Union Retirement Fund - Direct Plan - IDCW Option
The investment objective of the Scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.Read more
- Current NAV₹16.5600
- Fund Size (AUM)₹ 207 Cr.
- Expense Ratio1.39 %
- 1Y Return-0.90%
- 3Y Return (CAGR)+11.21%
- 5Y Return (CAGR)—
- Category Rank (3Y)—
- RiskometerVery High Risk
- Min. SIP / Lump sum₹ 500 / ₹ 1,000
More figures (11)
- Since Launch (CAGR)+14.45%
- Benchmark—
- Volatility (3Y)14.39 %
- Sharpe Ratio (3Y)0.33
- Beta (3Y)—
- 52-week High / Low₹17.8400 / ₹15.0700
- Max Drawdown-17.8 %
- Launched22 Sep 2022
- Lock-in0 years
- Portfolio Turnover44 %
- Fund ManagersPratik Dharmshi, Pratit Vajani
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 3 years it returned 11.2% a year.
- Volatility over 3 years was 14.4% a year, with a Sharpe ratio of 0.33.
- Its biggest fall from a peak was 17.8% (23 Sep 2024 to 28 Feb 2025).
- Across all 3-year periods since launch, yearly returns ranged from 11.0% to 20.0% and were positive 100% of the time.
- Expense ratio 1.39%, fund size ₹207 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 11.0% a year).
Cons
AI- Expense ratio of 1.39% is above the category median of 1.12%.
- Small fund size of ₹207 crore.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +0.91% | -1.25% | -5.10% | -0.30% | -1.90% | -0.90% | +0.61% | +11.21% | — | — | — | +14.45% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Retirement Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| This fund | -1.90% | +7.45% | +18.75% | +32.30% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.8 | 1.6 | -10.0 | 9.5 | 0.5 | 3.3 | 1.0 | 2.1 | -6.6 | -0.3 | |||
| 2025 | -4.5 | -8.1 | 7.8 | 2.6 | 3.7 | 4.5 | -2.3 | -1.2 | 1.2 | 3.7 | 1.3 | -0.3 | 7.4 |
| 2024 | 2.2 | 1.5 | 1.1 | 3.6 | 0.4 | 7.3 | 2.7 | 1.8 | 2.6 | -5.0 | 0.3 | -0.6 | 18.7 |
| 2023 | -2.7 | 0.3 | -0.9 | 3.6 | 5.0 | 4.9 | 4.7 | 1.7 | 1.4 | -2.1 | 7.4 | 5.6 | 32.3 |
| 2022 | 3.5 | 2.6 | -3.2 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 34 of 49 months shown (69%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 14.39% | 13.19% |
| Sharpe ratio ? | 0.33 | — |
| Sortino ratio ? | 0.44 | — |
| Maximum drawdown | -17.77% | -17.77% |
Rolling 3-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 26 Sep 2024 | 28 Feb 2025 | -17.8% | 20 Oct 2025 | 8 months |
| 11 Feb 2026 | 23 Mar 2026 | -12.2% | 18 Jun 2026 | 3 months |
| 1 Dec 2022 | 28 Mar 2023 | -8.9% | 26 May 2023 | 59 days |
| 26 Aug 2026 | 8 Oct 2026 | -8.9% | Not yet | — |
| 3 Jun 2024 | 4 Jun 2024 | -6.9% | 11 Jun 2024 | 7 days |
| 11 Sep 2023 | 26 Oct 2023 | -5.8% | 15 Nov 2023 | 20 days |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,18,235 | ₹-1,765 | -2.71% |
| 3Y | ₹3,60,000 | ₹3,87,912 | ₹27,912 | +4.91% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Retirement Funds (29)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Retirement Fund-The 30s PlanAditya Birla Sun Life Mutual Fund | ₹24.6880 | — | — | — | — | — | 1.35 | 465 | Very High Risk |
| 2. | Aditya Birla Sun Life Retirement Fund-The 40s PlanAditya Birla Sun Life Mutual Fund | ₹20.8620 | — | — | — | — | — | 1.12 | 110 | Very High Risk |
| 3. | Aditya Birla Sun Life Retirement Fund-The 50s PlanAditya Birla Sun Life Mutual Fund | ₹16.5132 | — | — | — | — | — | 0.63 | 27 | Moderate Risk |
| 4. | Aditya Birla Sun Life Retirement Fund-The 50s Plus-Debt PlanAditya Birla Sun Life Mutual Fund | ₹14.8694 | — | — | — | — | — | 0.92 | 14 | Moderate Risk |
| 5. | Axis Retirement Fund - Aggressive PlanAxis Mutual Fund | ₹19.7600 | — | — | — | — | — | 1.25 | 666 | High Risk |
| 6. | Axis Retirement Fund - Conservative PlanAxis Mutual Fund | ₹17.1899 | — | — | — | — | — | 1.25 | 45 | High Risk |
| 7. | Axis Retirement Fund - Dynamic PlanAxis Mutual Fund | ₹21.1000 | — | — | — | — | — | 1.35 | 269 | High Risk |
| 8. | BANDHAN RETIREMENT FUNDBandhan Mutual Fund | ₹12.9280 | — | — | — | — | — | 0.96 | 174 | Moderately High Risk |
| 9. | Baroda BNP Paribas Retirement FundBaroda BNP Paribas Mutual Fund | ₹11.6795 | — | — | — | — | — | 1.04 | 387 | Very High Risk |
| 10. | Franklin India Retirement FundFranklin Templeton Mutual Fund | ₹237.2876 | — | — | — | — | — | 1.53 | 479 | Moderately High Risk |
| 11. | HDFC Retirement Fund - Equity PlanHDFC Mutual Fund | ₹54.3070 | — | — | — | — | — | 0.89 | 6,645 | Very High Risk |
| 12. | HDFC Retirement Fund - Hybrid-Debt PlanHDFC Mutual Fund | ₹24.5372 | — | — | — | — | — | 1.35 | 143 | Moderately High Risk |
