Fundalysisby DARKHORSESTOCKS

Fund manager · Union

Vishal Thakker

Dealer - Equity at Union. Runs 3 schemes worth ₹1,433 Cr.

  • Fund house

    UnionThey run their schemes at Union.

  • AUM they run

    ₹1,433 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

    15 years15 years

Profile(Union's SAI, 30 Jun 2026)

About

Role
Dealer - Equity
Studied
Master Finance Management
Age
42 years
Experience
15 years

Schemes now3

  1. Union Balanced Advantage Fund₹1,158 Cr
  2. Union Arbitrage Fund₹220 Cr
  3. Union Income Plus Arbitrage Active FoF₹55.1 Cr

AUM they run(Feb 2020 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20261,433−5.7%
Aug 20261,519−0.5%
Jul 20261,527−1.3%
Jun 20261,547+1.3%
May 20261,527−1.2%
Apr 20261,546+2.9%
Mar 20261,503−10.1%
Feb 20261,672−1.2%
Jan 20261,692−1.8%
Dec 20251,724−2.4%
Nov 20251,766−1.8%
Oct 20251,799+293.2%
AUM at month end, Sept 2026
₹1,433 Cr
−20.4% since Oct 2025
Fig. 1.The AUM of the schemes Vishal Thakker 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(Feb 2019 – now)

  1. Arbitrage Fund
  2. Income Plus Arbitrage Active FoF
  3. Balanced Advantage Fund
Union2020202120222023202420252026
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(Feb 2019 – now)

Union

3 now · since Feb 2019
  1. Union Balanced Advantage Fund
    Co-managerOct 2025—1y 1m₹1,158 CrBalanced AdvantageTER 1.46%

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

Performance(3 schemes)

Growth · Direct plans

Return as manager
+4.01%
Beat peers
0 of 3
vs peers
−0.63 pt
Longest run
7.6 years
Beat benchmark
Upcoming
Each scheme Vishal Thakker ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Union Arbitrage Fund
Feb '19–now · 7.6y
+6.10%+6.29%−0.18 pt––
Union Income Plus Arbitrage Active FoF
Jun '25–now · 1.3y
+4.01%+5.47%−1.47 pt––
Union Balanced Advantage Fund
Oct '25–now · 1.0y
−0.04%+0.58%−0.63 pt––
Fig. 1.Each scheme Vishal Thakker ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(6 now)

  1. Anindya SarkarIncome Plus Arbitrage Active FoF1 scheme
  2. Devesh ThackerArbitrage Fund1 scheme
  3. Gaurav ChopraBalanced Advantage Fund1 scheme
  4. Parijat AgrawalBalanced Advantage Fund1 scheme
  5. Sanjay BembalkarBalanced Advantage Fund1 scheme
  6. Shrenuj ParekhIncome Plus Arbitrage Active FoF1 scheme

Career(Jun 2009 – Feb 2010)

He has also been associated with Emkay Shares & Stock Broking as a Dealer from

  1. Position not stated
    Jun 2009—Feb 20109m

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