Union Money Market Fund Direct Growth

Union Money Market Fund Direct Growth

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Debt
Direct
Money Market
NAV: ₹ 1171.13 as on 12-06-2024

About the Fund

Union Money Market Fund Direct Growth is a debt fund. This fund was started on 26 August, 2021. The fund is managed by Devesh Thacker. This fund is suitable to keep your money safe.

Key Parameters

  1. Union Money Market Fund Direct Growth has ₹181 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Union Money Market Fund Direct Growth has given a CAGR return of 5.81% since inception. Over the last 1 year the fund has given a CAGR return of 7.16%.

Holdings

Union Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Axis Bank Limited, LIC Housing Finance Limited, Bajaj Finance Limited, ICICI Bank Limited, 364 DTB 05122024

Taxation

As it is a money market mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Union Money Market Fund Direct Growth

The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Union Money Market Fund Direct Growth has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.27%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹181 Cr
Inception Date
Inception Date
26 August, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
297.02%

Union Money Market Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
39.6%
Government
31.1%
Cash Equivalent
29.3%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 168.7 Cr
₹ 202.3 Cr
₹ 170.2 Cr
  • AUM of the fund stands at 168.7 Cr as of Apr'24
  • AUM decreased by 33.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Union Money Market Fund Direct Growth as on (31-May-24)

  • Debt & Cash

Debt Holdings17
Holdings
Weight%
1M Change
LIC Housing Finance Limited
LIC Housing Finance Limited
5.49%
0%
Axis Bank Limited
Axis Bank Limited
5.49%
0%
Bajaj Finance Limited
Bajaj Finance Limited
5.41%
0%
ICICI Bank Limited
ICICI Bank Limited
5.35%
0%
The Federal Bank Limited
The Federal Bank Limited
5.32%
0%

Fund Manager

Devesh Thacker
Devesh Thacker
Fund Manager of Union Money Market Fund Direct Growth, since 26 August 2021

Union Money Market Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.81% since inception which is more than its category average return of 4.97%
AUM size ₹181 Cr

AUM size ₹181 Cr

This fund has AUM of ₹181 Cr which is less than its category average of ₹ 7149 Cr
Expense Ratio 0.27%

Expense Ratio 0.27%

This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of Union Money Market Fund Direct Growth is ₹1171.13 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
Union Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.62%
0.62%
6 Month Returns
3.65%
3.65%
1 Year Returns
7.16%
7.16%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.27% as on May 2024
₹181 Cr as on May 2024
Axis Bank Limited(5.49%), LIC Housing Finance Limited(5.49%), Bajaj Finance Limited(5.41%), ICICI Bank Limited(5.35%), 364 DTB 05122024(5.32%) as on May 2024
Corporate(36.71%), Cash Equivalent(34.46%), Government(28.83%) as on May 2024
Yield to Maturity is 7.29 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.5 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Devesh Thacker is the fund manager of Union Money Market Fund Direct Growth
The Exit load of Union Money Market Fund Direct Growth is 0%