Union Money Market Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Money Market Fund category.

The NAV for Union Money Market Fund Fund is 1,138.000 as of 19 Apr 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given % annualized return for the last 3 years.

At present Union Money Market Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of      for

Below table shows comparison of Union Money Market Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of 36,000 over the period of 3 years.

Total Value Gain Return %
Bank FD

39,824

3,824

6.5%
Gold

40,770

4,770

8.00%

Fund Information

  • As of 31 Jan 2024, fund size of Union Money Market Fund is 183.78 Cr.

  • Union Money Market Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 1.03%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • Union Money Market Fund is an Debt oriented mutual fund in the - Money Market Fund category.

  • Nifty 50 Arbitrage Index is the benchmark for Union Money Market Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 25 Aug 2021 as at present it is 3 years old fund.

  • Name of the AMC is Union Mutual Fund. Click here to know more about Union Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Union Money Market Fund managed by following fund manager(s);

How does the Return Comparison of the Union Money Market Fund fare against peer funds in the Money Market fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Union Money Market Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Money Market fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.39% 0.96% 5.50% 5.50% 7.35% 5.71% 5.12% 6.25% 69.50%
Category Average 0.34% 0.85% 4.60% 4.92% 6.86% 5.31% 4.80% 5.82% 12.02%
Union Money Market Fund 0.11% 0.62% 1.70% 3.26% 6.37% 5.73% - - -
Nippon India Money Market Fund 0.12% 0.77% 2.07% 3.89% 7.57% 6.80% 5.83% 6.01% 6.93%
UTI Money Market Fund 0.11% 0.76% 2.02% 3.86% 7.58% 6.80% 5.81% 5.99% 6.92%
Kotak Money Market Fund 0.11% 0.75% 2.06% 3.87% 7.51% 6.71% 5.76% 5.87% 6.87%
Aditya Birla Sun Life Money Manager Fund 0.11% 0.76% 2.07% 3.89% 7.60% 6.77% 5.82% 6.13% 7.03%
Aditya Birla Sun Life Money Manager Fund 0.11% 0.76% 2.07% 3.89% 7.60% 6.77% 5.82% 6.13% 7.03%

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Union Money Market Fund are shown below;

Equity -

Debt 94.86%

Others 5.14%

Top Holdings

Name of the InstrumentHolding Percentage
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 13MAR24 5.40%
EXPORT IMPORT BANK OF INDIA CD 14MAR24 5.40%
CHOLAMANDALAM INVESTMENT AND FIN. CO. LTD 356D CP 30MAY24 5.29%
AXIS BANK LIMITED CD 20JUN24 5.28%
GOVERNMENT OF INDIA 33336 364 DAYS TBILL 22AG24 FV RS 100 5.23%
Others 73.40%

Allocation by Instruments

Type of the InstrumentHolding Percentage
CERTIFICATE OF DEPOSIT 18.77%
COMMERCIAL PAPER 13.13%
TREASURY BILLS 10.63%

Portfolio Holdings shown is as of 31 Jan 2024

Riskometer

Investors understand that their principal
will be at Low to Moderate risk