Debt
Direct
Money Market
NAV as on 31-10-2024
₹ 1204.25
Inception Returns
6%
/yr
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.
Union Money Market Fund Direct Growth has given a CAGR return of 6.02% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.41% and 6.20% respectively.
Union Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Axis Bank Limited, HDFC Bank Limited, 364 DTB 13032025, Small Industries Development Bank Of India, LIC Housing Finance Limited
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.
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 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.
Expense ratio | 0.2% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹167 Cr |
Inception Date | 26 August, 2021 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 172.6% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (31-Oct-24)
as on (31-Dec-69)
Top 2 Sectors in September were Corporate, Government
Union Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.67% | 3.67% |
1 Year Returns | 7.41% | 7.41% |
3 Years Returns | 19.77% | 6.2% |
5 Years Returns | 0% | 0% |
AAA | 100 |