Union Overnight Fund Direct Growth is a debt fund. This fund was started on 27 March, 2019. The fund is managed by Tarun Singh, Devesh Thacker. This fund is suitable to keep your money safe.
Union Overnight Fund Direct Growth has given a CAGR return of 5.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.64%, 6.28% and 5.00% respectively.
Union Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 DTB 28032025, 182 Days Tbill
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
The investment objective of the Scheme is to generate returns by investing in Debt and Money Market Instruments with overnight maturity. 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 Overnight Fund Direct Growth has no lock in period.
Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹195 Cr |
Inception Date | 27 March, 2019 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 42.24% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low Risk |
as on (27-Mar-25)
as on (31-Dec-69)
Top Sector in February was Government
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Union Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.48% | 0.48% |
6 Month Returns | 3.2% | 3.2% |
1 Year Returns | 6.64% | 6.64% |
3 Years Returns | 20.03% | 6.28% |
5 Years Returns | 27.63% | 5% |
AAA | 100 |