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Union Overnight Fund - NAV, Returns, Performance, SIP Investment 2025 | Allvest

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Invest in Union Overnight Fund with latest NAV ₹1,345.34. Get complete fund details, returns, portfolio, expense ratio, SIP options, and expert analysis at Allvest.

Investment Objective and Approach

The Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity. This fund is designed for investors looking for low-risk investment options with daily liquidity. The fund primarily invests in very short-term instruments that mature within one business day, providing capital preservation with modest returns.

The investment approach focuses on maintaining high liquidity while generating returns through overnight money market instruments. This strategy helps in minimizing interest rate risk and credit risk while providing better returns than traditional savings accounts.

Key Investment Features:

- Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000.

- The Union Overnight Fund Direct Growth is rated Low risk.

- The Union Overnight Fund was launched on 27th March 2019.

Fund Managers

Co Managed by Mr. Devesh Thacker & Mr. Tarun Singh since inception of the fund.

Mr. Devesh Thacker - Devesh Thacker did his MBA in Finance at Savitribai Phule Pune University and started his career at ASK Financial Services Pvt Ltd and then worked at various firms including Indiabulls, Dolat Capital Market Private Ltd, ICICI Bank and Sahara Mutual Fund before joining Union Asset Management Company and currently is the Fund Manager - Fixed Income. In his professional career of more than 22 years, he has worked with Sahara Asset Management Co.

Mr. Tarun Singh - Mr. Tarun Singh is the Dealer - Fixed Income at Union Asset Management Company Private Limited.

About the Fund House (AMC)

Union Mutual Fund, the investment wing of Union Bank of India, is one of the key drivers of the asset management sector in India for over a decade. The vision of the company is to provide opportunities to investors so that they can achieve sustainable prosperity by investing responsibly in the capital markets.

Key Company Details:

- The AMC was set up on December 30, 2009, with the aim to formulate a robust asset management portfolio in India.

- The AMC was set up in collaboration with KBC Asset Management NV, a Belgium-based AMC. It was initially known as Union KBC Mutual Fund.

- The partnership ended in 2016 when KBC pulled out of the agreement and Union Bank of India purchased their shares, making Union Mutual Fund their wholly owned subsidy.

Union Mutual Fund operates on the principle of bringing the opportunity for investors to make sustainable investments. The fund house intends to be known as the fund house that provides the products for individuals to achieve their financial goals by understanding their needs. Union Mutual Fund aspires to reach out to as many investors as they can and help them identify the right investments.

Should I Invest in Union Overnight Fund?

Union Overnight Fund is suitable for investors seeking:

Conservative Risk Profile: This fund is ideal for extremely risk-averse investors who prioritize capital preservation over high returns. On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Union Overnight Fund is Low.

Short-term Liquidity Needs: Perfect for parking surplus funds temporarily or for emergency fund requirements, as it provides daily liquidity with minimal risk.

Better than Savings Account: While offering similar safety levels as savings accounts, overnight funds typically provide better returns and can serve as an alternative to traditional savings instruments.

Portfolio Diversification: Can serve as the debt component in a diversified portfolio, providing stability when equity markets are volatile.

However, investors should note that returns from overnight funds are generally modest and may not keep pace with inflation over longer periods. This fund is not suitable for wealth creation goals or investors seeking higher returns.

FAQs

What is today's NAV of Union Overnight Fund?

The current NAV of Union Overnight Fund is ₹1345.34, as of 5th April 2025. The NAV is updated daily after market hours and reflects the fund's per-unit value.

What is the AUM of Union Overnight Fund?

The AUM (i.e. assets under management) of Union Overnight Fund is ₹252.95 Cr as of 5th April 2025. This represents the total value of assets managed by the fund.

What is the expense ratio of Union Overnight Fund?

The expense ratio of Union Overnight Fund Plan is 0.08 as of 5th April 2025. This is the annual fee charged by the fund house for managing your investment.

What are the returns of Union Overnight Fund since inception?

The fund has delivered a CAGR of 4.98 since inception. The fund has delivered absolute returns of 6.63% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 6.30%. For 5 years it has given a CAGR of 5.03%.

What is the minimum SIP amount to invest in Union Overnight Fund?

The minimum SIP for Union Overnight Fund is 500. This allows investors to start systematic investing with a small monthly commitment.

How do I invest in Union Overnight Fund?

You can invest in Union Overnight Fund through Allvest's platform. Simply create an account, complete your KYC, select the fund, choose your investment amount and mode (SIP or lump sum), and make the payment online.

How to start a SIP in Union Overnight Fund?

To start a SIP through Allvest, log into your account, search for Union Overnight Fund, select SIP option, choose your monthly amount (minimum ₹500), set the SIP date, and authorize the automatic deduction mandate.

How do I automate an SIP in Union Overnight Fund?

After starting your SIP through Allvest, set up an auto-debit mandate with your bank. This ensures automatic monthly deductions from your account on the chosen SIP date without manual intervention.

How can I withdraw/redeem my investment in Union Overnight 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. You will receive your funds within three working days of placing the order. There's no exit load for overnight funds, making redemption completely flexible.