Union Money Market Fund – Direct Growth

Debt · Money Market
 · ★★★
2,000
Min SIP
5,000
Min Lumpsum
0.29 %
Expense Ratio
★★★
Rating
183
Fund Size (in Cr)
3 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 1 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 29 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 7.2% - - 5.6%
Category Average 24.6% 14.7% 16.5% -

Scheme Allocation

By Holding
By Sector
By Asset
TREPS
7.35%
Kotak Mah. Bank
6.44%
HDFC Bank
6.39%
Canara Bank
6.38%
Axis Bank
6.25%
Others
67.19%
View all Holdings
Holdings Sector Instrument Asset
TREPS - - 7.35%
Kotak Mah. Bank - - 6.44%
HDFC Bank - - 6.39%
Canara Bank - - 6.38%
Axis Bank - - 6.25%
ICICI Bank - - 6.13%
Bank of Baroda - - 6.06%
Tata Capital Fin - - 4.87%
Bajaj Finance - - 3.22%
N A B A R D - - 3.21%
A Birla Finance - - 3.2%
TBILL-364D - - 3.09%
S I D B I - - 3.08%
St Bk of India - - 3.07%
H D F C - - 3.04%
Federal Bank - - 3.03%
Net CA & Others - - -0.15%
Others
100%
View all Sectors
Sectors Asset
Certificate of Deposit
41.18%
Commercial Paper
28.48%
T-Bills
25.47%
Reverse Repos
5.51%
Net Curr Ass/Net Receivables
-0.89%
Others
0.25%
View all Assets
Assets Asset
Certificate of Deposit 41.18%
Commercial Paper 28.48%
T-Bills 25.47%
Reverse Repos 5.51%
Net Curr Ass/Net Receivables -0.89%

Advance Ratio

-1.45
Alpha
0.14
SD
0.01
Beta
-2.92
Sharpe

Exit Load

Exit Load Nil

Fund Objective

The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved.

Fund Managers

Parijat Agrawal

The Head of Fixed Income in Union Asset Management Co. Pvt. Ltd., Mr. Parijat Agrawal has immense experience in mutual funds and financial services spanning over two decades. Mr. Agrawal has been associated with Union Mutual Fund since the company’s inception. He has a B.E. in Electronics and Communications and a PGDM from IIM Bangalore. His portfolio has seen him work in influential positions at some of the most prestigious companies, such as SBI Mutual Fund, State Bank of Mauritius Limited, and Sun F&C Asset Management.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Union Mutual Fund
AUM:
13,594 Cr
Address:
Unit 503, 5th Floor, Leeela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059
Contact:
022-67483300
Email ID:
investorcare@unionmf.com

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Frequently Asked Questions

How to invest in Union Money Market Fund – Direct Growth ?

You can invest in Union Money Market Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Union Money Market Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Union Money Market Fund – Direct Growth ?

The NAV of Union Money Market Fund – Direct Growth is ₹1,147.1 as of 29 February 2024.

How to redeem Union Money Market Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Union Money Market Fund – Direct Growth?

The minimum SIP amount of Union Money Market Fund – Direct Growth is ₹2000

How can I redeem my investments in Union Money Market Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Union Money Market Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

How much returns have Union Money Market Fund – Direct Growth generated ?

The Union Money Market Fund – Direct Growth has delivered 5.6% since inception

What is the expense ratio of Union Money Market Fund – Direct Growth ?

The expense ratio of Union Money Market Fund – Direct Growth is 0.29 % as of 29 February 2024.

What is the AUM of Union Money Market Fund – Direct Growth?

The AUM of Union Money Market Fund – Direct Growth is ₹13,594 Cr as of 29 February 2024

What are the top stock holdings of Union Money Market Fund – Direct Growth?

The top stock holdings of Union Money Market Fund – Direct Growth are
  1. TREPS - 7.35%
  2. Kotak Mah. Bank - 6.44%
  3. HDFC Bank - 6.39%
  4. Canara Bank - 6.38%
  5. TBILL-364D - 6.38%

Can I make investments in both the SIP and Lump Sum schemes of Union Money Market Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of Union Money Market Fund – Direct Growth based on your investment objective and risk tolerance.
Invest Now