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Arbitrage FundUnion Asset Management Company Private Limited

Union Arbitrage Fund - Direct Plan - Growth Option

Benchmark: Nifty 50 Arbitrage · Riskometer: Low

₹15.5992

NAV (2026-08-31)

₹220.561 Cr

AUM (2026-08-31)

1.52%

EXPENSE RATIO (DIRECT)

2019-01-30

INCEPTION

CQuality · 50/100
?Safety · -/100
BCompound · 65.9/100

Punji Fund Health Score - percentile-within-category. See methodology.

CHART

Rolling CAGR by holding period - min, median, max

Each group is one holding-period length. Full range of outcomes across every overlapping window in the fund's history, not one trailing number.

0%2.4%4.8%7.2%9.6%1Y3Y5Y7Y
Min rolling CAGRMedian rolling CAGRMax rolling CAGR
MetricValuePercentileCategory median
3Y Rolling CAGR5.9%19.23th 6.6%

Arbitrage funds target a small, steady spread rather than market returns, so beta and alpha against an equity index describe nothing useful.

CHART

Top sector holdings

Share of portfolio (% to NAV) in each of the top sectors.

25.74%11.9%TOP 30100%
Other 25.74%Banks 11.9%Telecom - Services 5.49%Automobiles 5.38%Finance 5.3%Pharmaceuticals & Biotechnology 4.37%Insurance 4.07%Ferrous Metals 4.05%Petroleum Products 3.36%Cement & Cement Products 2.97%IT - Software 2.83%Healthcare Services 2.69%Electrical Equipment 2.63%Power 2.4%Transport Services 2.36%Realty 1.89%Diversified FMCG 1.67%Auto Components 1.64%Agricultural Food & other Products 1.27%Retailing 1.14%Transport Infrastructure 1.11%Fertilizers & Agrochemicals 0.94%Gas 0.86%Non - Ferrous Metals 0.82%Construction 0.73%Chemicals & Petrochemicals 0.73%Agricultural, Commercial & Construction Vehicles 0.51%Capital Markets 0.48%Aerospace & Defense 0.42%Minerals & Mining 0.25%

TOP HOLDINGS

Union Money Market Fund - Direct Plan ()14.69%
Bank of Baroda** ()6.37%
Reliance Industries Ltd. (Petroleum Products)3.36%
HDFC Bank Ltd. (Banks)3.31%
Bharti Airtel Ltd. (Telecom - Services)3.19%
TREPS ()2.83%
Kotak Mahindra Bank Ltd. (Banks)2.45%
Vodafone Idea Ltd. (Telecom - Services)2.3%
Bharat Heavy Electricals Ltd. (Electrical Equipment)2.08%
Max Financial Services Ltd. (Insurance)2.04%

Arbitrage funds all target the same small, steady spread, so behaviour-based matching cannot separate them.

21.577

P/E Ratio

1.0488

Dividend Yield (%)

12.12

Portfolio Turnover - Total (%)

5.3084

YTM (%)

0.49

Macaulay Duration (yrs)

0.49

Modified Duration (yrs)

0.49

Avg Maturity (yrs)

CHART

Asset Allocation

As of Jul-2026

74.26%10.92%TOP 385%
Equity 74.26%Debt 0.13%Cash 10.92%

CHART

Market Cap Split

As of Jul-2026

59.72%11.98%TOP 374%
Large 59.72%Mid 11.98%Small 2.56%

CHART

Credit Quality

As of Jul-2026

6.37%TOP 47%
AAA 0%AA 0%Sovereign 0.13%Other 6.37%

Portfolio analytics as of Jul-2026.

Data as of 2026-09-02. Source: AMFI disclosures via Punji. Not investment advice.