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2 star

Union Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 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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(₹)
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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
Fund 1.78 0.01 0.06 0.26 0.78 1.50 2.99 -- -- -- --
CCIL T Bill Liquidity Weight 1.18 -0.01 0.05 0.20 0.55 1.09 2.12 -- -- -- --
Debt: Overnight 1.80 0.01 0.06 0.26 0.78 1.52 3.02 -- -- -- --
Rank within category 21 14 14 25 23 24 21 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 03-Aug-2021

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
2 star
Mar-19 2.99 -- -- 0.18 74
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.12 7,783
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.05 4.47 5.15 0.12 7,099
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.01 -- -- 0.19 5,273
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.04 -- -- 0.13 1,213

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
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.44 0.39 -1.76 -4.38 -- --
Debt: Overnight* 4.26 0.38 0.32 1.86 0.64 0.58
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jul-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.22 3.35 2.55 3.24
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2021

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 03-Aug-2021

Growth: ₹ 1,092.9308

IDCW Monthly: ₹ 1,001.3335

IDCW Daily: ₹ 1,000.7574


Investment Strategy

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

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum 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: 3.84%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 74 Cr (As on 30-Jun-2021)
Expense: 0.18% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Aug-20210.0825

 02-Aug-20210.0827
 01-Aug-20210.0849
 31-Jul-20210.0844
 30-Jul-20210.0825
 29-Jul-20210.0816
 28-Jul-20210.0807
 27-Jul-20210.0860
 26-Jul-20210.0826
 25-Jul-20210.0858
 24-Jul-20210.0853
 23-Jul-20210.0826
 22-Jul-20210.0805
 21-Jul-20210.0832
 20-Jul-20210.0807
 19-Jul-20210.0850
 18-Jul-20210.0859
 17-Jul-20210.0861
 16-Jul-20210.0814
 15-Jul-20210.0823
 14-Jul-20210.0820
 13-Jul-20210.0821
 12-Jul-20210.0818
 11-Jul-20210.0865
 10-Jul-20210.0869
IDCW Monthly26-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: 022-67483300 / 1800-200-2268

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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