How to Invest in Union Money Market Fund Direct Growth?

You can easily invest in Union Money Market Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Union Money Market Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Union Money Market Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Union Money Market Fund Direct Growth provide?

The Union Money Market Fund Direct Growth has been there from NA and the average annual returns provided by this fund is 7.04% since its inception.

How much expense ratio is charged by Union Money Market Fund Direct Growth?

The term Expense Ratio used for Union Money Market Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Union Money Market Fund Direct Growth is 0.29% as of 04 Dec 2023...

What is the AUM of Union Money Market Fund Direct Growth?

The AUM, short for Assets Under Management of Union Money Market Fund Direct Growth is ₹172.95Cr as of 04 Dec 2023.

How to Redeem Union Money Market Fund Direct Growth?

If you want to sell your Union Money Market Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Union Money Market Fund Direct Growth?

You can select either SIP or Lumpsum investment of Union Money Market Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Union Money Market Fund Direct Growth?

The NAV of Union Money Market Fund Direct Growth is ₹1,127.52 as of 01 Dec 2023.

What is the PE and PB ratio of Union Money Market Fund Direct Growth?

The PE ratio ratio of Union Money Market Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Union Money Market Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Union Money Market Fund Direct Growth
Debt
Money Market
Low to Moderate Risk
1M
6M
1Y
All
 NAV: 01 Dec 2023₹1,127.52
Min. SIP amount₹1,000
Rating3
Fund size₹172.95Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Money Market
Absolute returns
3M6M1YAll
Fund returns1.7%3.4%7.1%12.6%
Category averageNANA7.0%NA
Rank with in category232221NA
Understand terms
Holdings (19)NameSectorInstrumentAssets
Bank Of Baroda
FinancialCD5.8%
ICICI Bank Ltd.
FinancialCD5.8%
Small Industries Devp. Bank of India Ltd.
FinancialCP5.8%
Kotak Mahindra Bank Ltd.
FinancialCD5.7%
Reserve Bank of India
FinancialT-Bills5.6%
Export-Import Bank Of India
FinancialCD5.6%
National Bank For Agriculture & Rural Development
FinancialCP5.6%
Axis Bank Ltd.
FinancialCD5.5%
Reserve Bank of India
FinancialT-Bills5.5%
Reserve Bank of India
FinancialT-Bills5.4%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
24 Nov 2023 - Present
0.29%
23 Nov 2023 - 24 Nov 2023
0.29%
22 Nov 2023 - 23 Nov 2023
0.29%
21 Nov 2023 - 22 Nov 2023
0.29%
20 Nov 2023 - 21 Nov 2023
0.29%
19 Nov 2023 - 20 Nov 2023
0.29%
18 Nov 2023 - 19 Nov 2023
0.29%
17 Nov 2023 - 18 Nov 2023
0.29%
16 Nov 2023 - 17 Nov 2023
0.29%
15 Nov 2023 - 16 Nov 2023
0.29%
14 Nov 2023 - 15 Nov 2023
0.29%
13 Nov 2023 - 14 Nov 2023
0.29%
12 Nov 2023 - 13 Nov 2023
0.29%
11 Nov 2023 - 12 Nov 2023
0.29%
10 Nov 2023 - 11 Nov 2023
0.29%
09 Nov 2023 - 10 Nov 2023
0.29%
08 Nov 2023 - 09 Nov 2023
0.29%
07 Nov 2023 - 08 Nov 2023
0.29%
06 Nov 2023 - 07 Nov 2023
0.29%
05 Nov 2023 - 06 Nov 2023
0.29%
04 Nov 2023 - 05 Nov 2023
0.29%
03 Nov 2023 - 04 Nov 2023
0.29%
02 Nov 2023 - 03 Nov 2023
0.29%
01 Nov 2023 - 02 Nov 2023
