Union Overnight Fund Direct Growth
Union Overnight Fund Direct Growth

Union Overnight Fund Direct Growth

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Debt
Direct
Overnight

NAV: ₹ 1169.8 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
1 people have invested ₹ 1.3L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Axis Overnight Fund Direct Growth has given 5.03% return, outperforming this fund by 0.04%

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In the last 3 years, Mirae Asset Overnight Fund Direct Growth has given 3.9% return, outperforming this fund by 0.11% per annum

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This fund has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.08% which is lower than the category average expense ratio of 0.13%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
3Y
This Fund
0.5%
1.5%
2.9%
5%
3.8%
Benchmark
-
-
-
-
-
About the Fund

Union Overnight Fund Direct Growth is a debt fund. This fund was started on  27 March, 2019. The fund is managed by Devesh Thacker, Tarun Singh. This fund is suitable to keep your money safe.

Key parameters

1) Union Overnight Fund Direct Growth has a NAV of 1169.7932 as on 08-02-2023.

2) Union Overnight Fund Direct Growth has 145 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.08 %.

Fund Overview

Expense ratio
Expense ratio
0.08%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹145 Cr
Inception Date
Inception Date
27 March, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹2000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
4.68%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%

Sector Allocation

Dec'22

Nov'22

Oct'22

Cash Equivalent

100%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings3
Holdings
Weight%
Holdings Trend
1M Change
Treps
Treps
5.31%
0%
182 DTB 02022023
182 DTB 02022023
1.72%
0%
364 Dtb 19012023
364 Dtb 19012023
1.38%
100%

What changed

in last one month
  • Scheme
AUM has remained same in the last 1M
Dec'69 return outperformed benchmark

Change in AUM

Dec'22
₹ 124.1 Cr
Nov'22
₹ 124.1 Cr
Oct'22
₹ 220.5 Cr

Fund Returns vs Benchmark

Jan'23
0.41%
0.36%
Dec'22
0.44%
0.40%
Nov'22
0.43%
0.41%
Fund Return
Benchmark Return

Fund Manager

Devesh Thacker

Devesh Thacker

Fund Manager of Union Overnight Fund Direct Growth, since 27 March 2019
Tarun Singh

Tarun Singh

Fund Manager of Union Overnight Fund Direct Growth, since 27 March 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Union Overnight Fund Direct Growth
3.79%
--

AMC details

Fund House
Union Asset Management Co. Pvt. Ltd.
Total Schemes
Total AUM
₹10.68K Cr
as on 31-Dec-2022
Address
Union Asset Management Co. Pvt. Ltd.,Unit 802, 8th Floor, Tower ‘A’,,Peninsula Business Park, Ganpatrao Kadam Marg,,Lower Parel (West)
Phone
+9102267483333
Email
investorcare@unionmf.com

Fund Highlights

Risk meter
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Low Risk

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

About the fund

This fund has delivered an average annual returns of 4.13% since inception which is more than its category average return of 3.16%
AUM size ₹145 Cr

AUM size ₹145 Cr

This fund has AUM of ₹145 Cr which is less than its category average of ₹ 3532 Cr
Expense Ratio 0.08%

Expense Ratio 0.08%

This fund has an expense ratio of 0.08% which is less than its category average expense ratio of 0.14%

Frequently Asked Questions

The current NAV of Union Overnight Fund Direct Growth is 1169.79 as on 08-Feb-2023.
Existing (Absolute + CAGR)
Union Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.52%
0.52%
6 Month Returns
2.95%
2.95%
1 Year Returns
4.99%
4.99%
3 Years Returns
11.81%
3.79%
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.
0.08 as on January 2023
145 Cr as on January 2023
Devesh Thacker,Tarun Singh are the fund managers of Union Overnight Fund Direct Growth
The Exit load of Union Overnight Fund Direct Growth is 0%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.