August 19, 2025
RA Jainee
Union Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,278.5471
Monthly NAV IDCW: Rs 1,012.1732
Suitable For Which Investors?
Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund Manager:
1) Devesh Thacker
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.
2) Parijat Agrawal
Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.
Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Union Money Market Fund
| Fund House | Union Mutual Fund |
| Launch Date | 26-Aug-21 |
| Return Since Launch | 6.37% |
| Benchmark | CRISIL Money Market A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 176 Cr |
| (As on 31-Jul-2025) | |
| Expense | 0.16% |
| (As on 31-Jul-2025) | |
| Risk Grade | — |
| Return Grade | Low |
Trailing Returns (%) of Union Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Money Market Dir | 4.94 | 0.07 | 0.45 | 1.75 | 3.97 | 7.75 | 7.23 | — | — | — |
| CCIL T Bill Liquidity Weight | 3.23 | 0.02 | 0.32 | 1.17 | 2.53 | 4.92 | 4.55 | — | — | — |
| Debt: Money Market | 5.15 | 0.06 | 0.45 | 1.82 | 4.15 | 7.98 | 7.47 | — | — | — |
| Rank within category | 21 | 3 | 21 | 24 | 21 | 21 | 21 | — | — | — |
| Number of funds in category | 23 | 25 | 25 | 24 | 24 | 23 | 22 | 17 | 13 | 12 |
Peer Comparison of Union Money Market Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Union Money Market Dir | 1 star | 7.75 | 7.23 | — | 0.16 | 176 | 6.37 | — | 3Y 11M |
| Tata Money Market Dir | 5 star | 8.21 | 7.77 | 6.36 | 0.15 | 41,235 | 6.79 | — | 12Y 7M |
| HDFC Money Market Dir | 4 star | 8.09 | 7.62 | 6.18 | 0.23 | 36,814 | 7.37 | — | 12Y 7M |
| ABSL Money Manager Dir | 4 star | 8.07 | 7.66 | 6.24 | 0.22 | 29,515 | 7.46 | — | 12Y 7M |
| Nippon India Money Market Dir | 4 star | 8.13 | 7.66 | 6.23 | 0.22 | 22,461 | 7.37 | — | 12Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 90 |
| Macaulay Duration (yrs) | 0.52 | 0.63 |
| Average Maturity (yrs) | 0.52 | 0.63 |
| Yield to Maturity (%) | 6.14 | 6.30 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Money Market Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://unionmf.com/investorlogin/
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks