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Union Arbitrage Fund - Regular Plan - Growth Option is a hybrid scheme managed by Union Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 5.98%, with the bottom and top quartiles at 5.19% and 6.78% respectively. It has ranked in the top half of its category for 3 of the last 6 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 0.99% on assets of ₹239Cr. The fund is currently managed by Devesh Thacker, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 90% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
|---|
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| HDFC BANK LIMITED | Financial Services | 4.76% |
| RELIANCE INDUSTRIES LIMITED | Energy | 3.56% |
| BHARTI AIRTEL LIMITED | Communication Services | 2.89% |
| MAX FINANCIAL SERVICES LIMITED | Financial Services | 1.99% |
| TATA STEEL LIMITED | Basic Materials | 1.90% |
| JSW STEEL LIMITED | Basic Materials | 1.89% |
| VODAFONE IDEA LIMITED | Communication Services | 1.71% |
| EICHER MOTORS LIMITED | Consumer Cyclical | 1.61% |
| HINDALCO INDUSTRIES LIMITED | Basic Materials | 1.61% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | Healthcare | 1.59% |
| TITAN COMPANY LIMITED | Consumer Cyclical | 1.57% |
| STATE BANK OF INDIA | Financial Services | 1.51% |
| GRASIM INDUSTRIES LIMITED | Basic Materials | 1.43% |
| HDFC LIFE INSURANCE COMPANY LIMITED | Financial Services | 1.35% |
| RBL BANK LIMITED | Financial Services | 1.34% |
| NTPC LIMITED | Utilities | 1.33% |
| MARUTI SUZUKI INDIA LIMITED | Consumer Cyclical | 1.31% |
| AXIS BANK LIMITED | Financial Services | 1.29% |
| ULTRATECH CEMENT LIMITED | Basic Materials | 1.14% |
| OIL AND NATURAL GAS CORPORATION LIMITED | Energy | 1.13% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED | Industrials | 1.12% |
| SBI LIFE INSURANCE COMPANY LIMITED | Financial Services | 1.11% |
| PATANJALI FOODS LIMITED | Consumer Defensive | 1.07% |
| LARSEN AND TOUBRO LIMITED | Industrials | 1.00% |
| UPL LIMITED | Basic Materials | 0.95% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 15 | 25.95% |
| Metals & Mining | — | 5.45% |
| Oil, Gas & Consumable Fuels | — | 5.17% |
| Automobile and Auto Components | — | 4.82% |
| Telecommunication | — | 4.69% |
| Fast Moving Consumer Goods | — | 4.41% |
| Healthcare | 4 | 4.39% |
| Construction Materials | — | 3.31% |
| Power | — | 2.43% |
| Consumer Durables | — | 2.03% |
Active bets vs the average Hybrid fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | 2.84% | 3.74% | 5.93% | 7.17% | 8.00% | 100.0% |
| 3Y | 3.93% | 5.19% | 5.98% | 6.78% | 6.99% | 100.0% |
| 5Y | 5.24% | 5.42% | 5.55% | 5.70% | 5.79% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 23.5% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Hybrid.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.
| 5Y |
|---|
| Star |
|---|
| Kotak Arbitrage Fund - Regular Plan - Growth | Kotak Mahindra Mutual Fund | ₹69,951 Cr | 3.14% | +6.99% | +6.14% | 2★ |
| UTI Arbitrage Fund - Regular Plan - Growth Option | UTI Mutual Fund | ₹10,858 Cr | 2.38% | +6.93% | +5.97% | 2★ |
| Invesco India Arbitrage Fund - Regular Plan - Growth Option | Invesco Mutual Fund | ₹27,321 Cr | 3.97% | +6.90% | +6.16% | 2★ |
| SBI Arbitrage Opportunities Fund - Regular Plan - Gr | SBI Mutual Fund | ₹42,847 Cr | 2.32% | +6.89% | +6.16% | 2★ |
| HDFC ARBITRAGE FUND - Regular Plan -Growth Option | HDFC Mutual Fund | ₹24,439 Cr | 2.84% | +6.87% | +5.93% | 2★ |
| Edelweiss Arbitrage Fund- Regular Plan- Growth Option | Edelweiss Mutual Fund | ₹14,717 Cr | 3.33% | +6.84% | +6.00% | 2★ |
| Aditya BIRLA SUN LIFE ARBITRAGE FUND - REGULAR PLAN - GROWTH | Aditya Birla Sun Life Mutual Fund | ₹25,679 Cr | 1.81% | +6.79% | +5.89% | 2★ |
| Tata Arbitrage Fund-Regular Plan-Growth | Tata Mutual Fund | ₹21,824 Cr | 1.43% | +6.79% | +5.86% | 2★ |
| ITI Arbitrage Fund - Regular Plan - Growth Option | ITI Mutual Fund | ₹88 Cr | 1.84% | +6.76% | +5.24% | 2★ |
| Axis Arbitrage Fund - Regular Plan - Growth | Axis Mutual Fund | ₹9,725 Cr | 2.51% | +6.75% | +5.91% | 2★ |