Union Arbitrage Fund holds 165 instruments (70.55% equity), led by Patanjali Foods Limited (3.91%), Reliance Industries Limited (3.03%) and Vodafone Idea Limited (2.36%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Union Arbitrage Fund, managed by Union Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 165 instruments with an equity allocation of 70.55%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Union Arbitrage Fund's top 10 holdings account for 22.93% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 25.36% of net assets, spread across 11 sectors in total. Since its 31 August 2026 disclosure, the fund added 16 new positions and exited 7 positions, with Bharti Airtel Limited seeing the largest move (-1.94pp to 0.87%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| UPL Limited | 0.9% → 2.1% | ▲ +1.2 |
| ICICI Bank Limited | 1.43% → 2.19% | ▲ +0.76 |
| Hindalco Industries Limited | 0.45% → 1.05% | ▲ +0.6 |
| Hero MotoCorp Limited | 0.15% → 0.68% | ▲ +0.53 |
| Mahindra & Mahindra Limited | 0.62% → 0.94% | ▲ +0.32 |
| Tata Steel Limited | 1.54% → 1.85% | ▲ +0.31 |
| Shriram Finance Limited | 0.46% → 0.77% | ▲ +0.31 |
| Coforge Limited | 0.26% → 0.42% | ▲ +0.16 |
| Adani Ports and Special Economic Zone Limited | 1.06% → 1.21% | ▲ +0.15 |
| HDFC Life Insurance Company Limited | 0.38% → 0.52% | ▲ +0.14 |
| Stock | Weight | Change |
|---|---|---|
| Bharti Airtel Limited | 2.81% → 0.87% | ▼ -1.94 |
| Max Financial Services Limited | 2% → 0.65% | ▼ -1.35 |
| NTPC Limited | 2.07% → 0.99% | ▼ -1.08 |
| Cipla Limited | 1.44% → 0.39% | ▼ -1.05 |
| Kotak Mahindra Bank Limited | 2.7% → 1.78% | ▼ -0.92 |
| SBI Life Insurance Company Limited | 1.66% → 0.75% | ▼ -0.91 |
| Manappuram Finance Limited | 1.11% → 0.26% | ▼ -0.85 |
| HDFC Bank Limited | 2.63% → 1.8% | ▼ -0.83 |
| Polycab India Limited | 1.45% → 0.82% | ▼ -0.63 |
| Patanjali Foods Limited | 4.51% → 3.91% | ▼ -0.6 |
% to NAV of the fund's current top holdings over its last 2 monthly disclosures (Aug – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Union Money Market Fund - Direct Plan - Growth Optionmf | — | 13.38% |
| 2 | BANK OF BARODA - CDbond | — | 6.63% |
| 3 | TREPStreps | — | 6.5% |
| 4 | Patanjali Foods Limited | Consumer Staples | 3.91% |
| 5 | Reliance Industries Limited | Energy | 3.03% |
| 6 | Net Receivable / Payableother | — | 2.69% |
| 7 | Vodafone Idea Limited | Telecommunication | 2.36% |
| 8 | ICICI Bank Limited | Financial Services | 2.19% |
| 9 | PB Fintech Limited | Financial Services | 2.1% |
| 10 | UPL Limited | Materials | 2.1% |
| 11 | Tata Steel Limited | Materials | 1.85% |
| 12 | JSW Steel Limited | Materials | 1.81% |
| 13 | HDFC Bank Limited | Financial Services | 1.8% |
| 14 | Kotak Mahindra Bank Limited | Financial Services | 1.78% |
| 15 | State Bank of India | Financial Services | 1.44% |
| 16 | Axis Bank Limited | Financial Services | 1.36% |
| 17 | Eicher Motors Limited | Consumer Discretionary | 1.33% |
| 18 | One 97 Communications Limited | Financial Services | 1.33% |
| 19 | Bajaj Finance Limited | Financial Services | 1.31% |
| 20 | BSE Limited | Financial Services | 1.29% |
| 21 | Adani Ports and Special Economic Zone Limited | Services | 1.21% |
| 22 | L&T Finance Limited | Financial Services | 1.11% |
| 23 | Sun Pharmaceutical Industries Limited | Healthcare | 1.1% |
| 24 | Infosys Limited | Information Technology | 1.09% |
| 25 | Hindalco Industries Limited | Materials | 1.05% |
| 26 | TVS Motor Company Limited | Consumer Discretionary | 1.05% |
| 27 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 1.05% |
| 28 | The Federal Bank Limited | Financial Services | 1.01% |
| 29 | NTPC Limited | Utilities | 0.99% |
