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3 star

Union Overnight Fund - Regular Plan download report


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Union Overnight Fund Reg-G 2.43 0.01 0.10 0.42 1.14 1.98 3.63 3.52 -- -- --
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 -- -- --
Debt: Overnight 2.44 0.01 0.10 0.41 1.14 1.99 3.64 3.56 -- -- --
Rank within category 20 20 3 10 19 21 13 18 -- -- --
Number of funds in category 29 31 31 30 30 30 29 22 3 3 3

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Overnight Fund - Regular Plan
3 star
Mar-19 3.63 3.52 -- 0.18 165
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.70 3.62 -- 0.10 10,814
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.67 3.60 4.34 0.12 8,681
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.66 3.62 -- 0.14 883
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.68 -- -- 0.21 569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.12 27-Mar-2019 - 03-Apr-2019 0.01 26-Mar-2020 - 02-Apr-2020
Month 0.48 27-Mar-2019 - 26-Apr-2019 0.15 23-Mar-2020 - 22-Apr-2020
Quarter 1.42 27-Mar-2019 - 26-Jun-2019 0.63 23-Mar-2020 - 22-Jun-2020
Year 5.10 27-Mar-2019 - 26-Mar-2020 2.84 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Union Overnight Fund Reg-G 3.47 0.22 -0.08 -0.26 0.21 0.17
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Overnight 3.51 0.23 0.09 0.41 0.25 0.25
Rank within category 18 4 19 18 3 20
Number of funds in category 22 22 22 22 22 22

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 3 3 1 2
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 5.10 5.10 3.17 5.03
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 182-D 11/08/2022 Treasury Bills SOV 0.00 - 0.91 0.91
new Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 0.91 0.91
new Reserve Bank of India 91-D 18/08/2022 Treasury Bills SOV 0.00 - 0.60 0.60

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Devesh Thacker since 26-Mar-2019

Education: Mr. Thacker is a B.Com (H) and Post graduate from University of Pune.

Experience: Prior to joining Union AMC in 2011 he has worked with Sahara AMC.

Funds Managed:

— Tarun Singh since 26-Mar-2019

Education: Mr. Singh has done B.Sc.

Experience: Prior joining to Union Mutual Fund he has worked with SBI Funds Management Private Limited and Prebon Yamane India Ltd. as Fixed Income Dealer. Enron India Pvt. Ltd as Accounts Executive.


0.01%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 1,133.9390

IDCW Monthly: ₹ 1,003.7174

IDCW Daily: ₹ 1,000.8180


Investment Strategy

The Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 2,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Union Mutual Fund
Launch Date: 27-Mar-2019
Return Since Launch: 3.77%
Benchmark: CRISIL Overnight Fund AI Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 165 Cr (As on 31-Jul-2022)
Expense Ratio: 0.18% (As on 31-Jul-2022)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.0892

 16-Aug-20220.1434
 15-Aug-20220.0560
 14-Aug-20220.0979
 13-Aug-20220.1434
 12-Aug-20220.0927
 11-Aug-20220.1434
 10-Aug-20220.0875
 09-Aug-20220.1417
 08-Aug-20220.0822
 07-Aug-20220.1347
 06-Aug-20220.0787
 05-Aug-20220.1330
 04-Aug-20220.0507
 03-Aug-20220.1190
 02-Aug-20220.0577
 01-Aug-20220.1260
 31-Jul-20220.0805
 30-Jul-20220.1348
 29-Jul-20220.0770
 28-Jul-20220.1348
 27-Jul-20220.0823
 26-Jul-20220.1349
 25-Jul-20220.0824
 24-Jul-20220.1384
IDCW Monthly26-Jul-20223.5672

 28-Jun-20223.8352
 26-May-20223.1612
 26-Apr-20222.9303
 26-Mar-20222.4376
 25-Feb-20222.7150
 25-Jan-20222.7172
 27-Dec-20212.9188
 25-Nov-20212.7558
 25-Oct-20212.3317
 27-Sep-20212.7172
 25-Aug-20212.4472
 26-Jul-20212.5867
 25-Jun-20212.6046
 25-May-20212.4741
 26-Apr-20212.6183
 25-Mar-20212.3183

Contact Information

AMC: Union Asset Management Company Pvt.Ltd.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone: (022) 6748 3300

Fax: 022-67483400/3401/3402

Email: [email protected]

Website: http://www.unionmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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