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NAV as of May 15, 2024
₹1164.7774+0.02% 1D change
Returns since inception
Returns Annualised Returns since inception
5.76% p.a.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.
VRO rating | 2 |
Expense ratio | 0.27% as on Apr 30, 2024 |
Exit load | 0% |
AUM (Fund size) | ₹169 Crs |
Lock-in | No Lockin |
Age | 2 yrs 8 m since Aug 24, 2021 |
Benchmark | CRISIL Money Market A-I Index |
Min. investment | SIP ₹1000 & Lump. ₹5000 |
Risk | Low to Moderate |
Tax on your gains | Profits are added to your income and taxed as per your slab rate |
Period | This fund | Category average |
---|---|---|
1 month | 0.5% | 0.5063636363636363% |
3 months | 1.81% | 1.942727272727273% |
6 months | 3.58% | 3.7799999999999985% |
1 year | 7.1% | 7.441363636363636% |
Large Cap 0.0%
Mid Cap 0.0%
Small Cap 0.0%
Other Cap 0.0%
Bifurcation by Holding is not available for this fund
Bifurcation by Sector is not available for this fund
A1+ 59.77%
SOV 31.14%
Cash & Call Money 8.81%
Others 0.28%
Reserve Bank of India 31.14%
Axis Bank Ltd. 5.87%
LIC Housing Finance Ltd. 5.87%
Bajaj Finance Ltd. 5.78%
Certificate of Deposit 39.620000000000005%
Treasury Bills 31.14%
Commercial Paper 20.150000000000002%
Reverse Repo 7.92%
Others 7.92%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
Nippon India Money Market Fund | #1 | ₹14,775 Crs | 11 yrs 4 m | 0.24% |
UTI Money Market Fund | #2 | ₹14,041 Crs | 11 yrs 4 m | 0.19% |
HDFC Money Market Fund | #3 | ₹21,261 Crs | 11 yrs 4 m | 0.23% |
Aditya Birla Sun Life Money Manager Fund | #4 | ₹22,895 Crs | 11 yrs 4 m | 0.21% |
Kotak Money Market Fund | #5 | ₹18,875 Crs | 11 yrs 4 m | 0.24% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
Nippon India Money Market Fund | 0.51% | 3.89% | 7.64% | 6.02% | 6.12% | 7.02% |
UTI Money Market Fund | 0.5% | 3.84% | 7.61% | 5.96% | 6.08% | 7.01% |
HDFC Money Market Fund | 0.51% | 3.85% | 7.58% | 5.95% | 6.24% | 7.03% |
Aditya Birla Sun Life Money Manager Fund | 0.52% | 3.91% | 7.68% | 6.01% | 6.26% | 7.13% |
Kotak Money Market Fund | 0.51% | 3.88% | 7.58% | 5.93% | 5.96% | 6.93% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
Nippon India Money Market Fund | 0.55 | 1.21 | 1.03 | 1.97 |
UTI Money Market Fund | 0.55 | 1.21 | 0.93 | 1.77 |
HDFC Money Market Fund | 0.56 | 1.25 | 0.89 | 1.6 |
Aditya Birla Sun Life Money Manager Fund | 0.58 | 1.29 | 0.96 | 1.59 |
Kotak Money Market Fund | 0.56 | 1.23 | 0.85 | 1.62 |
Risk ratios are based on three-year data. The required data is unavailable for the scheme.
Fund AUM | ₹169 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
No. of schemes | 21 view all schemes |
Total AUM | ₹14,675 Crs as on Mar 31, 2024 |
Address | Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059 |
investorcare@unionmf.com | |
Phone | (022) 6748 3300 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 3Y |
---|---|---|---|---|
Union Liquid Fund | #19 | ₹2,479 Crs | 7.35% | 5.69% |
Union Overnight Fund | #7 | ₹158 Crs | 6.78% | 5.31% |
Union Corporate Bond Fund | #15 | ₹411 Crs | 6.68% | 4.9% |
Union Medium Duration Fund | N.A. | ₹107 Crs | 6.15% | 4.64% |
Union Dynamic Bond Fund | #21 | ₹111 Crs | 5.87% | 4.21% |
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The Union Money Market Fund is a 2 yrs 8 m old fund and has delivered average annual returns of 5.76% since inception.
1-Year | Since Inception |
---|---|
7.1% | 5.76% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Union Money Market Fund for May 15, 2024 is 1164.7774.
On ET Money, Investing in Union Money Market Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Union Money Market Fund is 0.27%. .
Redeeming your investments in Union Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Union Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Union Money Market Fund is ₹169 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Union Money Market Fund allocation by credit quality is given below
Credit Quality | Percentage of Portfolio |
A1+ | 59.77% |
SOV | 31.14% |
Cash & Call Money | 8.81% |
The top 3 debt holdings of Union Money Market Fund are as follows
Holding Name | Percentage of Portfolio |
Reserve Bank of India | 31.14% |
Axis Bank Ltd. | 5.87% |
LIC Housing Finance Ltd. | 5.87% |
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