, the amount is processed and credited to the linked bank account, subject to applicable timelines and fund type. Investors can also download their Union Mutual Fund statement after redemption to track transaction status and holdings.
Disclaimer: Redemption timelines may vary based on the scheme category, cut-off time, settlement cycle and regulatory guidelines. This information is for general understanding and should not be considered financial advice. Investors are encouraged to check the latest process and terms directly with the fund house or their investment platform.
Union Asset Management Company Private Limited manages Union Mutual Fund. It is sponsored by Union Bank of India and Dai-ichi Life Holdings, Inc.
Investors can stop or cancel an SIP through the investment platform they use, such as the AMC portal, mobile app, or a third-party investment platform. After submitting a cancellation request, the SIP will stop processing from the next scheduled debit cycle, subject to processing timelines. Reviewing plan details and factors, such as Union Bank Mutual Fund interest rate expectations, before cancellation helps ensure the decision aligns with investment goals.
