Groww Logo
Home>Mutual Funds>Union Mutual Fund>Union Overnight Fund Direct Growth

Union Overnight Fund Direct Growth

Debt
Overnight
Low Risk
3.69%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
All
NAV: 23 May 2022₹1,125.41
Min. SIP amount₹2,000
Rating3
Fund size₹105.73Cr

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA3.4%3.7%3.8%
Category averageNA3.0%4.4%NA
Rank with in categoryNA1115NA
Understand terms

Holdings (1)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills2.4%

Pros and cons

Category: Debt Overnight

Pros

Exit load is zero
Lower expense ratio: 0.08%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
1Y annualised returns higher than category average by 0.28%

Cons

Lower AUM: 123Cr. Funds with lower AUM tend to have higher expense ratio
3Y annualised returns lower than category average by 0.66%

Expense ratio, exit load and tax

Expense ratio: 0.08%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹2,000

Fund management

Tarun Singh
Mar 2019 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
Website
NA
Amc Image
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,

Compare funds

Union Overnight Fund Direct Growth
VS
Add mutual fund to compare

FAQs

How to Invest in Union Overnight Fund Direct Growth?

You can easily invest in Union Overnight 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 Overnight 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 Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Overnight Fund Direct Growth provide?

The Union Overnight Fund Direct Growth has been there from 27 Mar 2019 and the average annual returns provided by this fund is 3.37% since its inception.

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

The term Expense Ratio used for Union Overnight 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 Overnight Fund Direct Growth is 0.08% as of 24 May 2022...

What is the AUM of Union Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Union Overnight Fund Direct Growth is ₹105.73Cr as of 24 May 2022.

How to Redeem Union Overnight Fund Direct Growth?

If you want to sell your Union Overnight 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 Overnight Fund Direct Growth?

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

What is the NAV of Union Overnight Fund Direct Growth?

The NAV of Union Overnight Fund Direct Growth is ₹1,125.41 as of 23 May 2022.

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

The PE ratio ratio of Union Overnight 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).

Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.3.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI