- Mutual Funds
- Union Mutual Fund
- Union Overnight Fund (RIDCW-M)
Formerly Union Overnight Reg Mn DR
Overnight funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
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.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1004.5081
NAV (Apr 17)
Fund Returns
Last 1Y | 6.7% |
Last 3Y | 5.1% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 5% |
6 Month CAGR | 3.3% |
Scheme Information
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 | 0.17 |
Launched (3y ago) | Feb 05, 2021 |
AUM in Crores | 156.891 |
ISIN | INF582M01FN5 |
Lock-in | No Lock-in |
Benchmark | CRISIL Liquid Overnight TR INR |
SIP Minimum | 2000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.4 |
Standard Deviation (5yr) | 0 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -8.401 |
Sharpe Ratio (5yr) | 0 |
YTM | 7.22 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Union Overnight Fund (RIDCW-M) | 8,27,973 | 95,361 | 5.1% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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
Top Debt Holdings
7.15% reverse repo
32.3%7.30% reverse repo
28.5%7.25% reverse repo
16.2%7.40% reverse repo
9.7%7.10% reverse repo
5.7%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Union Asset Management Co. Pvt. Ltd.
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
19.3% | 12.4% | ||
5.5% | 6.7% | ||
6.2% | 5.3% | ||
5.4% | 5.2% | ||
19.3% | 12.3% |
Union Overnight Fund (RIDCW-M) Review
Union Overnight Fund (RIDCW-M) is a Overnight Debt fund and has delivered an annualised return of 5% over a period of 3 years. The fund was previously known as Union Overnight Reg Mn DR. The fund is managed by Union Asset Management Co. Pvt. Ltd.. The fund managers are Devesh Thacker, Tarun Singh.
Nav of Union Overnight Fund (RIDCW-M) as of 4/17/2024 is ₹1004.51 with the total AUM as of 4/17/2024 is ₹156.891. With Scripbox you can compare and check the latest nav for all mutual funds in India. Union Overnight Fund (RIDCW-M) was launched on Feb 05, 2021. The category risk of the fund is Low Risk.
The minimum SIP amount for Union Overnight Fund (RIDCW-M) 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 (RIDCW-M) 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 Liquid Overnight TR INR.
Union Overnight Fund (RIDCW-M) is rated as a 3 fund in Debt and delivered 6.7% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Union Overnight Fund (RIDCW-M).
Frequently Asked Questions
What is Union Overnight Fund (RIDCW-M)?
How to invest in Union Overnight Fund (RIDCW-M)?
You can invest in Union Overnight Fund (RIDCW-M) 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 (RIDCW-M)?
The minimum sip amount for Union Overnight Fund (RIDCW-M) is ₹2000. You can invest in multiples of ₹5000.
Is Union Overnight Fund (RIDCW-M) good to invest in?
As per Scripbox experts, Union Overnight Fund (RIDCW-M) is a Neutral fund. You can investUnion Overnight Fund (RIDCW-M) 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 (RIDCW-M)?
The expense ratio of the Union Overnight Fund (RIDCW-M) is 0.17% for regular plan.