Debt
Direct
Overnight
NAV as on 08-12-2024
₹ 1317.58
Inception Returns
5%
/yr
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.
Union Overnight Fund Direct Growth has given a CAGR return of 4.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.74%, 5.96% and 4.89% respectively.
Union Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 364 DTB 21112024, 364 DTB 28112024
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: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 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 | 0.07% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹306 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 (08-Dec-24)
as on (31-Dec-69)
Union Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.26% | 3.26% |
1 Year Returns | 6.74% | 6.74% |
3 Years Returns | 18.98% | 5.96% |
5 Years Returns | 26.97% | 4.89% |
AAA | 100 |