Union Overnight Fund

Q: What are the returns of this mutual fund scheme?

The Union Overnight Fund is a 6 yrs 10 m old fund and has delivered average annual returns of 4.99% since inception. Union Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 5.56% 6.26% 5.35% 4.99%

Q: How much does this mutual fund charge as expense ratio?

The Union Overnight Fund has an expense ratio of 0.17% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1397.2279+0.01% 1 day change	4.99% p.a.	App exclusive #NA View Ranked Funds	₹438 Cr

Historical NAV & returns

NAV: ₹1397.2279 as on Feb 02, 2026

This fund Category average

Union Overnight Fund overview

AUM (Fund size)	₹438 Cr
Exit load	0%
Lock-in Period	Nil
Age	6 yrs 10 m since Mar 26, 2019
Benchmark	CRISIL Liquid Overnight Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.17% as on Feb 02, 2026
Plan type	Regular
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Union Overnight 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.42%	0.42%
3 Months	1.29%	1.18%
6 Months	2.64%	2.54%
1 Year	5.56%	5.46%
2 Years	6.08%	6.03%
3 Years	6.26%	6.23%
4 Years	5.91%	5.89%
5 Years	5.35%	5.33%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Cash & Call Money 96.58%

SOV 3.42%

Top Debt Holdings

Reserve Bank of India 3.42%

Allocation by Instruments

Reverse Repo 81.32%

Repo 14.4%

Treasury Bills 3.42%

Net Receivables 0.86%

Other Holdings

Others 0.86%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Union Overnight Fund	0.42%	2.64%	5.56%	6.26%	5.35%	N.A.
Mirae Asset Overnight Fund	0.43%	2.67%	5.61%	6.31%	5.4%	3.14%
PGIM India Overnight Fund	0.42%	2.65%	5.59%	6.29%	5.39%	3.21%
Edelweiss Overnight Fund	0.43%	2.65%	5.57%	6.27%	5.35%	3.25%
UTI Overnight Fund	0.43%	2.67%	5.63%	6.32%	5.4%	5.54%
ICICI Prudential Overnight Fund	0.43%	2.66%	5.6%	6.3%	5.37%	3.65%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Union Overnight Fund	0.16	0.11	-0.35	-0.75
Mirae Asset Overnight Fund	0.16	0.11	-0.09	-0.19
PGIM India Overnight Fund	0.16	0.12	-0.17	-0.37
Edelweiss Overnight Fund	0.16	0.11	-0.32	-0.69
UTI Overnight Fund	0.15	0.11	0.02	0.04
ICICI Prudential Overnight Fund	0.16	0.11	-0.13	-0.28

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Union Overnight Fund	N.A.	438 Cr	6 yrs 10 m	0.17%
Mirae Asset Overnight Fund	N.A.	1,262 Cr	6 yrs 3 m	0.17%
PGIM India Overnight Fund	N.A.	38 Cr	6 yrs 5 m	0.19%
Edelweiss Overnight Fund	N.A.	146 Cr	6 yrs 6 m	0.16%
UTI Overnight Fund	N.A.	3,760 Cr	22 yrs 2 m	0.11%
ICICI Prudential Overnight Fund	N.A.	10,445 Cr	7 yrs 2 m	0.15%

View all Overnight funds

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

Alpha	0.16 vs. 1.51 Underperformed at beating benchmark
Sharpe	-0.35 vs. 1.7 Poor risk-adjusted returns
Beta	0.11 vs. -0.15 More sensitive to market's ups & downs
Standard deviation	0.16 vs. 0.12 More volatile performance

Compare Union Overnight Fund in detail with

About this fund

About Union Overnight Fund

Union Overnight Fund is a Overnight mutual fund scheme from Union Mutual Fund. This fund has been in existence for 6 yrs 10 m, having been launched on 26/03/2019. Union Overnight Fund has ₹438 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Union Overnight Fund as of 02/02/2026 is ₹1397.23. The fund has an expense ratio of 0.17%, which is close to what most other Overnight funds charge.

Union Overnight Fund returns of last 1-year are 5.58%. Since launch, it has delivered 5.00% average annual returns.
Union Overnight Fund 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 average.
The fund's credit profile is very low indicating it has lent to borrowers whose quality is poor. 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.

...

Fund AUM	438 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

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.

Tarun Singh

Mr. Singh has done B.Sc. 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 objective

The Scheme seeks to generate returns by investing in Debt and Money Market Instruments with overnight maturity.

Union Mutual Fund details

No. of schemes	29 view all schemes
Total AUM	25,989 Cr as on Dec 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	1Y	3Y
Union Corporate Bond Fund	N.A.	607 Cr	6.49%	7.0%
Union Liquid Fund	N.A.	5,729 Cr	6.35%	6.94%
Union Money Market Fund	N.A.	120 Cr	6.32%	6.43%
Union Dynamic Bond Fund	N.A.	103 Cr	1.95%	5.6%
Union Gilt Fund	N.A.	107 Cr	0.88%	5.32%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Union Overnight Fund?

The current Net Asset Value (NAV) of the Union Overnight Fund plan is approximately ₹1397.2279 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Union Overnight Fund is a 6 yrs 10 m old fund and has delivered average annual returns of 4.99% since inception.

Union Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
5.56%	6.26%	5.35%	4.99%

How much does this mutual fund charge as expense ratio?

The Union Overnight Fund has an expense ratio of 0.17%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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

The Union Overnight Fund currently has assets under management (AUM) or fund size valued at approximately 438 Cr as on Dec 31, 2025.

To whom does Union Overnight Fund lend to?

The top 3 debt holdings of Union Overnight Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	3.42%

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 Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	96.58%
SOV	3.42%

What is risk level of Union Overnight Fund?

This is a Overnight fund comes with Low risk.

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

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

How can I redeem my investments in Union Overnight Fund?

Redeeming your investments in the Union Overnight Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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

ET Money rank

App exclusive

in Overnight

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.