A managed mix of asset classes or strategies
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the Investment Objective of the scheme will be achieved.
Investors who understand that the risk depends on the scheme's actual equity, debt and derivative mix.
Market, credit, interest-rate and allocation risk can operate together.
How the money may be invested
Equity and Equity related instruments (as part of hedged / arbitrage exposure)*: 65% - 90% of net assets; Debt and Money Market Instruments including margin money deployed for derivatives transactions**: 10%-35% of net assets. *Equity allocation so built, at any point in time, would be completely hedged out, using derivative instruments that provide an equal but opposite exposure, thereby making the Net exposure market neutral. In case the fund is not able to have a net market-neutral position due to any operational reason such as short delivery in the cash market etc., the fund will endeavour to rebalance the portfolio to a net market-neutral position at the earliest. **Exposure in debt instruments in CDs, government securities with maturities up to 1-year, overnight Debt securities, mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements. Please refer the Scheme Information Document for complete details.
- SEBI category
- Arbitrage Fund
- Fund type
- An open ended scheme investing in arbitrage opportunities. No investment in InvITs is permitted
- Primary benchmark
- NIFTY 50 Arbitrage Index# #Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Formerly Indian Index Services & Products Limited) (IISL). NSE Indices Limited does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in the “the Product” linked to NIFTY 50 Arbitrage Indexor particularly in the ability of the NIFTY 50 Arbitrage Index, to track general stock market performance in India. Please read the full Disclaimer in relation to the NIFTY 50 Arbitrage Index in the Scheme Information Document.
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- FM 1 Mr. Vishal Thakker,FM 2 Mr. Devesh Thacker
- Manager tenure on this scheme
- Since 20-02-2019
- Role / co-management
- comanage
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Union Arbitrage Fund - Direct Plan - Growth Option | ₹15.6104 | 04 Sep 2026 |
| Union Arbitrage Fund - Direct Plan - IDCW Option | ₹15.2399 | 04 Sep 2026 |
| Union Arbitrage Fund - Regular Plan - Growth Option | ₹14.9776 | 04 Sep 2026 |
| Union Arbitrage Fund - Regular Plan - IDCW Option | ₹14.6245 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 2.14%, Direct 1.52%
- Exit load
- 0.25% if units are redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil if units are redeemed or switched out after completion of 1 month from the date of allotment of units
- Minimum application
- 1000 · multiples of 1
- SIP frequency
- SIP - Daily, Weekly, Fortnightly and Monthly, STP - Daily, Weekly, Fortnightly, Monthly ,Quarterly and Half yearly SWP - Daily, Monthly ,Quarterly, Half yearly and Yearly
- Minimum SIP amount
- SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, STP - Rs. 100 for all frequencies SWP - Rs. 500 for all frequencies
- Minimum instalments
- SIP - 6 instalments for all frequencies, STP - 6 instalments for all frequencies SWP - 6 instalments for all frequencies
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.