Union Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV as on 31-12-2024
₹ 1218.35
▲0.1%
1D
Inception Returns
6.1%
/yr
About Union Money Market Fund Direct Growth
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 ₹173 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 6.06% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.43% and 6.39% respectively.
Holdings
Union Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Axis Bank Limited, Small Industries Development Bank Of India, LIC Housing Finance Limited, Punjab National Bank, Kotak Mahindra Bank Ltd.
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: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.
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.
Historical NAV & Returns
Union Money Market Fund Direct Growth Overview
| Expense ratio | 0.2% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹173 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 |
Trailing Returns
as on (31-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 182.7 Cr as of Nov'24
- AUM increased by 16.1 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Government, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Limited | 8.39% | 0% | |
Small Industries Development Bank Of India | 5.71% | 0% | |
Punjab National Bank | 5.7% | 0% | |
LIC Housing Finance Limited | 5.7% | 0% | |
Canara Bank | 5.69% | 0% |
Union Money Market Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹173 Cr
Expense Ratio 0.2%
Frequently Asked Questions for Union Money Market Fund Direct Growth
Union Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.65% | 3.65% |
1 Year Returns | 7.43% | 7.43% |
3 Years Returns | 20.42% | 6.39% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 100 |