DEBT•MONEY MARKET FUND
Union Money Market Fund
3 Year return
7.23%
NAV on August 15, 2026
1363.8608
1D Returns
+0.42%
Launched on August 2021(5 years)
Investment Details
₹500
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
11.97%₹431
Total Value ₹4,031
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹1,072.52 Cr.
Expense Ratio
0.19% (inclusive of GST)
Exit Load
Nil
Ratings
0
Ratings by other agencies
Value Research
0
Crisil
0
Morning Star
0
Tax Implications
Tax on gains as per your income tax bracket
Union Mutual Fund Manager
DT
Devesh Thacker
Fund Manager since Aug 2021
PA
Parijat Agrawal
Fund Manager since Jul 2018
Fund House Details
Union Mutual Fund
Asset management company
AUM
₹28,513.11 Cr.
No. of Schemes
94
Setup Date
23rd March 2011
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| TATA Money Market Fund | 7.5534% | 4.5 |
| Nippon India Money Market Fund | 7.4465% | 4.5 |
| Axis Money Market Fund | 7.4745% | 4 |
Schemes by Union Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
The Union Money Market Fund Direct Plan Growth is a debt mutual fund that invests in money market instruments such as Treasury bills, commercial papers, certificates of deposit, and repurchase agreements. It aims to provide investors with a low-risk investment option with the potential for income generation.
The Union Money Market Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Union Money Market Fund Direct Plan Growth is low compared to the category average.
Investment Objectives of the Scheme
The investment objective of the Union Money Market Fund Direct Plan Growth is to generate income by investing in a diversified portfolio of money market instruments. The fund aims to achieve this objective by investing in a variety of instruments, such as Treasury bills, commercial papers, certificates of deposit, and repurchase agreements.
Key Features of The Fund
5-year return
0%
Expense Ratio
0.19%
Fund Manager
Devesh Thacker
Fund Size
₹1072.52 Cr.
Risk Profile
Moderately Low
Is This Scheme Right for Me?
The Union Money Market Fund Direct Plan Growth is suitable for investors who are looking for a low-risk investment option with the potential for income generation. The fund is also suitable for investors who need access to their money quickly, as money market funds are highly liquid.
AMC Contact Details
| Name | Union Mutual Fund |
| Launch Date | 23rd March 2011 |
| Address | Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059 |
| Contact | (022) 6748 3300 |
| investorcare@unionmf.com | |
| Website | https://www.unionmf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Invest Smart, Start Your SIP Today
Take control of your financial future by using our systematic investment plan calculator. All you have to do is input your desired investment amount and time horizon into our SIP calculator. Witness firsthand the potential growth of your investments as you tailor your strategy to match your unique financial objectives. With a personalised approach, you can ensure steady wealth accumulation over time, bringing you closer to your financial goals.
FAQs
What is today's NAV of Union Money Market Fund?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Union Money Market Fund on August 15, 2026, is ₹1363.8608
What is the AUM of Union Money Market Fund?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Union Money Market Fund, is ₹1072.52 crore.
What is the expense ratio of Union Money Market Fund?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Union Money Market Fund is 0.19%
What are the returns of Union Money Market Fund since inception?
The Union Money Market Fund was launched on August 24, 2021. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Union Money Market Fund?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Union Money Market Fund is ₹500.
How do I invest in Union Money Market Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Union Money Market Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Union Money Market Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Union Money Market Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,031 in 3Y at 7.2327% returns
SIP Date1st of every month
Your next SIP Payment will be on 16 September 2026
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