Union Money Market Fund Direct Growth

Union Money Market Fund Direct Growth

Debt

Direct

Money Market

NAV as on 31-10-2024

₹ 1204.25

Inception Returns

6%

/yr

About 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

  1. Union Money Market Fund Direct Growth has ₹167 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

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.

Holdings

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

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.

Historical NAV & Returns

Annualised

Union Money Market Fund Direct Growth Overview

Expense ratio0.2%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹167 Cr
Inception Date26 August, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
172.6%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (31-Oct-24)

Period
Union Money Market Fund Direct Growth
Money Market Index
1M
0.6%
0.4%
3M
1.8%
1.3%
6M
3.7%
2.9%
1Y
7.4%
6.5%
3Y
6.2%
5.8%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
49.2%
Cash Equivalent
38.5%
Government
12.3%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 157.7 Cr
₹ 179.1 Cr
₹ 186.7 Cr
  • AUM of the fund stands at 157.7 Cr as of Sep'24
  • AUM decreased by 21.4 Cr between Sep'24 and Aug'24
Cash allocation has gone up from 64.8% to 69%
Cash allocation has gone up from 64.8% to 69%
Debt allocation has gone down from 34.9% to 30.7%
Debt allocation has gone down from 34.9% to 30.7%

Top 2 Sectors in September were Corporate, Government

Sep'24
Corporate
49%
Government
12%
Aug'24
Corporate
47%
Government
13%
  • Debt & Cash

Holdings
Weight%
1M Change
Axis Bank Limited
Axis Bank Limited
8.6%
0%
HDFC Bank Limited
HDFC Bank Limited
5.94%
0%
364 DTB 13032025
364 DTB 13032025
5.85%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.84%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
5.84%
100%
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Devesh Thacker
Devesh Thacker
Fund Manager of Union Money Market Fund Direct Growth, since 26 August 2021
Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹22.45K Cr
as on 30-Sep-2024
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Website
investorcare@unionmf.com

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 6.02% since inception which is more than its category average return of 5.28%
AUM size ₹167 Cr

AUM size ₹167 Cr

This fund has AUM of ₹167 Cr which is less than its category average of ₹ 10096 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.33%

Frequently Asked Questions for Union Money Market Fund Direct Growth

The current NAV of Union Money Market Fund Direct Growth is ₹1204.25 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
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%
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.
0.2% as on October 2024
₹167 Cr as on October 2024
Axis Bank Limited(8.6%), HDFC Bank Limited(5.94%), 364 DTB 13032025(5.85%), Small Industries Development Bank Of India(5.84%), LIC Housing Finance Limited(5.84%) as on October 2024
Corporate(52.43%), Cash Equivalent(35.89%), Government(11.69%) as on October 2024
Yield to Maturity is 7.3 as on October 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 October 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%