Union Money Market Fund Direct Growth
Get the latest NAV of Union Money Market Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹1253.88
NAV as on 09 May 2025
6.3%/per year
Since Inception
▲▼
4 people have invested ₹ 32.4K in Union Money Market Fund Direct Growth in the last three months
Fund Performance
as on (09-May-25)
Peer comparison
Union Money Market Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Union Money Market Fund Asset Allocation
See fund asset allocation details as on (15-Apr-25)
Fund Distribution
as on (15-Apr-25)
Debt & Cash 99.7%
Union Money Market Fund Sector Allocation
See fund sector allocation details as on (15-Apr-25)
Sector Allocation
Debt & Cash 99.7%
Top 2 Sectors in March were Corporate, Government
Corporate
70%
Government
11%
Corporate
34%
Government
10%
Union Money Market Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.19% |
Benchmark | CRISIL Money Market A-I TR INR |
| AUM | ₹176 Cr |
| Inception Date | 26 August, 2021 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 172.6% |
| 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 to Moderate Risk |
About Union Money Market Fund
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 ₹176 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Union Money Market Fund Direct Growth has given a CAGR return of 6.30% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.77% and 7.00% respectively.
Holdings
Union Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are HDFC Securities Limited, Bank Of Baroda**, Axis Bank Limited, Kotak Mahindra Bank Ltd., Punjab National Bank (18/03/2026)
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: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.
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.
Fund Manager
Devesh Thacker
Fund Manager of Union Money Market Fund Direct Growth, since 26 August 2021
- AUM of the fund stands at 167.4 Cr as of Mar'25
- AUM decreased by 21.4 Cr between Mar'25 and Feb'25
More funds from Union
1Y CAGR
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5Y CAGR
▲ 5.58
5Y CAGR
▲ 6.44
5Y CAGR
▲ 5.56
5Y CAGR
▲ 5.09
Frequently Asked Questions for Union Money Market Fund Direct Growth
What is the current NAV of Union Money Market Fund Direct Growth?
What are the average returns of Union Money Market Fund Direct Growth?
Union Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 3.95% | 3.95% |
1 Year Returns | 7.77% | 7.77% |
3 Years Returns | 22.52% | 7% |
How do I invest in Union Money Market Fund Direct Growth?
- 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.
What is the expense ratio of Union Money Market Fund Direct Growth?
What is net assets under management (AUM) of Union Money Market Fund Direct Growth?
What are the top 5 holdings of Union Money Market Fund Direct Growth?
What are the top 3 sectors that this Union Money Market Fund Direct Growth has invested in?
What is the yield to maturity ratio of Union Money Market Fund Direct Growth?
What is the modified duration of Union Money Market Fund Direct Growth?
What is the credit rating breakup of Union Money Market Fund Direct Growth?
AAA | 100 |