Union Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV as on 04-02-2025
₹ 1331.51
Inception Returns
5%
/yr
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 Devesh Thacker, Tarun Singh. This fund is suitable to keep your money safe.
Key Parameters
- Union Overnight Fund Direct Growth has ₹384 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 5.00% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.71%, 6.13% and 4.95% respectively.
Holdings
Union Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 182 DTB 23012025, 91 Days Tbill, 364 DTB 02052025, 91 DTB 09012025
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: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 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.
Historical NAV & Returns
Union Overnight Fund Direct Growth Overview
| Expense ratio | 0.07% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹384 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 (04-Feb-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 210 Cr as of Dec'24
- AUM decreased by 95.7 Cr between Dec'24 and Nov'24
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 182 DTB 23012025 | 2.62% | 0% | |
91 Days Tbill | 1.31% | 0% | |
364 DTB 02052025 | 0.91% | 0% | |
91 DTB 09012025 | 0.65% | 0% |
Mutual Fund Insights
Union Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹384 Cr
Expense Ratio 0.07%
Frequently Asked Questions for Union Overnight Fund Direct Growth
Union Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 3.28% | 3.28% |
1 Year Returns | 6.71% | 6.71% |
3 Years Returns | 19.55% | 6.13% |
5 Years Returns | 27.34% | 4.95% |
- 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 |