How to Invest in Union Overnight Fund Direct Growth?

You can easily invest in Union Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Union Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Union Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Overnight Fund Direct Growth provide?

The Union Overnight Fund Direct Growth has been there from 27 Mar 2019 and the average annual returns provided by this fund is 6.63% since its inception.

How much expense ratio is charged by Union Overnight Fund Direct Growth?

The term Expense Ratio used for Union Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Union Overnight Fund Direct Growth is 0.08% as of 04 Dec 2023...

What is the AUM of Union Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of Union Overnight Fund Direct Growth is ₹379.72Cr as of 04 Dec 2023.

How to Redeem Union Overnight Fund Direct Growth?

If you want to sell your Union Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Overnight Fund Direct Growth?

The NAV of Union Overnight Fund Direct Growth is ₹1,233.48 as of 03 Dec 2023.

What is the PE and PB ratio of Union Overnight Fund Direct Growth?

The PE ratio ratio of Union Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Union Overnight Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Union Overnight Fund Direct Growth
Debt
Overnight
Low Risk
74%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
All
 NAV: 03 Dec 2023₹1,233.48
Min. SIP amount₹2,000
Rating3
Fund size₹379.72Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Overnight
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA6.6%4.7%4.6%
Category averageNA6.5%4.7%NA
Rank with in categoryNA2017NA
Understand terms
Holdings (3)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills1.3%
Reserve Bank of India
FinancialT-Bills0.9%
Reserve Bank of India
FinancialT-Bills0.8%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Nov 2023 - Present
08%
Nov 2023 - 24 Nov 2023
08%
Nov 2023 - 23 Nov 2023
08%
Nov 2023 - 22 Nov 2023
08%
Nov 2023 - 21 Nov 2023
08%
Nov 2023 - 20 Nov 2023
08%
Nov 2023 - 19 Nov 2023
08%
Nov 2023 - 18 Nov 2023
08%
Nov 2023 - 17 Nov 2023
08%
Nov 2023 - 16 Nov 2023
08%
Nov 2023 - 15 Nov 2023
08%
Nov 2023 - 14 Nov 2023
08%
Nov 2023 - 13 Nov 2023
08%
Nov 2023 - 12 Nov 2023
08%
Nov 2023 - 11 Nov 2023
08%
Nov 2023 - 10 Nov 2023
08%
Nov 2023 - 09 Nov 2023
08%
Nov 2023 - 08 Nov 2023
08%
Nov 2023 - 07 Nov 2023
08%
Nov 2023 - 06 Nov 2023
08%
Nov 2023 - 05 Nov 2023
08%
Nov 2023 - 04 Nov 2023
08%
Nov 2023 - 03 Nov 2023
08%
Nov 2023 - 02 Nov 2023
08%
Oct 2023 - 01 Nov 2023
08%
Oct 2023 - 31 Oct 2023
08%
Oct 2023 - 30 Oct 2023
08%
Oct 2023 - 29 Oct 2023
08%
Oct 2023 - 28 Oct 2023
08%
Oct 2023 - 27 Oct 2023
08%
Oct 2023 - 26 Oct 2023
08%
Oct 2023 - 25 Oct 2023
08%
Oct 2023 - 24 Oct 2023
08%
Oct 2023 - 23 Oct 2023
08%
Oct 2023 - 22 Oct 2023
08%
Oct 2023 - 21 Oct 2023
08%
Oct 2023 - 20 Oct 2023
08%
Oct 2023 - 19 Oct 2023
08%
Oct 2023 - 18 Oct 2023
08%
Oct 2023 - 17 Oct 2023
08%
Oct 2023 - 16 Oct 2023
08%
Oct 2023 - 15 Oct 2023
08%
Oct 2023 - 14 Oct 2023
08%
Oct 2023 - 13 Oct 2023
08%
Oct 2023 - 12 Oct 2023
08%
Oct 2023 - 11 Oct 2023
08%
Oct 2023 - 10 Oct 2023
08%
Oct 2023 - 09 Oct 2023
08%
Oct 2023 - 08 Oct 2023
08%
Oct 2023 - 07 Oct 2023
08%
Oct 2023 - 06 Oct 2023
08%
Oct 2023 - 05 Oct 2023
08%
Oct 2023 - 04 Oct 2023
08%
Oct 2023 - 03 Oct 2023
08%
Oct 2023 - 02 Oct 2023
08%
Sep 2023 - 01 Oct 2023
08%
Sep 2023 - 30 Sep 2023
08%
Sep 2023 - 29 Sep 2023
08%
Sep 2023 - 28 Sep 2023
08%
Sep 2023 - 27 Sep 2023
08%
Sep 2023 - 26 Sep 2023
08%
Sep 2023 - 25 Sep 2023
08%
Sep 2023 - 24 Sep 2023
08%
Sep 2023 - 23 Sep 2023
08%
Sep 2023 - 22 Sep 2023
08%
Sep 2023 - 21 Sep 2023
08%
Sep 2023 - 20 Sep 2023
08%
Sep 2023 - 19 Sep 2023
08%
Sep 2023 - 18 Sep 2023
08%
Sep 2023 - 17 Sep 2023
08%
Sep 2023 - 16 Sep 2023
08%
Sep 2023 - 15 Sep 2023
08%
Sep 2023 - 14 Sep 2023
08%
Sep 2023 - 13 Sep 2023
08%
Sep 2023 - 12 Sep 2023
08%
Sep 2023 - 11 Sep 2023
08%
Sep 2023 - 10 Sep 2023
08%
Sep 2023 - 09 Sep 2023
08%
Sep 2023 - 08 Sep 2023
08%
Sep 2023 - 07 Sep 2023
08%
Sep 2023 - 06 Sep 2023
08%
Sep 2023 - 05 Sep 2023
08%
Sep 2023 - 04 Sep 2023
08%
Sep 2023 - 03 Sep 2023
08%
Sep 2023 - 02 Sep 2023
08%
Aug 2023 - 01 Sep 2023