| 13. | HDFC Retirement Fund - Hybrid-Equity PlanHDFC Mutual Fund | ₹41.5850 | — | — | — | — | — | 1.10 | 1,530 | Very High Risk |
| 14. | ICICI Prudential Retirement Fund Hybrid Aggressive PlanICICI Prudential Mutual Fund | ₹30.1200 | — | — | — | — | — | 1.18 | 1,268 | Very High Risk |
| 15. | ICICI Prudential Retirement Fund Hybrid Conservative PlanICICI Prudential Mutual Fund | ₹19.8733 | — | — | — | — | — | 1.06 | 95 | Moderately High Risk |
| 16. | ICICI Prudential Retirement Fund Pure Debt PlanICICI Prudential Mutual Fund | ₹17.1091 | — | — | — | — | — | 1.22 | 79 | Moderately High Risk |
| 17. | ICICI Prudential Retirement Fund Pure Equity PlanICICI Prudential Mutual Fund | ₹37.6800 | — | — | — | — | — | 0.87 | 2,106 | Very High Risk |
| 18. | Nippon India Retirement Fund- Income Generation SchemeNippon India Mutual Fund | ₹22.9057 | — | — | — | — | — | 0.98 | 138 | Moderately High Risk |
| 19. | Nippon India Retirement Fund- Wealth Creation SchemeNippon India Mutual Fund | ₹31.2856 | — | — | — | — | — | 1.28 | 2,939 | Very High Risk |
| 20. | PGIM India Retirement FundPGIM India Mutual Fund | ₹12.3600 | — | — | — | — | — | 1.13 | 104 | Very High Risk |
| 21. | SBI Retirement Benefit Fund - Aggressive Hybrid PlanSBI Mutual Fund | ₹20.1227 | — | — | — | — | — | 1.19 | 1,587 | Very High Risk |
| 22. | SBI Retirement Benefit Fund - Aggressive PlanSBI Mutual Fund | ₹20.8321 | — | — | — | — | — | 1.11 | 3,066 | Very High Risk |
| 23. | SBI Retirement Benefit Fund - Conservative Hybrid PlanSBI Mutual Fund | ₹16.0906 | — | — | — | — | — | 1.24 | 248 | Moderately High Risk |
| 24. | SBI Retirement Benefit Fund - Conservative PlanSBI Mutual Fund | ₹14.8869 | — | — | — | — | — | 0.97 | 138 | Moderately High Risk |
| 25. | Tata Retirement Savings Fund-Conservative PlanTata Mutual Fund | ₹38.2078 | — | — | — | — | — | 1.05 | 165 | Moderately High Risk |
| 26. | Tata Retirement Savings Fund-Moderate PlanTata Mutual Fund | ₹78.8723 | — | — | — | — | — | 0.83 | 2,115 | Very High Risk |
| 27. | Tata Retirement Savings Fund-Progressive PlanTata Mutual Fund | ₹81.1626 | — | — | — | — | — | 0.82 | 2,104 | Very High Risk |
| 28. | Union Retirement FundUnion Mutual Fund | ₹16.7500 | — | — | — | — | — | 1.39 | 207 | Very High Risk |
| 29. | UTI Retirement FundUTI Mutual Fund | ₹53.8849 | — | — | — | — | — | — | — | — |
| Median: 29 schemes | — | — | — | — | — | — | 1.12 | 259 | — |
Detailed comparison with another fund About Retirement Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- The investment objective of the Scheme is to generate long term capital gains by investing in a mix of securities comprising of equity, equity related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to provide a retirement investment solution to investors. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
- Fund managers
- Pratik Dharmshi, Pratit Vajani
- Fund house
- Union Mutual Fund
- Category
- Retirement Funds · Solution oriented
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 150555
- ISIN
- INF582M01IL3
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Retirement Funds
Retirement Funds are designed for retirement saving, with a lock-in of 5 years or until retirement age, whichever is earlier.
Generally used by long-term retirement saving.
Other plans of this scheme
Tax on your gains
Likely tax treatment: Equity-oriented fund
- Held 12 months or less: short-term gain taxed at 20%.
- Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
This scheme has a lock-in of 0 years. Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: Union Mutual Fund
- Union Mutual Fund takes investor awareness campaign 'Tukka Nahi, Tareeka Chahiye' to Mumbai MetroMedia4Growth · Yesterday
- Union Mutual Fund Says: When It Comes to Investing, Don’t Just Take a ‘Tukka’IMPACT Magazine · 1 Oct
- ‘Tukka Nahi ,Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaignAdgully · 1 Oct
- ‘Tukka Nahi, Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaignPassionate In Marketing · 1 Oct
- Union AMC CEO Details three Triggers on When to exit underperforming SIPAlice Blue · 23 Sep
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of Union Retirement Fund today?
What returns has Union Retirement Fund given?
What is the expense ratio of Union Retirement Fund?
How risky is this fund?
What is the difference between Direct and Regular plans?
What are Retirement Funds?
How are gains from Union Retirement Fund taxed?
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