Arbitrage · Hybrid

Union Arbitrage Fund

Union Asset Management Company Private Limited

Benchmark

Nifty 50 Arbitrage Index

Riskometer

Low

Size

₹222 cr

Allotted

20 Feb 2019

Holdings as of

30 Sep 2026

Union Arbitrage Fund is a arbitrage fund of Union Asset Management Company Private Limited with ₹222 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 3 periods. Its direct plan charges 1.61% a year. Vishal Thakker has managed it for 7.6 years.

Has Union Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 0 of 3 periods in AMFI's figures; +6.51% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.60%	−3.60%	—
3 months	+1.63%	−5.03%	—
6 months	+3.19%	−1.83%	—
1 year	+6.54%	−4.06%	+10.60 pts
3 years	+7.17%	+9.27%	−2.10 pts
5 years	+6.57%	+8.00%	−1.43 pts
10 years	—	+12.69%	—
Since start from 27 Feb 2019	+6.09%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.51%	+5.87%	+7.01%	−0.50	🔒
3y	+7.12%	+6.48%	+7.30%	−0.18	🔒
5y	+6.55%	+5.92%	+6.68%	−0.13	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Feb 2019 to 14 Oct 2026

Fund 157Nifty 500 TRI 267

₹100 put in at the start of Feb 2019 would be ₹157 on 14 Oct 2026, against ₹267 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Union Arbitrage Fund cost?

1.61% a year on the direct plan, 2.24% on the regular plan; 28 of 40 funds in its category charge less.

Direct plan

1.61% a year

Category median 1.44%

Regular plan

2.24% a year

Category median 2.07%

Gap

0.63 points

for the same holdings

28 of 40 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Scheme - Arbitrage Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Union Arbitrage Fund?

Vishal Thakker, since 20 Feb 2019; Devesh Thacker, since 20 Feb 2019.

Vishal Thakker

7.6 years

since 20 Feb 2019

Devesh Thacker

7.6 years

since 20 Feb 2019

Benchmark as filedNIFTY 50 Arbitrage Index# #Benchmark Disclaimer: The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE Indices Limited (Form

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

From 39 Scheme Summary Documents filed with NSE, first on 16 Apr 2026; as on 12 Oct 2026

What does Union Arbitrage Fund hold?

166 holdings as of 30 Sep 2026; the ten largest are 39.4% of the fund, the largest Patanjali Foods Ltd. at 3.9%.

Mix

Holdings as of 30 Sep 2026

Equity70.5%Debt6.9%Cash9.2%Other-128.3%

Holdings

166

77 shares

Top ten

39.4%

of the fund

Effective holdings

50.6

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

Patanjali Foods Ltd.3.91%

Reliance Industries Ltd.3.03%

Vodafone Idea Ltd.2.36%

ICICI Bank Ltd.2.19%

PB Fintech Ltd.2.10%

Five largest industries

% of fund

Banks16.1%

Finance8.90%

Automobiles7.50%

Ferrous Metals7.40%

Agricultural Food & other Products7.00%

By company size

% of equity · SEBI size lists

Large Cap72.1%Mid Cap25.8%Small Cap2.0%

How does Union Arbitrage Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Union Arbitrage Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker

Nearest to the Nifty 50: 50% of it differs from the index (an active fund is usually above 60%).

Active share 50.3%60%

Funds that hold much the same

% of holdings in common

ADITYA BIRLA SUN LIFE ARBITRAGE FUND56.3% the same

75 shared holdings

Nippon India Arbitrage Fund52.8% the same

71 shared holdings

HDFC Arbitrage Fund52.7% the same

74 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Union Arbitrage Fund?

Vishal Thakker (manager) since 20 Feb 2019; Devesh Thacker (manager) since 20 Feb 2019.

What is the expense ratio of Union Arbitrage Fund?

1.61% a year on the direct plan and 2.24% on the regular plan (expense report, Oct 2026).

How has Union Arbitrage Fund done?

Its direct plan returned +7.12% a year over 3 years against +7.30% for its benchmark, Nifty 50 Arbitrage Index, as of 13 Oct 2026.