Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal
Get the latest NAV of Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal. 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.
₹1003.65
NAV as on 19 Mar 2026
4.89%/per year
Since Inception
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Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal Performance vs. Overnight Index
Fund returns vs Benchmark returns vs Category Average returns as on (19-Mar-26)
The fund has outperformed the benchmark (Overnight Index) over 3Y, 5Y, but underperformed over 1Y.
Peer comparison
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal Asset Allocation
See fund asset allocation details as on (14-Mar-26)
Fund Distribution
as on (14-Mar-26)
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal Sector Allocation
See fund sector allocation details as on (14-Mar-26)
Sector Allocation
Top Sector in February was Government
Government
1%
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.07% |
Benchmark | CRISIL Liquid Overnight TR INR |
| AUM | ₹297 Cr |
| Inception Date | 27 March, 2019 |
| Min Lumpsum/SIP | ₹5,000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 39.98% |
| Risk |   Low Risk |
About Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal 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
- Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal has ₹297 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal has given a CAGR return of 4.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.51%, 6.32% and 5.50% respectively.
Holdings
Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Cash Equivalent. Its top holdings are 05/03/2026 Maturing 364 DTB, 12/03/2026 Maturing 364 DTB, 19/03/2026 Maturing 182 DTB, 26/03/2026 Maturing 182 DTB
Taxation
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.
Investment objective of Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal
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 and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal has no lock in period.
Fund Manager
Devesh Thacker
Fund Manager of Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal, since 27 March 2019
Tarun Singh
Fund Manager of Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal, since 27 March 2019
- AUM of the fund stands at 296.5 Cr as of Feb'26
- AUM decreased by 108.4 Cr between Feb'26 and Jan'26
Frequently Asked Questions for Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal
How do I invest in Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal?
- Download the INDmoney app.
- Search for ‘Union Overnight Fund Direct Monthly Payout of Income Distribution cum capital withdrawal’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.