Union Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (21-Nov-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹174 Cr
Expense Ratio
0.20%
ISIN
INF582M01HG5
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
26 Aug 2021
About this fund
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1209.16, Assets Under Management (AUM) of 173.97 Crores, and an expense ratio of 0.2%.
- Union Money Market Fund Direct Growth has given a CAGR return of 6.04% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 11.22% in debts, and 88.51% in cash & cash equivalents.
- You can start investing in Union Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.42%
— (Cat Avg.)
3 Years
+6.27%
— (Cat Avg.)
Since Inception
+6.04%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹19.51 Cr | 11.22% |
| Others | ₹154.46 Cr | 88.78% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 6.40% Reverse Repo | Cash - Repurchase Agreement | ₹16 Cr | 9.20% |
| Axis Bank Ltd.** | Cash | ₹14.37 Cr | 8.26% |
| Hdfc Bank Ltd.** | Cash | ₹9.93 Cr | 5.71% |
| Small Industries Development Bank Of India** | Cash | ₹9.77 Cr | 5.61% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹9.77 Cr | 5.61% |
| Lic Housing Finance Ltd.** | Cash | ₹9.76 Cr | 5.61% |
| Punjab National Bank** | Cash | ₹9.75 Cr | 5.60% |
| 364 DTB | Bond - Gov't/Treasury | ₹9.74 Cr | 5.60% |
| Kotak Mahindra Bank Ltd.** | Cash | ₹9.74 Cr | 5.60% |
| Indian Bank** | Cash | ₹9.74 Cr | 5.60% |
| Canara Bank** | Cash | ₹9.73 Cr | 5.59% |
| Aditya Birla Finance Ltd.** | Cash | ₹9.73 Cr | 5.59% |
| National Bank For Agriculture And Rural Development** | Cash | ₹9.72 Cr | 5.59% |
| Icici Securities Ltd.** | Cash | ₹9.72 Cr | 5.59% |
| Indusind Bank Ltd.** | Cash | ₹9.57 Cr | 5.50% |
| Axis Finance Ltd.** | Cash | ₹9.39 Cr | 5.40% |
| The Federal Bank Ltd.** | Cash | ₹4.97 Cr | 2.86% |
| Treps | Cash - Repurchase Agreement | ₹2.48 Cr | 1.42% |
| Corporate Debt Mkt Devp. Fund-A2 | Mutual Fund - Open End | ₹0.48 Cr | 0.28% |
| Net Receivable / Payable | Cash - Collateral | ₹-0.38 Cr | 0.22% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹135.88 Cr | 78.10% |
| Bond - Gov't/Treasury | ₹19.51 Cr | 11.22% |
| Cash - Repurchase Agreement | ₹18.47 Cr | 10.62% |
| Mutual Fund - Open End | ₹0.48 Cr | 0.28% |
| Cash - Collateral | ₹-0.38 Cr | 0.22% |
| Cash - Commercial Paper | ₹0 Cr | - |
| Bond - Corporate Bond | ₹0 Cr | - |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.46%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
0.35
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
Parijat Agrawal
Since August 2021
Devesh Thacker
Since August 2021
Additional Scheme Detailsas of 31st October 2024
ISIN INF582M01HG5 | Expense Ratio 0.20% | Exit Load No Charges | Fund Size ₹174 Cr | Age 3 years 2 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Money Market A-I TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
Union Mutual Fund
Total AUM
₹21,661 Cr
Address
Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013
Other Funds by Union Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Union Children's Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹59.22 Cr | - |
| Union Innovation & Opportunities Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹847.59 Cr | 37.2% |
| Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth Moderate Risk | - | 0.0% | - | 8.0% |
| Union Small Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹5352.82 Cr | 19.0% |
| Union Hybrid Equity Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹630.99 Cr | 18.9% |
| Union Medium Duration Fund Direct Growth Moderate Risk | 0.6% | 1.0% | ₹227.80 Cr | 8.0% |
| Union Value Discovery Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹294.54 Cr | 24.7% |
| Union Multicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1075.38 Cr | 24.5% |
| Union Balanced Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1462.37 Cr | 15.8% |
| Union Equity Savings Fund Direct Growth Moderate Risk | 1.4% | 1.0% | ₹340.50 Cr | 11.5% |
| Union Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹245.03 Cr | 8.4% |
| Union Tax Saver (ELSS) Fund Direct Growth Very High Risk | 1.3% | 0.0% | ₹930.85 Cr | 22.0% |
| Union Dynamic Bond Fund Direct Growth Moderate Risk | 1.2% | 1.0% | ₹79.52 Cr | 9.0% |
| Union Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1756.94 Cr | 21.1% |
| Union Liquid Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5349.95 Cr | 7.5% |
| Union Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1350.50 Cr | 30.1% |
| Union Gilt Fund Direct Growth Moderate Risk | 0.7% | 0.0% | ₹150.10 Cr | 9.7% |
| Union Largecap Fund Direct Growth Very High Risk | 1.6% | 1.0% | ₹433.40 Cr | 20.0% |
| Union Retirement Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹151.21 Cr | 23.2% |
| Union Corporate Bond Fund Direct Growth Moderate Risk | 0.4% | 1.0% | ₹279.48 Cr | 8.5% |
| Union Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹371.73 Cr | 6.7% |
| Union Focused Fund Direct Growth Very High Risk | 1.5% | 1.0% | ₹415.68 Cr | 20.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Large & Midcap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹833.86 Cr | 23.6% |
Risk Level
Your principal amount will be at Low to Moderate Risk
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- Parijat Agrawal
- Devesh Thacker
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