How to Invest in Union Money Market Fund Direct Growth?

You can easily invest in Union Money Market Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Union Money Market Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Union Money Market Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Money Market Fund Direct Growth provide?

The Union Money Market Fund Direct Growth has been there from 26 Aug 2021 and the average annual returns provided by this fund is 7.16% since its inception.

How much expense ratio is charged by Union Money Market Fund Direct Growth?

The term Expense Ratio used for Union Money Market Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Union Money Market Fund Direct Growth is 0.16% as of 20 Jan 2026...

What is the AUM of Union Money Market Fund Direct Growth?

The AUM, short for Assets Under Management of Union Money Market Fund Direct Growth is ₹119.68Cr as of 20 Jan 2026.

How to Redeem Union Money Market Fund Direct Growth?

If you want to sell your Union Money Market Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Money Market Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Money Market Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Money Market Fund Direct Growth?

The NAV of Union Money Market Fund Direct Growth is ₹1,309.74 as of 19 Jan 2026.

What is the PE and PB ratio of Union Money Market Fund Direct Growth?

The PE ratio ratio of Union Money Market Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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Union Money Market Fund Direct Growth

Name: Union Money Market Fund Direct Growth
Brand: Union Mutual Fund

Debt

Money Market

Low to Moderate Risk

+7.22%

3Y annualised

+0.03% 1D

All

NAV: 19 Jan '26

₹1,309.74

Min. SIP amount

₹500

Fund size

₹119.68 Cr

Expense ratio

0.16%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Historic returns	Returns
1 year	₹60,000	₹62,163		+3.60%
3 years	₹1,80,000	₹2,00,608		+11.45%

Holdings (13)

Name	Sector	Instruments	Assets
Axis Bank Ltd.	Financial	CD	12.41%
Kotak Mahindra Bank Ltd.	Financial	CD	12.39%
The Federal Bank Ltd.	Financial	CD	8.29%
Reserve Bank of India	Financial	T-Bills	8.28%
Reserve Bank of India	Financial	T-Bills	8.27%
Bank Of Baroda	Financial	CD	8.26%
HDFC Bank Ltd.	Financial	CD	8.26%
ICICI Securities Ltd.	Financial	CP	8.26%
Canara Bank	Financial	CD	8.25%
Small Industries Devp. Bank of India Ltd.	Financial	CP	8.24%
Infina Finance Pvt. Ltd.	Financial	CP	8.24%
Cholamandalam Investment and Finance Company Ltd.	Financial	CP	8.13%
Punjab National Bank	Financial	CD	4.13%

See All

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹500

Returns and rankings

Annualised returns

Absolute returns

Name	6M	1Y	3Y	All
Fund returns	+2.9%	+7.2%	+7.2%	+6.3%
Category average (Debt Money Market)	+2.9%	+7.2%	+7.2%	--
Rank (Debt Money Market)	--	20	21	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Tata Money Market Fund Direct Growth	+7.48%	+7.70%	35,599.90
	Axis Money Market Fund Direct Growth	+7.44%	+7.62%	20,781.21
	Bandhan Money Market Fund Direct Growth	+7.46%	+7.57%	12,313.03
	Union Money Market Fund Direct Growth	+7.16%	+7.22%	119.68
	Bajaj Finserv Money Market Fund Direct Growth	+7.42%	--	4,196.35
Compare

Fund management

PA
Parijat Agrawal
Aug 2021 - Present
View details

Education

Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.

Experience

Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Also manages these schemes

Union Equity Savings Fund Direct Growth

Union Children's Fund Direct Growth

Union Corporate Bond Fund Direct Growth

Union Dynamic Bond Fund Direct Growth

Union Gilt Fund Direct Growth

Union Liquid Fund Direct Growth

Union Balanced Advantage Fund Direct Growth

Union Aggressive Hybrid Fund Direct Growth

Union Money Market Fund Direct Growth

DT
Devesh Thacker
Aug 2021 - Present
View details

Education

Mr. Thacker is a B.Com (H) and Post graduate from University of Pune.

Experience

Prior to joining Union AMC in 2011 he has worked with Sahara AMC.

Also manages these schemes

Union Low Duration Fund Direct Growth

Union Fixed Maturity Plan Series 13 (1114 Days) Direct Growth

Union Liquid Fund Direct Growth

Union Overnight Fund Direct Growth

Union Arbitrage Fund Direct Growth

Union Dynamic Bond Fund Direct Growth

Union Money Market Fund Direct Growth

About Union Money Market Fund Direct Growth

Union Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Parijat Agrawal is the Current Fund Manager of Union Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹24,759 Cr and the Latest NAV as of 19 Jan 2026 is ₹1,309.74. The Union Money Market Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. ;