Historical NAV & Returns
About Union Overnight Fund Direct Growth
Union Overnight Fund Direct Growth is a debt fund. This fund was started on 27 March, 2019. The fund is managed by Tarun Singh, Devesh Thacker. This fund is suitable to keep your money safe.
Key Parameters
- Union Overnight Fund Direct Growth has ₹253 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Union Overnight Fund Direct Growth has given a CAGR return of 5.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.61%, 6.33% and 5.05% respectively.
Holdings
Union Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 Days Tbill, 91 DTB 17042025
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 Growth
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 Growth has no lock in period.
Union Overnight Fund Direct Growth Overview
| Expense ratio | 0.08% |
Benchmark | CRISIL Liquid Overnight TR INR |
| AUM | ₹253 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 |
Trailing Returns
as on (14-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 187.4 Cr as of Feb'25
- AUM decreased by 59.7 Cr between Feb'25 and Jan'25
Top Sector in February was Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 182 Days Tbill | 1.19% | 0% | |
91 DTB 17042025 | 0.79% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Union Overnight Fund Direct Growth | 6.61% | 6.33% | 5.05% | 5.05% |
 Bank of India Overnight Fund Direct Growth | 6.7% | 6.41% | 5.17% | 5.14% |
 Axis Overnight Fund Direct Growth | 6.66% | 6.37% | 5.09% | 5.09% |
 ICICI Prudential Overnight Fund Direct Growth | 6.6% | 6.32% | 5.04% | 5.14% |
Union Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹253 Cr
Expense Ratio 0.08%
More funds from Union
1Y CAGR
▲ 10.70
5Y CAGR
▲ 6.28
5Y CAGR
▲ 6.83
3Y CAGR
▲ 6.90
5Y CAGR
▲ 5.56
Frequently Asked Questions for Union Overnight Fund Direct Growth
Union Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.22% | 3.22% |
1 Year Returns | 6.61% | 6.61% |
3 Years Returns | 20.21% | 6.33% |
- 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 |