Overview
Union Overnight Fund Direct Growth
Union Mutual Fund
The Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity.
Investments in Union Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1348.7557
Fund Size (AUM)
₹252.95 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹500
Launch Date
27-Mar-2019
Expense Ratio
0.07%
Exit Load
Nil
Benchmark
CRISIL Liquid Overnight Index
Standard Deviation
0.23
History
Performance & Ratios
1-Year SIP Return
6.54%
3-Year SIP Return
6.6%
5-Year SIP Return
5.9%
Mean Return
-
Alpha
0.91
Beta
0.46
Sharpe Ratio
-0.15
Sortino Ratio
-0.14
Information Ratio
7.87
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.6% | 6.34% | 5.06% | 4.0% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 18 | 15 | 16 | N/A |
Holdings (2)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 1.19% |
| Reserve Bank of India | Financial | T-Bills | 0.79% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | 6348.03 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | 4738.29 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | 5253.21 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | 1366.7 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | 139.18 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 100
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Union Mutual Fund
Union KBC Mutual Fund started their mutual fund on 23/03/2011 and its managing total assets of ₹3,811 Cr. Its ranked at 30 as per total assets at end of 30th Sep 2017. Union Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Union Mutual Fund is sponsored by Union Bank of India and is therefore a trusted brand for investors.
Union Mutual Fund visions to obtain prosperity by responsibly investing in the capital market. Their aim is to provide the right client, the right product at the right time. The asset management company aims at understanding the investor's needs better and customizes products in a way that will be beneficial to them.
It believes in creating an investment platform which is sustainable for the long-term and helps investors to create wealth systematically. The fund house provides various mutual funds across different market capitalization and categories, in order to apppeal to investors with various needs. Union Mutual Fund targets to give its investors a brilliant investing experience and choose mutual fund as an instrument for the long haul.
Launch Date
2009-12-30T00:00:00.389Z
Total AUM
₹ 18837.14 Cr
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
(022) 6748 3300
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Union Overnight Fund Direct Growth
Union Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Union Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Union Overnight Fund Direct Growth?
The top stocks held by Union Overnight Fund Direct Growth include Reserve Bank of India, Reserve Bank of India.
Which industries does Union Overnight Fund Direct Growth invest in?
Union Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who are the fund managers of Union Overnight Fund Direct Growth?
The fund managers of Union Overnight Fund Direct Growth are Devesh Thacker and Tarun Singh.
How many years has the fund manager been managing Union Overnight Fund Direct Growth?
Devesh Thacker:
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Tarun Singh:
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What is the minimum investment for Union Overnight Fund Direct Growth?
The minimum investment for Union Overnight Fund Direct Growth is ₹5000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Union Overnight Fund Direct Growth?
Calculating...
What are the average 3-year returns for Union Overnight Fund Direct Growth?
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What is the expense ratio of Union Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of Union Overnight Fund Direct Growth is 0.07%. The average expense ratio for similar funds in the Debt is Calculating....