Fund manager · Union

Devesh Thacker

Fund Manager - Fixed Income at Union. Runs 7 schemes worth ₹7,302 Cr.

Fund house
UnionThey run their schemes at Union.
AUM they run
₹7,302 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
7 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.
Experience
26 years26 years

Profile^{(Union's SAI, 30 Jun 2026)}

About

Role: Fund Manager - Fixed Income
Studied: MBA (Finance), B.Com.
Age: 49 years
Experience: 26 years

Schemes now7

Union Liquid Fund₹5,014 Cr
Union Money Market Fund₹1,120 Cr
Union Overnight Fund₹657 Cr
Union Ultra Short to Short Term Fund₹228 Cr
Union Arbitrage Fund₹220 Cr
Union Dynamic Term Fund₹62 Cr
and 1 more, all below

AUM they run^{(Feb 2019 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	7,302	−27.8%
Aug 2026	10,115	+2.3%
Jul 2026	9,883	+12.1%
Jun 2026	8,817	−23.3%
May 2026	11,500	+11.0%
Apr 2026	10,357	+29.2%
Mar 2026	8,018	−20.5%
Feb 2026	10,088	+7.0%
Jan 2026	9,432	+22.6%
Dec 2025	7,691	−17.7%
Nov 2025	9,350	+13.6%
Oct 2025	8,233	+25.7%

AUM at month end, Sept 2026

₹7,302

−11.3% since Oct 2025

Fig. 1.The AUM of the schemes Devesh Thacker ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time^{(Jun 2011 – now)}

Union20122014201620182020202220242026

Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes^{(Jun 2011 – now)}

Union

7 now · since Jun 2011

Union Liquid Fund
Co-managerJun 2011—15y 5m₹5,014 CrLiquidTER 0.07%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance^{(6 schemes)}

Growth · Direct plans, Regular before 2013

Return as manager: +5.90%
Beat peers: 1 of 6
vs peers: −0.19 pt
Longest run: 15.3 years
Beat benchmark: Upcoming

Each scheme Devesh Thacker ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

Union Liquid Fund	Jun '11–now · 15.3y	+44.11%	+7.24%	+36.87 pt	–	–
Union Dynamic Term Fund	Jun '18–now · 8.4y	+5.70%	+7.16%	−1.46 pt	–	–
Union Arbitrage Fund	Feb '19–now · 7.6y	+6.10%	+6.29%	−0.18 pt	–	–
Union Overnight Fund	Mar '19–now · 7.5y	+5.11%	+5.15%	−0.05 pt	–	–
Union Money Market Fund	Aug '21–now · 5.1y	+6.44%	+6.64%	−0.21 pt	–	–
Union Ultra Short to Short Term Fund	Jul '25–now · 1.2y	+5.68%	+6.14%	−0.47 pt	–	–

Fig. 1.Each scheme Devesh Thacker ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(4 now)}

Parijat AgrawalLiquid Fund · Money Market Fund · Dynamic Term Fund3 schemes
Anindya SarkarUltra Short to Short Term Fund · Fixed Maturity Plan FMP Series 13 1114 Days2 schemes
Tarun SinghOvernight Fund1 scheme
Vishal ThakkerArbitrage Fund1 scheme

Career^{(Oct 1999 – now)}

Over 26 years experience in Fund Management & Banking Industry

Position not stated
Nov 2010—16y

with Union Asset Management Company Pvt. Ltd as the Fund Manager Fixed Income

Position not stated
Jun 2008—Nov 20102y 6m

with Sahara Asset Management Co. Pvt. Ltd. as Fund Manager - Fixed Income

Position not stated
Dec 2004—May 20083y 6m

with ICICI Bank Limited, Retail Operations and Branch Banking

Position not stated
Oct 2002—Dec 20042y 3m

with Dolat Capital Markets Limited as a Dealer in Fixed Income, handling institutional client's deals and queries

Position not stated
Jan 2002—Sept 20029m

with Orbis Securities (India Bulls) Limited, as a Dealer in Fixed Income

Position not stated
Oct 1999—Jan 20022y 4m

Source.Union's Statement of Additional Information, as of 30 Jun 2026.