Union Ultra Short to Short Term Fund

Regular plan – Growth

Other options

The page shows the Growth option. The Regular plan’s other options have their own codes.

Option	AMFI code	ISIN
Growth (this page)	153652	INF582M01LU8
IDCW	153653	INF582M01LO1, INF582M01LN3, INF582M01LP8

Ultra Short to Short Term Fund Union Mutual Fund

Open-ended. Launched on 16 Jul 2025.

NAVNAV Net asset value: the value of one unit of the scheme, which the fund house works out at the end of each business day.: Data delayed
AssetsAssets The market value of everything the scheme holds, less what it owes, as the fund house discloses it at each month-end.: ₹228 cr; 30 Sep 2026
BenchmarkBenchmark The market index the fund house names in the SID as the measure the scheme is compared against.: NIFTY Low Duration Debt Index A-I; as the SID names it
Riskometer: Low to Moderate; read by Felix on 28 Oct 2026

Read SID/KIM on AMC site

The SID and KIM are the final reference for every fact on this page.

Find a mutual fund distributor

Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission

The fund house also offers a Direct plan of this scheme, whose expenses are lower to the extent of the distribution commission.

Assets: the fund house’s month-end disclosure of 30 Sep 2026. Benchmark: the SID.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

1 change in the last 12 months: SEBI renamed its category from Low Duration Fund to Ultra Short to Short Term Fund, 26 Feb 2026. See what changed

What it is

SEBI’s rule for an Ultra Short to Short Term Fund: debt and money market instruments, with a portfolio Macaulay duration of 6 to 12 months. Source: SEBI

What the SID allows it to holdSID Scheme information document: the scheme’s offer document, which sets out its objective, asset allocation, risks and expenses.

Debtallowed 0% to 100%

Money marketallowed 0% to 100%

Source: the SID’s asset allocation, from fund house disclosures.

Potential risk class (PRC)

PRC Potential risk class: the most interest-rate risk and credit risk a debt scheme may take, on SEBI’s three-by-three grid, as its SID states it.as the SID states it

The most risk the scheme may take: interest-rate risk in rows, credit risk in columns. This scheme: B-III.
Interest-rate risk	Credit risk relatively low (A)	Moderate (B)	Relatively high (C)
Relatively low (I)
Moderate (II)
Relatively high (III)		B-III

Riskometer

The risk of the scheme is Low to Moderate

As read by Felix on 28 Oct 2026. Fund houses review this level every month, and the fund house’s latest disclosure prevails: Riskometer disclosures, Union Mutual Fund

Low
Low to Moderate
Moderate
Moderately High
High
Very High

Benchmark: NIFTY Low Duration Debt Index A-I. Its riskometer is published monthly by the fund house: Riskometer disclosures, Union Mutual Fund

Source: fund houses’ disclosures.

Who runs it

Anindya Sarkarsince 1 Aug 2025
Fund manager
1 year 2 months
Also manages Union Corporate Bond Fund, Union Gilt Fund, Union Income Plus Arbitrage Active FoF, Union Multi Asset Allocation Fund, Union Short Term Fund
Devesh Thackersince 26 Jun 2025
Fund manager, debt
1 year 4 months
Also manages Union Arbitrage Fund, Union Dynamic Term Fund, Union Liquid Fund, Union Money Market Fund, Union Overnight Fund

Bars on one scale, from the scheme’s launch. Other schemes A to Z. Source: fund house disclosures, as of 28 Oct 2026.

Codes and identity

from the SID and AMFI

Fund house: Union Mutual Fund
SEBI category: Ultra Short to Short Term Fund
Plan and option: Regular plan – Growth
Structure: Open-ended
Launched: 16 Jul 2025
AMFI code, Growth: 153652
ISIN, Growth: INF582M01LU8
Registrar: CAMS
Fund house website: unionmf.com ↗

Union Mutual Fund

Union Mutual Fund runs 31 schemes in their Regular plan: 13 equity, 8 debt, 5 hybrid, 5 other.

12 fund managers, in their current schemes for 3 years 7 months on average.

1 scheme launched in the last 12 months.

Source: fund houses’ disclosures, as of 28 Oct 2026.

Buying and selling

Entry load: Nil, since 1 Aug 2009
Stamp duty: 0.005% of the amount invested, since 1 Jul 2020
Applicable NAV: That business day’s, when the application and the money reach the fund house by the 3 pm cut-off; after it, the next business day’s
Redemption money: Within 3 working days of the redemption request

Sources: SEBI for the entry load, cut-off and redemption timeline; Ministry of Finance for stamp duty.

The category: Ultra Short to Short Term Fund

All 25 schemes

25 schemes in their Regular plan, from 25 fund houses.