| 30 | Apollo Hospitals Enterprise Limited | Healthcare | 0.98% |
| 31 | InterGlobe Aviation Limited | Services | 0.95% |
| 32 | Jio Financial Services Limited | Financial Services | 0.95% |
| 33 | Mahindra & Mahindra Limited | Consumer Discretionary | 0.94% |
| 34 | Steel Authority of India Limited | Materials | 0.93% |
| 35 | Cholamandalam Investment and Finance Company Limited | Financial Services | 0.92% |
| 36 | Bharat Heavy Electricals Limited | Industrials | 0.89% |
| 37 | Titan Company Limited | Consumer Discretionary | 0.88% |
| 38 | Bharti Airtel Limited | Telecommunication | 0.87% |
| 39 | ITC Limited | Consumer Staples | 0.83% |
| 40 | Polycab India Limited | Industrials | 0.82% |
| 41 | Larsen & Toubro Limited | Industrials | 0.78% |
| 42 | Shriram Finance Limited | Financial Services | 0.77% |
| 43 | SBI Life Insurance Company Limited | Financial Services | 0.75% |
| 44 | Hindustan Unilever Limited | Consumer Staples | 0.74% |
| 45 | Maruti Suzuki India Limited | Consumer Discretionary | 0.71% |
| 46 | Delhivery Limited | Services | 0.7% |
| 47 | Ambuja Cements Limited | Materials | 0.69% |
| 48 | Hero MotoCorp Limited | Consumer Discretionary | 0.68% |
| 49 | Divi's Laboratories Limited | Healthcare | 0.68% |
| 50 | Bharat Forge Limited | Consumer Discretionary | 0.66% |
| 51 | Max Financial Services Limited | Financial Services | 0.65% |
| 52 | JINDAL STEEL LIMITED | Materials | 0.65% |
| 53 | Life Insurance Corporation Of India | Financial Services | 0.63% |
| 54 | Coal India Limited | Energy | 0.63% |
| 55 | Bajaj Auto Limited | Consumer Discretionary | 0.59% |
| 56 | Biocon Limited | Healthcare | 0.59% |
| 57 | UltraTech Cement Limited | Materials | 0.57% |
| 58 | Bajaj Finserv Limited | Financial Services | 0.57% |
| 59 | Yes Bank Limited | Financial Services | 0.53% |
| 60 | HDFC Life Insurance Company Limited | Financial Services | 0.52% |
| 61 | Zydus Lifesciences Limited | Healthcare | 0.48% |
| 62 | Kalyan Jewellers India Limited | Consumer Discretionary | 0.48% |
| 63 | RBL Bank Limited | Financial Services | 0.47% |
| 64 | Multi Commodity Exchange of India Limited | Financial Services | 0.44% |
| 65 | Bharat Electronics Limited | Industrials | 0.43% |
| 66 | Coforge Limited | Information Technology | 0.42% |
| 67 | Muthoot Finance Limited | Financial Services | 0.41% |
| 68 | Bank of Baroda | Financial Services | 0.4% |
| 69 | Cipla Limited | Healthcare | 0.39% |
| 70 | IndusInd Bank Limited | Financial Services | 0.37% |
| 71 | Adani Energy Solutions Limited | Utilities | 0.36% |
| 72 | Power Grid Corporation of India Limited | Utilities | 0.36% |
| 73 | Torrent Pharmaceuticals Limited | Healthcare | 0.36% |
| 74 | Nestle India Limited | Consumer Staples | 0.3% |
| 75 | Tech Mahindra Limited | Information Technology | 0.29% |
| 76 | Manappuram Finance Limited | Financial Services | 0.26% |
| 77 | NMDC Limited | Materials | 0.24% |
| 78 | JSW Energy Limited | Utilities | 0.17% |
| 79 | Hindustan Aeronautics Limited | Industrials | 0.16% |
| 80 | 91 Days Treasury Billstbill | — | 0.14% |
| 81 | 91 Days Treasury Billsbond | — | 0.11% |
| 82 | Bharat Petroleum Corporation Limited | Energy | 0.03% |
| 83 | Container Corporation of India Limited | Services | 0.03% |
| 84 | Bharat Petroleum Corporation Ltdother | — | -0.03% |
| 85 | Container Corporation of India Ltdother | — | -0.03% |
| 86 | Kotak Mahindra Bank Ltdother | — | -0.15% |
| 87 | Hindustan Aeronautics Ltdother | — | -0.16% |
| 88 | JSW Energy Ltdother | — | -0.17% |
| 89 | NMDC Ltdother | — | -0.23% |
| 90 | Manappuram Finance Ltdother | — | -0.26% |
| 91 | Tech Mahindra Ltdother | — | -0.29% |
