About Union Short Term Fund
Union Short Term Fund is a ultra short duration fund managed by Union Mutual Fund. Debt funds with a portfolio duration of 3 to 6 months. Suited to money needed in a few months.
The Scheme is 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. There is no assurance that the investment objective of the Scheme will be achieved
The scheme's stated objective, as published by Union Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth Option | ₹11.069 | 153242 |
| Direct | IDCW Option | ₹11.069 | 153243 |
| Regular | Growth Option | ₹10.9988 | 153240 |
| Regular | IDCW Option | ₹10.9988 | 153241 |
Frequently asked questions
What is the NAV of Union Short Term Fund today?
The NAV of Union Short Term Fund (Direct plan, Growth) is ₹11.069 and the Regular plan NAV is ₹10.9988, as of 18 Sept 2026.
What returns has Union Short Term Fund given?
Over the last year the Direct plan returned 4.99%. Past returns do not guarantee future returns.
What is the expense ratio of Union Short Term Fund?
The Direct plan charges 0.28% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Union Short Term Fund?
You can start a monthly SIP with ₹500, or invest a lump sum of ₹1,000 or more.
How much has Union Short Term Fund fallen in the past?
Its deepest fall was 0.5% from 11 Mar 2026 to 2 Apr 2026. Of every one-year stretch in its history, 100% ended in a gain.
Which category does Union Short Term Fund belong to?
It is a Ultra Short Duration Fund from Union Mutual Fund. Debt funds with a portfolio duration of 3 to 6 months. Suited to money needed in a few months.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Union Short Term Fund taxed?
Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.