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  • Union Mutual Fund
  • Union Overnight Fund (Growth)
Union Mutual Fund

Union Overnight Fund (Growth)

DebtOvernight

1121.4114

NAV (May 19)

3.7%
Till Date CAGR
Scripbox Opinion

Neutral

Click here for top ranked funds in overnight mutual funds.

However, Scripbox does not recommend investing in overnight mutual funds.

Overnight Funds invest in securities with a maturity of 1 day.

These investments have very low interest rate risk; however this also reduces return.

The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.

Our analysis of this fundLearn how we rate funds ->

Track Record

3 Years. The Fund has a Short history for analysis. We recommend funds with longer history.

Relative Size

244 Cr. Small within the category

Impact of Interest Rate Changes

Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change

Credit Quality Of Fund's Portfolio

Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds

Scripbox Recommended Overnight Funds

Want the most stable overnight funds for your portfolio?

Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1121.4114

NAV (May 19)

Fund Returns

Last 1Y

3.3%

Last 3Y

3.6%

Last 5Y

NA

Last 10Y

NA

Since Inception

3.7%

6 Month CAGR

1.7%

Scheme Information

Investment Objective

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.

Expense Ratio

0.18

Launched (3y ago)

Mar 27, 2019

AUM in Crores

243.702

ISIN

INF582M01FJ3

Lock-in

No Lock-in

Benchmark

CRISIL Overnight Index TR INR

SIP Minimum

2000

Lumpsum Min.

5000

Fund Managers

Tarun Singh

Fund Manager

Devesh Thacker

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2022-05-19

Top Debt Holdings

treps

63%
63%

4.20% reverse repo

33.7%
33.7%

182 Days Treasury Bill 09-06-2022

2%
2%

net receivable / payable

1.3%
1.3%
See all holdings
allocation by market cap

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 39,901 cr

5

₹ 16,108 cr

5

₹ 13,070 cr

5

₹ 15,495 cr

5

₹ 39,901 cr

5

About the AMC

Union Asset Management Co. Pvt. Ltd.

Union Asset Management Co. Pvt. Ltd. manages assets worth 8,910 crores and was set up on 30 December 2009. It's current offering of mutual fund schemes includes 28 equity,34 debt and 16 hybrid funds.

amc-img

  • 022-24833300
  • investorcare@unionmf.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    17.3%

    13.8%

    17%

    10.8%

    17.3%

    13.6%

    17%

    10.6%

    17.3%

    13.6%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    Union Overnight Fund (G) Review

    Union Overnight Fund (G) is a Overnight Debt fund and has delivered an annualised return of 3.7% over a period of 3 years. The fund is managed by Union Asset Management Co. Pvt. Ltd.. The fund managers are Devesh Thacker, Tarun Singh.

    Nav of Union Overnight Fund (G) as of 5/19/2022 is ₹1121.41 with the total AUM as of 5/20/2022 is ₹243.702. With Scripbox you can compare and check the latest nav for all mutual funds in India. Union Overnight Fund (G) was launched on Mar 27, 2019. The category risk of the fund is Low Risk.

    The minimum SIP amount for Union Overnight Fund (G) is ₹2000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

    Union Overnight Fund (G) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Overnight Index TR INR.

    Union Overnight Fund (G) is rated as a 3 fund in Debt and delivered 3.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Union Overnight Fund (G).

    Frequently Asked Questions

    What is Union Overnight Fund (G)?

    Union Overnight Fund (G) is a Overnight Debt scheme predominantly investing across Debt stocks with an investment objective to generate wealth over the long term.

    How to invest in Union Overnight Fund (G)?

    You can invest in Union Overnight Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

    What is the minimum sip amount of Union Overnight Fund (G)?

    The minimum sip amount for Union Overnight Fund (G) is ₹2000. You can invest in multiples of ₹5000.

    Is Union Overnight Fund (G) good to invest in?

    As per Scripbox experts, Union Overnight Fund (G) is a Neutral fund. You can investUnion Overnight Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

    What is the expense ratio of the Union Overnight Fund (G)?

    The expense ratio of the Union Overnight Fund (G) is 0.18% for regular plan.