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Union Overnight Fund Direct Growth+0.01%

3.03%
1 Year Return
Debt
Overnight
1.0star
6M
1Y
All

Fund Details

Union Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹2000
Expense Ratio0.08%
NAV₹1085.76 (22 Apr 2021)
Fund Started26 Mar 2019
Fund Size34 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.0%
-
-
4.0%
Category Average
3.0%
4.5%
5.1%
-
Rank Within Category
23
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount2,000
Amount Per Month₹5,000
Would have become
0
with 3.0% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.08%
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

Fund Managers

Tarun Singh
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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 ₹34 Cr and the Latest NAV as of 22 Apr 2021 is ₹1085.76.

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

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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,
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