Union Short Term Fund
Fund basics
Everything the NAV says
Computed from 379 published NAVs between 3 Feb 2025 and 28 Aug 2026 — 1.6 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| Union Short Term Fund Direct | 0.11 | 2.06 | 2.47 | 5.18 | — | — | — | — | 6.53 |
| Ultra Short Duration category median · 32 funds | — | — | — | 6.41 | 7.22 | 6.51 | — | 6.66 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Direct plan in Ultra Short Duration — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 27 Aug 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| Union Short Term Fund Direct | 1.18 | 0.03 | 0.05 | — | — | -0.51 |
Risk-free rate 6.5%. Beta and alpha need an index, so the benchmark's own row leaves them blank.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 1.2% | 0.6% | 0.03 | 0.05 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -0.5% | 0 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Calendar years
How it compares in its category
Against the Ultra Short Duration Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Union Short Term Fund Union Mutual Fund · this scheme | — | — | — | 1.2% | 0.03 | -0.5% |
| Nippon India Ultra Short Term Fund Nippon India Mutual Fund | 7.6% | — | — | 2.0% | 0.53 | -5.2% |
| Tata Ultra Short Term Fund Tata Mutual Fund | 7.5% | — | — | 0.5% | 2.18 | -0.7% |
| Aditya Birla Sun Life Savings Fund Aditya Birla Sun Life Mutual Fund | 7.5% | — | — | 0.6% | 1.56 | -1.2% |
| Mirae Asset Ultra Short to Short Term Fund Mirae Asset Mutual Fund | 7.5% | — | — | 0.7% | 1.38 | -1.4% |
| Axis Ultra Short Term Fund Axis Mutual Fund | 7.4% | — | — | 0.5% | 1.84 | -0.8% |
| Mirae Asset Ultra Short-Term Fund Mirae Asset Mutual Fund | 7.4% | — | — | 0.3% | 2.74 | -0.2% |
| DSP Ultra Short Term Fund DSP Mutual Fund | 7.4% | — | — | 0.6% | 1.60 | -1.1% |
| ICICI Prudential Ultra Short term Fund ICICI Prudential Mutual Fund | 7.4% | — | — | 1.7% | 0.53 | -7.5% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Ultra Short Duration scheme is
Portfolio duration of 3 to 6 months.
A step out from liquid funds for slightly more return and slightly more movement. Still short enough that a rate change barely registers.
Who it suits. Money needed in three to six months.
How long money should stay. 3 to 6 months.
Questions people ask
What is the NAV of Union Short Term Fund — Direct Plan — Growth Option?
₹11.0564 as on 27 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of Union Short Term Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
What kind of scheme is this?
Portfolio duration of 3 to 6 months. A step out from liquid funds for slightly more return and slightly more movement. Still short enough that a rate change barely registers.
How long should money stay in it?
Typically 3 to 6 months. Money needed in three to six months.