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Unrated

Union Overnight Fund - Direct 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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(₹)
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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 1.87 0.01 0.06 0.23 0.73 1.75 4.30 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Overnight 1.95 0.01 0.06 0.24 0.76 1.82 4.41 -- -- -- --
Rank within category 26 14 26 23 25 27 18 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 0

As on 10-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 - Direct Plan
Unrated
Mar-19 4.30 -- -- 0.07 21
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.36 5.52 5.90 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.39 5.55 6.03 0.11 13,825
ICICI Prudential Overnight Fund - Direct Plan  | Invest Now
Unrated
Nov-18 4.37 -- -- 0.10 10,011
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.42 -- -- 0.10 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 0.49 (27-Mar-2019 - 26-Apr-2019) 0.16 (23-Mar-2020 - 22-Apr-2020)
Quarter 1.45 (27-Mar-2019 - 26-Jun-2019) 0.65 (23-Mar-2020 - 22-Jun-2020)
Year 5.20 (27-Mar-2019 - 26-Mar-2020) 4.28 (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* 5.40 0.33 0.38 0.38 0.25 0.41
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 12-Jul-2020

Growth: ₹ 1,060.6457

Dividend Monthly: ₹ 1,002.0755

Dividend Daily: ₹ 1,000.7630


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: 4.65%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 21 Cr (As on 30-Jun-2020)
Expense: 0.07% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Jul-20200.0843

 11-Jul-20200.0845
 10-Jul-20200.0832
 09-Jul-20200.0815
 08-Jul-20200.0830
 07-Jul-20200.0825
 06-Jul-20200.0850
 05-Jul-20200.0820
 04-Jul-20200.0820
 03-Jul-20200.0801
 02-Jul-20200.1017
 01-Jul-20200.0776
 30-Jun-20200.0808
 29-Jun-20200.0773
 28-Jun-20200.0747
 27-Jun-20200.0748
 26-Jun-20200.0727
 25-Jun-20200.0573
 24-Jun-20200.0466
 23-Jun-20200.0720
 22-Jun-20200.0806
 21-Jun-20200.0803
 20-Jun-20200.0801
 19-Jun-20200.0792
 18-Jun-20200.0751
Dividend Monthly26-Jun-20202.3685

 27-May-20202.3496
 28-Apr-20201.9267
 27-Mar-20202.4215
 26-Feb-20202.7679
 28-Jan-20202.9072
 27-Dec-20192.9310
 26-Nov-20192.9601
 26-Oct-20192.7647
 26-Sep-20192.9564
 27-Aug-20193.2484
 26-Jul-20193.2246
 26-Jun-20193.1704
 28-May-20193.6683
 26-Apr-20193.0978

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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