• Mutual Funds
  • Union Mutual Fund
  • Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M)

Formerly Union Overnight Reg Mn DS

Union Mutual Fund

Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M)

DebtOvernight

1000.9177

NAV (Nov 28)

2.1%
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.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

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

Relative Size

162 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

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Short Term Money

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

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    Historical growth rate of 6.5% per annum
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    Recommended Duration 1 - 5 years
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    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Historical NAV

1000.9177

NAV (Nov 28)

Fund Returns

Last 1Y

NA

Last 3Y

NA

Last 5Y

NA

Last 10Y

NA

Since Inception

2.1%

6 Month CAGR

1.3%

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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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

Low Risk

Expense Ratio

0.18

Launched (0y ago)

Feb 05, 2021

AUM in Crores

161.167

ISIN

Lock-in

No Lock-in

Benchmark

CRISIL Overnight Index TR INR

SIP Minimum

0

Lumpsum Min.

5000

Fund Managers
user-avatar

Devesh Thacker

Fund Manager

user-avatar

Tarun Singh

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 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.

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Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
Kotak Savings Fund (G)

Kotak Savings Fund (G)

₹ 13,499 cr

5

₹ 33,567 cr

5

₹ 11,691 cr

5

₹ 27,296 cr

5

₹ 31,118 cr

5

amc-icon

About the AMC

Union Asset Management Co. Pvt. Ltd.

Union Asset Management Co. Pvt. Ltd. manages assets worth 8,604 crores and was set up on 30 December 2009. It's current offering of mutual fund schemes includes 28 equity,30 debt and 16 hybrid funds.

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  • tel-amc-about
    022-24833300
  • mail-amc-about
    investorcare@unionmf.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    22.1%

    15.3%

    22.5%

    12.2%

    4.8%

    6.9%

    0.7%

    0%

    4.5%

    4.1%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    About Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M)

    About Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M)

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) is a Overnight Debt fund and has delivered an annualised return of 2.1% over a period of 0 years. The fund was previously known as Union Overnight Reg Mn DS . The fund is managed by Union Asset Management Co. Pvt. Ltd.. The fund managers are Devesh Thacker, Tarun Singh

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) 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. . However, there is no assurance that the objective of the scheme will be realized.

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) NAV,AUM,Risk

    The Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) fund was launched on Feb 05, 2021. The NAV (Net Asset Value) of this Overnight Debt fund as of 2021-11-28 is ₹1000.92. The total AUM (Asset Under Management) of the fund as of 29/11/2021 is ₹161.167. The category risk of the Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) fund is Low Risk. The fund charges 0.18 % as expense ratio.

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) Holdings

    The fund’s highest allocation is towards Others and has invested 100% in this asset class. The top three holdings of the fund are , 3.40% reverse repo , 3.38% reverse repo , treps , 3.37% reverse repo

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) Sip

    The minimum SIP (Systematic Investment Plan) amount for this is ₹null 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.

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) Investment volatility and Horizon

    This fund 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 Transfer of Income Distribution cum capital withdrawal (PIDCW-M) Review

    Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) has a score of 3 on a scale of 5. The fund has a score of 2 out of 5 based on historical performance. As compared to the other funds in its category, Union Overnight Fund Transfer of Income Distribution cum capital withdrawal (PIDCW-M) has a score of 2out of 5 The credit risk of the fund is 5 out of 5 as compared to other debt funds.

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