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Unrated

Union Money Market Fund - Regular Plan


Debt: Money Market

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 -- 0.01 0.05 0.22 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.03 0.05 0.20 -- -- -- -- -- -- --
Debt: Money Market -- 0.01 0.07 0.30 -- -- -- -- -- -- --
Rank within category -- 20 19 20 -- -- -- -- -- -- --
Number of funds in category 18 20 20 20 19 18 18 14 12 12 12

As on 26-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Money Market Fund - Regular Plan
Unrated
Aug-21 -- -- -- 0.95% 160
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.72 6.27 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.79 6.34 6.67 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.65 6.09 6.46 0.33% 13,305
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 3.86 6.35 5.00 0.43% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.08 03-Nov-2021 - 12-Nov-2021 0.04 22-Oct-2021 - 29-Oct-2021
Month 0.22 14-Oct-2021 - 15-Nov-2021 0.19 30-Aug-2021 - 29-Sep-2021
Quarter 0.60 27-Aug-2021 - 26-Nov-2021 0.60 27-Aug-2021 - 26-Nov-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.25 0.40 -1.53 -4.22 -- --
Debt: Money Market* 6.01 0.93 2.51 6.57 1.60 3.12
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 8 2 45
Modified Duration (yrs) 0.05 0.05 0.01 --
Average Maturity (yrs) 0.05 0.05 0.01 --
Yield to Maturity (%) 3.56 3.56 3.20 --
Avg Credit Rating AAA -- -- --

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 25/11/2021 Treasury Bills SOV 0.00 - 15.62 15.62
equal Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 6.98 6.26
new Bajaj Finance 91-D 17/11/2021 Commercial Paper A1+ 0.00 - 6.25 6.25
new Axis Finance 90-D 30/11/2021 Commercial Paper A1+ 0.00 - 6.24 6.24
new Export-Import Bank 184-D 31/12/2021 Certificate of Deposit A1+ 0.00 - 6.23 6.23
new SIDBI 90-D 28/12/2021 Commercial Paper A1+ 0.00 - 6.23 6.23
new LIC Housing Fin. 171-D 20/12/2021 Commercial Paper A1+ 0.00 - 6.23 6.23
new Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 3.12 3.12

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-Oct-2021

Fund Manager

— Devesh Thacker since 24-Aug-2021

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:

— Parijat Agrawal since 24-Aug-2021

Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.

Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Funds Managed:


0.01%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 1,006.2294

IDCW Weekly: ₹ 1,000.2321

IDCW Daily: ₹ 1,000.0564


Investment Strategy

The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Union Mutual Fund
Launch Date: 25-Aug-2021
Return Since Launch: 0.62%
Benchmark: CRISIL Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 160 Cr (As on 31-Oct-2021)
Expense: 0.95% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0653

 25-Nov-20210.0769
 24-Nov-20210.0915
 23-Nov-20210.0611
 22-Nov-20210.2491
 18-Nov-20210.0567
 17-Nov-20210.0777
 16-Nov-20210.0526
 15-Nov-20210.1981
 12-Nov-20210.0674
 11-Nov-20210.0697
 10-Nov-20210.0683
 09-Nov-20210.0955
 08-Nov-20210.4112
 03-Nov-20210.0878
 02-Nov-20210.0681
 01-Nov-20210.2040
 29-Oct-20210.0440
 28-Oct-20210.0541
 27-Oct-20210.0902
 26-Oct-20210.0459
 25-Oct-20210.1602
 22-Oct-20210.0701
 21-Oct-20210.0716
 20-Oct-20210.1312

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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