0.29%
31 Oct 2023 - 01 Nov 2023
0.29%
30 Oct 2023 - 31 Oct 2023
0.29%
29 Oct 2023 - 30 Oct 2023
0.29%
28 Oct 2023 - 29 Oct 2023
0.29%
27 Oct 2023 - 28 Oct 2023
0.29%
26 Oct 2023 - 27 Oct 2023
0.29%
25 Oct 2023 - 26 Oct 2023
0.29%
24 Oct 2023 - 25 Oct 2023
0.29%
23 Oct 2023 - 24 Oct 2023
0.29%
22 Oct 2023 - 23 Oct 2023
0.29%
21 Oct 2023 - 22 Oct 2023
0.29%
20 Oct 2023 - 21 Oct 2023
0.29%
19 Oct 2023 - 20 Oct 2023
0.29%
18 Oct 2023 - 19 Oct 2023
0.29%
17 Oct 2023 - 18 Oct 2023
0.29%
16 Oct 2023 - 17 Oct 2023
0.29%
15 Oct 2023 - 16 Oct 2023
0.29%
14 Oct 2023 - 15 Oct 2023
0.29%
13 Oct 2023 - 14 Oct 2023
0.29%
12 Oct 2023 - 13 Oct 2023
0.29%
11 Oct 2023 - 12 Oct 2023
0.29%
10 Oct 2023 - 11 Oct 2023
0.29%
09 Oct 2023 - 10 Oct 2023
0.29%
08 Oct 2023 - 09 Oct 2023
0.29%
07 Oct 2023 - 08 Oct 2023
0.29%
06 Oct 2023 - 07 Oct 2023
0.29%
05 Oct 2023 - 06 Oct 2023
0.29%
04 Oct 2023 - 05 Oct 2023
0.29%
03 Oct 2023 - 04 Oct 2023
0.29%
02 Oct 2023 - 03 Oct 2023
0.29%
01 Oct 2023 - 02 Oct 2023
0.29%
30 Sep 2023 - 01 Oct 2023
0.29%
29 Sep 2023 - 30 Sep 2023
0.29%
28 Sep 2023 - 29 Sep 2023
0.29%
27 Sep 2023 - 28 Sep 2023
0.29%
26 Sep 2023 - 27 Sep 2023
0.29%
25 Sep 2023 - 26 Sep 2023
0.29%
24 Sep 2023 - 25 Sep 2023
0.29%
23 Sep 2023 - 24 Sep 2023
0.29%
22 Sep 2023 - 23 Sep 2023
0.29%
21 Sep 2023 - 22 Sep 2023
0.29%
20 Sep 2023 - 21 Sep 2023
0.29%
19 Sep 2023 - 20 Sep 2023
0.29%
18 Sep 2023 - 19 Sep 2023
0.29%
17 Sep 2023 - 18 Sep 2023
0.29%
16 Sep 2023 - 17 Sep 2023
0.29%
15 Sep 2023 - 16 Sep 2023
0.29%
14 Sep 2023 - 15 Sep 2023
0.29%
13 Sep 2023 - 14 Sep 2023
0.29%
12 Sep 2023 - 13 Sep 2023
0.29%
11 Sep 2023 - 12 Sep 2023
0.29%
10 Sep 2023 - 11 Sep 2023
0.29%
09 Sep 2023 - 10 Sep 2023
0.29%
08 Sep 2023 - 09 Sep 2023
0.29%
07 Sep 2023 - 08 Sep 2023
0.29%
06 Sep 2023 - 07 Sep 2023
0.29%
05 Sep 2023 - 06 Sep 2023
0.29%
04 Sep 2023 - 05 Sep 2023
0.29%
03 Sep 2023 - 04 Sep 2023
0.29%
02 Sep 2023 - 03 Sep 2023
0.29%
01 Sep 2023 - 02 Sep 2023
0.29%
31 Aug 2023 - 01 Sep 2023
0.29%
31 Jul 2023 - 31 Aug 2023
0.29%
30 Jun 2023 - 31 Jul 2023
0.29%
31 May 2023 - 30 Jun 2023
0.29%
30 Apr 2023 - 31 May 2023
0.29%
31 Mar 2023 - 30 Apr 2023
0.24%
28 Feb 2023 - 31 Mar 2023
0.24%
31 Jan 2023 - 28 Feb 2023
0.24%
31 Dec 2022 - 31 Jan 2023
0.24%
31 Dec 2022 - 31 Dec 2022
0.24%
31 Dec 2022 - 31 Dec 2022
0.24%
30 Nov 2022 - 31 Dec 2022
0.14%
30 Nov 2022 - 30 Nov 2022
0.14%
30 Nov 2022 - 30 Nov 2022
0.14%
31 Oct 2022 - 30 Nov 2022
0.18%
31 Oct 2022 - 31 Oct 2022
0.18%
31 Oct 2022 - 31 Oct 2022
0.18%
30 Sep 2022 - 31 Oct 2022
0.18%
30 Sep 2022 - 30 Sep 2022
0.18%
30 Sep 2022 - 30 Sep 2022
0.18%
31 Aug 2022 - 30 Sep 2022
0.18%
31 Aug 2022 - 31 Aug 2022
0.18%
31 Jul 2022 - 31 Aug 2022
0.20%
31 Jul 2022 - 31 Jul 2022
0.20%
30 Jun 2022 - 31 Jul 2022
0.20%
30 Jun 2022 - 30 Jun 2022
0.20%
31 May 2022 - 30 Jun 2022
0.20%
31 May 2022 - 31 May 2022
0.20%
30 Apr 2022 - 31 May 2022
0.20%
30 Apr 2022 - 30 Apr 2022
0.20%
31 Mar 2022 - 30 Apr 2022
0.20%
31 Mar 2022 - 31 Mar 2022
0.20%
28 Feb 2022 - 31 Mar 2022
0.20%
28 Feb 2022 - 28 Feb 2022
0.20%
31 Jan 2022 - 28 Feb 2022
0.20%
31 Dec 2021 - 31 Jan 2022
0.20%
30 Nov 2021 - 31 Dec 2021
0.20%
31 Oct 2021 - 30 Nov 2021
0.20%
30 Sep 2021 - 31 Oct 2021
0.20%
31 Aug 2021 - 30 Sep 2021
0.20%
Expense ratio, exit load and taxExpense ratio: 0.29%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementParijat Agrawal
Aug 2021 - Present
View details
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.
Also manages these schemes
Union Liquid Fund Direct Growth
Union Dynamic Bond Fund Direct Growth
Union Asset Allocation Fund Direct Growth
Union Balanced Advantage Fund Direct Growth
Union Corporate Bond Fund Direct Growth
Union Equity Savings Fund Direct Growth
Union Medium Duration Fund Direct Growth
Union Hybrid Equity Fund Direct Growth
Union Money Market Fund Direct Growth
Union Gilt Fund Direct Growth
Devesh Thacker
Aug 2021 - Present
View details
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.
Also manages these schemes
Union Liquid Fund Direct Growth
Union Dynamic Bond Fund Direct Growth
Union Short Term Fund Direct Growth
Union Arbitrage Fund Direct Growth
Union Overnight Fund Direct Growth
Union Money Market Fund Direct Growth
Union Fixed Maturity Plan Series 13 (1114 Days) Direct Growth
Fund house & investment objective
Union Mutual Fund
Rank (total assets)#27 in India
Total AUM₹8,289.10Cr
Date of Incorporation30 Dec 2009
 Union Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Union Mutual Fund. This scheme was made available to investors on 30 Dec 2009. Parijat Agrawal is the Current Fund Manager of Union Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹8,289 Cr and the Latest NAV as of 01 Dec 2023 is ₹1,127.52.
The Union Money Market Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
;
Fund benchmarkCRISIL Money Market B-I Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit 503, 5th Floor,Leela Business Park, Andheri Kurla Road,Andheri (East) Mumbai 400059
Phone
022-67483300 / 1800-200-2268
Launch Date
30 Dec 2009
E-mail
[email protected]
Website
www.unionmf.com
Union Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Union Money Market Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.7%	3.4%	7.1%	12.6%
Category average	NA	NA	7.0%	NA
Rank with in category	23	22	21	NA

Name	Sector	Instrument	Assets
Bank Of Baroda	Financial	CD	5.8%
ICICI Bank Ltd.	Financial	CD	5.8%
Small Industries Devp. Bank of India Ltd.	Financial	CP	5.8%
Kotak Mahindra Bank Ltd.	Financial	CD	5.7%
Reserve Bank of India	Financial	T-Bills	5.6%
Export-Import Bank Of India	Financial	CD	5.6%
National Bank For Agriculture & Rural Development	Financial	CP	5.6%
Axis Bank Ltd.	Financial	CD	5.5%
Reserve Bank of India	Financial	T-Bills	5.5%
Reserve Bank of India	Financial	T-Bills	5.4%

Rank (total assets)	#27 in India
Total AUM	₹8,289.10Cr

Date of Incorporation	30 Dec 2009

Fund benchmark	CRISIL Money Market B-I Index

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Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹172.95Cr

Union Money Market Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (19)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.29%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Parijat AgrawalAug 2021 - PresentView details

Devesh ThackerAug 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Parijat Agrawal
Aug 2021 - Present
View details

Devesh Thacker
Aug 2021 - Present
View details