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Union Money Market Fund - Direct Plan download report


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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Union Money Market Fund Direct-G 1.86 0.03 0.11 0.41 0.96 1.86 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.91 0.05 0.07 0.27 0.34 0.91 -- -- -- -- --
Debt: Money Market 1.81 0.03 0.12 0.42 0.77 1.81 -- -- -- -- --
Rank within category 11 15 15 13 3 11 -- -- -- -- --
Number of funds in category 20 20 20 20 20 20 18 15 12 12 0

As on 01-Jul-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Money Market Fund - Direct Plan
Unrated
Aug-21 -- -- -- 0.20% 127
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.80 5.36 6.27 0.23% 21,864
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.87 5.50 6.44 0.21% 13,543
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.86 5.50 6.33 0.21% 13,367
Nippon India Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.97 5.29 6.29 0.18% 10,267

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.13 07-Jun-2022 - 14-Jun-2022 -0.01 28-Apr-2022 - 05-May-2022
Month 0.41 27-May-2022 - 28-Jun-2022 0.21 06-Apr-2022 - 06-May-2022
Quarter 0.96 31-Mar-2022 - 01-Jul-2022 0.79 27-Aug-2021 - 26-Nov-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Union Money Market Fund Direct-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.65 0.36 -2.33 -4.59 -- --
Debt: Money Market* 5.09 0.79 2.12 5.70 1.50 2.86
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 2 47
Modified Duration (yrs) 0.16 0.24 0.01 --
Average Maturity (yrs) 0.16 0.25 0.01 --
Yield to Maturity (%) 4.61 4.61 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
equal Reserve Bank of India 182-D 22/09/2022 Treasury Bills SOV 0.00 - 18.29 15.46
equal Reserve Bank of India 364-D 23/06/2022 Treasury Bills SOV 0.00 - 9.25 7.83
equal Reserve Bank of India 182-D 08/09/2022 Treasury Bills SOV 0.00 - 9.16 7.75
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 9.15 7.74
new Reserve Bank of India 364-D 01/12/2022 Treasury Bills SOV 0.00 - 7.64 7.64
new Bank of Baroda 2022 Certificate of Deposit A1+ 0.00 - 3.93 3.93
equal SIDBI 2022 Commercial Paper A1+ 0.00 - 4.63 3.93
new HDFC Bank 21/06/2022 Certificate of Deposit A1+ 0.00 - 3.92 3.92
equal Canara Bank 23/06/2022 Certificate of Deposit A1+ 0.00 - 3.98 3.92
new Axis Bank 20/06/2022 Certificate of Deposit A1+ 0.00 - 3.92 3.92
new HDFC 354-D 10/06/2022 Commercial Paper A1+ 0.00 - 3.92 3.92
equal Indian Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 3.98 3.92
new Reserve Bank of India 91-D 16/06/2022 Treasury Bills SOV 0.00 - 3.92 3.92
equal Reliance Industries 346-D 27/06/2022 Commercial Paper A1+ 0.00 - 4.62 3.91
equal Indian Bank 29/06/2022 Certificate of Deposit A1+ 0.00 - 3.98 3.91
new National Bank Agr. Rur. Devp 175-D 30/08/2022 Commercial Paper A1+ 0.00 - 3.88 3.88

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-May-2022

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:


0.03%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 1,030.1494

IDCW Monthly: ₹ 1,000.7755


Investment Strategy

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

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

Basic Details

Fund House: Union Mutual Fund
Launch Date: 25-Aug-2021
Return Since Launch: 3.01%
Benchmark: CRISIL Money Market Fund BI Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 127 Cr (As on 31-May-2022)
Expense: 0.20% (As on 31-May-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Jun-20224.2579

 26-May-20222.1982
 26-Apr-20223.0472
 28-Mar-20222.7363
 28-Feb-20223.0245
 27-Jan-20222.8168
 28-Dec-20212.9518
 26-Nov-20212.8451
 26-Oct-20212.3749
 28-Sep-20212.8925
IDCW Weekly20-Oct-20210.6553

 12-Oct-20210.5859
 05-Oct-20210.6042
 28-Sep-20210.5447
 21-Sep-20210.5490
 14-Sep-20210.5473
 07-Sep-20210.5677
 31-Aug-20210.5940
IDCW Daily17-Sep-20210.0863

 16-Sep-20210.0825
 15-Sep-20210.0831
 14-Sep-20210.0825
 13-Sep-20210.3266
 09-Sep-20210.0793
 08-Sep-20210.0802
 07-Sep-20210.0813
 06-Sep-20210.2513
 03-Sep-20210.0758
 02-Sep-20210.0792
 01-Sep-20210.0785
 31-Aug-20210.0904
 30-Aug-20210.2639
 27-Aug-20210.2346

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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