3 Year return
0Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹168.68 Cr.
Expense Ratio
0.27% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 3 years
Tax based on your income tax bracket
Withdrawal after 3 years
20% tax after indexation (adjusting for inflation)
Fund Holdings
Union Mutual Fund Managers
PA
Parijat Agrawal
Fund Manager since Jul 2022
Fund House Details
Union Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Edelweiss Money Market Fund Direct Plan IDCW Payout |
5.59% |
1.5 |
Edelweiss Money Market Fund Direct Plan Annual IDCW Payout |
5.58% |
1.5 |
SBI Savings Fund Direct Plan Weekly IDCW Payout |
5.68% |
3 |
Schemes by Union Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Union Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Union Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Union Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Union Arbitrage Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
Union Arbitrage Fund Direct Plan Growth
About Union Money Market Fund Direct Plan Growth
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 | NA |
Expense Ratio | 0.27% |
Fund Manager | Parijat Agrawal |
Fund Size | ₹168.68 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 |
Addresss | 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.
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FAQs
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What is the minimum SIP amount to invest in Union Money Market Fund?
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.