August 19, 2025
RA Jainee
Union Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.4970
NAV IDCW: Rs 10.4970
Suitable For Which Investors?
Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to an actively managed scheme with an investment objective to provide reasonable returns and liquidity by investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns.
Fund Manager:
1) Shrenuj Parekh
Education: Mr. Parekh has done B.Com and CA
Experience: Prior to joining Union Mutual Fund, Crisil Ltd, Axis Bank and Deloitte
2) Anindya Sarkar
Education: Mr. Sarkar is a BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
Experience: Prior to joining Union Asset Management Company Private Limited, he has worked with Sarcon Blockbuild Ltd, Navigators Inc., ICAP India Private Limited.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Union Short Duration Fund
| Fund House | Union Mutual Fund |
| Launch Date | 31-Jan-25 |
| Return Since Launch | 4.97% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 658 Cr |
| (As on 31-Jul-2025) | |
| Expense | 0.33% |
| (As on 31-Jul-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Union Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Short Duration Dir | — | 0.01 | 0.14 | 1.35 | 4.72 | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | 0.02 | 0.32 | 1.17 | 2.53 | — | — | — | — | — |
| Debt: Short Duration | — | -0.02 | 0.12 | 1.26 | 4.65 | — | — | — | — | — |
| Rank within category | — | 4 | 14 | 9 | 14 | — | — | — | — | — |
| Number of funds in category | 25 | 26 | 26 | 26 | 26 | 25 | 23 | 21 | 19 | 17 |
Peer Comparison of Union Short Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Union Short Duration Dir | Unrated | — | — | — | 0.33 | 658 | 4.97 | — | 6M |
| ICICI Pru Short Term Dir | 5 star | 9.02 | 8.43 | 7.18 | 0.45 | 22,070 | 8.58 | — | 12Y 7M |
| HDFC Short Term Debt Dir | 5 star | 8.86 | 8.01 | 6.70 | 0.40 | 18,143 | 8.12 | — | 12Y 7M |
| Axis Short Duration Dir | 4 star | 9.37 | 8.10 | 6.74 | 0.38 | 11,760 | 8.25 | — | 12Y 7M |
| ABSL Short Term Dir | 4 star | 9.03 | 8.09 | 7.14 | 0.36 | 10,524 | 8.66 | — | 12Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 28 | 69 |
| Macaulay Duration (yrs) | 2.72 | 2.66 |
| Average Maturity (yrs) | 3.09 | 3.34 |
| Yield to Maturity (%) | 6.63 | 6.67 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Short Duration Fund
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