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Fund Overview

Fund Size

Fund Size

₹169 Cr

Expense Ratio

Expense Ratio

0.29%

ISIN

ISIN

INF582M01HG5

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

26 Aug 2021

About this fund

Union Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 2 years, 8 months and 24 days, having been launched on 26-Aug-21.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹1165.22, Assets Under Management (AUM) of 168.68 Crores, and an expense ratio of 0.29%.
  • Union Money Market Fund Direct Growth has given a CAGR return of 5.77% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 47.82% in debts, and 51.90% 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

+7.12%

+5.95% (Cat Avg.)

Since Inception

+5.77%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt80.67 Cr47.82%
Others88.01 Cr52.18%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
India (Republic of)Bond - Short-term Government Bills14.6 Cr8.66%
India (Republic of)Bond - Short-term Government Bills14.1 Cr8.36%
6.75% Reverse RepoCash - Repurchase Agreement13.37 Cr7.92%
Axis Bank LimitedCash - CD/Time Deposit9.9 Cr5.87%
LIC Housing Finance LimitedCash - Commercial Paper9.9 Cr5.87%
Bajaj Finance LimitedCash - Commercial Paper9.76 Cr5.78%
ICICI Bank LimitedCash - CD/Time Deposit9.64 Cr5.72%
364 DTB 05122024Bond - Gov't/Treasury9.6 Cr5.69%
The Federal Bank LimitedCash - CD/Time Deposit9.57 Cr5.68%
HDFC Bank LimitedCash - CD/Time Deposit9.57 Cr5.67%
India (Republic of)Bond - Short-term Government Bills9.43 Cr5.59%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond9.39 Cr5.56%
Indian BankBond - Gov't Agency Debt9.38 Cr5.56%
Canara BankBond - Gov't Agency Debt9.38 Cr5.56%
Aditya Birla Finance LimitedCash - Commercial Paper9.36 Cr5.55%
Cholamandalam Investment And Fin. Co. LtdCash - Commercial Paper4.97 Cr2.95%
364 DTB 12122024Bond - Gov't/Treasury4.79 Cr2.84%
TrepsCash - Repurchase Agreement2.18 Cr1.29%
Net Receivable / PayableCash - Collateral-0.68 Cr0.41%
Corporate Debt Mkt Devp. Fund-A2Mutual Fund - Open End0.47 Cr0.28%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit38.69 Cr22.94%
Bond - Short-term Government Bills38.13 Cr22.61%
Cash - Commercial Paper33.99 Cr20.15%
Bond - Gov't Agency Debt18.76 Cr11.12%
Cash - Repurchase Agreement15.55 Cr9.22%
Bond - Gov't/Treasury14.39 Cr8.53%
Bond - Corporate Bond9.39 Cr5.56%
Cash - Collateral-0.68 Cr0.41%
Mutual Fund - Open End0.47 Cr0.28%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

0.70%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

-0.30

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.08

Higher the better

Fund Managers

PA

Parijat Agrawal

Since August 2021

Devesh Thacker

Devesh Thacker

Since August 2021

Additional Scheme Detailsas of 30th April 2024

ISININF582M01HG5Expense Ratio0.29%Exit LoadNo ChargesFund Size₹169 CrAge26 Aug 2021Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Money Market A-I TR INR

Investment ObjectiveInvestment 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Edelweiss Money Market Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹485.28 Cr6.6%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹168.68 Cr7.1%
Union Money Market Fund Regular Growth

Low to Moderate Risk

1.1%0.0%₹168.68 Cr6.3%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹96.02 Cr7.2%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹96.02 Cr7.0%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹20.44 Cr6.9%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹20.44 Cr6.5%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹17287.51 Cr7.5%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹1511.50 Cr7.4%
HDFC Money Market Fund Regular Growth

Moderate Risk

0.3%0.0%₹21260.52 Cr7.4%

About the AMC

Total AUM

₹17,553 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.7%0.0%₹44.99 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.9%1.0%₹642.64 Cr-
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-6.6%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹3964.76 Cr46.2%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹594.14 Cr28.9%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.7%1.0%₹226.81 Cr6.2%
Union Value Discovery Fund Direct Growth

Very High Risk

1.4%1.0%₹237.46 Cr44.4%
Union Multicap Fund Direct Growth

Very High Risk

1.1%1.0%₹893.07 Cr42.0%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.2%1.0%₹1601.68 Cr20.1%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.8%1.0%₹165.94 Cr14.5%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹179.35 Cr8.4%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.5%0.0%₹875.87 Cr35.9%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.3%1.0%₹111.24 Cr5.8%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹2051.30 Cr37.8%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹2479.02 Cr7.4%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1139.50 Cr46.3%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹132.34 Cr6.6%
Union Largecap Fund Direct Growth

Very High Risk

1.8%1.0%₹335.49 Cr33.4%
Union Retirement Fund Direct Growth

Very High Risk

1.8%0.0%₹123.72 Cr40.8%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹411.46 Cr6.7%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹157.87 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.6%1.0%₹402.71 Cr31.7%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹168.68 Cr7.1%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹735.02 Cr38.2%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk
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The NAV of Union Money Market Fund Direct Growth, as of 17-May-2024, is ₹1165.22.
The fund's allocation of assets is distributed as 0.00% in equities, 47.82% in bonds, and 51.90% in cash and cash equivalents.
The fund managers responsible for Union Money Market Fund Direct Growth are:-
  1. Parijat Agrawal
  2. Devesh Thacker