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Mutual FundsUnion Overnight Fund Direct - GrowthU
Union Overnight Fund Direct - Growth
5 Year Absolute Returns
28.53%
NAV (₹) on 17 Jun 2025
1,360.6641
1 Day NAV Change
+0.19%3
Value Research
About Fund
Union Overnight Fund Direct - Growth is a Debt mutual fund scheme launched on 27 Mar 2019. Investors can begin their investment journey with a minimum SIP of ₹500 or a lumpsum investment of ₹5,000. The fund manages total assets worth ₹473.94 crores, and the current NAV stands at ₹1,360.6641 as of 17 Jun 2025. The fund has delivered absolute returns of 6.45% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 6.43%. For 5 years it has given a CAGR of 5.15%. The expense ratio of the fund is 0.07%.
NAV
NIFTY50
NAV
NIFTY50
2X
Investors doubled money in past NaN months.
CAGR: 5.15%
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Returns Calculator
Based on Annualised Returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 54.88 L
22.03%
₹ 34.28 L
5.15%
Savings Account
Regular Funds
This Fund on Dhan
Total Investment
₹ 30,00,000
Returns
₹ 4,27,999 (14.27%)
Maturity Value
₹ 34,27,999
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Returns Comparison
| This Fund | 1M Returns | 3M Returns | 6M Returns | 1Y Returns | 3Y Returns | 5Y Returns |
|---|---|---|---|---|---|---|
| Direct | 0.47% | 1.48% | 3.09% | 6.45% | 20.56% | 28.53% |
| Regular | 0.78% | 13.38% | -0.97% | 6.07% | 79.34% | 170.55% |
*The above returns are absolute.
Fund Details
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 473.94
Expense Ratio
0.07%
Lock-in Period
No Lock in Period
Inception Date
27 Mar 2019
Fund Age
6 Yrs
Benchmark
CRISIL Overnight Fund A-I Index
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- No charges for withdrawal
Tax Implication
- Returns to be taxed as per your normal Income Tax slab.
Fund AUM History
2025
2024
2023
2022
| Parameters | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|
| AUM (in Cr.) | 245 | 245 | 247 | 250 | 250 |
| Change | 1 | 0 | 2 | 3 | 0 |
| Change % | 0.51% | 0.15% | 0.63% | 1.21% | 0.05% |
Fund Returns Vs Nifty 50
*The above table contains absolute returns.
Asset Allocation
AUM
₹473.94 Cr
Cash Holding
5.67%
Equity
94.33%
Cash
5.67%
Debt
0.00%
Other
0.00%
Sector Holdings
as of 31 May 2025
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 32.88% | ||
| Industrials | 12.21% | ||
| Other | 9.70% | ||
| Consumer Cyclical | 8.55% | ||
| Healthcare | 8.06% | ||
| Technology | 7.61% | ||
| Communication Services | 5.01% | ||
| Basic Materials | 4.59% | ||
| Energy | 4.43% | ||
| Real Estate | 3.46% | ||
| Consumer Defensive | 2.66% | ||
| Utilities | 0.85% |
Stock Holdings
as of 31 May 2025
Start SIP with as Low as ₹100.
Fund Comparison
1Y Returns
2.87%
3Y Returns
29.70%
5Y Returns
34.66%
1Y Returns
4.73%
3Y Returns
30.27%
5Y Returns
32.25%
1Y Returns
5.00%
3Y Returns
22.49%
5Y Returns
25.91%
1Y Returns
4.69%
3Y Returns
21.51%
5Y Returns
23.75%
1Y Returns
0.27%
3Y Returns
22.01%
5Y Returns
23.58%
Fund Managers
Name
Devesh Thacker
Qualification
B.Com, M.B.A
Name
Tarun Singh
Qualification
B.Sc
Fund Objective
The investment objective of the Scheme is to generate returns by investing in Debt and Money Market Instruments with overnight maturity. However, there is no assurance that the Investment Objective of the scheme will be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Low Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Union Mutual Fund
Funds Managed
27
Assets Managed (₹ Cr)
₹ 20,911.63
Contact Details
Registered Address
Unit 503, 5th Floor, Leeela BusinessPark, Andheri Kurla Road,Andheri (East), Mumbai - 400059
Top Funds from Union Mutual Fund
Long Term Returns
Short Term Returns
Overview
Name | 1Y Returns | 3Y Returns | 5Y Returns  |
|---|---|---|---|
| 7.21% | 18.57% | 21.41% | |
| 7.16% | 18.56% | 21.35% | |
| 7.15% | 18.53% | 21.35% | |
| 7.14% | 18.52% | 21.34% | |
| 7.12% | 17.76% | 20.63% | |
| 8.69% | 7.91% | - | |
| 9.59% | 8.31% | - | |
| 8.66% | 7.86% | - | |
| -12.55% | 25.31% | - | |
| 9.30% | 8.31% | - |
1Y Returns
7.21%
3Y Returns
18.57%
5Y Returns
21.41%
1Y Returns
7.16%
3Y Returns
18.56%
5Y Returns
21.35%
1Y Returns
7.15%
3Y Returns
18.53%
5Y Returns
21.35%
1Y Returns
7.14%
3Y Returns
18.52%
5Y Returns
21.34%
1Y Returns
7.12%
3Y Returns
17.76%
5Y Returns
20.63%
1Y Returns
8.69%
3Y Returns
7.91%
5Y Returns
-
1Y Returns
9.59%
3Y Returns
8.31%
5Y Returns
-
1Y Returns
8.66%
3Y Returns
7.86%
5Y Returns
-
1Y Returns
-12.55%
3Y Returns
25.31%
5Y Returns
-
1Y Returns
9.30%
3Y Returns
8.31%
5Y Returns
-
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View AllFAQs
When was Union Overnight Fund launched?
Union Overnight Fund was launched on 27 Mar 2019.
What is the current NAV of Union Overnight Fund?
The current NAV of Union Overnight Fund is ₹1,360.6641 as of 17 Jun 2025.
What is the AUM of Union Overnight Fund?
The latest value of AUM of Union Overnight Fund is ₹473.94 crores as of 17 Jun 2025.
What is the rate of return of Union Overnight Fund?
The return on investment of Union Overnight Fund is:
- In the past 1Y: 6.45%
- In the past 3Y: 6.43%
- In the past 5Y: 5.15%
What is the expense ratio of Union Overnight Fund?
The expense ratio of Union Overnight Fund is 0.07%.
What is exit load of Union Overnight Fund?
The exit load of Union Overnight Fund is as follows:
No charges for withdrawal
How risky is investing in Union Overnight Fund?
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Union Overnight Fund is Low.
Who is the fund manager Union Overnight Fund?
The fund manager of Union Overnight Fund is Devesh Thacker, Tarun Singh.
What is the minimum investment required in Union Overnight Fund?
If you wish to invest in Union Overnight Fund, the minimum SIP amount is ₹500 and Lumpsum is ₹5,000.
How to invest in Union Overnight Fund directly?
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in Union Overnight Fund:
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.
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Union Overnight Fund
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