08%
Jul 2023 - 31 Aug 2023
08%
Jun 2023 - 31 Jul 2023
08%
May 2023 - 30 Jun 2023
08%
Apr 2023 - 31 May 2023
08%
Mar 2023 - 30 Apr 2023
08%
Feb 2023 - 31 Mar 2023
08%
Jan 2023 - 28 Feb 2023
08%
Dec 2022 - 31 Jan 2023
08%
Dec 2022 - 31 Dec 2022
08%
Dec 2022 - 31 Dec 2022
08%
Nov 2022 - 31 Dec 2022
08%
Nov 2022 - 30 Nov 2022
08%
Nov 2022 - 30 Nov 2022
08%
Oct 2022 - 30 Nov 2022
08%
Oct 2022 - 31 Oct 2022
08%
Oct 2022 - 31 Oct 2022
08%
Sep 2022 - 31 Oct 2022
08%
Sep 2022 - 30 Sep 2022
08%
Sep 2022 - 30 Sep 2022
08%
Aug 2022 - 30 Sep 2022
08%
Aug 2022 - 31 Aug 2022
08%
Jul 2022 - 31 Aug 2022
08%
Jul 2022 - 31 Jul 2022
08%
Jun 2022 - 31 Jul 2022
08%
Jun 2022 - 30 Jun 2022
08%
May 2022 - 30 Jun 2022
08%
May 2022 - 31 May 2022
08%
Apr 2022 - 31 May 2022
08%
Apr 2022 - 30 Apr 2022
08%
Mar 2022 - 30 Apr 2022
08%
Mar 2022 - 31 Mar 2022
08%
Feb 2022 - 31 Mar 2022
08%
Feb 2022 - 28 Feb 2022
08%
Jan 2022 - 28 Feb 2022
08%
Dec 2021 - 31 Jan 2022
08%
Nov 2021 - 31 Dec 2021
08%
Oct 2021 - 30 Nov 2021
08%
Sep 2021 - 31 Oct 2021
08%
Aug 2021 - 30 Sep 2021
08%
Jul 2021 - 31 Aug 2021
08%
Jun 2021 - 31 Jul 2021
08%
May 2021 - 30 Jun 2021
08%
Apr 2021 - 31 May 2021
08%
Mar 2021 - 30 Apr 2021
08%
Feb 2021 - 31 Mar 2021
09%
Jan 2021 - 28 Feb 2021
07%
Dec 2020 - 31 Jan 2021
07%
Nov 2020 - 31 Dec 2020
07%
Oct 2020 - 30 Nov 2020
07%
Sep 2020 - 31 Oct 2020
07%
Aug 2020 - 30 Sep 2020
07%
Jul 2020 - 31 Aug 2020
07%
Jun 2020 - 31 Jul 2020
07%
May 2020 - 30 Jun 2020
07%
Apr 2020 - 31 May 2020
07%
Mar 2020 - 30 Apr 2020
07%
Feb 2020 - 31 Mar 2020
07%
Jan 2020 - 29 Feb 2020
07%
Dec 2019 - 31 Jan 2020
05%
Nov 2019 - 31 Dec 2019
05%
Oct 2019 - 30 Nov 2019
09%
Sep 2019 - 31 Oct 2019
20%
Aug 2019 - 30 Sep 2019
20%
Jul 2019 - 31 Aug 2019
09%
Jun 2019 - 31 Jul 2019
09%
May 2019 - 30 Jun 2019
09%
Apr 2019 - 31 May 2019
09%
Mar 2019 - 30 Apr 2019
09%
Expense ratio, exit load and taxExpense ratio: 0.08%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹2,000
Fund managementDevesh Thacker
Mar 2019 - Present
View details
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.
Also manages these schemes
Union Liquid Fund Direct Growth
Union Dynamic Bond Fund Direct Growth
Union Short Term Fund Direct Growth
Union Arbitrage Fund Direct Growth
Union Overnight Fund Direct Growth
Union Money Market Fund Direct Growth
Union Fixed Maturity Plan Series 13 (1114 Days) Direct Growth
Tarun Singh
Mar 2019 - Present
View details
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.
Also manages these schemes
Union Overnight Fund Direct Growth
Fund house & investment objective
Union Mutual Fund
Rank (total assets)#27 in India
Total AUM₹8,289.10Cr
Date of Incorporation30 Dec 2009
 Union Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Devesh Thacker is the Current Fund Manager of Union Overnight Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,289 Cr and the Latest NAV as of 03 Dec 2023 is ₹1,233.48.
The Union Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹2,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity.
;
Fund benchmarkCRISIL Liquid Overnight Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
Dec 2009
E-mail
[email protected]
Website
www.unionmf.com
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Union Overnight Fund Direct Growth
VS
Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	6.6%	4.7%	4.6%
Category average	NA	6.5%	4.7%	NA
Rank with in category	NA	20	17	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	1.3%
Reserve Bank of India	Financial	T-Bills	0.9%
Reserve Bank of India	Financial	T-Bills	0.8%

Rank (total assets)	#27 in India
Total AUM	₹8,289.10Cr

Date of Incorporation	30 Dec 2009

Fund benchmark	CRISIL Liquid Overnight Index

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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹379.72Cr

Union Overnight Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (3)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.08%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Devesh ThackerMar 2019 - PresentView details

Tarun SinghMar 2019 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Devesh Thacker
Mar 2019 - Present
View details

Tarun Singh
Mar 2019 - Present
View details