How to Invest in Union Corporate Bond Fund Direct Growth?

You can easily invest in Union Corporate Bond Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Union Corporate Bond Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Union Corporate Bond Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Corporate Bond Fund Direct Growth provide?

The Union Corporate Bond Fund Direct Growth has been there from 25 May 2018 and the average annual returns provided by this fund is 6.23% since its inception.

How much expense ratio is charged by Union Corporate Bond Fund Direct Growth?

The term Expense Ratio used for Union Corporate Bond Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Union Corporate Bond Fund Direct Growth is 0.46% as of 06 Jun 2026...

What is the AUM of Union Corporate Bond Fund Direct Growth?

The AUM, short for Assets Under Management of Union Corporate Bond Fund Direct Growth is ₹513.78Cr as of 06 Jun 2026.

How to Redeem Union Corporate Bond Fund Direct Growth?

If you want to sell your Union Corporate Bond Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Corporate Bond Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Corporate Bond Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Corporate Bond Fund Direct Growth?

The NAV of Union Corporate Bond Fund Direct Growth is ₹16.26 as of 05 Jun 2026.

What is the PE and PB ratio of Union Corporate Bond Fund Direct Growth?

The PE ratio ratio of Union Corporate Bond Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Union Corporate Bond Fund Direct Growth

Name: Union Corporate Bond Fund Direct Growth
Brand: Union Mutual Fund

Debt

Corporate Bond

Moderate Risk

+6.87%

3Y annualised

+0.37% 1D

All

NAV: 05 Jun '26

₹16.26

Min. for SIP

₹500

Fund size (AUM)

₹513.78 Cr

Expense ratio

0.46%

Rating

Return calculator

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
6 months	₹30,000	₹30,098	+0.33%
1 year	₹60,000	₹60,724	+1.21%
3 years	₹1,80,000	₹1,96,913	+9.40%
5 years	₹3,00,000	₹3,49,850	+16.62%

Holdings (38)

Name	Sector	Instruments	Assets
GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100	Entities	GOI Securities	6.42%
MANKIND PHARMA LIMITED SR 3 7.97 NCD 16NV27 FVRS1LAC	Healthcare	Bonds/Debentures	5.86%
BHARTI TELECOM LIMITED SR XXV 7.35 NCD 15OT27 FVRS1LAC	Technology	Debenture	5.79%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25D 7.40 BD 29AP30 FVRS1LAC	Financial	Bonds	4.82%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 161 6.92 BD 31AG31 FVRS10LAC	Financial	Non Convertible Debenture	4.74%
BAJAJ HOUSING FINANCE LIMITED 7.08 NCD 12JU30 FVRS1LAC	Financial	Debenture	4.74%
POWER GRID CORPORATION OF INDIA LIMITED SR LXXIX 7.08 BD 25OT34 FVRS1LAC	Energy & Utilities	Bonds/Debentures	4.71%
JAMNAGAR UTILITIES & POWER PRIVATE LIMITED SR PPD7 7.90 LOA 10AG28 FVRS1LAC	Industrials	Debenture	3.90%
Net Receivables	Unspecified	Net Receivables	2.96%
KOTAK MAHINDRA PRIME LIMITED 7.781 NCD 17SP29 FVRS1LAC	Financial	Non Convertible Debenture	2.91%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 6.74 BD 10JN29 FVRS1LAC	Financial	Debenture	2.85%
POWER FINANCE CORPORATION LIMITED SR 250B 6.64 BD 15JL30 FVRS1LAC	Financial	Debenture	2.82%
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100	Entities	GOI Securities	2.65%
Repo	Unspecified	Repo	2.58%
RELIANCE INDUSTRIES LIMITED SR P 7.79 NCD 10NV33 PPRS50000	Energy & Utilities	Bonds	1.97%
BAJAJ FINANCE LIMITED 8.06 NCD 15MY29 FVRS1LAC	Financial	Bonds	1.96%
KOTAK MAHINDRA PRIME LIMITED 8.12 NCD 21JU27 FVRS1LAC	Financial	Debenture	1.96%
LARSEN AND TOUBRO LIMITED 7.725 NCD 28AP28 FVRS1LAC	Industrials	Bonds/NCDs	1.96%
RURAL ELECTRIFICATION CORPORATION LIMITED 7.77 SR 220-A BD 31MR28 FVRS1LAC	Financial	Non Convertible Debenture	1.96%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC	Financial	Non Convertible Debenture	1.95%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.79 BD 19AP27 FVRS1LAC	Financial	Bonds	1.95%
LIC HOUSING FINANCE LIMITED 7.77 NCD 11AG28 FVRS10LAC	Financial	Bonds/NCDs	1.95%
HDFC BANK LIMITED SR AA008 7.77 NCD 28JU27 FVRS10LAC	Financial	Debenture	1.95%
BAJAJ FINANCE LIMITED SR 286 TR 12 7.90 LOA 13AP28 FVRS10LAC	Financial	Bonds/NCDs	1.95%
POWER FINANCE CORPORATION LTD. SR BS221B 7.59 BD 17JN28 FVRS10LAC	Financial	Debenture	1.95%
NATIONAL HOUSING BANK 7.57 BD 09JN31 FVRS1LAC	Financial	Debenture	1.94%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR F24 7.68 BD 30AP29 FVRS1LAC	Financial	Debenture	1.94%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 172B 7.45 BD 13OT28 FVRS1LAC	Financial	Bonds/NCDs	1.94%
REC LIMITED SR 223B 7.46 BD 30JU28 FVRS1LAC	Financial	Debenture	1.94%
EXPORT IMPORT BANK OF INDIA SR AA02 7.35 BD 27JL28 FVRS1LAC	Financial	Bonds	1.94%
7.62% Power Finance Corporation Ltd. 15-Jul-2033	Financial	Debenture	1.94%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25B 7.64 BD 06DC29 FVRS1LAC	Financial	Bonds	1.94%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.34 BD 26FB29 FVRS1LAC	Financial	Bonds	1.93%
LIC HOUSING FINANCE LTD TR 447 7.57 NCD 18OT29 FVRS1LAC	Financial	Bonds/Debentures	1.93%
NATIONAL HOUSING BANK 7.29 BD 04JL31 FVRS1LAC	Financial	Bonds	1.92%
JIO CREDIT LIMITED SR II 7.08 NCD 26MY28 FVRS1LAC	Financial	Debenture	0.96%
Others Class A2 AIF	Unspecified	Alternative Investment Fund	0.36%
364 Day T-BILL 09 July 2026	Financial	Treasury Bills	0.06%

