Union Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV: ₹ 1158.99 as on 16-04-2024
Fund Performance
About the Union Money Market Fund Direct Growth
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
- Union Money Market Fund Direct Growth has ₹202 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Union Money Market Fund Direct Growth Overview
 | 0.29% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹202 Cr |
 | 26 August, 2021 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 297.02% |
Union Money Market Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
48.2%
Corporate
32.9%
Government
18.9%
Top Holdings of Union Money Market Fund Direct Growth as on (31-Mar-24)
Debt Holdings14
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Limited | 4.86% | 0% | |
LIC Housing Finance Limited | 4.86% | 0% | |
Bajaj Finance Limited | 4.79% | 0% | |
ICICI Bank Limited | 4.74% | 0% | |
364 DTB 05122024 | 4.72% | 0% |
See all
Union Money Market Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 202.3 Cr as of Mar'24
- AUM increased by 32.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Union Money Market Fund Direct Growth Fund Manager
Devesh Thacker
Fund Manager of Union Money Market Fund Direct Growth, since 26 August 2021
Top funds managed
Union Money Market Fund Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.75% since inception which is more than its category average return of 4.97%
AUM size ₹202 Cr
This fund has AUM of ₹202 Cr which is less than its category average of ₹ 5811 Cr
Expense Ratio 0.29%
This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Union Money Market Fund Direct Growth is ₹1158.99 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Union Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.73% | 0.73% |
6 Month Returns | 3.64% | 3.64% |
1 Year Returns | 7.23% | 7.23% |
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.
0.29% as on March 2024
₹202 Cr as on March 2024
Axis Bank Limited(4.86%), LIC Housing Finance Limited(4.86%), Bajaj Finance Limited(4.79%), ICICI Bank Limited(4.74%), 364 DTB 05122024(4.72%) as on March 2024
Cash Equivalent(48.23%), Corporate(32.87%), Government(18.9%) as on March 2024
Yield to Maturity is 7.38 as on March 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 0.41 as on March 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%