Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
0.5%
0.15
0.21
—
—
-0.6%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
— months this scheme and its benchmark share.
Growth of ₹100 since launch
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
1,653
2.7%
5.8%
8.0%
0%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
Union Arbitrage Fund
Regular Plan · Growth Option
Allocation
By asset
Equity
73.50%
ETF Units
11.76%
Debt
6.46%
By market cap
Large Cap
49.86%
Mid Cap
20.74%
Small Cap
2.90%
Unclassified
18.22%
Concentration
Number of stocks
87
Top 5 stocks
25.64%
Top 10 stocks
35.22%
Top 20 stocks
48.15%
Lines in the filing
175
Largest holding
11.76%
Largest sector
Mutual Fund 11.76%
Effective stocks
37.6
Sectors held
33
Cash
0.00%
Effective stocks is what the concentration works out to: a fund holding
87 names but most of its money in a few
behaves like a fund of 38. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Mutual Fund
11.76%
Cash & Equivalents
8.28%
IND A1+
6.35%
Sovereign
0.11%
Power
0.02%
Construction
0.01%
Union Arbitrage Fund
Regular Plan · Growth Option · holdings as on 31 Oct 2026
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
Union Money Market Fund - Direct Plan - Growth Option
Mutual Fund
196,448
27
11.76%
2
Bank of Baroda
IND A1+
150,000,000
15
6.35%
3
TREPS
Unclassified
—
14
6.09%
4
Reliance Industries Ltd.
Petroleum Products
56,000
7
2.83%
5
Tata Consultancy Services Ltd.
IT - Software
21,825
5
2.37%
6
HDFC Bank Ltd.
Banks
77,350
5
2.33%
7
Net Receivable / Payable
Unclassified
—
5
2.19%
8
360 ONE WAM Ltd.
Capital Markets
50,000
5
2.14%
9
Vodafone Idea Ltd.
Telecom - Services
4,002,600
5
2.06%
10
UPL Ltd.
Fertilizers & Agrochemicals
85,365
4
1.90%
11
HCL Technologies Ltd.
IT - Software
28,400
4
1.76%
12
JSW Steel Ltd.
Ferrous Metals
31,725
4
1.72%
13
State Bank of India
Banks
33,000
3
1.38%
14
ICICI Bank Ltd.
Banks
22,400
3
1.36%
15
PB Fintech Ltd.
Financial Technology (Fintech)
30,800
3
1.34%
16
Max Financial Services Ltd.
Insurance
25,600
3
1.33%
17
Axis Bank Ltd.
Banks
24,375
3
1.29%
18
Bharat Petroleum Corporation Ltd.
Petroleum Products
102,700
3
1.27%
19
Tech Mahindra Ltd.
IT - Software
16,200
3
1.26%
20
Infosys Ltd.
IT - Software
24,000
3
1.24%
21
Kotak Mahindra Bank Ltd.
Banks
62,000
3
1.24%
22
Bajaj Finance Ltd.
Finance
30,000
3
1.22%
23
Shriram Finance Ltd.
Finance
33,825
3
1.21%
24
Adani Ports and Special Economic Zone Ltd.
Transport Infrastructure
14,725
3
1.18%
25
Tata Consumer Products Ltd.
Agricultural Food & other Products
24,200
2
1.08%
26
The Federal Bank Ltd.
Banks
70,000
2
1.03%
27
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
13,300
2
1.03%
28
TVS Motor Company Ltd.
Automobiles
5,600
2
1.02%
29
Bharti Airtel Ltd.
Telecom - Services
10,925
2
0.94%
30
Eternal Ltd.
Retailing
63,050
2
0.94%
Union Arbitrage Fund
Regular Plan · Growth Option · where the money sits
What the manager did last month
Between the filings of 31 Aug 2026 and 30 Sep 2026.
A position grows because the manager bought or because the price rose; only the share count separates them.
Bought
Sold
New positions
Sold out of
Price move of holdings
₹11 cr
₹26 cr
16
7
-4.25%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
PB Fintech Ltd.
43,400
entered
—
4.6
One 97 Communications Ltd.
17,400
entered
—
2.9
L&T Finance Ltd.
92,250
entered
—
2.4
Infosys Ltd.
24,000
entered
—
2.4
Cholamandalam Investment & Finance Co. Ltd.
12,500
entered
—
2.0
Titan Company Ltd.
4,200
entered
—
1.9
Bharat Forge Ltd.
7,500
entered
—
1.4
Coal India Ltd.
32,400
entered
—
1.4
Added to
UPL Ltd.
50,135
+142.3%
-4.0%
2.7
ICICI Bank Ltd.
14,700
+67.7%
-9.1%
1.9
Hindalco Industries Ltd.
14,700
+150.0%
-7.3%
1.4
Hero MotoCorp Ltd.
2,250
+375.0%
-3.8%
1.2
Mahindra & Mahindra Ltd.
2,800
+66.7%
-10.1%
0.8
Shriram Finance Ltd.
8,250
+90.9%
-11.5%
0.8
Tata Steel Ltd.
35,750
+19.4%
0.0%
0.7
Coforge Ltd.
2,375
+83.3%
-11.9%
0.4
Trimmed
Bharti Airtel Ltd.
23,275
-68.1%
-3.0%
4.1
Max Financial Services Ltd.
17,600
-62.9%
-12.7%
2.4
NTPC Ltd.
72,000
-51.6%
-1.4%
2.3
Cipla Ltd.
16,150
-71.7%
-4.5%
2.2
Kotak Mahindra Bank Ltd.
48,000
-33.8%
-0.6%
2.0
SBI Life Insurance Co. Ltd.
11,250
-53.6%
-2.5%
1.9
Patanjali Foods Ltd.
51,600
-17.9%
+5.2%
1.9
HDFC Bank Ltd.
26,000
-31.8%
0.0%
1.8
Sold out of
Radico Khaitan Ltd.
5,100
exited
—
2.3
DLF Ltd.
29,450
exited
—
2.0
Nippon Life India Asset Management Ltd.
16,875
exited
—
2.0
Solar Industries India Ltd.
900
exited
—
1.8
UNO Minda Ltd.
13,750
exited
—
1.8
Mankind Pharma Ltd.
2,500
exited
—
0.6
Grasim Industries Ltd.
500
exited
—
0.2
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹15 cr
₹15 cr
+₹0 cr
The list above is stocks and fund units. Treasury bills, repo and money-market
lines roll over every month by design — they are not decisions, so they are totalled here rather
than listed as activity.
A ₹10,000 monthly SIP over five years
Invested
Value
Gain
XIRR
₹600,000
₹705,598
₹105,598
6.42%
XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has
been invested for a different length of time.
Not investment advice. MF Analyser is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 12 Nov 2026.