Schemes 16 to 25 of 25, A to Z; this scheme is marked.Schemes 21 to 25 of 25, A to Z; this scheme is marked.

Schemes in this category, A to Z
Scheme	Benchmark	Assets, ₹ cr (30 Sep 2026)	SIP from, ₹	Launched
Kotak Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	12,566	100	2008
LIC MF Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,900	200	2003
Mahindra Manulife Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	497	500	2017
Mirae Asset Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,290	99	2008
Nippon India Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	7,096	100	2007
SBI Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	10,942	500	2007
Sundaram Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	381	1,000	2004
Tata Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	2,727	500	2005
Union Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	228	Not reported	2025
UTI Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,604	500	2003

Schemes in this category, A to Z
Scheme	Benchmark	Assets, ₹ cr (30 Sep 2026)	SIP from, ₹	Launched
SBI Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	10,942	500	2007
Sundaram Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	381	1,000	2004
Tata Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	2,727	500	2005
Union Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	228	Not reported	2025
UTI Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,604	500	2003

Show all 25 schemes

Schemes in this category, A to Z
Scheme	Benchmark	Assets, ₹ cr (30 Sep 2026)	SIP from, ₹	Launched
Aditya Birla Sun Life Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	9,185	100	1998
Axis Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	4,563	100	2009
Bajaj Finserv Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	582	Not reported	2026
Bandhan Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	6,342	100	2006
Baroda BNP Paribas Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	330	500	2005
Canara Robeco Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,113	1,000	2005
DSP Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	4,455	100	2015
Edelweiss Ultra Short to Short term Fund	CRISIL Low Duration Debt A-I Index	454	100	2025
Franklin India Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	338	500	2025
HDFC Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	16,513	100	1999
HSBC Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	847	1,000	2010
ICICI Prudential Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	18,781	100	2002
Invesco India Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	1,714	100	2007
JioBlackRock Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	686	Not reported	2026
JM Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	236	100	2006
Kotak Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	12,566	100	2008
LIC MF Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	1,900	200	2003
Mahindra Manulife Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	497	500	2017
Mirae Asset Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,290	99	2008
Nippon India Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	7,096	100	2007
SBI Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	10,942	500	2007
Sundaram Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	381	1,000	2004
Tata Ultra Short to Short Term Fund	CRISIL Low Duration Debt A-I Index	2,727	500	2005
Union Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	228	Not reported	2025
UTI Ultra Short to Short Term Fund	NIFTY Low Duration Debt Index A-I	2,604	500	2003

Regular plan – Growth for every scheme. Source: fund houses’ disclosures; assets at month-end 30 Sep 2026; SIP minimums as read by Felix on 28 Oct 2026; benchmarks as each SID names them.

What changed

26 Feb 2026SEBI renamed its category from Low Duration Fund to Ultra Short to Short Term Fund
1 Aug 2025Anindya Sarkar became a fund manager
18 Jul 2025Re-opened for everyday purchases
16 Jul 2025Launched
3 Jul 2025NFO closed
26 Jun 2025NFO opened

Source: fund house disclosures and SEBI.

Documents

KIM Key information memorandum: the short summary of the SID that comes with every application form.

Union Mutual Fund publishes the scheme’s documents on its website:

Scheme information document (SID)
Key information memorandum (KIM)
Monthly factsheet
Monthly portfolio disclosure

Read SID/KIM on AMC site

Felix links to the fund house’s own copies and never copies them.

Questions about this fund

Who manages it, and since when?

Devesh Thacker, since 26 Jun 2025 (Fund manager, debt); Anindya Sarkar, since 1 Aug 2025 (Fund manager). Source: Union Mutual Fund’s disclosures.

What is its benchmark?

NIFTY Low Duration Debt Index A-I, as the SID names it. Felix shows the benchmark by name only.

When was it launched, and what was it called before?

It was launched on 16 Jul 2025.

How do I invest in it?

Read the SID and KIM on Union Mutual Fund’s website first. A mutual fund distributor can place your application in this scheme’s Regular plan. Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission.

What does “Regular plan – Growth” mean?

The Regular plan is the one bought through a distributor; its expenses include the distributor’s commission. In the Growth option, gains stay in the NAV and nothing is paid out.

Where are its documents?

On Union Mutual Fund’s website: the scheme information document (SID), the key information memorandum (KIM) and the monthly factsheet.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Data on this page

Block	Source	For
Assets	Fund houses’ disclosures, at month-end	30 Sep 2026
Riskometer	Fund houses’ disclosures, as read by Felix	28 Oct 2026
Asset allocation	The SID, from fund house disclosures	28 Oct 2026
Fund managers	Fund house disclosures	28 Oct 2026

Something wrong or out of date? Report an error

When you are ready, invest with a person.

Read SID/KIM on AMC site

The SID and KIM are the final reference for every fact on this page.

Find a mutual fund distributor

Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission