August 19, 2025
RA Jainee
Union Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,372.8923
Monthly NAV IDCW: Rs 1,004.1385
Daily NAV IDCW: Rs 1,000.7996
Suitable For Which Investors?
Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity.
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) Tarun Singh
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.
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) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Union Overnight Fund
| Fund House | Union Mutual Fund |
| Launch Date | 27-Mar-19 |
| Return Since Launch | 5.08% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 356 Cr |
| (As on 31-Jul-2025) | |
| Expense | 0.07% |
| (As on 31-Jul-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of Union Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Overnight Dir | 3.75 | 0.01 | 0.45 | 1.35 | 2.86 | 6.23 | 6.45 | 5.23 | — | — |
| CCIL T Bill Liquidity Weight | 3.23 | 0.02 | 0.32 | 1.17 | 2.53 | 4.92 | 4.55 | 3.57 | — | — |
| Debt: Overnight | 3.73 | 0.01 | 0.45 | 1.35 | 2.85 | 6.22 | 6.44 | 5.22 | — | — |
| Rank within category | 18 | 22 | 22 | 20 | 15 | 21 | 15 | 16 | — | — |
| Number of funds in category | 34 | 37 | 37 | 35 | 34 | 34 | 29 | 27 | 3 | 2 |
Peer Comparison of Union Overnight 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 Overnight Dir | 4 star | 6.23 | 6.45 | 5.23 | 0.07 | 356 | 5.08 | — | 6Y 4M |
| Axis Overnight Dir | 5 star | 6.30 | 6.49 | 5.26 | 0.07 | 11,479 | 5.14 | — | 6Y 5M |
| ABSL Overnight Dir | 4 star | 6.25 | 6.46 | 5.24 | 0.08 | 9,298 | 5.19 | — | 6Y 9M |
| Kotak Overnight Dir | 4 star | 6.26 | 6.47 | 5.24 | 0.08 | 9,041 | 5.14 | — | 6Y 7M |
| Nippon India Overnight Dir | 4 star | 6.28 | 6.48 | 5.25 | 0.08 | 7,069 | 5.18 | — | 6Y 8M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 4 |
| Macaulay Duration (yrs) | 0.01 | — |
| Average Maturity (yrs) | 0.01 | — |
| Yield to Maturity (%) | 5.61 | 5.48 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Union Overnight Fund
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