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Unrated

Union Overnight Fund - Regular Plan


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 maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 1.85 0.01 0.06 0.23 0.71 1.68 4.16 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 -- -- -- --
Debt: Overnight 1.92 0.01 0.06 0.23 0.73 1.75 4.26 -- -- -- --
Rank within category 26 20 21 24 26 26 17 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 14-Jul-2020

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
Unrated
Mar-19 4.16 -- -- 0.17 21
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.23 5.42 5.81 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.29 5.47 5.91 0.18 13,825
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.24 -- -- 0.20 10,011
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.26 -- -- 0.22 7,621

Best & Worst Performance

Best (Period) Worst (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) 4.18 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.16 0.32 -0.48 -0.60 0.24 0.16
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) -- -- -- --

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-2020

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 14-Jul-2020

Growth: ₹ 1,059.4389

Dividend Daily: ₹ 1,000.7565


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
Exit Load 0

Basic Details

Fund House: Union Mutual Fund
Launch Date: 27-Mar-2019
Return Since Launch: 4.54%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 21 Cr (As on 30-Jun-2020)
Expense: 0.17% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0797

 13-Jul-20200.0787
 12-Jul-20200.0816
 11-Jul-20200.0816
 10-Jul-20200.0806
 09-Jul-20200.0787
 08-Jul-20200.0806
 07-Jul-20200.0787
 06-Jul-20200.0816
 05-Jul-20200.0301
 04-Jul-20200.1457
 03-Jul-20200.0531
 02-Jul-20200.1081
 01-Jul-20200.0643
 30-Jun-20200.0839
 29-Jun-20200.0591
 28-Jun-20200.0773
 27-Jun-20200.0587
 26-Jun-20200.0806
 25-Jun-20200.0663
 24-Jun-20200.0686
 23-Jun-20200.4232
 22-Jun-20200.0395
 21-Jun-20200.0758
 20-Jun-20200.0646

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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