Union Fixed Maturity Plan - Series 13 - Regular Plan - IDCW Payout Option

Union Fixed Maturity Plan - Series 13 - Regular Plan - IDCW Payout Option sits in the middle of the pack for Target Maturity funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 57/100.

Cost: At 0.2%, the expense ratio runs 18% above the Target Maturity category average of 0.17%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.27 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 22.04% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.