Union Money Market Fund Direct - Growth

Q: What are the returns of Union Money Market Fund?

The Union Money Market Fund is a 3 yrs 9 m old fund and has delivered average annual returns of 6.34% since inception. Union Money Market Fund Returns 1-Year 3-Year Since Inception 7.92% 7.13% 6.34%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1262.2827+0.02% 1 day change	6.34% p.a.	#NA View Ranked Funds	₹176 Crs

Historical NAV & returns

NAV: ₹1262.2827 as on Jun 05, 2025

This fund Category average

Union Money Market Fund overview

Expense ratio	0.16% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹176 Crs
Lock-in	No Lockin
Age	3 yrs 9 m since Aug 24, 2021
Benchmark	CRISIL Money Market A-I Index
Min. investment	This scheme is currently not buyable
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Union Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 01, 2025

Period	This fund	Category average
1 Month	0.66%	0.71%
3 Months	2.35%	2.51%
6 Months	4.08%	4.25%
1 Year	7.92%	8.16%
2 Years	7.51%	7.78%
3 Years	7.13%	7.44%

Asset allocationas on Apr 30, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 84.83%

SOV 11.08%

Cash & Call Money 3.8%

Others 0.29%

Top Debt Holdings

Reserve Bank of India 11.08%

HDFC Securities Ltd. 8.47%

Bank Of Baroda 8.21%

Canara Bank 8.16%

Allocation by Instruments

Certificate of Deposit 59.96999999999999%

Commercial Paper 24.86%

Treasury Bills 11.08%

Reverse Repo 3.65%

Other Holdings

Others 3.65%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Union Money Market Fund	N.A.	₹176 Crs	3 yrs 9 m	0.16%
UTI Money Market Fund	N.A.	₹17,804 Crs	12 yrs 5 m	0.15%
Nippon India Money Market Fund	N.A.	₹15,877 Crs	12 yrs 5 m	0.22%
PGIM India Money Market Fund	N.A.	₹174 Crs	5 yrs 3 m	0.2%
Sundaram Money Market Fund	N.A.	₹574 Crs	6 yrs 8 m	0.17%
Axis Money Market Fund	N.A.	₹17,355 Crs	5 yrs 10 m	0.16%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Money Market Fund	0.66%	4.08%	7.92%	7.13%	N.A.	N.A.
UTI Money Market Fund	0.71%	4.32%	8.29%	7.55%	6.18%	6.93%
Nippon India Money Market Fund	0.73%	4.33%	8.32%	7.59%	6.2%	6.95%
PGIM India Money Market Fund	0.7%	4.21%	8.1%	7.4%	6.03%	3.15%
Sundaram Money Market Fund	0.7%	4.27%	8.16%	7.27%	5.8%	4.17%
Axis Money Market Fund	0.72%	4.32%	8.35%	7.59%	6.2%	3.7%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Money Market Fund	0.34	0.83	1.72	2.5
UTI Money Market Fund	0.37	0.89	2.62	4.22
Nippon India Money Market Fund	0.38	0.9	2.69	4.49
PGIM India Money Market Fund	0.38	0.93	2.18	3.67
Sundaram Money Market Fund	0.39	0.95	1.86	3.02
Axis Money Market Fund	0.39	0.96	2.62	4.17

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.17 vs. 3.21 Underperformed at beating benchmark
Sharpe	1.72 vs. 3.63 Poor risk-adjusted returns
Beta	0.83 vs. 2.03 Less sensitive to market ups & downs
Standard deviation	0.34 vs. 0.32 More volatile performance

Compare Union Money Market Fund in detail with

About this fund

About Union Money Market Fund

Union Money Market Fund Direct - Growth is a Money Market mutual fund scheme from Union Mutual Fund. This fund has been in existence for 3 yrs 9 m, having been launched on 24/08/2021. Union Money Market Fund Direct - Growth has ₹176 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Money Market Fund Direct - Growth as of 05/06/2025 is ₹1262.28. The fund has an expense ratio of 0.16%, which is close to what most other Money Market funds charge.

Union Money Market Fund Direct - Growth returns of last 1-year are 7.95%. Since launch, it has delivered 6.36% average annual returns.
Union Money Market Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India, HDFC Securities Ltd., Bank Of Baroda, Canara Bank, Axis Bank Ltd..

...

Fund AUM	₹176 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Parijat Agrawal

Mr. Agrawal is a B.Tech and MBA from IIM Bangalore. Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Devesh Thacker

Mr. Thacker is a B.Com (H) and Post graduate from University of Pune. Prior to joining Union AMC in 2011 he has worked with Sahara AMC.

Investment objective

The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.

Union Mutual Fund details

No. of schemes	26 view all schemes
Total AUM	₹19,972 Crs as on Mar 31, 2025
Address	Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai, 400059
Email	investorcare@unionmf.com
Phone	(022) 6748 3300

More funds from Union Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Union Dynamic Bond Fund	N.A.	₹87 Crs	10.67%	8.06%
Union Corporate Bond Fund	N.A.	₹364 Crs	10.53%	7.83%
Union Gilt Fund	N.A.	₹134 Crs	10.55%	N.A.
Union Liquid Fund	N.A.	₹4,684 Crs	7.32%	7.04%
Union Overnight Fund	N.A.	₹228 Crs	6.47%	6.42%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Union Money Market Fund?

The current Net Asset Value (NAV) of the Union Money Market Fund - Direct Growth plan is approximately ₹1262.2827 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Union Money Market Fund is a 3 yrs 9 m old fund and has delivered average annual returns of 6.34% since inception.

Union Money Market Fund Returns

1-Year	3-Year	Since Inception
7.92%	7.13%	6.34%

How much does this mutual fund charge as expense ratio?

The Union Money Market Fund - Direct Growth has an expense ratio of 0.16%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Union Money Market Fund currently has assets under management (AUM) or fund size valued at approximately ₹176 Crs crore as of Mar 31, 2025.

To whom does Union Money Market Fund lend to?

The top 3 debt holdings of Union Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	11.08%
HDFC Securities Ltd.	8.47%
Bank Of Baroda	8.21%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Union Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	84.83%
SOV	11.08%
Cash & Call Money	3.8%

What is risk level of Union Money Market Fund?

This is a Money Market fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Union Money Market Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Union Money Market Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Union Money Market Fund is complete.

How can I redeem my investments in Union Money Market Fund?

Redeeming your investments in Union Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Union Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Money Market

#NA

Return Outperformance: This fund has generated highest return amongst Money Market funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.