Union Overnight Fund Direct Growth+0.01%

3.68%
1 Year Return
Debt
Overnight
1.0star
6M
1Y
All

Fund Details

Union Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹2000
Expense Ratio0.07%
NAV1070.27 (28 Oct 2020)
Fund Started26 Mar 2019
Fund Size23 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Union Overnight Fund Direct Growth
3.7%
NA
NA
4.4%
Category Average
3.7%
5.0%
5.5%
-
Rank within category
23
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 3.7% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.07%
    2. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Age is less than 3 years
    3. Risk-adjusted returns are lower compared to the category

    Fund Managers

    addTarun Singh
    Education
    Mr. Singh has done B.Sc.
    Experience
    Prior joining to Union Mutual Fund he has worked with SBI Funds Management Private Limited and Prebon Yamane India Ltd. as Fixed Income Dealer. Enron India Pvt. Ltd as Accounts Executive.
    Funds Managed

    Union Overnight Fund Direct Growth Details

    Union Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 26 Mar 2019. Devesh Thacker is the Current Fund Manager of Union Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹23 Cr and the Latest NAV as of 28 Oct 2020 is ₹1070.27.

    The Union Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 2000. Minimum Lumpsum Investment is 5000.

    Investment Objective

    The Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

    Compare Funds

    Union Overnight Fund Direct Growth
    VS
    search

    About Union Mutual Fund

    Address
    Unit 802, 8th Floor, Tower ‘A’, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel (West) Mumbai - 400013
    Phone
    022-24833300
    Launch Date
    23 Mar 2011
    Union Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Similar Funds
    Data not available