October 20, 2026
mayank
Union Overnight Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,457.35 |
| Monthly NAV IDCW (Rs.) | 1,003.48 |
| Daily NAV IDCW (Rs.) | 1,000.80 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark |
CRISIL Liquid Overnight Index
|
| AUM Rs. | 657 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.06% |
| 1 Year Return (%) | 5.26 |
| 3 Year Return (%) | 6.03 |
| 5 Year Return (%) | 5.74 |
| 10 Year Return (%) | — |
| Return Since Launch | 5.11% |
Suitable For Which Investors?
Overnight funds are suitable for:
1. Parking emergency corpus or idle money for capital preservation
2. Earning slightly higher returns than savings bank account, with low volatility
3. Investment horizon of up to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
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 | 5.11% |
| Benchmark | CRISIL Liquid Overnight Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 657 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.06% |
| (As on 30-Sep-2026) | |
| Risk Grade | Low |
| Return Grade | Average |
Union Overnight Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Overnight Dir | 4.09 | 0.02 | 0.42 | 1.27 | 2.58 | 5.26 | 6.03 | 5.74 | 5.07 | — |
| Debt: Overnight | 4.05 | 0.02 | 0.42 | 1.26 | 2.56 | 5.21 | 5.99 | 5.72 | 5.07 | — |
| Rank within category | 12 | 15 | 21 | 14 | 9 | 13 | 16 | 15 | 17 | — |
| Number of funds in category | 38 | 41 | 40 | 39 | 38 | 38 | 33 | 27 | 23 | 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 | 3 out of 5 stars | 5.26 | 6.03 | 5.74 | 0.06 | 657 | 5.11 | — | 7Y 6M |
| ICICI Pru Overnight Dir | 4 out of 5 stars | 5.25 | 6.02 | 5.73 | 0.07 | 12,280 | 5.18 | — | 7Y 11M |
| Axis Overnight Dir | 5 out of 5 stars | 5.28 | 6.06 | 5.78 | 0.06 | 10,855 | 5.16 | — | 7Y 7M |
| Kotak Overnight Dir | 4 out of 5 stars | 5.27 | 6.04 | 5.75 | 0.06 | 7,935 | 5.16 | — | 7Y 9M |
| Tata Overnight Dir | 5 out of 5 stars | 5.29 | 6.06 | 5.76 | 0.05 | 5,556 | 5.15 | — | 7Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 4 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 5.27 | 5.17 |
| Avg Credit Rating | GOI/Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://www.unionmf.com/investorlogin/
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