See All

Minimum investments

Min. for 1st investment

₹1,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹500

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+3.5%	+6.9%	+5.8%	+6.2%
Category average (Debt Corporate Bond)	+7.6%	+7.5%	+5.8%	--
Rank (Debt Corporate Bond)	19	19	19	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Franklin India Corporate Debt Fund Direct Growth	+5.60%	+7.86%	1,283.40
	ICICI Prudential Corporate Bond Fund Direct Plan Growth	+5.09%	+7.46%	32,682.46
	Nippon India Corporate Bond Fund Direct Growth	+4.18%	+7.38%	8,245.51
	Kotak Corporate Bond Fund Direct Growth	+4.28%	+7.30%	16,877.17
	DSP Corporate Bond Fund Direct Growth	+5.43%	+7.06%	2,894.59
Compare

Fund management

SP
Shrenuj Parekh
Jul 2023 - Present
View details

Education

Mr. Parekh has done B.Com and CA

Experience

Prior to joining Union Mutual Fund, Crisil Ltd, Axis Bank and Deloitte

Also manages these schemes

Union Corporate Bond Fund Direct Growth

Union Short Duration Fund Direct Growth

Union Income Plus Arbitrage Active FoF Direct Growth

PA
Parijat Agrawal
May 2018 - Present
View details

Education

Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.

Experience

Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Also manages these schemes

Union Liquid Fund Direct Growth

Union Dynamic Bond Fund Direct Growth

Union Balanced Advantage Fund Direct Growth

Union Corporate Bond Fund Direct Growth

Union Equity Savings Fund Direct Growth

Union Aggressive Hybrid Fund Direct Growth

Union Money Market Fund Direct Growth

Union Gilt Fund Direct Growth

Union Children's Fund Direct Growth

AS
Anindya Sarkar
Nov 2018 - Present
View details

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.

Also manages these schemes

Union Corporate Bond Fund Direct Growth

Union Gilt Fund Direct Growth

Union Multi Asset Allocation Fund Direct Growth

Union Short Duration Fund Direct Growth

Union Income Plus Arbitrage Active FoF Direct Growth

Union Low Duration Fund Direct Growth

About Union Corporate Bond Fund Direct Growth

Union Corporate Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Shrenuj Parekh is the Current Fund Manager of Union Corporate Bond Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹27,363 Cr and the Latest NAV as of 05 Jun 2026 is ₹16.26. The Union Corporate Bond Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. ;