| 92 | Nestle India Ltdother | — | -0.3% |
| 93 | Power Grid Corporation of India Ltdother | — | -0.36% |
| 94 | Torrent Pharmaceuticals Ltdother | — | -0.36% |
| 95 | IndusInd Bank Ltdother | — | -0.37% |
| 96 | Shriram Finance Ltdother | — | -0.37% |
| 97 | Adani Energy Solutions Ltdother | — | -0.37% |
| 98 | Cipla Ltdother | — | -0.39% |
| 99 | Bank of Barodaother | — | -0.4% |
| 100 | Muthoot Finance Ltdother | — | -0.41% |
| 101 | Shriram Finance Ltdother | — | -0.41% |
| 102 | Coforge Ltdother | — | -0.42% |
| 103 | Bharat Electronics Ltdother | — | -0.43% |
| 104 | Multi Commodity Exchange of India Ltdother | — | -0.44% |
| 105 | Vodafone Idea Ltdother | — | -0.46% |
| 106 | RBL Bank Ltdother | — | -0.47% |
| 107 | Kalyan Jewellers India Ltdother | — | -0.48% |
| 108 | Zydus Lifesciences Ltdother | — | -0.48% |
| 109 | HDFC Life Insurance Company Ltdother | — | -0.52% |
| 110 | Yes Bank Ltdother | — | -0.54% |
| 111 | Ultratech Cement Ltdother | — | -0.57% |
| 112 | Bajaj Finserv Ltdother | — | -0.57% |
| 113 | Biocon Ltdother | — | -0.6% |
| 114 | Bajaj Auto Ltdother | — | -0.6% |
| 115 | Coal India Ltdother | — | -0.63% |
| 116 | Life Insurance Corporation of Indiaother | — | -0.64% |
| 117 | Max Financial Services Ltdother | — | -0.65% |
| 118 | Jindal Steel Ltdother | — | -0.65% |
| 119 | Bharat Forge Ltdother | — | -0.66% |
| 120 | Hero MotoCorp Ltdother | — | -0.68% |
| 121 | Divi's Laboratories Ltdother | — | -0.68% |
| 122 | Ambuja Cements Ltdother | — | -0.7% |
| 123 | Delhivery Ltdother | — | -0.7% |
| 124 | Maruti Suzuki India Ltdother | — | -0.71% |
| 125 | Hindustan Unilever Ltdother | — | -0.74% |
| 126 | SBI Life Insurance Co. Ltdother | — | -0.75% |
| 127 | Larsen & Toubro Ltdother | — | -0.78% |
| 128 | Polycab India Ltdother | — | -0.83% |
| 129 | ITC Ltdother | — | -0.83% |
| 130 | Titan Company Ltdother | — | -0.88% |
| 131 | Bharti Airtel Ltdother | — | -0.88% |
| 132 | ICICI Bank Ltdother | — | -0.89% |
| 133 | Bharat Heavy Electricals Ltdother | — | -0.89% |
| 134 | HDFC Bank Ltdother | — | -0.89% |
| 135 | Steel Authority of India Ltdother | — | -0.91% |
| 136 | Cholamandalam Investment & Finance Co. Ltdother | — | -0.92% |
| 137 | Mahindra & Mahindra Ltdother | — | -0.94% |
| 138 | HDFC Bank Ltdother | — | -0.94% |
| 139 | Interglobe Aviation Ltdother | — | -0.95% |
| 140 | Jio Financial Services Ltdother | — | -0.95% |
| 141 | Apollo Hospitals Enterprise Ltdother | — | -0.97% |
| 142 | NTPC Ltdother | — | -0.99% |
| 143 | The Federal Bank Ltdother | — | -1.03% |
| 144 | Tata Consumer Products Ltdother | — | -1.05% |
| 145 | Hindalco Industries Ltdother | — | -1.06% |
| 146 | TVS Motor Company Ltdother | — | -1.06% |
| 147 | Infosys Ltdother | — | -1.1% |
| 148 | Sun Pharmaceutical Industries Ltdother | — | -1.11% |
| 149 | L&T Finance Ltdother | — | -1.12% |
| 150 | Adani Ports and Special Economic Zone Ltdother | — | -1.2% |
| 151 | BSE Ltdother | — | -1.3% |
| 152 | ICICI Bank Ltdother | — | -1.31% |
| 153 | Bajaj Finance Ltdother | — | -1.32% |
| 154 | One 97 Communications Ltdother | — | -1.33% |
| 155 | Eicher Motors Ltdother | — | -1.34% |
| 156 | Axis Bank Ltdother | — | -1.36% |
| 157 | State Bank of Indiaother | — | -1.45% |
| 158 | Kotak Mahindra Bank Ltdother | — | -1.63% |
| 159 | JSW Steel Ltdother | — | -1.83% |
| 160 | Tata Steel Ltdother | — | -1.86% |
| 161 | Vodafone Idea Ltdother | — | -1.91% |
| 162 | UPL Ltdother | — | -2.1% |
| 163 | PB Fintech Ltdother | — | -2.11% |
| 164 | Reliance Industries Ltdother | — | -3.04% |
| 165 | Patanjali Foods Ltdother | — | -3.93% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: Union Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.