Fundalysisby DARKHORSESTOCKS

Fund manager · Union

Shrenuj Parekh

Co- Fund Manager - Fixed Income at Union. Runs 3 schemes worth ₹450 Cr.

  • Fund house

    UnionThey run their schemes at Union.

  • AUM they run

    ₹450 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

    3 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    13 years13 years

Profile(Union's SAI, 30 Jun 2026)

About

Role
Co- Fund Manager - Fixed Income
Studied
Chartered Accountant, ICAI, Bachelor of Commerce, University of Mumbai, N.M. College of Commerce and Economics
Age
33 years
Experience
13 years

Schemes now3

  1. Union Corporate Bond Fund₹284 Cr
  2. Union Short Term Fund₹111 Cr
  3. Union Income Plus Arbitrage Active FoF₹55.1 Cr

AUM they run(Jul 2023 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 2026450−2.2%
Aug 2026460+0.9%
Jul 2026456−9.6%
Jun 2026505−17.0%
May 2026608−8.5%
Apr 2026665−6.8%
Mar 2026714−12.6%
Feb 2026816−8.4%
Jan 2026891−4.3%
Dec 2025931−20.5%
Nov 20251,171−5.3%
Oct 20251,237+15.1%
AUM at month end, Sept 2026
₹450 Cr
−63.6% since Oct 2025
Fig. 1.The AUM of the schemes Shrenuj Parekh 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(Jul 2023 – now)

  1. Corporate Bond Fund
  2. Short Term Fund
  3. Income Plus Arbitrage Active FoF
Union202420252026
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(Jul 2023 – now)

Union

3 now · since Jul 2023
  1. Union Corporate Bond Fund
    Co-managerJul 2023—3y 4m₹284 CrCorporate BondTER 0.41%

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

Performance(3 schemes)

Growth · Direct plans

Return as manager
+6.15%
Beat peers
0 of 3
vs peers
−0.85 pt
Longest run
3.3 years
Beat benchmark
Upcoming
Each scheme Shrenuj Parekh ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Union Corporate Bond Fund
Jul '23–now · 3.3y
+6.64%+7.03%−0.39 pt––
Union Short Term Fund
Feb '25–now · 1.7y
+6.15%+7.00%−0.85 pt––
Union Income Plus Arbitrage Active FoF
Jun '25–now · 1.3y
+4.01%+5.47%−1.47 pt––
Fig. 1.Each scheme Shrenuj Parekh ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Anindya SarkarCorporate Bond Fund · Short Term Fund · Income Plus Arbitrage Active FoF3 schemes
  2. Parijat AgrawalCorporate Bond Fund1 scheme
  3. Vishal ThakkerIncome Plus Arbitrage Active FoF1 scheme

Career(Sept 2012 – now)

Industry experience: Over 13 years of experience in the field of Finance

  1. Position not stated
    Jun 2023—3y 5m

with Union Asset Management Company Private Limited as Co- Fund Manager - Fixed Income

  1. Position not stated
    Jan 2020—Jun 20233y 6m

with Union Asset Management Company Private Limited as Credit Analyst

  1. Position not stated
    Nov 2018—Jan 20201y 3m

with CRISIL Ratings Limited as Senior Rating Analyst, Large Corporate Group - Finance

  1. Position not stated
    Oct 2015—Oct 20183y 1m

with Axis Bank as Deputy Manager, Risk

  1. Position not stated
    Sept 2012—Sept 20153y 1m

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